Jaggaer

SEPTEMBER 8, 2020

Group, or link, your suppliers for better supplier management. or Cognos should all be grouped together, since they’re the same supplier. Ensure that you have negotiated the best contract deals per supplier now that all of your spend is identified per supplier. Reduce the number of suppliers per category.

Eprocurement 123

Eprocurement Buyers Purchasing Contract 123

HICX

AUGUST 8, 2024

In this white paper, we review how a dedicated supplier information management (SIM) solution adds value to a typical SAP-dominated enterprise landscape, the ways in which SIM enhances overall supplier experience, the reasons why this is important, and how a business case and evaluation of SIM in this scenario should be approached.

Suppliers 52

Suppliers Management Data Import 52

Jaggaer

AUGUST 25, 2020

N othing is going to happen overnight , but t he second stage in the journey is augmented procurement, and it’s here today. A ugmented procurement , as defined in our white paper , is “a system that can learn from h uman feedback and provide better insights and recommendations over time on one or more specific tasks”.

Procurement 123

Procurement Data Sourcing Procurement strategies 123

ivalua

NOVEMBER 19, 2015

For example, bad supplier choices can hurt your company’s reputation, lead to production line shutdowns, and contribute to loss of profits. And get suppliers involved early in the process. Early collaboration is the key here – both internally and with suppliers. Invest in good should cost and target cost methodologies.

Strategic sourcing 124

Strategic sourcing Strategic sourcing Sourcing Price 124

Jaggaer

FEBRUARY 4, 2020

With 2020 well and truly begun, the timely question of whether you’ve had you had your annual supplier meetings yet, or not, springs to mind. If you haven’t, do your suppliers know what you expect from them? Orchestrate your supplier management for maximum benefit. See a supplier meeting as an opportunity.

Suppliers 65

Suppliers Supply Chain Efficiency Supply Chain Optimization Price 65

HICX

JUNE 20, 2023

In this white paper, we look to demystify the topic of supplier portals and supplier portal strategy. While suppliers do have to log in to these tools, technically making them all portals, this is not really how enterprises are thinking about their supplier portal strategy.

Strategy 52

Strategy Suppliers Procurement 52

HICX

NOVEMBER 29, 2023

In this white paper, we explore how onboarding and supplier information management technologies can be best utilized to overcome these challenges.

Suppliers 52

Suppliers Management Data Procurement 52

ivalua

JANUARY 20, 2016

Such change is pushing manufacturers (and their solution providers) to reinvent nearly every aspect of their businesses from demand sensing to the plant floor, logistics, sourcing, supplier management, and financial management. Manufacturers who master collaboration both internally and with suppliers will gain a sustainable advantage.

Collaboration 100

Collaboration Risk management Risk Suppliers 100

Jaggaer

JULY 21, 2020

How much do you enjoy routine tasks such as updating dozens of price lists, generating purchase requests, and entering and reviewing information for multiple suppliers? Learn all about the steps to take in achieving autonomous procurement in our white paper, written by Michael Lamoureux of Spend Matters. Download it now.

Procurement 102

Procurement Purchasing Suppliers Purchase orders 102

The Thomas Blog

AUGUST 24, 2022

We have more than 120 years of expertise in connecting industrial buyers and suppliers, and we're happy to help share all we've learned from our data and relationships over the years. From a supplier's perspective, the industrial buying cycle is a two-step process: 1. The buyer finds a supplier to purchase the product or service.

Buyers 128

Buyers Buying process Suppliers Sourcing 128

Jaggaer

SEPTEMBER 11, 2020

To learn more about the technologies that are shaping the procurement industry check out our recent white paper. . These data sources typically include the end customer’s approved supplier network, third party supplier networks, and private company information supplier networks.

Procurement 86

Procurement Chief Procurement Officer Supply Chain Efficiency Data 86

NLPA (Next Level Purchasing Association)

FEBRUARY 3, 2022

Correcting poor supplier performance is the other side of rewarding good supplier performance. When it is evident through your rating methodology that a supplier’s performance is inadequate, you need to meet with that supplier to improve performance. You may end up with the same or worse problems when switching suppliers.

