Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 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

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. These begin with enhanced visibility.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

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.

Spend management 172

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

Future Purchasing

OCTOBER 4, 2022

In our recently published FP Category Management Leadership Report 2021-22, 51% of respondents agreed an annual plan of category management projects with their relevant business stakeholders, compared to 39% in 2019-20. The importance of strategic alignment. There are a number of critical elements to consider.

Category management 52

Category management Collaboration Real-time Visibility Management 52

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.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

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

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

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 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

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. The best starting point for putting together a simple spend analysis is usually a mixture between: POs issued to external suppliers. It’s shockingly few. Saving just 2.5%

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. The best starting point for putting together a simple spend analysis is usually a mixture between: POs issued to external suppliers. It’s shockingly few. Saving just 2.5%

supply chain software solutions 52

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

Una

OCTOBER 11, 2022

Una leverages over $100 billion in buying power to negotiate best-price contracts with hundreds of the nation’s top suppliers. 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. The benefits?

Spend management 97

Spend management Management Purchasing Real-time Visibility 97

Spend Matters

JUNE 19, 2023

They mainly make requisitions and purchase orders to suppliers through searches in internal or external catalogs or via configurable electronic forms. E-procurement IT solutions improve process automation, increase spending under management, reduce maverick spend, improve cross-functional process/data integration (e.g.,

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

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

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. At the same time, the number of young, able-bodied construction workers has decreased by 8% over the past decade, further exacerbating the industry’s labor shortage.

Supply Chain Efficiency 52

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

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

Una

JULY 25, 2023

7 Supplier KPIs You Should Be Monitoring What are supplier KPIs? This article explores the importance of monitoring supplier KPIs and why having them in place is key for reducing costs and improving your bottom line. Every free resource is dedicated to empowering procurement to save more money, time, and effort.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Una

SEPTEMBER 22, 2022

Factors to consider when purchasing IT range from supplier reputation and cost to support, reliability, fit-for purpose, and, most importantly, data. It’s impossible to have the most current or newest application implemented at all times. Compile Supplier List. Focus on data. Be the liaison between different teams.

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. Best Supplier recommendations .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

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

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. Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment.

supply chain software solutions 52

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

Procurement Software

MAY 28, 2024

We need to move with the times. Procurement KPIs for Efficient, Customer-Centric and Digital Teams A digitally enabled procurement team must track more relevant procurement KPIs, which provide insights into spending , supplier performance and process efficiency. However, many KPIs in procurement have become outdated.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

Procurement Software

MAY 14, 2024

By embracing a strategic approach to procurement, you can streamline operations, mitigate risks, and foster stronger supplier relationships. At the same time, an effective intake process ensures that end users are able to self-serve for their more transactional buying needs.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

World of Procurement blog

MAY 10, 2024

Conducting market research : AI can scan the web to collect pricing information, identify potential suppliers, assess supplier reputations, and keep up-to-date with market and industry trends. Enhancing contract management : Natural language processing enables AI to extract key data from contracts.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

The Procuretech Podcast

SEPTEMBER 7, 2021

We kick off series 2 of The Procuretech Podcast with with a mini-series examining three different Supplier Relationship Management platforms. Why supplier performance data can't just be measured in hard KPIs. Was the company generally happy with the supplier's performance? Was quality performance acceptable?

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

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? It’s created at our suppliers. Suppliers and partners.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Supply Chain Game Changer

MARCH 28, 2020

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Instead of waiting for others to realize that now is the time for Procurement professionals to make their value and contribution known.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

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. Nor will you likely have the luxury to invest in an expensive supplier risk, market intelligence or ESG platform.

Procurement 52

Procurement Real-time Visibility Budget Procurement team 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. The best Procurement Pros do not hammer suppliers. That helps no one.

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

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. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

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. You also know that finding a great deal isn’t as easy as entering some coupon code during the checkout process or changing suppliers on a whim. What about an extra 18 or 22% savings – in multiple categories?

Purchasing 52

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

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

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