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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. MORE
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. MORE
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. MORE
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. 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
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. MORE
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. 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. 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 MORE
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. MORE
The procurement process is all about creating reliable, resilient, and sturdy supply chains, while improving time, efficiency, and savings. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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? MORE
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. MORE
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. MORE
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. MORE
Here’s a question for you: Do you know the difference between procurement and supply chain management? We ask because the terms are so often misused. The better you understand the role of each of these practices, the more effectively you can communicate with stakeholders along the value chain. MORE
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. MORE
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. MORE
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. MORE
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. MORE
“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. MORE
52 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. MORE
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. MORE
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. MORE
Building an agile supplier relationship is nearly impossible without the right management strategy. Robust supplier relationship management strategies can make a big difference. MORE
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. MORE
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. MORE
ProcurePort
APRIL 29, 2021
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.
ProcurePort
APRIL 20, 2021
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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ProcurePort
APRIL 7, 2021
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.
ProcurePort
MARCH 31, 2021
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.
Advertiser: GEP
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!
ProcurePort
MARCH 16, 2021
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.
ProcurePort
FEBRUARY 4, 2021
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.
ProcurePort
FEBRUARY 3, 2021
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.
ProcurePort
DECEMBER 30, 2020
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.
ProcurePort
AUGUST 31, 2020
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.
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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.
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ProcurePort
AUGUST 19, 2020
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.
ProcurePort
JULY 28, 2020
The procurement process is all about creating reliable, resilient, and sturdy supply chains, while improving time, efficiency, and savings.
ProcurePort
JULY 16, 2020
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.
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.
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How are organizations performing on inventory optimization? How can new technologies help your team improve? Find out in this new research report.
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. 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
ProcurePort
MAY 6, 2021
“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.
ProcurePort
MAY 5, 2021
Building an agile supplier relationship is nearly impossible without the right management strategy. Robust supplier relationship management strategies can make a big difference.
ProcurePort
MAY 4, 2021
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.
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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.
ProcurePort
APRIL 28, 2021
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.
ProcurePort
MARCH 23, 2021
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.
ProcurePort
APRIL 27, 2021
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.
ProcurePort
APRIL 22, 2021
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.
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.
ProcurePort
APRIL 21, 2021
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.
ProcurePort
APRIL 15, 2021
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.
ProcurePort
APRIL 14, 2021
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.
ProcurePort
APRIL 13, 2021
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.
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.
ProcurePort
APRIL 8, 2021
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.
ProcurePort
APRIL 6, 2021
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.
ProcurePort
APRIL 1, 2021
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?
ProcurePort
MARCH 30, 2021
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.
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