SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. They can be businesses or individual consumers who expect their orders to be delivered in a timely manner and in good condition.

Contract 98

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 98

Procurement Software

MARCH 11, 2022

This can definitely save a lot of manual work. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. The Category Manager or Data Analyst can eliminate a huge chunk of work thanks to automation. Ask yourself: do you need it to be powered by AI?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

This can definitely save a lot of manual work. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. The Category Manager or Data Analyst can eliminate a huge chunk of work thanks to automation. Ask yourself: do you need it to be powered by AI?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Pipefy

AUGUST 18, 2023

Process discovery includes the identification and definition of activities and tasks comprising a process; its purpose is to make all stages in a process visible in order to ensure clear responsibility for each of those phases. These inefficiencies lose hours and money that can add up to huge amounts of waste over time.

Import 52

Import Real-time Visibility e2e Data 52

TYA Suite

DECEMBER 16, 2022

By managing vendors effectively, companies can control costs, minimize risks, provide outstanding service to customers, and generate maximum profits from the relationship. If you think of a step-by-step formula for your vendor management process it would definitely look like the points discussed below.

Vendor management 52

Vendor management Management Real-time Visibility supply chain software solutions 52

Pipefy

JUNE 14, 2023

Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. Make better data-driven dissections The Definitive Guide to P2P Optimization Download now What is spend analysis? focusing solely on cost reduction, 3.

e2e 52

e2e Real-time Visibility Contract Procurement team 52

Pipefy

AUGUST 10, 2023

Unlock greater process efficiency with the Definitive Guide to Business Process Automation Get free guide What is process intelligence? Process intelligence is the use of methods and tools — usually in the form of software – to provide greater control over process management. Reading recommendation: What Is Workflow Management?

Real-time Visibility 52

Real-time Visibility e2e Data Risk 52

Procurement Software

JUNE 20, 2023

But then we also included a couple in here which are a bit more specialist, focusing on one or two specific aspects of contract management. We plan to refresh the article a couple of times a year, as solutions are constantly adding features and new solutions come onto the market. The European Union takes a very similar definition.

Contract management 52

Contract management Contract e2e Management 52

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. Effective modern procurement requires end-to-end process tracking to both view and control the costs, sourcing, quality, and delivery times associated with acquired goods and services.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Software

FEBRUARY 20, 2024

It also has an analytics system claiming to focus on risk management rather than retrospective troubleshooting. M&A) The solution gives you full spend visibility. It provides data transparency through a simple yet powerful dashboard, as well as identification of potential value leaks and real-time cost optimisation insights.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Pipefy

MAY 23, 2023

Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses. Savvy leaders are quickly adopting e-procurement solutions to lower the time, costs, silos, and strained supplier relationships that plague manual operations.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Pipefy

JANUARY 9, 2024

We will dive into common challenges, innovative solutions, and the transformative impacts of these improvements in processes such as: IT incident management and how to streamline IT operations for faster resolution and improved service quality. Enhanced IT service quality.

Real-time Visibility 52

Real-time Visibility Contract management Contract Management 52

World of Procurement podcast

JUNE 15, 2021

We covered a lot of ground in this 25-minute podcast and this podcast is going to be exceptionally beneficial to you if you are currently looking at your supply chain and wondering how can we improve visibility, how can we reach our sustainability goals using our supply chains and how do we know what is in this product?

Sustainability 52

Sustainability Real-time Visibility Supply Chain Efficiency Procurement 52

Una

OCTOBER 31, 2023

You prepare their favorite snack only to be informed that while it was their favorite snack yesterday, it’s definitely not their favorite snack today. To fear change is human but thankfully, there are ways to make your procurement changes desirable to stakeholders so that when the time comes you're not met with resistance.

Change management 52

Change management Management Procurement Leadership 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. Improved data accuracy: Digital systems reduce the risk of human errors, ensuring accurate data for better decision-making.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 16, 2023

This comprehensive visibility into an organization’s spend data is the cornerstone of strategic sourcing and purchasing decisions. Definition of Spend Analysis At its core, spend analysis is the process by which procurement data is collected, cleansed, classified, and analyzed.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Empowering CPO

JUNE 27, 2023

Understanding Spend Analysis Definition and purpose of spend analysis Spend analysis is the process of systematically examining and analyzing an organization’s spending data to gain valuable insights and make data-driven decisions.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Empowering CPO

JUNE 20, 2023

Risk Management: A thorough Spend Analysis can uncover hidden risks within the supply chain, such as over-dependence on a single supplier or potential compliance issues. By identifying these risks early, organizations can develop contingency plans and strategies to mitigate them.

Supply chain management 40

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

Empowering CPO

JUNE 27, 2023

Throughout the blog, we will cover various aspects of spend analysis, including its definition, benefits, and best practices, while highlighting EmpoweringCPO’s unique approach and commitment to delivering exceptional services. Accurate classification enables better visibility and analysis of spend patterns across different categories.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Empowering CPO

JUNE 14, 2023

Definition and Purpose of Procurement Procurement is a multi-faceted function that goes beyond the simple acquisition of goods and services. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 20, 2023

Definition of Tail Spend and Its Importance in Procurement Tail spend, or non-strategic spend, typically refers to the approximately 20% of a company’s purchases that account for about 80% of its suppliers. The company was able to recoup a significant portion of this loss by implementing a strategic tail spend management program.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Planergy

DECEMBER 16, 2024

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This article will explore machine learning in finance, including its definition, brief history, and how it differs from artificial intelligence.

Real-time Visibility 52

Real-time Visibility Data Spend management Risk 52