Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

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

Spend Matters

MARCH 25, 2025

Suppliers and external partners contribute another layer of complexity, as they rely on procurement systems for seamless onboarding, data accuracy and operational efficiency. IT departments prioritize system integration, security and usability. Legal teams emphasize regulatory compliance, contract enforcement and risk mitigation.

Stakeholder engagement 70

Stakeholder engagement Management Procurement Influencing 70

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. It allows businesses to track and improve their procurement activities and have a transparent outlook of their procurement process. The key elements are typically: 1.

Supply Chain Efficiency 178

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

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. Let’s learn the role of cost efficiency vs cost effectiveness! What is Efficiency and Effectiveness? What is Cost Efficiency?

Supply Chain Efficiency 92

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 92

SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). Below are some key areas where CPI can improve supply chain efficiency: 1. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

Procurement Insights

DECEMBER 20, 2024

Immediate ROI Through Workflow Efficiency: Automates purchase requests, approvals, and vendor onboarding, significantly reducing cycle times and errors. Ideal for Process Automation: Delivers payback by freeing up resources and improving operational efficiency. Fast ROI Through Cost Savings: Tracks supplier input costs (e.g.,

supply chain budgeting 58

supply chain budgeting Procurement Raw materials Supplier negotiation 58

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

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

Procurement Tactics

MAY 30, 2023

Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. They also analyze market trends and make recommendations to senior management on how to optimize procurement processes to reduce costs and increase efficiency. Why Are They Important?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Una

APRIL 13, 2023

Pain Points in Procurement Series Moving Supplier Relationships from Transactional to Strategic Tips for shifting your supplier relationships from transactional to strategic in an effort produce more cost-saving ideas and value. Transactional versus strategic supplier relationships See the difference? Do you enjoy steak?

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Insights

DECEMBER 6, 2024

NOTE: The “ Green Giant ” can story and The Four Cornerstones for Leveraging Cost Transparency model resonated most with me. ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations.

Supply Chain Efficiency 52

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

Procurement Templates

MARCH 3, 2024

This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. This involves assessing suppliers’ capabilities, pricing, quality standards, and reputation.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

SCMDOJO

DECEMBER 14, 2023

These agencies are experts at finding good suppliers, talking about fair deals, and making sure everything gets to where it needs to be. Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. It makes the job of getting goods and services easier.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Una

MARCH 30, 2023

The truth is, sourcing heroes can do more to shift stakeholder and supplier mindsets about the value the profession can bring to the organization. Additional resource: How to Prioritize SRM Activities Risk management Procurement can also focus on identifying and mitigating supply chain risks such as disruptions, delays, and quality issues.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

World of Procurement blog

MAY 23, 2024

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. Having strategic partnerships allows suppliers to lower prices. Look for suppliers with the best pricing structures.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Una

NOVEMBER 1, 2022

These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. Strategic sourcing is a holistic approach to developing supply channels that consider all activities within a procurement cycle to secure the best goods and services for the business.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Jaggaer

JUNE 28, 2024

Procurement and supply chain professionals are emerging as enterprise linchpins. Our research shows that despite the strategic role procurement and supply chain teams play, these professionals remain underequipped, which presents a huge risk to organizations,” said Andy Hovancik, Chief Executive Officer at JAGGAER.

supply chain budgeting 52

supply chain budgeting Supply chain management Supply chain management Agile and Lean Supply Chain 52

Procurement Templates

APRIL 15, 2024

In procurement, they might be more inclined to adopt innovative solutions or new suppliers that offer unique products or services. This might mean trying out new vendors or negotiating non-traditional contracts to achieve better results. Risk-taking: High openness can also lead to a greater willingness to take calculated risks.

Influencing 130

Influencing Negotiation Risk Innovation 130

Una

SEPTEMBER 26, 2023

How to Repair Damaged Supplier Relationships Learn how to repair damaged supplier relationships by using communication, trust-building, and negotiation tactics to get back on track. Surprisingly, the breakdown of a supplier relationship can sometimes resemble a spat between the main characters of the 1990s hit series.

Suppliers 52

Suppliers Supply Chain Efficiency Negotiation Supply chain 52

Una

APRIL 25, 2023

Here are some of the factors that cause time constraints in procurement: Increased complexity The globalization of markets and the expansion of the supply chain bring cost benefits, but have also led to an increase in the volume and complexity of procurement activities.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing: Sourcing is the systematic process of identifying, evaluating, and selecting suppliers or vendors who can provide the necessary goods or services for a company.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We need to ensure that we are spending money effectively and efficiently to maintain our organization’s profitability.” “Our

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Arkestro

JULY 11, 2022

As part of Box’s continuous advocacy towards ESG and Supplier Diversity, previous visibility into their supplier diversity spending was limited. That’s because Box didn’t have the detailed information and access to 3rd-party databases to understand how diverse and socially responsible their supply base was. Until now. .

Suppliers 52

Suppliers Real-time Visibility Procurement Supply Chain Efficiency 52

Una

JUNE 1, 2023

By strategically managing the acquisition of goods and services, they have the power to optimize costs, enhance operational efficiency , and boost overall profitability. From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

DECEMBER 13, 2024

P rocure-to-pay ( P2P ), the downstream part of the end-to-end supplier management and procurement process, focuses on the expenditure side of the business. Automating both , and achieving frictionless integration with ERP systems, contributes to optimized operational efficiency. Order-to-Cash ( O2C ) focuses more on the revenue side.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Building strong supplier relationships to encourage favorable contracts and service is also a common goal.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

NLPA (Next Level Purchasing Association)

MARCH 6, 2025

Given that negotiation plays a pivotal role in cost savings and supplier management, mastering this skill is essentialone well-executed negotiation can translate into millions in savings. What Youll Gain: Secure supplier agreements that maximize cost savingswhile increasing supplier relationships.

Negotiation 52

Negotiation Chief Procurement Officer Procurement Supply Chain Efficiency 52