Remove Agile and Lean Supply Chain Remove Blog Remove supply chain budgeting
article thumbnail

Enterprise Spend Analysis: How to Reduce Cost and Risk

ivalua

This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. Contract Spend Analysis: Tracks spend against contract terms to uncover leakage, ensure value realization, and reduce cost inefficiencies.

article thumbnail

Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

The global supply chain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Developing Analytical Skills Data analysis is at the heart of effective supply chain management.

article thumbnail

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals. Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,

article thumbnail

Is Your Supply Chain Recession Proof? A Guide for Building a Resilient Supply Chain

SCMDOJO

Supply chains are particularly vulnerable during recessions. Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. Consequently, it is imperative to develop a recession-proof supply chain to make them more resilient and adaptable.

article thumbnail

Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Find Out More What Is Procurement?

article thumbnail

How Supply Chain Innovation Propels Startups to Unicorn Status!

Supply Chain Game Changer

While flashy consumer-facing products like social apps garner much attention, innovation in less glamorous areas like supply chain management is equally responsible for propelling startups to unicorn status. Leveraging emerging technologies gives startups supply chain advantages that legacy players cannot match.