Procurement Tactics

JUNE 28, 2023

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored. This approach promotes efficiency throughout the whole procurement process.

Supply Chain Efficiency 178

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

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

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

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

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

Planergy

FEBRUARY 24, 2025

How AP can improve relationships with your key suppliers. It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. How to capture early payment discounts and avoid late payment penalties.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

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. One of the primary challenges is the lack of specialized expertise.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 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. By standardizing procurement activities, organizations gain visibility over spending, strengthen supplier relationships, and optimize cash flow management.

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

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. Historically, the buyer-vendor relationship was seen as adversarial. But in a healthy buyer-vendor relationship, both parties are winners.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

Empowering CPO

JUNE 20, 2023

Understanding Vendor Management Vendor management, in its most fundamental sense, refers to the process through which businesses identify, select, and administer their relationships with suppliers. The importance of vendor management in today’s business world cannot be overstated.

Vendor management 40

Vendor management Vendor relationships Management Supply Chain Efficiency 40

Supply Chain Game Changer

JANUARY 16, 2020

Subscribe to Supply Chain Game Changer. Here’s what you need to know about optimizing the processes of accounts receivable and accounts payable. Settling your accounts payable on-time is crucial to managing vendor relationships, building a trustworthy reputation , and avoiding penalties and fees that come from late payment.

Supply Chain Optimization 59

Supply Chain Optimization Vendor relationships Purchasing Supply chain 59

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

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. Simply follow the on-screen instructions to get started.

Purchase orders 52

Purchase orders Purchasing Inventory Quantity 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 4, 2023

Escalating supply-chain volatility and inflation put pressure on procurement teams to “do more with less.” Some teams look to procurement automation to improve vendor relationships or reduce the amount of manual work required. Supplier relationship management (SRM). Supplier relationship management (SRM).

Procurement 52

Procurement Procurement team Purchase orders e2e 52

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

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

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

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. Manual tasks take up time that could be better spent on value-producing activities such as price negotiations or vendor relationship management. What is digital procurement?

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Planergy

JANUARY 19, 2024

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. Read on to learn more about how effective vendor analysis can help you streamline your supply chain management efforts!

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