Arkestro

SEPTEMBER 29, 2023

Procurement teams run at the highest level of efficiency with autonomous procurement. Ultimately, autonomous procurement enhances operations by giving organizations a better way to manage risk, build strong supplier relationships, and effectively allocate resources. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Una

NOVEMBER 14, 2022

Now, CPOs and their procurement teams look to invest in more secure supply chains, addressing increased volatility in consumer demand and responding to the changing ways people work (i.e., Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 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. Procurement isn't just about purchasing goods and services; it's a strategic function that if executed well, can significantly contribute to a company's competitive advantage.

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. Procurement isn't just about purchasing goods and services; it's a strategic function that if executed well, can significantly contribute to a company's competitive advantage.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 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

Arkestro

FEBRUARY 6, 2024

More and more, procurement professionals everywhere are seeing the value of using a platform like Arkestro for sourcing and spot purchase events, making their procurement processes more competitive, and driving cost savings. With no integration required, PPO has the potential to transform any organization’s processes to improve efficiency.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

TYA Suite

JULY 17, 2024

Traditionally, procurement strategy entails meticulous planning to procure goods and services efficiently, aligning with organizational goals. With digital tools and automation, businesses can enhance procurement efficiency, streamline processes, and leverage data for informed decision-making.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Una

NOVEMBER 29, 2023

But with the elves’ help, Santa is able to put his freed-up time to valuable use, with activities such as mapping out the most fuel-efficient route around the globe, analyzing the data on his naughty and nice lists, and spending some quality time with Mrs Claus. Things you can do while a GPO works behind the scenes And what about you?

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Download Free Copy Services Procurement: What Is It and How To Manage It Written by Rob Biedron 15 min read Business Process Management (BPM) Process & Procedures Procurement Download PDF IN THIS ARTICLE What is Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 52

Una

SEPTEMBER 21, 2023

Cost Savings vs. Cost Avoidance in Procurement Understand cost savings vs. cost avoidance in procurement and how each distinctly impacts an organization’s approach to cost management. While cost savings and cost avoidance may seem interchangeable at first glance, they represent distinct approaches to cost management.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Claritum

NOVEMBER 16, 2018

With Procurement behind the drive for sustainable/ethical supply of goods and services to efficiently and effectively support the operations of the organisation. Within this environment, the Procurement has to remain focused on maximising financial results associated with the supply and use of goods and services.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Procurement Software

APRIL 18, 2023

The open bid nature of eAuctions removes this risk for suppliers, therefore removing their need to build in this premium. Increase negotiation efficiency eAuctions are time efficient – usually 20% to 40% faster than conventional negotiation methods. eAuctions are a great way to remain agile and cost-efficient.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Software

MARCH 7, 2023

Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. Improvements to end-to-end supply chain efficiency.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Supplier Relationship Management Building and nurturing strong, long-term relationships with suppliers is central to strategic sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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 technologies enable better supplier evaluation, improved contract management, predictive analytics, and enhanced transparency.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 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. 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

TYA Suite

NOVEMBER 25, 2024

Strategic-sourcing uses this data to make smarter choices that improve cost efficiency. The focus is on long-term partnerships, making relationship management key. This approach can lead to poor choices that may impact product quality and supply chain stability. What Is the main focus of strategic sourcing?

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Procurement Software

DECEMBER 5, 2022

Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. Competitive bidding, which optimises cost.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Claritum

SEPTEMBER 27, 2018

The NfP also has a greater focus on adding social value to a supply chain. At the same time, a majority of NfP organizations would see their performance in terms of their efficiency in deploying resources: this relates to the optimal use of resources to obtain the results desired. Whereas the NfP is a very transparent process.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Open tendering encourages effective competition to obtain goods, emphasizing value for money. However, you must use care and consistency to ensure that single-source procurement improves organizational efficiency and outcomes.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Claritum

AUGUST 4, 2020

Procurement behind the drive for sustainable/ethical supply of goods and services to efficiently and effectively support the operations of the. maximising financial results associated with the supply and use of goods and services. Financial management within Procurement is therefore of critical importance. organisation.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Supply Chain Game Changer

NOVEMBER 14, 2018

This is clearly not the case in the world of supplier management. All suppliers are not created equally and they should all be managed with this distinction in mind. This article will look at a model for stratifying and segmenting your supply base within the confines of a structured and formal supplier relationship program (SRP).

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

Procurement Insights

APRIL 3, 2025

What unique benefits can the following ProcureTech solution providers offer to address the above-referenced supply chain challenges: ThroughPut.ai, FlockScore, ProcurEngine. These insights are based on their general focus areas within the ProcureTech and supply chain optimization space. ThroughPut.ai ThroughPut.ai

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

As if you needed another reason to embrace the cost-saving, capacity-finding, efficiency-boosting, customer-pleasing benefits yielded by the use of a well-designed and deployed TMS platform – the Trump Trade War and associated tariffs add another unexpected cost to already-squeezed transportation budgets.

Dwell Time 87

Dwell Time Real-time Visibility Competitive bidding Bidding 87