Bonfire

APRIL 3, 2023

For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay. Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Claritum

FEBRUARY 14, 2019

Gaining Visibility and Control. Decentralised), the products having unique/custom requirements, and/or sensitive time-lines and quality standards that cannot be compromised. 3 Gaining Visibility and Control. How does an organisation gain visibility and control over a complex spend category? Introduction. Technology Hype.

Real-time Visibility 36

Real-time Visibility Spend management Management Eprocurement 36

Claritum

JANUARY 25, 2019

However, Supply Chain Management technology is beginning to catch on with SMEs, largely because of the significant cost control benefits and the increasing emphasis on control of supply chains and the internationalisation of these supply chains. See our article on eProcurement adoption for more details on this. 1 Introduction.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

Procurement Insights

AUGUST 14, 2024

Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Supply Chain Visibility and Risk Management 3. Cost Management and Efficiency Optimization 5.

Real-time Visibility 49

Real-time Visibility Supply Chain Visibility Supply Chain Efficiency Supply Chain Optimization 49

Procurement Insights

OCTOBER 20, 2023

At the time, it was as much whimsy as it was reasonable contemplation. I say reasonable because that was the time when many people started asking the question, “Why can’t buying at work be as easy as it is at home on Amazon? . ” Comparison Results: Amazon AWS is the clear winner in this comparison.

Buyers 78

Buyers Real-time Visibility Eprocurement Procurement 78

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Claritum

FEBRUARY 4, 2020

In this article we look at what we think are the 5 most important steps towards effective eProcurement. Image of the 5 Steps to best practice Visibility, Control, Efficiencies, Savings and Creating value. Visibility. Without visibility of spend you cannot progress. Without visibility of spend you cannot progress.

Real-time Visibility 41

Real-time Visibility Procurement Supply Chain Efficiency Spend management 41

Claritum

MAY 2, 2019

If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? However, Procurement is also driving or a key player in: Environmental impact analysis (risk management). Ethical checks and assurances (risk management). Total lifecycle costs / Managing profitability.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

NLPA (Next Level Purchasing Association)

APRIL 24, 2024

A report by the Dubai Chamber of Commerce and Industry states that digitizing procurement processes can reduce processing times by up to 60%. Simplified Auditing : Auditing procurement activities can be tedious and time-consuming. Cashless procurement systems automate these tasks, streamlining the entire workflow.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Pipefy

MAY 9, 2023

Effective modern procurement requires end-to-end process tracking to both view and control the costs, sourcing, quality, and delivery times associated with acquired goods and services. and allows you plenty of time to find replacement suppliers should the quality or lead times of existing ones diminish.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Zycus Cognitive Procurement

NOVEMBER 29, 2022

In good times, operating leverage (ratio of fixed and variable costs) can supercharge profit growth. However, in times of growth, new costs and expenses also tend to creep in, and over time, these costs harden and morph into fixed cost structures. In troubling times, high operating leverage comes back to bite, crushing profits.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Claritum

JUNE 25, 2019

Bath, UK (June 25, 2019) – Claritum, together with Setsquared and the University of Southampton Business School, has secured an Impact Acceleration Award* focused on using AI Data Analytics to identify issues, gain better spend visibility and make faster business decisions. Rick Hillum, Executive Chairman at Claritum. ” Setsquared.

Real-time Visibility 36

Real-time Visibility Eprocurement Procurement Data 36

Procurement Software

FEBRUARY 20, 2024

Founded in 2016, the company is led by two experienced procurement and management experts. It serves Fortune 500 companies, and in 2020 the platform managed more than $150M of spend. It also has an analytics system claiming to focus on risk management rather than retrospective troubleshooting. Key Data: Founder / CEO: Gregory N.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Procurement Software

JULY 18, 2023

We also touch on a few more niche solutions for SMEs, for example project management software, supplier intake, accounts payable automation, “build-a-bot”, as well as a negotiation planning guidance tool. This is a great solution for either “lone ranger” procurement managers.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Software

APRIL 25, 2023

Indeed, in the current inflationary environment, it’s procurement that has real power to move both the top and bottom line. Therefore, now is the time for all businesses to embrace the benefits of digital procurement software. Whether it’s visibility over your processes, enhancing your data , or contract management software.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 52

Claritum

OCTOBER 3, 2017

Typical procurement solutions focus on strategic procurement within large enterprises, whereas there is a significant demand for easy-to-use tools for mid-market companies to manage this type of expenditure. Today, Claritum’s cloud based spend management platform streamlines the buying and selling of products and services.

Real-time Visibility 32

Real-time Visibility Procurement Supply Chain Efficiency Supply Chain Optimization 32

Zycus Cognitive Procurement

DECEMBER 1, 2021

A McKinsey and University of Oxford research suggests that on average, large IT projects run 45% over budget and 7% over time while delivering 56% less value than predicted *. Every transformation journey is nothing short of an off-road adventure that can be compelling and challenging at the same time. Casino Royale.

Procurement 40

Procurement Real-time Visibility Budget Eprocurement 40

Claritum

MAY 20, 2019

Procurement automation should speed up processes and free employees from repetitive time-consuming administration. Common problems, in the procurement process, that can be fixed by automation include: the approval process is manual and time consuming. This encourages use and also minimises the time needed for staff training.

Procurement 32

Procurement Real-time Visibility Eprocurement Bidding 32

Claritum

NOVEMBER 23, 2017

Visibility. Businesses that use email for purchasing lack visibility of their spending. The data they needed was buried in email trails and had to be re-keyed in order to present to management. Any questions can be fired back and forth with suppliers or co-workers to check before the order is placed.

Real-time Visibility 32

Real-time Visibility Procurement Buyers Negotiation 32

Claritum

JULY 16, 2019

This article proposes that Indirect Spend requires a significant and separated level of focus and automation to ensure that the organisation is cost efficient over time. Some areas, such as utilities, can be managed directly and characterised in the same way as a strategic purchases. Seeking savings and purchasing efficiencies.

Procurement 32

Procurement Purchasing Supply Chain Efficiency Real-time Visibility 32

Procurement Insights

JANUARY 19, 2025

Comprehensive eProcurement platforms were not yet prevalent. However, a few pioneering solutions began to emerge, laying the groundwork for future advancements: American Management Systems (AMS) Procurement Desktop-Defense (PD) : Overview : AMS developed PD as part of the U.S. Reference : GEAC Computer Corporation QAD Inc.

supply chain software solutions 52

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