Procurement Tactics

AUGUST 19, 2022

Nowadays, the vendor management system is key to the success of any procurement team. Using it will help the procurement team to make the most of the supplier relationship. . It includes features such as built-in mobility, workforce visibility, automation process, increased security, and advanced reporting. .

Vendor management 130

Vendor management Management e2e Negotiation 130

Spend Matters

FEBRUARY 22, 2024

From siloed tools to unified process orchestration Isolated tools that originally helped companies organize and track operations gave way to automated procurement systems, which are now beginning to be nudged out by specialized third-party platforms that create a unified experience for internal and external stakeholders.

Supply Chain Efficiency 91

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 91

Jaggaer

DECEMBER 5, 2024

Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 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. So if it’s Finance, I talk about budget, both budget visibility and spend visibility.

e2e 89

e2e Procurement team Procurement Contract 89

Una

JULY 28, 2022

This is particularly true in terms of the procurement function. Is your procurement team territorial? Does your procurement team behave like a snapping saltwater crocodile? They know what software they want and can be highly resistant when the procurement team attempts to get involved in the purchasing decision.

Procurement 98

Procurement supply chain budgeting Procurement team e2e 98

Supply Chain Game Changer

OCTOBER 28, 2021

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

ivalua

DECEMBER 18, 2019

Of the teams on this list, Procurement is typically the only group consistently involved from end-to-end in supplier relationships and is traditionally responsible for supplier performance, which provides a unique perspective on: What data is needed? So where does this leave you on your procurement journey?

Data 100

Data Suppliers Management Procurement 100

Procurement Tactics

JUNE 28, 2023

Invest in Technology Leveraging procurement software or enterprise resource planning ERP systems offering a robust tracking and reporting capability. These tools allow for automated, integration to suppliers and visibility in procurement data at any time.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

JULY 20, 2023

This integration enables businesses to have real-time visibility into order status, inventory levels, and supplier performance, enabling them to make informed decisions and respond quickly to changing market demands. It provides real-time visibility into order status, inventory levels, and fulfillment processes.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Spend Matters

OCTOBER 26, 2023

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. But mobile phones have radically evolved since 1983, and procurement is still running into the same problems caused by relying on this strategy. Today please get to know akirolabs.

e2e 93

e2e Strategy Procurement team Procurement strategies 93

Procurement Leaders

JUNE 13, 2022

Securing this level of visibility in the construction sector is challenging for several reasons: Much of the work on HS2 is broken into stand-alone projects made up of unique combinations of contractors and suppliers. Share best practice on the effective management of uncertainties such as the Covid-19 pandemic and the Ukraine-Russia crisis.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract Supply 130

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. A dedicated CLM platform provides the automation, control, and analytics procurement teams need to maximize the value of contracts while minimizing risk.

e2e 52

e2e Real-time Visibility Procurement Contract 52

Spend Matters

NOVEMBER 16, 2023

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. Sudhir Bhojwani: “We aim to be the procurement front-end for companies. ORO is purpose-built to automate end-to-end workflows so they can do just that.

e2e 94

e2e Procurement Procurement solutions Innovation 94

Spend Matters

SEPTEMBER 14, 2023

What we do know is that supply chains often account for more than 90% of a company’s environmental footprint, and SAP can help provide visibility into the data across this value chain. We also know that the C-suite is increasingly looking at procurement leaders to play an essential role in helping companies achieve their ESG goals.

Procurement 106

Procurement Supply Chain Efficiency Category management e2e 106

Pipefy

OCTOBER 25, 2023

From reducing waste and containing costs to mitigating risks such as procurement fraud and inflated expenses, procurement’s insights and expertise can help businesses navigate some of their most pressing challenges. This means bringing the right people — including procurement — to the strategy table.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

Pipefy

JANUARY 30, 2024

Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and remain competitive.

Agile and Lean Supply Chain 52

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

Value Match

JULY 21, 2022

The impact of these reforms will be beneficial to both procurement teams and suppliers. Above all there has been no policing and no action taken on Contracting Authorities who are non-compliant with current policies, including the very basics such as publishing Contract Award Notices.

Strategy 96

Strategy Procurement Contract Bidding 96

Pipefy

JANUARY 4, 2023

But the inherent complexity of the procurement process means that it’s also prone to inefficiencies, errors, and broken handoffs. That makes procurement automation more important than ever. Escalating supply-chain volatility and inflation put pressure on procurement teams to “do more with less.” Containing costs.

Procurement 52

Procurement Procurement team Purchase orders e2e 52

Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

Supply Chain Game Changer

MARCH 28, 2020

So if your Procurement team is truly a transactional based organization today then your focus needs to be on getting it out of the dark ages and into modern times. The starting point is defining where you Procurement team is on the Procurement Value Chain continuum. Procurement 101. Keep Buying Procurement!

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Pipefy

OCTOBER 24, 2023

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. Pipefy also makes it easy for procurement teams to standardize and structure their processes and workflows.

