World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

NOVEMBER 25, 2024

What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Strategic is about building strong, lasting relationships with suppliers that deliver the best overall value.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. A procurement automation system may help a company become more efficient by offering unparalleled collaboration.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Strategic Sourceror

DECEMBER 20, 2022

When a warehouse receives an order from a customer, a multitude of actions take place for the desired item to be selected, handled, packaged, placed and shipped to the buyer. Automated fulfillment resources help to hasten delivery while lowering costs. Brought to you by the StrategicSourceror.

Supply Chain Optimization 108

Supply Chain Optimization Supply Chain Efficiency Order Fulfillment Demand 108

Supply Chain Trend

DECEMBER 22, 2023

In the end, IBP is a philosophy, or belief system that strives for transparency, near perfect integration and alignment, both horizontal (between functions, BUs, even companies) and vertical (between strategy, planning and execution). These are ideas of enhancement, evolution, not replacement. So, there are many possible approaches.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Procurement Software

JANUARY 23, 2024

Budget management and control features allow for transparent presentation and allocation of budgets. Matchory Matchory is a German procurement startup offering a data-driven strategic sourcing solution. This collects supplier data from a range of sources, then applies machine learning and other technologies to analyse it.

Procurement 52

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