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Procurement takes an array of different forms, and each form has a distinct impact on the organization. For example, sourcing materials for manufacturing your products is one form of procurement while sourcing goods and services for internal use is another. MORE
20% of a company’s spend that goes unmanaged is what is referred to as tail-end spend. This percentage is gathered from 80% of non-strategic suppliers to such a company. MORE
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. MORE
No matter what business your company engages in, maintaining suitable suppliers is key to success. If you have suppliers performing poorly, your business is likely to yield poor results and vice versa. MORE
Originally, buyers and sellers had to meet in person for an auction sale to take place. Today, technological advancements have changed the procurement process via e-auction, or electronic auction. MORE
Recently, there have been changes regarding how companies interact with their customers and business partners alike. In the same vein, the era of manual sourcing is eclipsing, while automated procurement solutions are evolving as a result of digital transformation. MORE
ProcurePort announces the launch of SpendPilot ™, a fully automated Spend Analysis Software that allows large organizations to cleanse, categorize and run analytics on their organizational spend. Accurate and comprehensive spend data is crucial in improving spend management. MORE
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. MORE
What is Indirect Spend Analysis? Spend on goods and services that are outside the manufacturing process or your company’s product itself is regarded as indirect. MORE
Purchase requisition best practices give you a complete insight into how procurement processes cut down on expenses incurred by the company. It also ensures that the company gets the best value for the money spent. MORE
Procure to pay has to do with getting goods and supplies from suppliers or manufacturers and paying for them. As a company, it is important to run a procure to pay system if you are concerned about managing cash flow, making profits and doing business with reputable suppliers. MORE
Let’s look at the size of companies that are digitally transforming and those that aren’t — and let’s examine some of the barriers to digital procurement that leave businesses stuck with time-consuming and risky workflows. MORE
2019 has brought us many interesting developments in procurement. However, 2020 is already showing the potential for even more significant advances. Here is what you need to know about procurement news in 2020 and what you should expect from the industry in the New Year. MORE
The procurement process is a critical aspect that every delivery-based business should prioritize. For such a business to be up and running, they would need to acquire goods from various suppliers in a timely fashion. MORE
We all know that the procurement business can be tough, and one of the toughest parts of it is recognizing the biggest security risks in contract management. Vendor contracts are a top priority for anyone in procurement. MORE
There are a number of ways in which you can optimize your request for proposal (RFP) experience. For many people, the path to business starts with an RFP; concrete proof that a company is interested in your product or service. MORE
As a company engages in business, it is essential to make buying decisions – one of the basic functions of procurement. Procurement has various subdivisions that are important to ensure a complete process, one of which is the procure to pay process. MORE
Did you know that 80% of the transactions in a typical American procurement department are tail spend? Father of Modern Management, Peter Drucker once said, “You can’t manage what you don’t measure.” MORE
52 Each team member of the procurement department is going to have a specific role in the procurement process. MORE
52 
We are in a very different and exciting time in the procurement industry. Unlike year’s past, where there were limited avenues through which a practitioner and service provider could come together, in today’s social media world access to anything and everything is virtually unlimited. MORE
A source to pay process, or S2P, is a more comprehensive and robust version of a procure-to-pay process. MORE
The ability to swiftly and accurately obtain necessary materials for any given business, product, or service is essential. This assists in establishing effective and efficient operations within an organization. MORE
52 
The RFQ process is an incredibly important part of the procurement process. Without it, businesses would struggle to understand what certain goods and services may cost before an RFP has been issued, which in turn gives businesses a greater understanding of the total costs they are likely to face. MORE
Procuring supplies is one of the most vital functions in business. Finding the right suppliers and, of course, the right prices is of utmost importance to a firm’s success. e-Procurement is the way of the future – here’s what you need to know about it. What Is e-Procurement? MORE
When it comes to securing inventory there are two main approaches that companies can take. The first is known as sourcing – which is mainly applied to direct goods inventory. The second is procurement, which is more aligned with indirect inventory supplies. MORE
There are many elements to be aware of as a procurement team. Understanding each and every step in the process is integral to building a successful, comprehensive, and efficient procurement process. MORE
Reverse auctions can bring huge success to your business if they are executed correctly with a well-defined e-Sourcing process. According to the U.S. Defense Logistics Agency, reverse auctions were able to save around $1.6 billion in a single year. MORE
The procurement sector can be challenging, confusing, and bewildering given the rapid and unrelenting pace of industry progress in today’s global market. Utilizing the types of reverse auction teams understand and excel in is crucial in market success these days. MORE
Procurement is essential as long as there is a need to source for goods and services. Over the years, procurement has undergone a series of changes that have further improved the participation between both suppliers and businesses. MORE
ProcurePort invited Procurement Insights industry thought-leader Jon Hansen to share his thoughts on automating procurement. Here is what he had to say: There remains a significant gap between the Haves and Have nots in the procurement space. MORE
Conducting a spend analysis of your company spend is a crucial step in reducing cost in your organization. MORE
ProcurePort
JULY 2, 2020
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.
