Spend Matters

FEBRUARY 18, 2025

More concretely, Xavier Olivera , Spend Matters Lead Analyst for Downstream Procurement, once explained that since entering the permacrisis environment of the post-pandemic world, the balance of power in purchasing has shifted : Traditionally, the buyer held the purchasing power. They could squeeze a suppliers profits.

Procurement 86

Procurement Purchasing Suppliers Procurement team 86

Procurement Tactics

JULY 14, 2022

Additionally, the demand has increased as many buyers or firms cannot negotiate a reasonable price for products or services. Procurement service providers are effective and experienced third-party organizations that facilitate the relationship between buyers and suppliers. Procurement Service Provider — The Ultimate Guide of 2022.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

SCMDOJO

APRIL 22, 2022

The cycle of building better supply chain collaborations begins by having one single fact from seller’s seller to buyer’s buyer. Supply chain collaboration is of recent origin where the industry witnessed VMI (Vendor Managed Inventory) & CPFR (Collaborative Planning Forecasting & Replenishment).

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Spend Matters

MARCH 13, 2023

The introduction and adoption of Vendor Management Software (VMS) into major markets brought visibility, compliance and improved engagement for contingent labor. Three major types of external worker classification emerged during this time – contingent labor/staff augmentation, service/contract workers and independent/freelancers.

Contract 98

Contract Vendor management Buyers Management 98

Skill Dynamics

OCTOBER 19, 2023

Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence. This is all done alongside the achievement of cost-effective procurement and robust vendor management.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Spend Matters

FEBRUARY 21, 2024

To potential buyers — Deployed uses guided scoping to simplify the end-to-end SOW creation process. They are also using its learning services to improve how SOWs are written. It does this with conversational chat prompts that collect SOW requirements from business requestors during project planning.

Bidding 116

Bidding Market analysis Buyers Suppliers 116

The Good Spending

JUNE 15, 2022

New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task. Modified Rebuy A buyer wants to replace or amend a product used in the organization. Straight Rebuy The buyer routinely reorders a product with no modifications.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

Una

JANUARY 17, 2023

e-Commerce Platforms: Online marketplaces and e-commerce platforms provide a digital platform to connect buyers and sellers from different parts of the world. This makes it easier for small businesses to participate in cross-border trade by reducing the complexity of finding new customers and managing logistics. Share on Social.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 98

SCMDOJO

DECEMBER 14, 2023

From selecting shipping methods to managing customs clearance, the process can be complex. Sourcing agencies excel in handling these intricacies, ensuring a smooth and efficient flow of products from supplier to buyer. If logistics seem like a maze, a sourcing agency can provide the navigational expertise needed.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

Jaggaer

MARCH 10, 2020

At JAGGAER, our own definition of a truly autonomous procurement solution is one that will not only have cognitive capabilities embedded throughout the platform, but will build on those capabilities to automate entire sourcing and procurement processes without any buyer interference whatsoever when the opportunity arises.

Procurement 59

Procurement Vendor management Purchasing Sourcing 59

Una

AUGUST 23, 2022

In fact, data protection is the number-one priority for us as a vendor management office, followed closely by security, [then] by pricing, budget, and spend. IT Procurement | Stranger Things Keeping IT Buyers Up at Night. But there’s one factor that Barry believes procurement should focus upon above all others: data.

Collaboration 98

Collaboration Procurement Purchasing Data 98

Supply Chain Game Changer

SEPTEMBER 29, 2020

Negotiations and sourcing decisions were made which focused on just in time delivery, supplier/vendor managed inventory and greater flexibility conditions surrounding the delivery of goods and increases/decreases in supply. Raw Material Management. Buyers historically purchased materials in a very indistinguishable manner.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

Spend Matters

JULY 10, 2024

AP Automation and Invoice-to-Pay LSQ offers a suite of working capital management solutions, including accounts payable, financing and dynamic discounting, to streamline payment processes for both buyers and suppliers.

Procurement 114

Procurement Management Contract Sourcing 114

Spend Matters

NOVEMBER 2, 2023

SAP is obviously working with buyers to auto-generate RFx documents, but also with suppliers on generating responses (rather like what responsive.io [the new name of RFPIO, a provider of response management software that acquired RFP360 in 2021] and Loopio do).

Networking 114

Networking Spend management Suppliers Supply Chain Optimization 114

Planergy

MARCH 18, 2025

Vendor Delays Delivery issues can also arise from multiple sources. From labor strikes and transportation to poor vendor management, if you dont get the items you need on time, it slows everything else down and could turn a minor issue into a major one.

supply chain budgeting 52

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

Planergy

NOVEMBER 1, 2022

These programs are beneficial for both buyers and suppliers. Benefits for Buyers. PSPs benefit buyers because they can lead to reduced costs, improved quality and service levels, and increased procurement efficiency. In addition, PSPs can help buyer organizations manage risk by consolidating their spending with fewer suppliers.

Contract 52

Contract Suppliers Buyers Quality 52

Planergy

OCTOBER 20, 2022

RFX – request for X – can refer to any request a buyer issues a vendor – thereby applying to any of these documents. You’ll likely send additional requests if you find the vendor may be able to meet your organization’s needs. Introduction to you as a buyer and your company background.

Buyers 52

Buyers Supply Chain Efficiency Price Suppliers 52

Sourcing and Supply Chain

JUNE 24, 2021

Hence, buyers have also adopted the concept of suppliers to bundle the requirement of multiple locations and the similar product as a category to have a better understanding, control, and volume to negotiate. It results in specialization in category for a buyer and ends up in a better deal with saving time, resources, and money.

