Procurement Insights

FEBRUARY 18, 2025

Fragmented Supplier Networks & Lack of Standardization Why It’s a Challenge: Packaging companies work with diverse suppliers , including raw material providers (paper, plastics, metals), logistics partners, and contract manufacturers. Inconsistent tracking of shipment notices and delivery updates.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Procurement Tactics

JUNE 19, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter AI in Logistics — The Ultimate Guide Artificial intelligence is rapidly revolutionizing industries and logistics is not an exception. CERTIFICATE COURSES Related courses about this subject 1.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

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 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. It can be due to factors such as rising wages, higher raw material prices, or increased taxes. Money buys less than before How should procurement manage inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

SEPTEMBER 13, 2022

33 Procurement Interview Questions in 2022. From raw materials sourcing to production, storage, and delivery, it monitors if these processes may cause harm to the environment and communities. . My name is Marijn Overvest, I'm the founder of Procurement Tactics. First Name. Download Free Whitepaper ?.

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Sustainability 183

Jaggaer

APRIL 9, 2025

While many manufacturers rely on ERP systems for procurement, these platforms are designed for broad business management rather than the intricate demands of sourcing, supplier collaboration, and cost control in a manufacturing environment. This capability minimizes downtime and maximizes resource utilization.

Real-time Visibility 52

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

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Supply Chain Game Changer

SEPTEMBER 5, 2022

Supply Chain Visibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier Supply Chain visibility. Visibility comes at a cost – one we’ve spoken about before: trust.

Supply Chain Visibility 95

Supply Chain Visibility Real-time Visibility Supply Chain Efficiency supply chain budgeting 95

Procurement Express

DECEMBER 31, 2024

Procurement software tends to fall into one of three categories. Then, there is accounting software that people use to keep track of POs, sacrificing a comprehensive procurement suite for all-in-one convenience. What is Procurement Software? How Does Procurement Management Software Work? Improved cost control.

supply chain software solutions 40

supply chain software solutions Purchase orders Procurement Real-time Visibility 40

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. What is Inventory Management?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

TYA Suite

APRIL 13, 2025

It helps organizations plan, track, and manage everything involved in purchasing goods or servicesfrom ordering office chairs to sourcing raw materials. Heres why this matters toyou: Whether youre a small business owner, a team leader, or someone curious about streamlining workflows, understanding a can save time, money, and stress.

Management 40

Management Procurement Real-time Visibility Budget 40

Procurement Leaders

JUNE 10, 2024

Just 1% of respondents to a poll Procurement Leaders conducted at the World Procurement Congress said they have “excellent” multi-tier visibility of the supply base. In real terms, this translates to three of those who responded to our poll claiming they had “cracked the code” of supply chain transparency.

e2e 100

e2e Real-time Visibility Supply Chain Efficiency Raw materials 100

Procurement Insights

APRIL 9, 2025

Enhanced Adaptability to Dynamic Environments Challenge : Traditional equation-based models fail to respond to real-time disruptions (e.g., Example : Agents from a manufacturer and Tier 1/2 suppliers jointly resolve component shortages by redistributing inventory in real time. 3-way invoice matching).

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Agile and Lean Supply Chain 52

Jaggaer

OCTOBER 24, 2024

Suppliers contribute their expertise in battery technology, lightweight materials, electronic components etc., The result is a vehicle that meets market demands for sustainability and performance while reducing time to market and production costs. leading to a more innovative and efficient final product.

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

Jaggaer

APRIL 9, 2025

Here, well break down what to prioritize in an ERP system, how it connects procurement with production, and why pairing it with a Source-to-Pay solution strengthens supplier collaboration and cost control. is Transforming Industry Smart factories, real-time data, AI-powered systemsManufacturing 4.0

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Agile and Lean Supply Chain Raw materials 52

Jaggaer

APRIL 9, 2025

The Manufacturing Supply Chain Journey through AI and Automation Manufacturing Supply Chains Explained The manufacturing supply chain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

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

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. It encompasses activities such as procurement, supplier selection, and evaluation. It includes activities such as order processing, packaging, and delivery.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

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

NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. Benefits of Investing in Supply Chain Visibility To address these challenges, businesses are increasingly turning to supply chain visibility solutions.

Supply Chain Visibility 52

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

Procurement Insights

MARCH 18, 2024

“Supply chain visibility refers to the ability to track and monitor products, materials, and information as they move through the various stages of a supply chain, from the sourcing of raw materials to the delivery of the final product to the end consumer. Keep that in mind.

Supply Chain Efficiency 85

Supply Chain Efficiency e2e Supply chain Real-time Visibility 85

TYA Suite

APRIL 13, 2025

By automating and standardizing these steps, businesses save time, reduce errors, and maintain control over spending. What sets a modernPurchase Order Approval Workflowapart is its ability to providereal-time insights. Before a purchase order is approved, the finance or procurement team reviews it to make sure everything is correct.

Purchase orders 40

Purchase orders Purchasing Real-time Visibility Budget 40

SCMDOJO

JUNE 14, 2024

Paul Denneman , a Master APICS® Instructor with over 20 years of experience, and Maryna Trepova , a renowned procurement expert, are just a few of the instructors leading the way. Actionable Skills for Real-World Impact: Go beyond theory and gain the practical skills you need to make a tangible difference. No problem!

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 105

TYA Suite

APRIL 13, 2025

These issues can waste time, increase expenses, and cause frustration for your team. Over time, these small problems add up, making it difficult to grow smoothly. It saves time, reduces mistakes, and gives you a clear view of all purchases, helping you make better decisions. raw materials, software licenses).

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Customer Lead Time (Service). Procurement Cost.

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

Procurement Insights

APRIL 18, 2025

Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.

Price 59

Price Demand Supply chain Real-time Visibility 59

Arkestro

MAY 16, 2022

Predictive procurement is a must-have in chemical manufacturing. Using a huge range of raw materials for production, companies in this industry supply chemicals to virtually every sector. Shipments are global, and so are the sources of raw materials. Some raw materials are in short supply.

Raw materials 52

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

Supply Chain Game Changer

NOVEMBER 9, 2021

Is Just In Time Past Its Time? And standard operating practice in the automotive industry is just-in-time delivery dynamics. At the same time demand dropped dramatically at the beginning of the pandemic. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Environmental Impacts and Market Dynamics.

Supply chain 93

Supply chain Raw materials Supply Real-time Visibility 93

Procurement Express

DECEMBER 31, 2024

Procurement managers are pros when it comes to negotiating deals down to the penny, working closely with suppliers to secure terms that place them at a strategic advantage. However, these strategies often only account for direct procurement or the purchases associated with the products a company sells.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

SCMDOJO

MARCH 15, 2023

Read More: The Challenges and Opportunities of Implementing Artificial Intelligence in Procurement ] What is ChatGPT? For instance, manufacturers can use ChatGPT to manage inventory levels by getting real-time insights into supply and demand patterns. It can also help to automate repetitive tasks in Excel using macros.

Supply Chain Optimization 126

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 126

Una

APRIL 11, 2023

Advantages and Disadvantages of ERP Systems Discover the advantages and disadvantages of utilizing ERP systems to drive efficiencies and cost savings in procurement. They also typically provide analytics and reporting tools that allow managers to monitor performance and make data-driven decisions in real time.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Automation Automation can streamline supply chain operations, from order fulfillment to inventory tracking.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

Procurement Software

MARCH 11, 2022

Not many people outside of our profession understand what is Procurement and what we do. Thus, it’s not surprising that investment into digital procurement tools has been behind tech investments into other departments over the past 20 years. Procurement tools will plug those leaky holes in your spend with external suppliers.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Not many people outside of our profession understand what is Procurement and what we do. Thus, it’s not surprising that investment into digital procurement tools has been behind tech investments into other departments over the past 20 years. Procurement tools will plug those leaky holes in your spend with external suppliers.

supply chain software solutions 52

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

Procurify

JULY 4, 2022

Purchasing and procurement problems can be costly. An employee might make a duplicate order, inventory might arrive damaged, and suppliers might miss deadlines. When this happens, a lot of time and effort is lost trying to recover the money. . How to fix this procurement challenge. How to fix this procurement challenge.

Real-time Visibility 59

Real-time Visibility Procurement Purchasing Budget 59

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. What Procurement Challenges Do Construction Companies Face?

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Procurement Software

JULY 9, 2024

Direct procurement involves acquiring raw materials and components essential for your production process. Indirect procurement, on the other hand, generally deals with non-complex goods and services that support your operations. However, direct procurement, by its very nature, is more complex.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40