Software Solutions To The Procurement Puzzle: Getting The Right Mix

HICX Solutions

Many have had to completely rethink the way they buy goods and services, which has lifted procurement as a theme up the organisational hierarchy. This is partly due to the vast amount of data that flows through procurement departments. All-in-one suite or bespoke procurement system?

Procurement can’t afford to be a digital laggard in today’s complex landscape

ivalua

Leading the charge in navigating this constantly shifting trading environment is the Procurement department. However, as things stand, many Procurement teams aren’t digitally mature enough to provide this input to the business. Smart Procurement can unlock a strategic advantage .

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Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

What does this mean for procurement and supplier management? Working collaboratively is often complex, involving internal stakeholders beyond the procurement function too, which highlights another critical success factor – the need for effective programme and project management.

WMS Software Procurement Lifecycle: How to Evaluate, Select, Implement, Modify, & Realize ROI

Veridian Solutions

The WMS software procurement lifecycle remains a challenge for many supply chain leaders. The Challenges of the WMS Software Procurement Lifecycle. Supply chain leaders will face challenges when beginning the WMS software procurement lifecycle.

Dealing with Unsupported Network Design Software? There’s a Silver Lining

AIMMS

It can be incredibly frustrating when the software you use to run your supply chain will become unsupported. Attempting to run your supply chain on unsupported software is like walking a tightrope without a net. Are you struggling with unsupported network design software for now?

Ivalua Study: Tech Challenges Hinder Procurement

ivalua

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. Key findings include: 97% of advanced procurement departments say procurement strategy is well aligned with overall business strategy versus only 14% of beginners. .

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How Procurement can help to drive Supplier-led innovation

ivalua

Procurement is essential for organisations looking to build relationships. To overcome these challenges, organisations need to invest in supplier collaboration and take a smarter approach to procurement so they can better-identify opportunities to collaborate.

Procurement Interview Questions & Answers

Supply Chain Game Changer

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Check out this list of 25 Procurement and Purchasing questions and answers. And you don’t need to purchase an expensive procurement technology suite to do so.

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.

A Procurement Resolution – Realize Your True Potential

ivalua

For Procurement leaders in particular there couldn’t be a better time to do so. A recent study by the Hackett Group found that only 63% of Procurement organizations have even developed a plan for digital transformation. Alex Saric, Chief Marketing Officer, Ivalua.

Spend Aggregation Obstacle Course for Procurement!

Supply Chain Game Changer

Procurement – How to Enable Spend Aggregation! . When you run a central Procurement organization you are trying to get the best deal for your company. Procurement people are proud professionals. As mentioned previously Procurement people are very proud.

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. Cloud-based P2P software platforms act […]. The post How Digitized Procure-to-Pay Benefits You appeared first on ProcurePort Blog. Procure-to-Pay

MACHINE LEARNING AND PROCUREMENT

Eyvo

MACHINE LEARNING AND PROCUREMENT. Importance of Machine Learning in Procurement. Procurement, on the other hand, has been famously known to increase efficiencies and time and cost savings. One of the most eminent aspects of procurement is managing supplier relationships.

How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

Shipsy

Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods. Logistic Post Uncategorized COVID-19 Digital Plathform Freight procurement Freight procurement software rate procurement

MACHINE LEARNING AND PROCUREMENT

Eyvo

MACHINE LEARNING AND PROCUREMENT. Importance of Machine Learning in Procurement. Procurement, on the other hand, has been famously known to increase efficiencies and time and cost savings. One of the most eminent aspects of procurement is managing supplier relationships.

Technologies that Impact Procurement

Claritum

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. Virtual Procurement Agents.

Procurement Bots – Transformer or Destroyer?

Supply Chain Game Changer

Check out What Exactly Is Procurement? The last few years have seen a lot of real (and over) hype associated with the emergence of Software Robots (called Bots/Bot) which are disrupting the legacy procurement processes involving human interface. Subscribe Here! Email Address.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

This process usually involves the application of mathematical modelling techniques using computer software. They also get the ability to do a comparison and quickly reconfigure the essential material needed to procure from various suppliers. Blog supply chain optimization software

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?”. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

This process usually involves the application of mathematical modeling techniques using computer software. They also get the ability to do a comparison and quickly reconfigure the essential material needed to procure from various suppliers. What is a Supply chain optimization software?

PROCUREMENT BEYOND SAVINGS

Eyvo

Many of us think of digital procurement as a way to reduce purchase costs and increase efficiencies. Another aspect of what makes digital procurement stand out is that of mitigating risk and increasing spend visibility. Talent Gap in Procurement. by Bhargavi Nake.

Carriers, You’re in the Information-Handling Business Too (Takeaways from McLeod Software User Conference 2015)

Talking Logistics

At the recent McLeod Software User Conference , however, I delivered a keynote address to over 1,000 attendees, and most of them were carriers and transportation service providers.

Artificial Intelligence to Improve Decision-Making in Procurement

Jaggaer

The Gartner research note published in September 2018, entitled “ The Impact of Artificial Intelligence on Procurement Software Applications ” argues that while the benefits of such automation are significant, they are not able to deliver sustainable competitive advantage.

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. 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.

Achieving Best-in-Class Procurement

ivalua

In my last post , I discussed how to successfully launch a digital Procurement transformation. Why do so many Procurement organizations struggle to make progress? In this post, I’ll look at the key challenges and how to accelerate your journey to best-in-class Procurement. .

Successfully Launching a Digital Procurement Transformation

ivalua

In an earlier post , I wrote about the importance and overall success factors involved in digitally transforming Procurement. The one tried and true approach is for Procurement leaders to build and sell the business case. Alex Saric, CMO, Ivalua.

Procurement & Supply Chain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!

ivalua

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.

Procurement – The Spend Aggregation Obstacle Course!

Supply Chain Game Changer

Check out What Exactly Is Procurement? When you run a central Procurement organization you are trying to get the best deal for your company. Procurement people are proud professionals. One of the key issues in having areas give your Procurement team spend control is expertise.

What is Procurement’s Place in the Value Chain?

Supply Chain Game Changer

Where does Procurement stand in your organization’s Value Chain? I speak with Procurement, Sourcing and Purchasing professionals every day, from various globally functioning organizations, and there’s a resounding similarity in every one of those conversations…. Procurement is?—?still?—?largely

Procurement: The Spend Aggregation Obstacle Course!

Supply Chain Game Changer

Check out Procurement – How to Enable Spend Aggregation! When you run a central Procurement organization you are trying to get the best deal for your company. Procurement people are proud professionals. As mentioned previously Procurement people are very proud.

The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read.

DISRUPTIVE TECHNOLOGIES IN PROCUREMENT – IS THE CHANGE COMING?

Eyvo

Digital procurement has been the talk of the town in the industry. As a result, companies should be ready for such disruptions in every aspect of procurement. The influence of disruptions in procurement can be seen in – better supplier relationships and effective management, strategic sourcing and better spend measurability. These technologies can potentially change the way procurement works. There are changes which are already happening in the procurement processes.

PROCUREMENT BEYOND SAVINGS

Eyvo

Many of us think of digital procurement as a way to reduce purchase costs and increase efficiencies. Another aspect of what makes digital procurement stand out is that of mitigating risk and increasing spend visibility. Technological infrastructure has been a blessing in disguise for the modern procurement world. This essentially means that digital procurement automates the entire Purchase to Pay (P2P) cycle making it easier for everyone in the organization.

Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

What is Logistics Management Software? Logistics Management Software is one that helps drive the logistics function of an organization by managing the actual flow of materials, goods, and services from the point of origin to the point of consumption.