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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

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Wake Up AP, Before it’s Too Late! E-invoicing Mandate | France 2024

ivalua

E-invoicing Mandate | France 2024 Ivalua Spend Management Insights [ivory-search] Wake Up AP, Before it’s Too Late! The AP team moves from invoicing to supplier expectation management, becoming an embedded Finance team. Instant invoice approval, no supplier inquiries, and no exceptions.

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Elements of a Diversified Procurement Strategy

Una

Focusing on sustainability and partnering with a GPO can lead to greater cost reduction and better spend management, as well. Negotiate better contract terms with suppliers One of the most impactful ways to drive immediate savings is to renegotiate pricing and other contractual terms with suppliers.

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What Does Finance Think of Procurement?

Arkestro

We’ll break them down into two groups: efficiency and ROI. Efficiency Both CFOs and CPOs prioritize efficient spending down to the last dollar. Here are just a few of the metrics CFOs look at when examining procurement process efficiency: Cost of Purchase Order: What are the internal costs associated with each purchase?

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How to Implement a Strategic Sourcing Process

Una

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

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4 Predictions on Procurement’s Top Trends in 2023

Arkestro

Among them were supply chain disruptions , inflation, and supply scarcity and shortages. Companies Will Scale Their Procurement Knowledge Base and Enablement Programs To Attract and Retain A New Profile of Category Management Talent. The Supply Chain Will Continue to Heal.

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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Coordinating and working together in a transparent manner is crucial for achieving success.