Jaggaer

MAY 14, 2019

Source-to-Pay software or, simply put, S2P is an integrated suite of applications developed to take care of and manage each and every process within the procurement function. Having all your procurement processes managed through one single platform, increases visibility over the whole buying process.

Real-time Visibility 81

Real-time Visibility Buying process Procurement strategies Purchasing 81

Spend Matters

OCTOBER 4, 2024

The changes come in conjunction with Zip’s expansion in broader procurement orchestration and into native source-to-pay capabilities, complementing its foundational intake management focus. AI-enabled invoice coding is also offered based on historical coding patterns within the organization for more accurate suggestions.

Sustainability 112

Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

Spend Matters

JANUARY 9, 2024

This might be for small use cases like replacing Google when we have a question or more advanced cases like supporting category managers in the buying process. But using the technology, it suddenly becomes possible to consider millions of data sources all alongside the human intelligence of the professionals in your Procurement team.

Procurement 106

Procurement Buying process Category management Suppliers 106

SCMDOJO

JANUARY 19, 2025

The ways to find and buy items online with instant processing had changed the customers’ views on the whole chain. But convenience is not the only trait of a click-to-buy process. Source: [link] Well, it faces a few challenges: Management. Jared Weitz, Founder & CEO of United Capital Source Inc.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 52

Supply Chain Game Changer

JANUARY 21, 2020

CIPS (Chartered Institute of Procurement & Supply) defines eSourcing as “a broader concept as it incorporates the key elements of the buying process, such as knowledge, specification, requests for quotation/tender/e-auction, evaluation/negotiation and contract (CIPS: Electronic commerce and e-Business)”. Source: CIPS.

Procurement 87

Procurement Supplier relationship management Eprocurement Supply Chain Efficiency 87

Una

SEPTEMBER 22, 2022

A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. As you begin to navigate this category, some of the same strategic sourcing best practices can be used as a guide to IT procurement as well. IT Procurement Best Practices.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Procurement Tactics

AUGUST 29, 2022

Author of three books, her work covers every step of the buying process that equipped readers with effective strategies for both the short and long term. Created over 300+ negotiation plans: being a sparring partner for procurement managers in their process of creating negotiation plans. Linda Swindling. LEARN MORE.

Negotiation 130

Negotiation Influencing Strategy Leadership 130

Arkestro

MARCH 13, 2023

Thomas Perkins – Purchasing Manager The Challenge Create a more efficient RFQ process for large-scale mining equipment & identify cost-savings opportunities To power its production, Searles Valley Minerals needs to source a large quantity of equipment such as 6 miles worth of pipe, in addition to valves and fittings.

Bidding 52

Bidding Procurement Buyers Buying process 52

The Procuretech Podcast

SEPTEMBER 14, 2021

Historically, there wasn't much technology out there to deal with indirect services spend, both from a sourcing and supplier contract lifecycle management perspective. But is it possible to manage both strategic, corporate level service agreements as well as more tactical, tail spend and one-time buys all in the same platform?

Management 52

Management Procurement team Contract Purchasing 52

Procurement Software

MAY 16, 2023

Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. Onventis also provides a comprehensive suite of source-to-contract, contact management and spend analytics features in addition to their Procure-to-Pay module.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Claritum

OCTOBER 30, 2017

These organisations range from small businesses providing a simple buying service, BPOs managing an outsourced purchasing service through to global multinationals with hundreds of sourcing professionals across many continents and a wide range of service offerings. Inefficient buying processes.

Buying process 32

Buying process Bidding Buyers Competitive bidding 32

The Thomas Blog

JUNE 22, 2022

Today's buying process begins on the internet. Surveys have shown that the purchasing decisions of industrial buyers are most heavily influenced by detailed technical information about the products/services they are sourcing, which is why common content and pages that attract new customers are: Part-level specifications.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

SCMDOJO

DECEMBER 11, 2023

Data Collection and Aggregation: Procurement Data Sources: Gathers information from various sources such as invoices, purchase orders, and contracts. Looking at and dealing with this report often keeps our buying processes working well and builds good relationships with our vendors. goods, services, or indirect spending).

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Procurement Insights

OCTOBER 26, 2023

80% of your typical use case across Source to Pay happens on Merlin Chatbot, which is built into Microsoft Teams. ” He said, “These apps need time to collect and synthesize data from multiple sources – even those unaffected by the exception at hand.” You want the right template, Merlin Assist provides it.

Change management 69

Change management Management Contract Buyers 69

Procurement Software

MAY 28, 2024

of Sourcing Events Run Digitally E-auctions and e-sourcing can be incredibly efficient, transparent practices for running tenders and proposals in procurement. Just as important, e-sourcing allows for better data management and analytics, aiding procurement teams in making informed decisions quickly.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

Supply Chain Game Changer

MAY 8, 2019

CIPS (Chartered Institute of Procurement & Supply) defines eSourcing as “a broader concept as it incorporates the key elements of the buying process, such as knowledge, specification, requests for quotation/tender/e-auction, evaluation/negotiation and contract (CIPS: Electronic commerce and e-Business)”. Source: CIPS.

