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 budgeting Supply Chain Efficiency Budget 52

Procurement Insights

APRIL 3, 2025

Its ability to predict demand more accurately minimizes over-purchasing or stockouts, streamlining the procurement process. This cuts down on manual negotiation time, accelerates supplier selection, and provides cost transparency through competitive bidding, all of which streamline procurement workflows and reduce operational overhead.

Supply Chain Efficiency 52

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

Planergy

MARCH 10, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Ask for New Bids It is a good practice to request fresh quotes or conduct competitive bidding with suppliers every few years. What's PLANERGY? Modern Spend Management and Accounts Payable software.

Strategy 52

Strategy Management Budget Spend management 52

Supply Chain Game Changer

FEBRUARY 23, 2022

You achieve the process via tendering and competitive bidding. To succeed in overcoming IT challenges, consider engaging concerted efforts between the members of an organization making the purchase and other stakeholders. This will save you time and unnecessary costs in case the in-house team makes the wrong purchase.

Procurement 90

Procurement Purchasing Competitive bidding Procurement team 90

Arkestro

MAY 28, 2024

Procurement requests are a critical component of strategic sourcing and purchasing initiatives for businesses. The advantages of using an RFQ in procurement operations include facilitating price comparisons, encouraging competitive bidding, and ensuring transparency in the purchasing process.

Competitive bidding 52

Competitive bidding Procurement Strategic sourcing Strategic sourcing 52

Una

NOVEMBER 14, 2022

As many companies struggled over the past three years, the pandemic became an enormous opportunity for global giant Amazon and other companies to capture a much larger share of low-value repeatable purchasing. 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

Supply Chain Game Changer

APRIL 28, 2020

Single sourcing is the result of a very conscious decision usually made by the Procurement or Purchasing department. Single source decisions are usually the result of a quotation or bidding process after which all candidate suppliers are narrowed down to one. procurement #purchasing #sourcing. All Rights Reserved.

Sourcing 82

Sourcing Bidding Supply chain Suppliers 82

Una

SEPTEMBER 21, 2023

Volume discounts One common way to achieve cost savings is by leveraging the purchasing power of the organization. Buying in bulk or consolidating purchases across departments can often lead to volume discounts, reducing the cost per unit. To supercharge volume discounts, consider joining a group purchasing organization like Una.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Pipefy

MARCH 6, 2023

But procurement is also about vendor relationship management, preventing avoidable costs, and handling a high volume of incoming purchase requests. For most procurement teams, this phase begins when a purchase request is received. Learn more purchase requisitions. These requests are also known as purchase requisitions.

Procurement 59

Procurement Procurement team Purchase orders Vendor relationships 59

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. The typical characteristics of tail spend are poor spend data and a relatively low value per purchase order. 2) Uncontrolled purchases. This usually depends on what’s being purchased.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. The typical characteristics of tail spend are poor spend data and a relatively low value per purchase order. 2) Uncontrolled purchases. This usually depends on what’s being purchased.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

SEPTEMBER 26, 2023

Source-to-Pay on the other hand focuses on the more tactical sourcing performed as part of a competitive bidding process. The general process is shown in the graphic below: Usually, the value of the goods and services necessitate it going through a competitive bidding process. What is Source-to-Pay?

Sourcing 59

Sourcing Contract Competitive bidding Bidding 59

World of Procurement blog

APRIL 23, 2024

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. This can range from competitive bidding to direct negotiations. One critical area that often comes under scrutiny is the procurement process.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

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. This can range from competitive bidding to direct negotiations. One critical area that often comes under scrutiny is the procurement process.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 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. The results were immediate.

Procurement 52

Procurement Competitive bidding Real-time Visibility Supply Chain Efficiency 52

Claritum

NOVEMBER 16, 2018

The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key resource within the business. The Procurement team need only to be able to monitor and report as needed on the flow of purchasing transactions. Introduction. Step 1 Remove the noise.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Una

NOVEMBER 29, 2023

But with a group purchasing organization working behind the scenes to save you money, time, and effort, there’s a golden opportunity to put your valuable time to better use. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency 52

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

Barkers Procurement

JANUARY 23, 2024

Following a successful engagement to support the client’s purchase of new ERP software, Barkers were retained to support the selection of an ERP Systems Integration partner and the subsequent contract negotiation with the successful vendor.

Bidding 52

Bidding Procurement Competitive bidding Negotiation 52

Supply Chain Game Changer

NOVEMBER 24, 2018

Often small companies must leave the purchasing to a functional group or a person in IT or Finance, reacting when a need arises. SCM #SupplyChain #procurement #purchasing #supplychainmanagement #outsourcing. Further, the services are project based with a targeted return on investment (ROI). Email info@procurepro.ca www.procurepro.ca.

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Procurement Software

MARCH 7, 2023

Then, with the growing popularity of Enterprise Resource Planning (ERP) systems such as SAP and Oracle during the late 1990s and early 2000s, converting requisitions into purchase orders (POs) was done electronically. The P2P process deals predominantly with administrative purchasing tasks. What is the difference P2P and S2P?

