Expert insights. Personalized for you.
I had the opportunity to attend a number of exciting events on procurement analytics in the last month. First, I attended a CAPS Research event in RTP on Procurement Analytics, held right down the road at IBM headquarters. I sat in on a number of demos, and saw the capabilities emerging in a number of IBM systems for procurement that are briefly described here. MORE
Methods for Managing Procurement Risks. There is always some level of risk when it comes to contract management in procurement. There are many risks in all stages of the supply chain, of which procurement is only a portion. Identifying these risks before they become a problem can help you seamlessly work your way through the procurement process more safely. What Is Contract Management in Procurement? . M ethods for Managing Procurement Risks: Evaluating Risk. MORE
Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. Procurement is a process and one link in the chain of the supply chain. Procurement is one step in that process. Procurement involves finding the suppliers, signing contracts, placing purchase orders, receiving the goods, and evaluating the experience after receiving the goods. MORE
Should you invest time in a demo if you are considering a new procurement tool or platform? What are the pros and cons of demos? Typically, a minimal investment of time Most providers can schedule one within a week Quickly determine if the functionality is intuitive or cumbersome Answers you hear to your questions should provide a good indication of the competence of the demonstrator and their understanding of procurement. MORE
What Are the Goals of Procurement Management? The goals of procurement management are generally to acquire goods and services with the highest quality at the lowest cost to create an end product. Globally, most purchasing departments have moved on from a paper trail and have decided to make their procurement processes digital, which means that they now must be able to navigate E-procurement software and eSourcing software with some intermediate ability. MORE
What Is Procurement Management? If you’ve asked yourself, “ what is procurement management ?” What Is Procurement Management? Before the age of the Internet or competent computer software that could streamline the process, the entire process of procurement management was all done on paper, in person, and with filing cabinets. Then spreadsheets came along, which was the beginning of procurement software. . What Is Procurement Management: The Steps. MORE
While some still argue the point and there is some commentary in the S2C Wave about niche solutions being pulled in when non-procurement stakeholders are involved, the overall message is clear – suites have prevailed. Procurement leaders today see the value of suites and the market has responded. As a result, procurement leaders naturally consider integration capabilities when selecting their providers. Alex Saric, CMO, Ivalua. MORE
As procurement faces an ever-growing list of objectives, digital transformation becomes ever more critical. No surprise then that there is hardly a procurement organization out there that has not started or is now contemplating digital transformation. The first is a drastically exaggerated sense of progress among procurement leaders. Others demo well with nice demos showing integrated workflow. Alex Saric, CMO, Ivalua. MORE
Claritum Article - Procurement Blog. Procurement automation should speed up processes and free employees from repetitive time-consuming administration. In procurement a high percentage of jobs and processes are repetitive which makes them ideal for automation. So how can you automate procurement effectively? Get started by defining your procurement process. Solutions designed to automate the Procurement function only will not suffice. BOOK A DEMO. MORE
When it comes to AI in procurement, it can help by automating manual tasks, but there’s very little “real AI,” as Spend Matters states. In procurement, AI has the potential to solve a lot of real problems. If you’re only using AI at the basic level for your procurement needs, you’re missing out on all the valuable benefits that a solution with advanced AI can deliver. One example of basic-level AI in procurement is chatbots. Procurement The Tech MORE
This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. 1.Investing in Procure-to-Pay solutions is seeing the bigger picture. Procure to Pay Uncategorized MORE
The solution demos are weak, and the leadership vision is lacking. Coupa is well funded and performed well in the indirect procurement software market. Technology innovation in indirect procurement is not relevant to direct. Today, supply chain excellence matters more than ever. MORE
What are the key elements of a sourcing and procurement process plan? Creating a sourcing and procurement plan. Three essential steps to creating a sourcing and procurement plan. The typical sourcing and procurement process plan involves a series of steps. In this step, the user (internal customer) identifies the need and communicates the service or product requirements to the procurement services function. MORE
Shipsy’s rate procurement software comes powered with intelligence around local charges, intelligent reference rates and multiple dashboards around cost saving and vendor participation. Help us with your details “here” and get a demo of our system now! MORE
