Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. 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.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

SCMDOJO

MARCH 12, 2025

Introduction Negotiation is at the heart of supply chain management. Whether dealing with suppliers, logistics providers, or internal stakeholders, striking the right balance between assertiveness and flexibility is key. Long-Term Relationships: When preserving supplier relationships is a priority over short-term wins.

Negotiation 52

Negotiation Supply Chain Efficiency Supply chain Strategy 52

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Insights

JANUARY 3, 2025

It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

Procurement Insights

DECEMBER 20, 2024

The best option depends on your organization’s priorities, procurement maturity, and pain points. ZIP Strengths in Implementation and Payback: Quick Setup: Designed for fast deployment , especially in environments where procurement workflows are manual or fragmented. Here’s how they compare: 1.

supply chain budgeting 58

supply chain budgeting Procurement Raw materials Supplier negotiation 58

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. Let’s learn the role of cost efficiency vs cost effectiveness! What is Efficiency and Effectiveness? What is Cost Efficiency?

Supply Chain Efficiency 92

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 92

SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). Below are some key areas where CPI can improve supply chain efficiency: 1. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 98

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

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Procurement Insights

DECEMBER 6, 2024

(NOTE: The “ Green Giant ” can story and The Four Cornerstones for Leveraging Cost Transparency model resonated most with me. ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 52

Procurement Insights

MARCH 16, 2025

Despite my 40-plus years in high-tech and procurement, I am always curious, so I value the insights I gain from the people in my extended community. How does a procurement professional use or interact with Model Context Protocol, and what improved outcomes does it achieve?

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Una

MARCH 30, 2023

Pain Points in Procurement Series Focusing Beyond Cost in Procurement to Drive Value Practitioners who are focusing beyond cost in procurement are shifting stakeholder mindsets about the value the function can bring to the organization. Cost is, and should always be, a foundational part of procurement’s raison d’être.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Procurement Templates

MARCH 3, 2024

Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

DECEMBER 14, 2023

Limited Scope: Offers a more focused and individualized approach to the procurement process. Diverse Expertise: Leverages collective knowledge and resources for a more comprehensive and streamlined procurement process. This crucial step forms the foundation for a tailored and efficient sourcing process.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We should also consider the environmental and social impact of our procurement decisions.

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Una

APRIL 25, 2023

Pain Points in Procurement Series Why Professionals are Always Time-Poor in Procurement Stop struggling with being time-poor in procurement and pave the way for bigger projects, more strategic thinking, and better innovation. By Hugo Britt | April 25, 2023 Search Welcome to Una’s Pain Points in Procurement series.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Una

JUNE 1, 2023

6 Reasons to Choose a Career in Procurement Six reasons why a career in procurement is a great professional choice and how it can provide you with a fulfilling and rewarding future. Look no further than procurement! Procurement professionals play a vital role in shaping the success of organizations.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Spend Matters

MARCH 27, 2024

In fact, more than 80% of CPOs, it states, indicated that digital transformation is a top priority, with a specific focus on GenAI, because “… AI tools can help procurement professionals identify trends and patterns that are otherwise impossible to tease out, thereby enabling more informed decisions from supplier selection to contract negotiation.”

Procurement 112

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

ivalua

MARCH 9, 2023

It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Una

NOVEMBER 1, 2022

For decades, procurement professionals saw as much daylight as the basement-dwelling character Milton Waddams in Office Space. These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. By Eric Edwards | November 1, 2022. Strategic sourcing is similar.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Procurement Templates

APRIL 15, 2024

They would ask various procurement managers for advice but often got a different response depending on who they ask. For context the stakeholder is asking for procurement advice set within the rules for public sector buying and a UK regulatory framework.

Influencing 130

Influencing Negotiation Risk Innovation 130

Jaggaer

JUNE 28, 2024

These investments, however, aren’t going far enough: Over 40% of procurement teams state manual and inefficient processes hold them back from fully addressing the C-suite’s critical business priorities. Procurement and supply chain professionals are emerging as enterprise linchpins. Generative AI offers workload relief.

supply chain budgeting 52

supply chain budgeting Supply chain management Supply chain management Agile and Lean Supply Chain 52

IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

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. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Lots of European procurement tech startups are still in early or growth phase. Lots of European procurement tech startups are still in early or growth phase. Procuretech in Europe is buzzing right now.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

NLPA (Next Level Purchasing Association)

MARCH 6, 2025

A 2020 report by The Gap Partnership revealed that nearly half of senior procurement professionals admit to lacking confidence in their face-to-face negotiation skills. What Youll Gain: Secure supplier agreements that maximize cost savingswhile increasing supplier relationships.

Negotiation 52

Negotiation Chief Procurement Officer Procurement Supply Chain Efficiency 52

Una

APRIL 13, 2023

Pain Points in Procurement Series Moving Supplier Relationships from Transactional to Strategic Tips for shifting your supplier relationships from transactional to strategic in an effort produce more cost-saving ideas and value. By Hugo Britt | April 13, 2023 Search Welcome to Una’s Pain Points in Procurement series.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

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

Jaggaer

DECEMBER 13, 2024

Order-to-Cash vs. Procure -to-Pay: A Comprehensive Overview While Procure-to-Pay (P2P) is widely recognized as a key process in managing organizational spend, its counterpart on the revenue side, Order-to-Cash (O2C), often raises the question s : whats the difference and how does it fit into the bigger picture?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

Spend Matters

DECEMBER 28, 2023

Procurement is entering an exciting new era of embedded intelligence. Technologies such as generative artificial intelligence (AI) and machine learning make possible what was only dreamt of in years past — intelligent automation, predictive procurement and exponential data processing. How do these emerging technologies work?

Procurement 64

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 64