ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

ivalua

FEBRUARY 27, 2023

Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. Manufacturers, take charge of your supply chain! Let’s explore further.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

ivalua

APRIL 19, 2022

Later in the day, Yannick Caharel, Chief Procurement Officer – Purchasing Director, Bulgari will present “Building the Sourcing Organization for Tomorrow” to discuss the structure, people and technology put in place to support their procurement vision and their holistic approach to ensure adoption across a diverse organization.

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization Eprocurement Innovation 130

TYA Suite

DECEMBER 16, 2022

You may have seen people use procurement and purchase interchangeably. And it helps the organization to function efficiently. Now, how do you differentiate procurement vs purchase these terms? To differentiate these terms, you need to understand the definition of procurement and purchase these terms.

Purchasing 52

Purchasing Procurement Eprocurement Cost of ownership 52

Supply Chain Game Changer

OCTOBER 9, 2019

Subscribe to Supply Chain Game Changer. Article written for Supply Chain Game Changer by, and permission to publish here provided by, Samantha Wallace at greenwingtechnology.com. If you’re selling B2B, then you should consider implementing a punchout catalog to establish more efficiency throughout your supply chain.

Eprocurement 53

Eprocurement Buyers Supply Chain Efficiency Inventory 53

Claritum

FEBRUARY 4, 2020

Problems can arise when bespoke requirements are purchased directly by employees throughout the organisation or just “passed through” by overworked buyers who have no time to deal with the suppliers. This can result in products and services being purchased across the organisation with no consistency of supply, sustainability or quality.

Purchasing 47

Purchasing Sourcing Supply Chain Efficiency Suppliers 47

Jaggaer

DECEMBER 13, 2024

Efficient P2P solutions also strengthen compliance and control among vendors, contracts, regulations, buyers, and accounts payable. The point here is that you will find three types of offerings on the market: Partial P2P solutions These automate a part of the P2P process , such as eProcurement, invoicing or accounts payable.

Supply Chain Efficiency 52

Supply Chain Efficiency Eprocurement Procurement Contract 52

Skill Dynamics

JULY 19, 2024

The Foundation of a Successful Procurement Strategy To put it simply, a procurement strategy is a plan that outlines how an organization optimizes its external spending, manages its various supplier relationships, and maintains streamlined internal processes to support cost-effectiveness and generate efficiency.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

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. Supply chain integration ensuring smooth operations.

Supply chain management 36

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

Supply Chain Game Changer

JANUARY 21, 2020

Subscribe to Supply Chain Game Changer. categorically be boiled down to the ability to communicate efficiently. This indicates to the unknowing reader that there is a contractual agreement, and purchase agreement, made during the eSourcing cycle. Subscribe Here! Email Address. in some instances?—?categorically

Procurement 87

Procurement Supplier relationship management Eprocurement Supply Chain Efficiency 87

NLPA (Next Level Purchasing Association)

APRIL 24, 2024

The global supply chain is undergoing a metamorphosis. In this evolving landscape, cashless procurement systems are emerging as a powerful tool for businesses to streamline operations, enhance transparency, and gain a competitive edge. This shift offers numerous advantages for businesses of all sizes.

Supply Chain Efficiency 52

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

Jaggaer

DECEMBER 13, 2024

Understanding P2P: The Core of Effective Procurement The procure -to-pay (P2P) process drives purchasing efficiency for organizations of all sizes, covering every stage from initial requisition to final payment. In a manufacturing company, for example, operations might request a fresh supply of components or materials.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Purchase orders e2e 52

TYA Suite

MAY 14, 2023

Procurement system software has the power to reveal the genuine potential of procurement as well as its efficiency and benefits. The approval process for invoices also helps builds rules-based workflows with the help of an eProcurement solution that reduces overspending or non-compliant purchases.

Procurement 52

Procurement Supply Chain Efficiency supply chain software solutions Raw materials 52

Procurement Insights

DECEMBER 8, 2023

There is a growing realization that process, not technology, is the main force behind successfully achieving efficiency and spend rationalization. The question I had posed in Part 6 of my 7-Part Dangerous Supply Chain Myths Series was, “Are you – being the end-user, in the software business?” Are You In The Software Business?

supply chain software solutions 80

supply chain software solutions Supply Chain Efficiency Collaboration Supply chain 80

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Claritum

MARCH 29, 2019

Single or multiple eProcurement platforms? We have all had experience of the introduction of new IT systems that frankly make processes more complex and seem to have somewhere along the line missed the original objective of making the process more efficient. Claritum Article - Procurement Blog. Introduction. Further Reading.

Eprocurement 40

Eprocurement Procurement Supply Chain Efficiency supply chain software solutions 40

Procurement Software

FEBRUARY 20, 2024

Spendkey is one of few spend analytics platforms which also offer transparent pricing on their website. Weproc Weproc is a small French company offering a SaaS eProcurement software with a focus on purchasing and spend management. It boasts a clear, ergonomic and efficient interface, along with readily available support.

