Procurement Tactics

JUNE 28, 2023

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. The key elements are typically: 1.

Supply Chain Efficiency 178

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

ivalua

OCTOBER 29, 2019

Suppliers need bidding and contract transparency. It is one thing to make tenders public, and another to offer suppliers visibility into the end-to-end bid management process and final award decisions. The public needs spend and supplier selection transparency.

e2e 113

e2e Procurement Bidding Contract 113

ivalua

SEPTEMBER 2, 2019

Orsay (France), September 02, 2019 – Viparis has chosen e-Procurement software vendor Ivalua and Consulting firm CKS to optimize the management of supplier relations, source-to-contract (purchase orders, calls for tender and contracts), expense analysis and measurement of Procurement performance.

e2e 133

e2e Procurement Purchase orders Project management 133

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

ivalua

JANUARY 27, 2021

3 Top Digital Transformation Blockers: Although 86% of AP professionals served by Hackett Group say digital transformation of the Purchase-to-Pay (P2P) process is of “critical” or “major” importance, few have been successful in making it happen. They also have a highly automated supplier onboarding process.

e2e 26

e2e Real-time Visibility Suppliers Supply Chain Optimization 26

ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Many large organizations implement a Procure to Pay platform with the aim to deliver efficiency, visibility, simplicity, and compliance.

e2e 130

e2e Suppliers Procurement Contract 130

ivalua

MAY 15, 2022

Currently, they’re seeing exceptional success in the purchase requisition, purchase order, and invoicing. To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. They’re also ramping up usage in contract management.

e2e 130

e2e Procurement supply chain budgeting Purchasing 130

ivalua

MAY 15, 2022

Currently, they’re seeing exceptional success in the purchase requisition, purchase order, and invoicing. To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. They’re also ramping up usage in contract management.

e2e 130

e2e Procurement supply chain budgeting Purchasing 130

Supply Chain Opz

MARCH 6, 2015

As pressure to improve supply chain cost performance increases for many companies, the evaluation and selection of competent suppliers becomes a key concern. Typically, total cost, quality, and delivery performance appear as critical factors in the supplier selection process. Skill gaps will continue to be a challenge for companies.

Supply Chain Optimization 111

Supply Chain Optimization Supply Chain Efficiency Supply chain e2e 111

ivalua

JULY 14, 2021

In order to truly cross this chasm, your business does not require major construction, but simply a supplier self-service portal. Ultimately, from an Accounts Payable perspective, they are tail-end suppliers, or even a one-time supplier. This portal acts as a bridge between the Invoice and the Electronic Payment.

Real-time Visibility 130

Real-time Visibility e2e Suppliers Purchase orders 130

IBM Supply Chain Blog

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Procurement Tactics

JUNE 8, 2023

It keeps track of inventory from the time it is purchased until it is sold to customers. Strategies may include negotiating shorter lead times with suppliers or finding alternative suppliers with quicker delivery times. Lead Time Management This technique refers to the time it takes from placing an order to receiving it.

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Una

AUGUST 30, 2022

A recent paper from Deloitte has helpfully categorized digital procurement into three areas: automated P2P (Procure-to-Pay), proactive SRM (Supplier Relationship Management), and predictive S2C (Source to Contract). How to Improve Strategic Supplier Relationship Management. Digital procurement game-changers. Better customer service.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Finale Inventory

JULY 9, 2024

Creating a purchase order is a vital step in managing inventory for your ecommerce business. A purchase order serves as a legally binding document between you and your suppliers, specifying the details of the items you need to purchase.

Purchase orders 52

Purchase orders Purchasing Inventory Real-time Visibility 52

Una

MAY 11, 2023

Who are the end-users? Who are the key suppliers ? This includes everything from identifying suppliers to negotiating contracts to managing supplier relationships. Look for solutions that streamline your procurement process, improve visibility, and enhance collaboration. Who are the decision-makers?

Procurement 98

Procurement Real-time Visibility e2e Purchasing 98

Supply Chain Game Changer

JULY 16, 2019

Supplier Relationships – Don’t go over to the Dark Side! Shortly after I joined the Commodity/Category Management Procurement organization I was invited to attend the annual Strategic Supplier Awards event. There were Executives from dozens of Suppliers in attendance. Suppliers may be called Preferred or Tactical.

Supplier relationship management 58

Supplier relationship management Suppliers Management e2e 58

IBM Supply Chain Blog

JUNE 30, 2023

3 steps to building healthcare supply chain resiliency Step 1: Improve visibility and proactivity Hospital systems work with multiple fragmented teams, technologies and processes to manage daily operations, leading to a pervasive lack of data visibility. Doing so streamlines purchasing power and optimizes inventory management.

Supply Chain Efficiency 77

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Real-time Visibility 77

Spend Matters

DECEMBER 21, 2023

In sourcing, the AI can rapidly analyze supplier options based on pricing, quality, sustainability and other factors to identify optimal partners, while also predicting performance to mitigate risk. AI-powered source-to-pay is the future At GEP, we leverage proprietary AI algorithms to streamline all procurement processes.