Suppliers 52

Suppliers Collaboration Inventory Contract management 52

SCMDOJO

APRIL 22, 2022

Companies like H&M, Gucci, and Versace weren’t even aware that the Rana Plaza factory was their supplier. To streamline the procurement operations, a critical point is to have 100% transparency from the supplier’s and buyers’ sides. A good example would be the Rana Plaza Tragedy of 2013.

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Zycus Cognitive Procurement

JULY 30, 2021

SUPPLIER RELATIONSHIP MANAGEMENT (SRM) MATURITY IS CORRELATED WITH PROFITABILITY. Hence, procurement teams are compelled to scale up, scale down, pause, or even accelerate processes depending on the market situation and current supplier dynamics. Concerns around supplier data integrity. Persistent dependence on manual efforts.

Supplier relationship management 52

Supplier relationship management Suppliers Management Procurement 52

ivalua

SEPTEMBER 24, 2020

Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

e2e 100

e2e supply chain budgeting Supply Chain Efficiency Suppliers 100

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

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

My team and I work closely with suppliers to negotiate favorable terms and conditions. We also monitor supplier performance to ensure that they are meeting their obligations under our contracts. We also ensure that we are procuring goods and services at the best possible prices.

Spend management 98

Spend management Management Procurement supply chain budgeting 98

The Network Effect

APRIL 22, 2015

This steady erosion of an organization’s credibility among customers and suppliers, as well as its inability to leverage business intelligence investments and make sound decisions based on accurate information is a primary causal factor in market share loss. The post Should wall street care about your master data management strategy?

Data 67

Data Strategy Management Networking 67

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.

Procurement 52

Procurement supply chain software solutions Strategic sourcing Strategic sourcing 52

Jaggaer

MAY 19, 2020

“The automation has streamlined the Council’s contract management and supplier performance processes and as such we feel that this has increased our business efficiency and improved internal and third-party collaboration by reducing operating expenses.” – Tommy Burns, Procurement Project Officer – East Ayrshire Council.

Contract 52

Contract Suppliers Management Contract management 52

The Network Effect

DECEMBER 23, 2014

The principles of demand sensing discussed in this post and those that follow apply across industries and more directly to any company participating in a supply network, including retailers, manufacturers, suppliers, or carriers. If you’re impatient though, I suggest you read the new white paper, What is Demand Sensing?

Demand 72

Demand Networking Inventory Suppliers 72

Procurement Insights

DECEMBER 13, 2024

Strategic Focus: With AI agents handling low-value, repetitive tasks, procurement teams can redirect their efforts toward strategic initiatives, such as supplier relationship management and category strategy development. I will also be digging deeper into the GEP white paper.

Supply Chain Efficiency 59

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Supplier relationship management 59

The Network Effect

AUGUST 14, 2015

To be effective, executives need a set of core master data about customers, products, locations, vendors, and suppliers in order to answer these questions. But if you’re impatient and want to find out more now, I suggest you read the new white paper: Why Wall Street Cares About Your Master Data Management Strategy.

Real-time Visibility 67

Real-time Visibility Data Networking Risk 67

Jaggaer

APRIL 8, 2019

Even if that is not the case, it could damage your relationship with a preferred supplier or business partner. Then there is the opportunity cost involved in having procurement professionals chasing down transactions or suppliers. You could also be exposed to other legal risks. Download it here now.

Contract 66

Contract Purchasing Suppliers Quality 66

Procurement Insights

AUGUST 14, 2024

Comprehensive Supplier Network 2. Conclusion Given the LCBO’s specific needs during a rail strike—such as the need for robust supplier management, real-time visibility, and flexible sourcing— SAP Ariba emerges as the best procuretech provider to support the organization. Here’s why: 1. Supply Chain Visibility and Risk Management 3.

Real-time Visibility 49

Real-time Visibility Supply Chain Visibility Supply Chain Efficiency Supply Chain Optimization 49

The Network Effect

MAY 4, 2015

There is no shortage of near real-time data collected from the downstream retailers in the supply network all the way upstream through to the manufacturers and their suppliers. If you’re impatient though, I suggest you read the new white paper, What is Demand Sensing? However take care not to misinterpret the data.

