ivalua

MAY 6, 2021

“The Procurement function needs to move its focus from its traditional emphasis on cost to the things that really matter to customers,” he said. These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. .

supply chain software solutions 130

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

IBM Supply Chain Blog

FEBRUARY 28, 2024

This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. With cognitive intelligence in their toolbelts, sourcing teams can better understand and act on changes in the increasingly complex supplier market—as they happen.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Jaggaer

MARCH 6, 2025

By adopting these technologies, public sector procurement teams can increase efficiency, reduce costs, and improve accountability. However, it is incumbent upon public sector procurement leaders to measure and demonstrate return on investment.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

TYA Suite

NOVEMBER 15, 2024

Each participant in the procurement process—whether they are suppliers, buyers, or logistics providers—has access to this shared ledger. This transparency is a game-changer because it enables all parties to view the same information in real time. This level of visibility is invaluable for several reasons.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Planergy

FEBRUARY 24, 2025

Indirect Procurement Indirect procurement covers support services and materials that enable institutional operations. While less visible, these procurement areas are crucial for maintaining a functional educational environment. Strategic Procurement Strategic procurement goes beyond transactional purchasing.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Procurement Heads

AUGUST 2, 2023

Additionally, it felt like the right time for a new challenge, as I had spent nearly 24 years with my previous employer. Increase in cyber-attacks hindering our supply chain which is a current real threat. What advice would you give someone looking to develop a career in procurement? Willingness to learn.

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

IBM Supply Chain Blog

FEBRUARY 13, 2024

The following are examples of strategic sourcing use cases: Transparency and traceability From fast fashion to fluorite, consumers and stakeholders are keyed into product provenance—expecting brands to uphold ethical, responsible sourcing practices. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time.

Procurement strategies 111

Procurement strategies Innovation Strategy Procurement 111

Procurement Heads

JULY 27, 2022

Many buyers who have started their careers in the last 15 years haven’t been exposed to some of the real challenges where the cost of what you buy can rise by 5-10% every year. So, all of those things need to be understood and acted upon if a procurement team is going to be successful moving forward.

Buyers 130

Buyers Sustainability Supply chain Procurement 130

Procurement Heads

MAY 3, 2023

It was presented to me as an opportunity and challenge at the same time in my very first role by the Managing Director I was reporting to at the time, this followed a two-and-a-half-year stint in front-line operations. It has actually allowed me to be able to educate people and give procurement a voice.

Real-time Visibility 130

Real-time Visibility Negotiation Procurement Price 130

Procurement Heads

MAY 3, 2023

It was presented to me as an opportunity and challenge at the same time in my very first role by the Managing Director I was reporting to at the time, this followed a two-and-a-half-year stint in front-line operations. It has actually allowed me to be able to educate people and give procurement a voice.

Real-time Visibility 130

Real-time Visibility Negotiation Procurement Price 130

Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

Empowering CPO

MAY 5, 2023

Procurement’s Role in Driving Business Success Procurement, often viewed as a behind-the-scenes function, plays a critical role in a company’s success. It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries.

Supply Chain Efficiency 52

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

World of Procurement blog

MAY 8, 2024

Enhances competitiveness through world-class procurement capabilities and practices. Allows focus on core competencies by outsourcing non-core procurement activities. Enables adherence to policies and regulations through ethical, sustainable, and compliant practices.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

MAY 6, 2023

The Growing Influence of Technology in Procurement The rise of digital technology has had a profound impact on procurement, revolutionizing the way organizations manage their supply chains and make strategic decisions. By proactively addressing these risks, procurement teams can ensure a stable and resilient supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

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? Governance.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Empowering CPO

FEBRUARY 11, 2024

Market Intelligence: Shaping Strategic Choices In the dynamic world of procurement, staying ahead requires a keen understanding of market dynamics. Procurement market intelligence is a key pillar of it, providing organizations with real-time information on supplier capabilities, emerging trends, and potential risks.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Supply Chain Opz

JANUARY 22, 2016

Thus, increased real-time visibility into shipments leads to more efficient throughput of goods and reduced logistics lead times. That would shorten hauling times, automate routes and scheduling, and make deliveries much more predictable. Connected devices can also support the warehouse worker (i.e.

Supply Chain Efficiency 49

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 49

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? Businesses must serve as the champions of sustainability. Source: Purina.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 25, 2023

Fluctuating market conditions, regulatory changes, and geopolitical uncertainties add to the volatility of procurement operations. They must also ensure ethical and sustainable procurement practices, as consumers increasingly demand transparency and social responsibility from businesses.

Procurement 52

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

Empowering CPO

JUNE 27, 2023

This is where the real magic happens. These insights can help organizations understand where their money is going, where they can make savings, and how they can improve procurement efficiency. Enhanced Procurement Processes: Spend analysis can also lead to the improvement of procurement processes.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Purchase orders Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization. Industry trends, emerging technologies, and best practices in spend analysis, ensuring procurement professionals stay up-to-date with the latest advancements.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. Ethical Sustainability & Responsibility Procurement. Getting Started with Environmental, Social and Governance Practices ESG leadership begins with the top but it can’t stay there if you want to make a real impact. Cristian Maradiaga. King Ocean.

Sustainability 52

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

Arkestro

AUGUST 15, 2022

Governance is concerned with all-things business ethics and compliance. Unfortunately, it also means that organizations don’t get adequate visibility into sub-tier suppliers. They need to provide access to and visibility into all supplier tiers and support fluid engagement and incremental relationship-building between all parties.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

Empowering CPO

JUNE 14, 2023

Definition and Purpose of Procurement Procurement is a multi-faceted function that goes beyond the simple acquisition of goods and services. 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

Empowering CPO

JUNE 22, 2023

Data Analysis: Once the data has been collected, cleaned, and classified, it’s time to analyze it. Clients report significant cost savings, improved procurement efficiency, and enhanced visibility into their spend data. Good classification allows for easier analysis and better insights.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

Get ready to dive into the depths of data, uncover hidden opportunities, and empower your procurement team to make informed decisions that drive value and foster lasting partnerships. It involves collecting, categorizing, and analyzing procurement data from various sources such as purchase orders, invoices, and contracts.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Empowering CPO

JUNE 27, 2023

Here are some common hurdles faced by organizations: Lack of Visibility: Without a robust spend analysis solution, organizations often struggle to gain comprehensive visibility into their spending patterns. Strengthening Compliance and Governance: Compliance and governance are critical aspects of procurement.

Real-time Visibility 40

Real-time Visibility Supply Chain Optimization Data Suppliers 40

Empowering CPO

JUNE 14, 2023

In the early stages, businesses primarily outsourced indirect procurement activities, such as office supplies or maintenance services, which did not directly impact their product or service offering. The Pros of Procurement Outsourcing Procurement outsourcing can bring a variety of benefits to your business.

Procurement 52

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