Purchasing and Supply Chain Management in 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.

How Digitized Procure-to-Pay Benefits You


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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What is a Source to Pay Process? Your Procurement Guide


A source to pay process, or S2P, is a more comprehensive and robust version of a procure-to-pay process.

Sourcing vs Procurement: Covering the Pros and Cons


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.

Webinar on Demand: Resilient Supply Chain Network Design

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.

Contract Manager Responsibilities to the Procurement Team


Each team member of the procurement department is going to have a specific role in the procurement process.

Purchase Requisition Policies and Procedures Explained


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.

Procurement Automation and Why Looking Beyond the Technology is the Key to Success


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.

Your 5-Step Procurement Spend Analysis Template


Conducting a spend analysis of your company spend is a crucial step in reducing cost in your organization.

Procurement Process Automation in Business is Projected to Be On the Rise


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.

The Best Sales Forecasting Models for Weathering Your Goals

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!

The Purchase to Pay Process Flow in Procurement


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 Announces the Release of SpendPilot ™, Further Expanding Spend Data Analysis


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.

Your e-Auction Process as an Essential Step in Procurement


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.

What is Procure to Pay? Your Procurement Guide


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.

Why Smoking Costs Employers More Than They Realize

Your employees are smoking, and at a cost of $7,000 per year for each employee who smokes, that adds up - fast! This free report will show you how an effective cessation program pays for itself.

The Procurement Process As an Effective System


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.

Supplier Performance Can Directly Relate to Company Success


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.

3 Contract Management Security Risks to Prioritize


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.

Barriers to digital procurement: What is stopping companies from doing just the basics?


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.

Supply Chain Planning Maturity – How Do You Compare to Peers?

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!

Making a Case for ProcurePort


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.

What is e-Procurement? Your Procurement Guide


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?

RFQ Software As A Stepping Stone To Procurement Automation


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.

Strategic Sourcing Solutions are Transforming Procurement


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.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

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.

Indirect Procurement Can Help Overcome Team Challenges


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.

5 Procure to Pay Risks Procurement Teams Could Miss


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.

The Key Difference Between Reverse Auction and Bidding


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.

3 Best RFP Automation Software Tips


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.

Supply Chain Resilience in the Face of Uncertainty

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.

7 Purchase Requisition Best Practices For Effective Procurement


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.

Poor Indirect Spend Analysis Consequences to Avoid


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.

Types of Reverse Auction Procurement Teams Should Be Familiar With


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.

Procurement Developments to Look For in 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.

New Planning Maturity Assessment

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!

Paying Attention to Tail-End Spend Management


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.