Procurement solutions 107

Procurement solutions Procurement e2e Real-time Visibility 107

Spend Matters

FEBRUARY 13, 2025

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. That system could tell you, for example, that the company had spent $XX million with a supplier on a particular ingredient or package. The Legal Department was a key champion as well.

Influencing 95

Influencing Procurement supply chain budgeting Strategic sourcing 95

ivalua

SEPTEMBER 24, 2020

Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

e2e 100

e2e supply chain budgeting Supply Chain Efficiency Suppliers 100

Jaggaer

FEBRUARY 20, 2025

Everything You Need to Know End-to-end process and end-to-end solution may be one of the most overworked phrases in business and IT. The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods. What is Source to Pay (S2P)?

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Supply Chain Game Changer

OCTOBER 1, 2019

Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand. Visibility to where goods were was largely limited to updates that came over the phone.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

Una

JULY 28, 2022

They monopolize supplier relationship s as the sole point of contact. They know what software they want and can be highly resistant when the procurement team attempts to get involved in the purchasing decision. Gain visibility and control of auto-renewing IT contracts, enabling the business to reconsider and renegotiate if necessary.

Procurement 98

Procurement supply chain budgeting Procurement team e2e 98

Spend Matters

OCTOBER 4, 2023

The power of supplier diversity in procurement: Driving business success through inclusion — Whether they are carrying out their own CSR strategy or responding to third-party initiatives and demands, businesses have their role to play in encouraging greater diversity among their suppliers.

Procurement 108

Procurement e2e Contract Sourcing 108

Supply Chain Game Changer

AUGUST 3, 2021

The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. There are many reasons for this lack of due consideration: Many Supply Chain operations, like manufacturing, purchasing, warehousing, and logistics are hands on, blue collar type jobs. Much of the training is in specific skills (eg.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

Spend Matters

SEPTEMBER 14, 2023

Risk reduction is especially important in the supply chain, where leaders are focused on supply and supplier transparency to assess vulnerabilities. We’re also seeing that suppliers are no longer being viewed simply as vendors, but strategic partners. Here are a few of the top concerns we’re hearing.

Procurement 111

Procurement Supply Chain Efficiency Category management e2e 111

Pipefy

JANUARY 31, 2023

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Let's Talk Supply Chain

AUGUST 12, 2024

Altana is the world’s first Value Chain Management System – a unified, comprehensive approach that goes far beyond supply chain risk management, with unprecedented visibility, contextualized netrt across business areas, and a collaborative network with end-to-end workflows to get jobs done. 52.14] The future for Altana. “An

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization e2e Supply Chain Efficiency 52

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. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

SCMDOJO

MAY 6, 2022

The growth of coding capabilities and accessible resources can help several firms consolidate data sources and create real-time visibility throughout the end-to-end supply chain using no-code development platforms. Get Visibility For All Stakeholders. However, Finance is now Fintech and Marketing is now Digital Marketing.

supply chain software solutions 138

supply chain software solutions supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 138

HICX

DECEMBER 1, 2022

Building the Optimal Supplier Experience. Providing an optimal supplier experience is only possible through a deep understanding of how your suppliers are expected to interact with an organization and then streamlining those processes in a ‘supplier-centric’ way. How to use segmentation to drive the supplier experience?

Suppliers 52

Suppliers e2e Import Demand 52

Jaggaer

DECEMBER 5, 2024

A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority. The Visibility Challenge: Why Seeing Clearly Matters A major insight from the report is the visibility gap, particularly with tier 2 and tier 3 suppliers.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 52

Supply Chain Game Changer

OCTOBER 11, 2022

The end to end electronic connectivity of all elements of the Supply Chain, as enabled by an extensive array of exciting new technologies, will define all progression over the next few decades. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain?

Supply chain 97

Supply chain e2e Supply Real-time Visibility 97

Spend Matters

FEBRUARY 25, 2025

However, adoption (by teams, by stakeholders, by suppliers) is not a reality for most organizations. Larger organizations likely have matured and updated their tech environment over many years with best-of-breed or suite solutions, so its easier for them to get the organization on board with an end-to-end digital transformation.

Real-time Visibility 108

Real-time Visibility e2e Procurement Negotiation 108

IBM Supply Chain Blog

FEBRUARY 19, 2024

Supply chain disruptions are caused by a variety of factors, from pandemics, natural disasters and political instability to supplier bankruptcy and IT failures. It can take many forms, from automated warehouse systems that pick and pack orders, to blockchain-based smart contracts to software that automates purchasing and invoicing processes.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

Supply Chain Game Changer

APRIL 21, 2020

So much time is spent in data entry, spreadsheet creation and manipulation, chart creation, purchase order changes, labelling, reporting and more that is wasteful. You download their app, take the goods off the shelf as you need and as you leave the store your purchases are automatically billed to you. There are no cashiers.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19