ProcurePort

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.

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

ProcurePort

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.

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What is e-Procurement? Your Procurement Guide

ProcurePort

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

ProcurePort

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.

Point-of-Danger ICE Raids and Audits

Speaker: Max Muller, Attorney and Author

Supply chain managers should constantly be on guard against forces that could cause a significant point-of-failure in or to their supply chains. The sudden loss of a workforce is an evolving danger to those who provide raw materials, subassemblies, finished goods, and/or necessary services to supply chains; and to entities requiring those items or services. Join Max Muller for this timely, fast-paced and guidance rich webinar that will educate you on the specific steps involved in undertaking your own internal audit, as well as providing you with guidance on what your major and/or sole source suppliers should do as well.

Strategic Sourcing Solutions are Transforming Procurement

ProcurePort

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.

5 Procure to Pay Risks Procurement Teams Could Miss

ProcurePort

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

ProcurePort

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

ProcurePort

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.

7 Purchase Requisition Best Practices For Effective Procurement

ProcurePort

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.

How is Demand Forecasting changing? How do you compare to your peers?

AIMMS conducted research to assess how supply chain teams perceive the accuracy of their forecast and discover the tools and techniques they are using to upgrade the forecasting process. In this report, you will find helpful benchmarks and insights offered by your peers on the latest demand forecasting techniques, forecast granularity and periodicity, and expectations for the future.

Poor Indirect Spend Analysis Consequences to Avoid

ProcurePort

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

ProcurePort

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

ProcurePort

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.

Paying Attention to Tail-End Spend Management

ProcurePort

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.

5 Perceptions on Demand Forecasting and How it's Changing

Speaker: Brian Dooley, Director SC Navigator, AIMMS

It’s no secret that demand is getting more difficult to predict. Is your demand forecasting process evolving with the times? How does your process stack up against others? Are you satisfied with your level of forecast accuracy? This webinar shares research findings from a recent survey among supply chain planning professionals to help you answer these questions.

Best Contract Management Software for 2020

ProcurePort

The best contract management software for 2020 requires an easy-to-use cloud-hosted contract management software that provides you with simple and secure ways of managing your contracts. This takes away the risks usually associated with poorly executed contracts.

5 Spend Analysis Best Practices

ProcurePort

Spend analysis is a vital part of business operations that is aimed at reducing procurement costs. You can cut procurement costs by collecting and analyzing expenditure data and using that data to identify opportunities to improve cost efficiency throughout the procurement process.

The Best Practices of Purchase Requisitions in 2019

ProcurePort

Employing best practices in purchase requisitions will enable your business to streamline order and stock management, improve vendor-buyer relationship, operate more cheaply, prevent fraud and improve the speed at which your firm operates.

E-marketplace: Choosing Custom Solutions for Building Your Brand

ProcurePort

People gathering to buy and sell goods was the very foundation of the first cities and civilization as we know it today. However, going to the marketplace was a logistic endeavor. It meant leaving the area of production and traveling distances.

Top 5 Barriers to Supply Chain Network Design Adoption and How to Overcome Them

Speaker: Brian Dooley, Director SC Navigator, AIMMS, and Paul van Nierop, Supply Chain Planning Specialist, AIMMS

Want to build your internal capability, reduce costs and make better decisions? It's easier than you think. This on-demand webinar shares research findings from Supply Chain Insights, including the top 5 obstacles that bog you down when trying to improve your network design efforts.

How Reverse Auction Services Avoid Procurement Hiccups

ProcurePort

What is a Reverse Auction? Reverse auction services are occasions, whereby the buyer and the sellers play an exchanged role. Here, the buyer puts up a price, and the sellers offer their services and products. The lowest price gets the auction.

Getting The Most From Your E-Sourcing Software

ProcurePort

What Is E-Sourcing? E-sourcing software is essentially a secure, web-based tool created by procurement professionals and entrepreneurs alike to assist procurement businesses around the globe.

Managing Supplier Bids with e-Tendering Software

ProcurePort

In the complex, fast-paced global market of the modern world, it pays to use software to lighten the load. Here is what professionals should know about managing supplier bids with e-Tendering software and how it can improve operational efficiency.

Getting the Right Eyes on your Reverse Auction

ProcurePort

Ensuring you are able to get the right eyes on your reverse auction services will be crucial for you to develop and maintain lasting relationships with suppliers and vendors.

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Buyer's Guide for Supply Chain Network Design Software

Network design as a discipline is complex and too many businesses are still relying on spreadsheets to design and optimize their supply chain. As a result, most organizations struggle to answer network design questions or test hypotheses in weeks, when results are demanded in hours. This Buyer’s Guide helps you find easy-to-use technology to become more proactive and less reactive when it comes to network design and optimization.

What to Expect from Cutting-Edge RFQ-RFP-RFI Software

ProcurePort

Technology is redesigning business landscapes as we know them across the board. Businesses that fail to adapt to instant market changes and fluctuations will not cope with operating how they originally have been in the new competitive climate.

The Cracks in Typical Contract Management Protocol

ProcurePort

No matter what size your business is, what industry you operate in and which region, there are a few things everyone has in common: in order to get started, each business operates from a foundation of contracts.

Procure-to-Pay is a Blessing for e-Procurement

ProcurePort

In recent times there has been an increased awareness and focus on implementing and using procure-to-pay software within businesses. Top-level executives are always researching new ways to reduce costs and improve organization standards.

The ROI of Big Data in Spend Analysis

ProcurePort

Spend Analysis and Spend management play a critical part in the procurement process. When you begin the conversation about the return on investment (ROI) of these softwares, things can quickly become complicated.

The 2018 Supply Chain Software Buyer's Guide

Learn which supply chain applications are the best for your organization.

How to Pinpoint a Good Procurement e-Sourcing Software

ProcurePort

Procurement is an inevitable process for all businesses. To grow, expand, and optimize your business operations, you obtain various goods and services from external suppliers that benefit you.

RFQ, RFP, and RFI: When Do You Use Them?

ProcurePort

If you work within the vendor side of B2B business, then you are sure to be accustomed to receiving RFP’s or, “request for proposals” from potential clients interested in your products and services.

5 Cost-Saving Features of Purchase Requisition Software

ProcurePort

Having a robust purchase requisition software solution is crucial for maintaining and growing your business profit. If you want to ensure your company’s core message and bottom line are well-established, procurement software needs to become a priority.

How RFx Software Makes Procurement Easier

ProcurePort

Today’s business technology landscape is advancing at a rapid rate. Businesses now have the technology available to them to automate large portions of repetitive tasks, streamline operations, and supercharge employee output.

Leveraging Supply Chain Data for Competitive Advantage

What does it mean to become a digital business or digital supply chain?