Positive Purchasing

MAY 3, 2024

Category Management in Purchasing , now in its 5th edition, is a comprehensive and practical guide to approaching purchasing and procurement strategically, effectively, and sustainably through category management. Tom Walsh, Associate Director, Global Source-to-Pay Excellence Lead, Astellas Pharma US, Inc.

Category management 52

Category management Purchasing Supplier relationship management Management 52

Supply Chain Game Changer

JANUARY 20, 2021

Subscribe to Supply Chain Game Changer. Supply Chain Investment Challenges – Real and Imagined! You have also invested in supply chain systems to manage and monitor the flow of goods. In fact, the average mid-size and enterprise company has four supply chain system investments each!

Agile and Lean Supply Chain 90

Agile and Lean Supply Chain supply chain software solutions Supply chain Supply 90

Procurement Software

MARCH 11, 2022

Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. This is crazy. This is operational, day-to-day work.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. This is crazy. This is operational, day-to-day work.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

Supply Chain Optimization 52

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

Procurement Software

JULY 9, 2024

Standardised procurement software suites often cater to source-to-pay (S2P) and source-to-contract (S2C) functions with a strong bias towards use cases in indirect procurement. They also enable business stakeholders to self-serve for simple, low value and non-complex purchases.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Procurement Tactics

AUGUST 24, 2022

A supply network is a cluster of suppliers or vendors that helps an organization in adding value for customers by producing or delivering a product. . It is a virtual platform where suppliers and buyers located anywhere in the world can collaborate together. Benefits of Supplier Network for Suppliers and Buyers.

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Procurement Tactics

JULY 14, 2022

Procurement executives are known as purchasing agents or buyers in some organizations. Purchasing agents are responsible for negotiating and evaluating with the suppliers. Purchasing agents are tasked with sourcing direct and indirect materials requested by different departments in an organization. .

Procurement 130

Procurement Purchase orders Purchasing Negotiation 130

Una

NOVEMBER 19, 2023

The Definition of a Sourcing Hero | Part Two Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, Kelly traditionally asks each guest a question. We are all human.

Sourcing 52

Sourcing Agile and Lean Supply Chain supply chain software solutions Procurement 52

Procurement Insights

SEPTEMBER 15, 2023

As an introduction or lead-in to that old post, I want to share the following excerpt from an article written in June 2023 responding to the question – What is AI in supply chain in 2023? Also, AI can locate potential risks in the supply chain, such as disruptions due to weather events or geopolitical factors.”

Buyers 75

Buyers supply chain software solutions Bidding Quality 75

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

Procurement 101

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 101

Spend Matters

OCTOBER 24, 2023

This year, our analysts identified three solution providers that have proven their potential to be considered best-in-class, one of which is source-to-pay suite provider Onventis. Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000.

Procurement solutions 84

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 84

Supply Chain Game Changer

DECEMBER 9, 2020

Subscribe to Supply Chain Game Changer. The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. After implementing that solution, you look thoughtfully at the other systems your operations require.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. There are various tools and software that provide a template to create a job order document.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Insights

FEBRUARY 17, 2024

As a result, there will be a continuing need for “low-level” buyers. However, the same individual concluded, “One strategic business thinker with the right skills and capabilities is worth 10 or 12 of your normal, run-of-the-mill purchasing people.” There is more to e-procurement than software!

supply chain software solutions 72

supply chain software solutions Supply Contract management Supply chain 72

Finale Inventory

JULY 18, 2024

With EDI, businesses can transmit and receive electronic documents such as purchase orders, invoices, and shipping notices. These standards ensure that data can be understood by different computer systems, regardless of the technology or software used. This can lead to increased customer satisfaction and repeat purchases.

Data 52

Data Real-time Visibility Supply Chain Efficiency supply chain software solutions 52

Supply Chain Game Changer

MAY 5, 2021

Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! As everyone in Supply Chain Management knows today, the field has come a long way. They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

Una

JANUARY 1, 2024

5 Meaningful New Year's Resolutions for Procurement Sourcing Heroes can set their organization up for success by creating meaningful and realistic new year’s resolutions for procurement. Check if the survey results confirm or contradict other sources of information. Leverage technology. Don’t rely on clunky email-based surveys.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Solvoyo

DECEMBER 9, 2020

Companies tend to engage in request for information (RFI), request for quote (RFQ) and request for proposal (RFP) processes to make sure they end up choosing the right software that meets their business and IT requirements. We believe T&L is the obvious choice for optimizing the purchase process for a true SaaS solution! .

