Supply Chain Game Changer

MAY 5, 2021

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Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

NLPA (Next Level Purchasing Association)

JULY 11, 2022

Supply chain management is critical to achieving several business objectives. Read about how a British supercar manufacturer took control of its supply chain management and became more efficient and profitable. This bottleneck caused issues up and down the supply chain. The Solution. The Problem.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Quality 52

Jaggaer

MAY 7, 2019

A bank’s suppliers are, in most cases, also its customers. Let’s say, for example, a supplier of facility management fails to meet its contractual obligations, causing the bank to make substantial losses. Effective management of suppliers’ qualification and segmentation to ensure compliance with European Banking Authority regulations.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Spend management 75

Arkestro

APRIL 10, 2023

As a special thank you, we’d like to offer you access to a few high value assets: Bel Brands Case Study America’s favorite cheese Bel Brands wanted to build meaningful partnerships with suppliers all over the world. They turned to Arkestro strategic sourcing software powered by AI. on Wednesday, April 26 at 2:00 pm ET.

Procurement 52

Procurement supply chain software solutions Strategic sourcing Strategic sourcing 52

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships. Step 3: Develop Sourcing Strategies : Consider different sourcing strategies, like single-sourcing (reliable supplier, high volume) vs. multi-sourcing (competitive pricing, risk mitigation).

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

NLPA (Next Level Purchasing Association)

MAY 8, 2024

By examining past purchases, spend analysis helps identify high spending areas, categorize suppliers, and uncover hidden costs. This data can then be used to negotiate better deals with suppliers, consolidate purchases, and streamline procurement processes.

Real-time Visibility 52

Real-time Visibility Supplier consolidation Suppliers Collaboration 52

NLPA (Next Level Purchasing Association)

AUGUST 11, 2024

This can offer several advantages, such as: Shorter lead times : Because nearshore suppliers are located closer, there is less time required for transportation. Quality : The quality of goods or services can vary depending on the supplier’s location. Nearshoring can help to reduce these costs.

Strategy 52

Strategy Quality supply chain software solutions Import 52

Jaggaer

AUGUST 12, 2020

Get the white paper on Sourcing Strategies: Why One Size Does Not Fit All , written by Michael Lamoureux of Spend Matters. Companies are starti ng to reengag e with key suppliers in an effort to reevaluat e sourcing strategies and how to approach the very uncertain future in this new Covid-19 environment. .

Sourcing 52

Sourcing Bidding supply chain software solutions Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. In order to achieve this, cross-functional commodity teams are used to evaluate suppliers and their capabilities.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

JULY 20, 2023

By diligently controlling and optimizing spending, these teams can achieve various benefits: Cost Savings: Effective spend management enables teams to identify cost-saving opportunities, negotiate better deals with suppliers, and eliminate unnecessary expenditures. This directly contributes to the organization’s bottom line.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

The Procuretech Podcast

SEPTEMBER 28, 2021

The constant challenge of poor data, inaccurate or missing taxonomies and battling with free text PO descriptions is what ultimately led them down the path of creating a software business to solve this problem at scale. Forrester White Paper . Useful Links. Adriano's LinkedIn profile. Creactives website. James' LinkedIn profile.

Data 52

Data supply chain software solutions Agile and Lean Supply Chain Category management 52

Jaggaer

MAY 24, 2019

Some of these threats include loss of control over the activity itself and over essential information for the management of the bank, dependence on the supplier, and loss of know-how. In this phase, banks will need to evaluate the capacity of suppliers and analyze various potential risks. . Transparency is key! . .

Risk 40

Risk supply chain software solutions Supply Chain Efficiency Management 40

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Sourcing When it comes to sourcing, AI can assist with RFX generation, reviewing supplier responses, and leveraging disparate, unstructured data into a coherent.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Claritum

FEBRUARY 14, 2019

Many organisations continue to find their complex expense categories difficult to accurately understand and effectively control, even with dedicated experts in Indirect Sourcing, Corporate Procurement and Supply Chain Management and applying practices that have successfully brought other categories under management. 6 Resources.

Real-time Visibility 36

Real-time Visibility Spend management Management Eprocurement 36

Procurement Software

JULY 11, 2023

Procurement, in our defence, usually wants to treat the supplier fairy and pay smaller, loyal and well-performing suppliers on shorter terms. No easy answer, but having some P2P automation software to reduce time and human error in both requisition-to-order and accounts payable can help.

Procurement 52

Procurement Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Jaggaer

MAY 12, 2020

Supply-Chain and Invoice automation. Supplier enablement based on AI. Back in September 2018 Gartner wrote , “Technology product managers must develop AI solutions that are aligned with high-priority procurement use cases, enhance user experience and improve supplier loyalty to gain their confidence.”

Procurement 52

Procurement Supply Chain Efficiency supply chain software solutions Suppliers 52

Zycus Cognitive Procurement

JULY 29, 2021

How green procurement practices and robust supplier risk management can help organizations build superior brand equity and drive significant business outcomes. Giving importance to green energy suppliers, procuring eco-friendly products/packaging, and ensuring your business supports supplier diversity.

Sustainability 40

Sustainability Procurement Agile and Lean Supply Chain supply chain software solutions 40

Claritum

MARCH 29, 2019

If the software industry has one fault it is the tendency to add new features on an ongoing basis. The financial consequence of procurement actions, as well as the supply chain implications of these actions, make Procurement pivotal to the businesses financial and operational performance. Supplier Information.

Eprocurement 40

Eprocurement Procurement Supply Chain Efficiency supply chain software solutions 40

Jaggaer

JANUARY 11, 2019

As we start 2019, it’s critical to understand how current events, changes in governmental policy and the general economic climate may affect the global procurement market and supply chain. With uncertainty over the pending exit of the United Kingdom from the European Union, European supply chains are in limbo.

Procurement 45

Procurement supply chain software solutions supply chain budgeting Agile and Lean Supply Chain 45