ivalua

MAY 31, 2022

Let’s address why having the right supplier information and supplier relationships is a must. . Supplier Relationship Management (SRM) is not limited to transactional information (number of purchase orders, number of catalog items, number of supplier invoices ) or legal/contractual requirements.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Spend Matters

SEPTEMBER 26, 2023

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. The post Analyst eye on how purchasing must really become supply management appeared first on Spend Matters.

Purchasing 114

Purchasing Supply management Management Supply Chain Efficiency 114

Spend Matters

MARCH 25, 2025

Purchase order management, allowing users to assign, update and track POs for AWS Marketplace transactions. Vendor Insights, providing compliance and security information for AWS Marketplace vendors. Procurement features and capabilities Standardized contract templates that can be reused across multiple transactions.

Procurement solutions 93

Procurement solutions Procurement Purchase orders Data 93

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it? Enroll now!

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Software

MARCH 16, 2025

By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins. They can make informed decisions, negotiate more effectively, and identify cost-saving opportunities faster. As a result of better data, procurement teams gain a whole range of benefits.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

SCMDOJO

DECEMBER 29, 2024

In the vast sea of supply chain information, which SCMDOJO supply chain article truly stands out? However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. Download Procument Reports 7.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Procurement Tactics

OCTOBER 18, 2022

Supplier relationship management software is used by many organizations to organize supplier information and maximize supplier benefits and value. Supplier relationship management software is an important tool as it gives companies a medium to create better communication with suppliers and provides crucial information to stakeholders.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

ivalua

JANUARY 31, 2023

Through Ivalua’s EIC, emissions data can be imported from recognized third-party emissions data sources or directly from suppliers; the data is then combined with other information such as environmental risk scores, policies, published targets, or certifications.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

Procurement Tactics

AUGUST 25, 2022

Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Thereby making him the world’s most sought-after purchasing and supply chain management author, speaker, consultant, and trainer. He is known as “the secret weapon of fortune 500 chief purchasing officers”. .

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Spend Matters

OCTOBER 31, 2024

What is True ValueHub True ValueHub’s solution is an AI and cloud-based software that helps manufacturing companies achieve cost savings on purchased parts and assemblies in mechanical, electro-mechanical and electronics categories. Read also our interview: An Introduction to True ValueHub.

Buyers 114

Buyers Raw materials Networking Suppliers 114

Procurement Tactics

MAY 9, 2023

Simply, billing reconciliation is matching every piece of information in invoices. In procurement, invoice reconciliation refers to the process of checking the invoices received from a supplier with the purchase orders to verify if they match. Tips on Reconciling the Invoice 1.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

Procurement Tactics

MAY 18, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Approvals — The Ultimate Guide Invoice approvals allow you to only pay for what you purchased, which helps you to avoid overpayment. Invoices without an associated request or purchase order.

Purchase orders 172

Purchase orders Purchasing Negotiation Procurement strategies 172

Procurement Tactics

FEBRUARY 19, 2023

Contract management ChatGPT can provide assistance to procurement professionals by assisting them in managing their contracts by providing information on the contract terms and conditions. For example, you can ask ChatGPT to provide information about the delivery performance of a specific supplier. Limitations of ChatGPT 1.

Procurement 287

Procurement Market analysis Contract Suppliers 287

Procurement Tactics

MAY 21, 2023

Thus, you will be able to know the total cost of acquiring an asset and make informed decisions about your purchases. The actual cost will depend on various factors such as the purchase price, financing costs, taxes, and other expenses. Land acquisition Land acquisition refers to when a company purchases land or building.

Negotiation 174

Negotiation Purchasing supply chain budgeting Procurement strategies 174

Procurement Tactics

MAY 22, 2023

Conducting analysis This process involves mapping out the flow of goods and information, identifying inefficiencies, and pinpointing areas for improvement. Reliable and real-time data is crucial for customers to plan effectively, anticipate demands, and understand purchasing patterns of their customers.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

ProcurePort

OCTOBER 4, 2022

In many cases, the nature of the transaction and the intended frequency of purchase will dictate the sourcing process. • The fact that information is available and firms can source globally also complicates the sourcing […]. The post Supply Chain Sourcing and Buying 101 appeared first on ProcurePort Blog.

Sourcing 147

Sourcing Supply chain Supply Purchasing 147

Arkestro

DECEMBER 5, 2024

Drives Efficiency Predictive Procurement’s ability to analyze vast amounts of data drives efficiency by allowing procurement teams to predict future needs, identify potential supply chain disruptions, and optimize purchasing strategies. As a result, teams can work more efficiently and achieve better results in less time.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Una

NOVEMBER 29, 2022

Social media has changed the way we do nearly everything: stay in touch with friends, gather information, stay informed about the news, and make decisions. Do you have questions about group purchasing? Wondering how a group purchasing organization can help you save money, time, and effort? Get in Touch.

Procurement 133

Procurement Influencing Buyers Purchasing 133

Fraxion

APRIL 3, 2025

Finance teams manage a continuous flow of sensitive information: from purchase orders and approval workflows to invoices and financial data. With growing pressure to move faster and stay connected across systems, data security cant be overlooked. Thats where SOC 2 compliance comes in.

