Procurement Tactics

MAY 24, 2023

For example, you can ask a department head to provide feedback and scores for a software service used by their team. Supplier scorecards are also used to track vendor value, measure procurement key performance indicators (KPIs), and monitor overall supply chain performance. What is the purpose of it?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

IBM Supply Chain Blog

MAY 9, 2023

An excellent illustration of how IBM partners are helping enterprises capitalize on the transformative power of AI is Krista Software , which used IBM Watson NLP from IBM’s embeddable AI software portfolio to help its mobile security client, Zimperium, automate its entire scheduling and deployment process.

Vendor relationships 94

Vendor relationships Strategy Budget Quality 94

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

IBM Supply Chain Blog

JUNE 7, 2023

Over the coming years, IT data center solutions will become increasingly sophisticated—further complicating the challenges articulated above. Clients following this strategy choose the level of service and tasks that they want their support vendor to handle across the lifecycle of their infrastructure products.

Data 66

Data Strategy Vendor relationships Inventory 66

Zycus Cognitive Procurement

FEBRUARY 14, 2022

The first step to building a resilient supply chain is strengthening your relationships with suppliers. The importance of good relationships with suppliers has never been more important than it is now. The era of the linear, traditional supply chain is long gone. Why now, you may ask.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? The company is exploring whether or not to outsource IT, Accounting/Finance, Payroll, Human Resources, Software and Hardware Development, because they have been in the red at more than $100 million. Landgraf, CEO at Above the Standard ( [link] ).

supply chain budgeting 63

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

TYA Suite

DECEMBER 16, 2022

As a key participant in the supply chain, vendors are one of the most important stakeholders in the procurement process. Successful companies focus a lot on their vendor management process and get benefited from it in the market and are always one step ahead of any risks they could encounter.

Vendor management 52

Vendor management Management Real-time Visibility supply chain software solutions 52

Jaggaer

DECEMBER 13, 2024

Historically, the buyer-vendor relationship was seen as adversarial. But in a healthy buyer-vendor relationship, both parties are winners. Today, the relationship is collaborative, and it will become increasingly so as we move towards autonomous commerce.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

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

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

Pipefy

JANUARY 31, 2023

Examples range from training services to software to raw construction materials. Digital procurement The application of technologies such as process automation, Artificial Intelligence (AI), and data analysis to the procurement process via software or a portal system. Most deliverables are measurable, specific, and have due dates.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Pipefy

JANUARY 5, 2023

Digital procurement means letting go of manual data entry, paperwork, and complex request management and instead opting to use software that streamlines procurement through integration and automation. For example: the ERP system, SAP, Netsuite, and other finance software. Benefits of digital procurement.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 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.

Purchase orders 52

Purchase orders Purchasing Inventory Quantity 52

HICX

SEPTEMBER 11, 2023

Supplier risk management (which can be referred to as SRM, although this acronym more commonly means supplier relationship management) is a process that identifies, assesses and mitigates threats posed in the organization’s supply chain that have the potential to impact revenue generation and profit.

Risk management 52

Risk management Risk Suppliers Management 52

Planergy

NOVEMBER 29, 2022

It’s never a good idea to work with a single partner on anything mission-critical, as it can damage your organization if an issue arises with its supply chain. It can work for basic things like office supplies you don’t often need. Fewer suppliers can make it much easier for companies to manage their supply chains effectively.

Supplier consolidation 52

Supplier consolidation Suppliers Risk supply chain budgeting 52

Pipefy

MAY 9, 2023

The success of these activities directly affects vendor relationships, customer satisfaction, and revenue. Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. Tracking the latest supplier data is an easy way to maintain good relationships with great suppliers (discounts, anyone?)

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.” Some teams look to procurement automation to improve vendor relationships or reduce the amount of manual work required. That makes procurement automation more important than ever. What is procurement automation?

Procurement 52

Procurement Procurement team Purchase orders e2e 52

Planergy

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. In this blog post, we’ll explore vendor analysis, its underlying processes and types, and best practices when implementing this critical tool in your organization. What is Vendor Analysis? What's Planergy?

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

The Procuretech Podcast

SEPTEMBER 22, 2022

The emergence of the on demand or SaaS software was exciting. And so the biggest change is that the procurement and professionals in supply chain are now seen as the leader, rather than a spectator in digital transformation. Who should own those third party vendor relationships? Should it be finance? Stay in touch.

Procurement 40

Procurement supply chain software solutions Supply Chain Efficiency Buyers 40