Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

supply chain software solutions 52

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

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Innovation – These are new ways for businesses to become agile and resilient through digital accelerators, automation, variable cost structures, and talent acquisition for the future. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

SCMDOJO

JULY 3, 2023

Read More: Top 10 Supply Chain Management Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. What is the category management in procurement?

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles! It’s time to air our dirty laundry.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

ivalua

JUNE 2, 2016

For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management.

Supply Chain Efficiency 113

Supply Chain Efficiency Procurement supply chain software solutions Supply chain 113

Una

JULY 6, 2022

Una does this by offering assistance on everything from supply chain management, data and analysis, education, and more. Supply Chain Management. A lot of resources can be eaten up by trying to manage the purchasing and negotiation processes with suppliers. Category Management.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Spend Matters

NOVEMBER 2, 2023

The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. During my time,” he explains, “I recognized the impact quality insights can have for the category owners and procurement as a whole. But there was a market gap.

supply chain software solutions 111

supply chain software solutions Category management Data Procurement 111

SCMDOJO

APRIL 3, 2022

Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties. These reductions are substantiated by eAuctions software providers Cimmra. It’s simple to create an auction: choose your products, invite your vendors, and start bidding!

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. With a Ph.D.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Spend Matters

JANUARY 25, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from enterprise intelligence software specialist SAP , one of Spend Matters 50 Procurement Providers to Know. I believe that the scope of procurement will not contract back to a sole focus on supply stability and cost containment.

Procurement solutions 101

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 101

Positive Purchasing

NOVEMBER 1, 2023

Going forward, I think we need to be far more entrepreneurial in our mindset as we solve the challenges of an increasingly global supply chain and diversified supply base. As I look at today’s market, I wonder who will come out on top.

Procurement 111

Procurement supply chain budgeting Category management Budget 111

Spend Matters

JANUARY 23, 2024

Recent GenAI innovations, however, have taken this a step further, opening the door to new or enhanced possibilities. We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.” A second, more directed impact is predictive analytics.

Category management 95

Category management Data supply chain software solutions Procurement 95

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Software

MAY 23, 2023

Very few CEOs come from Procurement or Supply Chain. In a world of hyper connectivity created by rampant globalisation, Apple had shown itself to be a master of procurement, working with suppliers around the world to create the highest quality and most innovative products, all for the best price.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. Note, don’t just implement tools from your ERP system which Finance most often dictates, just because its part of the software suite. Finally, my favourite; Innovation! What, you say, Procurement can drive innovation? appeared first on Supply Chain Game Changer™.

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

The Procuretech Podcast

FEBRUARY 22, 2022

Anne-Sophie Le Bloas, Founder and CEO of Ravacan, experienced in both her native Europe and also in the US, that there wasn't much innovation out there when it came to leveraging digital tools to manage direct materials spend, and set out to remedy this. Is it hard to get conversations with innovators and change agents?

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Supply chain Innovation 40

Barkers Procurement

MARCH 26, 2023

You’re likely keen to cut costs, and a look at spending across the supply chain is one obvious way to do it, which can lead to significant savings. It’s essential for there to be clear communication between the top level management of the company and everyone involved in procurement.

Procurement 52

Procurement Purchase orders Supply Chain Efficiency supply chain software solutions 52

Procurement Templates

JANUARY 17, 2024

Demand management embedded within the procurement process. How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. Computer software programs act as lasting assets.

Demand 130

Demand Management Buyers Purchasing 130

The Procuretech Podcast

JUNE 28, 2022

As an example, he asks us to imagine an engineering company: It may have relatively few engineers in-house, but imagine every engineer in that company’s supply chain, all the way down the tiers… It’s a huge number of people that could be coming up with great ideas for that company. I say this is all very well and good in theory.

Sourcing 52

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

Claritum

NOVEMBER 16, 2018

The following diagram shows the relationships that should exist between suppliers, users and Category Managers. The areas that they focus on will to some extent depend on the nature of your business, however there are some common areas of strategic focus and development of plans: Analysing and quantifying value chains.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Procurement Software

MARCH 11, 2022

But the valuable contribution that Category Managers responsible for indirect spend make to the business often comes through cost avoidance, or the successful deferral of a contractual price increase or inflationary commodity prices. The easy answer is that financial analysts and controllers are numbers people.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

But the valuable contribution that Category Managers responsible for indirect spend make to the business often comes through cost avoidance, or the successful deferral of a contractual price increase or inflationary commodity prices. The easy answer is that financial analysts and controllers are numbers people.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

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

Zycus Cognitive Procurement

NOVEMBER 16, 2021

Organizations are looking to CPOs to take on broader and deeper strategic initiatives to create a future proof supply chain. So, apart from cost savings, there are several other goals like innovation, digital transformation, sustainability that have become part of CPO’s agenda. What Covid-19 did to firms globally is no secret.

Procurement 40

Procurement Eprocurement Agile and Lean Supply Chain Supply Chain Efficiency 40

Empowering CPO

JULY 2, 2023

As companies grapple with economic uncertainties and rapidly evolving market dynamics, the focus is shifting from mere cost-cutting to strategic cost management. In this context, Managed Procurement Services offer an effective path to achieve this objective, leveraging innovation, process efficiency, and expert insights.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Una

APRIL 9, 2024

looking for innovative ways to reduce costs for your business. Additional benefits of partnering with a GPO include: Supply chain management assistance: GPOs provide valuable cost-avoidance solutions when trying to manage the purchasing and negotiation process with suppliers.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Claritum

AUGUST 4, 2020

The following diagram shows the relationships that should exist between suppliers, users and Category Managers. and development of plans: Analysing and quantifying value chains. Supply chain optimisation. Securing competitive suppliers for Indirect Spend categories. Risk management and governance.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Procurement Software

JANUARY 16, 2024

When that happens, inevitably these category strategies rarely see the light of day. Was it really worth Procurement Category Managers spending weeks fiddling around in Power Point for prized strategies to just sit on a siloed SharePoint site? It must be innovative, edgy, pushing boundaries.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

World of Procurement blog

MAY 10, 2024

Natural language processing can analyze invoice line item descriptions and automatically determine the appropriate category. This enables more strategic category management, highlighting categories with excessive spend or frequent maverick buying. This improves compliance and reduces contractual risks.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Spend Matters

NOVEMBER 12, 2024

As part of our Q4 research into supplier risk, third-party and supply-chain risk management (TPRM/SCRM) and the solutions that support it, we have not only conducted analyst- and market-led research in the shape of analyses, advisory, definitions and webinars.

Risk management 114

Risk management Risk Supplier relationship management Management 114