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

Una

JUNE 8, 2023

What Makes a Supplier Strategic? Explore what makes a supplier strategic, learn why it matters, and how you can get noticed by supplier partners that are critical to your business. What makes a supplier strategic - and why does it matter? Will production or productivity grind to a halt if you suddenly lose that supplier?

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Planergy

AUGUST 16, 2022

How AP can improve relationships with your key suppliers. Supplier Development: What It Is, And How To Manage It. Best Practices & Tips Supplier Performance Supplier Relationship Management. For the best results, a company should approach supplier development strategically and systematically. Written by.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Spend Matters

NOVEMBER 2, 2023

Similarly, the SAP Business Network Supplier Portal solution is also now embedded within SAP S/4HANA RISE Premium Plus Edition, providing access to key Network capabilities for PO and invoice automation. Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making.

Networking 114

Networking Spend management Suppliers Supply Chain Optimization 114

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. Procurement, on the other hand, encompasses all the steps involved in acquiring goods, services, and works from external suppliers.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage. What is Strategic Sourcing?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. You’ll be able to see where you could reduce costs in your category.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

Procurify

JULY 20, 2022

Although this is still an important part of their job, strictly working with low-cost suppliers isn’t always the best way to manage spending. Companies that adapt to supply chain volatility can swim against the tide. . They need to know the risks of working with certain suppliers, products and industries.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

TYA Suite

NOVEMBER 25, 2024

It involves carefully selecting suppliers based on several factors like quality, price, reliability, and how well the supplier can meet the company's long-term needs. Unlike traditional sourcing, which usually aims to find the lowest cost option and looks at the bigger picture. moves into the negotiation phase.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Empowering CPO

JULY 2, 2023

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40