Spend Matters

JULY 25, 2022

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers , Source to Pay , Spend Management , Supply Management , Technology Tags: PRO I attended Coupa’s annual Inspire conference this year and was excited to finally attend a large event rather than just small meetings with clients and colleagues.

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Spend management Supply Chain Optimization Supply chain management Supply chain management 98

Spend Matters

MARCH 16, 2023

An S2P suite automates spend/supply management processes primarily in procurement, accounts payable and inbound supply chain management, but also other areas within Legal (e.g., contract management), Finance (e.g, working capital management, treasury and FP&A), R&D (e.g.,

Supply Chain Optimization 97

Supply Chain Optimization Sourcing supply chain software solutions Procurement strategies 97

Arkestro

DECEMBER 3, 2024

SAN FRANCISCO, CA, December 3, 2024 – Arkestro is excited to announce its partnership with the Infor Marketplace , a powerful collaboration designed to enable AI-driven procurement, sourcing, purchasing, and supply chain management transformation for enterprise manufacturing teams worldwide.

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Influencing supply chain budgeting Supply Chain Optimization Procurement team 52

Supply Chain Game Changer

JUNE 10, 2021

Subscribe to Supply Chain Game Changer. The Disintermediation of the Supply Chain! Integrated Supply Chain Management article and permission to publish here provided by Tyrone Fisher. Most businesses are aware how important a supply chain is to operations. GET our EBOOK HERE.

Supply chain management 73

Supply chain management Supply chain management supply chain software solutions Supply Chain Efficiency 73

Jaggaer

OCTOBER 24, 2024

The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain. Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions.

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Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Spend Matters

FEBRUARY 13, 2025

This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. The historical approach focused on reacting to operational elements, like a plant being short of potatoes, instead of demand driven supply management processes.

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Influencing Procurement supply chain budgeting Strategic sourcing 101

Skill Dynamics

JUNE 26, 2024

We equip individuals and organizations with the knowledge and expertise they need as a solution – both to optimize their supply chains and empower their businesses to thrive. The global supply chain management market size is projected to hit around USD 72.1 billion by 2032.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 52

Supply Chain Trend

MARCH 20, 2024

In the fast-paced world of supply chain management, the ability to make timely and informed decisions can spell the difference between success and failure. As we embrace the transformative potential of decision intelligence, we pave the way for a future where supply chains operate with unprecedented agility and precision.

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Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 60

Supply Chain Brain

SEPTEMBER 24, 2020

Hear why brands like PVH apparel are employing a new approach to supply chain orchestration and execution, and how automation and visibility is helping improve customer service and performance.

Supply Chain Optimization 49

Supply Chain Optimization Supply management Supply Management 49

NLPA (Next Level Purchasing Association)

APRIL 8, 2024

The globalized world relies on efficient and well-coordinated supply chains. Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. It specifically focuses on the physical movement, storage, and coordination of goods and information within the supply chain.

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Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Logistics 52

Spend Matters

FEBRUARY 22, 2023

LevaData is an Al-powered supply management platform that enables customers to improve the way they launch new products and manage existing ones by allowing them to optimize for cost and risk. More precisely, LevaData focuses on Design-for-Supply (DFS). Even now, supply chains are far from being back to “normal.”

Sourcing 98

Sourcing Supply Chain Optimization Procurement strategies Supply chain 98

SCMDOJO

FEBRUARY 5, 2025

MCIPS: The Gold Standard in Procurement Qualifications MCIPS is a globally recognized professional qualification that signifies a deep understanding of procurement and supply management. Discover how SCMDOJO has helped businesses and individuals like yours achieve cost savings, increased efficiency, and improved supply chains.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

Finale Inventory

JULY 29, 2024

Proper storage of medical supplies is vital for ensuring the quality and integrity of these important items. This guide covers the importance of proper storage for medical supplies and discusses various storage solutions to help you optimize your inventory management.

