ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Let’s explore further.

Real-time Visibility 130

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

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. Here are the specific areas where they tend to fall short: 1.

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

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. Comprehensive Supplier Network 2. Supply Chain Visibility and Risk Management 3. Here’s why: 1.

Real-time Visibility 49

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

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. Best Supplier recommendations .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Claritum

JANUARY 25, 2019

Supply Chain eProcurement technology adoption poses a great many challenges for small to medium sized companies. See our article on eProcurement adoption for more details on this. What are the key drivers for SME adoption of Supply Chain Management eProcurement platforms? Better prices from key suppliers.

Supply chain management 36

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

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. To help you meet yours, we’ve compiled a list of 22 essential procurement KPIs that fall into three business categories: suppliers, staff, and operational.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 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? Perhaps, opportunities to drive profitability within your organisation; develop environmental or ethical initiatives; or engage with suppliers to develop stronger business relationships? Supplier Management.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Bonfire

MARCH 29, 2022

Bonfire allows them to bring every stage of the procurement lifecycle into a central platform where the procurement team and relevant stakeholders can collaborate on RFPs and evaluations with full visibility into the process. Inflation is a real concern for public sector budgets today.

Procurement 52

Procurement Real-time Visibility Eprocurement Bidding 52

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

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. You may provide better demand visibility to the vendor partner.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Procurement Software

FEBRUARY 20, 2024

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency 59

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

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

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. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing. But, it’s far more than just buying.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

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. It gives you full visibility of your spend data, all in one place. The platform consists of four modules.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

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. Such as order history, supplier profiles and contracts. 4 Suppliers.

Procurement 32

Procurement Real-time Visibility Eprocurement Bidding 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

NOVEMBER 23, 2017

According to Valueneer’s Global Procurement and SCM Study (Nov17), 80% of procurement organisations are still using email to place orders with suppliers. Employees who need to make a purchase can easily search online to find the right supplier or product. Visibility. In Asia it’s even higher at 96%. “There!”

Real-time Visibility 32

Real-time Visibility Procurement Buyers Negotiation 32

Claritum

OCTOBER 3, 2017

Optimizing Spend Visibility, Control, Cost Savings and process Efficiencies. Claritum automates sourcing, procurement and invoicing in one, easy-to-use, cloud based platform while enabling business users, customers, procurement experts, buyers and suppliers to collaborate globally and in real time.

Real-time Visibility 32

Real-time Visibility Procurement Supply Chain Efficiency Supply Chain Optimization 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. However, consolidating purchases for the organisation makes this spend significant to negotiate with suppliers. 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. Wikipedia SAP Supplier Relationship Management (SRM) : SAP introduced its SRM solution in 2005, providing tools to manage supplier relationships and procurement activities. What were the top 10 procuretech solutions in 1995?

supply chain software solutions 52

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