Empowering CPO

FEBRUARY 11, 2024

Procurement market intelligence is a key pillar of it, providing organizations with real-time information on supplier capabilities, emerging trends, and potential risks. The concept of Total Cost of Ownership (TCO) considers not only the purchase price but also factors in operational, maintenance, and end-of-life costs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

World of Procurement blog

MAY 8, 2024

Contract management involves coordinating and negotiating agreements to establish business relationships, draft contract terms that protect the company, properly execute contracts, monitor performance, and mitigate risks. Lease agreements - Contracts for renting equipment, real estate, vehicles, etc.

Contract management 52

Contract management Contract Management e2e 52

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. 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

TYA Suite

JULY 17, 2024

By implementing a cloud-based purchase order system, businesses can streamline operations, enhance accuracy, and gain real-time visibility into purchasing activities. This means businesses can access their from anywhere, at any time, using any device with internet connectivity.

Purchase orders 40

Purchase orders Purchasing Real-time Visibility Cost of ownership 40

World of Procurement blog

MAY 20, 2024

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. Tracking and reporting - CLM platforms provide visibility into contract status, deadlines, obligations, and performance.

e2e 52

e2e Real-time Visibility Procurement Contract 52

Empowering CPO

MAY 15, 2023

It’s the art of sourcing, negotiating, and purchasing, all while maintaining a keen eye on quality and cost. But in recent times, this function has evolved far beyond the simple act of purchasing. Another common cost-saving strategy involves supplier negotiations. Let’s consider a real-world example.

Procurement 52

Procurement Quality Innovation Cost of ownership 52

TYA Suite

JULY 17, 2024

Modern solutions offer features like automated workflows, real-time tracking, and analytics. Continuously track key performance indicators (KPIs) related to po management, such as order cycle time, accuracy, and cost savings. provides visibility into procurement activities, enabling better tracking and reporting.

Purchase orders 40

Purchase orders Purchasing Management Supply Chain Efficiency 40

Empowering CPO

JULY 16, 2023

Procurement extends beyond simple purchasing to include activities such as sourcing, negotiation, contract management, and supplier relationships. Moreover, traditional procurement usually focuses on the price rather than the total value, which can result in overlooking critical factors like quality, service, and total cost of ownership.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Trend

DECEMBER 22, 2023

Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. I think it is time to update the IBP belief sytem to be more reflective of current times, technology & ways of working, and create a modern IBP vision.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Empowering CPO

JULY 16, 2023

Procurement extends beyond simple purchasing to include activities such as sourcing, negotiation, contracts management, and supplier relationships. Moreover, traditional procurement usually focuses on the price rather than the total value, which can result in overlooking critical factors like quality, service, and total cost of ownership.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

Jaggaer

JANUARY 23, 2025

US tariffs could hardly come at a worse time for Europes manufacturing powerhouse! Under the current World Trade Organization (WTO) system, countries negotiate tariff reductions between themselves and then apply those reduced tariffs equally to all other WTO members: the system known as Most Favored Nation (MFN). A lot of time.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52