Inventory 52

Inventory Supply Chain Optimization Real-time Visibility supply chain software solutions 52

NLPA (Next Level Purchasing Association)

JULY 30, 2024

When Mother Nature almost always manages to present disruption of human plans for centuries, can supply chains be an exception? The devastating impact of bad weather on supply chains is a recurring challenge. This highlights the vulnerability of supply chains to even seemingly localized weather events.

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Supply Chain Optimization Supply chain Supply Contract 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

World of Procurement blog

JANUARY 27, 2021

When I graduated college with my shiny new Supply Chain Management degree, I figured I was heading into my first job to work on supplier contract negotiations, optimizing production line output, and all of the other 'sexy' supply chain management strategy we had spent two years learning about.

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The Good Spending

JANUARY 4, 2023

Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supply chain configuration. By the way, procurement savings on direct categories generate cash flow optimization only, while indirect savings improve the P&L.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

SCMDOJO

APRIL 22, 2022

The primary responsibility is to control and optimize the flow of products. For their part, the Logistics Manager is responsible for: This department handles raw material deliveries. Coordinates with the management team. Supply management. The layout of the supply chain Resume.

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Logistics Raw materials Supply Chain Efficiency Supply Chain Optimization 137

Spend Matters

OCTOBER 4, 2024

So, the term ‘spend orchestration’ that some like to use is really just upgraded spend management. Cross-functional orchestration beyond intake. AI-enabled invoice coding is also offered based on historical coding patterns within the organization for more accurate suggestions.

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Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

Procurement Tactics

JULY 17, 2022

Procurement is responsible for both optimizing the costs and reporting the savings achieved. . Additionally, procurement professionals are responsible for all the purchasing, sourcing, and supplies management that makes it important to every industry. . So the first thing you would want to know is the basics of procurement. .

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Procurement Negotiation Purchasing Supply Chain Optimization 130

World of Procurement blog

APRIL 24, 2024

In the dynamic and ever-evolving world of procurement and supply chain management, staying at the forefront of professional development is not just advantageous – it’s imperative. This credential is a testament to one's expertise in finance, supplier relationship management, and organizational global strategy.

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Finale Inventory

AUGUST 8, 2024

By having a well-equipped supply checklist, urgent care providers can handle diverse medical cases efficiently, ensuring that patients receive the care they need without unnecessary delays. Why Efficiency Matters in Urgent Care Supply Management In an urgent care setting, time is of the essence.

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NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge.

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supply chain budgeting Management Supply Chain Optimization Procurement 52

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.

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Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Supply Chain Game Changer

NOVEMBER 13, 2018

But to do so, they must also reshape their supplier relationships, aligning their supply chain with a more progressive strategy and securing a competitive advantage. With some suppliers, it’s also possible to use strategic sourcing projects to optimize total cost of ownership. So what are the new realities?

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Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Una

JULY 3, 2023

The hard-won skills that you’ve developed over the course of your procurement or supply management career will always be relevant, no matter how high you climb. They provide guidance on optimizing the sourcing process, enhancing supplier relationships, and leveraging procurement as a strategic function that adds value to the business.

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Leadership Procurement Ethics Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

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Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

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Una

JULY 25, 2023

Doing so reveals the topics that our community of procurement and supply managers are most interested in, from the latest trends to perennial topics that will never go out of date. Procurement and Supply Chain: What’s the Difference? Where does procurement end and supply chain management start?

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Arkestro

MAY 9, 2023

Simply put, organizations still aren’t harnessing the power of technology to its full effect — and they’re missing out on countless opportunities to optimize spending, decision-making, sourcing, and results. Yet there’s a disconnect between this belief and the actual behavior of most CPOs.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health.

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CPO Rising

MAY 8, 2024

CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements.

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Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Cover damages and termination are only two of the many remedies we teach in our online course, “ Supply Management Contract Writing.”. The Supply Chain Game Changer Job Board! Subscribe Here!

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Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. This blog will help you become a better procurement manager by providing you the latest updates on procurement digitization. However, talent management and innovation are expected to be the long term investments. .

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

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Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52