Arkestro

FEBRUARY 6, 2024

Let’s dive into several examples of how customers are having success and making their procurement processes more competitive in just 60 days. Our team traveled to Asia to train 25 of the organization’s employees (including buyers and sourcing managers) on how PPO can be applied in their specific circumstances.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. This is where managed procurement services come into the picture.

Management 52

Management Procurement Real-time Visibility Ethics 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Purchasing is more transactional and tactical.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

APRIL 18, 2023

These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding. This back and forth is very time-consuming. This not only saves time and human resources.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Claritum

JULY 11, 2018

To make effective decisions about indirect spend, it is important to understand the scope and breadth of the category – visibility. In fact, on Tail Spend specifically, many Indirect Category managers do not even know their total spend. In this case there is a need to capture the data in real time in the first instance.

Real-time Visibility 36

Real-time Visibility Category management Purchasing Contract 36

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. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Claritum

JULY 11, 2018

To make effective decisions, It is important within any spend category to understand the scope and breadth of the category – visibility. In fact, on Tail Spend specifically, many Indirect Category managers do not even know their total spend. In this case there is a need to capture the data in real time in the first instance.

Real-time Visibility 32

Real-time Visibility Category management Purchasing Contract 32

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Insights

APRIL 3, 2025

Heres an analysis of the unique benefits that ThroughPut.ai, FlockScore, and ProcurEngine can offer to address common supply chain challenges such as inefficiencies, demand forecasting, cost management, and supplier performance. These insights are based on their general focus areas within the ProcureTech and supply chain optimization space.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Real-time Visibility 52

Supply Chain Collaborator

AUGUST 3, 2018

Spot Quote Bid Reporting – providing competitive bidding for spot quotes and leveraging the data captured to understand what the market will actually bear instead of simply accepting “market rates” as defined by the carrier base. Especially useful for food shippers during production peaks in a tight capacity environment.

Dwell Time 87

Dwell Time Real-time Visibility Competitive bidding Bidding 87