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

ProcurePort

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.

Making a Case for ProcurePort

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.

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!

The Purchase Requisition and Purchase Order Process in Procurement

ProcurePort

Chances are your organization, no matter its size, uses a purchase requisition and purchase order process to manage spending in some form. The purchase requisition and purchase order process in procurement, being digitized and automated, can provide your business with a number of key benefits. This will become especially clear when it is time to […]. The post The Purchase Requisition and Purchase Order Process in Procurement appeared first on ProcurePort Blog. Purchase Requisition

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.

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.

Indirect Procurement Can Help Overcome Team Challenges

ProcurePort

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

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.

Coronavirus and Your Supply Chain

Speaker: Rob Handfield, PhD, Bank of America University Distinguished Professor of Supply Chain Management at NC State University

Join this informative webinar with Rob Handfield, Bank of America University Distinguished Professor of Supply Chain Management at NC State University, who will go over how the Coronavirus has impacted supply chains, as well as discussing approaches for preparing your supply chain for future outbreaks of major global disruptions. The world is becoming a riskier place, and it is important to plan for disasters ahead of time.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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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.

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.

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.

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.

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.