ProcurePort

AUGUST 24, 2021

Can purchase order management software improve efficiency for procurement teams? The question of efficiency is one that every procurement team is seeking answers for. The post Efficient Purchase Order Management Software appeared first on ProcurePort Blog. The more suppliers you have to […].

Purchase orders 130

Purchase orders Purchasing Chief Procurement Officer Management 130

ProcurePort

SEPTEMBER 14, 2021

How can purchase order automation software improve life for procurement teams? The task of managing purchase orders is no small feat. It can be even more complex when procurement teams have scores of vendors to handle and numerous purchase orders to issue each […].

Purchase orders 130

Purchase orders Purchasing Procurement team Demand 130

ProcurePort

JUNE 28, 2022

• Purchasing performance measurement is incredibly important for organizations. A cost reduction in procuring new goods and services can allow enterprises to position their end products and services competitively, thus impacting the bottom line. • In recent years, procurement teams have played a strategic role in most organizations.

Purchasing 130

Purchasing Procurement team Procurement Import 130

ProcurePort

JANUARY 20, 2022

Procurement teams rely on a multitude of frameworks to source and supply needed goods, services, and raw materials. A direct purchasing system (DPS) is a contemporary mode of procurement that has been adopted by numerous enterprises. This ‘free […]. This ‘free […].

Purchasing 130

Purchasing Raw materials Procurement team Sourcing 130

ProcurePort

JULY 7, 2022

• Lean procurement or lean purchase is seen as a principle in the procurement of achieving more with less. Lean procurement seeks to acquire the least number of inputs to achieve the desired outcomes or results. • The post What Is Lean Procurement or Lean Purchasing? appeared first on ProcurePort Blog.

Purchasing 130

Purchasing Procurement Procurement team Inventory 130

Procurement Freelancers

JULY 4, 2024

Imagine that your school requires a large project purchase. You want to obtain the finest… The post Identify Essential Skills for a High-Performing Procurement Team first appeared on Procurement Blog | Procurement & Supply Chain News.

Procurement team 96

Procurement team Procurement Purchasing Supply chain 96

ProcurePort

JUNE 15, 2020

There are many elements to be aware of as a procurement team. Understanding each and every step in the process is integral to building a successful, comprehensive, and efficient procurement process. The post Purchase Requisition Policies and Procedures Explained appeared first on ProcurePort Blog.

Purchasing 130

Purchasing Procurement team Procurement 130

Spend Matters

DECEMBER 23, 2024

By automating routine tasks, procurement teams can focus on strategic initiatives, which appeals to CFOs and finance teams. How customers justify procuretech investment to stakeholders Cost savings and efficiency: Direct savings and operational efficiency metrics resonate strongly with financial stakeholders.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

ProcurePort

MAY 27, 2020

Determining how much total money spent in the last year, identifying vendors and managing their relationships, and listing out the various categories of products and services purchased are daunting tasks to any procurement team. The post Your 5-Step Procurement Spend Analysis Template appeared first on ProcurePort Blog.

Procurement 254

Procurement Procurement team Purchasing Management 254

ProcurePort

SEPTEMBER 29, 2021

Invoice purchase order software (I/PO software) refers to technology that syncs purchase orders created by buyers and invoices generated from fulfilled purchase orders. It’s a pragmatic solution that has simplified life for procurement teams and vendors.

Purchase orders 130

Purchase orders Purchasing Procurement team Buyers 130

Spend Matters

JANUARY 8, 2025

Whether it is juggling multiple supplier requests, dealing with complex regulatory requirements or navigating interdepartmental communication gaps, procurement teams face a host of difficulties in aligning their processes to meet business needs effectively.

Market analysis 111

Market analysis Procurement team Sourcing Buyers 111

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Price Purchase Variance: What is it?

Price 130

Price Purchasing Raw materials Negotiation 130

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Order vs Invoice — 7 Key Differences Purchase orders and invoices may be hard to differentiate, especially if you are new in the procurement industry. What is a Purchase Order?

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

SCMDOJO

MARCH 6, 2022

Blanket Purchase Order Definition. A blanket purchase order is a simple way for many buying and finance directors to streamline the procurement process and enhance operational efficiency. Simply said, blanket purchase orders allow procurement managers to take advantage of preset costs while also reducing responsibilities.

Purchase orders 138

Purchase orders Purchasing Quantity Contract 138

Procurement Templates

APRIL 10, 2022

These are key topics that you should be discussing at your weekly or monthly purchasing team meetings. Procurement strategies may also vary depending on the importance of the supplier. You may also like Team Meeting Agenda , High Performing Team , Purchasing Must Become Supply Management.

