Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up.

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Ivalua Paints a Great Procurement Picture at Ivalua NOW Chicago 2019

ivalua

The event was themed on “The Art of Procurement” relating to how the further procurement leaders mature in their transformations, the more their approach shifts from science to art. Just building great Procurement solutions that customers clearly love (in 2018 once again maintaining the industry’s highest retention rate, over 98%). The most eye-catching statistic of the event came from Duncan regarding procurement’s self-assessed v.

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Download white paper. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement. Integrated Procurement and Payment Systems Simplify the Process. Logistics Procurement Supply Chain Trends

The Five Worst Practices in Procurement

The GEP white paper lists 5 common mistakes that impede the success of procurement professionals. Learn from industry veteran Bill Huber about the wrong and right ways to approach a procurement mandate and why just saving money isn’t enough. Download this report now to learn how to avoid the worst procurement practices.

Ivalua Study: Tech Challenges Hinder Procurement

ivalua

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. 31 March, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. Download the full study here.

Study 100

How to Procure Full Truckloads in Tight Capacity

Cerasis

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Download eBook. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper. 10 LTL Procurement Cost Cutting Tips. How do you better negotiate pricing with your LTL carriers for more effective LTL procurement?

Solving the Procurement Data Dilemma: The future of technology in Procurement

HICX Solutions

In the final interview in our series on ‘ Solving the Procurement Data Dilemma ,’ Gren Manuel speaks to Nic Walden. Nic leads the procurement executive advisory programme in the UK for consultancy The Hackett Group. Technology to drive Procurement as a strategic function.

50th Symposium Procurement and Logistics

Supply Chain Movement

50 th Symposium Procurement and Logistics. More than 2,200 decision-makers from procurement, SCM and logistics. >> Download the brochure. >> Events 5oth symposium procurement and logistics Berlin BME buyers Germany hans-dietrich genscher helmut schmidt interconintal logistics logistics experts ProcurementDate: 11-13 November, 2015. Location: InterContinental, Berlin (Germany). Organisation: BME Verband. URL: www.bme.de/en/all-events-en/50th-symposium-purchasing-and-logistics/.

Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

ivalua

29 th August 2019, London – Research from Ivalua , a leading provider of global spend management cloud solutions , has shown that Procurement, supply chain and finance professionals are spending almost a third (31%) of their time dealing with inefficient paper-based or manual Procurement processes, which is costing UK businesses on average £1.94m annually* and limiting Procurement teams’ ability to deliver more strategic value. Ivalua is the Procurement empowerment platform.

EPE – European Procurement Excellence 2016

Supply Chain Movement

EPE – European Procurement Excellence. Providing procurement value in a complex world. In a world in which procurement is emerging as the key value driver for maintaining a company‘s competitive edge, the role of CPO is becoming more strategic. Procurement leaders are continuously developing strategies to deal with these challenges. Be part of our procurement and supply chain community! Date: 22 June, 2016.

Solving the Procurement Data Dilemma: The future of technology in Procurement

HICX Solutions

In the final interview in our series on ‘ Solving the Procurement Data Dilemma ,’ Gren Manuel speaks to Nic Walden. Nic leads the procurement executive advisory programme in the UK for consultancy The Hackett Group. Technology to drive Procurement as a strategic function.

The 3 Pillars of Digital Procurement!

Supply Chain Game Changer

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Recently I had the pleasure of attending EBG Network’s 8th Annual Source to Pay Summit, which gathered some of the Nordic’s largest organizations and procurement profiles. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement. Subscribe Here!

3rd CEE Procurement & Supply Forum

Supply Chain Movement

3rd CEE Procurement & Supply Forum. How to effectively identify and benefit from these potentials will be the main focus of the 3rd CEE Procurement & Supply Forum. In addition to several workshops and presentations which focus, among other topics, on legal aspects, market overview, commodities and best practices in CEE, procurement professionals and suppliers will get the opportunity to network and to discover new potentials during a supplier-buyer-matchmaking.

Unleash the Power of AI to Unlock the Potential of Procurement Enterprise

Jaggaer

Now, as companies start to seek, and create competitive advantages, the procurement function is in the spotlight. Typically, resistant to change and reliant on manual methods, procurement departments tend to be slow when adapt ing to technological developments. Download It Now.

Logistics & SCM, PLM, Manufacturing, and Procurement 2016

Supply Chain Movement

Logistics & SCM, PLM, Manufacturing, and Procurement 2016. URL: sapinsiderevents.wispubs.com/2016/Vienna/SCM-PLM-MFG-Procurement-CRM/. Logistics & SCM, PLM, Manufacturing, and Procurement 2016, sponsored by SAP, is the most important educational event of the year for organizations using SCM, PLM, manufacturing, and procurement solutions to fortify their business operations and infrastructure with proven methodologies and measurable, value-driven results.

