Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

Finale Inventory

SEPTEMBER 17, 2024

As a small business owner in ecommerce, having effective inventory management strategies is key to your success. Managing inventory efficiently helps you optimize your stock levels and ensures you don’t run out of popular items or waste money on excess inventory.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

Finale Inventory

AUGUST 28, 2024

Managing inventory is a vital part of running an efficient construction company. In the current digital landscape, where ecommerce is expanding, integrating inventory management with online operations is more important than ever. A key element of inventory management in construction is the use of technology.

Inventory 52

Inventory Management Real-time Visibility Negotiation 52

Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Planergy

MAY 25, 2023

How better management in AP can give you better flexibility for cash flow management. Proper spend management also includes tracking and controlling company-wide spending, including procurement costs. For mid-sized businesses spend management software that integrates with QuickBooks Online will be a better option.

Spend management 52

Spend management Management Purchase orders Budget 52

Una

SEPTEMBER 22, 2022

The number of tech contracts and IT vendors that are needed to support your business can add up quickly, which can make this particular category difficult to manage. It’s not a matter of if IT spend should be managed, but who should be the one managing such a significant portion of a company’s budget.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Pipefy

FEBRUARY 13, 2023

Build better workflows with the Definitive Guide to Workflow Management Download now What is procurement? Procurement is the process businesses use to source and obtain goods/services from external suppliers to achieve strategic objectives and fulfill business needs or purchase requests. Is acquisition part of procurement?

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 52

Empowering CPO

JUNE 27, 2023

This transformative practice enables organizations to delve deep into their purchasing data, gaining invaluable insights that can revolutionize their supplier relationship management (SRM) strategies. Risk Mitigation: Spend analysis enables organizations to proactively identify and mitigate supplier-related risks.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment.

supply chain software solutions 52

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

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Empowering CPO

JUNE 30, 2023

Introduction Have you ever wondered how much time, effort, and money your company spends on procurement? With today’s increasing business complexity and the pressure to do more with less, it’s time to explore how managed procurement services can transform your business. Allow us to introduce ourselves.

Management 40

Management Procurement Real-time Visibility Supply Chain Efficiency 40

Arkestro

JULY 11, 2022

Box is one of the most widely used enterprise technologies in the world for secure content management, workflow, and collaboration. As part of Box’s continuous advocacy towards ESG and Supplier Diversity, previous visibility into their supplier diversity spending was limited. million jobs in the United States.

Suppliers 52

Suppliers Real-time Visibility Procurement Supply Chain Efficiency 52

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Express

FEBRUARY 15, 2025

The last thing you need is to waste time digging through messy spreadsheets just to figure out where the money is going. They help you control costs, prevent supplier issues, and make smarter purchasing decisions without second-guessing. Some give you real, actionable insights, while others just add noise.

Procurement 40

Procurement Real-time Visibility Supplier negotiation Contract 40

TYA Suite

JULY 17, 2024

A offers a seamless solution for managing your. By implementing a cloud-based purchase order system, businesses can streamline operations, enhance accuracy, and gain real-time visibility into purchasing activities. Real-time data access is critical for making effective decision.

Purchase orders 40

Purchase orders Purchasing Real-time Visibility Cost of ownership 40

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

FEBRUARY 20, 2024

Founded in 2016, the company is led by two experienced procurement and management experts. It serves Fortune 500 companies, and in 2020 the platform managed more than $150M of spend. It also has an analytics system claiming to focus on risk management rather than retrospective troubleshooting. Key Data: Founder / CEO: Gregory N.

Supply Chain Efficiency 59

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

TYA Suite

AUGUST 26, 2024

Often overlooked in strategic planning, procurement management can significantly impact a company's bottom line. is a digital tool that automates and manages the procurement process, from requisition to payment. streamlines the entire procurement process, from creating purchase orders to managing supplier invoices.

supply chain software solutions 40

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

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Pipefy

JANUARY 9, 2024

We will dive into common challenges, innovative solutions, and the transformative impacts of these improvements in processes such as: IT incident management and how to streamline IT operations for faster resolution and improved service quality. Distinguishing between incidents, service requests, and problems is key to effective management.

Real-time Visibility 52

Real-time Visibility Contract management Contract Management 52

World of Procurement blog

MAY 23, 2024

To build stronger strategic relationships with their most capable suppliers, facilitating collaboration on product innovation, quality, sustainability, and continuous improvement. To leverage procurement data and insights by consolidating spend across fewer suppliers. Ensure suppliers consistently meet quality requirements.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Software

APRIL 18, 2023

These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding. This back and forth is very time-consuming. This not only saves time and human resources.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 40

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

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. Once approved, are generated and sent to suppliers.

Procurement 40

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

Empowering CPO

JUNE 25, 2023

It’s a strategic function that requires careful planning, selection, and negotiation to ensure that businesses get the best value for their money. It’s a delicate balancing act, where businesses must juggle quality, cost, supplier relationships, and risk management, all while keeping an eye on their bottom line.

Procurement 52

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

Procurement Software

FEBRUARY 6, 2024

The company offers a simple and competitively priced contract management solution. It generates insights on bottlenecks, variants, and cycle times to drive process improvements. The solution also includes ready-made dashboards, KPIs, and intuitive case management to uncover and act on opportunities quickly.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Pipefy

JUNE 15, 2023

The benefits of cloud procurement generally include: Cost savings Accessibility Process transparency Efficiency Automation Scalability Better supplier management and regulatory compliance Cost savings The reduction in operating costs is one of the biggest advantages in switching to a cloud-based procurement system.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Empowering CPO

JUNE 27, 2023

Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization. Enhanced Supplier Management: Through spend analysis, organizations gain a deeper understanding of supplier performance, including quality, delivery, and pricing.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Empowering CPO

JUNE 14, 2023

Introduction Welcome to the dynamic world of procurement, where businesses are constantly seeking innovative ways to manage their supply chains more efficiently and effectively. These tasks might include sourcing suppliers, negotiating prices, managing supplier relationships, overseeing contracts, and more.

Procurement 52

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

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

MAY 15, 2023

It’s the art of sourcing, negotiating, and purchasing, all while maintaining a keen eye on quality and cost. But in recent times, this function has evolved far beyond the simple act of purchasing. When a company commits to buying large quantities from a supplier, it often gets a better per-unit price.

Procurement 52

Procurement Quality Innovation Cost of ownership 52

Empowering CPO

JUNE 20, 2023

By bringing this ‘long tail’ under management, companies can reduce maverick spending, negotiate better terms with suppliers, and ultimately unlock remarkable savings. Moreover, tail spend analysis can contribute to better risk management, improved compliance, and increased operational efficiency.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Empowering CPO

JUNE 16, 2023

Improve Supplier Negotiation: With a clear understanding of spending patterns, companies can negotiate better contracts and payment terms with suppliers. However, when broken down into its fundamental steps, it becomes a manageable and logical progression from data chaos to actionable insights.

Procurement 40

Procurement Data Real-time Visibility Suppliers 40

Procurement Insights

APRIL 3, 2025

Heres an analysis of the unique benefits that ThroughPut.ai, FlockScore, and ProcurEngine can offer to address common supply chain challenges such as inefficiencies, demand forecasting, cost management, and supplier performance. ThroughPut.ai ThroughPut.ai ThroughPut.ai ThroughPut.ai Relevance to Supply Chain Challenges: ThroughPut.ai

Supply Chain Efficiency 52

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