Procurement Insights

APRIL 13, 2025

cost efficiency, tariff resilience). supplier bids, tariff updates) without predefined labels, similar to unsupervised learning, adapting to market shifts like 60% China tariffs. However, he doesnt delve into algorithmic specifics like feedback loops, focusing instead on outcomes (e.g., cosmetics suppliers $0.32/unit

Real-time Visibility

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . Automated Bid & Buy: Empower users to conduct simple and automated spot bids from within a purchase requisition. AI-powered contract management.

Supply chain resilience

ivalua

FEBRUARY 10, 2023

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. With Ivalua, you can quickly access spend analysis tools to identify areas for cost savings and benchmark current prices against market trends.

Price

ivalua

FEBRUARY 27, 2023

Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. Manufacturers, take charge of your supply chain! Let’s explore further.

Procurement

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

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. What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence.

Agile and Lean Supply Chain

Arkestro

JANUARY 9, 2024

As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more. Sustainable bidding. Survey respondents say the trend is driven by a desire to increase efficiency, improve productivity, reduce errors, and improve cost savings.

supply chain budgeting

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. 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.

Strategic sourcing

Arkestro

OCTOBER 3, 2024

Such programs add more reporting requirements, costs on imported parts, and other considerations to an already complex supply chain. Overall, procurement has seen more requirements around tracking raw materials and origin throughout the supply chain. It’s anything but easy to manage.

Procurement

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

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation