What Are the Benefits of Procurement Software?


Procurement software has opened the door wide for transformation to take place within organizations bringing about automation, improved spend visibility, and spend control. The benefits have been numerous and ramifications felt along the supply chain.

5 Critical Supply Chain Risk Mitigation Principles for Sourcing


Are you thinking of developing a new sourcing risk management plan? Wondering how to better mitigate supply chain risk when sourcing? Or just keen to explore some of the best risk management practices Chief Procurement Officers (CPOs) can adopt?


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Digital Sourcing: Digital Solutions for Procurement


How has technology impacted procurement and sourcing in the supply chain? Technology has revolutionized every industry and procurement is no exception.

Benefits of Category Management in Supply Chain


During the COVID-19 pandemic, global and domestic supply chains were stressed harder than ever, illuminating the unexpected fragility of our economic supply chains.

New Supply Chain Design Software Benefits Calculator

Curious how much can you potentially save by optimizing your supply chain network? Our benefits calculator helps you find out.

6 Benefits of Supplier Performance Management


Today’s supply chains are robust, global, and dynamic. Companies are relying more and more on third-party suppliers on the other side of the world for critical raw elements and materials.

Why Procurement and Supply Chain are Smarter Together


There is a tad bit of skepticism about the amalgamation of procurement and supply chain management. You see, the hesitation comes over how procurement and supply chains can merge.

How COVID-19 is Reshaping the Pharmaceutical Supply Chain


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


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.

What is Direct Sourcing in Recruiting?


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.

Going to Market Smarter in the New Economy

The fight to find new customers and retain existing ones is the biggest business challenge for many companies. Technology will continue to play a part in fostering buyer allegiance and building brands in the “new normal.” In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

Reporting and Analytics – How Effective Are They in Procurement?


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.

The Role of E-Procurement in Supply Chain Management


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.

Procurement and Supply Chain Management: What’s the Difference?


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.

5 Types of Supplier Management Tools That Make Life Easier


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.

The Forrester Wave™: B2B Marketing Data Providers, Q2 2021

In our 24-criterion evaluation of B2B marketing data providers, we identified the 11 most significant vendors — Data Axle, Dun & Bradstreet, Enlyft, Global Database, InsideView, Leadspace, Oracle, SMARTe, Spiceworks Ziff Davis, TechTarget, and ZoomInfo Technologies — and researched, analyzed, and scored them. This report shows how each provider measures up and helps B2B marketing professionals select the right one for their needs.

Agile Procurement: What It Is and How to Implement


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


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


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.

5 Tips When Using Inventory Management Software


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.

Supply Chain Network Design: The Ultimate Use Cases eBook

Explore the most common use cases for network design and optimization software. This eBook shares how supply chain leaders leverage their supply chain design software to tackle a variety of challenges and questions.

RFQ Meaning: Understanding a Request for Quote Procedure


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


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


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. 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

4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data. Read on to learn the four AI hacks sales teams need to improve their performance. Download the eBook today!

What Is the Procure-to-Pay Process In SAP?


Procure-to-Pay is the full cycle that a business goes through when they need to obtain goods or services from a supplier. The cycle describes what steps need to be taken to complete the procurement process and to finalize payment.

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What is the Difference Between Strategic Sourcing and Contracts?


What is contract sourcing? Well, sourcing and contracts go hand-in-hand. You can’t have one without the other. They are two separate parts of the procurement process and they each have their own distinguishing features.

The Role Procurement Teams Play in Contract Management


Procurement today is supposed to be a management function within an organization, directly supporting the strategic goals of the organization. However, this is yet to be achieved in most organizations. In most cases, contract management is left to the legal department team members.

Procure to Pay: Business Process Map


There are many steps involved in an advanced, comprehensive, and sophisticated procurement department. Furthermore, the larger the organization, the more involved and intricate the procurement process or lifecycle is likely going to be.

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.

Four Key Areas for Digital Transformation in Procurement


To date, 89% of businesses in the United States have adopted a digital-first enterprise strategy. And according to Tech Pro Research, 70% of businesses already have a digital transformation strategy in place or are drafting one.

What is a Supplier Portal?


Is there a cost-effective way to effectively manage a supplier database? Procurement teams are always on the hunt for resources that allow them to streamline the vendor management process. That’s why in the world of e-Procurement, one tool that is exceedingly appreciated is the supplier portal.

7 Benefits of Procure-to-Pay System


Procurement technology comes in many different shapes and forms. However, the main goal of most procurement technology is to create efficiency throughout the entire lifecycle of a procurement activity or contract.

Category Management Tactics and Execution


No matter who is playing, a chess match is played one move at a time. However, the greats, the grandmasters and prodigy’s, they all play these matches far, far more quickly than that.

How to Overcome the Pain Points of Your CRM

CRM software is a powerful tool when used correctly, yet another obstacle to a sales team’s efficiency when it’s not. Leveraging research and commentary from industry analysts, this eBook explores how your sales team can get back valuable time by overcoming some pain points with your CRM, such as low adoption rates, integrations, and data quality.