Arkestro

DECEMBER 26, 2024

Resources / Blog / 5 Procurement Industry Trends to Watch in 2025 5 Procurement Industry Trends to Watch in 2025 In recent years, the procurement industry has undergone unprecedented transformations driven by the adoption of digital transformation, big data, and advanced technology like artificial intelligence (AI), machine learning, and automation.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

MAY 23, 2022

Subscribe to Supply Chain Game Changer. Why is Supply Chain Management Important? A company’s supply chain usually comprises all the operations between sourcing raw materials and delivering the product to customers. The process of data analysis allows companies to become more efficient. Email Address.

Supply chain management 95

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 95

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Jaggaer

FEBRUARY 5, 2025

For example, carbon emissions can be costed, and delivery times or product quality might be scored numerically or based on predefined KPIs in the system. Automation can access data feeds from third parties, compiled from multiple sources (such as financial reports, news, or previous evaluations) to provide an informative risk profile.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. Better Data One of the biggest advantages of digitising your procurement operations is improved data quality.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

SCMDOJO

JANUARY 31, 2024

Are you considering a career in supply chain management? In this article, we will explore the wide range of salaries in supply chain management, from entry-level positions to executive roles for each region. Supply chain management is a rapidly growing industry. Curious about the salaries to expect?

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Supply chain management Supply chain management supply chain budgeting Supply Chain Optimization 98

Supply Chain Game Changer

NOVEMBER 7, 2022

Subscribe to Supply Chain Game Changer. Supply chain breakdown is a serious problem that can lead to significant losses for any business. If this obstacle often happens within your organization, you might generate higher costs and develop lower-quality products that might affect your customers’ expectations.

supply chain budgeting 86

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 86

Procurement Insights

MARCH 16, 2025

Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Insights

NOVEMBER 18, 2024

Choosing the best source for procurement and supply chain information and practical guidance depends on your organization’s needs, the type of advice you seek, and the stage of your procurement transformation. McKinsey Strengths : Deep industry research and data-driven insights. Downsides : Expensive subscription model.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting supply chain software solutions Ethics 40

Skill Dynamics

JANUARY 14, 2025

Finance and Cost Management Being able to efficiently and effectively manage and control procurement budgets and general costs will lead to stronger financial control across your business , increased cost efficiencies, and a better allocation of resources, which allows you to enhance profitability and improve your team.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 98

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 98

Jaggaer

MARCH 6, 2025

By adopting these technologies, public sector procurement teams can increase efficiency, reduce costs, and improve accountability. These reforms and similar ones in other countries open up opportunities for public sector buyers. Spend Analysis: Offering detailed visibility into spending patterns, enabling cost optimization.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

ivalua

MARCH 5, 2020

That includes quite a range of issues now, ranging from climate change and de-forestation to modern slavery or supporting diversity in our supply chains. Sometimes action can be taken by the buyer that either does not affect the supplier or just requires their agreement.

Collaboration 130

Collaboration Agile and Lean Supply Chain Procurement supply chain budgeting 130

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Promoting Supply Chain Value.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain supply chain budgeting Supply chain Raw materials 84

Jaggaer

NOVEMBER 12, 2019

This has brought benefits but not sustainable value , especially when buyers have looked for “best-of-breed” point solutions with limited interoperability. The result has been isolated applications, e.g. for supplier management and for P2P working in parallel with siloed data sets and limited or no synergy. Competitive intelligence.

Collaboration 78

Collaboration Suppliers Data supply chain software solutions 78

Jaggaer

MARCH 19, 2025

We want to reduce costs. The second has become more pronounced in recent years, notably with the Covid pandemic and supply chain disruptions. You will certainly be enriching your data on each supplier with up-to-date non-financial information. The first of these has always been with us.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Spend Matters

SEPTEMBER 26, 2022

Categories: Analysis , Procurement Systems & Architecture , Spend Management , Supply Chain , Supply Chain Management , Trade Financing Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Trax, a Transportation Spend Management (TSM) solution.

