Procurement Templates

NOVEMBER 21, 2024

Coupa, Ariba) Data analytics tools (e.g., Coupa, Ariba) Data analytics tools (e.g., Coupa, Ariba) Data analytics tools (e.g., Coupa, Ariba) Data analytics tools (e.g., Conduct Supplier Assessments: Regularly evaluate supplier performance using scorecards focused on quality, delivery, and cost.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Spend Matters

DECEMBER 23, 2024

Metrics around supplier consolidation and spend concentration are also common. Customers use Onventis to consolidate suppliers and negotiate better terms. GDPR alignment, secure data storage) reduce organizational risk. We have Europe-based data storage and robust compliance controls for companies prioritizing data protection.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

Spend Matters

NOVEMBER 26, 2024

Spend analytics vendors do what their name implies: they derive insights from spend data. Many spend analytics vendors apply that analytical expertise elsewhere, such as contracts, carbon emissions or supplier performance. This piece covers how risk data specifically comes into play for traditional spend analytics vendors.

Risk management 117

Risk management Risk Management Contract 117

Spend Matters

NOVEMBER 25, 2024

Spend analytics is crucial for procurement teams as it provides valuable insights into the organization’s spending patterns, supplier performance and potential cost-saving opportunities. Additionally, it can model and marry a variety of data alongside the spend, from contracts to risk.

Procurement team 117

Procurement team Market analysis Strategic sourcing Strategic sourcing 117

Spend Matters

NOVEMBER 4, 2024

By providing a unique supplier portal that integrates data from various ERP systems, IDAS helps manufacturers maintain on-time delivery rates, ensuring operational efficiency and stability in complex supply chains. It leverages data to provide customers with insights to ensure supply continuity.

Supply Chain Efficiency 114

Supply Chain Efficiency Management Supply chain Buyers 114

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

SCMDOJO

JANUARY 9, 2025

Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Done well, it can become a key driver of competitive advantage.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. What is supplier collaboration?

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

Spend Matters

DECEMBER 16, 2024

Together, these disciplines empower organizations to handle tariff-related risks (and a broader range of supply chain challenges that extend well beyond tariffs) because they provide the visibility and data granularity necessary to handle tariff complexities.

Agile and Lean Supply Chain 110

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 110

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Spend Matters

NOVEMBER 19, 2024

Yes, we’ve seen a clear increase in demand for risk-related technology from our customers, driven by the growing complexity and volume of data they are required to manage. Today’s organizations expect risk technology to not only provide data but also enable quicker decision making and faster action that leads to measurable impact.

Risk management 110

Risk management Risk Management Real-time Visibility 110

Spend Matters

NOVEMBER 7, 2024

Halo Ai uses AI models to connect, correlate and contextualize real-time data points to bring customers the full risk story. Even though it is a young company, through partnerships, it has financial and cyber data on millions of companies already in its system. Other key capabilities are on the roadmap but not yet live.

Risk management 111

Risk management Risk Suppliers Supply chain 111

Jaggaer

OCTOBER 24, 2024

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Growth Strategic supplier relationships are vital for supporting business growth.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

Procurement Leaders

AUGUST 19, 2024

Data has become the lifeblood of business. The challenge, as we all well know, is finding the right data, at the right time, and applying it to the right situations to elevate both the quality and impact of decision-making. This is, of course, a two-way street: data challenges are in no way unique to CPOs and their teams.

Data 130

Data Price negotiations Procurement team Procurement 130

Barkers Procurement

DECEMBER 12, 2024

It will require careful planning across multiple areas, not the least of which is supplier relations. And this is where CPOs must take heed: while relationships with key suppliers are crucial, smaller businesses must not be neglected. There is, but only with a mindset that prioritises a smooth relationship with small suppliers.

Suppliers 52

Suppliers Bidding Negotiation Procurement team 52

Planergy

MARCH 19, 2025

How AP can improve relationships with your key suppliers. Effective supplier management is essential for educational institutions. Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. What is Supplier Management?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Spend Matters

NOVEMBER 7, 2024

This experience underscored the broader market gap for a solution capable of consolidating data from reliable sources, creating a risk profile for each third party and generating an intrinsic risk score that evolves into a manageable residual risk score once mitigation controls are applied. What is the road ahead for Halo Ai?

