Procurement Insights

FEBRUARY 18, 2025

Fragmented Supplier Networks & Lack of Standardization Why It’s a Challenge: Packaging companies work with diverse suppliers , including raw material providers (paper, plastics, metals), logistics partners, and contract manufacturers. Lack of visibility into supplier commitments , increasing procurement risks.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

TYA Suite

OCTOBER 27, 2024

With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Real-time tracking and reporting capabilities allow organizations to monitor the status of purchase orders, deliveries, and payments.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

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

Planergy

MARCH 18, 2025

Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers. Building strong supplier relationships, diversifying sourcing, and adopting solid inventory management practices are essential to minimizing risks and ensuring service continuity.

supply chain budgeting 52

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

Jaggaer

OCTOBER 24, 2024

Enhancing Supplier Performance Management By simplifying performance monitoring, reducing risks, and providing actionable data AI helps procurement teams form stronger relationships with suppliers. Additionally, AI provides continuous monitoring of risk positions and alerts procurement teams about potential problems in real time.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

Procurement Leaders

JUNE 1, 2022

Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. The first step in the transformation was to demonstrate the potential savings that procurement could create if properly structured and resourced. Initial savings work.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Supply Chain Game Changer

AUGUST 30, 2022

In my experience Total Cost of Ownership ( TCO or TCOO) models typically include some combination of the following elements: Unit price (Always the first item) Takedown rate performance Payment terms Freight and Logistics terms and transfer of ownership Lead times (order, delivery, replenishment) Other Parameters (eg.

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

Arkestro

MAY 23, 2022

Transportation, logistics, and scarcity of materials were to blame. Last November, the lineup of container ships anchored off the coast of California hit 109, an all-time high. National logistics have been a problem. In 2021, lumber smashed all-time record prices, and home improvement stores were often sold out.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply chain Real-time Visibility Supply 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

Arkestro

MAY 9, 2022

The goals of procurement in an organization used to be relatively simple. Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. This unprecedented series of shocks to the global supply chain has exposed the weaknesses in traditional procurement approaches.

Procurement 52

Procurement supply chain software solutions Supply Chain Optimization Real-time Visibility 52

Supply Chain Opz

JANUARY 22, 2016

Mike Skinner, Vice President, CLX Logistics Technologies Without question, one of the most significant game changing technologies in the past 12 months and looking forward at the next 18 months is TMS – to which you say “big deal” and I say, “true plug-and-play (SaaS/Cloud) global TMS integrated with global trade and customs execution”.

Supply Chain Efficiency 49

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

SCMDOJO

AUGUST 21, 2023

This extensive reach provides businesses with the opportunity to connect with various demographics and target markets, enabling them to broaden their brand’s visibility and potential customer base significantly. To begin with, TikTok boasts an expansive and diverse user base, encompassing millions of active users worldwide.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

IBM Supply Chain Blog

FEBRUARY 13, 2024

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. Sourcing and procurement teams may also strategically leverage data and intelligence to determine which supplier will provide the most value and minimize the total cost-to-serve.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

FourKites

JANUARY 7, 2021

Emphasizing agile and lean logistics management will allow you to outperform slower competitors through the ability to make informed decisions on the fly, rather than relying on gut instinct or incomplete information. Learn more about building agility with real-time transportation visibility.

Agile and Lean Supply Chain 52

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

Supply Chain Game Changer

MARCH 23, 2021

But too often the expected deliverables from Supply Chain professionals are established without a real understanding of the totality and breadth of actual tasks that must be performed underneath those high level expectations. With an iceberg it is said that only 10% of it is visible as the rest is under the water.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Procurement Software

MARCH 11, 2022

Let’s face it, not many businesses of this size have a mature, strategic procurement function. There’s usually a small procurement team, consisting of a Head of Procurement who probably has some experience of working in a large enterprise. Yet hardly any TRULY have a real grip on what they BUY.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Let’s face it, not many businesses of this size have a mature, strategic procurement function. There’s usually a small procurement team, consisting of a Head of Procurement who probably has some experience of working in a large enterprise. Yet hardly any TRULY have a real grip on what they BUY.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Jaggaer

OCTOBER 24, 2024

From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. These efficiencies may come from automating procurement processes or streamlining supplier management.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Skill Dynamics

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. Seamless communication and collaboration between procurement teams.

Supply Chain Optimization 52

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

Procurement Software

JUNE 4, 2024

What we are seeing is a divergence of specialist, best-of-breed technology focusing on procurement for manufacturing companies. This exciting trend persuaded us that it’s about time we featured an article on these procurement tools specifically. This unique feature helps procurement teams to operate more proactively.

Supply Chain Efficiency 52

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

Zycus Cognitive Procurement

DECEMBER 7, 2020

The golden KPI for all procurement teams is savings. Selected parameters have to work in synergy (combination) to achieve real savings. The internal stakeholders have to cover various touch-points and need visibility into all relevant variables. For example- In stage 1, the target is ~$2319 vs. $1987 real savings.

Real-time Visibility 40

Real-time Visibility Management Procurement Category management 40

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. Your procured asset records are automatically added to an asset library.

Real-time Visibility 52

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

Una

JULY 25, 2023

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? As a procurement leader, it’s your responsibility to continue monitoring and upholding your suppliers’ performance. Read the article to find out.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Empowering CPO

JULY 5, 2023

In an age where business operations are becoming increasingly digitized, procurement is no exception. Integrating technology into procurement processes is not just about keeping up with the times; it’s about realizing the potential for enhanced efficiency, accuracy, transparency, and strategic decision-making.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 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. Source: Nestlé.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

World of Procurement blog

MAY 23, 2024

Factors to Analyse Cost - Analyse the total costs associated with each supplier, including unit costs, logistics and transportation fees, inventory carrying costs, etc. Delivery performance - Measure on-time delivery rates and lead times for each supplier. Reliable, on-time delivery is essential.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Software

JANUARY 23, 2024

At the same time, it also provides AI-powered management of contractual obligations and deliverables. Scalue Scalue is a growing Dusseldorf-based software company, offering a procurement spend analytics solution. Its use case-driven software aims to save you time and money by accelerating decision-making for procurement teams.

Procurement 52

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

Procurement Software

FEBRUARY 20, 2024

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency 59

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

Arkestro

JUNE 11, 2024

Many organizations are using this opportunity to leverage technology, optimize costs, and become increasingly strategic in their approach to procurement. Let’s look at the latest trends shaping the future of transportation and logistics procurement, including challenges, solutions, and success stories. million annually.

Innovation 52

Innovation Procurement Supply Chain Optimization Real-time Visibility 52

Procurement Insights

APRIL 7, 2025

This approach aims to transform not just financial processes but the entire profitability strategy, enabling real-time insights and predictive analytics for smarter decision-making and sustainable growth. Enables autonomous, real-time decision-making across the entire supply chain using AI, blockchain, and decentralized data-sharing.

Real-time Visibility 52

Real-time Visibility Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Insights

APRIL 3, 2025

specializes in leveraging artificial intelligence to optimize supply chain operations, with a strong emphasis on real-time data analytics and demand sensing. By analyzing historical and real-time data, it helps businesses anticipate fluctuations, reducing overstocking or stockouts. Procurement Efficiency: ThroughPut.ai

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Real-time Visibility 52

Jaggaer

JANUARY 23, 2025

US tariffs could hardly come at a worse time for Europes manufacturing powerhouse! But that would take time. A lot of time. Flexibility will be key, and above all visibility and transparency into global supply chains and the ability to turn on a dime. Restructuring supply chains in this way adds to complexity.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52