Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Delays and Bottlenecks.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Eyvo

MAY 13, 2019

The procurement department is usually misunderstood by many in an organization. We know that organizations have started the shift from traditional to digital procurement. This is especially because procurement staff members are located in faraway locations and their requirements are urgent.

Procurement Solutions 45

Procurement Solutions Optimal Sourcing Procurement Forecasting Software 45

Logility

AUGUST 4, 2023

The important thing is: the business and value case must be an accurate reflection of outcomes your project will drive for the business, signed off with your executive committee. Selecting a new enterprise technology or supply chain planning software provider can be wrought with challenge and risk. Both can work well.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 130

ivalua

SEPTEMBER 10, 2019

Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress.

Negotiate Pricing 140

Negotiate Pricing Metrics Supply Chain Software Benchmarking 140

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Fortunately, the report shows that procurement is putting actions behind words.

Optimal Sourcing 130

Optimal Sourcing Study Procurement Supply Chain Planning Software 130

SCMDOJO

FEBRUARY 29, 2024

For this reason, it is important to establish an effective mechanism to improve it, accelerate its improvement, and ensure the quality of the service and/or product. For this reason, it is important to establish an effective mechanism to improve it, accelerate its improvement, and ensure the quality of the service and/or product.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Logistics Viewpoints

APRIL 3, 2023

For the supply chain team, it is the plan for the coming month that is most important. But we’ve always been building out this technology with the thought of being able to do other things around procurement, finance, and revenue management.” It is the execution of this plan that will delight or disappoint customers.

Supply Chain Planning Software 252

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 252

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? All this functionality helps save costs, choose the best vendors, ensure compliance, appraise supplier risk, and streamline procure-to-pay cycle.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Eyvo

FEBRUARY 9, 2021

It is easy for organizations to get confused and come to the wrong conclusion about the implementation of a digital procurement solution. Shifting from a traditional procurement system to a digital procurement solution should be considered as a strategic investment rather than an expense to your organization. Reduced costs.

Procurement Solutions 89

Procurement Solutions Optimal Sourcing Procurement Supply Chain Design Software 89

Unleashed

JANUARY 8, 2024

Procurement management directly impacts your bottom line, making it a critical component of running a profitable product-based business. In this article, we look at the different stages of procurement management. We’ll also explore project procurement management and the relationship between procurement and supply chain management.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52

QAD

JUNE 2, 2022

The first World Sustainable Procurement Day was held this year on March 21. With the increasing focus on sustainability, I guess we should not be surprised that sustainable procurement now has its own day on the calendar. This Supply Chain Due Diligence Act was approved in July 2021 and is planned to take effect on January 1, 2023.

Manufacturing Procurement 95

Manufacturing Procurement Purchasing Skills Sustainability Cost Reduction Strategies 95

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

QAD

JANUARY 24, 2023

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

Supply Chain Software 97

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 97

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Software Negotiating Skills Predictive Analytics Software 130

Eyvo

APRIL 20, 2021

How to effectively manage risk in procurement? Risk management in procurement. However, in procurement, the last thing you want is a risk. That’s why managing risk in procurement is essential. Procurement teams have been trying to outrun risks since the pandemic began. Delays in basic procurement activities.

Procurement Analytics 92

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 92

Precoro

AUGUST 26, 2021

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Purchasing?

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

Taulia

FEBRUARY 9, 2022

Their importance to regular operations means that building strong relationships with suppliers should be treated as a priority. As a result, it’s important to ensure your supplier onboarding process is as smooth and efficient as possible. What is supplier onboarding?

Optimal Sourcing 98

Optimal Sourcing Sourcing Strategies Vendor Strategies Optimization Software 98

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

Precoro

JANUARY 30, 2023

How a PO System Can Improve the Procurement Process Eliminates Human Error Manual document processing can lead to mistakes at any moment, from misplacing or losing a purchase order to forgetting to send it for approval or to the vendor. As a company slowly grows, purchase management becomes more and more complicated.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Supply Chain Planning Software Supply Chain Software 52

Precoro

DECEMBER 11, 2023

The dynamic landscape of modern business comes with increasing product variety and volatile prices, making it more important than ever to stay competitive on the market. As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. It covers the basics of procurement, including procurement strategies, contract management, and supplier selection.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

Precoro

JULY 8, 2022

There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company. The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional?

