Procurement Insights

APRIL 8, 2025

MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supply chains. Focused on efficiency, not innovation; maintains status quo.

Supply Chain Optimization 81

Supply Chain Optimization Supply Chain Efficiency Procurement Agile and Lean Supply Chain 81

Planergy

MARCH 18, 2025

Download Free Copy Supply Chain Disruptions in Schools: Challenges and Solutions Category Inventory Written by Keith Murphy 17 min read Tags Education Risk Management Supply Chain Management Last edited March 18, 2025 Download PDF KEY TAKEAWAYS Efficient school supply chains are critical for maintaining consistent educational services.

supply chain budgeting 52

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

Procurement Tactics

JUNE 22, 2023

A purchase order is simply a document that a buyer sends to a supplier to request goods or services, which outlines the order’s details, including the quantity, price, delivery, and payment terms. Additionally, a PO can help streamline the procurement process, making it more efficient and cost-effective.

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Purchase orders Purchasing Quantity Buyers 191

Procurement Tactics

JUNE 22, 2023

It is a document that confirms the buyer’s request, including the agreed-upon terms and details such as the prices, quantities, payment method, delivery terms, and any other relevant information. Here are some of the most popular procurement software tools available in 2023: 1.

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Purchase orders Purchasing supply chain software solutions Buyers 200

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

TYA Suite

NOVEMBER 15, 2024

In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains. This level of visibility is invaluable for several reasons.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Procurement Tactics

JUNE 7, 2023

It is a common concept in cost accounting and is used to evaluate the efficiency of a company’s purchasing process. The formula is: PPV = (Actual cost – Standard cost) x Actual quantity An increase in actual costs results in a positive variance, while a decrease in actual costs results in a negative variance.

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Price Purchasing Raw materials Negotiation 130

Procurement Tactics

JUNE 8, 2023

The purchase order is written in great detail and should follow a process that is defined by the company’s procurement team. If your company depends on the daily procurement of materials or services, any delay will cause interruptions in the daily operations of your company or organization.

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Purchase orders Purchasing Buyers Quantity 130

SCMDOJO

OCTOBER 27, 2023

Volume or Quantity Negotiation: This negotiation involves discussing the quantity or volume of goods or services to be procured. Delivery and Lead Time Negotiation: Negotiating the timeframes for delivery and lead times to ensure timely supply without disruptions. Set Expectations: Suppliers appreciate transparency.

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Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

Procurement Tactics

JULY 20, 2023

But with Supplier order management software, businesses can now automate and optimize these processes, resulting in improved efficiency, cost savings, better customer services, reducing manual errors, and optimizing the overall procurement flow. This automation saves time and effort, making the procurement process more efficient.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Supply Chain Game Changer

MARCH 23, 2021

Subscribe to Supply Chain Game Changer. Is Your Supply Chain A Cost Centre or a Value Creator? Supply Chain responsibilities are vast in any organization. This can be analogous to the work done in Supply Chain. So let’s explore the Supply Chain Workload iceberg!

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Planergy

MARCH 19, 2025

Efficient supplier relationships streamline operations, improve resource use, and create better student learning environments. However, budget restrictions and transparency requirements present challenges. For schools, this ensures classrooms and operational areas remain functional and efficient.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. But today this is largely executed electronically, for example by eSourcing events and with sourcing optimization software.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Arkestro

SEPTEMBER 29, 2023

Autonomous procurement refers to the use of advanced technologies to streamline and optimize the procurement process. This approach leverages data science, machine learning, and automation to analyze large quantities of data and make procurement decisions with minimal human intervention.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Arkestro

JULY 30, 2024

Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.

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supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Demand 52

Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies. for the requested goods or services.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

Procurement Software

JUNE 4, 2024

While procurement technology for indirect spend continues to flourish, we’re now also seeing a new wave of great tech platforms for direct spend and component parts. As supply chain technology improves for transportation, inventory management and warehousing, the procurement tools for manufacturing businesses now need to step up.

Supply Chain Efficiency 52

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

Procurify

JULY 20, 2022

According to a report by Ardent Partners , 2022 savings targets for procurement teams is almost 19% lower than the last year. Although cost-saving has been a top priority for a long time, new requirements in procurement are surfacing and bringing challenges with them. Written by: Procurify.

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Purchasing Management Supply Chain Efficiency supply chain software solutions 52

TYA Suite

AUGUST 16, 2024

Effective procurement management is now essential to an organization's success. By ensuring that the proper products and services are obtained at the best possible price and in the right amount of time, efficient can have a substantial positive impact on a company's bottom line. Let's explore each step in detail.

Management 40

Management Procurement Supply Chain Efficiency Quantity 40

Jaggaer

OCTOBER 24, 2024

Though the introduction of AI into our everyday lives is relatively new, its abilities meet critical needs, enhances efficiencies, and allows procurement professionals to avoid being bogged down by mundane tasks. AI facilitates the integration of inventory data across systems, enabling agile responses to changing demands.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

Arkestro

DECEMBER 12, 2023

Resources / Blog / Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023 Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023 The holidays are here, meaning people all around the globe are attending festive parties, baking tasty treats, and — of course — shopping for gifts.

