Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. GPOs also bring balance to the negotiating equation because they already have relationships and contracts in place with vendors and suppliers. Supply Chain Management. Savings and beyond. Partner in Procurement.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Una

OCTOBER 11, 2022

The answer is no secret: the steepest discounts exist in the most popular categories with the biggest volumes of purchasing. Una leverages over $100 billion in buying power to negotiate best-price contracts with hundreds of the nation’s top suppliers. Top category savings to amplify your business spend management strategies.

Spend management 97

Spend management Management Purchasing Real-time Visibility 97

Procurement Leaders

JUNE 1, 2022

Excluded from planning meetings and strategic decisions, and with a team lacking the knowledge and relationships to drive real change, procurement was extremely decentralised, in control of just 30% of global spending and focused mostly on tactical, transactional activities.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

SCMDOJO

AUGUST 16, 2023

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Supply Chain Efficiency 98

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

Procurement Express

DECEMBER 31, 2024

Procurement managers are pros when it comes to negotiating deals down to the penny, working closely with suppliers to secure terms that place them at a strategic advantage. In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

IBM Supply Chain Blog

JANUARY 23, 2024

Procurement departments tend to be less visible to many stakeholders than sales, operations or even finance departments, but the impact they have on everything from the bottom line to product quality and service delivery shouldn’t be overlooked, which is why “procurement excellence” is a worthy pursuit.

Procurement 86

Procurement Real-time Visibility Contract Procurement team 86

Procurement Heads

JULY 19, 2023

Our organisation is up and running, we have Category Managers, and we have regional teams. We have an amazing analytics dashboard, which gives us visibility on spend and suppliers’ contract duration, supplying really important insight. It is a non-negotiable in my mind. It is not for the faint-hearted!

Real-time Visibility 130

Real-time Visibility Import Sustainability Procurement 130

Una

SEPTEMBER 22, 2022

The procurement process involves strategy, research, negotiation, and implementation to ensure your company is running efficiently and cost-effectively. It’s impossible to have the most current or newest application implemented at all times. Take a peek at what you’ll find: In This Guide: What is IT Procurement?

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Una

JULY 25, 2023

The first three KPIs we suggest every procurement team should monitor are: Defect rates Lead time Contract compliance Can you guess what the other four KPIs will be? Every free resource is dedicated to empowering procurement to save more money, time, and effort. Read the article to find out.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.

supply chain software solutions 52

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

Zycus Cognitive Procurement

DECEMBER 7, 2020

Some examples are – Category. Category manager. Selected parameters have to work in synergy (combination) to achieve real savings. Type of savings targets – Potential, Realized, Negotiated, and Actual. Hence, it requires advanced savings target management. Category Managers.

Real-time Visibility 40

Real-time Visibility Management Procurement Category management 40

Supply Chain Game Changer

AUGUST 30, 2022

In my experience Total Cost of Ownership ( TCO or TCOO) models typically include some combination of the following elements: Unit price (Always the first item) Takedown rate performance Payment terms Freight and Logistics terms and transfer of ownership Lead times (order, delivery, replenishment) Other Parameters (eg.

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

Procurement Software

MAY 28, 2024

We need to move with the times. While traditional metrics such as cost savings, procurement cycle time, and supplier lead times are vital, they don’t touch on the softer metrics of a successful procurement team. It’s not the same as progression into managing of a team of junior level, operational team members.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

Supply Chain Game Changer

MARCH 28, 2020

Instead of waiting for others to realize that now is the time for Procurement professionals to make their value and contribution known. Now is the time for Procurement to SELL! Now I would never advocate selling something that isn’t real. Well here’s some news. Procurement is strategic! Procurement 101.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

World of Procurement blog

MAY 10, 2024

Spend Analysis and Classification with AI AI and machine learning are transforming spend analysis and classification, providing procurement teams with unprecedented visibility into organizational spending. One of the biggest challenges in procurement has been gaining visibility into exactly where money is being spent across the organization.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Software

MAY 14, 2024

Enhanced Efficiency and Visibility: By adopting process orchestration tools and platforms, businesses gain real-time insights and control over their procurement activities, facilitating quicker decision-making and improved risk management. Modern process orchestration software is designed with the end-user in mind.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Procurement Software

OCTOBER 1, 2024

These applications usually also have shorter implementation times, and therefore, faster ROI. The easiest way you’re going to ditch the administrative label of procurement is by freeing up time and resources. They’re often brought in to digitise and automate the more tactical purchasing and buying tasks.

Procurement 52

Procurement Procurement team Influencing Real-time Visibility 52

Supply Chain Game Changer

DECEMBER 3, 2019

If we had this level of synchronization we would be aligned when it came time to develop our attack plan. Organizationally I learned that while there was one person responsible for Inventory performance tracking this person was not given a lot of time by the Executive team. After all we were in this together.

Inventory 56

Inventory Supply Chain Optimization Supply chain Supply 56

Procurement Software

OCTOBER 10, 2023

Remote work Younger people especially want more location and time freedom. However, most roles, at least anecdotally from the job boards I occasionally look at, are at best hybrid or at worst full-time office based. People are leaving the profession Burnout is real. Yes, in-person time is vital. It’s a big step up.

Procurement 59

Procurement Real-time Visibility supply chain software solutions Category management 59

Una

APRIL 9, 2024

It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. As a group purchasing organization, Una leverages the collective buying power of our members to negotiate favorable contracts with suppliers. The real value, however, is found when you look beyond cost savings.

Purchasing 52

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

Procurement Software

AUGUST 20, 2024

The reality though is that many of them are spending a disproportionate amount of time on tactical work and firefighting day-to-day operational purchasing issues. Let’s be real. Spend classification , on the other hand, can directly drive strategic sourcing events and negotiations which deliver tangible savings.

Procurement 52

Procurement Real-time Visibility Budget Procurement team 52

Empowering CPO

JULY 2, 2023

This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships. In essence, it’s a critical business function that ensures the right goods and services are available at the right time, in the right quantities, at the right price.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. It can also provide real-time data and analytics. OCR also enhances customer experience by simplifying access to data, improving response times, and streamlining workflow.

Supply Chain Efficiency 52

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

Empowering CPO

JUNE 30, 2023

Understanding Managed Procurement Services At the very core, Managed Procurement Services involves the strategic delegation of procurement activities to a specialized third-party service provider. It can result in stock-outs or overstock, poor quality control, and longer lead times. But what exactly does it entail?

Supply Chain Optimization 52

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

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

FEBRUARY 5, 2020

There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Too often companies will underestimate the leadership and experience needed to lead and manage a successful Procurement Transformation. Failure To Hire the Right Leader For the Job.

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Procurement Software

MARCH 11, 2022

These are the spend categories that they typically understand best. What many companies don’t realise though is that direct materials have been negotiated to death. These categories can no longer yield the 3% year-over-year savings. Old school, pure-play price negotiations don’t work, especially in an inflationary market.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

These are the spend categories that they typically understand best. What many companies don’t realise though is that direct materials have been negotiated to death. These categories can no longer yield the 3% year-over-year savings. Old school, pure-play price negotiations don’t work, especially in an inflationary market.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Insights

APRIL 8, 2025

Why They Champion It : Their operating system supports autonomous decision-making across procurement ecosystems, enabling real-time collaboration between suppliers, buyers, and logistics partners. Key Strength : Their GenAI-powered platform enhances visibility and efficiency, critical for multi-enterprise collaboration.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 52