Arkestro

SEPTEMBER 29, 2023

Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. Procurement teams run at the highest level of efficiency with autonomous procurement. Risk Mitigation The average company experiences a significant supply chain disruption every 3.7

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Procurement Software

MARCH 7, 2023

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 64

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

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

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 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

TYA Suite

NOVEMBER 25, 2024

What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Unlike traditional sourcing, which usually aims to find the lowest cost option and looks at the bigger picture.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Procurement Software

DECEMBER 5, 2022

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 52

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

Procurement Software

MARCH 11, 2022

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. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 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. Supplier and Buyer Engagement In India, our team worked to train over 15 buyers.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Organizations are constantly exploring new procurement methods to create a more strategic procurement strategy and ensure competitive procurement. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Suppliers Procurement Bidding 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

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

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

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

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

Claritum

SEPTEMBER 27, 2018

Where goals and motivations are concerned, the NfP sector is defined by the greater restrictions placed on changes to their goals: this coming from legislation, funding source restrictions and having to adhere closely to their defined purpose. The NfP also has a greater focus on adding social value to a supply chain.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It involves procuring services from outside sources and managing the relationship with supplier or service provider. How to gain visibility and control of your indirect spend. What is Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 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. strategic suppliers, approved suppliers and competitive bids for. organisation.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Supply Chain Game Changer

NOVEMBER 14, 2018

In some cases, purely transactional suppliers in regional or out-sourced models may be placed below the level of “approved” in this model. SRP allows the supply team to determine the criteria for establishing the appropriate relationship levels needed to drive supplier engagement. 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