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Procurement Supply Chain Optimization Supply Chain Efficiency supply chain budgeting 52

Empowering CPO

JULY 5, 2023

We believe in the power of strategic sourcing and procurement to drive significant value across organizations. Our offerings, from spend analysis and sourcing support to contract and supplier management, are designed to optimize procurement operations, improve efficiency, and drive cost savings.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

TYA Suite

OCTOBER 16, 2024

The procure-to-pay (P2P) cycle is a critical process that encompasses the entirety of procurement and payment activities within an organization. Efficient management of the P2P process cycle is critical for enhancing operational efficiency, controlling costs, improving supplier relationships, and ensuring compliance.

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Purchase orders Procurement Supply Chain Efficiency Purchasing 40

Spend Matters

JUNE 21, 2023

Read our previous coverage here: Carbon Management (Part 1): TechMatch launch, participating vendors and overall results Carbon Management (Part 2): Overview of solutions and strengths/weaknesses But, before going into the details of the update, let’s look at the current state of Carbon Management in procurement and supply chain management.

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Management Supply Chain Efficiency Data Supply chain 74

Procurement Software

JUNE 25, 2024

We have the potential to enhance operational efficiency and drive wider business objectives. This article will first of all guide you through the essentials of procurement cost savings. Ensure you account for both direct savings, such as reduced purchase costs , and indirect savings like efficiency improvements or decreased waste.

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Procurement Supply Chain Efficiency Chief Procurement Officer Price 52

Arkestro

FEBRUARY 6, 2024

More and more, procurement professionals everywhere are seeing the value of using a platform like Arkestro for sourcing and spot purchase events, making their procurement processes more competitive, and driving cost savings. Supplier and Buyer Engagement In India, our team worked to train over 15 buyers.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Arkestro

MAY 16, 2022

Eco-Efficiency Analysis was used to ensure raw materials have minimal impact on biodiversity, land use, and working conditions. Enforced supply chain due diligence when importing critical mineral raw materials from countries under conflict. Predictive Procurement Orchestration as a Competitive Strategy.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

Pipefy

JANUARY 31, 2023

Or can the items be purchased from various suppliers based on what’s more cost-efficient? It’s more common for direct procurement to involve rigid purchasing (i.e. sourcing a specific product or part from a specific supplier) and for indirect procurement to involve more flexibility (i.e. no sourcing restrictions).

Purchase orders 59

Purchase orders Purchasing Procurement Quantity 59

TYA Suite

SEPTEMBER 15, 2024

Companies increasingly turn to innovative systems to improve their procurement operations, increase efficiency, and cut expenses. Among these solutions, procurement ERP (Enterprise Resource Planning) stands out as a game changer. Compliance with regulatory requirements and internal policies is crucial in procurement.

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Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 40

Empowering CPO

JUNE 27, 2023

A robust spend analysis provides a comprehensive view of your company’s expenditures, helping you identify savings opportunities, enhance efficiency, and ultimately, fuel business growth. By diversifying their supplier base, companies can reduce the risk associated with supply chain disruptions.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Purchase orders Supply Chain Efficiency 52

TYA Suite

NOVEMBER 25, 2024

Strategic-sourcing uses this data to make smarter choices that improve cost efficiency. This approach can lead to poor choices that may impact product quality and supply chain stability. In strategic sourcing, the focus is also on unders tanding and managing risks associated with the supply chain.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Jaggaer

JULY 23, 2019

Supply chains are multi-tiered and therefore difficult to manage. In recent years, these complex supplier networks have posed difficult challenges for the purchasing teams that are charged with ensuring that goods are made at the right price, are delivered on time and meet the right ethical and quality standards.

Suppliers 40

Suppliers Sourcing Management Supply Chain Efficiency 40

Pipefy

FEBRUARY 3, 2023

Invoices are documents generated and issued by suppliers that indicate the products, product quantities, and pricing for products and services provided by them to a business, either via email, mail, or electronically. Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Empowering CPO

JUNE 27, 2023

Delving into the intricate process of spend analysis, including data collection, cleansing, and analysis techniques, along with the role of technology in enhancing efficiency. Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

World of Procurement podcast

JUNE 15, 2021

We covered a lot of ground in this 25-minute podcast and this podcast is going to be exceptionally beneficial to you if you are currently looking at your supply chain and wondering how can we improve visibility, how can we reach our sustainability goals using our supply chains and how do we know what is in this product?

Sustainability 52

Sustainability Real-time Visibility Supply Chain Efficiency Procurement 52

Pipefy

JULY 29, 2024

Better process efficiency and excellence The first stage of optimization is process discovery, and AI can be an effective tool for parsing complex systems. AI can make good processes more efficient, but only purposeful application will yield excellence. How will you build transparency into your automation initiatives?

Data 52

Data Supply Chain Efficiency Supply Chain Optimization Risk 52

Planergy

JANUARY 18, 2024

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. If you’re starting the catalog creation process from scratch, does it have the configurable options you need to make maintaining high-quality data and procurement analysis possible? What's Planergy?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52