ProcurePort
OCTOBER 10, 2019
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.
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ProcurePort
JUNE 10, 2020
A source to pay process, or S2P, is a more comprehensive and robust version of a procure-to-pay process.
ProcurePort
JUNE 30, 2020
When it comes to securing inventory there are two main approaches that companies can take. The first is known as sourcing – which is mainly applied to direct goods inventory. The second is procurement, which is more aligned with indirect inventory supplies.
Speaker: Bhomik Jain, Paul van Nierop & Aanand Pandey
Companies around the world are struggling to cope with COVID-19 disruption. Are supply chain networks resilient enough to weather the storm? Watch this webinar to learn about our research findings in the realm of network design and optimization, and uncover the capabilities you need to build resilience and agility.
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ProcurePort
JUNE 24, 2020
Each team member of the procurement department is going to have a specific role in the procurement process.
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ProcurePort
JUNE 15, 2020
There are many elements to be aware of as a procurement team. Understanding each and every step in the process is integral to building a successful, comprehensive, and efficient procurement process.
ProcurePort
FEBRUARY 4, 2020
ProcurePort invited Procurement Insights industry thought-leader Jon Hansen to share his thoughts on automating procurement. Here is what he had to say: There remains a significant gap between the Haves and Have nots in the procurement space.
ProcurePort
MAY 27, 2020
Conducting a spend analysis of your company spend is a crucial step in reducing cost in your organization.
ProcurePort
MAY 11, 2020
Procurement is essential as long as there is a need to source for goods and services. Over the years, procurement has undergone a series of changes that have further improved the participation between both suppliers and businesses.
Advertiser: ZoomInfo
Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!
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ProcurePort
JUNE 3, 2020
The ability to swiftly and accurately obtain necessary materials for any given business, product, or service is essential. This assists in establishing effective and efficient operations within an organization.
ProcurePort
MAY 20, 2020
ProcurePort announces the launch of SpendPilot ™, a fully automated Spend Analysis Software that allows large organizations to cleanse, categorize and run analytics on their organizational spend. Accurate and comprehensive spend data is crucial in improving spend management.
ProcurePort
MAY 15, 2020
Originally, buyers and sellers had to meet in person for an auction sale to take place. Today, technological advancements have changed the procurement process via e-auction, or electronic auction.
ProcurePort
MAY 14, 2020
As a company engages in business, it is essential to make buying decisions – one of the basic functions of procurement. Procurement has various subdivisions that are important to ensure a complete process, one of which is the procure to pay process.
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ProcurePort
MAY 7, 2020
The procurement process is a critical aspect that every delivery-based business should prioritize. For such a business to be up and running, they would need to acquire goods from various suppliers in a timely fashion.
ProcurePort
APRIL 9, 2020
No matter what business your company engages in, maintaining suitable suppliers is key to success. If you have suppliers performing poorly, your business is likely to yield poor results and vice versa.
ProcurePort
APRIL 2, 2020
We all know that the procurement business can be tough, and one of the toughest parts of it is recognizing the biggest security risks in contract management. Vendor contracts are a top priority for anyone in procurement.
