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?

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Arkestro

DECEMBER 26, 2024

Staying on top of the ever-changing procurement landscape in 2025 is paramount to staying competitive. As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond.

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Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

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.

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Jaggaer

NOVEMBER 14, 2024

In today’s dynamic market, procurement is far more than just a buying and purchasing center. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance.

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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.

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Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

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. , So there was a lot of opportunity to do more and make a bigger impact.

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Influencing Procurement supply chain budgeting Strategic sourcing 103

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.

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Arkestro

NOVEMBER 12, 2024

Historically, the focus has been on optimizing portfolios of spend—prioritizing what to address, defer, or ignore—using well-known frameworks such as the Kraljic Matrix and the Pareto Principle. However, even with these tools, traditional procurement practices remain susceptible to inefficiencies and overspend.

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Procurement Bidding Procurement team Supply Chain Efficiency 52

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.

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Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

NLPA (Next Level Purchasing Association)

AUGUST 28, 2024

Supplier onboarding is a critical process in procurement and supply chain management, directly influencing efficiency and performance. This guide explores key steps, challenges, and best practices to optimize onboarding within procurement and purchasing contexts.

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Spend Matters

MARCH 25, 2025

Identifying key stakeholders Procurement operates within a complex ecosystem where multiple internal and external stakeholders hold different levels of influence. Internally, procurement teams must collaborate closely with finance, IT, legal and operational leadership, each with distinct priorities and decision-making authority.

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Stakeholder engagement Management Procurement Influencing 70

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?

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ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Yet in 2020, over two million people purchased goods online. Optimize New Spend . NFR Categories. With change comes innovation.

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Procurement Insights

DECEMBER 20, 2024

ZIP Strengths in Implementation and Payback: Quick Setup: Designed for fast deployment , especially in environments where procurement workflows are manual or fragmented. Immediate ROI Through Workflow Efficiency: Automates purchase requests, approvals, and vendor onboarding, significantly reducing cycle times and errors.

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Procurement Insights

MARCH 16, 2025

Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.

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TYA Suite

OCTOBER 27, 2024

This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers. is a comprehensive solution designed to automate and optimize the. We will also discuss how to implement this tool to maximize its effectiveness.

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supply chain software solutions Supply Chain Efficiency Management Procurement 40

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? In the fast-paced and ever-changing world of supply chains, FIFO stands out as a simple yet transformative approach. Manufacturing : Optimizes raw material usage, especially in batch production.

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

Supply Chain Game Changer

JANUARY 5, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. What is Purchase Price Variance (PPV)? Subscribe Here! Email Address. Get OUR EBOOKS HERE. New materials.

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Spend Matters

JANUARY 12, 2024

Procurement priorities will shift as budgets increase Driven by expected budget increases in 2024, procurement teams globally will make a dramatic shift in how they spend their time, placing an added emphasis on pursuing ESG goals.

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Procurement solutions Procurement supply chain budgeting Procurement team 111

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Procurement price reductions can have a major influence on a business bottom line. It’s time for the Auctioneer to take the stage!

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Procurement Insights

MARCH 27, 2025

AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1.

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

Spend Matters

JULY 22, 2024

In today’s rapidly evolving business landscape, procurement is no longer just about purchasing goods and services. It’s about strategically managing resources, optimizing supply chains and driving organizational value. Enter spend analytics solutions — a game changer for modern procurement teams.

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Supply Chain Optimization Procurement team Purchasing Supply chain 111

Procurement Insights

JANUARY 3, 2025

Analytics and insights from procurement data were minimal. 20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management.

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Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?

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Procurement Templates

MARCH 3, 2024

A RFQ is used for low cost purchases and a PQQ is typically used for higher cost tenders. Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

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World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. This frees up procurement professionals to focus on high-value strategic activities. AI-driven spend analytics provide the foundation for data-based decision making in procurement.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. These elements are the main focus of monitoring the procurement process of your company and are the factors that determine whether the procurement is efficient and feasible.

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Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

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NLPA (Next Level Purchasing Association)

SEPTEMBER 30, 2024

This change is particularly relevant for procurement and purchasing professionals. As businesses strive for greater efficiency and cost savings, automation reshapes how warehouses function and how goods move through the supply chain. This allows procurement teams to fulfill orders faster and more accurately.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Arkestro

JANUARY 4, 2023

In 2022, procurement faced challenges on multiple fronts. Among them were supply chain disruptions , inflation, and supply scarcity and shortages. Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey.

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Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. Manufacturers, take charge of your supply chain! Let’s explore further.

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Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Tactics

OCTOBER 13, 2022

However, not many people know their real role in procurement. . We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. Strategic sourcing is a part of the supply chain and puts an emphasis on customized solutions and strategic partnerships.

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Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Tactics

JULY 20, 2023

This includes tasks such as creating purchase orders, managing inventory levels, tracking shipments, and reconciling invoices. Supplier order management software, also known as “ purchase order management software” is a digital solution designed to simplify and optimize the supplier order management process.

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supply chain software solutions Suppliers Management Purchase orders 134

Jaggaer

DECEMBER 12, 2024

enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 JAGGAER One 24.3 Version 24.3

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Spend Matters

OCTOBER 22, 2024

In today’s fast-paced business environment, procurement teams are often trapped in reactive cycles, limited from providing strategic foresight. A key solution is embracing digitalization, specifically by integrating orchestration, automation and artificial intelligence (AI) into procurement processes.

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Procurement Insights

MARCH 25, 2025

ANSWER #1 AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1.

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Real-time Visibility e2e Suppliers Contract 60

ivalua

MAY 11, 2021

The research firm asked more than 400 respondents across Europe, the Middle East and Africa 12 questions related to some key themes: What are the strategic priorities of purchasing departments in the region? El-Jawahari, procurement’s priorities have shifted in the Middle East since the pandemic’s onset.

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