Procurement Tactics

AUGUST 23, 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. . Enhancing strategic sourcing through data analysis. Enhanced contract visibility.

Contract management 130

Contract management Contract supply chain software solutions Management 130

World of Procurement blog

MAY 10, 2024

This supports strategic sourcing efforts. With the ability to handle huge volumes of data, operate 24/7, and continuously learn from experience, AI can bring new levels of speed, efficiency, and insight to procurement teams looking to transform strategic sourcing, supplier management, and end-to-end procurement processes.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

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

Spend Matters

SEPTEMBER 14, 2023

Strategic sourcing remains critical, especially given our inflationary environment. 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. A recurring request is to reduce risk and contain costs.

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Procurement Supply Chain Efficiency Category management e2e 109

Procurement Tactics

JUNE 28, 2023

These tools allow for automated, integration to suppliers and visibility in procurement data at any time. Furthermore, it enables businesses to implement strategic sourcing practices, strengthen their suppliers, and bargain volume of discounts through monitoring expenditure patterns and identification of cost drivers.

Supply Chain Efficiency 178

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

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Jaggaer

OCTOBER 24, 2024

Value chain : Transparency in operations and across multiple supplier tiers gives you visibility into potential gaps in supply continuity. Information sharing through supplier collaboration supports effective inventory management and enables you to plan proactively while identifying risks such as shortages and delays.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Pipefy

FEBRUARY 13, 2023

Typically, the source-to-pay process is used to fulfill needs like finding new suppliers that offer lower prices, better terms, or goods/services not offered by current suppliers. S2P software automatically generates and shares these documents with suppliers and stores them securely in an eVault for easy access and visibility.

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

Procurement Software

MARCH 5, 2024

Their platform also offers thorough spend intelligence, allowing for in-depth strategic sourcing. It is optimised for sourcing raw materials and purchased parts in manufacturing businesses. Additionally, analytics features grant you deeper visibility into your supply chain.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 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. Spend analysis is necessary for strategic sourcing. Spend analytics creates the visibility procurement teams need to complete a spend analysis.

Real-time Visibility 52

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Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Solvoyo

MARCH 29, 2020

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

IBM Supply Chain Blog

DECEMBER 13, 2023

These increase accuracy and productivity, track purchases and offers data visibility that informs decision making and reduces risk, inefficiencies and time-consuming delays. Benefits of a successful procurement strategy By implementing strategic sourcing and purchasing opportunities, organizations can achieve substantial cost savings.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Pipefy

DECEMBER 20, 2023

Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. This also leads to more advantageous strategic sourcing. Why is strategic procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Solvoyo

MARCH 29, 2020

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

Procurement Software

MAY 14, 2024

Key Takeaways: Why we need Intake and Procurement Process Orchestration Streamlining of Procurement Process: Process orchestration simplifies the intricate procurement process by automating and integrating each step from intake to procurement, ensuring operational efficiency and strategic alignment with business objectives.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Procurement Software

MARCH 7, 2023

However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Pipefy

JANUARY 11, 2023

Procurement teams are now expected to perform as a strategic, value-creating business partner that improves business agility, financial visibility, process resilience, and competitiveness. Learn more about strategic sourcing optimization. An abundance of manual work and rapidly changing processes.

Strategy 52

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

Pipefy

JANUARY 4, 2023

This guide takes an in-depth look at procurement automation to help you understand how and why more businesses are turning to this technology to contain costs, improve visibility, and protect themselves from supply chain disruptions. For example, workflows such as sourcing , vendor onboarding, RFP, and P2P. Preventing missed handoffs.

Procurement 52

Procurement Procurement team Purchase orders e2e 52

Pipefy

JANUARY 5, 2023

Other motives for automating procurement include solving for high error rates, reducing manual work, and adding visibility to the different workflows and processes that fall under the procurement process umbrella. Enhancing visibility and control. Enhancing visibility and control. Strategic sourcing.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Procurement Software

DECEMBER 5, 2022

However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.