When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations. MORE
In addition, almost every procurement executive listed adoption and collaboration as important challenges. Transformation can only happen with collaboration and adoption between business units and procurement. Here is a list of some of the challenges facing procurement teams in their transformation journey. Historical data exists only if procurement keeps the records because there is no common data set. Procurement took the lead to find a nimbler solution. MORE
Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. Next month, on May 5 th and 6 th , I’m looking forward to what looks like an interesting and worthwhile virtual Procurement conference – Ivalua NOW 2020 Virtual Edition. . Do you remember the days when we used to attend these things called “conferences”? MORE
Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Procurement Software Solutions: What Is Procurement Software? Blog Procurement MORE
In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Procurement was tasked with supporting a board level initiative to accelerate innovation and increase margins. Leaders need to be more ambitious if they are to truly establish Procurement as a source of strategic value. The same applies to Procurement. The post Establishing Procurement as a Competitive Advantage appeared first on Ivalua. MORE
Interested in Oracle Procurement Cloud? Oracle Procurement Cloud can reduce costs through better negotiations, bid analysis and award recommendations. Interested in Oracle Procurement Cloud? Oracle Procurement Cloud can reduce costs through better negotiations, bid analysis and award recommendations. Join Inspirage for an educational webinar on Thursday, 2/25 and discover how to reduce costs, manage risk and improve decisions. Register here ! MORE
Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Procurement Tracking Software and Management Software: What Is Procurement Software? Procurement Tracking Softwar e: What Does Tracking Do? MORE
Ethics in Procurement Management. Ethics in procurement management is important, particularly because of your relationship with suppliers and vendors, typically to finish a job or a project. There can be many ethical issues in procurement management that arise, but one of them is always dealing with your vendors and suppliers fairly and honestly, and never giving one preference over the other or treating them in a biased fashion. . Unethical Situations in Procurement. MORE
Learn the differences, and how to speed up the success of your procurement processes through agile implementation in our Get Smart webinar. As work is completed, it can be reviewed and evaluated by the project team and customer, through daily builds and end-of-sprint demos. With this in mind, JAGGAER has come up with a unique solution to bring all the benefits of agile to procurement without these risks. Direct Solutions Indirect Solutions Procurement Resources MORE
For those in procurement management, this may refer to several different types of tools and software, especially those that help with price compression like eAuction software procurement or those that streamline processes and compress timelines like eSourcing software. . MORE
At one time, all of the procurement process steps were essentially an “analog” process—in other words, everything was done on typewriters or by hand and filed in cabinets. Read on to take a look at procurement management software and how it can work best for you. . MORE
Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management? MORE
With Bristlecone AribaRDS (Rapid Deployment Solution), mid-market businesses can transform global sourcing, gain visibility, reduce cycle times and start achieving procurement savings with SAP Ariba Sourcing in as little as six weeks with minimal downtime. Interested in a demo? Blog Datasheet sap ariba SAP-QPPS Supply Chain Procurement supply chain transformationTransform Global Sourcing in Just Six Weeks with Bristlecone AribaRDS. MORE
In this post, I’d like to suggest a mapping of a digital procurement ecosystem, dive into the necessity for these functionalities, and draw some conclusions as to how these focus areas can drive performance in an overall procurement organization. When building a digital procurement and sourcing ecosystem, it’s important to dig into your existing procurement process. The Digital Procurement Ecosystem. Building your own Digital Procurement Ecosystem. MORE
Procurement Manager Responsibilities and Tasks. A procurement manager is also known as a purchasing manager and even the head of the purchasing department. If it’s a company that is responsible for making a product or good, the procurement manager must make sure that the company has on hand all of the raw materials, goods, and services that they need—at a cost-effective price—to make the good on time and with high quality. . Methods for Managing Procurement Risks. MORE
At one time, all of the steps for procurement management were completed by hand. When a procurement software platform was available, it was just a spreadsheet as part of an overall word processing package. Today, there are many types of procurement software, and in order to find the best procurement software for your company, you’ll have to find the area (or areas) you need help in the most. . The Best Procurement Software : What Is Procurement Software? MORE
Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. It’s important that procurement teams take into account the new risk reality and challenges that face them, their organizations and their value chains. MORE
2nd consecutive year award given to Ivalua P2P Solutions, continuing widespread recognition of Ivalua Procurement technology by industry leaders and analysts. The awards were announced on November 5 at a virtual ceremony hosted by Procurement Leaders. MORE
Help us with your details “here” and get a demo of our system now! Logistic Post Uncategorized Container Tracking software Freight procurement softwareShipsy TRACK solution is designed to automate the day to day tracking of container movements. Our integrations with 40+ shipping lines enables you to get 35+ status updates in real time across all shipments. The platform is now enabled to add shipments and send updates through APIs! MORE
Do you know why everyone hates technology solution product demos? The Collaborator recently asked members of the UltraShipTMS product demo delivery team about how they’ve driven successful product demos for their Transportation Management System and related logistics software solutions. “So So many demos fail because presenters focus strictly on their product and fail to listen to the voice of the customer” said Manny Martinez, a member of the demo delivery team. “We MORE
If you’re in the market for a real-time visibility tool, download a complimentary copy of Gartner’s 2020 Market Guide for Real-Time Transportation Visibility Platforms to learn more about available solutions, vendors, and trends and let us give you a demo of Navisphere Vision today! Request a demo here or email info@mytmc.com. Logistics Managed Procurement Services (MPS) Supply Chain Technology TMS Gartner Gartner Visability Manage TMS Supply Chain Visibility MORE
ivalua
OCTOBER 22, 2020
This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. 1.Investing in Procure-to-Pay solutions is seeing the bigger picture. Procure to Pay Uncategorized
ivalua
NOVEMBER 26, 2019
In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Procurement was tasked with supporting a board level initiative to accelerate innovation and increase margins. Leaders need to be more ambitious if they are to truly establish Procurement as a source of strategic value. The same applies to Procurement. The post Establishing Procurement as a Competitive Advantage appeared first on Ivalua.
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ivalua
DECEMBER 3, 2020
The post Procure to Pay (P2P) Demo appeared first on Ivalua
Supply Chain Collaborator
OCTOBER 9, 2015
Do you know why everyone hates technology solution product demos? The Collaborator recently asked members of the UltraShipTMS product demo delivery team about how they’ve driven successful product demos for their Transportation Management System and related logistics software solutions. “So So many demos fail because presenters focus strictly on their product and fail to listen to the voice of the customer” said Manny Martinez, a member of the demo delivery team. “We
EC Sourcing Group
JULY 28, 2020
Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management?
EC Sourcing Group
DECEMBER 29, 2020
Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Procurement Software Solutions: What Is Procurement Software? Blog Procurement
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EC Sourcing Group
JUNE 10, 2020
Methods for Managing Procurement Risks. There is always some level of risk when it comes to contract management in procurement. There are many risks in all stages of the supply chain, of which procurement is only a portion. Identifying these risks before they become a problem can help you seamlessly work your way through the procurement process more safely. What Is Contract Management in Procurement? . M ethods for Managing Procurement Risks: Evaluating Risk.
EC Sourcing Group
JUNE 17, 2020
Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. Procurement is a process and one link in the chain of the supply chain. Procurement is one step in that process. Procurement involves finding the suppliers, signing contracts, placing purchase orders, receiving the goods, and evaluating the experience after receiving the goods.
EC Sourcing Group
MAY 28, 2020
What Are the Goals of Procurement Management? The goals of procurement management are generally to acquire goods and services with the highest quality at the lowest cost to create an end product. Globally, most purchasing departments have moved on from a paper trail and have decided to make their procurement processes digital, which means that they now must be able to navigate E-procurement software and eSourcing software with some intermediate ability.
EC Sourcing Group
NOVEMBER 17, 2020
When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations.
Supply Chain Game Changer
NOVEMBER 7, 2019
In this post, I’d like to suggest a mapping of a digital procurement ecosystem, dive into the necessity for these functionalities, and draw some conclusions as to how these focus areas can drive performance in an overall procurement organization. When building a digital procurement and sourcing ecosystem, it’s important to dig into your existing procurement process. The Digital Procurement Ecosystem. Building your own Digital Procurement Ecosystem.
