Planergy

FEBRUARY 24, 2025

How AP can improve relationships with your key suppliers. While less visible, these procurement areas are crucial for maintaining a functional educational environment. It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. Book a Live Demo 2.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

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

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

ivalua

APRIL 27, 2023

The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? Gaps and dysfunction in the supply chains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? Gaps and dysfunction in the supply chains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Spend Matters

MARCH 25, 2024

Having led multiple projects to select and deploy technologies and worked both as a practitioner and a consultant, he knows the amount of time and effort procurement puts into finding a practical solution to help them run more efficiently, and that spurred his move to form iKinetiq. “A

Procurement contracts 124

Procurement contracts Contract Procurement Negotiation 124

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. The best starting point for putting together a simple spend analysis is usually a mixture between: POs issued to external suppliers. Supplier ESG analytics. It’s shockingly few.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. The best starting point for putting together a simple spend analysis is usually a mixture between: POs issued to external suppliers. Supplier ESG analytics. It’s shockingly few.

supply chain software solutions 52

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

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Jaggaer

DECEMBER 13, 2024

Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? As organizations scale and increase in size, so too does the organization’s number of suppliers, which means there are more risks to be managed.

Risk management 52

Risk management Risk Suppliers Management 52

Una

SEPTEMBER 22, 2022

Factors to consider when purchasing IT range from supplier reputation and cost to support, reliability, fit-for purpose, and, most importantly, data. It’s impossible to have the most current or newest application implemented at all times. Nurture Vendor Relationships. Compile Supplier List. Focus on data.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Zycus Cognitive Procurement

SEPTEMBER 8, 2021

Once while reviewing our all time favourite pizza making process, I chalked down the ingredients like flour, cheese, veggies and pepperoni, but the most important ingredient of all was patience in the process! Speedy Invoice Reconciliation : Accounts Payable automation also leads to considerable reduction of cycle time.

Real-time Visibility 40

Real-time Visibility Vendor relationships Suppliers Data 40

TYA Suite

DECEMBER 16, 2022

This blog will help you understand the importance of the vendor management lifecycle including tips and tricks for effective vendor management. refers to the strategic approach that enables organizations to keep valuable vendor relationships under their control and hence improve resilience and drive success.

Vendor management 52

Vendor management Management Real-time Visibility supply chain software solutions 52

Pipefy

JUNE 14, 2023

Key takeaways Spend data is the information related to a company’s spending, specifically goods and services purchased from external suppliers or vendors. Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies.

e2e 52

e2e Real-time Visibility Contract Procurement team 52

Finale Inventory

SEPTEMBER 24, 2024

It helps prevent stockouts by ensuring timely replenishment of inventory. This streamlined approach saves time and optimizes the overall procurement process, leading to cost savings and improved vendor relationships. Finale Inventory makes it easy to store and manage vendor information for future use.

Purchase orders 52

Purchase orders Purchasing Inventory Quantity 52

Pipefy

MAY 9, 2023

The success of these activities directly affects vendor relationships, customer satisfaction, and revenue. Effective modern procurement requires end-to-end process tracking to both view and control the costs, sourcing, quality, and delivery times associated with acquired goods and services.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

TYA Suite

AUGUST 16, 2024

Accounts payable automation software offers a streamlined, efficient solution for handling all aspects of the accounts payable process, reducing manual effort, minimizing errors, and ensuring timely payments. Time is saved and errors are decreased by doing away with manual data entry. requires timely and precise payments.

Real-time Visibility 40

Real-time Visibility Vendor relationships Data Purchase orders 40

Arkestro

OCTOBER 29, 2023

Fortunately for us mere mortals, humans bring invaluable contributions to the procurement process that aren’t likely going to be replaced by machines anytime soon: Strategy: Human judgment and expertise are invaluable assets when it comes to things like supplier relationship management, negotiations, and more.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing. Bureau of Labor Statistics.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Planergy

JANUARY 19, 2024

How to gain visibility and control of your indirect spend. Taking your time throughout the process ensures you get the best possible match. Vendor analysis is crucial for risk management. Vendor analysis evaluates and compares various suppliers based on their pricing, quality, reputation, reliability, and service delivery.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

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.

Procurement 40

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

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Procurement Software

JUNE 20, 2023

We plan to refresh the article a couple of times a year, as solutions are constantly adding features and new solutions come onto the market. You can use Contract Insight to manage everything from contracts (drafting, authorising, signing, and tracking), to compliance, workflows, vendor management, and risk governance.

Contract management 52

Contract management Contract e2e Management 52

World of Procurement blog

MAY 8, 2024

It helps reduce financial losses from poor contracts, improve vendor relationships through structured coordination, increase operational efficiency and cost savings, minimize revenue leakage, and ensure proper compliance. Lease agreements - Contracts for renting equipment, real estate, vehicles, etc.

Contract management 52

Contract management Contract Management e2e 52

Finale Inventory

AUGUST 16, 2024

Additionally, having a well-maintained inventory system allows for better tracking of hazardous materials, ensuring compliance with safety regulations and minimizing potential hazards. Efficient inventory management can lead to improved vendor relationships.

Inventory 52

Inventory Management Real-time Visibility Data 52

Pipefy

OCTOBER 24, 2023

This gives teams more visibility and control by providing a central hub for all purchases, payments, and other information. Better visibility improves alignment between buyers, legal teams, and accounts payable. Portals also give vendors the ability to self-serve by accessing forms when they need them.

Real-time Visibility 52

Real-time Visibility e2e Procurement Procurement team 52

TYA Suite

SEPTEMBER 5, 2024

Proper management of invoices ensures that businesses pay their bills on time, avoid late fees, and maintain positive relationships with suppliers and vendors. It also helps manage cash flow, as timely payments and accurate record-keeping prevent disruptions to the financial stability of the organization.

Management 40

Management Real-time Visibility Vendor relationships Data 40

Planergy

MARCH 13, 2025

How AP can improve relationships with your key suppliers. Key benefits include timely invoice processing, fraud prevention, error reduction, and enhanced reporting. Potential challenges include loss of control, vendor communication issues, and data security risks.

Real-time Visibility 52

Real-time Visibility Data Vendor relationships Purchasing 52