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

IBM Supply Chain Blog

AUGUST 11, 2023

The right time to implement an MES depends on the specific needs and circumstances of each organization, and while there is no one-size-fits-all answer, several key indicators can suggest that it might be the appropriate time. Compliance and security: For industries with strict regulatory requirements (e.g.,

supply chain software solutions 68

supply chain software solutions Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 68

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

IBM Supply Chain Blog

NOVEMBER 24, 2023

Typical benefits realized would range from increased agility, cost-effectiveness and competitiveness, while challenges include complexity and resource demands. The real problem lies in how the IT is organized, which reflects in how their current applications/services are built and managed (refer to Conway’s law ).

Real-time Visibility 89

Real-time Visibility Data Cost of ownership Strategy 89

Jaggaer

OCTOBER 24, 2024

From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. What is Cost Saving in Supply Chain Management? Any reduction in price is considered a cost saving.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

JULY 2, 2020

Order management begins with visibility, and visibility promotes improvement within inventory management. Channel integration offers benefits that go well beyond just easier management of inventory and systems. Analytics applies to much more in the supply chain beyond inventory management.

Management 54

Management Real-time Visibility supply chain software solutions Supply Chain Optimization 54

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. Collect and analyze spend information to make better IT decisions that are supported by real-time data and meet your organization's needs.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Finale Inventory

AUGUST 23, 2024

These assets may include inventory, equipment, vehicles, and more. Effective asset tracking ensures that businesses have real-time visibility and control over their assets , leading to improved operational efficiency and reduced costs. Real-time tracking provides insights into asset utilization and performance.

Real-time Visibility 52

Real-time Visibility Inventory Budget Cost of ownership 52

Supply Chain Game Changer

NOVEMBER 19, 2018

These are the innovative technologies that I predict companies must use to undergo this transformation within their supply chains: Cloud-based technology deployments lower cost of ownership due to not having a large capital expenditure on hardware and upgrades.

Supply Chain Efficiency 45

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 45

IBM Supply Chain Blog

AUGUST 11, 2023

They could build a state-of-the-art, on-premises data center, only to subsequently find out their costs would be halved if they ran everything on the cloud. They expect IT budget forecasts to contain actual costs with realistic delivery timelines and a good understanding of how the completed project will impact the business.

Import 74

Import Management Budget Real-time Visibility 74

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

Finale Inventory

JUNE 21, 2024

It provides real-time visibility into business operations, enabling managers to make data-driven decisions and respond quickly to changing market conditions. Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization.

Supply Chain Efficiency 52

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

Finale Inventory

JUNE 21, 2024

It provides real-time visibility into business operations, enabling managers to make data-driven decisions and respond quickly to changing market conditions. Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization.

Supply Chain Efficiency 52

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

Finale Inventory

JULY 17, 2024

By centralizing these functions into a single platform , ERP software helps businesses streamline their processes, increase visibility, and make data-driven decisions. This not only saves time but also enhances productivity by allowing employees to focus on value-added tasks rather than struggling with complicated software.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Real-time Visibility 52

Barkers Procurement

MAY 11, 2023

Both options create a high cost of ownership, and configuration can be problematic. E-invoicing capabilities Not all solutions will feature e-invoicing, but this useful feature helps ensure compliance and creates visibility. Here are some of the main ones: In cloud habitation Some organisations build tools internally.

Cost of ownership 52

Cost of ownership Real-time Visibility Purchase orders Procurement strategies 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

World of Procurement blog

MAY 8, 2024

It helps reduce financial losses from poor contracts, improve vendor relationships through structured coordination, increase operational efficiency and cost savings, minimize revenue leakage, and ensure proper compliance. Lease agreements - Contracts for renting equipment, real estate, vehicles, etc.

Contract management 52

Contract management Contract Management e2e 52

IBM Supply Chain Blog

AUGUST 1, 2023

These capabilities help identify and block advanced threats like ransomware and cyberattacks in real-time on any type of endpoint. The number of apps keeps increasing and makes it hard for the IT team to manage and protect, and this may lead to patching being a full-time job.

Risk 54

Risk Management Real-time Visibility e2e 54

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

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. However, a singular focus on cost savings can be risky. Let’s consider a real-world example.

Procurement 52

Procurement Quality Innovation Cost of ownership 52

IBM Supply Chain Blog

JUNE 30, 2023

Organizations can’t work effectively if they don’t invest to keep their assets running cost-effectively throughout their lifecycle. To do that, technicians, facility managers, maintenance teams, reliability engineers and project managers need accurate, real-time information at their fingertips.

Management 60

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

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

These services deliver crucial benefits, including cost reduction through strategic sourcing and volume pricing, enhanced supplier performance through rigorous selection and management, improved compliance to regulations, and minimized risk of supply chain disruptions. ” – CEO of a leading e-commerce company.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Recent projects include the digital transformation of a worldwide service and repair parts program; enabling an OEM’s end-to-end supply chain visibility of outsourced manufacturers, assemblers, distribution hubs and 3PL’s; and forming a B2B business development capability for a successful B2C eCommerce company. Today, it’s more complex.

Leadership 42

Leadership supply chain software solutions Bill of materials Real-time Visibility 42

Empowering CPO

JULY 16, 2023

These services deliver crucial benefits, including cost reduction through strategic sourcing and volume pricing, enhanced supplier performance through rigorous selection and management, improved compliance to regulations, and minimized risk of supply chain disruptions. ” – CEO of a leading e-commerce company.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

TYA Suite

NOVEMBER 25, 2024

One of the often-overlooked benefits of sustainable procurement is its potential for significant cost savings. By prioritizing energy-efficient products and sustainable materials, organizations can reduce their operational expenses over time. These goals should be specific, measurable, achievable, relevant, and time-bound (SMART).

Sustainability 40

Sustainability Import Supply Chain Efficiency Procurement 40

IBM Supply Chain Blog

AUGUST 15, 2023

It’s a myth that “observability is always expensive” because there are various cost-effective options available for implementing observability in modern systems. They may require some effort to set up and manage, but they can be a cost-effective option to fit your budget.

Real-time Visibility 48

Real-time Visibility e2e Budget Cost of ownership 48

Jaggaer

JANUARY 23, 2025

US tariffs could hardly come at a worse time for Europes manufacturing powerhouse! But that would take time. A lot of time. Encouraging the reshoring/onshoring/nearshoring of suppliers or directing them towards lower cost countries could therefore adversely affect EU export business.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52