Procurement Tactics

JUNE 28, 2023

This allows for the identification and implementation of measures to mitigate any delays or obstacles in the supply chain by organizations. It provides an opportunity for organizations to prove that they comply with sustainability and ethical sourcing standards.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. It streamlines the procure-to-pay and source-to-contract processes.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

ivalua

JUNE 10, 2020

The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. Today’s supply chain managers deal with higher financial risks than ever before.

Risk management 147

Risk management Risk Suppliers Management 147

Planergy

FEBRUARY 24, 2025

It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. Aggregated Spending Analysis: Build comprehensive spending reports that show total institutional expenditure, potential consolidation opportunities, vendor performance trends, and budget optimization strategies.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. Along with cost savings, procurement managers are focusing on optimizing and automating processes. Improved Vendor Relationships. Email Address.

Supply Chain Efficiency 19

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

Empowering CPO

JULY 17, 2023

By taking on the complexities of procurement, these services allow businesses to focus on their core competencies, while reaping the benefits of optimized supply chains, cost savings, and improved vendor relationships. Enter EmpoweringCPO. Another major challenge is cost inefficiencies.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Una

FEBRUARY 6, 2025

Realizing the job is too much for one person, you decide to hire help from several different sources. This is similar to what fourth-party logistics (4PL) does for your business in the realm of supply chain management. 4PL , on the other hand, takes a broader view, integrating all aspects of your supply chain.

Logistics 45

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 45

Finale Inventory

JULY 29, 2024

A dealer acts as an intermediary within the supply chain, connecting manufacturers or distributors with end customers. The Role of Distributors in Ecommerce Distributors are essential in the ecommerce supply chain. Defining the Terms: Dealer and Distributor What is a Dealer?

Inventory 52

Inventory Supply Chain Efficiency Vendor relationships Supply Chain Optimization 52

Jaggaer

DECEMBER 13, 2024

By standardizing procurement activities, organizations gain visibility over spending, strengthen supplier relationships, and optimize cash flow management. By managing the transaction flow and payment process, P2P strengthens vendor relationships and improves cash flow, cornerstones of business continuity.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

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. But what does a procurement buyer do, exactly?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? He had been with this company for decades and built not only the sales network, production, but also worked in systemizing supply chain and sourcing (in the hundreds of millions of dollars). What is happening in the marketplace?

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Empowering CPO

JUNE 20, 2023

As businesses increasingly rely on a diverse array of suppliers for their operations, the need for a well-structured vendor management system becomes all the more critical. It is through effective vendor management that businesses can ensure the reliability of their supply chain, optimize their costs, mitigate risks, and unlock innovation.

Vendor management 40

Vendor management Vendor relationships Management Supply Chain Efficiency 40

Arkestro

OCTOBER 29, 2023

Resources / Blog / 5 Chilling Challenges Facing Procurement Today 5 Chilling Challenges Facing Procurement Today From uncovering hidden supply chain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full. More often than not, the raw data can be inaccurate or misleading.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Pipefy

JANUARY 4, 2023

Escalating supply-chain volatility and inflation put pressure on procurement teams to “do more with less.” At the same time, teams are expected to source and pay for these products and services with efficiency, speed and precision. For example, workflows such as sourcing , vendor onboarding, RFP, and P2P.

Procurement 52

Procurement Procurement team Purchase orders e2e 52

Jaggaer

DECEMBER 13, 2024

Automating both , and achieving frictionless integration with ERP systems, contributes to optimized operational efficiency. Historically, the buyer-vendor relationship was seen as adversarial. But in a healthy buyer-vendor relationship, both parties are winners. What is Order-to-Cash?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

Finale Inventory

SEPTEMBER 24, 2024

The Role of Purchase Orders in Inventory Management Purchase orders serve as a formal request for goods from a vendor. They play a vital role in maintaining accurate inventory levels and establishing a solid foundation for supply chain management. Finale Inventory provides the flexibility to handle such scenarios seamlessly.

Purchase orders 52

Purchase orders Purchasing Inventory Quantity 52

Empowering CPO

JULY 17, 2023

Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye toward sustainability and social responsibility. Without proper oversight and management, procurement can easily become a source of unnecessary expenditure and inefficiency.

Procurement 40

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

Empowering CPO

JULY 17, 2023

Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye towards sustainability and social responsibility. Without proper oversight and management, procurement can easily become a source of unnecessary expenditure and inefficiency.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Pipefy

JANUARY 5, 2023

Digital procurement is the use of technology to optimize and automate procurement processes and workflows. This happens when different teams, departments, locations, or employees use their own unique variations of a process such as purchasing or sourcing. Nowhere is this more true than in the challenges to the supply chain.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Planergy

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we’ll explore vendor analysis, its underlying processes and types, and best practices when implementing this critical tool in your organization. What is Vendor Analysis?

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52