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

Pipefy

JANUARY 11, 2023

Vendor relationships are complex. Every supplier your business depends on has different priorities, requirements, and expectations. Building solid partnerships with different vendors requires flexibility, coordination, and clear communication. What is vendor relationship management (VRM)?

Vendor relationships 59

Vendor relationships Management Procurement team Vendor management 59

ivalua

APRIL 27, 2023

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Geopolitical manipulation on suppliers worldwide adds to the pressure. Those are three hot topics in the enterprise today.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Planergy

FEBRUARY 24, 2025

How AP can improve relationships with your key suppliers. The Four Types of Procurement in Education Key Steps in the Education Procurement Process Who Benefits from Efficient Procurement? It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Supply Chain Game Changer

OCTOBER 11, 2022

Subscribe to Supply Chain Game Changer. How to Invest to Make Your Supply Chain More Efficient! Supply chains are central to optimal eCommerce results. The supply chain includes everything from ordering raw materials from suppliers to ensuring products are delivered to consumers in the best condition.

Supply Chain Optimization 81

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 81

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. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Subscribe Here!

Supply Chain Efficiency 19

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

Procurement Insights

FEBRUARY 27, 2025

“A 2023 survey by KPMG highlights this transition, revealing that procurement leaders are now focusing on supply chain resiliency (68%), introducing new products or expanding into new markets (65%), and improving margins through cost reduction (71%). The focus is on efficiency and control.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

ivalua

SEPTEMBER 10, 2019

2 Supplier count – How many suppliers you have for different spend categories reflects your overall procurement health. Too many suppliers in one category may mean it’s time to simplify or negotiate better pricing with fewer vendors. On the other hand, relying on a limited number of suppliers introduces risk.

Vendor relationships 140

Vendor relationships Suppliers Negotiation Data 140

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. Subscribe Here! Email Address. Operational Procurement.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

Procurement Tactics

AUGUST 9, 2022

Selecting a Vendor — The Ultimate Guide of 2022. Selecting a vendor is not an easy task for each organization. It requires a lot of factors before choosing a potential supplier. In the field of procurement, the procurement department of each organization has its own way of selecting a vendor. . What is a Vendor?

Vendor relationships 130

Vendor relationships Quality Price Bidding 130

Zycus Cognitive Procurement

FEBRUARY 14, 2022

One such thing is your suppliers and their ability to provide as and when needed. Becoming complacent with these relationships is all too easy and costly. You not only miss out on opportunities but also risk major setbacks due to possible supplier disruptions. The era of the linear, traditional supply chain is long gone.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

ProcurePort

OCTOBER 25, 2023

• Vendor management is essential for cost efficiency, quality assurance, risk mitigation, and fostering innovation through collaborative relationships with suppliers.

Vendor management 130

Vendor management Management Procurement Quality 130

Planergy

NOVEMBER 29, 2022

Supplier Consolidation: What It Is, Benefits, and Risks. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. Supplier consolidation involves reducing the number of suppliers you work with. Pros include better supplier relationships, cost savings, and time savings.

Supplier consolidation 52

Supplier consolidation Suppliers Risk supply chain budgeting 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

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? As organizations scale and increase in size, so too does the organization’s number of suppliers, which means there are more risks to be managed.

Risk management 52

Risk management Risk Suppliers Management 52

Jaggaer

DECEMBER 13, 2024

Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

Empowering CPO

JULY 17, 2023

Introduction In an ever-evolving business environment, successful procurement operations are key to keeping organizations efficient, competitive, and profitable. From cost savings to efficiency improvements, the ROI of managed procurement services offers a comprehensive view of your business’s financial health.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Empowering CPO

JUNE 20, 2023

As organizations strive to achieve these goals, spend analysis emerges as an indispensable tool, serving as the backbone of efficient vendor management. It provides organizations with a clear view of their spend patterns and helps them make data-driven decisions that can significantly improve their relationships with vendors.

Vendor management 40

Vendor management Vendor relationships Management Supply Chain Efficiency 40

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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). Landgraf, CEO at Above the Standard ( [link] ).

supply chain budgeting 63

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

Pipefy

JANUARY 31, 2023

A Administrator A business professional who oversees the ongoing management of the purchase order (PO) or contract, confirming that both the organization and suppliers adhere to the contract’s terms and conditions. They also maintain strong business relationships, communicating good advice and procurement authority to suppliers.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

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.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Finale Inventory

SEPTEMBER 24, 2024

These documents serve as the backbone of efficient inventory management, acting as a formal request for goods from a vendor. The Role of Purchase Orders in Inventory Management Purchase orders serve as a formal request for goods from a vendor. Finale Inventory makes it easy to store and manage vendor information for future use.

Purchase orders 52

Purchase orders Purchasing Inventory Quantity 52

Planergy

JANUARY 19, 2024

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. That’s why vendor analysis is essential to any successful procurement process – it helps ensure that companies procure from reliable suppliers at competitive prices while adhering to applicable regulations.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Jaggaer

JUNE 7, 2019

Today, the term has evolved to identify a process for improving efficiency in supply chains, but at its core it is still about grouping items to maximize value. They work with stakeholders to identify, measure, and prioritize these chances to maximize efficiency. Category Analysis. Strategy Validation.

Category management 45

Category management Management Supply Chain Efficiency Vendor relationships 45

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. Managed Procurement Services provide the much-needed support businesses require to navigate the complex procurement landscape efficiently and effectively.

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. Managed Procurement Services provide the much-needed support businesses require to navigate the complex procurement landscape efficiently and effectively.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Arkestro

NOVEMBER 16, 2023

Something we often take for granted as consumers is the Black Friday supply chain practices that occur for each piece of inventory on a retailer’s shelves. While Aunt Ethel’s Christmas gift might seem simple, the supply chain management process behind it is anything but.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Raw materials 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

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. Almost every team that chooses automation is looking to create a more accurate, efficient process.

Procurement 52

Procurement Procurement team Purchase orders e2e 52

Pipefy

JANUARY 5, 2023

These include the need for greater efficiency and the desire to build procurement processes with more structure and less fragmentation. Manual tasks take up time that could be better spent on value-producing activities such as price negotiations or vendor relationship management. Benefits of digital procurement.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

The Procuretech Podcast

SEPTEMBER 22, 2022

How do you complement the performance or the requirements of the service technician with the objectives of hitting an SLA but doing it on a cost efficient basis where you were not paying a lot to get these products? . A study in Supply Chain Digest found that 53% of all enterprise breaches occurred through a third party partner or vendor.

Procurement 40

Procurement supply chain software solutions Supply Chain Efficiency Buyers 40