Planergy

FEBRUARY 24, 2025

The Four Types of Procurement in Education Key Steps in the Education Procurement Process Who Benefits from Efficient Procurement? Educational leaders use strategic procurement to negotiate favorable contracts, explore innovative solutions, and drive institutional efficiency. Who Benefits from Efficient Procurement?

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Jaggaer

FEBRUARY 5, 2025

They instantly compare bids based on predefined criteria, such as the lowest bid, pricing tiers, or total cost of ownership, and rank the suppliers accordingly. Procurement teams can then focus on refining terms, addressing supplier concerns, and adapting agreements to evolving market conditions with greater efficiency and confidence.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

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. Such initiatives can only succeed based on close collaboration with suppliers.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

MARCH 29, 2023

Transparency In every decision and activity that impacts the environment, society, and economy, there should be transparency when it comes to sustainability goals and objectives. Transparency is the basis for stakeholders to collaborate to achieve sustainability. Frequently asked questions + What is Sustainability?

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. Gain valuable insights and knowledge to effectively manage total cost of ownership in today’s evolving business landscape.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Una

NOVEMBER 1, 2022

Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies. Increased efficiency & innovation. Increased efficiency & innovation.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Macfarlane, 2017).

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Supply Chain Game Changer

MARCH 20, 2019

Subscribe to Supply Chain Game Changer. However the application of the Blockchain technology itself is not just limited to digital currency as the technology can be used for open collaboration for any information across almost any industry. What Supply Chain Management problem does this solve? Subscribe Here!

Agile and Lean Supply Chain 79

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 79

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. But today this is largely executed electronically, for example by eSourcing events and with sourcing optimization software.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Supply Chain Collaborator

JANUARY 7, 2020

What is the total cost of ownership? How does the solution support supply chain digitization plans? How does the prospective solution: Ease integration challenges with other solutions in the supply chain tech stack? Effectively, efficiently handle data across multiple formats? New carrier onboarding.

Cost of ownership 92

Cost of ownership Supply Chain Efficiency Supply chain Import 92

Jaggaer

APRIL 22, 2019

Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. using a total cost of ownership strategy) and identify key risks (and related costs) to avoid. A quick look at the regulatory landscape.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. Effective SRM involves regular communication, performance reviews, and collaborative problem-solving.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. Effective SRM involves regular communication, performance reviews, and collaborative problem-solving.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage. So what are the new realities?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

World of Procurement blog

APRIL 23, 2024

In an ever-evolving marketplace, businesses are constantly looking for ways to streamline operations, cut costs, and enhance efficiency. It helps in achieving better cost management and savings, improving supplier relationships, ensuring the quality of goods and services, and mitigating risks associated with supply chain disruptions.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

In an ever-evolving marketplace, businesses are constantly looking for ways to streamline operations, cut costs, and enhance efficiency. It helps in achieving better cost management and savings, improving supplier relationships, ensuring the quality of goods and services, and mitigating risks associated with supply chain disruptions.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

The relentless pursuit of cost reduction, navigating an increasingly complex supply chain landscape, and adapting to ever-evolving customer needs – these are just a few of the constant challenges faced by procurement teams today. This collaborative approach fosters better communication, risk management, and innovation.

Category management 52

Category management Management Procurement Supplier relationship management 52

IBM Supply Chain Blog

MAY 13, 2024

Refine your selection based on cost and deployment needs : After testing, refine your choice by considering factors such as return on investment, cost-effectiveness and the practicalities of deploying the model within your existing systems and infrastructure.

