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.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. This article will examine the top benefits and most typical challenges with procurement automation. Benefits of Procurement Automation. Real-time data and analytics.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Arkestro

JULY 4, 2022

Supplier diversity is increasingly being recognized as a critical objective for procurement. From a societal viewpoint, organizations that achieve supplier diversity help address inequality and social injustice. While supplier diversity has many indisputable benefits, it is also easier said than done.

Suppliers 52

Suppliers Procurement Real-time Visibility Chief Procurement Officer 52

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.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

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! Procurement 101. Advanced Procurement.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Arkestro

DECEMBER 12, 2022

Here are some challenges in health and pharma procurement—and how to overcome them. Limited Supplier Network. Relying on a limited number of suppliers can lead to back-orders and other delays. Supply Chain Visibility. Supply chain visibility is another critical issue. Managing Supplier Relationships.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Procurement Software

MAY 14, 2024

By embracing a strategic approach to procurement, you can streamline operations, mitigate risks, and foster stronger supplier relationships. This elevates your procurement function beyond a tactical, reactive organisation and transforms it into a pivotal driver of business value.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

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! Procurement 101. Advanced Procurement.

Procurement 50

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

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? Supply chain visibility is poor. %.

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

Empowering CPO

JULY 5, 2023

Our goal is to empower Chief Procurement Officers (CPOs) and their teams by providing a suite of comprehensive managed procurement services. We believe in the power of strategic sourcing and procurement to drive significant value across organizations.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

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.

Real-time Visibility 36

Real-time Visibility Management Chief Procurement Officer Supply Chain Efficiency 36

HICX

DECEMBER 15, 2022

For this episode of the Supplier Experience Live Podcast, we were joined by David Yarkin , Founder and CEO of Procurated , and a former CPO. David is a procurement practitioner who has spent nearly twenty years working in a number of organizations both in the public and private sectors. However, this approach had its flaws.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

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.

Procurement 52

Procurement Category management Procurement team 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.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

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. Lastly, managed procurement services help companies streamline their supplier base.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

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.

Sustainability 52

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

Procurement Software

JULY 11, 2023

Procurement, in our defence, usually wants to treat the supplier fairy and pay smaller, loyal and well-performing suppliers on shorter terms. 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.

Procurement 52

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

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?

Sustainability 52

Sustainability Real-time Visibility Supply Chain Efficiency Procurement 52

Empowering CPO

JUNE 20, 2023

Definition of Tail Spend and Its Importance in Procurement Tail spend, or non-strategic spend, typically refers to the approximately 20% of a company’s purchases that account for about 80% of its suppliers. While tail spend is often neglected, it holds a gold mine of untapped savings opportunities.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Empowering CPO

JUNE 27, 2023

By examining spending patterns across various categories, such as suppliers, departments, and geographies, businesses can uncover hidden opportunities for cost savings, mitigate risks, and enhance their overall procurement efficiency. Mitigating Supplier Risks: Proactive supplier risk management is crucial for organizational success.

Real-time Visibility 40

Real-time Visibility Supply Chain Optimization Data Suppliers 40