Procurement Leaders

AUGUST 2, 2023

The reality is that far too many procurement teams are missing the trick, believing that IR35 is too complex and that they face too many internal hurdles. Implemented correctly, you’ll deliver seven- or even eight-figure annual savings, directly impacting the bottom line, not cost avoidance. Misunderstood? Far from it.

Procurement 182

Procurement Vendor management Procurement team Contract 182

Pipefy

OCTOBER 25, 2023

Procurement teams have a critical role to play in business strategy. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and stay competitive. Not only does this increase procurement team autonomy, it also helps conserve valuable IT resources.

Procurement team 52

Procurement team Agile and Lean Supply Chain Business strategy Procurement 52

Arkestro

OCTOBER 10, 2023

This helps procurement teams make informed decisions and negotiate better contracts, potentially saving significant costs. By optimizing inventory levels and ensuring timely procurement of essential materials, companies can cut costs by 15%. Likewise, labor rates are growing at more than 9% per year.

Agile and Lean Supply Chain 52

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

Procurement Software

MAY 28, 2024

Procurement KPIs for Efficient, Customer-Centric and Digital Teams A digitally enabled procurement team must track more relevant procurement KPIs, which provide insights into spending , supplier performance and process efficiency. Often, this is due to poor experiences in the past which have haunted users.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

ivalua

JUNE 27, 2022

As a result, Ivalua customers’ buyers can strategically align all 3 teams- finance, procurement, and treasury- to complete a holistic, tightly integrated Procure-to-Pay strategy. The data from the C2FO working capital marketplace cycles back into the Ivalua platform and adds more vendor management and risk intelligence.

e2e 130

e2e Buyers Suppliers Supply chain 130

Arkestro

JULY 30, 2024

Production to Order and its Role in Procurement In the context of supply chain management, production to order significantly impacts the procurement process. Procurement teams play a vital role in sourcing raw materials and components needed for the manufacturing of vehicles based on real-time orders.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Demand 52

Procurement Tactics

SEPTEMBER 12, 2022

Jaime Paiva, also an SPP member as co-chair for supplier diversity, represented Zurich as head of procurement and vendor management. In his talk, he made a point of understanding company strategy before applying a procurement strategy. The structure of procurement teams was tackled in the event.

Sustainability 201

Sustainability Chief Procurement Officer Procurement Supply chain 201

Planergy

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Including stakeholders in vendor selection ensures that all relevant viewpoints are considered. Each stakeholder brings a unique perspective and set of expertise to the table, which can greatly enhance the decision-making process.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Empowering CPO

JUNE 20, 2023

Introduction In today’s dynamic and complex business landscape, effective vendor management has become more crucial than ever. It’s no longer just about procuring goods and services at the lowest possible cost, but it also involves nurturing strategic relationships, managing risks, and ensuring performance and quality.

Vendor management 40

Vendor management Vendor relationships Management Supply Chain Efficiency 40

The Procuretech Podcast

SEPTEMBER 26, 2022

And most importantly, she's the CEO of Transformify - a vendor management and payroll management system. There are two big problems that pretty much every procurement team faces. Vendor management is a big one. . Be it regular or one-off vendors, using a traditional approach is very time consuming.

Management 40

Management Vendor management Influencing Procurement team 40

Supply Chain Game Changer

JUNE 23, 2021

These procurement teams must resort to operate in an antiquated environments, i.e. interacting with each supplier one at a time then follow by long hours of sorting through the information. While good procurement teams do their best to maintain a good discipline in procurement practice; there is a lot of room for improvement.

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

Zycus Cognitive Procurement

JULY 27, 2021

One of the most complex tasks for procurement teams is extracting invoices from emails, matching them with relevant POs, and collecting hard copies with them. Vendor Management. Traditional time-consuming, email-based processes are far from seamless and require constant follow-ups. Invoice Matching.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

SCMDOJO

APRIL 20, 2023

From overseeing purchasing activities, negotiating with vendors, and managing supplier relationships to ensuring compliance with regulations and optimizing procurement strategies, this template will help you understand the core duties and qualifications expected of a Procurement Manager.