Purchasing 52

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

Procurement Tactics

JUNE 28, 2023

The way a Futures Contract works is that the seller should sell or the buyer should purchase the underlying commodity at the agreed price, at the contract’s expiration date, regardless of its current price at the time of the expiration 2. Here are some tools and software available for commodity trading: 1.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Spend Matters

JULY 10, 2024

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

Procurement 92

Procurement Management Contract Sourcing 92

Arkestro

SEPTEMBER 5, 2023

In this blog, Arkestro sat down with Jeoff Burris, the Founder and Principal of Advanced Purchasing Dynamics and Procure-Force solution team member, to get his thoughts on hot button topics such as: supply chain disruptions, quote fatigue, managing costs, and more – that are top of mind for automotive procurement teams.

Procurement 52

Procurement supply chain software solutions supply chain budgeting Buyers 52

Spend Matters

MAY 22, 2024

There are different levels of GenAI applications in use by procurement solution providers, from basic/shallow to embedded ( see our definition of the ‘6 flavours of AI’ here ). Fundamentally, it remains conservative, concerned mostly with purchase orders, invoices and control. And for spend: ‘What is my spend with certain supplies?

Procurement 89

Procurement Data supply chain software solutions Contract 89

The Procuretech Podcast

MARCH 15, 2022

Today is a very proud and special day for me as I launch our new venture: Procurement Software. I've listed 10 reasons why I believe that Procurement Software provides a solution that nobody else out there is offering.here goes: 1. We don't charge any subscription to buyers. Completely FREE to access for the buy side.

supply chain software solutions 52

supply chain software solutions Procurement Supply Chain Efficiency Market knowledge 52

Pipefy

DECEMBER 20, 2023

The result is greater supply chain predictability, more accurate decision-making, and better business agility. This also leads to more advantageous strategic sourcing. However, the successful execution of a strategic procurement process can streamline and even simplify decisions for operational purchases required for businesses.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. If a Category Manager earns €100k a year and is charged with complex sourcing and negotiations, surely they are smart enough to manage their own travel budget? Reductions in energy or material consumption. Supplier innovation. Third party risk management.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Software

MAY 21, 2024

We are now at a place where you could replace all of your tactical negotiations and tactical spend in procurement with a piece of software. It’s not unreasonable to be able to negotiate much, or all, of your tail spend with a piece of software. The future: can strategic sourcing and complex negotiations be automated?

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Pipefy

JANUARY 11, 2023

Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions. In 2022, the five biggest procurement issues experienced by B2B buyers were: Reliable delivery (43%). Complex purchasing systems (31%).

Strategy 52

Strategy supply chain software solutions Procurement Agile and Lean Supply Chain 52

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. A recent survey of procurement and supply chain leaders found that 32% of procurement teams admitted to cutting corners with their sourcing criteria and suppliers to secure supply. Complex purchasing systems (31%). Uncertain global markets.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Spend Analytics As we showed in the example above, spend analytics can get a boost from using generative AI to assist with classification and taxonomy of free text purchase orders and vague descriptions.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Zycus Cognitive Procurement

SEPTEMBER 13, 2022

This blog summarizes an exclusive on-demand webinar concluded by Zycus for the Nordics region with Bernard Gracia , Director & Dean at European Institute of Purchasing Management (EIPM) and Thomas Bioud , Regional VP, EMEA, Zycus. Changing Roles of Buyers. This was the first significant change in the buyers’ role.

Procurement 52

Procurement Buyers Leadership Agile and Lean Supply Chain 52

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. If a Category Manager earns €100k a year and is charged with complex sourcing and negotiations, surely they are smart enough to manage their own travel budget? Reductions in energy or material consumption. Supplier innovation. Third party risk management.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Supply Chain Game Changer

NOVEMBER 15, 2018

Recently I had the pleasure of attending EBG Network’s 8th Annual Source to Pay Summit, which gathered some of the Nordic’s largest organizations and procurement profiles. Source: Deloitte’s CPO Survey 2018. Source and purchase goods and services from anywhere?—?around Source: Deloitte. Withstanding Scrutiny?—?A

Supply Chain Efficiency 53

Supply Chain Efficiency supply chain software solutions Procurement Procurement team 53

Procurement Software

MARCH 12, 2024

Autonomous sourcing and autonomous negotiation applications, as well as spend analytics tools , have all used machine learning algorithms to train their bots on the data. It will also be able to assist in monitoring supply chain disruptions by being able to quickly summarise foreign language news sources and weather reports.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52