Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. You can unsubscribe at any time. Subscribe to news from Arkestro.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Empowering CPO

JULY 5, 2023

Integrating technology into procurement processes is not just about keeping up with the times; it’s about realizing the potential for enhanced efficiency, accuracy, transparency, and strategic decision-making. In an age where business operations are becoming increasingly digitized, procurement is no exception.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Purchasing measures transactional volume and costs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

APRIL 18, 2023

These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding. This back and forth is very time-consuming. This not only saves time and human resources.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. On-premise options have high upfront and maintenance costs compared to cloud solutions that use pay-as-you-go subscriptions without any investment.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

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.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

TYA Suite

SEPTEMBER 15, 2024

ERP systems are designed to centralize and automate various business processes, providing a unified platform for managing resources, finances, operations, and supply chains. Supplier relationships are critical to successful procurement. Once approved, are generated and sent to suppliers.

Procurement 40

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 40

World of Procurement blog

MAY 23, 2024

To leverage procurement data and insights by consolidating spend across fewer suppliers. This enables data-driven supplier management and performance optimisation. To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers. Reliable, on-time delivery is essential.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Empowering CPO

JUNE 25, 2023

Whether it’s raw materials for manufacturing, software for operations, or services for customer support, procurement is the bridge that connects businesses to the resources they need to function and grow. Globalization has made supply chains more complex and harder to manage. However, procurement goes beyond mere buying.

Procurement 52

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

Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization. Risk Mitigation and Compliance: Spend analysis provides insights into potential risks associated with suppliers, contracts, and regulatory compliance.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

TYA Suite

NOVEMBER 15, 2024

Having a solid risk management plan allows companies to anticipate problems before they escalate, ensuring that supply chains remain efficient and reliable. By monitoring suppliers regularly, businesses can detect issues early and respond proactively. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

Empowering CPO

JULY 2, 2023

This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships. In essence, it’s a critical business function that ensures the right goods and services are available at the right time, in the right quantities, at the right price.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40