Spend management 94

Spend management supply chain budgeting Supply Chain Optimization Management 94

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

Let's Talk Supply Chain

AUGUST 7, 2022

Today I’m joined by Orderful , a forward-thinking EDI software provider, that is on a mission to modernize contemporary supply chains. IN THIS EPISODE WE DISCUSS: [06.41] Erik’s founder story, and the journey that led him to “experience the tension between small suppliers and giant buyers” first hand, and establish Orderful.

supply chain software solutions 98

supply chain software solutions supply chain budgeting Real-time Visibility Supply Chain Efficiency 98

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Supply Chain Efficiency 82

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 82

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. Dairy.com**: Offers technology services and intelligence platforms tailored to the dairy industry, focusing on supply chain optimization.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 52

ivalua

MAY 18, 2022

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

Jaggaer

FEBRUARY 20, 2025

Big data and digital technologies support the aggregation of purchases across business units to improve performance, provide better spend analysis, and drive business value. Or rather, it should not, in a data-driven environment. Supply chain collaboration: You identified key suppliers in the strategic sourcing activities.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Tactics

AUGUST 24, 2022

It is a virtual platform where suppliers and buyers located anywhere in the world can collaborate together. Thus, it reduces costs and increases the profits of organizations. . Benefits of Supplier Network for Suppliers and Buyers. It reduces processing time and streamlines the flow of information between parties.

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. Reduced manual process intervention is fundamentally impartial and increases the feedback’s reliability.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Spend Matters

AUGUST 8, 2023

The recent Deloitte Global Chief Procurement Officer Survey tells us, “CPOs have definitively indicated that risk is here to stay, as evidenced by the greater than 70% in our survey who indicated that procurement-related risk/supply chain disruption has increased in the past 12 months on top of an already elevated baseline.”

Risk management 98

Risk management Risk Management supply chain budgeting 98

TYA Suite

NOVEMBER 15, 2024

This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains. From reducing fraud to improving and automating contract management, blockchain is shaping the future of procurement in ways previously unimaginable.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Supply Chain Game Changer

DECEMBER 9, 2020

Subscribe to Supply Chain Game Changer. What is Product (or Master) Data Management? For the company buried in product data trying to navigate the waters of ecommerce, PIM software comes in like a gust that fills the sails. There is a way to aggregate, organize and clean-up data without all the manual toil.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

ivalua

AUGUST 5, 2020

At each step of this Procurement process, data is gathered, suppliers are onboarded, and deliveries are accepted. If this is done in a coordinated way, Invoice to Pay is more powerful than the traditional silo’s of Invoice software management, budget allocation and payments. AP managers need to embrace digital data and think digitally.

supply chain software solutions 130

supply chain software solutions Real-time Visibility Networking supply chain budgeting 130

Spend Matters

JUNE 19, 2023

E-procurement IT solutions improve process automation, increase spending under management, reduce maverick spend, improve cross-functional process/data integration (e.g., budget compliance and inventory availability), enable effective spend, preferred supplier and category management.

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

Procurement Software

OCTOBER 17, 2023

Procurement spend data is often unstructured, difficult to interpret and unreliable as a source of truth. Poor data quality is one of the biggest challenges that procurement leaders face when embarking on a digital transformation or procurement excellence journey. Procurement’s dirty spend data: why, and what to do?

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Positive Purchasing

NOVEMBER 1, 2023

I have a healthy budget, but am struggling to find the right fit – what would you say to me? New or growing tech businesses must decide whether to spend their limited budgets on product, sales and marketing, or on people. A central repository – to manage your sourcing events and contract data. James: What’s the ROI?

Procurement 111

Procurement supply chain budgeting Category management Budget 111

TYA Suite

JANUARY 27, 2025

The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supply chain.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

Strategic Sourceror

AUGUST 3, 2022

Product shortages were a common sight throughout much of the country, due in part to supply chain bottlenecks, so stocking up wherever possible made sense. Retailers aim to reduce their inventory that is piling up due to slower sales. Although the pullback has been slow, it's starting to be borne out in the data.

Inventory 104

Inventory supply chain budgeting Supply Chain Optimization Consumer demands 104

Spend Matters

AUGUST 2, 2023

Businesses are inevitably looking at ways to reduce costs, but that’s rarely the primary motivator we’ve seen for change, even in the current economic climate. Reducing headcount is a one-time benefit; the organizations we’re talking to have their eyes set on a bigger prize.

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supply chain budgeting Procurement Supply chain Suppliers 98