Spend Matters

DECEMBER 11, 2023

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from: Donna Wilczek, EVP Strategy and Innovation at Coupa , spend management suite provider and one of Spend Matters 50 Procurement Providers to Know.

Procurement solutions 102

Procurement solutions supply chain budgeting Procurement Supply Chain Optimization 102

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Here we’ll discuss various potential supply chain disruptions and what you can do to mitigate the risks to keep your business up and running throughout whatever circumstances are thrown your way.

Risk 52

Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

Una

JANUARY 4, 2023

In addition to negotiating discounts, group purchasing organizations may also provide other services such as supply chain management , procurement consulting, and logistics support. Overall, GPOs can help businesses streamline their purchasing process, reduce costs, and access a wider range of products and services.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

Procurement Insights

DECEMBER 6, 2023

” Here is the first post on Zycus – “ Doing What Comes Naturally: Accessing Zycus Spend Management Innovation Through A Simplified and Practical User Interface (Zycus Inc. Ensuring they are best placed to reduce costs, manage risk and increase their efficiency, helping to maximise margins.”

Raw materials 72

Raw materials Price supply chain budgeting Supply Chain Efficiency 72

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

Planergy

JANUARY 19, 2023

This would mean that 70% of your spending is going toward one type of product—in this case, stationery—and 30% is being spent on other types of office supplies. Pareto Spend Analysis is an incredibly useful tool for optimizing supply chain management processes, reducing costs, and improving overall efficiency.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

Case Studies in Action Walmart’s Transformation : Walmart leveraged its procurement strategy for cost savings and supply chain efficiency. Johnson & Johnson’s Innovation Focus : Johnson & Johnson used technology and strong contract management in their procurement strategy.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

Planergy

AUGUST 16, 2022

Supplier development is an important part of a company’s overall supply chain management strategy and is essential for ensuring that the right suppliers are selected to deliver quality products and services. The goal of these teams is to work with suppliers to identify ways to reduce costs and improve quality.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Planergy

NOVEMBER 29, 2022

It’s never a good idea to work with a single partner on anything mission-critical, as it can damage your organization if an issue arises with its supply chain. It can work for basic things like office supplies you don’t often need. Fewer suppliers can make it much easier for companies to manage their supply chains effectively.

Supplier consolidation 52

Supplier consolidation Suppliers Risk supply chain budgeting 52

Planergy

JULY 21, 2023

You set the budget and deliverables, then work with various freelancers with a test assignment. You don’t pay for the service if no content needs to be created, so there’s no need to keep a retainer or spend money on unused services, allowing for better control over spend management.

Management 52

Management Procurement supply chain budgeting Budget 52

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. It can help organisations reduce costs, optimise supplier relationships and increase compliance. It has become an essential tool for companies in today’s digital world to save time and reduce costs.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

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.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Procurement Software

JULY 9, 2024

Procurement tools for direct spend need to be tailored to work with your supply chain, quality and production teams. Indirect procurement software, however, centres around purchase order management , expense tracking, and vendor management for non-production items.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Planergy

JANUARY 12, 2023

As a procurement professional, you know how important it is to have a reliable and cost-effective supply chain. One way to ensure that your supply chain runs smoothly is by utilizing supplier tiering. Supplier tiering also helps reduce costs by eliminating inefficient or unnecessary processes in the supply chain.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Pipefy

JANUARY 5, 2023

But effective procurement goes beyond these tasks to include activities such planning, strategy, and supply chain management. Nowhere is this more true than in the challenges to the supply chain. Simplifies spend management. Fraxion is used to manage processes including: Purchase requisition to PO.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Empowering CPO

JUNE 20, 2023

But don’t be fooled by their size – when accumulated, these costs can form a substantial part of a company’s expenditure, and a large number of suppliers can add complexity and risk to the supply chain. While tail spend is often neglected, it holds a gold mine of untapped savings opportunities.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Planergy

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. Reduced costs: By issuing an RFQ, you’re letting suppliers know upfront what you’re looking for. Download Free Copy. Written by.

Buyers 52

Buyers Supply Chain Efficiency Price Suppliers 52

Empowering CPO

JUNE 25, 2023

Introduction In the world of procurement and supply chain management, the quest for efficiency and cost savings has led organizations to embrace several strategies. Among these, Spend Analysis stands as a powerful and effective approach. Visit our website at EmpoweringCPO to learn more about our services.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Contract Purchase orders 52

Empowering CPO

JUNE 22, 2023

It not only helps businesses to reduce costs and increase efficiency, but also strengthens supplier relationships, and enhances value creation. The answer lies in the powerful tool of spend analysis. EmpoweringCPO stands ready to assist businesses in leveraging spend analysis for strategic sourcing and beyond.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Planergy

AUGUST 21, 2023

Improve Visibility of Committed Spend Committed spend is part of the spend management process, which is used to manage company funds using measures such as procurement, outsourcing, and supply chain management to better meet established company spending goals.

Real-time Visibility 52

Real-time Visibility Purchasing supply chain software solutions Spend management 52

Planergy

OCTOBER 6, 2022

Supply chain management. Lifecycle management. Banks can reduce costs and improve efficiency by automating: Customer service. Insurance companies can reduce costs while improving the customer experience with real-time automation of things such as: Claims processing and administration.

Import 52

Import supply chain budgeting supply chain software solutions Supply Chain Efficiency 52

Procurement Insights

JANUARY 8, 2025

Considering the above, the following high-level comparison between ConvergentIS and SAP Ariba demonstrates how the agent-based model will be the dominant force that drives procurement and supply chain automation in 2025 and beyond. Key Products: Ariba Network, Spend Analysis, Strategic Sourcing Suite, and Contract Management.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Networking Supply Chain Optimization 52