Procurement Insights

JULY 9, 2025

Cost Reduction High HFS is associated with 5–15% annual cost savings in procurement and supply chain operations. These savings stem from reduced manual errors, improved spend analysis, better supplier negotiations, and streamlined workflows. Profit per employee and revenue per FTE also show measurable improvement.

Agile and Lean Supply Chain 80

Agile and Lean Supply Chain Supply Chain Efficiency Supplier negotiation Purchase orders 80

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. Businesses are moving and changing at an incredibly rapid pace, and supply chains are becoming increasingly complex.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Procurement team 130

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. Businesses are moving and changing at an incredibly rapid pace, and supply chains are becoming increasingly complex.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Procurement team 130

Spend Matters

JUNE 3, 2025

The US administrations announcement of reciprocal tariffs in early April sent a jolt through global supply chains. Another CPO pointed to the urgent internal push for greater transparency at the supplier-level mapping and for granular understanding of sub-tier suppliers, component origins and even HS-code-level exposure.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Real-time Visibility Supply Chain Efficiency Procurement 93

ivalua

JUNE 9, 2025

We’ve seen AI take over everyday tools and search engines; AI in Sourcing and Procurement is becoming a strategic tool in our kit, At Ivalua, we are helping global procurement teams integrate AI across the Source-to-Pay process, bringing automation, insight, and agility to every step.

Sourcing 130

Sourcing Procurement Real-time Visibility Procurement team 130

Procurement Insights

APRIL 8, 2025

MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supply chains. supplier delays, demand spikes). office supply replenishment).

Supply Chain Optimization 81

Supply Chain Optimization Procurement Supply Chain Efficiency Agile and Lean Supply Chain 81

HICX

JUNE 9, 2025

These may include processes related to: Supplier evaluation Supplier onboarding Performance tracking, Supplier risk management Contract analysis By automating repetitive tasks and analyzing large datasets, AI improves efficiency, reduces errors, and enhances decision-making. How AI can forecast demand in the supply chain?

Suppliers 40

Suppliers Supply Chain Efficiency Real-time Visibility Management 40

TYA Suite

JUNE 22, 2025

Procurement has become a strategic function in modern businesses, with growing pressure to manage costs, improve supplier performance, and drive operational efficiency. Efficient data management involves the collection, cleaning, integration, and storage of procurement data.

Procurement 40

Procurement Real-time Visibility Supply Chain Efficiency supply chain software solutions 40

TYA Suite

NOVEMBER 15, 2024

Having a solid risk management plan allows companies to anticipate problems before they escalate, ensuring that supply chains remain efficient and reliable. By monitoring suppliers regularly, businesses can detect issues early and respond proactively. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

Procurement Insights

JUNE 14, 2025

spend analysis, supplier negotiation), while humans provide oversight, strategic judgment, and ethical governance. Dynamic Role-Shifting: The model enables dynamic handoffs: AI agents process and flag issues at scale, but humans intervene for context-rich or ambiguous scenarios, ensuring both efficiency and relevance.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Stakeholder engagement Negotiation 52

Procurement Insights

MAY 10, 2025

It fills critical gaps in depth, agility, and contextual insight that most traditional analysts and association models overlook. In procurement, this might translate to better supplier negotiations or sourcing strategies, especially for tariffs. Tariff Mitigation and Risk Management: Hansens insights on supply chain risk (e.g.,

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Jaggaer

APRIL 9, 2025

Learn what each one does, how MRP II supports production efficiency and supplier coordination, and where traditional systems fall short without the right source-to-pay technology in place. By combining connected devices, automation, and advanced analytics, todays manufacturers are building faster, safer, and more agile operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Agile and Lean Supply Chain Raw materials 52

Procurement Insights

JUNE 27, 2025

anticipating supply chain disruptions by linking unrelated indicators). supplier negotiations, demand fluctuations). Agent-based agility to handle volatility, unlike Gartner’s static “completeness of vision.” Predictive capabilities (e.g., Adaptive workflows that respond to real-time changes.

