ProcurePort

SEPTEMBER 14, 2022

• Purchasing is the lifeblood of any functional business organization. Organizations are also looking at how they can leverage globalization by deploying software, systems, and technologies that help them collaborate with strategic vendors. Working with local suppliers at grass […]. .

Purchasing 130

Purchasing Collaboration Suppliers Procurement 130

ivalua

JULY 11, 2022

The release includes a broad set of innovations to empower Procurement and Supply Chain leaders to improve collaboration among internal stakeholders and suppliers, proactively mitigate supplier risk and performance issues, gain efficiency and visibility in contracting and improve guidance and effectiveness across procure-to-pay. . ivalua.com.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Procurement Templates

NOVEMBER 21, 2024

Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. Consult Legal Teams: Collaborate with in-house legal experts to draft and review procurement contracts. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Procurement Insights

FEBRUARY 21, 2025

Interoperability: Supports multi-enterprise collaboration , ensuring different procurement platforms work together as one. Centralized Procurement Request System: Employees submit purchase requests through a unified intake tool , which then routes them to the correct procurement solution (e.g.,

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

ivalua

JANUARY 31, 2023

This puts the Procurement function in a central role towards establishing a transparent emissions baseline using reliable data and collaborating with suppliers on carbon savings plans to meet reduction targets and for reporting and risk assessment. They can use these models to focus on high-emitting categories and products.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

Spend Matters

OCTOBER 31, 2024

What is True ValueHub True ValueHub’s solution is an AI and cloud-based software that helps manufacturing companies achieve cost savings on purchased parts and assemblies in mechanical, electro-mechanical and electronics categories. Read also our interview: An Introduction to True ValueHub.

Buyers 114

Buyers Raw materials Networking Suppliers 114

Spend Matters

FEBRUARY 26, 2025

And in collaboration with NIGPs RMGPA chapter and Colorados OEDIT department, SOVRA will host The Small Business Showcase at the NIGP Forum in Denver to highlight small businesses looking to expand their presence in public procurement. Recent successes include: In 2024, 321 new government procurement teams were onboarded.

Procurement 116

Procurement Bidding Contract management Data 116

Spend Matters

MARCH 25, 2025

Purchase order management, allowing users to assign, update and track POs for AWS Marketplace transactions. Expanding vendor collaboration: AWS Partner Connections will strengthen partnerships between software vendors and enterprise buyers. For further analysis of procurement vendors visit Spend Matters Insider.

Procurement solutions 95

Procurement solutions Procurement Purchase orders Data 95

ivalua

MARCH 18, 2021

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

Procurement Tactics

AUGUST 25, 2022

Additionally, from 2019 to 2021, he has led his team to win 4 Asia Awards which are the Most Improved Procurement Operation, Transformation, Best Public Procurement Project, and Best Supplier Collaboration. . Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations.

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

ivalua

JANUARY 13, 2021

. – Cost optimization which comes from two sources: first, the savings that are captured from purchasing through preferred suppliers and compliant channels, and second the lower cost of a more efficient purchasing process. A typical example is purchase order (PO) updates. Criteria to Choose the Right eProcurement Software.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Spend Matters

MARCH 25, 2025

How procurement can effectively manage stakeholders To drive digital transformation, procurement leaders must take a structured approach to identifying, engaging and collaborating with stakeholders. Building cross-functional collaboration Cross-functional collaboration is essential for successful procurement transformation.

Stakeholder engagement 93

Stakeholder engagement Management Procurement Influencing 93

ivalua

MAY 31, 2022

Supplier Relationship Management (SRM) is not limited to transactional information (number of purchase orders, number of catalog items, number of supplier invoices ) or legal/contractual requirements. Learn to manage and control your suppliers to improve your purchasing efficiency and expand your supplier base. .

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Spend Matters

OCTOBER 31, 2024

They can invite the suppliers and internal stakeholders to collaborate on the identified opportunities in real time. What is the road ahead for True ValueHub? “We What does it mean to be named a Future 5? Spend Matters is one of the most respected analyst teams in the ProcureTech space.

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Supply Chain Brain

MAY 16, 2024

The new system — launched as collaboration with beverage company Diageo — expands Asda's selection of liquor from up to 26 products to 50.

Purchasing 96

Purchasing Collaboration 96

Spend Matters

NOVEMBER 11, 2024

Here’s why we think Vroozi matters: To the market: Vroozi offers a comprehensive P2P solution, including e-procurement, invoice automation and supplier collaboration. In Part 2, we explore the solution’s strengths and opportunities, review the competitive landscape, offer user considerations and provide an analyst summary.

Procurement 117

Procurement Buyers Collaboration Demand 117

SCMDOJO

NOVEMBER 20, 2024

Supply Chain Collaboration Solid relationships with suppliers can enhance supply chain visibility. Collaboration is at its peak when forecasting is robust and solid industry relationships guarantee growth. Strong supplier relationships enable better collaboration and efficient inventory management. Click here!