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EC Sourcing Group
FEBRUARY 18, 2019
Should you invest time in a demo if you are considering a new procurement tool or platform? What are the pros and cons of demos? Typically, a minimal investment of time Most providers can schedule one within a week Quickly determine if the functionality is intuitive or cumbersome Answers you hear to your questions should provide a good indication of the competence of the demonstrator and their understanding of procurement.
ivalua
APRIL 23, 2020
Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. Next month, on May 5 th and 6 th , I’m looking forward to what looks like an interesting and worthwhile virtual Procurement conference – Ivalua NOW 2020 Virtual Edition. . Do you remember the days when we used to attend these things called “conferences”?
Arkieva
JANUARY 13, 2017
What are the key elements of a sourcing and procurement process plan? Creating a sourcing and procurement plan. Three essential steps to creating a sourcing and procurement plan. The typical sourcing and procurement process plan involves a series of steps. In this step, the user (internal customer) identifies the need and communicates the service or product requirements to the procurement services function.
NC State SCRC
OCTOBER 21, 2016
I had the opportunity to attend a number of exciting events on procurement analytics in the last month. First, I attended a CAPS Research event in RTP on Procurement Analytics, held right down the road at IBM headquarters. I sat in on a number of demos, and saw the capabilities emerging in a number of IBM systems for procurement that are briefly described here.
ivalua
NOVEMBER 10, 2020
2nd consecutive year award given to Ivalua P2P Solutions, continuing widespread recognition of Ivalua Procurement technology by industry leaders and analysts. The awards were announced on November 5 at a virtual ceremony hosted by Procurement Leaders.
EC Sourcing Group
AUGUST 11, 2020
At one time, all of the procurement process steps were essentially an “analog” process—in other words, everything was done on typewriters or by hand and filed in cabinets. Read on to take a look at procurement management software and how it can work best for you. .
EC Sourcing Group
SEPTEMBER 15, 2020
Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Procurement Tracking Software and Management Software: What Is Procurement Software? Procurement Tracking Softwar e: What Does Tracking Do?
EC Sourcing Group
JUNE 30, 2020
Ethics in Procurement Management. Ethics in procurement management is important, particularly because of your relationship with suppliers and vendors, typically to finish a job or a project. There can be many ethical issues in procurement management that arise, but one of them is always dealing with your vendors and suppliers fairly and honestly, and never giving one preference over the other or treating them in a biased fashion. . Unethical Situations in Procurement.
EC Sourcing Group
OCTOBER 6, 2020
At one time, all of the steps for procurement management were completed by hand. When a procurement software platform was available, it was just a spreadsheet as part of an overall word processing package. Today, there are many types of procurement software, and in order to find the best procurement software for your company, you’ll have to find the area (or areas) you need help in the most. . The Best Procurement Software : What Is Procurement Software?
EC Sourcing Group
MAY 21, 2020
What Is Procurement Management? If you’ve asked yourself, “ what is procurement management ?” What Is Procurement Management? Before the age of the Internet or competent computer software that could streamline the process, the entire process of procurement management was all done on paper, in person, and with filing cabinets. Then spreadsheets came along, which was the beginning of procurement software. . What Is Procurement Management: The Steps.
Supply Chain Shaman
NOVEMBER 11, 2020
The solution demos are weak, and the leadership vision is lacking. Coupa is well funded and performed well in the indirect procurement software market. Technology innovation in indirect procurement is not relevant to direct. Today, supply chain excellence matters more than ever.
EC Sourcing Group
JULY 14, 2020
Procurement Manager Responsibilities and Tasks. A procurement manager is also known as a purchasing manager and even the head of the purchasing department. If it’s a company that is responsible for making a product or good, the procurement manager must make sure that the company has on hand all of the raw materials, goods, and services that they need—at a cost-effective price—to make the good on time and with high quality. . Methods for Managing Procurement Risks.
Oracle SCM
FEBRUARY 19, 2016
Interested in Oracle Procurement Cloud? Oracle Procurement Cloud can reduce costs through better negotiations, bid analysis and award recommendations. Interested in Oracle Procurement Cloud? Oracle Procurement Cloud can reduce costs through better negotiations, bid analysis and award recommendations. Join Inspirage for an educational webinar on Thursday, 2/25 and discover how to reduce costs, manage risk and improve decisions. Register here !
