ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Spend Matters

FEBRUARY 13, 2025

This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. That system could tell you, for example, that the company had spent $XX million with a supplier on a particular ingredient or package.

Influencing 104

Influencing Procurement supply chain budgeting e2e 104

Spend Matters

MAY 14, 2025

The situation is further complicated for global supply chains, particularly when suppliers are located in regions with strict data regulations and infrastructure challenges, such as China. LightSource was specifically created to solve these issues for direct materials sourcing.

Sourcing 87

Sourcing Buyers Procurement team Bidding 87

Spend Matters

JANUARY 23, 2025

This article will outline those limitations and propose that invoking competitive negotiations with machine learning solutions such as Arkestro is the optimal way to evaluate the market competitiveness of price quotes. For example, two suppliers with similar costs may price differently based on market share strategies or niche competition.

Price 105

Price Negotiation supply chain software solutions Supply Chain Optimization 105

Supply Chain Game Changer

JUNE 23, 2021

Subscribe to Supply Chain Game Changer. Competitive bidding results article and permission to publish here provided by James Liang at PowerRFP. Leading a competitive bidding process can be painful. The road to optimize the procurementprocess can be rough, but there is lightat the end of the tunnel. Email Address.

Competitive bidding 91

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 91

Let's Talk Supply Chain

FEBRUARY 21, 2025

In the heart of‍ the bustling Midstate ‍region, a once-thriving logistics supply chain company is facing a ‍paradigm shift as it announces the closure of its second‍ facility.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Logistics Supply chain 52

ivalua

JULY 21, 2021

REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Competitive bidding to drive cost savings. 100% visibility of sourcing processes.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

Let's Talk Supply Chain

MARCH 5, 2025

In a bid to turn the tide on a recent sales slump, Advance Auto Parts is embarking on a bold initiative to revamp its supply chain. Revamping Supply Chain Strategies to Boost Sales Performance advance Auto Parts is making bold moves to rejuvenate its sales figures by overhauling its supply chain strategies.

Agile and Lean Supply Chain 52

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

Let's Talk Supply Chain

MARCH 3, 2025

In a bid to sweeten its presence in the ever-evolving snack industry, J.M. Smucker‍ has embarked on a series of strategic maneuvers that promise to redefine its‍ sweet snacks business and supply chain.As Smucker‍ can optimize its supply chain processes and meet the growing demand for premium snacks.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 52

Let's Talk Supply Chain

MAY 16, 2025

As global trade winds gust through the intricate web of supply chains, Clorox stands at a crossroads, poised to navigate the shifting currents in a bid to maintain stability and agility in the face of economic turbulence. These recommendations focus on enhancing efficiency and minimizing costs in the sourcing process.

Sourcing 52

Sourcing Agile and Lean Supply Chain Supply Chain Optimization Supply chain resilience 52

Supply Chain Dive

MAY 8, 2024

Barbie’s parent company is looking to diversify its production footprint in a bid to optimize costs and fulfillment operations.

Bidding 130

Bidding Suppliers 130

Jaggaer

FEBRUARY 5, 2025

A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement. They instantly compare bids based on predefined criteria, such as the lowest bid, pricing tiers, or total cost of ownership, and rank the suppliers accordingly.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Bidding Supply Chain Efficiency 52

Arkestro

NOVEMBER 12, 2024

Historically, the focus has been on optimizing portfolios of spend—prioritizing what to address, defer, or ignore—using well-known frameworks such as the Kraljic Matrix and the Pareto Principle. This allows procurement teams to set up events quickly and efficiently, pre-populating supplier bid sheets with suggested prices.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Spend Matters

JULY 25, 2022

The consensus was cautious optimism about the pivot to a broader platform and ecosystem approach (including the unique community intelligence aspect of Coupa’s solution strategy) that includes the rapidly expanding Coupa App Marketplace. S&OP-driven supply planning for raw materials. Collaborating supply plans/POs with suppliers.

