Supply Chain Game Changer

APRIL 7, 2020

In the midst of the Coronavirus pandemic the need for complete, end to end Supply Chain visibility has never been more important! The necessity for visibility started with store shelves being emptied of toilet paper , food, and various household items. Supply Chain visibility and the Digital Supply Chain has never been more important!

Supply Chain Visibility 88

Supply Chain Visibility e2e Real-time Visibility supply chain software solutions 88

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

SCMDOJO

FEBRUARY 5, 2025

Real-World Focus: SCMDOJO courses often incorporate real-world case studies, expert interviews, and practical exercises, ensuring that you gain relevant and applicable knowledge. The interactive approach caters to learners who want to develop practical skills and gain real-world insights.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

Procurement Tactics

DECEMBER 6, 2022

What is Spend Management? In the past, many businesses relied on tools like spreadsheets to manage their spending. However, these manual processes are ineffective and cost a lot of effort, time, and money. Spend management refers to the management and the continuous improvement of the company’s spending.

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Spend management Management Real-time Visibility Budget 172

ivalua

MARCH 28, 2019

The huge growth in the use of technology has been the most visible part of that developing picture. Outside the technology field, we have also seen “science” come to the fore in terms of codifying processes such as Category Management.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Spend Matters

DECEMBER 21, 2023

Today, for procurement organizations too, applying an AI-first approach has become imperative, especially in the source-to-pay process. Generative AI, in particular, offers transformative potential in optimizing source-to-pay processes. And the maximum value can be extracted from these new tools through strategic integration.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

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. Benefits of a Group Purchasing Organization.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

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. from February 2020 to August 2022.

Supply Chain Efficiency 52

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

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. Creating a procurement centre of excellence.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

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.

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Procurement Express

DECEMBER 31, 2024

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. Direct vs. Indirect Spend Types of Indirect Spend Categories What’s Behind This Disconnect? What Happens When Indirect Spend Isnt Managed? The list goes on.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? Sustainability is created at the source of our products, services, and consumption.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

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 Suppliers 86

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. On the one hand, suites which cover spend analysis alongside other procure-to-pay or source-to-contract functionality are packaged as part of an all-in-one offering. Saving just 2.5% All-in-one Suites.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. On the one hand, suites which cover spend analysis alongside other procure-to-pay or source-to-contract functionality are packaged as part of an all-in-one offering. Saving just 2.5% All-in-one Suites.

supply chain software solutions 52

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

Procurement Heads

JULY 19, 2023

Our organisation is up and running, we have Category Managers, and we have regional teams. Our Coupa Supplier Portal is now running 55% of our group spend and by the summer it will be up to 75%, that is three part – source to contract, information model and the procure to pay. It is not for the faint-hearted!

Real-time Visibility 130

Real-time Visibility Import Procurement Sustainability 130

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. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. MOQ, Safety Stock) Performance (quality, delivery, responsiveness) Inventory positioning (eg.

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

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

Spend Matters

JUNE 19, 2023

E-procurement IT solutions improve process automation, increase spending under management, reduce maverick spend, improve cross-functional process/data integration (e.g., budget compliance and inventory availability), enable effective spend, preferred supplier and category management.

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

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. Procurement embodies purchasing across a wide range of categories. It’s impossible to have the most current or newest application implemented at all times.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Spend Matters

OCTOBER 17, 2024

These start-ups are taking technology further than most to address problems not previously solved, or are introducing a new category of automation that tackles new challenges in interesting ways. 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

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. The role of sourcing is the same, no matter who your CPO’s boss is, right?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

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. Despite these advantages, procurement teams often resist adopting e-auctions and e-sourcing tools.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 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

World of Procurement blog

MAY 10, 2024

This supports strategic sourcing efforts. This maximizes value from sourcing partnerships. Enhancing contract management : Natural language processing enables AI to extract key data from contracts. This enables more strategic category management, highlighting categories with excessive spend or frequent maverick buying.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Zycus Cognitive Procurement

DECEMBER 7, 2020

Additionally, saving objectives need to be carefully set after analyzing past spend across categories, baseline, profit, and revenue targets, and other external factors. Savings Targets- Embarking the Sourcing Journey. Some examples are – Category. Category manager. Category Managers.

Real-time Visibility 40

Real-time Visibility Management Procurement Category management 40

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

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

Procurement Software

OCTOBER 1, 2024

Yes, there was some sourcing and supplier management involved as part of the team’s activity. 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.

Procurement 52

Procurement Procurement team Real-time Visibility Influencing 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. Does the category approach fit?

Raw materials 52

Raw materials Import Supplier relationship management Real-time Visibility 52

Claritum

JULY 11, 2018

To make effective decisions about indirect spend, it is important to understand the scope and breadth of the category – visibility. This requires a deep dive into the data relating to the category in order to be able to fully understand the category and make effective decisions relating to the category.

Real-time Visibility 36

Real-time Visibility Category management Purchasing Contract 36

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

Claritum

JULY 11, 2018

To make effective decisions, It is important within any spend category to understand the scope and breadth of the category – visibility. This requires a deep dive into the data relating to the category in order to be able to fully understand the category and make effective decisions relating to the Category.

Real-time Visibility 32

Real-time Visibility Category management Purchasing Contract 32

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. Group purchasing works best when optimizing indirect procurement categories as these are often left unmanaged and not part of a company’s more strategic, direct spend amounts.

Purchasing 52

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

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

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. Procurement People It’s Time to Sell Yourselves!

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

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