World of Procurement blog

MAY 8, 2024

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Common procurement metrics include spend under management, savings targets, supplier lead time reduction, procurement process efficiency gains, sustainability metrics and more.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Insights

FEBRUARY 20, 2025

SAP Ariba : A leading procurement software company, SAP Ariba offers a comprehensive suite of solutions for supplier management, strategic sourcing, procurement, and financial supply chain management. Here are a couple of links that you will find most interesting: Why are liquid networks in procurement important to understand?

supply chain software solutions 52

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

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

Procurement Insights

MARCH 17, 2025

Anyone who has followed the Procurement Insights blog for any length of time knows I love to ask questions and am voracious about gaining new insights. Functionality and Technology ProPurchaser : Offers a SaaS platform delivering real-time data on commodities, production costs, and market dynamics. Key Comparison Points 1.

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

Spend Matters

JUNE 20, 2023

As the risks that trigger supply disruptions, regulatory non-compliance and missed corporate objectives continue to gain visibility, an ‘eyes wide open’ attitude towards supplier risk assessment and mitigation strategies has become imperative to improve operational resilience. And so it should.

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

Planergy

MARCH 24, 2025

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It automates invoice approvals, reconciliations, and payment processes to reduce administrative overhead, improve accuracy, and provide real-time financial insights.

Sustainability 52

Sustainability Real-time Visibility Spend management Innovation 52

World of Procurement blog

MAY 10, 2024

By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently. This supports strategic sourcing efforts. Miscategorized expenses lead to incorrect reporting and missed opportunities for savings.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Software

MAY 16, 2023

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. Additionally, the platform provides real-time analytics and reports, allowing users to gain valuable insights into their procurement operations.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Procurement Insights

APRIL 8, 2025

Why They Champion It : Their operating system supports autonomous decision-making across procurement ecosystems, enabling real-time collaboration between suppliers, buyers, and logistics partners. Key Strength : Industry-specific solutions tailored for complex procurement networks. Hansen ( 4 ).

Supply Chain Efficiency 52

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

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. It promises to assist with improving buyer and supplier collaboration.

Real-time Visibility 52

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

Bonfire

APRIL 3, 2023

For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay. There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

JULY 3, 2019

so your friends and professional network see you care about the future of the earth?—?but But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. But, business organizations/networks are large, and greenwashing is easy.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

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

Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. Traditional Procurement Methods Historically, procurement has been a manual and time-consuming process, relying heavily on paperwork, phone calls, and face-to-face meetings.

Supply Chain Efficiency 52

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

Solvoyo

MARCH 29, 2020

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

Solvoyo

MARCH 29, 2020

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

Pipefy

JANUARY 11, 2023

Learn how Ocean Network Express overcame this challenge and created a clear channel of communication between departments and accounts payable systems with Pipefy. Time-consuming invoice reconciliation (28%). Learn more about strategic sourcing optimization. A shift in business demands and the role of procurement.

Strategy 52

Strategy supply chain software solutions Procurement Agile and Lean Supply Chain 52

Procurement Software

JUNE 4, 2024

This goes way beyond traditional source-to-pay and e-auction platforms. This exciting trend persuaded us that it’s about time we featured an article on these procurement tools specifically. This focus helps in eliminating manual errors and ensuring the timely delivery of materials.

Supply Chain Efficiency 52

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

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. They were struggling with high procurement costs and a lack of visibility into their supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

JANUARY 15, 2019

Thank you Bronwen for your friendship, your support of Supply Chain Game Changer, and taking the time to share your experiences and expertise with us. We’ve built a peerless network in the areas of Procurement, Logistics, Change Management, Strategic Sourcing, Planning, and other functional areas in Supply Chain.

Leadership 47

Leadership Supply Chain Efficiency Supply chain Supply chain management 47

Supply Chain Game Changer

NOVEMBER 10, 2018

For the most part, the primary focus of the supplier relationship is ensuring the right materials are available at the right time and location. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor!

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Planergy

JANUARY 26, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Project Organization Risk Also considered a planning risk, this occurs because you don’t have the right staff or tools in the right place at the correct time.

supply chain software solutions 52

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

Empowering CPO

JUNE 14, 2023

Over time, as trust in outsourcing partners grew and the benefits became clearer, companies began to outsource direct procurement activities as well, including raw materials and components essential to their end products. Co-sourcing: This model is a hybrid approach where some tasks are outsourced, and some are kept in-house.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Real-time Visibility 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. We combine this expertise with advanced analytics tools to deliver insights that drive real and measurable impact for our clients.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. They were struggling with high procurement costs and a lack of visibility into their supply chain.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. This is where managed procurement services come into the picture.

Management 52

Management Procurement Real-time Visibility Ethics 52

Empowering CPO

JUNE 20, 2023

Spend Analysis impacts Supply Chain Management in several significant ways: Strategic Sourcing: By providing a detailed breakdown of an organization’s spend across various suppliers, products, and services, Spend Analysis facilitates strategic sourcing decisions.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40

Empowering CPO

JUNE 26, 2023

In the following sections of this guide, we will provide in-depth analysis, real-world examples, and actionable recommendations to empower healthcare organizations in their journey towards optimizing costs and improving patient care through effective spend analysis. Benefits of Implementing Spend Analysis in Healthcare A.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Planergy

OCTOBER 18, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. We’ll also dive deeper into the differences between leisure and corporate trips, explain the benefits of corporate travel, and provide real-world examples.

Risk 52

Risk Negotiation Real-time Visibility Management 52

Procurement Software

JULY 18, 2023

Procoto offers features including: Strategic sourcing Smart databasing Workflow approvals RFP management Data transformation The platform’s tools and analytics aim to level the playing field between small and large companies – giving leverage to SMEs. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Planergy

OCTOBER 4, 2022

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This can improve performance by reducing the amount of time required to complete the task. In other words, the data is processed as it comes in, in real-time.

Data 52

Data Import supply chain software solutions Quality 52

Planergy

MARCH 20, 2025

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Alumni networks can become a source of voluntary donations through periodic giving campaigns or larger capital contributions for specific projects.

Sustainability 52

Sustainability Strategy Spend management Budget 52

Let's Talk Supply Chain

JUNE 22, 2022

They share what motivates them and how they drive real progress inside their organizations, industry, and community. This month, we’re proud to highlight Stephanie Shrader , senior director of strategic sourcing for Light and Wonder and a member of the Procurement Foundry. Always bring your authentic self into networking.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Strategic sourcing 52

Supply Chain Action Blog

NOVEMBER 6, 2024

However, orchestrating the value network where goods, information and currency pulse freely , fast, and securely between facilities, organizations, and even consumers, following the path of least resistance (aka the digital supply chain ), may prove to be even more complex than driving a vehicle.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 52

Procurement Insights

JANUARY 19, 2025

Manugistics : Focused on supply chain and logistics, Manugistics provided procurement tools to enhance sourcing and supplier management. Emptoris : Emptoris delivered strategic sourcing and procurement solutions, helping organizations manage spend and supplier relationships. Real-time analytics and reporting.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Supply Chain Optimization e2e 52

Planergy

DECEMBER 16, 2024

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The history of machine learning dates back to the mid-20th century, with the development of neural networks and decision trees.

Real-time Visibility 52

Real-time Visibility Data Spend management Risk 52