Sourcing 64

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

Jaggaer

OCTOBER 6, 2020

I was impressed with the efficiency and quality of the JAGGAER technology, especially the ease with which requisitions were turned into purchase orders, the straightforward use of punchout catalogs, receiving and electronic invoicing. This would have been very difficult with a paper-based bid,” Schlotthauer said. Cost Savings. “We

Sourcing 52

Sourcing Bidding Chief Procurement Officer Competitive bidding 52

Market Dojo

DECEMBER 13, 2017

“Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process. ” – Wikipedia. This definition is clear but it is not enough for me and probably neither for you?

Procurement 40

Procurement Buyers Competitive bidding Innovation 40

Planergy

AUGUST 8, 2023

By issuing RFPs, you can quickly receive competitive bids to ensure you receive the best goods and services at the most affordable price while meeting your specific requirements. Because of this, RFQs are most commonly used when purchasing standard products or raw materials that don’t need customization.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Claritum

OCTOBER 12, 2018

Are you a 2-dimensional or a 3-dimensional purchasing organisation? Automation for the 3-dimensional purchasing organisation. However, when you look at automation tools it seems there is no way to manage a purchase process without these tools involving you directly in the process. Defining the Perfect Procurement World.

Procurement 47

Procurement Eprocurement Category management Purchasing 47

Bonfire

MARCH 24, 2022

Coming from the vendor side, I knew our eProcurement platform had the potential to transform sourcing and purchasing in the public sector. Bonfire eProcurement supports that strategic role for hundreds of public sector agencies that rely on us to manage their competitive bid processes.

Eprocurement 52

Eprocurement Competitive bidding Procurement team Procurement 52

Procurement Software

MARCH 11, 2022

Competitive bidding for €10k worth of one-time spend. Yes, there are expensive purchasing software suites out there which cost hundreds of thousands of dollars and are aimed at large, enterprise level organisations. What’s the cost of the procurement team member‘s time invested versus the end result?

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Una

OCTOBER 9, 2023

At the end of this playbook, we’ll also explore how partnering with a group purchasing organization (GPO) can be seamlessly integrated into your strategic sourcing approach, enhancing your ability to drive value and deliver results. Let’s get started.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

The Procuretech Podcast

OCTOBER 5, 2021

These are some common scenarios for how non-strategic spend can fall through the cracks: Spend that falls below the threshold where competitive bidding is required - i.e. three bids, then a buy - clearly has a lot of untapped opportunity. Here, essentially, stakeholders can purchase from whomever they wish.

Competitive bidding 40

Competitive bidding Bidding Buyers Procurement 40

Planergy

JULY 21, 2023

Indirect Procurement Indirect procurement involves purchasing items essential for day-to-day operations but not necessarily related to the company’s final product. There should be purchase orders and milestones to ensure your project remains on course. This typically includes raw materials and components.

Management 52

Management Procurement supply chain budgeting Budget 52

Procurement Software

DECEMBER 5, 2022

Then, with the growing popularity of Enterprise Resource Planning (ERP) systems such as SAP and Oracle during the late 1990s and early 2000s, converting requisitions into purchase orders (POs) was done electronically. Competitive bidding, which optimises cost. It enables: Building stronger relationships with your key suppliers.

Sourcing 52

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

Arkestro

SEPTEMBER 29, 2023

By automating tasks like purchase order creation and invoice processing, it minimizes manual errors and administrative overhead. Organizations can use Predictive Procurement Orchestration to address tasks that are often completed after an order is placed, including approvals and competitive bids.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Claritum

JULY 11, 2018

Effectively, how much time is wasted throughout the organisation on low value or one off purchases. Here, as examples, data can show how many low value single item purchases are handled? What duplicate purchases are being made against the same or similar specification at different prices? How many mismatched invoices are there?

Real-time Visibility 36

Real-time Visibility Category management Purchasing Contract 36

Claritum

OCTOBER 30, 2017

At Claritum, we work with procurement services organisations to help drive purchasing process efficiencies and savings. They can prove that they have re-engineered a specification to reduce cost, or that competitive bidding has resulted in savings or cycle times have been reduced. The answer is yes, and by quite some margin.

Buying process 32

Buying process Bidding Buyers Competitive bidding 32

Claritum

AUGUST 4, 2020

The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. function.Focused purely on moving purchase transactions though the. purchase transactions made are repeated, either with exactly the same. Introduction Procurement is a complex.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

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. Some of the key benefits include: 1. Develop a Comprehensive Procurement Strategy A. Develop a Comprehensive Procurement Strategy A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Claritum

JULY 11, 2018

Effectively, how much time is wasted throughout the organisation on low value or one off purchases. Here, as examples, data can show how many low value single item purchases are handled? What duplicate purchases are being made against the same or similar specification at different prices? How many mismatched invoices are there?

Real-time Visibility 32

Real-time Visibility Category management Purchasing Contract 32