ProcurePort
MARCH 3, 2020
Let’s look at the size of companies that are digitally transforming and those that aren’t — and let’s examine some of the barriers to digital procurement that leave businesses stuck with time-consuming and risky workflows.
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Today's supply chains are networked, global ecosystems. An event upstream in a different country or region can cause considerable disruption downstream. The COVID-19 pandemic is an extreme example of how this unfolds in practice. How prepared are supply chain teams to react and recover, from a planning maturity stance? Download this report to get exclusive insights on planning maturity!
ProcurePort
FEBRUARY 26, 2020
We are in a very different and exciting time in the procurement industry. Unlike year’s past, where there were limited avenues through which a practitioner and service provider could come together, in today’s social media world access to anything and everything is virtually unlimited.
ProcurePort
FEBRUARY 12, 2020
Procuring supplies is one of the most vital functions in business. Finding the right suppliers and, of course, the right prices is of utmost importance to a firm’s success. e-Procurement is the way of the future – here’s what you need to know about it. What Is e-Procurement?
ProcurePort
JANUARY 30, 2020
The RFQ process is an incredibly important part of the procurement process. Without it, businesses would struggle to understand what certain goods and services may cost before an RFP has been issued, which in turn gives businesses a greater understanding of the total costs they are likely to face.
ProcurePort
JANUARY 29, 2020
Recently, there have been changes regarding how companies interact with their customers and business partners alike. In the same vein, the era of manual sourcing is eclipsing, while automated procurement solutions are evolving as a result of digital transformation.
Advertiser: ZoomInfo
Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.
ProcurePort
JANUARY 24, 2020
Procurement takes an array of different forms, and each form has a distinct impact on the organization. For example, sourcing materials for manufacturing your products is one form of procurement while sourcing goods and services for internal use is another.
ProcurePort
JANUARY 23, 2020
Procure to pay has to do with getting goods and supplies from suppliers or manufacturers and paying for them. As a company, it is important to run a procure to pay system if you are concerned about managing cash flow, making profits and doing business with reputable suppliers.
ProcurePort
JANUARY 22, 2020
Reverse auctions can bring huge success to your business if they are executed correctly with a well-defined e-Sourcing process. According to the U.S. Defense Logistics Agency, reverse auctions were able to save around $1.6 billion in a single year.
ProcurePort
JANUARY 21, 2020
There are a number of ways in which you can optimize your request for proposal (RFP) experience. For many people, the path to business starts with an RFP; concrete proof that a company is interested in your product or service.
Speaker: Aanand Pandey, Supply Chain Analyst & Consultant, AIMMS
This short video explains how scenario modeling can help you improve supply chain resilience and your ability to respond and recover quickly from disruptions. Looking at scenarios side by side provides valuable insights that makes it easier to evaluate impact on your operations, ability to service customers and margin, and the best options to restart supply when supply lanes reopen.
ProcurePort
JANUARY 20, 2020
Purchase requisition best practices give you a complete insight into how procurement processes cut down on expenses incurred by the company. It also ensures that the company gets the best value for the money spent.
ProcurePort
JANUARY 16, 2020
What is Indirect Spend Analysis? Spend on goods and services that are outside the manufacturing process or your company’s product itself is regarded as indirect.
ProcurePort
JANUARY 13, 2020
The procurement sector can be challenging, confusing, and bewildering given the rapid and unrelenting pace of industry progress in today’s global market. Utilizing the types of reverse auction teams understand and excel in is crucial in market success these days.
ProcurePort
JANUARY 9, 2020
2019 has brought us many interesting developments in procurement. However, 2020 is already showing the potential for even more significant advances. Here is what you need to know about procurement news in 2020 and what you should expect from the industry in the New Year.
Advertisement
In today's new supply chain paradigm, resilience and agility are key. Is your planning process fit enough to keep up with the pace of change? Is your tech stack helping or hindering your progress? Take AIMMS's new quiz to uncover learnings and benchmark yourself against peers!
ProcurePort
JANUARY 7, 2020
20% of a company’s spend that goes unmanaged is what is referred to as tail-end spend. This percentage is gathered from 80% of non-strategic suppliers to such a company.
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