Sourcing 52

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

Empowering CPO

JUNE 25, 2023

Through tools like spend analysis, businesses can gain in-depth insights into their spending patterns, identify cost-saving opportunities, and drive strategic sourcing. Today’s spend analysis tools are cloud-based platforms that provide end-to-end spend analysis capabilities.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

Procurement Software

JUNE 4, 2024

Recognised for its ability to significantly reduce production lead times and improve supply chain visibility, Jiga has earned the trust of top-tier global companies. By focusing on electronic component sourcing and strategic supply chain management, Part Analytics has carved out a unique niche.

Supply Chain Efficiency 52

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

HICX

AUGUST 4, 2022

Caption: Adam Brown, Procurement Strategy & Transformation, Maersk; Carmen Erhardt, Head of Digitalization, Henkel; Anthony Payne CMO, HICX; Ragnar Lorentzen, CCO, HICX; Nils Andersson, Senior Manager – Head of Strategic Sourcing Process, Orkla; and Aleks Hajdas PTP Program Lead, JTI share their views on Supplier Experience.

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Procurement Software

JANUARY 23, 2024

End-to-end encryption provides a uniquely secure way to sign and store contracts, eliminating the need for dedicated servers and VPN connections. Matchory Matchory is a German procurement startup offering a data-driven strategic sourcing solution. The app is built around its large supplier database.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52

Empowering CPO

JULY 2, 2023

These services can cover a wide range of activities, from strategic sourcing and contract management to spend analysis and supplier risk management. Our managed procurement services cover all aspects of procurement, from strategic sourcing and contract management to spend analysis and supplier risk management.

Risk management 40

Risk management Risk Suppliers Management 40

Supply Chain Trend

DECEMBER 22, 2023

However, only 3% of companies apply automated execution and 7% autonomous end to end planning. For example a monthly triggered risk analysis (set of simulations) from your e2e supply chain. We’ve entered an AI era where 76% of work can be augmented or automated. 2% of managers apply best practice decision methods.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Procurement Software

JULY 18, 2023

Procoto offers features including: Strategic sourcing Smart databasing Workflow approvals RFP management Data transformation The platform’s tools and analytics aim to level the playing field between small and large companies – giving leverage to SMEs. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Planergy

SEPTEMBER 12, 2023

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. How to report and analyze indirect spend to identify savings opportunities.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

JANUARY 15, 2019

We’ve built a peerless network in the areas of Procurement, Logistics, Change Management, Strategic Sourcing, Planning, and other functional areas in Supply Chain. The rise of digital has a big part to play in that, with end-to-end visibility, S&OP, network planning, and AI and Blockchain will change it even more.

Leadership 47

Leadership Supply Chain Efficiency Supply chain Supply chain management 47

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. Automation of procurement processes, along with a seamless integration of the other systems such as ERP, WMS, and TMS, will ensure enhanced supply chain visibility. Conclusion.

Supply Chain Efficiency 19

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

Supply Chain Game Changer

NOVEMBER 10, 2018

They may even take over the provisioning of an entire end-to-end solution. But when properly structured as an initiative to develop a key capability, it will not be insurmountable (no more so than developing strategic sourcing capabilities was 20 years ago). Visibility into customer demand and supplier performance.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

World of Procurement podcast

NOVEMBER 7, 2021

What we're trying to offer is effective from, I mean, not end to end, because we don't offer sourcing at this stage, but effectively end to end procure to pay solution for long tail. I guess that's kind of the, what's going to allow you to do that. 19:46 Natasha Exactly. So, so exactly right. They're also there.

Procurement 52

Procurement Suppliers supply chain software solutions Contract 52

Procurement Software

MAY 16, 2023

It offers the full range of functions you need from an end-to-end platform: Strategic Sourcing Contract Management Procurement Accounts Payable automation Payments and Supplie Management Actionable Data Insights. They are not an end-to-end procurement software suite.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Supply Chain Game Changer

SEPTEMBER 16, 2020

The rise of big data in various manufacturing and logistics industries, the development of sophisticated ERP systems, and end-to-end Supply Chain visibility has made it a crucial strategic function for companies looking to get an edge in highly-competitive industries like Consumer Goods, Food Production and Pharma.

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Supply chain Leadership Supply Supply chain management 54