World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.

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Procurement Tactics

AUGUST 23, 2022

33 Procurement Interview Questions in 2022. Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . My name is Marijn Overvest, I'm the founder of Procurement Tactics.

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World of Procurement blog

MAY 20, 2024

Contract lifecycle management (CLM) software has become an invaluable tool for procurement teams looking to optimize their contracting processes. As procurement organizations deal with an increasing volume and complexity of contracts, they need solutions to effectively manage the entire contract lifecycle from request through closeout.

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Pipefy

FEBRUARY 13, 2023

While often used interchangeably, procurement and acquisition are two distinct resource strategies that fulfill two different needs with the help of various processes. Build better workflows with the Definitive Guide to Workflow Management Download now What is procurement? Is acquisition part of procurement? In a word, yes!

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Procurement Heads

NOVEMBER 9, 2022

Could you tell us a bit about yourself, your background and how you got into procurement? What roles and responsibilities does Procurement/ SRM have within Allianz? We’re certainly not shy when it comes to taking a seat at the table and making suggestions and challenges to help evolve the way things are done.

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Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Lots of European procurement tech startups are still in early or growth phase. Lots of European procurement tech startups are still in early or growth phase. Procuretech in Europe is buzzing right now.

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Procurement Software

MAY 14, 2024

Intake and procurement process orchestration is all about managing stakeholders as they navigate through the procurement process. Procurement is an intricate operation, with many moving parts and stakeholders, each playing a critical role in the harmony of your business operations. But, it’s way more than that.

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Spend Matters

APRIL 5, 2023

Categories: Contract Management , Procurement Systems & Architecture , Solution Providers , Source-to-Contract Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Spendflo and its solution for SaaS procurement and management. Having so many options is not always a good thing, though. Read more. )

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ivalua

JUNE 11, 2019

If you live in a city, state or country, which everybody does, your life and the lives of your family and friends is impacted directly by Procurement. No, I’m not referring to the Procurement department of your company (although, if Ivalua has anything to do about it, there are lots of interesting things happening there too).

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Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

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Procurement Tactics

DECEMBER 7, 2022

33 Procurement Interview Questions in 2022. The financial supply chain is new to many procurement professionals, especially those who have just started their journey in the procurement and supply chain industry. . The buyer can also source capital from banks or other financial providers at a lower cost or interest. .

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Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Spend Matters

JUNE 21, 2024

Intake and orchestration (I&O) solutions can transform initial customer requests and subsequent interactions for just about any business into streamlined, end-to-end, secure and transparent engagements. ” — Xavier Olivera, Lead Analyst, Downstream Procurement.

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Procurement Tactics

AUGUST 19, 2022

33 Procurement Interview Questions in 2022. Vendor sourcing . Contract negotiations. My name is Marijn Overvest, I'm the founder of Procurement Tactics. Want to take your negotiation results to the next level? Simply negotiating the pricing and performance leads to the completion of the contract. First Name.

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IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

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Procurement Software

JULY 4, 2023

Digital procurement tools offer buying teams a once-in-a-generation opportunity. What is digital procurement? Digital procurement is a process where technology is used to streamline the procurement process, both operational and strategic. What is procurement tech? What technologies power digital procurement tools?

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Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Pipefy

JUNE 15, 2023

As businesses complete their digital transformation and move away from complex (and often manual) legacy systems, modern procurement solutions are rapidly replacing traditional methods. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?

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Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

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Procurement Software

JANUARY 23, 2024

From the capital and beyond, German procurement startups are chipping away at a conservative business culture, making leaps and bounds towards modernising our profession. Our other article on 25 hottest European procurement startups features those German startups making waves way beyond their borders.

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Procurement Heads

NOVEMBER 9, 2022

Could you tell us a bit about yourself, your background and how you got into procurement? What roles and responsibilities does Procurement/ SRM have within Allianz? We’re certainly not shy when it comes to taking a seat at the table and making suggestions and challenges to help evolve the way things are done.

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The Good Spending

APRIL 30, 2023

It systematically and strategically handles all contract-related activities, including creation, negotiation, approval, implementation, and renewal or termination. CLM encompasses the entire contract lifecycle, including contract creation, negotiation, approval, execution, monitoring, and renewal. We explained it on the slide.

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Empowering CPO

JUNE 25, 2023

Understanding Procurement and its Business Significance At the heart of every thriving business is an effective and efficient procurement process. Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources. Introduction A.

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Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. What is strategic procurement? This also leads to more advantageous strategic sourcing. Why is strategic procurement important?

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Procurement Software

JUNE 20, 2023

Not only that, it also offers a single source of truth, having all of your contract documents and contract management data in one place. While this article focuses on procurement contract management software, some of these platforms also have features for Sales and Legal. We did a Live Demo stream with Cobblestone back in October 2022.

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ivalua

DECEMBER 18, 2019

Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Inside the modern enterprise, a variety of groups use supplier master data, including not just Procurement, but also: .

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Procurement Software

APRIL 4, 2023

Over the last few years there has been a fundamental shift in how the procurement function has been viewed within a business. Once seen as a back-office administrative function, procurement has rightly moved into the spotlight. A whole new breed of procurement tech platforms have sprung up since the outbreak of the pandemic.

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Arkestro

JUNE 6, 2023

Resources / Blog / What Does Finance Think of Procurement? What Does Finance Think of Procurement? Procurement and finance are two sides of the same coin. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets.

Supply Chain Efficiency 52

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Pipefy

OCTOBER 24, 2023

In either case, the impact on procurement and business operations can be profound. This gives teams more visibility and control by providing a central hub for all purchases, payments, and other information. Better visibility improves alignment between buyers, legal teams, and accounts payable.

Real-time Visibility 52

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Pipefy

JUNE 14, 2023

Spend analysis in procurement provides teams with actionable insights and improvements to optimize existing procurement processes, reduce costs, increase efficiency, generate bottom-line business value, and grow competitive advantages. Spend analysis is necessary for strategic sourcing. What is spend data?

Real-time Visibility 52

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Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

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Pipefy

JANUARY 5, 2023

Digitalization is no longer the leading edge of procurement innovation — it’s the new industry standard. Businesses of every size and in every industry are using digital procurement to standardize processes, unify systems, and contain costs. Companies that still rely on manual procurement processes are at a competitive disadvantage.

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Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. Procurement KPIs continually measure the progress of all things related to buying and obtaining goods and services necessary for a business’ operation.

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Spend Matters

AUGUST 10, 2023

In today’s business landscape, effective digital procurement strategies are vital for organizations to optimize spend, enhance operational efficiency and address risk while maintaining an ideal user experience. This content does not express the views or opinions of Spend Matters.

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Procurement Software

JULY 18, 2023

When you think of the best purchasing software solutions for SMEs, or procurement tech in general, you probably think “expensive” This list of 15 procurement tools specifically targeted to smaller and growing businesses will prove it’s not so. Source-to-Contract (S2C) 1. How do you define an SME?

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World of Procurement blog

MAY 8, 2024

Sustainability SCM plays a key role in corporate sustainability initiatives by reducing carbon emissions in transportation and promoting ethical sourcing. Source Sourcing involves identifying suppliers and negotiating pricing, lead times, quality, and other terms. Proactive risk management prevents major losses.

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Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer? ” Ouch!

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Pipefy

JULY 31, 2023

One way companies can become more agile and remain competitive despite economic uncertainties is end-to-end business process automation. Tasks, workflows, and business processes that lend themselves well to automation are those that are often built or managed through legacy systems and siloed data sources.

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