Remove Chief Procurement Officer Remove Contract management Remove Supply Chain Optimization
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Körber strengthens strategic and operational procurement with Ivalua and OptiBuy

ivalua

Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. The close cooperation between supply chain management and internal stakeholders as well as external partners made a major contribution to this. The goal was to increase efficiency across the Group’s Business Areas.

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What is Source to Pay? Steps, Benefits, and Best Practices

Jaggaer

The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods. And if your organization is big enough to need a Chief Procurement Officer , that person is directly or indirectly responsible for every stage of that journey.

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Source-to-Pay Digital Transformation: Roadmap for Efficiency and Resilience

Jaggaer

These four steps constitute the upstream source-to-contract part of the process. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Digitalization also fosters greater agility in supplier management.

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The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Dirty Little Secret #1.

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The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay

Jaggaer

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.

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Why Procuretech has Immense Potential to Grow

Procurement Software

In the latest years, the need for digital procurement tools has arisen as businesses have entered a more rapid digital transformation process. The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supply chain disruption.

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A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles. Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships.