EC Sourcing Group

JANUARY 19, 2023

S pend analysis in procurement is a longstanding concept, however, implementation can be difficult without the proper tools. Over the years, implementing this kind of analysis has become more accessible than ever with the advent of robust procurement tools and software.

Analysis 52

Analysis Procurement Solutions Analytics Software Logistics Network Optimization Software 52

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

EC Sourcing Group

JUNE 14, 2022

Spend analysis in procurement has always been an imperative, playing a vital role both in procurement management and the supply chain. Spend analysis technology” and “ spend analysis software” are parallel terms, and automates the entire spending analysis system. Full Visibility with a Spend Analysis.

Analysis 52

Analysis Forecasting Software Vendor Strategies Analytics Software 52

Jaggaer

JUNE 11, 2020

With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. Spend analysis is a piece of the much larger field of spend management.

Optimal Sourcing 52

Optimal Sourcing Analysis Sourcing Strategies Price Reduction 52

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Fortunately, the report shows that procurement is putting actions behind words.

Optimal Sourcing 130

Optimal Sourcing Study Procurement Supply Chain Planning Software 130

ivalua

MARCH 28, 2019

As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.

Procurement 167

Procurement Modeling Software Supply Chain Software Predictive Analytics Software 167

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Supply Chain Shaman

DECEMBER 15, 2022

If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. To respond, follow this link.

Manufacturing Procurement 397

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 397

Proxima

JULY 27, 2023

The Government’s initial analysis in 2021 was broadly correct: Russia remains the biggest danger to UK security, with China remaining a looming threat. Resilience can be applied to defence procurement and supply chain, but this requires a unique and holistic approach. So, what does the report tell us?

Analysis 52

Analysis Ukraine Agile and Lean Supply Chain Optimal Sourcing 52

Procurement Academy

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning.

Buyer Training 52

Buyer Training Purchasing Training Negotiating Skills Optimal Sourcing 52

EC Sourcing Group

SEPTEMBER 7, 2021

Spend Analysis in Supply Chain Management. The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management. Read on to learn how.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

Procurement Academy

JUNE 30, 2022

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. While professionals have superior technology and analytics on their side, the challenges associated with procurement in a high inflation environment remain the same – and so do the solutions.

Procurement Analytics 95

Procurement Analytics Procurement Solutions Procurement Purchasing Skills 95

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 98

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 98

Supply Chain Shaman

NOVEMBER 9, 2023

In this traditional definition of a supply chain model, I define a good plan as: A positive Forecast Value Added (FVA) analysis/output for the forecast with minimal bias. (I And, there is no translation of planned orders for manufacturing into aggregate procurement. I do not define it by error.) So, is it really end-to-end?

Optimal Sourcing 379

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 379

ivalua

OCTOBER 24, 2022

Under Pressure, Will Procurement Take Performance Higher in 2023? . Procurement and supply chain teams have been trying to hold the line against macroeconomic and global market forces that have been pushing hard against them for nearly three years. Procurement and supply chain teams are under constant pressure. “Our

Optimal Sourcing 100

Optimal Sourcing Procurement Resource Reduction Negotiating Skills 100

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Software Negotiating Skills Predictive Analytics Software 130

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Sourcing Strategies 264

Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Incentivize procurement w/performance goals & KPIs that encourage supplier collaboration to drive meaningful changes in behavior.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Resource Reduction 130

QAD

APRIL 7, 2022

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. But corporate procurement isn’t quite as simple as placing an order on Amazon or another web marketplace. Basic Responsibilities.

Manufacturing Procurement 93

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 93

ivalua

MARCH 5, 2020

Last week, round 40 Procurement leaders got together in the very pleasant surroundings of the Royal Lancaster Hotel in London to talk about collaboration, and to celebrate Ivalua’s increased presence in the UK. I was challenged in the questions about whether we can really move away from “savings” as perhaps the main objective for Procurement.

Optimal Sourcing 130

Optimal Sourcing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 130

Procurement Academy

JANUARY 22, 2021

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. and how you can do it. Avoid Common Problems.

Negotiating Skills 105

Negotiating Skills Optimal Sourcing Procurement Buyer Training 105

Proxima

SEPTEMBER 12, 2023

And what for procurement teams? Procurement will need to understand all the ways that AI could transform how attorneys manage their work and what challenges AI could create for legal suppliers that need to be considered. This helps ensure that all contracts meet applicable laws and regulations. Inaccurate reporting outputs.

Procurement 59

Procurement Predictive Analytics Software Supply Chain Planning Software Modeling Software 59

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Streamlining Procurement Processes: Proper spend classification ensures a structured approach to eSourcing activities.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

QAD

JUNE 29, 2021

In their list of common nightmare scenarios to try to prepare for, few procurement leaders could have predicted the business disruptions of 2020. QAD Adaptive ERP addresses issues procurement teams face involving supply and sourcing decisions, supplier quality, and the means to improve integrated supplier activities.

Optimal Sourcing 92

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Prescriptive Analytics Software 92

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

Logistics Bureau

AUGUST 2, 2021

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. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs. Supplier Lead Time.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? All this functionality helps save costs, choose the best vendors, ensure compliance, appraise supplier risk, and streamline procure-to-pay cycle.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Optimal Sourcing 95

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 95

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. Coupa’s BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers. The idea of community was there from the beginning.”

Procurement Solutions 220

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 220

EC Sourcing Group

JANUARY 4, 2022

Before the Internet, procurement was a tedious process. eSourcing in procurement leads to further procurement optimization. eSourcing in procurement leads to further procurement optimization. Read on to learn about the benefits of procurement software and having a procurement spend analysis dashboard.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Analytics Software Optimization Software 52

EC Sourcing Group

JANUARY 4, 2022

Before the Internet, procurement was a tedious process. eSourcing in procurement leads to further procurement optimization. eSourcing in procurement leads to further procurement optimization. Read on to learn about the benefits of procurement software and having a procurement spend analysis dashboard.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Analytics Software Optimization Software 52

Supply Chain Game Changer

OCTOBER 28, 2021

Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions.

Optimal Sourcing 89

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 89

EC Sourcing Group

JULY 20, 2023

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Cost Optimization : Commodity prices in the energy sector can be highly volatile.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. The situation changes with a larger number of suppliers.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Logistics Bureau

FEBRUARY 15, 2021

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. The first part, where you are doing research into the industry, that’s procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Purchasing Skills Negotiate Pricing 98