Purchasing 130

Purchasing Supply Chain Optimization Supply Chain Efficiency Supply chain 130

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

SCMDOJO

JANUARY 9, 2025

Innovative Solutions: Enhancing Procurement Efficiency While strategic sourcing focuses on supplier relationships and long-term goals, innovative solutions bring technology-driven efficiency and insight to procurement processes. Moreover, early warnings allow procurement teams to take pre-emptive actions, ensuring continuity of supply.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

ivalua

MAY 31, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Learning from Supplier Relationships.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Una

MARCH 6, 2023

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. Innovative purchasing concepts Getting innovative in purchasing doesn’t necessarily mean leveraging the latest piece of technology.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

ivalua

FEBRUARY 10, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Una

AUGUST 9, 2022

How to Use Group Purchasing as a Cost Reduction Strategy. For most of us, 2020 was no time to purchase a new car or book a future trip to Disneyland. The burden of cost-cutting has traditionally fallen to the CPO and the procurement team, and the fallout from the coronavirus crisis is no different. in April 2020.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Una

JULY 6, 2022

Benefits of a Group Purchasing Organization. A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. A group purchasing organization leverages the collective purchasing power of thousands of businesses to secure lower prices for their members. Savings and beyond.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Procurement Software

MARCH 16, 2025

Digital procurement tools centralise procurement data in one app – or maybe several apps that all talk to one another – ensuring accuracy and real-time updates. As a result of better data, procurement teams gain a whole range of benefits. Digital procurement tools are the enabler to free up time for these.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Una

JANUARY 4, 2023

The Basics of Group Purchasing. Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. The basics of group purchasing. Benefits of working with a group purchasing organization.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

Una

DECEMBER 6, 2022

8 No-Brainer Reasons to Join a Group Purchasing Organization. Procurement no-brainers include low-risk, high-return activities like centralizing data , paying suppliers on time, and optimizing processes. 8 Reasons to join a group purchasing organization. In many ways, we’re like a procurement consultancy without the fees.

Purchasing 98

Purchasing Procurement strategies Suppliers Risk 98

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. Challenges of procurement risk management Why is procurement risk management so difficult?

Purchasing 96

Purchasing Risk Management Procurement 96

Spend Matters

FEBRUARY 26, 2025

Recent successes include: In 2024, 321 new government procurement teams were onboarded. And in collaboration with NIGPs RMGPA chapter and Colorados OEDIT department, SOVRA will host The Small Business Showcase at the NIGP Forum in Denver to highlight small businesses looking to expand their presence in public procurement.

Procurement 116

Procurement Bidding Contract management Data 116

Procurement Insights

FEBRUARY 21, 2025

Centralized Procurement Request System: Employees submit purchase requests through a unified intake tool , which then routes them to the correct procurement solution (e.g., Workflow Automation: Uses AI and rule-based automation to match requests with the right procurement teams, tools, and policies.

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Its real-time insights allow procurement teams to respond swiftly and effectively to changing market conditions and component availability.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. How JAGGAER Helps JAGGAERs ESG solutions help procurement teams integrate sustainability into their sourcing strategies.

Procurement 52

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

Procurement Tactics

NOVEMBER 27, 2022

Many companies are now starting to implement green procurement in their operations. In this article, you will learn what green procurement is. We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. What is Green Purchasing?

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Procurement Tactics

NOVEMBER 23, 2022

When you promise that your business processes are ethical, then you should walk the talk as customers are now wary of how their purchases can affect the environment and society. . By working with procurement teams, companies can source external resources that may help achieve CSR initiatives. . CSR is a culture of a company.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Spend Matters

FEBRUARY 13, 2025

As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. ,

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Arkestro

DECEMBER 3, 2024

SAN FRANCISCO, CA, December 3, 2024 – Arkestro is excited to announce its partnership with the Infor Marketplace , a powerful collaboration designed to enable AI-driven procurement, sourcing, purchasing, and supply chain management transformation for enterprise manufacturing teams worldwide.

Influencing 52

Influencing supply chain budgeting Supply Chain Optimization Procurement team 52

Arkestro

DECEMBER 26, 2024

Procurement teams are already using AI-powered tools to analyze vast amounts of data to identify patterns, predict trends, and recommend actions. By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. trillion , a 9.3%

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

NLPA (Next Level Purchasing Association)

JANUARY 6, 2025

What makes FIFO (First-In, First-Out) such a vital strategy for inventory management in Purchasing and Procurement? Setting Your Team Up for Success Purchasing and Procurement professionals play a critical role in driving FIFO adoption. However, these efforts are well worth the return.

Procurement team 52

Procurement team Agile and Lean Supply Chain Procurement Supply Chain Efficiency 52