Supply meets demand: New sourcing automation solution targets ocean freight procurement

Manufacturing & Logistics IT

Global provider of Intelligent Sourcing Automation, Keelvar, has launched its new AI-powered ocean freight sourcing automation solution

Understanding the Impact of Good Financial Management for Procurement

Procurement Academy

The key to successful procurement operations is having superb financial management. Indeed, spending is the primary action in procurement, and a misalignment in your finances can easily impact your procurement plans and disrupt your access to the supply chain.

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Global Brewer Taps Chainalytics to Optimise Transport Logistics Procurement

CHAINalytics

Because of stellar international growth, one of the world’s largest brewers was working with a complex and costly procurement process that begged for serious efficiency improvements.

PROCUREMENT TRENDS 2021

Eyvo

What awaits the procurement industry in 2021? It goes without saying that procurement will have a different and more refined approach in the coming year. While countries are slightly opening their doors, it is crucial that procurement makes changes that prepare them for what is coming.

The Digital Levers You Need to Achieve Sustainable Cost Reduction

For supply chain and procurement pros, cost reduction is is a top priority today. This timely new paper from GEP explores powerful and effective digital levers that can help you to slash costs and create more value for the business. Read it now.

Know Your Supply Chain KPIs – Procurement

Logistics Bureau

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. 7 Procurement KPIs You Should be Using. Other Supply Chain KPIs Procurement Teams Should Track.

Top 16 Procurement KPIs – The Ultimate Guide

SCMDOJO

Nowadays, no one could deny that, businesses today expect procurement teams to drive value beyond cost savings. As a consequence, procurement leaders are constantly looking for ways in order to enhance their procurement process and make it more sustainable. Procurement.

Optimizing Direct Procurement and the Inbound Supply Chain

The Network Effect

The post Optimizing Direct Procurement and the Inbound Supply Chain appeared first on The Network Effect. Inbound Supply Supply Chain Management inbound logistics inbound supply procurement

Two Types of Procurement: Project Based and Operational!

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. Project-Based Procurement.

Event Review: Procurement & Supply Chain LIVE

All Things Supply Chain

On 27th-28th April 2022 I had the opportunity to attend Procurement & Supply Chain LIVE, an event hosted by BizClick Media Group.

8 Reasons Why Your Supply Chain Needs a Low-Code/No-Code Digital Platform

Low-code/no-code is a powerful innovation in software development that’s already redefining what’s possible with digital supply chain and procurement platforms. Read this whitepaper from TechTarget and GEP to see how it can benefit your enterprise.

People in Manufacturing: Procurement

QAD

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. The post People in Manufacturing: Procurement appeared first on QAD Blog.

Top 10 Challenges in IT Procurement!

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement is a process that involves obtaining and accepting terms and getting goods or services from an outside source. In other words, procurement is deciding to buy under conditions of less availability. Subscribe Here!

Tightening the Alignment between Procurement and Corporate Leaders 

ivalua

Tightening the Alignment between Procurement and Corporate Leaders . Using procurement as a catalyst for change . The Digital Procurement Survey results established that Procurement’s priorities have shifted due in a post-COVID-19 world. Procurement Priorities.

5 Procurement Trends to Prepare For

TRADOGRAM - Gabriel Swain

Technological progress and generational shifts are causing major transformations in procurement. Learn five procurement trends to watch for

Trends 187

GEP Outlook 2022

The GEP Outlook 2022 report explores global business trends and features seven critical leadership themes that will help you proactively prepare for and power through the challenges ahead.

What Is a Procurement Strategy? 8 Steps to Develop One

ProcurePort

• What is procurement strategy? Procurement is a hinge operation in most organizations. In order to tap into all the benefits of procurement, however, it’s imperative to have a good procurement strategy. • But what is procurement […]. Procurement News

Procurement Software and Solutions

EC Sourcing Group

The process of procurement has significantly advanced in recent decades, mainly due to the internet and cloud-based applications that can help streamline the process. Why Are Procurement Software and Solutions Important? Procurement Software and Solutions: eSourcing vs. eProcurement.

Procurement Software and Solutions

EC Sourcing Group

The process of procurement has significantly advanced in recent decades, mainly due to the internet and cloud-based applications that can help streamline the process. Why Are Procurement Software and Solutions Important? Procurement Software and Solutions: eSourcing vs. eProcurement.

A Quick Guide to Roles in Procurement

Logistics Bureau

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division.

A 5-Point Strategy for Digital Procurement Transformation

Today, your entire supply chain must embrace change and accelerate digitalization. When it comes to procurement, focusing on digital transformation now can dramatically reduce costs, improve visibility and insight, and give you a significant competitive advantage.

What’s the Difference Between Direct vs Indirect Procurement?

ivalua

What does Procurement mean? However, this is somewhat of an oversimplification of what the modern, best in class procurement organizations do for the larger business or organization. Procurement can and should be a significant value generator for the larger organization.

Which supply chain and procurement skills will best equip us for the future?

Procurement Academy

For those of us working in the field of supply chain and procurement education, it’s an open secret. But the same is most emphatically not true of supply chain and procurement. The post Which supply chain and procurement skills will best equip us for the future?

Understanding the Impact of Good Finance Management on Procurement

Procurement Academy

The key to successful procurement operations is having superb financial management. Indeed, spending is the primary action in procurement, and a misalignment in your finances can easily impact your procurement plans and disrupt your access to the supply chain.

Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. Getting a Job in Procurement.

Is Digital Procurement Transformation Delivering on the Promise?

Is your digital transformation working, or is it still a work in progress? Download this report, from a GEP-sponsored survey from ISM, to check your performance and see how your peers are reaching their transformation goals.

Transportation Procurement: Finding an Alternative

Talking Logistics

Many companies are getting ready for (or perhaps have already completed) their annual transportation procurement engagement. But has the time come to transform the transportation procurement process? Read more Transportation Procurement: Finding an Alternative.

Freight Procurement in a Pandemic: Preparing for the Bid

CHAINalytics

And, what should you do about those COVID-related swings in your historical … The post Freight Procurement in a Pandemic: Preparing for the Bid appeared first on Chainalytics.

Why Supply Chain Managers & Procurement Should Collaborate

GlobalTranz

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement?

Solving The Procurement Data Dilemma

HICX Solutions

For this research report, Raconteur, partnering with HICX, focused on speaking to senior procurement professionals at leading multinational companies. Whitepapers Solving the Procurement Data Dilemma

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.

MANAGING RISK IN PROCUREMENT EFFECTIVELY

Eyvo

How to effectively manage risk in procurement? Risk management in procurement. However, in procurement, the last thing you want is a risk. That’s why managing risk in procurement is essential. Manual handling of procurement processes. E-Procurement Software

PwC and the Role of Procurement in Supply Chain Optimization

ivalua

Digital supply chains use one integrated network for all relevant supply chain partners, including procurement, suppliers, service providers, and even customers. The post PwC and the Role of Procurement in Supply Chain Optimization appeared first on Ivalua. Procurement

Artificial intelligence for sales and procurement planning: fundamental success criteria

All Things Supply Chain

I am often asked whether Artificial Intelligence can help to achieve better sales forecasts and procurement planning.

Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Teams also need to to mitigate supply chain risk by prioritizing digital transformation and adopting procurement technology. #4.

Procurement: 5 Tips to Deliver Value Beyond Savings

Now is the time for procurement teams to redefine themselves – from buyers to strategic partners across the supply chain. Take the first step today. Discover five tips for delivering procurement value beyond savings.