Arkestro

APRIL 23, 2024

Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. No spam, just relevant procurement news and tips.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

Una

AUGUST 2, 2022

Importantly, technology can monitor contract expiry dates to prevent auto-renewals and provide the procurement team with an opportunity to reconsider or renegotiate the contract. No procurement process can be considered fully automated without self-service. IoT proliferation. Self-service.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

NLPA (Next Level Purchasing Association)

MAY 7, 2023

When it comes to procurement, S & O Planning plays a critical role in ensuring that the right products are available at the right time, in the right quantities, and at the right cost.

supply chain budgeting 52

supply chain budgeting Demand Strategic planning Demand Planning 52

Procurement Heads

AUGUST 11, 2022

I managed to have a successful interview with Brett Whitfield, the Head of Procurement at the time. For four years I had the privilege to head up the commercial procurement team for UK and Ireland. I remember the day I applied for the vacancy at Nestle, I was invited to fly over for the interview.

supply chain budgeting 130

supply chain budgeting Supply Chain Efficiency Supply chain Leadership 130

Supply Chain Game Changer

MARCH 23, 2021

When a Procurement team is asked to find a new supplier to perform a particular service or supply a specific type of components, parts or materials there are a large number of steps required to bring this result to fruition. New Supplier and Materials Set Up. Warehouse Order Fulfillment.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

World of Procurement blog

MAY 8, 2024

The aim is to select the supplier that represents the best value and fit for the specific procurement need. Contract Negotiation After selecting the best supplier, the procurement team negotiates final contract terms like pricing, service levels, delivery timelines, warranties, and other legal and commercial conditions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

OCTOBER 24, 2024

When interdependence exists, handling the relationship with each supplier slightly differently to suit the supplier or situation can enhance collaboration and potentially bring better results. The Role of Communication in Supply Chain Collaboration Communication puts collaboration in motion.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Zycus Cognitive Procurement

MAY 31, 2022

Procurement departments are often overlooked when introducing innovative ideas or developing successful innovations for their clients; this overlooks how important these individuals really are (Gartner 2017). Here are four challenges the procurement teams , around the world, may encounter when launching a new product.

Procurement 40

Procurement Raw materials Price Demand 40