ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supply chain. .

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

ivalua

JANUARY 24, 2022

Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. Data builds the bridge between your own internal supply chain visibility and the information you provide to your stakeholders. Timeliness is also important.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

ivalua

JUNE 11, 2019

For the longest time, leading Procurement technology providers in my experience just ignored this space. The goal being to build in best practices that we’ve seen across our Public Sector customers, so that they are able to deploy and get up and running faster, thereby drastically reducing time-to-value.

Procurement 169

Procurement Real-time Visibility e2e Competitive bidding 169

IBM Supply Chain Blog

FEBRUARY 28, 2024

For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers. This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. Try out cognitive intelligence free for 30-days.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

SCMDOJO

APRIL 22, 2022

At such a time, NFTs will prove their worth. With the ability to know the real-time movement of the product due to its tokenization system, a company can easily find out the owner of the asset by quick scans and running reports. The tokenization system will also improvise how inventories are managed in the supply chain.

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Procurement Heads

JANUARY 30, 2023

Procurement is more about contract management and negotiating great commercials for your business. The roles were different in nature as one involved closely managing warehouse colleagues whereas IT procurement is more office-based and strategic. CIPS is valuable because it allows you to apply your theory to the real world.

supply chain budgeting 130

supply chain budgeting supply chain software solutions Negotiation Real-time Visibility 130

SCMDOJO

APRIL 29, 2024

Efficient transportation systems minimize delays, reduce costs, and ensure timely delivery to customers. This involves supplier selection, negotiation, and contract management to ensure timely and cost-effective procurement. Customer Service: Customer service is an integral part of supply chain management.

Supply chain management 95

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 95

Spend Matters

FEBRUARY 22, 2024

Working within a resilient global supply chain results in complexities around basic matters like communication, time zones and languages, along with more challenging aspects like risk management, compliance and sustainability. Third-party risk management through a specialized vendor moves beyond the onboarding and intake process.

Supply Chain Efficiency 91

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 91

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

ivalua

FEBRUARY 24, 2021

Streamlined Contract Authoring: By starting contracting during sourcing, customers can reduce the cycle time from quote to contract and consider negotiated terms in sourcing decisions. Now, customers can create and iterate on a draft contract during an RFX.

Supply chain resilience 100

Supply chain resilience Supply Chain Efficiency Supply Chain Optimization Innovation 100

Jaggaer

JULY 7, 2020

Over time, this engagement has expanded globally and is still focused on one of the most testing categories of sourcing and contract management within procurement: transport and logistics. In 2019 the company decided to embark on a project to implement global dashboards for sourcing and contracting events. The Solution.

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. By establishing standardized workflows and decision rules, BPM streamlines the claims process by reducing processing times and minimizing errors.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Spend Matters

MARCH 26, 2024

The trials of traditional spend management technologies Traditional spend management technologies often present a myriad of challenges that impede efficiency and productivity. Employees may find themselves spending valuable time trying to decipher how to complete tasks within the system, detracting from their core responsibilities.

Spend management 89

Spend management Management Real-time Visibility Innovation 89

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Zycus Cognitive Procurement

OCTOBER 20, 2022

In broader terms, cognitive procurement can augment all parts of procurement, such as identifying potential suppliers, automating the contract management process, and creating a touchless procurement experience. So, if you’re not already using cognitive procurement in your business, now is the time to start!

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

World of Procurement blog

MAY 20, 2024

A dedicated CLM platform provides the automation, control, and analytics procurement teams need to maximize the value of contracts while minimizing risk. With the right CLM solution in place, procurement can achieve end-to-end visibility into the contracting process, reduce cycle times, and eliminate inefficient manual tasks.

e2e 52

e2e Real-time Visibility Procurement Contract 52

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. From procure-to-pay software to spend management and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before.

