ProcurePort

How COVID-19 is Reshaping the Pharmaceutical Supply Chain

ProcurePort

Getting FDA-approved medication to patients in a cost-effective manner every time is one of the objectives of key stakeholders across the United States pharmaceutical supply chain. It appears like a very simple thing to do.

Getting Real and Resilient in Direct Procurement Execution

ProcurePort

Supply is a huge part of the economy. Making sure that materials are getting where they need to so that businesses can continue to operate is a vital aspect of a thriving economy. The last year demonstrated this first-hand for society.

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What is Direct Sourcing in Recruiting?

ProcurePort

What is direct sourcing in recruiting and how does it affect your procurement efforts? When it comes to purchasing and supply chain management, sourcing plays a pivotal role. Sourcing is a key component of procurement.

Reporting and Analytics – How Effective Are They in Procurement?

ProcurePort

What is the role of an e-procurement report? Where does analytics fit in for procurement teams? How important are they for organizations? Reporting and analytics can highlight problems along the supply chain and provide solutions for procurement issues while giving direction for future efforts.

Supply Chain Evolution: Digital Transformation Is the Way Forward

A new study by The Economist shows that 54% of enterprises want to rethink their supply chains. Make them more agile and resilient. How would supply chains evolve from here? And what should supply chain leaders be doing differently? Download the report today!

The Role of E-Procurement in Supply Chain Management

ProcurePort

A procurement strategy is made up of a myriad of components, processes, and systems. In broad scope, procurement is essentially an organization-wide effort. From accounting and finance to inventory, to production and internal operations; procurement affects every aspect of a company across the board.

5 Types of Supplier Management Tools That Make Life Easier

ProcurePort

The procurement landscape has changed a lot since the onset of the coronavirus pandemic. Chief Procurement Officers (CPOs) have had to adapt quickly to disruptions in local, regional, and international supply chains.

Agile Procurement: What It Is and How to Implement

ProcurePort

Are you looking for ways to improve your procurement strategy in 2021? There is no doubt that we are living through precarious times that have disrupted local, regional, and global supply chains forcing many procurement officers to find ways to adapt.

The Differences Between Direct vs Indirect Procurement

ProcurePort

Father of the Portfolio Purchasing Model, Peter Kraljic, a former McKinsey & Co. director is heralded as being the first to propose that enterprises should regard purchasing as a separate operation in supply chain management.

3 Limitations of e-Auctions and How to Overcome Them

ProcurePort

Did you know that reverse auction software can help you save 18 to 40% on addressable spend? Buyers are always looking for ways to reduce sourcing fees and the e-auction system provides such a platform. It permits streamlining of e-procurement and assists in improving service along the supply chain.

Accelerate Your Procurement Digital Transformation With This 5-Point Strategy

Today, your entire supply chain must embrace change and accelerate digitalization. When it comes to procurement, focusing on digital transformation now can dramatically reduce costs, improve visibility and insight, and give you a significant competitive advantage.

5 Tips When Using Inventory Management Software

ProcurePort

Without inventory management, businesses, economies, and societies would descend into chaos. Inventory management is one of the most crucial elements in developing strong and resilient supply-chains that aren’t affected by the volatile marketplace.

RFQ Meaning: Understanding a Request for Quote Procedure

ProcurePort

The procurement process is all about creating reliable, resilient, and sturdy supply chains, while improving time, efficiency, and savings.

Enhancing the RFP Process for a Stronger Supplier Relationship

ProcurePort

The supply chain is a vital aspect to any organization in any industry. Developing a book of suppliers and vendors that are trustworthy, reliable, and actively respond to RFPs is a challenge for every procurement team.

Purchasing and Supply Chain Management in 2020

ProcurePort

2020 has shown itself to be a wake up call for many departments within businesses. Many were caught unaware by the coronavirus and no one could have predicted that the whole world would be on lockdown because of a global health pandemic.

Just In: Inventory Optimization Research

How are organizations performing on inventory optimization? How can new technologies help your team improve? Find out in this new research report.

How Digitized Procure-to-Pay Benefits You

ProcurePort

A new digital era is emerging, with procure-to-pay (P2P) now developed as a digital process. P2P services enhance collaboration between buyers and suppliers and generate an increased value to the supply chain. Going digital with the P2P process allows buyers and suppliers to develop a relationship that benefits both parties. Cloud-based P2P software platforms act […]. The post How Digitized Procure-to-Pay Benefits You appeared first on ProcurePort Blog. Procure-to-Pay

Advantages of Negotiation in Procurement

ProcurePort

“Never take the first offer” is one of the first lessons you’ll learn in a negotiation or business-negotiation type of class. Plus, it’s fun to say. Negotiation might seem like a niche skill, but in reality, it has a much more practical and robust role in our society.

