SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). Below are some key areas where CPI can improve supply chain efficiency: 1. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

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

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. Make them feel in control.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

supply chain software solutions 52

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

ivalua

MARCH 9, 2023

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. It goes beyond the concepts found in textbooks by providing real-world examples and useful advice.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

TYA Suite

AUGUST 26, 2024

In this blog, we explore the key features and importance of procurement software for small and medium-sized businesses and how to choose the best procurement software solutions specifically designed for SMBs. 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

Una

APRIL 25, 2023

Here are some of the factors that cause time constraints in procurement: Increased complexity The globalization of markets and the expansion of the supply chain bring cost benefits, but have also led to an increase in the volume and complexity of procurement activities. Why are Sourcing Heroes so often time-poor in procurement?

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Procuretech in Europe is buzzing right now.

Supply Chain Efficiency 59

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

The Procuretech Podcast

JUNE 18, 2024

On this episode of The Procurement Software Podcast, host James Meads dives into the world of procurement tech startups. With over 440 solutions in our software directory over at app.procurementsoftware.site, we aim to educate procurement leaders on the vast array of software options available to them. Every one helps!

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Eprocurement 40

TYA Suite

NOVEMBER 15, 2024

Having a solid risk management plan allows companies to anticipate problems before they escalate, ensuring that supply chains remain efficient and reliable. By monitoring suppliers regularly, businesses can detect issues early and respond proactively. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

Procurement Software

FEBRUARY 6, 2024

Then check our our free software directory. If you’re a consultancy, an investor, or a solution provider and need to do deeper analysis of the market, we also offer subscriptions to our back end database. Key Data: Founder / CEO: Mark Zeise Date Founded: 2016 Visit Trackado profile in our Software Finder 2.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

APRIL 18, 2023

eAuctions are an essential alternative to traditional negotiation methods. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. This ensures they get the best deal possible with their suppliers. These negotiations take place in real time, with all prospective suppliers at once.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Arkestro

JUNE 6, 2022

Not made baseless assumptions about how the software operated. Conducted better due diligence before settling on a particular solution. SolutionMap is designed to help procurement professionals save time on long, drawn-out software RFP processes. These were the only solutions for procurement practitioners at the time.

supply chain software solutions 52

supply chain software solutions Supplier negotiation Bidding Sourcing 52

Finale Inventory

SEPTEMBER 17, 2024

A centralized system also lets you leverage automation and integrate with other essential business tools like your ecommerce platform or accounting software. Adopting inventory management software or an ERP system can automate many manual tasks, improve accuracy, and provide real-time visibility into your inventory.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Software

MARCH 11, 2022

A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories. I’m not saying they have an easy ride or that this is straightforward to achieve.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories. I’m not saying they have an easy ride or that this is straightforward to achieve.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. On-premise options have high upfront and maintenance costs compared to cloud solutions that use pay-as-you-go subscriptions without any investment.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

World of Procurement blog

MAY 23, 2024

The goal of supplier consolidation is to streamline procurement processes, reduce costs by leveraging economies of scale, strengthen relationships with top-performing suppliers, and drive performance improvements through better coordination. Having strategic partnerships allows suppliers to lower prices.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Express

FEBRUARY 15, 2025

Youre already stretched thin, balancing cash flow, vendor negotiations, and financial strategy. They help you control costs, prevent supplier issues, and make smarter purchasing decisions without second-guessing. Identify overspending, track budget vs. actuals, and spot opportunities for better pricing or supplier negotiations.

Procurement 40

Procurement Real-time Visibility Supplier negotiation Contract 40

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. One of the primary benefits of a procurement ERP system is the automation of routine tasks.

Procurement 40

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

Finale Inventory

JUNE 21, 2024

Raw materials play a fundamental role in the supply chain of ecommerce businesses. They are often the primary focus of production planning and inventory management, as any disruptions in the supply chain of direct raw materials can significantly impact the manufacturing process and product availability.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

Raw materials play a fundamental role in the supply chain of ecommerce businesses. They are often the primary focus of production planning and inventory management, as any disruptions in the supply chain of direct raw materials can significantly impact the manufacturing process and product availability.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 5, 2023

At its core, managed procurement services cover the spectrum of procurement activities: from identifying potential suppliers, negotiating contracts, ensuring quality control, managing supplier relationships, to evaluating and adjusting procurement strategies based on ongoing data analysis.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 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. e-Procurement platforms: Comprehensive solutions that automate the entire procurement process, from requisition to payment.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Jaggaer

DECEMBER 13, 2024

The CFO ensures business success by safeguarding cash flow, supplying financial and performance information to leadership, and ensuring compliance with applicable laws and regulations. Technology solutions can ease these challenges by transforming and accelerating the entire order-to-cash cycle.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

Empowering CPO

JUNE 27, 2023

It allows organizations to understand their spending behavior, identify opportunities for consolidation and standardization, and ensure compliance with contract terms and negotiated pricing. This enables them to strengthen supplier relationships, negotiate improved terms, and effectively manage supplier risks.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Empowering CPO

JUNE 25, 2023

Whether it’s raw materials for manufacturing, software for operations, or services for customer support, procurement is the bridge that connects businesses to the resources they need to function and grow. Globalization has made supply chains more complex and harder to manage. However, procurement goes beyond mere buying.

Procurement 52

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

Empowering CPO

JULY 2, 2023

This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JUNE 27, 2023

Let’s explore some of the key advantages: Cost Optimization: By thoroughly analyzing spending patterns, organizations can identify areas of overspending, potential cost-saving opportunities, and negotiate better deals with suppliers.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Empowering CPO

JUNE 26, 2023

By analyzing historical spend patterns and supplier performance, organizations can negotiate better contracts, consolidate suppliers, and implement strategic sourcing initiatives. These actions lead to improved negotiation power, reduced costs, and enhanced overall procurement efficiency.

Real-time Visibility 40

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