Supply Chain Game Changer

APRIL 15, 2020

Recent reports pictured about from Deloitte’s CPO Survey in 2019 found that 81% of Procurement Leaders aren’t satisfied with their solutions for Supply Chain Risk & Compliance, 71% aren’t satisfied with existing solutions for SIM, SRM & SPM, 64% aren’t satisfied with their solutions for Contract Management.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

World of Procurement blog

MAY 8, 2024

Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Conduct supply chain audits and due diligence on high-risk categories. Top-level oversight of all procurement activities.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Empowering CPO

JUNE 30, 2023

These experts don’t just handle the purchasing, but they also bring in their knowledge, skills, and technology to streamline the process, manage risks, and ultimately, unlock greater value for the business. The Need for Outsourcing Procurement Services Managing procurement in-house can pose a host of challenges for businesses.

Management 40

Management Procurement Supplier relationship management Supply Chain Efficiency 40

HICX

SEPTEMBER 16, 2024

Stakeholders should understand that amalgamating SIM with various management systems and ERP software offers a range of additional benefits. When risks are identified and mitigated at the earliest opportunity, organizations can ensure that their reputation is not impacted and any financial ramifications are avoided.

Suppliers 52

Suppliers Management supply chain software solutions Supply Chain Efficiency 52

Procurement Software

APRIL 2, 2024

May also have integrations with other data points, or offer vendor intake or contract management capability. This is the territory of automated negotiation, game theory, and multi-tier supply chain monitoring when it comes to third party risk and compliance. Able to evaluate non-price factors within the tool.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

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 now plays a crucial role in cost savings, risk management, and value creation for organizations.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 27, 2023

This granularity allows procurement teams to identify specific areas for improvement, negotiate better contracts, and optimize supplier relationships. Proactive Risk Management: Digital spend analysis provides enhanced visibility into supplier performance, allowing organizations to identify and mitigate potential risks.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40