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9 “Alt” Procurement KPIs and Metrics for Modern Teams

Procurement Software

Procurement KPIs and procurement metrics are crucial to measure the success of streamlined procurement process. However, many KPIs in procurement have become outdated. We need to move with the times. With AI and new generations of procurement tech, an alternative set of procurement metrics are necessary.

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Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Taking your time throughout the process ensures you get the best possible match. Vendor analysis is crucial for risk management.

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PROCURE TO PAY AUTOMATION – BEST PRACTICES AND BENEFITS

Zycus Cognitive Procurement

Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience.

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A 3-step guide to Supplier Risk Mitigation: COVID-19 and beyond

Zycus Cognitive Procurement

Introduction: Supplier risk mitigation has become very important, especially in these times. The two key themes to come out of 2020 from a procurement and supply chain standpoint have been supplier risk mitigation and cyber threat. With time, organizations did find ways to get their supply chains back up and running.

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10 Common Procurement Mistakes and How to Solve Them

Procurify

When this happens, a lot of time and effort is lost trying to recover the money. . How to fix this procurement challenge. You should also set up approval sequences in your e-procurement software so you can have better visibility and insights into the procurement process. How to fix this procurement challenge.

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11 Best Procure-to-Pay Software for the Mid Market

Procurement Software

Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making.

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The 25 Hottest US Procurement Startups

Procurement Software

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. The platform also offers supply and risk management insights.