Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

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

Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.

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World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By combining spend visibility with insights from AI, procurement teams are better equipped to implement category-specific cost savings initiatives.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Heads

MAY 16, 2023

How did you get into procurement? At university, I followed a few classes on procurement and supply chain, loved it and decided that was the career path I wanted to take. We have recently acquired Envizi, a software provider, that has developed a fantastic end-to-end sustainability platform.

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Ethics supply chain software solutions Sustainability Procurement 130

Procurement Heads

MAY 16, 2023

How did you get into procurement? At university, I followed a few classes on procurement and supply chain, loved it and decided that was the career path I wanted to take. We have recently acquired Envizi, a software provider, that has developed a fantastic end-to-end sustainability platform.

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Ethics supply chain software solutions Sustainability Procurement 130

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Relationship Between Category Management and Strategic Supplier Relationship Management Importance and Benefits of Category Management Best Practices What are the Challenges of Category Management implementation? Category Management Software What is Category Management in Procurement?

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Jaggaer

APRIL 22, 2019

Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. Clear steps to sustainable procurement. A quick look at the regulatory landscape.

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Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

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Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. The Four Types of Procurement in Education Direct Procurement Direct procurement involves acquiring goods and services directly related to an institution’s core educational mission. What's PLANERGY?

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TYA Suite

NOVEMBER 15, 2024

In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains. First, it allows companies to identify bottlenecks within the supply chain quickly.

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

Planergy

MARCH 19, 2025

Modern Spend Management and Accounts Payable software. Schools thrive when predictable and reliable supply chains foster a stable learning environment. Criteria such as customer references, financial stability, and adherence to ethical and sustainability practices should also be considered. What's PLANERGY?

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Suppliers Management supply chain budgeting Supply Chain Efficiency 52

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. In addition, a well-crafted procurement framework fosters innovation and sustainability.

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Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Supply Chain Opz

JANUARY 22, 2016

Then, executives need supply chain technology to stay ahead of the game. Markus Rosemann, Vice President for Logistics and Order Fulfillment, SAP There is a great opportunity for technology to relate massive amounts of data from sensors, telematics systems and RFID tagged items in the Supply Chain and Logistics industries.

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Planergy

JULY 5, 2022

ESG In Supply Chain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. Download Free Copy. Written by. Rob Biedron. 17 min read.

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

SCMDOJO

OCTOBER 27, 2023

Delivery and Lead Time Negotiation: Negotiating the timeframes for delivery and lead times to ensure timely supply without disruptions. Risk Mitigation Negotiation: This negotiation involves discussing strategies and terms to manage and mitigate risks associated with procurement.

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Empowering CPO

MAY 6, 2023

The Evolving Role of Procurement in Businesses In today’s rapidly changing business landscape, procurement has emerged as a strategic function that goes beyond merely purchasing goods and services. This enables procurement teams to focus on strategic activities that contribute to the company’s growth and success.

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Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. A questionnaire is one method to capture priorities that can be boiled down to Risk/Security, Ethics, EDI, Community and Carbon.

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Arkestro

SEPTEMBER 29, 2023

This approach leverages data science, machine learning, and automation to analyze large quantities of data and make procurement decisions with minimal human intervention. The software works with real-time and historical data, including user preferences, past buys, supplier performance, and market trends.

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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. This enhances the strategic value procurement can provide.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Claritum

NOVEMBER 16, 2018

The procurement environment is dynamic and constantly changing with many influences: political, environmental and technological. With Procurement behind the drive for sustainable/ethical supply of goods and services to efficiently and effectively support the operations of the organisation. Supply chain optimisation.

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World of Procurement blog

JANUARY 19, 2022

With solutions such as Tealbook , which creates a supplier data foundation that isn’t dependent on a supplier going into a portal and updating information, we will see a shift in procurement teams opting for options such as this. With better data comes more precise insights into your Supply Chain.

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

Supply Chain Game Changer

JUNE 2, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ™” Interview series at Supply Chain Game Changer.

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Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

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Barkers Procurement

FEBRUARY 25, 2024

Intelligent Procurement Software Uncertain business outlooks shine a spotlight into every function. The right digital procurement technology can centralise spend data, identify trends and compliance to metrics, pinpoint opportunities, and simplify supply chain decisions as a result.

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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. e-Procurement platforms: Comprehensive solutions that automate the entire procurement process, from requisition to payment.

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Procurement Software

JUNE 25, 2024

These can include negotiating contracts that prevent price increases or optimizing the supply chain to avoid rushed shipping fees. This allows for a more accurate depiction of both cost savings and the broader value delivered by procurement activities. Start viewing your procurement team as the strategic asset it truly is.

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Una

NOVEMBER 29, 2023

This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. Develop contingency plans and strategies to safeguard your organization’s procurement operations.

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Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Supply Chain Game Changer

JULY 3, 2019

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? This means your entire value chain needs to be committed to the cause. Subscribe Here! Email Address. Sustainability. Source: Purina.

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Procurement Software

MAY 9, 2023

Art of Procurement recently added a second podcast to its schedule, called Procurement 6. This shorter offering brings you six top news stories from the world of procurement each week, between episodes of the main podcast. It’s hosted by Art of Procurement team members.

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Claritum

AUGUST 4, 2020

The procurement environment is dynamic and constantly changing with. Procurement behind the drive for sustainable/ethical supply of goods and services to efficiently and effectively support the operations of the. Within this environment, the Procurement has to remain focused on. Supply chain optimisation.

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Procurement Procurement team Supply Chain Efficiency Purchasing 41

Empowering CPO

JUNE 9, 2023

KPIs in procurement are a set of quantifiable measurements that demonstrate how effectively an organization is achieving its operational and strategic goals in procurement. They act as a navigational tool, guiding the procurement team towards the achievement of their strategic objectives.

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Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Jaggaer

DECEMBER 13, 2024

Accurate, on-time payments also foster stronger supplier relationships, while centralized data on supplier performance and spending empowers procurement teams to make informed, strategic decisions. Leveraging Technology to Power the P2P Process Modern P2P processes leverage advanced technologies to streamline workflows.

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Una

JANUARY 8, 2024

Procurement can promote employee value all the way down the value chain by ensuring suppliers comply with fair labor practices, ethical standards, and employee well-being. We can play a role in building a supply chain that reflects the positive workplace culture you want to foster within your organization.

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supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

Claritum

JANUARY 8, 2020

By orchestrated, we mean that the process of establishing and managing suppliers within the Marketplace is totally under the control of the organisation’s Procurement team. Although the suppliers can make changes, they do so with the approval of the Procurement team. 2 How people can influence success.

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Empowering CPO

JUNE 25, 2023

Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources. However, procurement goes beyond mere buying. Globalization has made supply chains more complex and harder to manage.

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Planergy

SEPTEMBER 8, 2022

Furthermore, regular assessment of supplier performance can help you identify potential supply chain risks early on so that they can be remedied before they cause major problems. This includes adhering to regulatory requirements, ethical sourcing practices, etc. Regular supplier evaluation is vital for procurement teams.

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Una

AUGUST 9, 2023

Resource to help: The Limitless Possibilities of ChatGPT in Procurement Invest in skill development An educated and knowledgeable procurement team can rapidly navigate the complexities of procurement efficiently while upholding compliance, ethics, and quality standards.

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