Supply Chain Efficiency 59

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

Pipefy

JANUARY 31, 2023

A Administrator A business professional who oversees the ongoing management of the purchase order (PO) or contract, confirming that both the organization and suppliers adhere to the contract’s terms and conditions. Change order An official source document making an alteration to a previously signed purchase order or contract for work.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Claritum

NOVEMBER 16, 2018

The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key resource within the business. Within this environment, the Procurement has to remain focused on maximising financial results associated with the supply and use of goods and services.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Jaggaer

SEPTEMBER 29, 2020

At what point in an organization’s journey is it time to make the shift from reactive purchasing by non-practitioners to hiring and developing seasoned specialists who are able to look at spend holistically and create strategies that help an organization transform towards value management? Short-Term Pain Means Long-Term Gain.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Eprocurement Supply Chain Efficiency 52

Jaggaer

FEBRUARY 11, 2020

For more, and to learn about all four steps of the autonomous procurement process, register for our webinar, “ Four Steps to Autonomous Procurement “ In modern procurement teams, many are wondering what will happen when AI technology is truly integrated into purchasing systems. So what does this all mean for employees? .

Procurement 80

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 80

Procurement Insights

OCTOBER 26, 2023

I am talking about a fully interactive, intuitive chatbot through which 90 percent of everyday procurement work can be effectively and efficiently managed. based customers who have contracted vendors, 33 percent of all purchases were from non-contract suppliers. According to their research, of the 45 percent of “their membership’s U.S.-based

Change management 69

Change management Management Contract Buyers 69

Procurement Insights

AUGUST 26, 2024

For example—and I find it interesting that I reference them more today than I did back then—the Commonwealth of Virginia’s eVA initiative began with an early 2007 post titled “Yes, Virginia, there is more to eProcurement than software.” Here is the link to that first post. In the U.S.,

Procurement 52

Procurement Eprocurement Supply Chain Efficiency supply chain software solutions 52

ivalua

OCTOBER 1, 2019

Effectiveness is a better word than “efficiency”, of course. The task of processing thousands of purchase orders may be executed “efficiently”, but there may well be more effective ways of managing this need – for instance, users having access to online guided buying catalogues.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Procurement Innovation Supply Chain Efficiency 100

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. However, failing to strategically measure purchasing performance can have significant impacts.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Claritum

JANUARY 8, 2020

Some process timings for overall eProcurement. Providing the process foundations and templates to be able to create your online catalogue for purchasing goods and services. One of the most effective ways is to provide an orchestrated online Marketplace for them to make their purchases. Claritum Article - Procurement Blog.

Eprocurement 47

Eprocurement Purchasing Influencing Suppliers 47

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Claritum

MARCH 10, 2020

Typical Steps Associated with Category Purchasing. Focusing by category allows optimisation of the supply chain for that specific category. Assessing the risks and impact on profitability for purchases within any Category. With key strategic purchases involving cross-functional senior team members. Introduction.

Procurement 41

Procurement Supply Chain Efficiency Purchasing Category management 41

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. Efficiencies. Efficiencies. How can you achieve procurement best practice in your organization? Visibility.

Real-time Visibility 41

Real-time Visibility Procurement Supply Chain Efficiency Spend management 41

Empowering CPO

JUNE 14, 2023

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Claritum

SEPTEMBER 26, 2018

. “Plus, we have over the last 12 months placed an increasing emphasis on ease of adoption and use, which has attracted more SMEs to use our eProcurement solution.” With the Claritum platform, SMEs are able to more effectively manage their supply chains and overall spend: real-time information to make decisions.

Eprocurement 32

Eprocurement Order Fulfillment Purchase orders Supply Chain Efficiency 32

Supply Chain Game Changer

MAY 8, 2019

Subscribe to Supply Chain Game Changer. categorically be boiled down to the ability to communicate efficiently. This indicates to the unknowing reader that there is a contractual agreement, and purchase agreement, made during the eSourcing cycle. Subscribe Here! Email Address. Hey Procurement! It’s Time to SELL!

Procurement 50

Procurement Supplier relationship management Eprocurement Supply Chain Efficiency 50

Arkestro

MAY 9, 2023

Yet challenges like the COVID-19 pandemic, global supply chain disruptions, and the economic downturn have all limited and slowed down the next phase in procurement transformation. Reduced Sourcing A turbulent market, supply chain disruptions, and rapid inflation have all created challenging times for procurement professionals.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Claritum

AUGUST 4, 2020

The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. Procurement behind the drive for sustainable/ethical supply of goods and services to efficiently and effectively support the operations of the. Supply chain optimisation.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Claritum

SEPTEMBER 27, 2018

The NfP also has a greater focus on adding social value to a supply chain. At the same time, a majority of NfP organizations would see their performance in terms of their efficiency in deploying resources: this relates to the optimal use of resources to obtain the results desired. Whereas the NfP is a very transparent process.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Jaggaer

OCTOBER 8, 2019

As we noted in the report, the digital transformation of procurement involves many processes working in tandem rather than sequentially; data integration would also allow analytics applications to exploit data from one area of the value chain to improve performance and efficiency in another. 4) The “Day of Digitalization”.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40