Procurement Insights

JANUARY 3, 2025

Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. Procurement is no longer judged solely on cost savings but also on metrics like risk mitigation, supplier diversity, and innovation impact.

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

Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. These included the development of platforms for dairy commodity exchange, supply chain management tools, and industry-focused content.

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

Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Analytics – optimized by artificial intelligence- and automated workflows help businesses identify new sourcing opportunities, adapt to market shifts, and respond to supply chain disruptions more effectively. So, lets be blunt.

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Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

ivalua

MARCH 9, 2023

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.

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Sourcing Real-time Visibility e2e supply chain software solutions 130

Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Raw materials play a fundamental role in the supply chain of ecommerce businesses.

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Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Raw materials play a fundamental role in the supply chain of ecommerce businesses.

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Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

SCMDOJO

JULY 3, 2023

The demand for qualified individuals keeps rising as businesses increasingly understand how important procurement is to their overall strategy. When selecting a programme for procurement training, keep the following important criteria in mind: Evaluate Your Current Goals Analyze your individual requirements and goals.

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Cost of ownership Procurement Category management supply chain software solutions 98

TYA Suite

AUGUST 26, 2024

In this blog, we explore the key features and importance of procurement software for small and medium-sized businesses and how to choose the best procurement software solutions specifically designed for SMBs. is crucial for small and medium-sized businesses to ensure a reliable supply chain.

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supply chain software solutions supply chain budgeting Real-time Visibility Procurement 40

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.

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SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

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Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Procuretech in Europe is buzzing right now.

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

Finale Inventory

SEPTEMBER 17, 2024

This article discusses the importance of inventory management in ecommerce, the components of a successful inventory management system, strategies to address common challenges, ways to measure success, and future trends to watch. To ensure smooth inventory management, it’s important to understand the components of an effective system.

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Inventory Strategy Real-time Visibility Management 52

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Conduct supply chain audits and due diligence on high-risk categories.

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Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

TYA Suite

SEPTEMBER 15, 2024

ERP systems are designed to centralize and automate various business processes, providing a unified platform for managing resources, finances, operations, and supply chains. Supplier relationships are critical to successful procurement.

Procurement 40

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

Jaggaer

DECEMBER 13, 2024

The CFO ensures business success by safeguarding cash flow, supplying financial and performance information to leadership, and ensuring compliance with applicable laws and regulations. Technology solutions can ease these challenges by transforming and accelerating the entire order-to-cash cycle. This is vital to good relationships.

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Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. On-premise options have high upfront and maintenance costs compared to cloud solutions that use pay-as-you-go subscriptions without any investment.

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Procurement supply chain software solutions Purchase orders Procurement solutions 52

Procurement Software

APRIL 18, 2023

The benefits of eAuctions There’s one crucial difference between traditional negotiations and eAuction strategies: In an eAuction, the suppliers negotiate between themselves online in real-time. As shown below, this means that the buyer is no longer the go-between for negotiating during an eAuction.

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Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Express

FEBRUARY 15, 2025

This helps you identify cost-saving opportunities, track supplier performance, and ensure purchases align with financial goals. Identify overspending, track budget vs. actuals, and spot opportunities for better pricing or supplier negotiations. Stronger supplier relationships. Better cash flow management.

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Empowering CPO

JULY 5, 2023

Now, let’s look at the importance of technology in procurement. They often involve time-consuming manual processes, limited visibility into supplier performance, and difficulties in managing and analyzing large amounts of data. In an age where business operations are becoming increasingly digitized, procurement is no exception.

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Supply Chain Efficiency Management Procurement Real-time Visibility 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. e-Procurement platforms: Comprehensive solutions that automate the entire procurement process, from requisition to payment.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

World of Procurement blog

MAY 23, 2024

To leverage procurement data and insights by consolidating spend across fewer suppliers. This enables data-driven supplier management and performance optimisation. To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers.

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Empowering CPO

JUNE 26, 2023

Let’s explore the growing importance of data in procurement and how it is transforming decision-making processes. The Power of Data Data has emerged as a valuable asset for procurement professionals, providing insights into spending patterns, supplier performance, market trends, and more.

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Empowering CPO

JUNE 27, 2023

Key insights covered in this blog include: The importance of spend analysis in identifying cost-saving opportunities, mitigating risks, and driving strategic decision-making in procurement. Risk Mitigation and Compliance: Spend analysis provides insights into potential risks associated with suppliers, contracts, and regulatory compliance.

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Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Empowering CPO

JUNE 25, 2023

Whether it’s raw materials for manufacturing, software for operations, or services for customer support, procurement is the bridge that connects businesses to the resources they need to function and grow. Globalization has made supply chains more complex and harder to manage. However, procurement goes beyond mere buying.

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

Empowering CPO

JUNE 27, 2023

Why is spend analysis so important in procurement? Risk Mitigation: Category spend analysis helps identify potential risks associated with suppliers, such as single-source dependencies, supplier stability, or non-compliance issues. Imagine trying to navigate a labyrinth without a map or compass.

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Empowering CPO

JULY 2, 2023

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.

Management 40

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Empowering CPO

JUNE 27, 2023

Here are some key data sources to explore for comprehensive spend analysis: Procurement Systems: Internal procurement systems such as e-procurement platforms, purchase order systems, and contract management systems provide valuable data on purchasing activities, supplier information, and transaction details.

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Procurement Insights

SEPTEMBER 13, 2024

While AI had already been used in procurement for several years—mainly for automation, predictive analytics, and supplier insights—2023 saw a shift towards using generative AI specifically for tasks like: Creating procurement documents (e.g., It is also not bolted on like a quick band-aid on top of your legacy S2P software.

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