Spend management 98

Spend management Supply Chain Optimization Supply chain management Supply chain management 98

Jaggaer

DECEMBER 12, 2024

enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 JAGGAER One 24.3 version of its JAGGAER One platform.

Supply Chain Optimization 52

Supply Chain Optimization Bill of materials Supply Chain Efficiency Contract 52

Jaggaer

FEBRUARY 5, 2025

A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

SCMDOJO

DECEMBER 11, 2023

Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness. Through detailed analysis of procurement processes, expenditures, and supplier negotiations, organizations can identify opportunities for cost reduction.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

SCMDOJO

JUNE 28, 2024

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

Supply Chain Optimization 87

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 87

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. The procurement portal’s functionality lets two complex business processes be optimized and streamlined. A vendor portal is an e-procurement solution that allows the organization to arrange and connect to third party suppliers.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Procurement Templates

MARCH 7, 2024

Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement processes, such as vendor selection criteria, bidding procedures, and contract management protocols. I curate best book marks so you don’t need to hunt around!

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Data silos also inhibit agility, Keeley said. “As

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Let’s explore further.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Insights

APRIL 13, 2025

In contrast, SAPs Joule, an AI copilot in S/4HANA Cloud, uses explicit feedback loops, such as gradient descent for procurement analytics, to optimize tasks like supplier selection and spend management, leveraging structured AI methodologies. cost predictions, supplier scoring). tariff hikes, supplier delays).

Ethics 52

Ethics Supply Chain Optimization Export Data 52

Una

FEBRUARY 18, 2025

Procurement and sourcing professionals play a critical role helping decision makers discuss and rank those variables and then use them to select and contract with suppliers. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Eric Westerduin.

Supply Chain Optimization 58

Supply Chain Optimization Supply Chain Efficiency Sourcing Supply chain 58

Procurement Insights

APRIL 5, 2025

8 Keelvar 2012 Founded in 2012, a decade of experience in sourcing optimization. 9 Lytica 2015 Established in 2015, a newer player in supply chain analytics. 3 Ivalua Unified spend visibility Holistic platform excels in cost breakdown and supplier analytics, flexible for complex needs.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Negotiation Supply Chain Efficiency 52

Procurement Insights

APRIL 13, 2025

buyers, suppliers) interacting based on real-world commodity traits (e.g., supplier performance, tariff costs) to optimize decisions. cosmetics suppliers $0.32/unit cosmetics suppliers $0.32/unit supplier scores) based on success metrics (e.g., kg savings, and optimize for Colombias $3.20/kg

Real-time Visibility 52

Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization Data 52

TYA Suite

OCTOBER 27, 2024

is a comprehensive solution designed to automate and optimize the. This software helps organizations manage supplier interactions, streamline procurement workflows, and ensure compliance with company policies and regulations. We will also discuss how to implement this tool to maximize its effectiveness.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Insights

MARCH 25, 2025

PME is not only an opportunity to warm up the market but also ensuring that any issued RFP can be met, specifications and conditions are fit for purpose and the opportunity to add innovation into the procurement and Contract and Supplier management process.” Here’s how: 1. HACCP, FSMA, GFSI).

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Procurement Insights

MARCH 27, 2025

AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1. HACCP, FSMA, GFSI).

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

Procurement Templates

MARCH 3, 2024

Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Market Research : Conducting research on available suppliers, products, and market trends is essential for making informed procurement decisions. Prioritisation of Needs : Not all needs may be equally urgent or important.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Supply Chain Game Changer

SEPTEMBER 22, 2022

Subscribe to Supply Chain Game Changer. Choosing suppliers. After that, a request for a proposal gets sent out to potential suppliers. Then, the suppliers submit their bids and the company decides which one to hire. Originally written for Supply Chain Game Changer and published on July 27, 2022.

supply chain budgeting 116

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 116

Una

APRIL 23, 2024

How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. Machine learning, a subset of AI, has emerged as a game-changer in the world of supply chain management.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52