Procurement Tactics

DECEMBER 6, 2022

33 Procurement Interview Questions in 2022. Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. Challenges in Managing Spending.

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Spend management Management Real-time Visibility Budget 172

Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. These four steps constitute the downstream procure-to-pay part of the process. Any organization that manages procurement at scale can benefit from digitally transforming its source-to-pay (S2P) process.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Leaders

JUNE 1, 2022

Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. Delivering on these ambitious goals required the team to implement a dramatic overhaul of the procurement function that would bolster its capabilities and help cement a new relationship with the wider organisation.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Spend Matters

DECEMBER 21, 2023

Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and services providers in the market. Today, for procurement organizations too, applying an AI-first approach has become imperative, especially in the source-to-pay process.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

Future Purchasing

OCTOBER 4, 2022

Developing a pipeline of category projects should be a collaborative and creative process. Too often Procurement works in isolation when deciding what category projects to work on. Procurement teams clearly appreciate why strategic alignment planning activity is such an important activity.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Jaggaer

OCTOBER 24, 2024

In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible. Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

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.

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Procurement Real-time Visibility Contract Suppliers 86

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Xavier Olivera looks at E-Procurement. In this article, our analyst Xavier Olivera looks at E-Procurement. What does an E-Procurement solution do?

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Implementation of new supply structure Track results and restart assessment This model has essentially stood the test of time.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. The real value, however, and where you’ll truly benefit from working with a group purchasing organization like Una, lies beyond the initial cost savings. Supply Chain Management. Savings and beyond.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Una

SEPTEMBER 22, 2022

Ultimate Guide to IT Procurement. A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. Comprehensive Guide to IT Procurement. Procurement embodies purchasing across a wide range of categories.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. MOQ, Safety Stock) Performance (quality, delivery, responsiveness) Inventory positioning (eg. However outsourcing to low cost geographies result in incurring many other costs, which are not as visible as unit price.

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Cost of ownership Supply Chain Optimization Procurement Price 103

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. However, these strategies often only account for direct procurement or the purchases associated with the products a company sells. The list goes on.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Procurement Heads

JULY 19, 2023

For our latest CPO Spotlight, Stephen spoke with Sagar Bhardwaj , Head of Practice – Consumer, about what has changed for him professionally since he last spoke with Procurement Heads. Our organisation is up and running, we have Category Managers, and we have regional teams. It is not for the faint-hearted! Unbelievably.

Real-time Visibility 130

Real-time Visibility Import Procurement Sustainability 130

Procurement Software

MARCH 11, 2022

Some of the advantages that procurement analytics software can provide. No clear understanding of the extent of maverick spend – i.e. the % of total spend which is not being managed by a procurement professional. It’s not easy for a procurement manager to do a spend analysis from scratch. But this is a good start.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

Some of the advantages that procurement analytics software can provide. No clear understanding of the extent of maverick spend – i.e. the % of total spend which is not being managed by a procurement professional. It’s not easy for a procurement manager to do a spend analysis from scratch. But this is a good start.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MAY 14, 2024

Intake and procurement process orchestration is all about managing stakeholders as they navigate through the procurement process. Procurement is an intricate operation, with many moving parts and stakeholders, each playing a critical role in the harmony of your business operations. But, it’s way more than that.

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Procurement Real-time Visibility e2e Chief Procurement Officer 52

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. What Procurement Challenges Do Construction Companies Face?

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer?

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Una

JULY 25, 2023

5 of the Most-Read Procurement Articles Don’t miss the five most-read procurement articles on Unaversity, Una’s online resource center dedicated to empowering procurement. As a procurement leader, it’s your responsibility to continue monitoring and upholding your suppliers’ performance. What’s in it for us?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Procurement Software

MAY 28, 2024

Procurement KPIs and procurement metrics are crucial to measure the success of streamlined procurement process. However, many KPIs in procurement have become outdated. We need to move with the times. With AI and new generations of procurement tech, an alternative set of procurement metrics are necessary.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

Spend Matters

OCTOBER 17, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices.

Buyers 110

Buyers Real-time Visibility Sustainability Data 110

Procurement Software

OCTOBER 1, 2024

The year I first tasted procurement. Procurement, or purchasing as it was usually called back then, was definitely a back office function. Yes, there was some sourcing and supplier management involved as part of the team’s activity. Why does Procurement get labelled as a back office function? Fast forward 25 years.

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Procurement Procurement team Influencing Real-time Visibility 52

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

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Software

OCTOBER 10, 2023

” The War for Talent and its impact on Procurement However, the task of getting these exceptional individuals on board is becoming increasingly challenging. There is an ongoing battle to secure top talent in procurement. Why is there specifically a war for talent in procurement? What does the war for talent mean?

Procurement 59

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

Una

OCTOBER 11, 2022

Our team is dedicated to empowering procurement and technology professionals to make the best sourcing decisions for their organizations while saving money, time, and effort. As a horizontal GPO , Una leverages our buying power in categories that are commonly purchased by nearly every business. Technology. The benefits?

Spend management 97

Spend management Management Purchasing Real-time Visibility 97

Procurement Software

AUGUST 20, 2024

Digital procurement tools – there are literally hundreds of them out there now. I’m not going to suggest you go out and buy a specific brand of software, but rather I focus instead on the categories of tech and what order of priority I would put each of them in. Especially if Procurement as a function itself is still quite greenfield.

Procurement 52

Procurement Real-time Visibility Budget Procurement team 52

Zycus Cognitive Procurement

DECEMBER 7, 2020

Savings target management is the need of the hour. The golden KPI for all procurement teams is savings. Some examples are – Category. Category manager. Selected parameters have to work in synergy (combination) to achieve real savings. Category Managers. Category and commodity savings.

Real-time Visibility 40

Real-time Visibility Management Procurement Category management 40

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. You have to know what you’re spending your money on before you can start to transform your procurement operations. To do this quickly and efficiently, spend analytics software is your best friend.

supply chain software solutions 52

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

Empowering CPO

JUNE 14, 2023

Brief Overview of Procurement Welcome to our deep dive into the world of procurement. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. This is especially true in procurement, where the landscape is rapidly evolving. Understanding Procurement A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Software

JULY 4, 2023

Digital procurement tools offer buying teams a once-in-a-generation opportunity. What is digital procurement? Digital procurement is a process where technology is used to streamline the procurement process, both operational and strategic. What is procurement tech? It can also provide real-time data and analytics.

Supply Chain Efficiency 52

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

Empowering CPO

JUNE 30, 2023

At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services. As the name suggests, Managed Procurement Services involves the strategic outsourcing of procurement processes to expert providers.

Supply Chain Optimization 52

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

Planergy

JANUARY 18, 2024

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

The Procuretech Podcast

SEPTEMBER 7, 2021

Lars begins by explaining how he came to set up LeanLinking following a successful career in procurement as a Regional Category Manager for a pan-European hardware retailer. Most large companies don't have good supplier performance data outside of the standard on-time-in-full (OTIF) measurements.

Raw materials 52

Raw materials Import Supplier relationship management Category management 52

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40