Demand 68

Demand Data Inventory Networking 68

The Procuretech Podcast

MARCH 15, 2022

That's why we feel that a lot of the detailed research and white papers are unnecessarily complex. If you're given the basics to get on with, you can do your due diligence on the potential software suppliers you're considering. Do you need to pay several thousand dollars for a white paper you'll probably never read in full?

supply chain software solutions 52

supply chain software solutions Procurement Supply Chain Efficiency Market knowledge 52

Procurement Insights

MAY 21, 2024

I then began my research, including a review of the July 13th, 2012, white paper SpendMatters / Achilles White Paper: Is Your Supplier Qualification Process a Competitive Disadvantage? So, even though I had never really heard of them until they called me, this was my starting point.

Suppliers 52

Suppliers Import Procurement Data 52

Procurement Insights

OCTOBER 24, 2022

In short, by focusing on savings, the wrong practices and buyer behaviors were rewarded, e.g., beating down suppliers, vendor rationalization etc. 2008/2014 posts – [link]. Point #2 – According to the 2019 Deloitte Global CPO Survey, most CPOs were disappointed with their digital transformation strategy results.

Strategic sourcing 64

Strategic sourcing Strategic sourcing Buyers Procurement 64

Jaggaer

JULY 28, 2020

Unlike a traditional framework, suppliers can apply to join at any time. In other words, it is an “open market” solution designed to provide buyers with access to a pool of pre-qualified suppliers. Suppliers can apply to single or multiple lots within a DPS. there are benefits to suppliers too.”. The Advantages of a DPS.

Procurement 75

Procurement Buyers Contract Purchasing 75

Zycus Cognitive Procurement

FEBRUARY 4, 2021

each event sees participation from scores of suppliers – often 250+ – placing bids across 60,000 to 80,000+ lanes. in this large-scale sourcing event, organizations need to model and analyze thousands of bids and conduct various what-if analyses to award the bid to the best-fit supplier out of this massive pool.

Supply Chain Optimization 40

Supply Chain Optimization Sourcing Bidding Suppliers 40

The Network Effect

SEPTEMBER 4, 2015

In addition to improved performance, companies that extend into a DDVN environment will also enjoy full internal & external visibility of component parts (at retailer DC’s, supplier DC’s, export hubs, etc.) If you’re impatient, I suggest you download the new white paper: Is your supply network really shelf-connected ?

Networking 58

Networking Collaboration Real-time Visibility Supply 58

Jaggaer

APRIL 6, 2020

To learn more about how supplier management can help navigate turbulent times, download our Holistic Supplier Management whitepaper. For example, s ay you are a medical devices supplier with a range of products. Learn more about how supplier management can help, read our white paper, How to Achieve Holistic Supplier Management.

Supply Chain Efficiency 72

Supply Chain Efficiency Risk Supply chain Supply 72

NLPA (Next Level Purchasing Association)

JANUARY 14, 2022

When set up right, a supplier development program will lead to producing a trusted business partner. Procurement Teams are responsible for an increasing number of suppliers. Consequently, this increases the probability of doing business with suppliers that fail to perform to their potential. Identify suppliers for development.

Suppliers 52

Suppliers Supply Project management Contract management 52

Jaggaer

SEPTEMBER 1, 2020

When procurement thinks about why they might implement a category management pro cess , the reasons that come to mind are likely to involve more effective management of spend or having increased time to invest in strategic supplier relationships. Defining the key performance indicators for managing and tracking supplier success.

Category management 52

Category management Management Buyers Supply Chain Efficiency 52

Jaggaer

APRIL 30, 2020

To learn more about autonomous procurement and the journey to get there, download our new white paper. For example, it may run different models against that supplier to determine what is impacting the prediction – geography, category, etc. Read our white paper, The Journey to Your Autonomous Procurement Starts Now!

Procurement 52

Procurement Buyers Contract 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