Supply Chain Game Changer

NOVEMBER 16, 2022

This article will examine the top benefits and most typical challenges with procurement automation. Benefits of Procurement Automation. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information. Cost Saving.

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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. Procurement is strategic! Now is the time for Procurement to SELL! You need to SELL what Procurement is actually doing.

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

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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Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Arkestro

JULY 4, 2022

As a result, implementing a process that effectively supports supplier diversity is a real obstacle many companies struggle with. However, there is a proven solution: predictive procurement. And there’s no better example of how predictive procurement solves the challenge of supplier diversity than Arkestro.

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Arkestro

DECEMBER 12, 2022

Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting. To combat these issues, health and pharma need supply chain visibility—all the way down the supply chain.

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Claritum

MAY 11, 2018

Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent. Do you have visibility of a global supply chain? Do you have visibility of a global supply chain?

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Procurement Software

MAY 14, 2024

Key Takeaways: Why we need Intake and Procurement Process Orchestration Streamlining of Procurement Process: Process orchestration simplifies the intricate procurement process by automating and integrating each step from intake to procurement, ensuring operational efficiency and strategic alignment with business objectives.

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Supply Chain Game Changer

APRIL 23, 2019

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. Procurement is strategic! Now is the time for Procurement to SELL! You need to SELL what Procurement is actually doing.

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

Claritum

JULY 5, 2018

“If you can measure it then you can manage it” This statement is so true in the procurement field. Whether you are focused on controlled growth or cost efficiencies, the ability to measure what is occurring in real time is essential to making decisions. Procurement needs to have real time data on the entire supply chain.

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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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Supply Chain Efficiency Management Procurement Real-time Visibility 52

Zycus Cognitive Procurement

JULY 27, 2021

Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience.

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Procurement Software

MAY 28, 2024

Procurement KPIs and procurement metrics are crucial to measure the success of streamlined procurement process. However, many KPIs in procurement have become outdated. We need to move with the times. With AI and new generations of procurement tech, an alternative set of procurement metrics are necessary.

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HICX

DECEMBER 15, 2022

And yet, the process allowed this company to be picked because it didn’t provide visibility to the procurement people about that supplier’s poor track record in the past.” . Why can’t we create a tool that connects everyone in public procurement in the U.S., Unfortunately, this can get overlooked at times.

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Procurement supply chain software solutions Real-time Visibility Suppliers 52

Procurement Software

JULY 11, 2023

No easy answer, but having some P2P automation software to reduce time and human error in both requisition-to-order and accounts payable can help. Natalia expands on this, and outlines perfectly some areas where procurement teams drive value beyond just P&L-visible cost savings. This was also something highlighted by Mathew.

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Procurement Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Empowering CPO

JUNE 30, 2023

EmpoweringCPO, as our name suggests, is committed to providing businesses with the necessary tools and intelligence to take charge of their procurement processes. It can result in stock-outs or overstock, poor quality control, and longer lead times. But how exactly do these services contribute to supply chain optimization?

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World of Procurement podcast

JUNE 15, 2021

We covered a lot of ground in this 25-minute podcast and this podcast is going to be exceptionally beneficial to you if you are currently looking at your supply chain and wondering how can we improve visibility, how can we reach our sustainability goals using our supply chains and how do we know what is in this product?

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Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. Getting Started with Environmental, Social and Governance Practices ESG leadership begins with the top but it can’t stay there if you want to make a real impact. That’s where procurement’s role becomes so crucial. Cristian Maradiaga. King Ocean.

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Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Empowering CPO

JUNE 20, 2023

At the heart of our services is the promise of ‘Empowering Chief Procurement Officers’ We understand the challenges that CPOs face in driving cost savings, ensuring supplier performance, and managing procurement risks. These examples highlight the potential risks and costs associated with ignoring tail spend.

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Empowering CPO

JUNE 27, 2023

Here are some common hurdles faced by organizations: Lack of Visibility: Without a robust spend analysis solution, organizations often struggle to gain comprehensive visibility into their spending patterns. Spend Visibility: Define the extent of spend visibility required, such as spend by category, supplier, department, or region.

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Supply Chain Game Changer

JULY 14, 2021

Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying. in 2020, according to Procurement Leaders’ CPO Planning Guide 2021” (Procurement Leaders 2021). The Yin and Yang.

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