Purchase orders 49

Purchase orders Procurement Data Purchasing 49

Spend Matters

FEBRUARY 18, 2025

More concretely, Xavier Olivera , Spend Matters Lead Analyst for Downstream Procurement, once explained that since entering the permacrisis environment of the post-pandemic world, the balance of power in purchasing has shifted : Traditionally, the buyer held the purchasing power. They could squeeze a suppliers profits.

Procurement 82

Procurement Purchasing Suppliers Procurement team 82

Procurement Tactics

DECEMBER 6, 2022

It is a set of practices that ensures smart procurement decisions and efficient purchasing. Unclear purchasing policies. If the purchasing policies are poorly communicated, the procurement department or teams may not know what is expected of them. To simplify, it is used to monitor and assess business costs. . Eliminate fraud.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Spend Matters

OCTOBER 1, 2024

This content does not express the views or opinions of Spend Matters Given the persistent economic uncertainty and inflation-induced price increases, reducing purchasing costs remains a priority for most procurement stakeholders in 2024, followed by ensuring supply continuity and combating rising prices.

Purchase orders 110

Purchase orders supply chain software solutions Management Supply Chain Efficiency 110

Procurement Tactics

NOVEMBER 29, 2022

We will tell you about MRO purchasing and MRO inventory management. As such, it can become a risky purchase as operations personnel may spend more than what the company needs to operate. . What is MRO Purchasing. MRO purchasing is an indirect spend of businesses that relates to maintenance, repair, and operations.

Procurement 168

Procurement Inventory Purchasing Procurement strategies 168

Procurement Tactics

NOVEMBER 14, 2022

Both the request for information (RFI) and the request for proposal (RFP) are often confused with one another. A Request for information (RFI) is a method of gathering information from multiple suppliers before the procurement manager starts to source products or services. . Request For Information. Disadvantages.

Bidding 178

Bidding Suppliers Procurement Import 178

Procurement Heads

JULY 6, 2022

From then I started exploring purchasing and the different career avenues I could get into. We are responsible for the procurement of strategic purchases and what that means for us is anything that is high value, high-risk, third-party engagements.

Networking 241

Networking Supplier relationship management Procurement Risk 241

SCMDOJO

DECEMBER 29, 2024

Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students. Here are 10 of their top-rated courses: 1. The best part about availing this course is that it’s FREE.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Planergy

JANUARY 20, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Because an invoice is also considered a legal document, for record-keeping purposes , its important for both buyers and sellers that the appropriate information be included in the invoice. What's PLANERGY?

Buyers 52

Buyers Purchase orders Purchasing Import 52

Procurement Tactics

JUNE 28, 2023

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. These include purchase management, expense filing, and workflow automation.

Supply Chain Efficiency 178

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

Procurement Tactics

JULY 20, 2023

This includes tasks such as creating purchase orders, managing inventory levels, tracking shipments, and reconciling invoices. Supplier order management software, also known as “ purchase order management software” is a digital solution designed to simplify and optimize the supplier order management process.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. Open Tenders As we said earlier, open tender is a common type of tender that aims to purchase goods or services at the lowest possible price. So without further ado, let us now start!

Bidding 197

Bidding Suppliers Competitive bidding Price 197

RPF360

FEBRUARY 16, 2023

IT purchasing is crucial to your business's strategic goals, so there's a lot of pressure to get it right. In addition, explore steps for writing your RFP for information technology, key terminology and templates to get you started. Explore how an IT RFP can help you select the perfect vendor.

Purchasing 130

Purchasing 130

Procurement Leaders

AUGUST 19, 2024

Explaining how the function had created a data hub to pool information from numerous data providers, she gave the example of how procurement had asked HR for accurate data on labour costs. Colleagues throughout the business have the same thirst for timely, accurate information.

Data 130

Data Price negotiations Procurement team Procurement 130

Spend Matters

JANUARY 21, 2025

They streamline corporate purchasing processes by allowing companies to issue unique card numbers linked directly to their business accounts. For businesses relying on these payments, the delays can create a domino effect, forcing them to postpone purchases, delay payroll, or dip into costly credit lines. in annual revenue.

Suppliers 106

Suppliers Vendor relationships Price Purchasing 106

Procurement Insights

MARCH 25, 2025

Enhanced Visibility into Procurement Data Challenge: Lack of a unified view across departments (purchasing, logistics, quality control). Workflow Automation for Procurement & Sourcing Challenge: Manual purchasing, emailing for RFQs, and slow approvals. We produce milk, yogurt, and other dairy products for retail and food service.

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Spend Matters

MARCH 18, 2025

Highlights this SolutionMap Insider cycle SolutionMap data covers both new and established vendors, and two factors inform the comparisons made within the dataset: technical capability (gathered via a rigorous Request for Information or RFI process ) and customer ratings. Data is refreshed every 6 months.

Procurement 87

Procurement Sourcing Contract Risk 87

The Thomas Blog

AUGUST 15, 2022

Data shows that industrial buyers are typically 70% of the way through their purchase decision process before reaching out to a supplier. Manufacturing customers want to see detailed product information, your company history, where you do business, and reviews/testimonials that endorse your company.

Buyers 143

Buyers Real-time Visibility Purchasing Strategy 143