Category management 52

Category management Management Procurement Market analysis 52

Supply Chain Game Changer

JUNE 23, 2021

It allows users to digitally and centrally coordinate all competitive bidding requests with vendors, manage project updates, track all notes and communications by project, and collect all proposals and project information centrally in one place. Power RFP is simple and elegant.

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

Let's Talk Supply Chain

FEBRUARY 8, 2023

For these buyers, the impact was clear: supplier relations improved, errors were removed, paperwork disappeared, and most importantly – their supply chain became more efficient and reliable. So, if you want an efficient supply chain – don’t mess with your suppliers, collaborate with them!

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Suppliers 52

SCMDOJO

MARCH 19, 2024

Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs. By implementing inventory control techniques, such as just-in-time (JIT) or vendor-managed inventory (VMI), businesses can optimize inventory levels and improve cash flow.

Supply Chain Optimization 98

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

Una

AUGUST 16, 2022

Find out if the provider has customer support, integration services, vendor management , and reporting functionality. IT Procurement | Stranger Things Keeping IT Buyers Up at Night. Check the cloud provider’s Service Level Agreement for support and uptime guarantees. Get new resources weekly! Subscribe to Unaversity.

Procurement 97

Procurement Purchasing Data Networking 97

Finale Inventory

JUNE 21, 2024

Additionally, these templates help maintain accurate records of purchases, making it easier to track expenses, manage inventory, and reconcile invoices. Firstly, it should clearly outline the buyer’s information, including name, address, and contact details.

Purchase orders 52

Purchase orders Purchasing Management Inventory 52

Finale Inventory

JUNE 21, 2024

Additionally, these templates help maintain accurate records of purchases, making it easier to track expenses, manage inventory, and reconcile invoices. Firstly, it should clearly outline the buyer’s information, including name, address, and contact details.

Purchase orders 52

Purchase orders Purchasing Management Inventory 52

SCMDOJO

DECEMBER 14, 2023

Vendor Managed Inventory (VMI): VMI is a collaborative approach to inventory management where the vendor or the supplier, usually the manufacturer, is responsible for replenishing the client’s stock. This visibility enables the vendor to actively manage the buyer’s inventory levels.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

SCMDOJO

AUGUST 4, 2023

This implementation further lessens the order transmission time without reducing lead time to its final buyers. For instance, through the implementation of Electronic Data Interchange (EDI), a business can reduce its needed cycle stock by $5 million. These benefits are highlighted in the table below (Table 1).

Inventory 98

Inventory Supply Chain Efficiency Supply Chain Optimization Raw materials 98

TYA Suite

DECEMBER 16, 2022

Purchase requisition comes first, a purchase order is issued by the buyer who makes sure they got exactly what they had ordered. It is a document issued by a business purchasing department while placing an order with its supplier or vendor. Helps in end to end vendor management and saves loads of time.

Purchase orders 52

Purchase orders Purchasing Budget Price 52

Procurify

MAY 12, 2022

In a business, purchasing is the act of acquiring a good or service and typically involves the immediate day-to-day transactions between sellers and buyers. . This often includes how a procurement manager goes about ordering and paying for something. Procurement managers deal with things like: Sourcing activities and tactical sourcing.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

The Procuretech Podcast

SEPTEMBER 26, 2022

And most importantly, she's the CEO of Transformify - a vendor management and payroll management system. In the past, it seemed like suites needed to look complex in order to impress buyers with all their functionality. Vendor management is a big one. . Vendor management is a big one.

Management 40

Management Vendor management Influencing Procurement team 40

Pipefy

MARCH 6, 2023

11 – Complete three-way matching After the goods or services have been delivered, the supplier will issue an invoice to the buyer. 12 – Issue payment If the three-way matching process is a success, the buyer will issue payment for the purchase.

Procurement 59

Procurement Procurement team Purchase orders Vendor relationships 59

Supply Chain Game Changer

JANUARY 9, 2019

In our online course “Professional Purchasing Project Management,” we teach four techniques for accelerating progress on a procurement project: increasing resource units, finding ways to reduce the projected duration of tasks, adding resources and modifying working hours. Have you used Vendor management software?

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

Finale Inventory

JULY 26, 2024

Implementing Vendor Managed Inventory (VMI) Explore the option of implementing a Vendor Managed Inventory system with your key suppliers. Happy customers are more likely to become repeat buyers and refer your business to others.

Inventory 52

Inventory Supply Chain Efficiency Strategy Management 52

Zycus Cognitive Procurement

FEBRUARY 14, 2022

With the help of supplier relationship management technologies , you can get complete and unrivalled insight into your suppliers. The unified view allows for a more stable and fair supply chain by minimizing risks for buyers and maximizing incentives for suppliers for their good work! Learn More: Vendor Management Guide.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

Planergy

JANUARY 18, 2024

Supplier-managed catalogs live within the buyer’s purchasing system, but the supplier has access to the catalog so they can maintain it. On the other hand, a punch-out catalog gives buyers access to the vendor’s website through the buyer’s procurement software. What Are the Components of Procurement Catalogs?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurement Software

MAY 16, 2023

Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

The Procuretech Podcast

DECEMBER 21, 2021

But none require a uniform, comprehensive set of criteria which fulfil an organisation's compliance and vendor due diligence checks, as well as the data required in order to pay invoices and transact with the supplier day-to-day. The information exchange between buyer and supplier has to be a two-way relationship.

Management 40

Management Suppliers Data Risk 40

Pipefy

DECEMBER 22, 2022

After comparing all requests for quotation, the purchaser may select a vendor or initiate negotiations. An RFQ starts with a detailed list of the products and/or services the buyer wants to procure. Duplication occurs when multiple departments request information from the same vendor, or when a vendor is considered at different times.

Bidding 52

Bidding Purchasing Price Procurement team 52