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

Precoro

FEBRUARY 11, 2022

Once a supplier approves the purchase order, it becomes a legally binding document. Purchase order process is an integral part of a procurement cycle as a whole. What is Purchase Order Management, and why is it Important. Purchase order management is important for meeting procurement goals while maintaining budget wisely.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Optimal Sourcing Vendor Strategies 52

QAD

JUNE 29, 2023

This means involving stakeholders from across the company, including engineering, manufacturing, procurement, quality, maintainability, serviceability and sustainability, plus key suppliers. But if you want to pay for it at the lowest possible cost, you build quality in from the beginning. So why doesn’t everybody do it?

Price Reduction 94

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 94

Eyvo

SEPTEMBER 28, 2021

Managing procurement processes and supply chains can be strenuous for many organizations. Resilient supply chains and efficient eProcurement software are what make the recent trends in procurement complete. The recent global crisis highlighted the importance of sturdy and efficient supply chains. Resiliency through transparency.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Analytics Software Supply Chain Software 52

Precoro

JULY 18, 2022

It improves cash flow, drives additional savings, and helps procurement organizations make the most of dynamic discounting opportunities. It improves cash flow, drives additional savings, and helps procurement organizations make the most of dynamic discounting opportunities. But the question is, what's to be done ?

Supply Chain Software 52

Supply Chain Software Procurement Solutions Optimization Software Optimal Sourcing 52

Enterra Insights

JANUARY 26, 2022

Which is why robotic process automation can play an important supply chain role. ”[2] In other words, RPA does the busy work so employees can focus on more important tasks. ”[2] In other words, RPA does the busy work so employees can focus on more important tasks. What is RPA?

Supply Chain Software 130

Supply Chain Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics Software 130

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Measuring and reporting.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

ivalua

AUGUST 5, 2020

Invoice to Pay sits at the end of a Procurement process that starts with a need, moves through selecting and contracting with a supplier and ends with delivery of goods or services. . At each step of this Procurement process, data is gathered, suppliers are onboarded, and deliveries are accepted. Invoice to Pay from Ivalua.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Supply Chain Software Supply Chain Network Software 130

ivalua

APRIL 12, 2019

Procurement leaders are being given more and more priorities, he said, but there are obstacles in their way that stop them delivering strategic decision making and real value. So, is AI the light at the end of the tunnel for overworked procurement functions? Fresh mint, maybe? Or aluminium, perhaps?) Help build a shopping cart.

Analytics Software 176

Analytics Software Negotiating Skills Supply Chain Planning Software Predictive Analytics Software 176

EC Sourcing Group

NOVEMBER 8, 2022

Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Sourcing and Procurement Optimization : Speed and Transparency. Contract management. RFx and eAuction management.

Optimal Sourcing 52

Optimal Sourcing Demand Planning Software Sourcing Strategies Supply Chain Software 52

Precoro

APRIL 18, 2023

Why is supply chain visibility important? With globalization, companies worldwide have outsourced their supply chain components, making greater business transparency through supply chain visibility especially important. An undisturbed supply chain is vital for continuous production and, as a result, for customer satisfaction.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

Unleashed

OCTOBER 22, 2019

Procurement processes can seem complicated, but each stage of the process can be broken down into tangible, easy-to-understand steps. Understanding the difference between purchase requisitions and purchase orders will help businesses and their employees to have a greater understanding of the entire procurement process.

Procurement Solutions 64

Procurement Solutions Purchasing Skills Supply Chain Planning Software Vendor Strategies 64

HICX Solutions

JUNE 12, 2023

In this episode of the Supplier Experience Live podcast, we spoke with Yash Rai , Vice President, Procurement and Supply Chain Solutions at The Smart Cube. Yash has over 14 years of experience working in the procurement domain. Supplier risk monitoring The second biggest trend he sees right now is around supplier risk.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Trends Forecasting Software 52