Spend Matters

NOVEMBER 7, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. Core strengths Authentic, needs-driven foundation – “Built from the ground up to address real-world challenges, Halo Ai is designed to meet the complex needs of modern third-party risk management.

Supply Chain Efficiency 94

Supply Chain Efficiency Risk management Real-time Visibility Ethics 94

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 116

Procurement contracts Contract Procurement Negotiation 116

Procurement Software

MARCH 11, 2022

Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. Indirect materials (typically one-time or infrequent spend, such as office supplies, furniture). Capital expenditure (usually large sums of money on machinery, construction, real estate etc.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. Indirect materials (typically one-time or infrequent spend, such as office supplies, furniture). Capital expenditure (usually large sums of money on machinery, construction, real estate etc.

supply chain software solutions 52

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

Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. By standardizing procurement activities, organizations gain visibility over spending, strengthen supplier relationships, and optimize cash flow management.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

TYA Suite

OCTOBER 27, 2024

Strong vendor relationships are essential for operational success in the fast-paced corporate world of today. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

IBM Supply Chain Blog

FEBRUARY 13, 2024

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. The cost of human error associated with manual processes can be steep, not to mention the toll it can take on trust within customer and vendor relationships.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Una

SEPTEMBER 22, 2022

It’s impossible to have the most current or newest application implemented at all times. Lack of visibility into spend and contract data also contribute to the difficulty of managing IT spend. Collect and analyze spend information to make better IT decisions that are supported by real-time data and meet your organization's needs.

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

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

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

AUGUST 18, 2023

Process discovery includes the identification and definition of activities and tasks comprising a process; its purpose is to make all stages in a process visible in order to ensure clear responsibility for each of those phases. These inefficiencies lose hours and money that can add up to huge amounts of waste over time.

Import 52

Import Real-time Visibility e2e Data 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. The system will automatically calculate the total cost based on the quantity and unit price.

Purchase orders 52

Purchase orders Purchasing Inventory Quantity 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

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

Pipefy

JULY 24, 2024

The common consequences are excessive errors and rework, decreasing process lead time, productivity, and employee engagement. This translates into time savings and allows employees to focus on high-priority activities. According to a Metrigy Study , 67% of users who embraced CPaaS had a revenue increase of up to 28.5%.

Strategy 52

Strategy Real-time Visibility e2e Purchase orders 52

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

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

JUNE 14, 2023

Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. Spend analytics creates the visibility procurement teams need to complete a spend analysis. ignoring the importance of data quality, 2. focusing solely on cost reduction, 3.

Real-time Visibility 52

Real-time Visibility e2e Contract Procurement team 52

Arkestro

OCTOBER 29, 2023

Supplier relationship management: Unarguably, humans are better at dealing with other humans than AI is. Interpersonal skills and trust building are key aspects of a supplier-vendor relationship that AI can’t yet replicate.

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. You can unsubscribe at any time. The role is essential in a range of industries, including manufacturing, retail, healthcare, construction, and more.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 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

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. The result?

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. The result?

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

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

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. The criteria used in vendor analysis can vary depending on the business’s needs. What is a Vendor Analysis Report?

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

HICX

SEPTEMBER 11, 2023

Assessing the supplier from a wider financial perspective, such as mergers, legal action taken against it, negative ESG, or regulatory penalties, can provide a wealth of insight into the supplier and give a far greater understanding of the real risks posed.

Risk management 52

Risk management Risk Suppliers Management 52