Real-time Visibility 52

Real-time Visibility e2e Procurement Procurement team 52

Arkestro

DECEMBER 12, 2022

What Are the Biggest Procurement Challenges in Health and Pharma? Beyond procurement teams working within the constraints of profit and cost savings, lives are at stake. Supply Chain Visibility. Supply chain visibility is another critical issue. Easy communication with suppliers is vital. Geographic Market Shifts.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Pipefy

JANUARY 31, 2023

Procurement risks occur wherever visibility and control are limited. Unoptimized P2P processes pose risks not only for procurement and accounts payable teams but also for the business as a whole. Purchases that evade compliance policies occur when visibility is limited by data or collaboration silos.

Risk 52

Risk Procurement e2e Purchase orders 52

Pipefy

MAY 23, 2023

It also provides visibility into your entire invoice workflow, from issuance to payment. Automating these tasks frees procurement teams to focus their working hours where they’re most needed. End-to-end integrations A new digital procurement tool may replace a few software systems in your tech stack.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Spend Matters

JUNE 24, 2024

Orchestration : Beyond the technical aspects, how does the system handle data harmonization, task handover and visibility, and automation? Consider these potential overlaps: Sourcing : Intake enables procurement teams to get earlier visibility and involvement in demand for spend.

e2e 77

e2e Contract Sourcing Buyers 77

Pipefy

JANUARY 5, 2023

Companies that still rely on manual procurement processes are at a competitive disadvantage. That’s because manual procurement processes tend to be inefficient, fragmented, and error-prone. Fortunately for procurement teams, the shift from manual to digital procurement has never been easier or more cost-effective.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Pipefy

FEBRUARY 3, 2023

Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases. Automated invoice processing simplifies end-to-end invoice processing activities by eliminating the time and costs associated with manually processing invoices.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Pipefy

FEBRUARY 13, 2023

This is essential for strategic sourcing , a critical process for developing various channels of supply that helps procurement teams leverage their purchasing power and secure better deals. This not only improves procurement efficiency , but it also conserves valuable employee time previously spent on managing painstaking spreadsheets.

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

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 analytics creates the visibility procurement teams need to complete a spend analysis.

Real-time Visibility 52

Real-time Visibility e2e Contract Procurement team 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

Sourcing and procurement teams may also strategically leverage data and intelligence to determine which supplier will provide the most value and minimize the total cost-to-serve. Solutions like the IBM Sterling Fulfillment Optimizer help teams execute new sourcing decisions in real time to meet fluctuating customer demand.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

HICX

MAY 12, 2023

Automate the simple As Sam explains, “We need to break our procurement teams free from the day-to-day tasks that burden them.” In his words, “If we don’t have visibility of it, we don’t know where to go at it.” Analytics, on the other hand, done correctly, can provide this visibility.

e2e 52

e2e Real-time Visibility Supply chain resilience Supply chain 52

Jaggaer

OCTOBER 24, 2024

Furthermore, you can provide assistance through efficient communication and encouragement combined with SRM or supplier development. 6: Leverage Technology for Streamlined Processes With a n intelligent, purpose-built source-to-pay (S2P) and supplier collaboration platform , you can cover every aspect of your end-to-end S2P lifecycle.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

Jaggaer

OCTOBER 24, 2024

Value chain : Transparency in operations and across multiple supplier tiers gives you visibility into potential gaps in supply continuity. Your procurement team can respond by prioritizing efficient supplier collaboration combined with SRM to facilitate easier and more consistent engagement. Performance and stability can waver.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Pipefy

JANUARY 11, 2023

In order to prepare for the next great disruption, a total overhaul of processes through procurement transformation is required to unlock a business that will not only survive but thrive as well. What is procurement transformation? What is a procurement transformation strategy? A profound break in how procurement teams work.

Strategy 52

Strategy supply chain software solutions Procurement Agile and Lean Supply Chain 52

Let's Talk Supply Chain

JUNE 27, 2022

Arguably the biggest issue facing importers today is the lack of visibility and transparency in their supply-side networks. Mercado Plan is purposefully designed to bring greater visibility, transparency, and (crucially) trust to the ways in which businesses work and engage with their third-party partners.

Import 52

Import Supply Chain Efficiency Agile and Lean Supply Chain e2e 52

Zycus Cognitive Procurement

DECEMBER 10, 2021

A Source-to-Pay cycle is a holistic approach that covers end-to-end procurement lifecycle. This empowers the sourcing team to drive much higher value by streamlining the supplier base and minimizing risk by ensuring business continuity. So, the next question should be “how fast?”.

Sourcing 52

Sourcing e2e Contract supply chain budgeting 52

Supply Chain Game Changer

JULY 16, 2019

Prior to joining the Procurement team I had neither understood nor appreciated the importance of Supplier Relationship management. The Strategic Supplier contributes in a meaningful and visible way to the value of the Customer. end to end connectivity) with your systems You should recognize suppliers visibly.

Supplier relationship management 58

Supplier relationship management Suppliers Management e2e 58