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. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency 178

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

Jaggaer

OCTOBER 24, 2024

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 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

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Planergy

MARCH 19, 2025

Modern Spend Management and Accounts Payable software. Schools thrive when predictable and reliable supply chains foster a stable learning environment. Its about streamlining processes so you know what you need and when, and how long your supplies will last. What's PLANERGY? Download PDF Whats your goal today?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

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. First, it allows companies to identify bottlenecks within the supply chain quickly.

Supply Chain Efficiency 40

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

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.

Supplier negotiation 105

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

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

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

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. Implementing digital technologies.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Arkestro

MAY 16, 2022

Enforced supply chain due diligence when importing critical mineral raw materials from countries under conflict. 35,000 different raw materials and 6,500 suppliers are a lot of balls in the air to manage for this company’s procurement team. That’s where technology can make a huge difference. That’s the beauty of Arkestro.

Raw materials 52

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

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency supply chain budgeting 52

Procurement Software

JUNE 25, 2024

Cost Avoidance in Procurement Understanding the difference between cost savings and cost avoidance is essential for measuring procurement efficiency accurately. Cost savings refer to actions that result in spending less than what was previously spent for the same quantity and quality of goods or services.

Procurement 52

Procurement Supply Chain Efficiency Chief Procurement Officer Price 52

Pipefy

JANUARY 31, 2023

A centralized team operating as a center of excellence is responsible for strategy, knowledge sharing, and supply chain optimization, which in turn empowers those in charge of more tactical and transactional front-line purchasing roles. There are four distinct types of purchase orders: standard, planned, blanket, and contract.

Purchase orders 59

Purchase orders Purchasing Procurement Quantity 59

TYA Suite

SEPTEMBER 15, 2024

Procurement ERP refers to integrating procurement functions within an enterprise resource planning system. ERP systems are designed to centralize and automate various business processes, providing a unified platform for managing resources, finances, operations, and supply chains.

Procurement 40

Procurement Real-time Visibility supply chain software solutions 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

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

World of Procurement blog

AUGUST 10, 2021

An RFQ is a request you issue when you know what you need, typically for commercial off the shelf goods, services and software products. You may already have an approved list of suppliers and you may be looking further afield to onboard new partners who may be capable of providing whatever it is you're looking to procure.

Procurement 52

Procurement Suppliers supply chain software solutions Price 52

Empowering CPO

JUNE 27, 2023

It helps organizations identify potential bottlenecks, supply chain vulnerabilities, and non-compliant practices, enabling proactive risk mitigation and adherence to regulatory requirements. By ensuring compliance, businesses protect their reputation, avoid legal consequences, and maintain ethical procurement practices.

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

Empowering CPO

JULY 5, 2023

These challenges, compounded by the increasing complexity of global supply chains, have highlighted the need for a digital transformation in procurement. Digital transformation in procurement is no longer a luxury but a necessity.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Pipefy

MAY 9, 2023

Monitoring procurement KPIs is a vital part of keeping track of an organization’s overall health and the smaller endeavors that contribute to that. 22 KPIs every procurement team should track As procurement has evolved so has the work of procurement teams, and especially so in recent years.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52