SCMDOJO

MARCH 24, 2025

Suppliers whose prices fluctuate significantly over time may not be suitable for long-term partnerships, whereas those who consistently provide products at estimated costs can be considered for future contracts. To plan accurately one has to rely on real-time data analysis, through software solutions or excel based templates.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. This intelligence empowers decision-makers to proactively adapt their sourcing strategies, ensuring resilience and agility in the face of market fluctuations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

ivalua

FEBRUARY 25, 2021

ERP solutions often lack robust capabilities around managing all of the data attributes for products and vendors, and cannot update them in real time or in an automated fashion. Best-in-class solutions do a better job of capturing usage data for healthcare products at the time of patient use. Demand planning capabilities.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Let's Talk Supply Chain

MARCH 2, 2025

By harnessing the power of data analytics and strategic insights, organizations can proactively mitigate the impact of tariffs on their supply chains while enhancing‍ operational efficiency and cost-effectiveness. Together, we can steer through the tariff turmoil and emerge stronger on the‍ other side.

Supplier relationship management 52

Supplier relationship management Data Suppliers Supply chain resilience 52

Una

AUGUST 17, 2022

The figure’s head represents the top 1% of strategic suppliers to your organization. This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? Spend analysis is the catalyst for strategic sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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

World of Procurement blog

MAY 8, 2024

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Common procurement metrics include spend under management, savings targets, supplier lead time reduction, procurement process efficiency gains, sustainability metrics and more.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

OCTOBER 24, 2024

In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible. Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market. Performance and stability can waver.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

AUGUST 24, 2021

Leveraging relevant technology in the supply chain from the moment your suppliers bring in raw materials, during storage of the materials and manufactured products in the warehouse, and distribution of products to the final consumer can increase efficiency, boost production, reduce time wastage and improve business revenues. Blockchain.

Supply Chain Optimization 119

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 119

Planergy

DECEMBER 25, 2023

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. Thanks to AI and other tools, you can now make better decisions with real-time data. Let’s delve into the details.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

ivalua

MARCH 15, 2016

He talked about how that experience with power was a real high at times. Without good visibility and frankly, transparency, any collaboration is hard. Today, companies that thrive on launching new products often experience a painfully laborious process with no real-time visibility which increases risk.

Real-time Visibility 100

Real-time Visibility Supply Chain Efficiency Suppliers Collaboration 100

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. 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

FEBRUARY 20, 2025

SAP Ariba : A leading procurement software company, SAP Ariba offers a comprehensive suite of solutions for supplier management, strategic sourcing, procurement, and financial supply chain management. Tell me how Agentic AI would have known to ask, What time of day do orders come in? 30 (Photo by Justin Sullivan/Getty Images)

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Real-time Visibility Supply Chain Efficiency 52

Procurement Insights

MARCH 17, 2025

Anyone who has followed the Procurement Insights blog for any length of time knows I love to ask questions and am voracious about gaining new insights. Functionality and Technology ProPurchaser : Offers a SaaS platform delivering real-time data on commodities, production costs, and market dynamics. Key Comparison Points 1.

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

Una

AUGUST 30, 2022

Strategic sourcing experts are using machine learning to categorize and manage spend, AI to better predict demand, and act upon alerts such as contract expiry/renewals. How to Improve Strategic Supplier Relationship Management. How to Optimize Your Spend with a Strategic Sourcing Process. Better customer service.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

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. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Leaders

JUNE 1, 2022

Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. This team has 200 members, although some of these are focused specifically on systems and data, and source-to-pay modernisation programme and transactional purchasing.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Spend Matters

JUNE 20, 2023

As the risks that trigger supply disruptions, regulatory non-compliance and missed corporate objectives continue to gain visibility, an ‘eyes wide open’ attitude towards supplier risk assessment and mitigation strategies has become imperative to improve operational resilience.

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

Planergy

MARCH 24, 2025

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. It automates invoice approvals, reconciliations, and payment processes to reduce administrative overhead, improve accuracy, and provide real-time financial insights.

Sustainability 52

Sustainability Real-time Visibility Spend management Innovation 52

Jaggaer

JULY 7, 2020

Over time, this engagement has expanded globally and is still focused on one of the most testing categories of sourcing and contract management within procurement: transport and logistics. In 2019 the company decided to embark on a project to implement global dashboards for sourcing and contracting events. The Challenge.

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

Procurement Express

DECEMBER 31, 2024

In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc. Understanding these categories is the first step toward better visibility, smarter procurement processes, and tighter budget control. What’s Behind This Disconnect?

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Supply Chain Game Changer

SEPTEMBER 28, 2022

Make Your Website Visible and Trustworthy! Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Still, as time passes, you might notice that your website enjoys fewer visits. Why Think about Redesign?

Real-time Visibility 85

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 85

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. Saving just 2.5% A data analyst on their own won’t be able to perform this.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. Saving just 2.5% A data analyst on their own won’t be able to perform this.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Planergy

SEPTEMBER 5, 2023

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. Using financial tools can help save time and resources while improving accuracy in the budgeting process.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Jaggaer

SEPTEMBER 22, 2020

Using real-time data and analytics will give you the insight you need you to save money and gain efficiency. It is used to visualize all of your data so you can make better sourcing and supplier decisions. It is used to visualize all of your data so you can make better sourcing and supplier decisions.

Real-time Visibility 52

Real-time Visibility Strategic sourcing Strategic sourcing Data 52

Procurement Software

MAY 16, 2023

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. Additionally, the platform provides real-time analytics and reports, allowing users to gain valuable insights into their procurement operations.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

World of Procurement blog

MAY 10, 2024

This supports strategic sourcing efforts. With the ability to handle huge volumes of data, operate 24/7, and continuously learn from experience, AI can bring new levels of speed, efficiency, and insight to procurement teams looking to transform strategic sourcing, supplier management, and end-to-end procurement processes.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Una

JULY 25, 2023

The first three KPIs we suggest every procurement team should monitor are: Defect rates Lead time Contract compliance Can you guess what the other four KPIs will be? Every free resource is dedicated to empowering procurement to save more money, time, and effort. Read the article to find out.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Spend analysis enables informed decision-making and strategic sourcing. Cost Reduction : Enhanced visibility into spending and supplier performance helps negotiate better deals and identify cost-saving opportunities.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Spend analysis enables informed decision-making and strategic sourcing. Cost Reduction : Enhanced visibility into spending and supplier performance helps negotiate better deals and identify cost-saving opportunities.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

Planergy

MARCH 10, 2025

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. Regular vulnerability assessments can identify weak points in a schools IT infrastructure, allowing for timely interventions.

Data 52

Data Management Budget Real-time Visibility 52

Strategic Sourceror

NOVEMBER 2, 2022

Regularly updating that page and making it easily locatable on your website can help you reallocate resources so you spend more time on the core needs of your business, which increases productivity and efficiency. Enterprise resource planning software gives you that visibility. Brought to you by the StrategicSourceror.

supply chain software solutions 57

supply chain software solutions Real-time Visibility Supply Chain Efficiency Strategic sourcing 57