Agile and Lean Supply Chain 52

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

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 87

Procurement solutions Procurement e2e Real-time Visibility 87

Jaggaer

NOVEMBER 12, 2019

A “wish list” was given in the area of supplier collaboration on the part of “mature procurement leaders”: Supplier enablement: accelerating time to value and driving supplier loyalty. Solutions that provide better alignment between supply chain and procurement management. Automated compliance management. Expedited payments.

Collaboration 78

Collaboration Suppliers Data supply chain software solutions 78

Una

SEPTEMBER 22, 2022

It’s impossible to have the most current or newest application implemented at all times. Lack of visibility into spend and contract data also contribute to the difficulty of managing IT spend. There are times when cost reduction is a priority but the IT procurement process should take other factors into account as well.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

TYA Suite

OCTOBER 27, 2024

With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Procurement management tools offer features that enable businesses to track supplier performance, manage communications, and evaluate vendor reliability.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. At the same time, the number of young, able-bodied construction workers has decreased by 8% over the past decade, further exacerbating the industry’s labor shortage.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. Technology that streamlines and automates transactions and contract management can significantly reduce these errors and expedite sourcing processes.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Jaggaer

JUNE 11, 2020

With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. The Fundamentals of the Process.

Real-time Visibility 52

Real-time Visibility Procurement Spend management Supply Chain Efficiency 52

Spend Matters

JUNE 19, 2023

They also improve access to contract information and drive more effective and timely purchasing decisions through the re-use of information to create contract terms and notifications of when to take critical actions.

Contract 92

Contract Management Negotiation Real-time Visibility 92

Jaggaer

MAY 19, 2020

“The automation has streamlined the Council’s contract management and supplier performance processes and as such we feel that this has increased our business efficiency and improved internal and third-party collaboration by reducing operating expenses.” – Tommy Burns, Procurement Project Officer – East Ayrshire Council.

Contract 52

Contract Suppliers Management Contract management 52

Jaggaer

FEBRUARY 14, 2019

S2P solutions provide other opportunities such as risk avoidance in terms of contract management, smarter data analytics and more intuitive supplier management (with the help of AI-enabled capabilities). Enhanced Visibility: A S2P solution will allow you to leverage data across the enterprise.

Purchasing 49

Purchasing Sourcing Real-time Visibility Budget 49

Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. GPOs also bring balance to the negotiating equation because they already have relationships and contracts in place with vendors and suppliers. Benefits of a Group Purchasing Organization. Savings and beyond.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Pipefy

NOVEMBER 24, 2023

This process grants transparency and visibility into purchase orders and approvals to a sometimes surprising degree. These tools are classified according to the procurement functions they perform, including contract management, informing, ordering, sourcing, and tendering. What are e-procurement tools?

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Spend Matters

JUNE 19, 2023

what/who is driving the spending by how much), trending/time-phased analysis and drill downs through master data taxonomies, e.g., category and supplier taxonomies. The top vendors extend the analytics schema to also support predictive data analysis, AI/ML models or real-time visibility across many systems.

Real-time Visibility 81

Real-time Visibility Data e2e Quality 81

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes. Contract Management: Facilitates the creation, negotiation, approval, and storage of contracts in a secure environment. Tools like Jaggaer and Scout RFP are popular choices.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Jaggaer

OCTOBER 24, 2024

With quantitative and qualitative KPIs, you get a bird’s eye view to understand supplier performance and make more informed decisions. Real-Time Insights for Risk Management Managing supplier risks involves identifying, evaluating, and reducing constraints created by suppliers, and their suppliers as well.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

Pipefy

JANUARY 9, 2024

We will dive into common challenges, innovative solutions, and the transformative impacts of these improvements in processes such as: IT incident management and how to streamline IT operations for faster resolution and improved service quality. According to Pipefy’s State of Automation Survey , 59.4% of business and IT leaders in the U.S.

Real-time Visibility 52

Real-time Visibility Contract management Contract Management 52

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. The platform also offers supply and risk management insights.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Bonfire

APRIL 3, 2023

For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay. Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers. Here are the specific areas where they tend to fall short: 1.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52