Strategic Supplier Relationship Management

ProcurePort

Building an agile supplier relationship is nearly impossible without the right management strategy. Robust supplier relationship management strategies can make a big difference.

Expense Management 101: Your Guide to Expense Reporting

ProcurePort

Procurement is one of those wild-west types of departments in the business. In other words, there’s a lot of activity that falls under the umbrella of procurement, and oftentimes, not every company defines procurement in the same way.

What Happens When Machine Learning Meets Ocean Shipping?

Read how Unilever developed a first-of-its-kind digital Control Tower with ClearMetal that provides extremely accurate real-time visibility across their sea freight operations.

Transform Your Source to Pay to a New Level of Efficiency & Effectiveness

ProcurePort

Are you looking for the best practices that will improve the efficiency and effectiveness of your s2p services? The fastest way to do this is to transform your s2p process through digitalization.

How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist

ProcurePort

The risk will always be a part of our everyday lives. There’s no escaping it, honestly, but that doesn’t have to be a bad thing. In fact, the right risks, made with calculations and well-founded information, yield some of the best rewards.

What Is Supplier Performance Management? An SPM Guide

ProcurePort

Ever have that feeling where you just know something can be improved, but aren’t exactly sure how or what? That’s essentially the core of supplier performance management (spm). While that’s a relatively reduced example, the principle is mostly there.

What is Supplier Relationship Management (SRM)?

ProcurePort

There’s an old phrase that goes, ‘communication can’t be a one-way street.’ The saying applies to communication in all of its contexts really, from personal to professional or otherwise.

Demystifying Control Towers: What Drives Effectiveness?

Speaker: Mauro Gonzalez, Founder and CEO of Alkimius Group & Andrew MacMillen, Principal Analyst at Nucleus Research

There are several competing definitions of supply chain control towers. Here to demystify their meaning and what it takes to have a successful implementation is Principal Nucleus Research Analyst, Andrew MacMillen in conversation with Alkimius founder & CEO, Mauro Gonzalez.

What is Source to Pay (S2P)?

ProcurePort

So, what is s2p? Glad you asked. Source to pay is one of the core processes alongside procure-to-pay that procurement teams rely on to ensure raw materials and required services are available as and when needed.

Supplier Management Tools Every Organization Needs

ProcurePort

Are you wondering what some of the best supplier monitoring tools on the market today are? You’re in the right place. You see, enterprises work with numerous vendors and various other third parties on a daily basis.

5 Advantages of Using the Cloud for Contract Management

ProcurePort

The cloud has revolutionized procurement as we know it. CEO of Microsoft Satya Nadella says, “Everything is going to be connected to cloud and data…All of this will be mediated by software.” The future is here and cloud computing is a very big part of it.

Category Management vs Strategic Sourcing – Breaking Down the Differences

ProcurePort

When it comes to procurement efforts there is an entire library of information on tactics, strategies, and practices. There’s almost so much information that it’s difficult to sift through at times.

Webinar On-Demand: 3 Ways to Make Your Operational Execution More Robust With S&OE

Speaker: Sander van Lokven and N.S. Krishnan

S&OE provides an early warning system that helps business stakeholders sense and optimize their responses. This keeps the supply chain out of firefighting mode, smoothens relationships with customers and suppliers, and helps sustain margins by reducing the cost to serve.

The IT Supplier Management Process – A Look at IT Vendor Management

ProcurePort

IT, or information technology, is an essential department of every organization. Especially in today’s digital era, modern businesses need to invest in an IT vendor or create in-house solutions themselves. Oftentimes, though, businesses choose to outsource IT services and bring in external teams.

What is The Best E-Procurement System for SMEs?

ProcurePort

SMEs, or small-to-medium-sized enterprises, are an important aspect of the economy. While every nation has a slightly different approach to their categorization and classification, they retain global significance for a variety of reasons. One of those reasons is simply due to numbers.

The Complete Procure-to-Pay Cycle

ProcurePort

What is procure-to-pay (P2P) and how does it affect your procurement campaigns? What is the role of a procure-to-pay portal in the P2P cycle?

Supplier Management in Procurement – Its Benefits, Process, & Best Practices

ProcurePort

Besides your customers, your suppliers might be the next most important group of people with which your organization regularly interacts. This is because, without your suppliers and vendors, your products and services simply don’t get made.

Leading Advertising and Analytics Company Outperforms With a Graph Database

Xandr, a division of AT&T, has built an identity graph that connects information on people, households, and more. The company is using this graph to provide advertisers an ability to deliver commercials more successfully than ever before. Learn more.