Procurement 50

Procurement Supplier relationship management Eprocurement Supply Chain Efficiency 50

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. Delivery Conditions. Our focus here resulted in proactive reductions in lead times and delivery parameters.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

Zycus Cognitive Procurement

FEBRUARY 8, 2022

Consider yourself as a buyer with a need of some office supplies at your global headquarters; AI can assist your sourcing and procurement teams at every touchpoint in the procurement lifecycle, simplifying the buying process in the following ways-. 1 ) AI-Assisted Sourcing. 6 ) AI-Powered Invoice Processing.

Procurement 40

Procurement Real-time Visibility Contract management Bidding 40

Procurement Software

JULY 18, 2023

It’s not just about procure-to-pay (P2P) or source-to-contract (S2C applications). Source-to-Contract (S2C) 1. They provide a simple and intuitive procurement solution for source-to-contract (S2C) for small and medium-sized enterprises. eSourcing allows for sourcing planning by facilitating questionnaires and evaluations.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Arkestro

JUNE 25, 2024

With millions of line item buys happening at any given time, buyers are presently unable to keep up with the scale of operations and impact outcomes. Automating buy processes including negotiations with predictive procurement has the potential to yield massive impact in savings, efficiency, and scale.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Innovation Supply chain 52

Procurement Software

FEBRUARY 20, 2024

Apadua Apadua is a professional services sourcing software, based in Cologne, Germany. In addition, Explore uses information from Source and Monitor to update its database. Source is a safe and user-friendly guide through the RFP and awarding process. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Claritum

APRIL 5, 2019

Including stock control, sourcing events, payments and catalogues on the customer portal. The platform enables the central procurement team to manage and control the entire buying process end to end, from order (approval) to PO to issuing an invoice. ” said Prof. Transactional procurement oversight.

Strategy 32

Strategy Buying process Quality Spend management 32

Positive Purchasing

DECEMBER 6, 2023

Here is how our conversation went: We Start Where We Can Have the Greatest Impact Jonathan: ALDI is a huge retailing business with thousands upon thousands of different items, sourced from all corners of the world. With such a range of potential environmental and social risks and impacts, where on earth do you start?

Sustainability 64

Sustainability Price Supply Chain Efficiency Agile and Lean Supply Chain 64

Claritum

NOVEMBER 16, 2018

The focus should be on automating the buying process from a user/departmental perspective. The user needs to focus on the specific details of any purchase: if procurement is involved, in a direct line in the process, this will be a very inefficient purchase process. The focus should not be on automating procurement.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Zycus Cognitive Procurement

NOVEMBER 16, 2021

It enables supplier centricity and greater visibility, sustainable sourcing, innovative category management techniques and all this culminates to make it a more customer-centric organization. The magic of AI lies in its ability to analyze data, predict and draw pivotal insights in terms of decision making.

Procurement 40

Procurement Eprocurement Agile and Lean Supply Chain Supply Chain Efficiency 40

Procurement Software

OCTOBER 3, 2023

Which source of data would you go to, if you want to obtain an accurate snapshot? Enable e-procurement or guided buying Following on from intake, guiding the stakeholder to the correct buyer, or supplier catalogue, is the next step in the journey of simplifying the buying process. How many suppliers do you have?

Supplier consolidation 59

Supplier consolidation Suppliers Procurement Category management 59

Zycus Cognitive Procurement

SEPTEMBER 2, 2021

Survey conducted by strategic consulting firm ThinkStrategies found ~80% of respondents stating that integration was either highly or somewhat time consuming and therefore a top concern during SaaS buying process.

Procurement 40

Procurement Budget Cost of ownership Buying process 40

Procurement Software

MAY 30, 2023

Have you recently run an e-sourcing event for your top 10 indirect vendors’ goods or services? If they’re booked on the same day, or very close, then it points towards maverick buying. Process mining software such as Celonis and UI Path is your friend here. Good suppliers get complacent. Bad suppliers go bankrupt.

Procurement 52

Procurement Procurement team Purchase orders Contract 52

Claritum

MAY 20, 2019

The first step in automating procurement, in any organisation, is understanding the requirements of the people within your organisation who actually instigate the buying process – the users within departments throughout your organisation. They, combined with your Category Specialists, are the process experts. 1 Expertise.

Procurement 32

Procurement Real-time Visibility Eprocurement Bidding 32

Claritum

AUGUST 4, 2020

The focus should be on automating the buying process from a. details of any purchase: if procurement is involved, in a direct line in the process, this will be a very inefficient purchase process. larger percentage of their staff allocated to sourcing, supply base. It is a very. transactional environment.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Claritum

JANUARY 25, 2019

Claritum believes that most organisations with a turnover over £10m can benefit from automation of the buying process and will see a positive net gain from the investment. If your suppliers already have experience in using eProcurement technology, then you should be able to easily integrate these suppliers into your processes.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

Claritum

SEPTEMBER 1, 2020

There is a “purchasing system” and a “process”, however, there is no user-centric access to this. This is what a Buyer Portal provides – it is the user-friendly way of presenting a buying process. If you don’t have a buyer portal, then you can be sure that one of three things will happen with your users.

Eprocurement 32

Eprocurement Buyers Purchasing Purchase orders 32

HICX

JULY 4, 2022

Adam Brown , Head of Digital Garage at BT Sourced , reminds us that the core of Procurement, as a function, remains finding, attracting and signing-on suppliers, but adds, “Who retains a supplier? Naturally, it should be Procurement as well, as they have already established that relationship, and hopefully the partnership with the supplier.

Procurement 52

Procurement Chief Procurement Officer Supplier relationship management Suppliers 52