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 Periodic Inventory System — Everything You Should Know Periodic inventory system is a method in accounting that is usually easier and more cost-effective. However, what is it?

Inventory 192

Inventory supply chain software solutions Real-time Visibility Quantity 192

Procurement Tactics

MAY 31, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Control — What You Should Know Inventory control allows businesses to ensure that the right amount of supply is available to meet the customers’ demands.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

TYA Suite

OCTOBER 27, 2024

Using a procurement management system is one practical strategy to strengthen these connections. 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.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Planergy

FEBRUARY 24, 2025

Download Free Copy Ultimate Guide to Procurement in Education: Tips for Schools & Academies Category Spend Management Written by Keith Murphy 16 min read Tags Education Procurement Last edited February 24, 2025 Download PDF IN THIS ARTICLE What is Procurement in Education? What is Procurement in Education?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Tactics

JULY 20, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Supplier Order Management Software: What it is?

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

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 Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. However, what is it?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

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. These indices track the average price changes of a basket of goods and services over time. Money buys less than before How should procurement manage inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Una

OCTOBER 25, 2022

How to Improve Procurement Efficiency. Procurement was once known for imposing clunky purchasing processes. Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. 8 Steps to Improve Procurement Efficiency. By Hugo Britt | October 26, 2022.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Jaggaer

FEBRUARY 5, 2025

These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility. Getting buy in is essential.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Spend Matters

JANUARY 30, 2023

Categories: Procurement Strategy & Planning , Supply Chain Visibility Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Portcast and its solution for cargo tracking. It is a data-first company that prides itself on near-instant updates and exceptional logistics visibility. Read more. )

Real-time Visibility 98

Real-time Visibility Supply Chain Visibility Supply chain Procurement strategies 98

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

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 Warehouse Automation — Transforming Warehousing Warehouse automation helps businesses to increase productivity and accuracy in their warehouses. However, what is it?

supply chain software solutions 178

supply chain software solutions Warehouse operations Order Fulfillment Inventory 178

Una

MAY 11, 2023

Building a Procurement Function From Scratch With the right approach, building a procurement function from scratch can create streamlined and efficient processes that deliver real value to your organization. Defining your goals and objectives will help you create a roadmap for building your procurement function.

Procurement 98

Procurement Real-time Visibility e2e Purchasing 98

TYA Suite

JANUARY 27, 2025

In the dynamic landscape of procurement, efficiency, transparency, and collaboration are paramount. Let's explore how community approvers contribute to the effectiveness of and why they are becoming integral to modern Community approvers represent a collaborative approach to procurement approvals.

Procurement 40

Procurement Real-time Visibility Collaboration Procurement solutions 40

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Procurement Tactics

NOVEMBER 14, 2022

33 Procurement Interview Questions in 2022. There are various discrete elements of a supply chain which include procurement, order management, inventory management, warehousing, carrier partnerships, and more. . Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. However, what is the retail supply chain?

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. However, this approach is very time-consuming and costly.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Agile and Lean Supply Chain 192

Procurement Tactics

DECEMBER 6, 2022

33 Procurement Interview Questions in 2022. However, these manual processes are ineffective and cost a lot of effort, time, and money. It is a set of practices that ensures smart procurement decisions and efficient purchasing. Visibility of expense data. Faster procurement operations . Download Whitepaper →. .

Spend management 172

Spend management Management Real-time Visibility Budget 172

Procurement Tactics

DECEMBER 21, 2022

33 Procurement Interview Questions in 2023. After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Download Whitepaper →. .

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Procurement Tactics

OCTOBER 16, 2022

33 Procurement Interview Questions in 2022. The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Visibility of the workflow. Before the creation of ERP systems, the coordination of the involved parties in the project is time-consuming and takes a lot of effort. .

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Procurement Tactics

JANUARY 2, 2023

33 Procurement Interview Questions in 2023. Many procurement professionals can work long and hard to implement processes internally for an effective supply chain process. If you have many suppliers, do not try to bring them all over to a new way of working at the same time. Download Whitepaper →. . Set regular reviews.

Suppliers 199

Suppliers Supply Chain Efficiency Real-time Visibility Supply chain 199

Una

APRIL 27, 2023

Pain Points in Procurement Series The Consequences of Getting Procurement Involved Too Late Avoid getting procurement involved too late in the purchasing process. Learn how to engage stakeholders early to amplify the value procurement brings to the table. The phone rings at the local fire station.

Procurement 98

Procurement Real-time Visibility Purchasing Risk 98

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

IBM Supply Chain Blog

FEBRUARY 28, 2024

Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies. This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

IBM Supply Chain Blog

JANUARY 23, 2024

Procurement departments tend to be less visible to many stakeholders than sales, operations or even finance departments, but the impact they have on everything from the bottom line to product quality and service delivery shouldn’t be overlooked, which is why “procurement excellence” is a worthy pursuit.

Procurement 86

Procurement Real-time Visibility Contract Suppliers 86

Una

SEPTEMBER 22, 2022

Ultimate Guide to IT Procurement. A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. Comprehensive Guide to IT Procurement. Procurement embodies purchasing across a wide range of categories. Who Owns IT Procurement?

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Spend Matters

MARCH 26, 2024

Employees may find themselves spending valuable time trying to decipher how to complete tasks within the system, detracting from their core responsibilities. By centralizing spend data and synchronizing information across platforms, businesses gain real-time visibility into their financial landscape, enabling informed decision-making.

Spend management 109

Spend management Management Real-time Visibility Innovation 109

Jaggaer

MAY 14, 2019

Source-to-Pay software or, simply put, S2P is an integrated suite of applications developed to take care of and manage each and every process within the procurement function. The procurement strategy . Improved visibility. Users can access information easier and have access to real-time data.

Real-time Visibility 81

Real-time Visibility Buying process Procurement strategies Purchasing 81

Jaggaer

DECEMBER 13, 2024

What is Procure to Pay (P2P)? Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Procurement Tactics

AUGUST 11, 2022

33 Procurement Interview Questions in 2022. Inventory Holding Cost — The Ultimate Guide of 2022. Inventory holding costs are one of the fees that an organization or business incurs. In this article, we will discuss what inventory holding cost is. My name is Marijn Overvest, I'm the founder of Procurement Tactics.

Inventory 130

Inventory Real-time Visibility Negotiation Risk 130

Procurement Software

MAY 14, 2024

Intake and procurement process orchestration is all about managing stakeholders as they navigate through the procurement process. Procurement is an intricate operation, with many moving parts and stakeholders, each playing a critical role in the harmony of your business operations. But, it’s way more than that.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Pipefy

JANUARY 11, 2023

The need for efficient and error-proof procurement processes has never been greater. Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . What is procurement transformation?

Strategy 52

Strategy supply chain software solutions Procurement Agile and Lean Supply Chain 52

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Scope : Procurement spans the entire process from identifying requirements to contract closure. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52