Let's Talk Supply Chain

MARCH 2, 2025

In this fast-paced economic landscape, the importance of strategic supplier relationship management cannot be overstated. Key Strategies for Navigating Tariff Turmoil: Utilize Data Analytics: Leverage advanced analytics tools to gain deep visibility into supply chain dynamics and identify potential areas of vulnerability.

Supplier relationship management 52

Supplier relationship management Data Suppliers Supply chain resilience 52

Una

AUGUST 17, 2022

The figure’s head represents the top 1% of strategic suppliers to your organization. This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

Supply Chain Game Changer

AUGUST 24, 2021

Leveraging relevant technology in the supply chain from the moment your suppliers bring in raw materials, during storage of the materials and manufactured products in the warehouse, and distribution of products to the final consumer can increase efficiency, boost production, reduce time wastage and improve business revenues.

Supply Chain Optimization 119

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 119

Jaggaer

OCTOBER 24, 2024

In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible. Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

World of Procurement blog

MAY 8, 2024

Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? Spend analysis is the catalyst for strategic sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

MARCH 15, 2016

He talked about how that experience with power was a real high at times. It is important for everyone to make a profit and if you make it impossible to do so, suppliers will find other customers—your competition. Without good visibility and frankly, transparency, any collaboration is hard. If it is important, measure it.

Real-time Visibility 100

Real-time Visibility Supply Chain Efficiency Suppliers Collaboration 100

Procurement Insights

APRIL 3, 2025

Global Reach, Real Impact Participants and speakers come from over 50 countries. Thought Leadership Consistently pushes the conversation forward from autonomous sourcing to orchestration platforms. Thought Leadership Consistently pushes the conversation forward from autonomous sourcing to orchestration platforms.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Planergy

DECEMBER 25, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Thanks to AI and other tools, you can now make better decisions with real-time data. Let’s delve into the details. According to the U.S.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Una

AUGUST 30, 2022

Strategic sourcing experts are using machine learning to categorize and manage spend, AI to better predict demand, and act upon alerts such as contract expiry/renewals. How to Improve Strategic Supplier Relationship Management. How to Optimize Your Spend with a Strategic Sourcing Process. Better customer service.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Spend Matters

JUNE 20, 2023

As the risks that trigger supply disruptions, regulatory non-compliance and missed corporate objectives continue to gain visibility, an ‘eyes wide open’ attitude towards supplier risk assessment and mitigation strategies has become imperative to improve operational resilience.

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

Supply Chain Game Changer

NOVEMBER 16, 2022

The importance of digital procurement is increasing rapidly. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Management can review orders in real-time and spend time on exceptions raised by the system.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Procurement Express

DECEMBER 31, 2024

In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc. Understanding these categories is the first step toward better visibility, smarter procurement processes, and tighter budget control. What’s Behind This Disconnect?

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Supply Chain Game Changer

SEPTEMBER 28, 2022

Make Your Website Visible and Trustworthy! Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Still, as time passes, you might notice that your website enjoys fewer visits. Why Think about Redesign?

Real-time Visibility 85

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 85

Empowering CPO

JUNE 16, 2023

This comprehensive visibility into an organization’s spend data is the cornerstone of strategic sourcing and purchasing decisions. Importance of Spend Analysis in Procurement In the context of procurement, spend analysis is an invaluable tool.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Planergy

MARCH 24, 2025

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By exploring multiple income sources, MATs can pool resources, drive trust-wide initiatives, and create financial resiliency for long-term success.

Sustainability 52

Sustainability Real-time Visibility Spend management Innovation 52

Planergy

SEPTEMBER 5, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important?

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. It’s shockingly few.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. It’s shockingly few.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MAY 16, 2023

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. Additionally, the platform provides real-time analytics and reports, allowing users to gain valuable insights into their procurement operations.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Una

JULY 25, 2023

This article explores the importance of monitoring supplier KPIs and why having them in place is key for reducing costs and improving your bottom line. The first three KPIs we suggest every procurement team should monitor are: Defect rates Lead time Contract compliance Can you guess what the other four KPIs will be?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Una

SEPTEMBER 22, 2022

It’s impossible to have the most current or newest application implemented at all times. Lack of visibility into spend and contract data also contribute to the difficulty of managing IT spend. As you begin to navigate this category, some of the same strategic sourcing best practices can be used as a guide to IT procurement as well.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Planergy

OCTOBER 4, 2022

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Big Data Analytics: What It Is and Why It Is Important. This becomes increasingly important as data sets become larger and are unstructured. Written by.

Data 52

Data Import supply chain software solutions Quality 52

Planergy

MARCH 10, 2025

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This type of data emphasizes the importance of collaboration between schools and their wider community.

Data 52

Data Management Budget Real-time Visibility 52

Strategic Sourceror

NOVEMBER 2, 2022

Whether it's when your location opens and closes or what your company's policy is on mask use, addressing frequently asked questions like these via phone or email replies can take your staff away from more important work functions that have a larger influence on your bottom line. Brought to you by the StrategicSourceror.

supply chain software solutions 57

supply chain software solutions Real-time Visibility Supply Chain Efficiency Strategic sourcing 57

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. There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

NLPA (Next Level Purchasing Association)

MAY 8, 2024

However, it’s important to remember that spend analysis primarily focuses on historical data. Only 6% of companies report full visibility on their supply chain , while 69% do not have total visibility. Effective spend analysis is crucial for gaining visibility into procurement spending.

Real-time Visibility 52

Real-time Visibility Supplier consolidation Suppliers supply chain software solutions 52

Planergy

MAY 30, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. An effective TEM solution will help an organization save money, time, and resources while providing visibility into spending patterns.

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 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? in this case, responsible sourcing.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Arkestro

JULY 11, 2022

As part of Box’s continuous advocacy towards ESG and Supplier Diversity, previous visibility into their supplier diversity spending was limited. According to McKinsey, diverse executive teams financially outperform other executive teams, and this has only strengthened over time. And the same is true for diverse supply chains. .

Suppliers 52

Suppliers Real-time Visibility Procurement Supply Chain Efficiency 52

Pipefy

JUNE 14, 2023

Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. ignoring the importance of data quality, 2. Spend analysis is necessary for strategic sourcing. focusing solely on cost reduction, 3. What is spend data?

e2e 52

e2e Real-time Visibility Contract Procurement team 52

Empowering CPO

JUNE 27, 2023

We believe that by understanding the inner workings of your spend patterns, you can empower your business to make strategic decisions that align with your growth objectives. Join us as we delve into the world of spend analysis, exploring its importance, functionality, and its potential in propelling your business forward.

Real-time Visibility 52

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

Procurement Software

MAY 14, 2024

Key Takeaways: Why we need Intake and Procurement Process Orchestration Streamlining of Procurement Process: Process orchestration simplifies the intricate procurement process by automating and integrating each step from intake to procurement, ensuring operational efficiency and strategic alignment with business objectives.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Planergy

MARCH 2, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s an important part of any organization’s financial management, as it helps identify wasteful spending and uncover potential savings.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52