Procurement Express

DECEMBER 31, 2024

In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc. What Happens When Indirect Spend Isnt Managed? Facilities management : Maintenance, cleaning, and security services. What’s Behind This Disconnect?

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Empowering CPO

JUNE 20, 2023

This blog post explores the pivotal role of Spend Analysis within the realm of Supply Chain Management, an area that can greatly benefit from the insights it provides. When applied to Supply Chain Management, Spend Analysis serves as an invaluable tool.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40

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. Supply Chain Management. Savings and beyond.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

TYA Suite

NOVEMBER 15, 2024

This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains. From reducing fraud to improving and automating contract management, blockchain is shaping the future of procurement in ways previously unimaginable.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

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

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

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Flawed or outdated Technology and Equipment that limits visibility. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps. For example, Delivery Lead Time is measured in conjunction with Picking Accuracy.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply chain 52

Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. Another report found that 50% of respondents are investing in AI to improve employees’ use of time and allow for more high-value work. Reduce complexity.

supply chain budgeting 52

supply chain budgeting Procurement Supply chain resilience Supply Chain Optimization 52

Una

JUNE 5, 2024

Key elements include diversified sourcing, real-time visibility, strategic inventory management, and the ability to quickly respond to disruptions. Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays.

Agile and Lean Supply Chain 52

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

TYA Suite

SEPTEMBER 25, 2024

This process is integral to procurement and supply chain management, aiming to secure the best possible terms for the organization while ensuring the quality and reliability of the supplied products or services. Key criteria for evaluation include cost, quality, delivery times, and supplier reliability.

Supply Chain Efficiency 40

Supply Chain Efficiency Sourcing Procurement supply chain budgeting 40

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. You can unsubscribe at any time. Subscribe to news from Arkestro. No spam, just relevant procurement news and tips. Bureau of Labor Statistics.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

IBM Supply Chain Blog

JUNE 30, 2023

To do that, technicians, facility managers, maintenance teams, reliability engineers and project managers need accurate, real-time information at their fingertips. Data was siloed, hidden away in a multitude of spreadsheets and filing cabinets, and carrying out tasks manually was time-consuming.

Management 60

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 60

Supply Chain Game Changer

FEBRUARY 5, 2020

There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Too often companies will underestimate the leadership and experience needed to lead and manage a successful Procurement Transformation. Failure To Hire the Right Leader For the Job. Absolutely, 100% YES!

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. It also facilitates data collection, which can be used for analytics and strategic decision-making.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

DECEMBER 13, 2018

There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Too often companies will underestimate the leadership and experience needed to lead and manage a successful Procurement Transformation. Failure To Hire the Right Leader For the Job. Absolutely, 100% YES!

Procurement 59

Procurement Agile and Lean Supply Chain Negotiation Procurement team 59

Empowering CPO

JUNE 26, 2023

In the following sections of this guide, we will provide in-depth analysis, real-world examples, and actionable recommendations to empower healthcare organizations in their journey towards optimizing costs and improving patient care through effective spend analysis. Benefits of Implementing Spend Analysis in Healthcare A.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. It can also provide real-time data and analytics. OCR also enhances customer experience by simplifying access to data, improving response times, and streamlining workflow.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

The Procuretech Podcast

OCTOBER 3, 2022

So he's hardcore supply chain guy, through and through. When he finished his PhD in 2015, he realised that most content in the supply chain space was pretty archaic in nature. FinTech content at the time was a lot more attractive: Punchy articles, simple “How To.” This takes consultation and a lot of time.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

Procurement Insights

JANUARY 3, 2025

Digital Transformation Matures : Advanced technologies such as AI , machine learning , and automation enabled procurement to provide predictive insights , scenario planning , and real-time decision-making. Risk management was not a primary focus, and procurement was not seen as critical in addressing disruptions.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Insights

JANUARY 19, 2025

i2 Technologies : Specializing in supply chain management, i2 Technologies offered procurement solutions that integrated with broader supply chain processes. Manugistics : Focused on supply chain and logistics, Manugistics provided procurement tools to enhance sourcing and supplier management.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Supply Chain Optimization e2e 52