Inventory 98

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

SCMDOJO

JANUARY 9, 2025

Key Benefits of Strategic Sourcing Building Long-Term Supplier Partnerships Strategic sourcing focuses on identifying and collaborating with suppliers who align with a companys long-term goals. Greater Supplier Satisfaction: Engaged suppliers who see the value in a long-term partnership are more willing to collaborate and innovate.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Procurement Insights

APRIL 4, 2025

Paul Nilsen, Purchasing Manager Willis North America (New York, NY) My Response In Part 4 of my Changing Face of Procurement Conference Series titled Winning Strategies for Vendor Engagement, I briefly discuss an M&A case reference involving organizations within the confection or candy industry. Just ask a candy company in the U.S.

Agile and Lean Supply Chain 72

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization e2e 72

Procurement Tactics

MAY 22, 2023

It also requires close collaboration and coordination among all the stakeholders in the supply chain, including suppliers, manufacturers, distributors, and retailers. Streamlining of processes can also be achieved through integration and collaboration between departments, making it easier to resolve complex issues.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Procurement Tactics

MARCH 23, 2023

Digital platforms can help the source-to-contract process to be more manageable as it allows for automated bidding, digital purchase orders, online payments, and supplier collaboration. In this stage, you will need to issue an RFQ or RFP if you are sure to make a purchase and you know the specifics of what you want to buy.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Tactics

JUNE 19, 2023

Traditionally, to take on a role in procurement, you need a Bachelor’s degree or master’s degree in a field such as purchasing management or supply chain management. Digitize collaboration Collaboration is a key factor for success in the procurement industry. One study found 40% of repetitive tasks could be automated.

Procurement 201

Procurement supply chain software solutions Procurement strategies Collaboration 201

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Planergy

FEBRUARY 24, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Procurement in education is far more than simple purchasing. These purchases directly impact student learning and institutional performance. Strategic Procurement Strategic procurement goes beyond transactional purchasing.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Tactics

JANUARY 9, 2023

Collaboration with your partners. Collaboration is important for a successful business, especially if you want to achieve sustainability. . Through collaboration, you can communicate your sustainable initiatives to your suppliers, partners, and customers. Collaborate with business partners. Follow up on your actions.

Sustainability 210

Sustainability Collaboration Strategy Suppliers 210

Procurement Tactics

OCTOBER 18, 2022

The SRM aims to ensure buying from reliable suppliers, bring end-to-end visibility of supplier collaboration workflow, and improve the resilience of the supply chain. . It integrates departmental information into a single software platform for you to manage procurement and purchasing tasks. . Frequently Asked Questions.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

SCMDOJO

DECEMBER 29, 2024

Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students. Here are 10 of their top-rated courses: 1. The best part about availing this course is that it’s FREE.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

ivalua

FEBRUARY 10, 2023

These options also open up the door for collaboration with suppliers, or holding regular reviews that can help optimize supplier management techniques. Navigating volatile markets can be a daunting task, but the right insights provide companies with the clarity needed to proactively plan for success.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Leaders

MARCH 24, 2025

Ryan Verbecken, CPO at US grocery giant Kroger, shared the story of the Retail Procurement Alliance (RPA) a group purchasing organisation formed by Kroger and Walgreens.

Collaboration 130

Collaboration Innovation Suppliers Procurement 130

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. Open Tenders As we said earlier, open tender is a common type of tender that aims to purchase goods or services at the lowest possible price. So without further ado, let us now start!

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Jaggaer

NOVEMBER 14, 2024

In today’s dynamic market, procurement is far more than just a buying and purchasing center. Collaborative tools enable the integration of Engineering, R&D, Quality, Logistics, and Procurement from the initial design phases. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Planergy

MARCH 19, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. Schools benefit from partnerships built on trust, collaboration, and reliability. What's PLANERGY?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Jaggaer

DECEMBER 5, 2024

The Takeaway for Procurement: AI can automate repetitive tasks, like processing purchase orders or evaluating supplier bids, freeing up teams to focus on strategic priorities. In fact, 36% of companies in the report are focusing their investments on AI, recognizing its potential to automate processes and improve decision-making.

Supply Chain Efficiency 52

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

Procurement Tactics

JULY 20, 2023

This includes tasks such as creating purchase orders, managing inventory levels, tracking shipments, and reconciling invoices. Supplier order management software, also known as “ purchase order management software” is a digital solution designed to simplify and optimize the supplier order management process.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Spend Matters

JANUARY 21, 2025

They streamline corporate purchasing processes by allowing companies to issue unique card numbers linked directly to their business accounts. For businesses relying on these payments, the delays can create a domino effect, forcing them to postpone purchases, delay payroll, or dip into costly credit lines. in annual revenue.

Suppliers 106

Suppliers Vendor relationships Price Purchasing 106