Procurement Software

JANUARY 26, 2025

Increasing inflationary cost pressures, more supply chain disruptions, and the imperative for more transparency to satisfy Corporate Social Resposibilty (CSR) directives, or recent legislation in countries like Germany and Norway. Category Managers will be freed up to spend more time on execution rather than data gathering.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Category management Agile and Lean Supply Chain 52

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. It goes beyond the concepts found in textbooks by providing real-world examples and useful advice.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Digitalization also fosters greater agility in supplier management.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 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. Thus, it generates the following insights: Visibility of the company’s impacts across all categories. Accountability of category managers and suppliers as the core drivers of impact.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Una

JULY 6, 2022

GPOs also bring balance to the negotiating equation because they already have relationships and contracts in place with vendors and suppliers. Una does this by offering assistance on everything from supply chain management, data and analysis, education, and more. Supply Chain Management.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Procurement Software

MAY 21, 2024

Will AI replace procurement professionals in negotiations? But, this then begs the question, what about negotiation? Could AI replace the need for procurement professionals in negotiations? AI, procurement and supplier negotiations: where is this going? This technology will be a point solution. But, not so fast.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Procurement Software

MARCH 16, 2025

They can make informed decisions, negotiate more effectively, and identify cost-saving opportunities faster. You know that you shouldnt be paying Category Managers and Strategic Sourcing Managers their salaries to spend a third of their day on non-value-added tasks , but we all know it happens!

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

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 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

Spend Matters

APRIL 4, 2024

Pere Sivecas , Spend Matters Development PM and Software Architect, has compiled a four-part video series that covers the basics you need to know, the first two of which are free while parts three and four require a basic Insider subscription.

Procurement 110

Procurement Raw materials Risk management supply chain software solutions 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

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. Fairmarkit and Pactum spring to mind.

Procurement 111

Procurement supply chain budgeting Category management Budget 111

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. Admin staff might be responsible for ordering office supplies. Facilities management : Maintenance, cleaning, and security services. The list goes on.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

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

Una

JULY 19, 2023

Julia has over 25 years of experience across all indirect spend categories, managed and outsourced services, with a focus on negotiations for software, cloud services, and professional services. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Julia Braun.

Management 52

Management supply chain software solutions Category management Sourcing 52

The Procuretech Podcast

JULY 11, 2023

Transition from in-person negotiation to digital transformation. Sustainability, supply chain risk, digital transformation and visibility. 24:07 What’s going to replace category management in this digital world? Category management is the first step. Adoption of category management is still early.

Purchasing 40

Purchasing Category management Procurement supply chain budgeting 40

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

JULY 4, 2023

Procurement technology, or procuretech, refers to software which powers these digital tools which automate and streamline procurement. Software can be used to not only assist procurement teams to automate manual processes such as data entry, document processing and vendor communication. What is procurement tech?

Supply Chain Efficiency 52

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

Supply Chain Game Changer

MARCH 13, 2020

Subscribe to Supply Chain Game Changer. If you can increase spend levels through centralized spend aggregation across entities then you increase your leverage in negotiations. But to be able to get these benefits you need the formal and informal authority to negotiate against all of that spend. Subscribe Here!

Procurement 60

Procurement Negotiation supply chain software solutions Procurement team 60

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. Let’s look at each one separately.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Software

MARCH 11, 2022

A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories. Examples such as IT infrastructure, facilities management, machinery & equipment capex.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories. Examples such as IT infrastructure, facilities management, machinery & equipment capex.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

OCTOBER 10, 2023

Whereas others are more specific to the procurement and supply chain space uniquely. Traditional office-based jobs such as those in procurement and supply chain are having to compete with jobs which can be done remotely. Or, even better, automated and digitised by using procurement software.

Procurement 59

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

World of Procurement blog

JULY 27, 2021

We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. You’ll also notice that Procurement is often talked about as part of the Supply Chain.

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 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

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

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Category Management Procurement. Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

EazyStock

MARCH 14, 2023

With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner. Eliminate unnecessary inventory costs and reduce inventory values All companies have different conditions (and challenges), and there’s no one-size-fits-all solution.

Strategy 52

Strategy Supply Chain Optimization Inventory supply chain software solutions 52

Supply Chain Game Changer

AUGUST 15, 2019

Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. Article written for Supply Chain Game Changer by, and permission to publish here provided by, Tyler Brown. This can also help you manage risks to your business. Subscribe Here!

Suppliers 58

Suppliers supply chain software solutions Supply Chain Efficiency Supplier relationship management 58

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

Una

APRIL 9, 2024

As a group purchasing organization, Una leverages the collective buying power of our members to negotiate favorable contracts with suppliers. Streamline procurement processes: GPOs can handle the complexities of vendor management, contract negotiation, and risk management. It’s merely one piece of the puzzle.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 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

Procurement Software

JANUARY 16, 2024

They run some successful tenders and negotiations, and they perennially deliver their annual cost savings targets to the business. From the CEO or CFO’s office, it may appear that everything seems to be under control and well managed. When that happens, inevitably these category strategies rarely see the light of day.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

Planergy

JANUARY 12, 2023

As a procurement professional, you know how important it is to have a reliable and cost-effective supply chain. One way to ensure that your supply chain runs smoothly is by utilizing supplier tiering. Supplier tiering also helps reduce costs by eliminating inefficient or unnecessary processes in the supply chain.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52