Procurement Tactics

JULY 20, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Supplier Order Management Software: What it is?  Menu Course Library 1.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

SCMDOJO

FEBRUARY 16, 2025

They can proactively identify risks, optimize processes in real time, and even negotiate supplier contracts without human oversight. These AI agents leverage real-time data, predictive analytics, and generative AI to enhance resilience, reduce costs, and improve overall efficiency in AI-driven supply chain resilience.

Supply Chain Efficiency 59

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 59

Spend Matters

FEBRUARY 25, 2025

However, adoption (by teams, by stakeholders, by suppliers) is not a reality for most organizations. Time and resources can also be a stopping point. think emails and spreadsheets), and that means catering to the many suppliers, matching their needs and abilities. Analysts and research firms have all reached the same conclusion.

Real-time Visibility 106

Real-time Visibility e2e Procurement Negotiation 106

SCMDOJO

MAY 7, 2024

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. The powerful concept of Supply Chain Visibility lies at the core of resilience. Supply Chain Visibility refers to tracking and monitoring the movement of goods, services, and information throughout the supply chain.

Supply Chain Visibility 98

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 98

Procurement Tactics

MAY 22, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Integrated Logistics — What You Should Know Integrated logistics is gaining popularity throughout the years to the point of replacing the traditional logistics concepts. However, what is it?

Logistics 207

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

ivalua

JUNE 29, 2021

Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments.

Supply Chain Efficiency 130

Supply Chain Efficiency Suppliers Sourcing Real-time Visibility 130

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. Rules and workflow engines automate this part for you.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Jaggaer

FEBRUARY 28, 2025

Generating More Value: The Relentless Pursuit of Spend Cost Reduction For the second year running, reducing supplier spend remains a top priority for procurement organizations in this years Hackett Group Report. This involves analyzing spend data, identifying for consolidation, and negotiating better contracts with key suppliers.

Agile and Lean Supply Chain 52

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

Procurement Tactics

JANUARY 23, 2023

By collecting data on routes, stock levels, drivers’ availability, vehicle tracking, and other pertinent information, a transport management system accurately forecasts expected delivery times while efficiently scheduling drivers accordingly.

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

IBM Supply Chain Blog

OCTOBER 13, 2023

In IDC’s 2022 Global Supply Chain Survey , they identified that “lack of visibility and resiliency to see necessary changes in time to react effectively” was the most problematic and unaddressed deficiency in modern supply chain management and inventory optimization.

Real-time Visibility 67

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency Inventory 67

SCMDOJO

FEBRUARY 5, 2025

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. The interactive approach caters to learners who want to develop practical skills and gain real-world insights. This flexibility is ideal for busy professionals.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

Procurement Tactics

JUNE 19, 2023

Artificial intelligence is being used to automate routine and time-consuming work in warehouses such as packing and sorting of goods which helps to improve efficiency, reduce errors and costs. It is also used to improve the accuracy of demand forecasting, inventory management , and transportation planning.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Procurement Insights

JUNE 6, 2024

How does “visualizing spending, benchmarking suppliers, and maximizing profits” impact the following areas individually and collectively? So, how much supply chain visibility is “too much visibility” in relation to what happens at some unseen point down the chain?

e2e 65

e2e Supply Chain Visibility Real-time Visibility Supply chain 65

Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Ultimate Supplier Plotting Checklist 2023. Enhanced ethical standards.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. These begin with enhanced visibility.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

ivalua

JUNE 11, 2019

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. For the longest time, leading Procurement technology providers in my experience just ignored this space.

Procurement 169

Procurement e2e Real-time Visibility Competitive bidding 169

Procurement Tactics

JUNE 8, 2023

Businesses use various methods of inventory management, each with its own advantages and disadvantages, depending on what they require. Inventory management is a way for companies to figure out what and how much they should order, and when to do it. Preventing stock-outs is another crucial aspect of inventory management.

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Procurement Tactics

NOVEMBER 14, 2022

Ultimate Supplier Plotting Checklist 2022. To work together as closely as possible, I had a weekly meeting with my supply chain manager every week to discuss subjects like: Supplier performance last week. If suppliers were not able to deliver products, I first let the Supply chain Manager contact them. Visiting suppliers.

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

Procurement Heads

OCTOBER 12, 2022

I want a team that understands the different approaches to saving money – tendering, negotiating, value engineering – and to be able to use their judgement and experience to choose the right approach at the right time. Building the team and having greater visibility internally.

Chief Procurement Officer 246

Chief Procurement Officer Real-time Visibility Procurement team Procurement 246

ivalua

NOVEMBER 29, 2021

Lack of control or visibility into what is being spent and with which suppliers. Extra work processing supplier invoices, creating higher costs. Delays in paying suppliers as they cannot be matched with an order or an initial requestor. Poorly utilized preferred suppliers with negotiated pricing.

Buyers 130

Buyers Real-time Visibility Purchasing Spend management 130

TYA Suite

OCTOBER 27, 2024

This software helps organizations manage supplier interactions, streamline procurement workflows, and ensure compliance with company policies and regulations. With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

ivalua

OCTOBER 22, 2020

This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. In Gartner’s Magic Quadrant, they forecast the Procure-to-Pay software market to dip slightly this year, as companies focus on solutions with faster time to value.

supply chain software solutions 147

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

Supply Chain Game Changer

MAY 12, 2021

New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. We negotiate on a daily basis. We negotiate contracts, terms, and specifications in our professional lives and we negotiate dinner plans, curfews, and allowances in our private lives.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

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. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 52

Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. However, this approach is very time-consuming and costly.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 192

Finale Inventory

FEBRUARY 19, 2024

For customers, inadequate customer support leads can lead to delays, extending the time for processing and refunds. Businesses confront re-stocking, handling damaged goods, adjusting inventory inaccuracies, and navigating the risk of overselling during high-demand periods. But how do you get to why a customer initiated a return?

Inventory 105

Inventory Real-time Visibility Management Quality 105

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Let’s explore further.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

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

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. By bridging the gaps, Amrest could even start the tendering process earlier with a wider range of suppliers. Suppliers can support company growth as part of the Amrest procurement journey.

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Jaggaer

FEBRUARY 28, 2025

However, public sector employees must work with commercially astute teams from suppliers, sometimes in limited or financially challenged markets, who have duties to their shareholders. At the time, organisations were understandably keen to capture the benefits but, in many cases, they took leaps of blind faith and dot.com became dot.bomb.

Procurement 52

Procurement Real-time Visibility Data Contract 52

ivalua

MARCH 15, 2016

He was the kind of guy you would not want to have to negotiate with way back in the day because he did not negotiate. He said he had seen it all in supply base management and had experienced the feeling of victory leaving plenty of blood on the floor in negotiating with suppliers in his day. He just stared at me.

Real-time Visibility 100

Real-time Visibility Supply Chain Efficiency Collaboration Suppliers 100

Procurement Tactics

DECEMBER 6, 2022

However, these manual processes are ineffective and cost a lot of effort, time, and money. Spend management aims to maximize value from company spending while lowering costs, mitigating financial risks, and enhancing supplier relationships. Ultimate Supplier Plotting Checklist 2022. Visibility of expense data.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. Supplier relationships: Building strong relationships with suppliers is crucial.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Heads

FEBRUARY 8, 2023

One of the common themes I’m hearing from large organisations is that they are finding a lack of visibility looking ahead for energy spend. Contract negotiations: Negotiating more favourable energy supply contracts with suppliers.

Real-time Visibility 130

Real-time Visibility Price Negotiation Sourcing 130