Remove eprocurement-system-essentials
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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. Eurozone annual inflation was down 8.5 per cent in January 2023, down from 9.2 per cent in the previous month.

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ESSENTIALS OF AN ePROCUREMENT SYSTEM

Eyvo

eProcurement must-haves! One of the procurement goals of an organization is to find a system that offers real-time data and is cost-effective. Orison Swett Marden says, “A good system shortens the road to the goal”. A good system could mean various things to various people. By Deepa Mordani. Approvals (functionality).

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Delivering efficiency and performance with digital procurement software

Eyvo

Resilient supply chains and efficient eProcurement software are what make the recent trends in procurement complete. Having an efficient eProcurement software that helps you get through your daily procurement tasks is absolutely essential in the face of a pandemic. How can eProcurement systems deliver efficiency and performance?

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How to Make Your Business Punchout Ready!

Supply Chain Game Changer

A punchout catalog allows your clients to access your inventory right in your procurement system directly. Instead of taking orders from client’s directly, and then having someone input that orders into the company’s system, a punchout gateway takes orders and processes them as CSML messages through an eProcurement system.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

Automation is also an essential capability. He added that the on-premise, monolithic ERP system will become a thing of the past, and will be replaced by best-in-class eProcurement platforms that can integrate with specialist tools such as CRM or service management systems. .

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PROCUREMENT BEYOND SAVINGS

Eyvo

It is just one part of what eProcurement is capable of beyond savings. Many of us forget that while all these lead to a great amount of savings, there are important systemic aspects that can be missed if not paid attention to. With the adoption of an eProcurement solution, you not only automate processes but also mitigate risk.

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Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

Supply Chain as a Service (SCaaS) Examples Across Industries Retail Industry Retailers leverage third-party service providers, external manufacturing systems (EMS), and supply chain IT services (RFID, IoT, barcoding, etc.), allowing them to shift their focus towards core activities like market share and product management.