Stakeholder engagement 52

Stakeholder engagement supply chain budgeting Agile and Lean Supply Chain Supplier negotiation 52

Procurement Insights

APRIL 12, 2025

” So, in today’s post, let’s discover what they are and how relevant they are to 2025 procurement and supply chain management. Adaptability: Agents respond quickly to changing conditions, such as supply chain disruptions or sudden changes in demand. Este Lauders $15B supply chain).

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain supply chain software solutions supply chain budgeting 52

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. Let’s learn the role of cost efficiency vs cost effectiveness! What is Efficiency and Effectiveness? What is Cost Efficiency?

Supply Chain Efficiency 92

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 92

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. It allows businesses to track and improve their procurement activities and have a transparent outlook of their procurement process. The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

SCMDOJO

DECEMBER 14, 2023

This crucial step forms the foundation for a tailored and efficient sourcing process. Supplier Identification: Scouring the Market Once armed with the client’s requirements, the sourcing agency embarks on a mission to identify potential suppliers. When do you need the Sourcing Agency?

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 104

Jaggaer

JUNE 28, 2024

Procurement and supply chain professionals are emerging as enterprise linchpins. C-suites are increasingly leaning on the function’s expertise and tools to advance key objectives, such as business continuity, responsible business practices, profitable growth, and competitive advantage. Generative AI offers workload relief.

supply chain budgeting 52

supply chain budgeting Supply chain management Supply chain management Agile and Lean Supply Chain 52

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Una

APRIL 13, 2023

Rather than telling them exactly what you want, you lean on their experience by asking them to recommend a suitable cut of beef. Putting in the time and effort with the top 20% of suppliers will help you extract additional value from these relationships.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Building strong supplier relationships to encourage favorable contracts and service is also a common goal.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Purchasing relies on more basic solicitation processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

JULY 17, 2024

Traditionally, procurement strategy entails meticulous planning to procure goods and services efficiently, aligning with organizational goals. With digital tools and automation, businesses can enhance procurement efficiency, streamline processes, and leverage data for informed decision-making.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

World of Procurement blog

MAY 23, 2024

Companies pursue supplier consolidation for a few key reasons: To reduce procurement costs by negotiating volume discounts and more favourable contract terms with fewer suppliers. Having strategic partnerships allows suppliers to lower prices. Having capacity contingencies is ideal to mitigate supply chain risks.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Software

APRIL 18, 2023

The benefits of eAuctions There’s one crucial difference between traditional negotiations and eAuction strategies: In an eAuction, the suppliers negotiate between themselves online in real-time. As shown below, this means that the buyer is no longer the go-between for negotiating during an eAuction.

Bidding 52

Bidding Supply Chain Efficiency Negotiation Real-time Visibility 52

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Risk Management Strategic sourcing assesses and mitigates risks associated with suppliers, market volatility, and geopolitical factors.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

AUGUST 31, 2023

This constraint can hinder their ability to analyze spend data, discover suppliers, negotiate favorable terms, and find cost savings. Supplier diversity Maintaining a diverse supplier base is important in terms of risk mitigation and ESG. Learn more about how to manage risk using a GPO here.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Empowering CPO

JUNE 26, 2023

By analyzing historical spend patterns and supplier performance, organizations can negotiate better contracts, consolidate suppliers, and implement strategic sourcing initiatives. These actions lead to improved negotiation power, reduced costs, and enhanced overall procurement efficiency.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Procurement strategies 40

Empowering CPO

JULY 17, 2023

Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye toward sustainability and social responsibility. Managed Procurement Services provide the much-needed support businesses require to navigate the complex procurement landscape efficiently and effectively.

Procurement 40

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 40

Empowering CPO

JULY 17, 2023

Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye towards sustainability and social responsibility. Managed Procurement Services provide the much-needed support businesses require to navigate the complex procurement landscape efficiently and effectively.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Empowering CPO

JUNE 14, 2023

Introduction Welcome to the dynamic world of procurement, where businesses are constantly seeking innovative ways to manage their supply chains more efficiently and effectively. It can mean relinquishing some control over your supply chain, and communication with external partners can sometimes be complex.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Real-time Visibility 52

Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52