Management 100

Management Procurement Contract management Supply Chain Optimization 100

Una

AUGUST 23, 2022

Hire or train members of your procurement team to gain a base understanding of IT language, along with the function’s challenges, priorities, and ways of working. For example, most IT teams have adopted Agile development , which means procurement should understand how this works even if they don’t practice Agile themselves.

Collaboration 98

Collaboration Procurement Purchasing Data 98

Pipefy

DECEMBER 22, 2022

In addition to obtaining RFIs for current needs, businesses typically store RFIs in a database so that they are available when future purchasing and procurement needs arise. Find the right automation tool for your procurement team The Buyer’s Guide to Automation Platforms Download now. RFI benefits and components.

Bidding 52

Bidding Purchasing Price Procurement team 52

Una

JULY 18, 2023

Technical know-how In this age of rapid digital transformation, it’s essential for procurement professionals to be tech-savvy. Familiarity with procurement software platforms , e-procurement systems, and vendor management systems is a must.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Sustainability 52

Planergy

SEPTEMBER 8, 2022

Regular supplier evaluation is vital for procurement teams. We’ve helped save billions of dollars for our clients through better spend management, process automation in purchasing and finance, and reducing financial risks. The sooner you can spot issues and take corrective actions, the better.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Procurement Software

NOVEMBER 21, 2022

On the other hand – professional services businesses (banking, insurance, law) and life sciences have typically been the last to invest and centralize their procurement efforts. The reason can be found in their high margins and thus, cost and vendor management not being at the forefront of their critical business priorities.

supply chain budgeting 52

supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Planergy

AUGUST 16, 2022

Evaluate Your Supplier Base First, look at the number of suppliers your procurement teams rely on every day. A clear process that uses a systematic approach with all suppliers makes it easier for procurement teams to spot problematic suppliers and those that are worth investing in. Is there room to remove dead weight?

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Zycus Cognitive Procurement

DECEMBER 9, 2020

Now that the situation is slowly moving towards normalcy, supply chain and procurement teams are under insurmountable pressure to monitor and mitigate supplier risks and compromise competitiveness closely. Learn More: Vendor Management Guide.

Risk management 52

Risk management Risk Suppliers Management 52

Pipefy

JANUARY 11, 2023

By sharing information, vendors can better anticipate and meet your business’s needs and expectations. At the same time, this collaboration helps procurement teams understand the vendor’s processes and requirements, which establishes alignment and prevents miscommunications, delays, or errors. Vendor conformity.

Vendor relationships 59

Vendor relationships Management Procurement team Vendor management 59

Zycus Cognitive Procurement

DECEMBER 18, 2020

This is a cause of worry and caution for procurement teams, which may be looking to rapidly onboard new suppliers to fill in the gap created by their primary suppliers going bust. Learn More: Vendor Management Guide. Source: INTERPOL REPORT SHOWS ALARMING RATE OF CYBER ATTACKS DURING COVID-19. References: 1) [link].

Risk 40

Risk Suppliers Real-time Visibility Supply chain 40

Pipefy

MARCH 6, 2023

Phase 1 – Defining needs Phase 2 – Supplier selection Phase 3 – Order management Phase 4 – Purchase evaluation Phase 5 – Supplier management Phase 1 – Defining needs During this initial phase of the procurement cycle, the focus will be on determining what is needed — and when.

Procurement 59

Procurement Procurement team Purchase orders Vendor relationships 59

Procurement Heads

FEBRUARY 22, 2023

What are the roles and responsibilities that the procurement function holds within your organisation? The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Pipefy

NOVEMBER 3, 2023

What this means for procurement This growing interest and investment in BPA software is good news for procurement teams. Digital automation optimization helps procurement teams achieve this type of resiliency by simplifying process automation and making it easier for teams to modify and improve their procurement workflows.