Supply Chain Efficiency 111

Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

Spend Matters

OCTOBER 31, 2024

A network approach where suppliers maintain rich information on their cost structures (SG&A, machine rates, etc.) Instead of using RFXs, buyers and suppliers could benefit from the cost modeling and calculation capabilities to define and optimize prices of parts and products. to provide deep and accurate insights and auto-costing.

Buyers 114

Buyers Raw materials Networking Suppliers 114

The Thomas Blog

JANUARY 15, 2025

Here at Thomas , we've been powering North Americas largest and most active network of B2B buyers and industrial/commercial suppliers for more than 120 years. We understand the challenge of finding the best and most reliable suppliers. Thomas makes it easy to filter search results to find the suppliers that fit your needs.

Sourcing 98

Sourcing Export Suppliers Quality 98

ivalua

JANUARY 31, 2023

By integrating the EIC’s functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

Spend Matters

DECEMBER 30, 2024

Operational: The time saved and operational excellence improved by automation of tasks, improved data analytics and process optimization (> OPEX reduction/optimization) is greater than 20%-50% of total FTE. Cleanliness of master data and/or the overall ability to integrate existing systems with new Procuretech.

Supply Chain Efficiency 111

Supply Chain Efficiency Supply Chain Optimization Cost of ownership Procurement 111

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Spend Matters

JANUARY 23, 2025

The momentum around this ‘best practice’ has been further accelerated by the marketing efforts of market intelligence companies selling data and even a few purpose-built software platforms to make these efforts more efficient and accurate. supplier count, event size).

Price 104

Price Negotiation supply chain software solutions Supply Chain Optimization 104

Spend Matters

OCTOBER 30, 2024

As part of our series on all aspects of risk management, we are taking a look at the digital capabilities of risk solutions (supplier risk management, TPRM and SCRM).

Risk management 114

Risk management Risk Management Collaboration 114

Spend Matters

JANUARY 7, 2025

Ramps transaction data indicates a 24% rise in year-over-year software spend. Contracts signed without proper review may expose businesses to compliance and liability risks, while purchases made without security checks can create data vulnerabilities. Think of all suppliers as partners integral to operational efficiency.

Procurement 117

Procurement Purchasing Vendor relationships Suppliers 117

Procurement Tactics

FEBRUARY 19, 2023

Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data. Additionally, it can identify potential suppliers based on their industry, location, or product/service offerings. Here are some ways ChatGPT can help procurement professionals: 1.

Procurement 287

Procurement Market analysis Contract Suppliers 287

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

Procurement Leaders

OCTOBER 7, 2024

Challenge Pharmaceutical company Gilead has a well-established supplier emissions-reduction programme and science-based targets, but aims to increase its use of primary data – especially among suppliers it considers most critically important.

Suppliers 130

Suppliers Supplier relationship management Import Collaboration 130

Spend Matters

FEBRUARY 26, 2025

Despite the cold weather, the room was filled with passionate public procurement practitioners and suppliers who were eager to chat and learn. Its ability to match suppliers with buyers in the public sector and address complex governmental structures and processes has played a key role in its ongoing success.

Procurement 116

Procurement Bidding Contract management Data 116

SCMDOJO

MARCH 14, 2025

It emphasizes the need for fair competition among suppliers and aims to eliminate corrupt practices that have historically plagued government contracts. It emphasizes the need for fair competition among suppliers and aims to eliminate corrupt practices that have historically plagued government contracts.

Procurement 90

Procurement Bidding Competitive bidding Contract 90

Procurement Insights

MARCH 11, 2025

What is the difference between RAM and forestreet: Here are a couple of excerpts: RAM leveraged advanced self-learning algorithms through agent-based adaptability, interactive feedback loops, and a relational integration of data, enabling it to refine procurement strategies autonomously. government) Modern MRO (e.g.,

Suppliers 52

Suppliers Strategic sourcing Strategic sourcing Procurement strategies 52

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Heads

JULY 14, 2022

Kaleida, which was founded by Jason Roberts in 2019, connects buyers to diverse suppliers and helps procurement functions achieve their Environmental, Social and Governance (ESG) goals while alerting supplier companies to new revenue opportunities. Kaleida’s fully inclusive platform is a golden source of data.

Procurement 246

Procurement Leadership Buyers Suppliers 246