Remove Price negotiations Remove Risk management Remove supply chain software solutions
article thumbnail

How to be a better procurement manager in 2022: The latest updates on procurement digitization

Zycus Cognitive Procurement

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. This blog will help you become a better procurement manager by providing you the latest updates on procurement digitization. However, talent management and innovation are expected to be the long term investments. .

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Conduct supply chain audits and due diligence on high-risk categories. Maintains relationships with suppliers.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business process management (BPM) examples

IBM Supply Chain Blog

Get the COO’s Pocket Guide to Enterprise-wide Intelligent Automation 3 main types of business process management Integration-centric BPM focuses on processes that don’t require much human involvement. Workflows can be established that govern the movement of goods from supplier to customer.

article thumbnail

What is Digital Procurement? Ultimate Guide to Procurement Transformation

Pipefy

Digital procurement means letting go of manual data entry, paperwork, and complex request management and instead opting to use software that streamlines procurement through integration and automation. For example: the ERP system, SAP, Netsuite, and other finance software. Benefits of digital procurement.

article thumbnail

Procurement KPIs: 22 Essential Metrics for Tracking and Visualizing Procurement Performance

Pipefy

Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. This constitutes a high risk for shortages and bottlenecks; potential customers will take notice as was recently shown with the most recent supply chain disruptions. There is a lack of leverage for price discounts or negotiations.

article thumbnail

The Comprehensive Guide to Spend Analysis in Healthcare

Empowering CPO

Cost Pressures: Healthcare organizations face significant cost pressures due to factors such as rising drug prices, expensive medical equipment, and the need to attract and retain skilled healthcare professionals. This includes procurement systems, financial systems, enterprise resource planning (ERP) software, and supplier databases.

article thumbnail

Managed Procurement Services: A Strategic Approach to Cost Reduction

Empowering CPO

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. However, in today’s complex and globalized economy, procurement goes far beyond simple buying.