Jaggaer
OCTOBER 15, 2019
Learn the differences, and how to speed up the success of your procurement processes through agile implementation in our Get Smart webinar. As work is completed, it can be reviewed and evaluated by the project team and customer, through daily builds and end-of-sprint demos. With this in mind, JAGGAER has come up with a unique solution to bring all the benefits of agile to procurement without these risks. Direct Solutions Indirect Solutions Procurement Resources
Bristlecone
MARCH 13, 2020
With Bristlecone AribaRDS (Rapid Deployment Solution), mid-market businesses can transform global sourcing, gain visibility, reduce cycle times and start achieving procurement savings with SAP Ariba Sourcing in as little as six weeks with minimal downtime. Interested in a demo? Blog Datasheet sap ariba SAP-QPPS Supply Chain Procurement supply chain transformationTransform Global Sourcing in Just Six Weeks with Bristlecone AribaRDS.
ivalua
MAY 7, 2019
As procurement faces an ever-growing list of objectives, digital transformation becomes ever more critical. No surprise then that there is hardly a procurement organization out there that has not started or is now contemplating digital transformation. The first is a drastically exaggerated sense of progress among procurement leaders. Others demo well with nice demos showing integrated workflow. Alex Saric, CMO, Ivalua.
CH Robinson Logistics
MARCH 12, 2020
If you’re in the market for a real-time visibility tool, download a complimentary copy of Gartner’s 2020 Market Guide for Real-Time Transportation Visibility Platforms to learn more about available solutions, vendors, and trends and let us give you a demo of Navisphere Vision today! Request a demo here or email info@mytmc.com. Logistics Managed Procurement Services (MPS) Supply Chain Technology TMS Gartner Gartner Visability Manage TMS Supply Chain Visibility
Xeeva
NOVEMBER 6, 2018
When it comes to AI in procurement, it can help by automating manual tasks, but there’s very little “real AI,” as Spend Matters states. In procurement, AI has the potential to solve a lot of real problems. If you’re only using AI at the basic level for your procurement needs, you’re missing out on all the valuable benefits that a solution with advanced AI can deliver. One example of basic-level AI in procurement is chatbots. Procurement The Tech
EC Sourcing Group
OCTOBER 23, 2018
In addition, almost every procurement executive listed adoption and collaboration as important challenges. Transformation can only happen with collaboration and adoption between business units and procurement. Here is a list of some of the challenges facing procurement teams in their transformation journey. Historical data exists only if procurement keeps the records because there is no common data set. Procurement took the lead to find a nimbler solution.
Shipsy
JANUARY 16, 2020
Shipsy’s rate procurement software comes powered with intelligence around local charges, intelligent reference rates and multiple dashboards around cost saving and vendor participation. Help us with your details “here” and get a demo of our system now!
Claritum
MAY 20, 2019
Claritum Article - Procurement Blog. Procurement automation should speed up processes and free employees from repetitive time-consuming administration. In procurement a high percentage of jobs and processes are repetitive which makes them ideal for automation. So how can you automate procurement effectively? Get started by defining your procurement process. Solutions designed to automate the Procurement function only will not suffice. BOOK A DEMO.
Shipsy
JANUARY 30, 2020
Help us with your details “here” and get a demo of our system now! Logistic Post Uncategorized Container Tracking software Freight procurement softwareShipsy TRACK solution is designed to automate the day to day tracking of container movements. Our integrations with 40+ shipping lines enables you to get 35+ status updates in real time across all shipments. The platform is now enabled to add shipments and send updates through APIs!
ivalua
MAY 6, 2020
While some still argue the point and there is some commentary in the S2C Wave about niche solutions being pulled in when non-procurement stakeholders are involved, the overall message is clear – suites have prevailed. Procurement leaders today see the value of suites and the market has responded. As a result, procurement leaders naturally consider integration capabilities when selecting their providers. Alex Saric, CMO, Ivalua.
EC Sourcing Group
JULY 21, 2020
For those in procurement management, this may refer to several different types of tools and software, especially those that help with price compression like eAuction software procurement or those that streamline processes and compress timelines like eSourcing software. .
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