Cost of ownership 70

Cost of ownership Ethics Risk Innovation 70

Finale Inventory

JUNE 21, 2024

It allows companies to streamline operations, improve efficiency, and make better informed decisions. Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization. Inventory Management: Manages inventory levels, tracks stock movements, and optimizes supply chain operations.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Real-time Visibility 52

Finale Inventory

JUNE 21, 2024

It allows companies to streamline operations, improve efficiency, and make better informed decisions. Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization. Inventory Management: Manages inventory levels, tracks stock movements, and optimizes supply chain operations.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Real-time Visibility 52

Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. These practices range from embracing digital transformation to fostering a culture of collaboration and innovation.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Supply Chain Trend

DECEMBER 13, 2016

To get some answers for S&OP practitioners, Niels van Hove founder of Supply Chain Trend, interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders. Being early in my supply chain career, I thought this should not be too bad to do.

supply chain software solutions 90

supply chain software solutions Supply Chain Efficiency Supply Chain Optimization Supply chain 90

Supply Chain Trend

DECEMBER 22, 2023

In the end, IBP is a philosophy, or belief system that strives for transparency, near perfect integration and alignment, both horizontal (between functions, BUs, even companies) and vertical (between strategy, planning and execution). These are ideas of enhancement, evolution, not replacement. So, there are many possible approaches.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

AUGUST 11, 2023

For example, moving to a modern customer relationship management (CRM) platform from spreadsheets and/or decentralized records may incur an initial cost, but it can increase efficiency and drive sales. Change the organizational culture: Successful IT operations are a collaboration between people and technology.

Import 74

Import Management Budget Real-time Visibility 74

TYA Suite

NOVEMBER 25, 2024

Strategic-sourcing uses this data to make smarter choices that improve cost efficiency. This involves finding out which suppliers are available, what they offer, and how they compare in terms of cost, quality, and service. By nurturing these partnerships, companies can foster open communication, collaboration, and mutual trust.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Jaggaer

OCTOBER 3, 2024

Increasingly, artificial intelligence-driven solutions, such as JAGGAER’s Contracts AI, reduce effort and increase efficiency. Finally, setting supplier performance targets (for example, on-time delivery and defect rates) and continuously monitoring them is essential to avoid cost growth. Improving quality is a further lever you have.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Contract 52

Skill Dynamics

OCTOBER 19, 2023

Numerous platforms and needs, on top of a multi-tiered supply chain, have made origin tracing even more challenging. Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. As a result, training on how to navigate these complexities is a must.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives. Nearshoring Nearshoring falls somewhere between onshoring and offshoring.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

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.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

IBM Supply Chain Blog

MAY 8, 2024

We first introduced our industry-specific enterprise cloud in collaboration with key partners–including BNP Paribas and CaixaBank–to help clients as they work to address various risks, navigate regulations, demonstrate their compliance and accelerate cloud adoption. Enable data sovereignty.

Cost of ownership 61

Cost of ownership Data Innovation Management 61

Finale Inventory

JULY 17, 2024

Enterprise Resource Planning (ERP) software plays a significant role in streamlining operations, improving efficiency , and enhancing overall productivity. The Role of ERP in Manufacturing ERP software plays a vital role in the manufacturing industry, serving as the backbone for efficient and effective operations.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Real-time Visibility 52

TYA Suite

NOVEMBER 25, 2024

This approach involves analyzing the entire supply chain to ensure that products are sourced, produced, and disposed of in ways that are ethical and eco-friendly. One of the often-overlooked benefits of sustainable procurement is its potential for significant cost savings.

Sustainability 40

Sustainability Import Supply Chain Efficiency Procurement 40

IBM Supply Chain Blog

APRIL 11, 2024

The EU AI Act provides a much-needed framework for ensuring transparency, accountability and human oversight in developing and deploying AI technologies. Total cost of ownership: Hybrid cloud offers the power of choice and performance with workloads anywhere to maximize performance from x86, Power—to Cloud—to Quantum.

Innovation 58

Innovation Cost of ownership Data Risk 58

TYA Suite

JULY 17, 2024

In today's dynamic business environment, efficient po management is essential for optimizing inventory levels, controlling costs, and maintaining strong supplier relationships. By leveraging technology and best practices, organizations can streamline the purchase order process, enhance transparency, and drive operational excellence.

Purchase orders 40

Purchase orders Purchasing Management Supply Chain Efficiency 40