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Real-time Visibility Strategic sourcing supply chain budgeting 
Jaggaer
FEBRUARY 5, 2025
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. What is Source-to-Pay?
ivalua
FEBRUARY 25, 2021
ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. The verdict?
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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
SCMDOJO
MARCH 24, 2025
A favorable variance indicates that the company is spending less than planned, whereas a positive outcome means the company is spending more than the planned budget. Every business aims to increase its profit margin, and one effective way to achieve this is by cutting costs. per unit, reducing the actual cost to $90,000.
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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.
IBM Supply Chain Blog
FEBRUARY 13, 2024
In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.
Procurement Software
MARCH 16, 2025
While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins.
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Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
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.
Jaggaer
OCTOBER 24, 2024
Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions. In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible.
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. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.
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. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?
130 
World of Procurement blog
MAY 8, 2024
It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.
SCMDOJO
AUGUST 21, 2023
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.
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.
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.
Supply Chain Game Changer
NOVEMBER 16, 2022
Subscribe to Supply Chain Game Changer. Along with cost savings, procurement managers are focusing on optimizing and automating processes. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Cost Saving.
Supply Chain Game Changer
NOVEMBER 10, 2018
Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address.
Empowering CPO
JUNE 30, 2023
Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. As the name suggests, Managed Procurement Services involves the strategic outsourcing of procurement processes to expert providers. But what exactly does it entail?
Una
JULY 25, 2023
This article explores the importance of monitoring supplier KPIs and why having them in place is key for reducing costs and improving your bottom line. 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?
World of Procurement blog
MAY 10, 2024
This supports strategic sourcing efforts. Predicting future spend : By analyzing historical spend data, AI algorithms can create spending forecasts, predict seasonal demand changes, and model the impact of external factors on budgets. This enables more accurate planning.
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%. This is a great tool to get started with if getting the budget for the necessary investment is proving to be a challenge. Saving just 2.5% So, is spend analytics software essential?
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%. This is a great tool to get started with if getting the budget for the necessary investment is proving to be a challenge. Saving just 2.5% So, is spend analytics software essential?
Empowering CPO
JUNE 20, 2023
Introduction In an era defined by data-driven decision-making, Spend Analysis has emerged as a game-changer, steering businesses towards more strategic, efficient, and cost-effective operations. When applied to Supply Chain Management, Spend Analysis serves as an invaluable tool.
Planergy
JANUARY 26, 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. They can include funding limitations, missed or late milestones, and cost overruns and may be linked to changes in the project scope.
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Procurement Software
JUNE 4, 2024
As supply chain technology improves for transportation, inventory management and warehousing, the procurement tools for manufacturing businesses now need to step up. This goes way beyond traditional source-to-pay and e-auction platforms. And stepping up, they indeed are.
Empowering CPO
MAY 5, 2023
It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.
Procurement Software
APRIL 23, 2024
Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.
Procurement Software
MARCH 5, 2024
Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game.
Planergy
MARCH 2, 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. Tail spend analysis helps companies identify areas of spend that are falling through the cracks and gain visibility into their overall spending.
Empowering CPO
JULY 16, 2023
Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. Risk Management – Global operations are inherently exposed to various risks, including supply chain disruptions, non-compliance penalties, currency fluctuations, and more.
Supply Chain Game Changer
FEBRUARY 5, 2020
Subscribe to Supply Chain Game Changer. There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. They will hire an inexperienced and inexpensive resource, within their budget to lead the Procurement Transformation. Subscribe Here! Email Address.
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Empowering CPO
JUNE 25, 2023
These systems streamlined the procurement process, improving efficiency and reducing costs. Globalization has made supply chains more complex and harder to manage. Furthermore, businesses are under constant pressure to reduce costs without compromising on quality or service.
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Procurement Software
JULY 9, 2024
Procurement tools for direct spend need to be tailored to work with your supply chain, quality and production teams. Integration with Supply Chain Direct procurement technology often requires seamless integration with the supply chain management (SCM) systems to optimise production schedules and meet market demands.
Empowering CPO
JULY 2, 2023
This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.
40 
Empowering CPO
JUNE 26, 2023
Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making.
Empowering CPO
JULY 17, 2023
Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.
40 
Empowering CPO
JULY 17, 2023
Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.
40 
Planergy
JANUARY 19, 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. Pareto Spend Analysis is an incredibly useful tool for optimizing supply chain management processes, reducing costs, and improving overall efficiency.
Empowering CPO
JUNE 26, 2023
From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.
Supply Chain Trend
DECEMBER 22, 2023
Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. I think it is time to update the IBP belief sytem to be more reflective of current times, technology & ways of working, and create a modern IBP vision.
Supply Chain Game Changer
DECEMBER 13, 2018
There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. They will hire an inexperienced and inexpensive resource, within their budget to lead the Procurement Transformation. It often feels like ground hog day to me (the movie not the actual day in February).
59 
Empowering CPO
JULY 16, 2023
Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. Risk Management – Global operations are inherently exposed to various risks, including supply chain disruptions, non-compliance penalties, currency fluctuations, and more.
Empowering CPO
JUNE 14, 2023
Introduction Welcome to the dynamic world of procurement, where businesses are constantly seeking innovative ways to manage their supply chains more efficiently and effectively. This move can range from outsourcing a single procurement task, like sourcing, to entrusting the entire procurement process to a third-party service provider.
52 
Procurement Software
JANUARY 23, 2024
At the same time, it also provides AI-powered management of contractual obligations and deliverables. It supports them in budgeting, requesting, and ordering articles and services for their business, while benefiting from better purchasing conditions. It simplifies contracts, making them easy to understand, manage and interact with.
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