Jaggaer

FEBRUARY 20, 2025

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. Rather than treat procurement as a series of disparate tasks, global organizations in all sectors implement efficiency across the source-to-pay journey.

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Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.

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Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

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Procurement Heads

JUNE 28, 2022

According to Raconteur’s report in The Sunday Times on the Future of Supply Chain & Procurement, constant problems in the supply chain have proved a real headache for many businesses over the past two years. We asked some of the procurement leaders in our network their thoughts.

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Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Real-time data and analytics. Email Address.

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Procurement Insights

OCTOBER 8, 2024

” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for Chief Procurement Officers in 2025?” What are the Top 3 concerns for Chief Procurement Officers in 2025? What are the Top 3 concerns for Chief Procurement Officers in 2023?

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Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. In 2021, procurement organizations will require inspirational, innovative, and pragmatic leaders to ensure procurement excellence. Top-performing procurement teams often have strong category expertise and have well-segmented supplier bases in order to power procurement agility.

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Supply Chain Game Changer

OCTOBER 28, 2021

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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Planergy

JULY 5, 2022

ESG In Supply Chain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. That’s where procurement’s role becomes so crucial.

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Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction.

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Slimstock

MARCH 26, 2019

This might seem like a simple and obvious way to improve your procurement operations, but maintaining a positive supplier-buyer relationship is a vital component in ensuring good delivery, service, and quality. An in-depth understanding of quantitative data is essential for making the best financial decisions for your company.

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Jaggaer

DECEMBER 13, 2024

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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NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.

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Arkestro

MAY 9, 2023

Resources / Blog / What CPOs Need to Know About Predictive Procurement Orchestration What CPOs Need to Know About Predictive Procurement Orchestration The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization.

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Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. This blog will cover the current challenges facing CFOs and procurement teams and several strategies that can be implemented to drive cost savings and increase efficiency.

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Procurement Software

NOVEMBER 21, 2022

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. billion in 2021 to USD 8.0

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Arkestro

JULY 4, 2022

A more diverse supply chain is also a more resilient supply chain. The model looks at historical data to understand how much volume any supplier can handle at any given time and whether that supplier is diverse or not. Box Uses Arkestro to Establish a Diverse and Inclusive Supply Chain: A Case Study.

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Supply Chain Game Changer

NOVEMBER 13, 2018

The process of strategic sourcing starts with spends analysis and category management, which identifies, consolidates and standardises information from a wide range of data sources. The Evolution of Procurement’s Value Proposition. Are we witnessing the dawn of a big shift in the way strategic procurement is done?

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Procurement Software

JUNE 25, 2024

Look for inefficiencies such as manual data entry, lengthy approval cycles, or frequent errors in order processing. Analyse Spend Data Whether you have a spend analytics tool , or are dependent on using a spreadsheet dump of your ERP data, you must first analyse spend data. Will CPOs evolve into Chief Value Officers?

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Zycus Cognitive Procurement

SEPTEMBER 28, 2022

Once upon a time, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on his instinct, which is simply based on years of distilled experience. Data-driven procurement can help leaders keep up pace with the much-needed agility. 96% of the leaders believe that this a long-term trend.

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Arkestro

DECEMBER 12, 2022

Procurement professionals of all types face a challenging and dynamic work environment. The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Supply Chain Visibility. Managing Supplier Relationships.

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SupplyShift

JUNE 19, 2019

The next-level security, transparency, and efficiency of blockchain technology will redefine many industries and business processes, especially those dealing with transactional data. It’s no surprise, then, that blockchain has created a buzz in the supply chain management industry.

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SupplyShift

JUNE 19, 2019

The next-level security, transparency, and efficiency of blockchain technology will redefine many industries and business processes, especially those dealing with transactional data. It’s no surprise, then, that blockchain has created a buzz in the supply chain management industry. The Blockchain in Action — Walmart’s Mangoes.

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Procurement Software

JULY 11, 2023

Operations and accounting are three disparate parts of organizations that are simply not equipped to efficiently share information and work together so that individual expenses are optimally managed. Which brings us back to that old chestnut, data. Having clean data , accessible to everyone, is an essential, non-negotiable foundation.

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Empowering CPO

JULY 5, 2023

Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services. Our goal is to empower Chief Procurement Officers (CPOs) and their teams by providing a suite of comprehensive managed procurement services.

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Empowering CPO

JUNE 27, 2023

One crucial aspect of procurement is gaining insights into spending patterns and optimizing expenditures. Spend analysis is the process of collecting, cleansing, classifying, and analyzing an organization’s spend data to gain valuable insights. This is where spend analysis comes into the picture.

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Empowering CPO

JUNE 20, 2023

But don’t be fooled by their size – when accumulated, these costs can form a substantial part of a company’s expenditure, and a large number of suppliers can add complexity and risk to the supply chain. While tail spend is often neglected, it holds a gold mine of untapped savings opportunities.

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Procurement Insights

SEPTEMBER 11, 2024

Like 1Reply Vera Rozanova MBA, MCIPS Chartered, MEng (Hons)CPO-Chief Procurement Officer | Procurement Director | Supply Chain | Invited Lecturer | Author | Business Trainer | Transformation 2h Jon W. Hansen One of the key criteria for procurement when selecting an IT provider is their client base.

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Arkestro

OCTOBER 4, 2022

Last Spring, Arkestro, the leading Predictive Procurement Orchestration platform, held Optimal: The Leadership Summit for Predictive Procurement. If you missed the spring Optimal conference in New York or Optimal ’21 , now is your chance to attend Optimal ’22 Las Vegas , the best procurement event of the year!

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Pipefy

DECEMBER 18, 2023

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. The urgency around IT and developer shortages.

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Procurement Insights

FEBRUARY 22, 2025

ProcureTech Investments: Market Growth: The procurement software market was valued at $8.65 thebusinessresearchcompany.com Adoption Rates: A significant majority (83%) of Chief Procurement Officers have prioritized digitizing their procurement processes, underscoring the growing emphasis on ProcureTech solutions.

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Procurement Insights

FEBRUARY 26, 2025

” The concept of “strand commonality” in procurement is not widely recognized as a standard term in mainstream procurement literature, but based on available discussions, it appears to have been first articulated by Jon W. They likely involved a mix of predictive analytics and optimization techniques.

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