Remove Management Remove Price negotiations Remove supply chain software solutions
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Leveraging supply chain disruptions to accelerate digital transformation

Spend Matters

“Never waste a good crisis” is a phrase worth pondering in the realm of digital transformation for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change. 22, at 10:00 AM PST.

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Strategic Procurement — Everything You Should Know

Procurement Tactics

Category Management Category management sorts your spending into areas with the same supplier markets. Supplier Management Supplier management involves the handling of relationships between suppliers and the company. Thus, integrating procurement software eliminates errors and improves productivity within procurement.

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

This is where Purchase Price Variance (PPV) plays a crucial role and as per Emiliani, (2010), helps strategy makers evaluate spending and create well-structured cost-saving strategies. 1) Controlling Costs Purchase Price Variance (PPV) helps track spending and ensures that estimated costs align with planned costs.

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Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

Retail and tech expert Greg Petro says that, “ while the supply chain moves at a snail’s pace, the consumer is moving at the speed of light… the “see now, buy now” economy is here to stay”. What does this mean for procurement and supplier management? That’s not something many procurement professionals traditionally consider. .

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GenAI and the Skills Gap in Procurement

Jaggaer

I recently hosted a panel discussion with Elizabeth Zucker, Senior Director, Procurement Advisory North America at The Hackett Group, and Martin Adamek, Senior Manager, Procurement at TE Connectivity. This includes skills in data science and AI management. productivity gap in procurement and an 8.9% efficiency gap.

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How to be a better procurement manager in 2022: The latest updates on procurement digitization

Zycus Cognitive Procurement

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. In addition, CPOs and procurement managers should discover new strategies to satisfy their objectives in order to obtain greater outcomes without having to spend more money. .

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Business process management (BPM) examples

IBM Supply Chain Blog

Business Process Management (BPM) is a systematic approach to managing and streamlining business processes. Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. BPM is often confused with other seemingly similar initiatives.