SCM 60

Why Agile Procurement is Essential for CPOs in 2020

Jaggaer

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. While digitalization has dramatically increased procurement performance over the last decade, the function is beginning to approach a plateau. “We’re way that procurement organizations are?organizing

5 steps Financial Impact White Paper Download

Claritum

Claritum Article - Procurement Blog. The post 5 steps Financial Impact White Paper Download appeared first on Claritum. Invoicing

Solving the Procurement Data Dilemma: How to use procurement data to avoid failure and fraud

HICX Solutions

As Peter explains about the link to Procurement, “It’s not surprising because that’s where money flows. Don’t forget to download your full copy to read more.

Data 52

Solving the Procurement Data Dilemma: How to use procurement data to avoid failure and fraud

HICX Solutions

As Peter explains about the link to Procurement, “It’s not surprising because that’s where money flows. Don’t forget to download your full copy to read more.

Data 52

The Divergent Procurement World

Claritum

Claritum Article - Procurement Blog. The purchase of goods and services can be split into two primary procurement domains: The Strategic Core purchases that enable an organisation to produce their product or service (called Strategic Spend by many organisations). The non-strategic products and services that need to be procured for individuals to carry out their job function. These domains, by their very nature, cause a divergence within Procurement.

Eyvo included in CapGemini Invent Annual Procurement Report

Eyvo

We are proud to be included in this year’s Procurement Research Survey from Capgemini Invent. Download the report directly from them here. E-Procurement Software

Artificial Intelligence to Improve Decision-Making in Procurement

Jaggaer

Our recently published report, “ Digital Transformation in Procurement: How Close Are We? ”, which is based on a global survey with responses from 391 CPOs and other senior procurement decision makers, showed that most progress had been made with the automation of supplier management, procure-to-pay and spend management processes. Strategically, a digital assistant simplifies strategy development and execution within the procurement function. Download it here now.

5 Steps to Procurement Best Practice

Claritum

How can you achieve procurement best practice in your organization? These frequently ordered low value goods and services are seen to be too small to be managed by procurement experts. The aim is to make procurement of goods and services as simple as possible. For procurement.

Digitized Procurement: Your Setting-off Point to Autonomy

Jaggaer

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype. Over the coming months, we will identify and describe the four levels of development stages on the road to autonomous procurement.

What Does Augmented Analytics Mean for Procurement?

Jaggaer

And that, of course, includes procurement professionals. So, let’s examine Gartner’s words in more detail, but from the specific perspective of procurement. As is well known, procurement generates massive volumes of data. In the past, if a procurement professional wanted to run a query against data to determine what might happen in future (e.g. An obstacle to more rapid progress is the lack of relevant skills in many procurement organizations.

Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. Procurement at the pivot point. Clear steps to sustainable procurement.

Key Points for You to Consider in the TMS Procurement Process

TMC

Common supply chain challenges that lead to a TMS purchase include procurement and transportation operations living as two separate functions, lack of visibility to freight movement, and limited control of freight from inbound suppliers. Procuring a TMS starts with an investigative process. Additionally, companies that take a top-down, proactive approach to procurement versus one that’s bottom-up and reactive will experience a more efficient, productive process.

Key Points for You to Consider in the TMS Procurement Process

TMC

Common supply chain challenges that lead to a TMS purchase include procurement and transportation operations living as two separate functions, lack of visibility to freight movement, and limited control of freight from inbound suppliers. Procuring a TMS starts with an investigative process. Additionally, companies that take a top-down, proactive approach to procurement versus one that’s bottom-up and reactive will experience a more efficient, productive process.

The Global Procurement & Supply Chain Management for Oil And Gas Industry 2016

Supply Chain Movement

The Global Procurement & Supply Chain Management for Oil And Gas Industry 2016. SCM and Procurement teams will need to build internal supply planning capabilities, create higher value and efficiency, and out- source to third parties at a reasonable cost to help consolidate their position within the business. Date: 11-12 April, 2016. Venue: Intercontinental Berlin, Germany. Organizer: Magvoy Energy – MagVoyages ltd. Url: [link].

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. New demands on Procurement. Procurement for resilience, not just cost.

Data 52

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. New demands on Procurement. Procurement for resilience, not just cost.

Data 52

Future of Procurement Study Available

Supply Chain View from the Field

I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. You can download the full report at this link. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction. These early insights dating back to the early roots of procurement evoke a situation that is still not uncommon to what we see today.

Study 60

How Banks Can Improve Transparency in Procurement for Better Compliance

Jaggaer

Procurement in Banking also faces unique challenges due to the tough regulatory compliance environment that sets limits on how Banks can achieve goals like cutting costs. The bank’s Chief Procurement Officer may want to change vendor. Procurement’s Role in the Banking Industry. Since the financial crash of 2008, procurement has taken on an increasingly important role in the sector for another reason: strategic suppliers all present various kinds of risk to the bank.