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 83

Procurement solutions Procurement e2e Real-time Visibility 83

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. In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. from February 2020 to August 2022.

Supply Chain Efficiency 52

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

Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. Procurement technology, or procuretech, refers to software which powers these digital tools which automate and streamline procurement. 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

Supply Chain Game Changer

JULY 3, 2019

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. Subscribe Here! Email Address. Sustainability.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

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

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

Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. 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. Subscribe Here!

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Procurement Software

MARCH 11, 2022

Savings on indirect spend categories can’t usually be measured as Purchase Price Variance (PPV) against a standard or average price which can directly impact the bottom line. 5 effective tail spend management strategies and how procurement technology can help. Secondly, it also enables Procurement to free up their time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Savings on indirect spend categories can’t usually be measured as Purchase Price Variance (PPV) against a standard or average price which can directly impact the bottom line. 5 effective tail spend management strategies and how procurement technology can help. Secondly, it also enables Procurement to free up their time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. 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. What's Planergy? How to report and analyze indirect spend to identify savings opportunities.

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. The real value, however, is found when you look beyond cost savings. Streamline procurement processes: GPOs can handle the complexities of vendor management, contract negotiation, and risk management.

Purchasing 52

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

Empowering CPO

JULY 2, 2023

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. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Software

OCTOBER 10, 2023

Whereas others are more specific to the procurement and supply chain space uniquely. Remote work Younger people especially want more location and time freedom. Traditional office-based jobs such as those in procurement and supply chain are having to compete with jobs which can be done remotely. It’s a big step up.

Procurement 59

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