Procurement 52

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

Pipefy

JANUARY 4, 2023

But the inherent complexity of the procurement process means that it’s also prone to inefficiencies, errors, and broken handoffs. That makes procurement automation more important than ever. Escalating supply-chain volatility and inflation put pressure on procurement teams to “do more with less.” Procure-to-pay (P2P).

Procurement 52

Procurement Procurement team Purchase orders e2e 52

Empowering CPO

JULY 17, 2023

By pairing our deep procurement expertise with advanced technologies, we offer a comprehensive suite of services designed to meet the unique needs of each business. From sourcing strategy and vendor management to transaction processing and analytics, we are your partner in navigating the ever-evolving world of procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Procurement Tactics

JULY 14, 2022

A procurement service provider can provide e-procurement hosting, management services, vendor management, supplier risk assessment, and writing contracts. . Their services can include managing the whole end-to-end process of the project. You need to know what your procurement team is currently lacking.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Skill Dynamics

OCTOBER 19, 2023

Successful Strategies for Mastering Procurement Optimization By delivering targeted procurement training , you’re already taking the first step for your business, and there is also a range of training content and competencies that can help your procurement team improve its ability to identify and implement more efficient processes and practices.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Procurify

JULY 4, 2022

This results in surprise invoices, rogue spending, going over budgets, and accounting headaches for finance and procurement teams. How to fix this procurement challenge. So, when your employees aren’t purchasing from approved vendors, business opportunities are missed, and risk is introduced.

Real-time Visibility 59

Real-time Visibility Procurement Budget Purchasing 59

Una

SEPTEMBER 22, 2022

Train members of your procurement team to gain a base understanding of IT language, along with the function’s challenges, priorities, and ways of working. Have procurement be a part of IT's planning cycles with monthly or quarterly touch points and proactively show IT what the function is capable of. Speak the IT language.

Procurement 98

Procurement Contract Real-time Visibility Purchasing 98

SCMDOJO

DECEMBER 11, 2023

The Past Due Purchase Order (PO) Report is important for supply chain and procurement teams. Looking at and dealing with this report often keeps our buying processes working well and builds good relationships with our vendors. What are the 5 main things in procurement?

Supply Chain Efficiency 17

Supply Chain Efficiency Purchase orders Procurement Bidding 17

Zycus Cognitive Procurement

JULY 30, 2021

Hence, procurement teams are compelled to scale up, scale down, pause, or even accelerate processes depending on the market situation and current supplier dynamics. Learn More: Vendor Management. The last year demonstrated precisely how important it is to have an agile and mature SRM capability.

Supplier relationship management 52

Supplier relationship management Suppliers Management Procurement 52

The Procuretech Podcast

DECEMBER 21, 2021

I walk through some of my personal frustrations from the corporate world of how inefficient the vendor onboarding process is, through a mix of poor communication, excessive compliance requirements, vendors not following the process right the way through to internal routing of approval workflows being broken. So, how do we improve this?

Management 40

Management Suppliers Data Risk 40

Una

APRIL 9, 2024

Additional benefits of partnering with a GPO include: Supply chain management assistance: GPOs provide valuable cost-avoidance solutions when trying to manage the purchasing and negotiation process with suppliers. This frees up valuable time and resources for businesses to focus on their core competencies.

Purchasing 52

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

Planergy

JANUARY 18, 2024

Train the procurement team on the importance of catalog compliance and how to ensure it can also be beneficial. Keeping Catalog Data Accurate Data accuracy is the backbone of effective catalog management. Regular audits can help identify any discrepancies early and allow for corrective measures.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurement Software

MAY 16, 2023

Kissflow Kissflow Procurement Cloud is a cloud-based procurement software that offers a wide range of modules to streamline purchasing processes. The platform includes P2P modules such as purchasing, vendor management and invoice management.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96