Supply Chain Game Changer

JUNE 5, 2025

For property owners entering Dubai’s short-term rental market, understanding what taxes and fees apply is essential for building a realistic budget. Dubai does not charge traditional income tax on short-term rental income, but property owners must budget for other mandatory costs such as the Tourism Dirham fee and ongoing management expenses.

supply chain budgeting 59

supply chain budgeting Budget Influencing Demand 59

Procurement Templates

NOVEMBER 21, 2024

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

Agile and Lean Supply Chain 130

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

Supply Chain Game Changer

JULY 1, 2025

Establishing and adhering to a well-defined gambling and online casino budget is crucial to ensuring that your online casino activities remain enjoyable and sustainable rather than becoming a source of financial and emotional turmoil. Consider your current income, expenses, and any outstanding financial obligations.

supply chain budgeting 59

supply chain budgeting Budget Risk Sustainability 59

Spend Matters

JANUARY 14, 2025

This metric has become increasingly important as organizations deal with complex subscription models and misaligned budgets and billing cycles. Strong budget controls help prevent overspending and ensure better financial governance. In addition, our customers track the percentage of purchase orders backed by approved spend.

Real-time Visibility 121

Real-time Visibility Procurement Budget Procurement team 121

Spend Matters

MAY 19, 2025

Each function’s objectives often overlap, particularly in areas such as financial reporting, cost management, budgeting and data-driven decision making, so when procurement strategies align with finance-led initiatives, organizations gain greater financial visibility, improved efficiency and stronger risk control.

Collaboration 89

Collaboration Procurement Real-time Visibility Budget 89

Spend Matters

JULY 1, 2025

With limited time, bandwidth and budgets, SMBs struggle to compete against larger rivals that leverage economies of scale and cutting-edge technology. With the right AI tools in place, procurement teams at SMBs can operate with the same efficiency and intelligence as larger enterprises without their additional headcount or hefty budgets.

Procurement 87

Procurement Procurement team Budget Risk management 87

Spend Matters

MAY 1, 2025

Lack of visibility into budgets and contracts: Without real-time tracking, procurement teams risk exceeding budget allocations and violating contract terms. Integrate procurement with budgeting and contract compliance: Ensure purchases are validated against financial plans and existing contract terms in real-time.

Real-time Visibility 75

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 75

Spend Matters

JULY 7, 2025

In earlier phases ( phase 1 and phase 2 ), we identified how expense management misalignments can erode budget accuracy, delay financial reporting, and leave policy enforcement lagging spending behavior. Lack of visibility into committed spend : Approved-but-unsubmitted expenses remain invisible to budget holders and forecasters.

Collaboration 72

Collaboration Real-time Visibility Management Procurement 72

Fraxion

MAY 27, 2025

Were thrilled to announce the latest updates to Fraxion Mobile. The features in the latest release are designed to simplify and inform approvals, boost efficiency, and provide real-time spend insights.

Budget 64

Budget 64

Spend Matters

JUNE 24, 2025

It must enforce policy, respect budget and guide execution. Validate contracts, budgets and supplier eligibility before routing. Provide full context, including rejection history, supplier status and budget availability. Link procurement activity with budget impact and forecasting needs. Data without action is a waste.

Procurement 77

Procurement Budget Purchasing Contract 77

Spend Matters

JUNE 30, 2025

These gaps are not always visible, but they compound over time, distorting budgets, delaying insights and eroding trust in the data. Finance may lack visibility into pending approvals, and procurement may lack insight into policy exceptions and budget impacts. Procurement has limited ability to monitor out-of-policy spend.

Real-time Visibility 68

Real-time Visibility e2e Management Procurement 68

Supply Chain Game Changer

JUNE 29, 2025

Unfortunately, larger construction projects are known to suffer delays and run over budget as well. Budget codes may be able to be flexibly altered. Some commercial construction crews utilize model-based estimation platforms, giving them the need to amend project details to better align with the budget.

Management 98

Management supply chain budgeting Budget supply chain software solutions 98

ivalua

JULY 3, 2025

Maverick spend – purchases made outside of approved channels – can quickly balloon, wasting budget and exposing the organization to unvetted suppliers. Indirect procurement benefits from automated workflows, guided buying, and budget controls to keep spend within approved parameters.

supply chain budgeting 130

supply chain budgeting Procurement e2e Agile and Lean Supply Chain 130

Spend Matters

MAY 27, 2025

Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management. Ensure procurement data is linked to financial dashboards Procurement spend data must be available in real-time for financial forecasting and budget adjustments.

Real-time Visibility 101

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 101

Spend Matters

MARCH 3, 2025

This analysis looks at Hivebuys procure-to-pay solution, its platform and application modules; it gives a competitive landscape assessment, a look at its future roadmap and offers user considerations and an analyst summary.

Budget 114

Budget Buyers Procurement solutions Procurement 114

Spend Matters

FEBRUARY 13, 2025

However, although Utz Brands enjoys a long and successful history, Ron understood that he had to be prudent and efficient with the dollars available to invest in technology because he did not have the budget that larger competitors have to spend. For the most part, this did not prove a problem.

Influencing 104

Influencing Procurement supply chain budgeting e2e 104

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., Procurement teams should also establish transparent governance structures that define decision-making authority, clarify procurements involvement in budgeting and supplier selection and outline compliance and performance tracking expectations.

Stakeholder engagement 96

Stakeholder engagement Management Procurement Supply Chain Efficiency 96

Supply Chain Brain

JUNE 16, 2025

Fleet management is a long game — budget cycles, replacement planning, technology roadmaps. Fleet managers oversee budgeting, cost controls, and maintenance expenses. They step into roles requiring HR finesse, budgeting expertise, conflict resolution, and regulatory knowledge, often with zero formal training or support.

Leadership 91

Leadership supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 91

Spend Matters

JUNE 2, 2025

While traditional KPIs often emphasize cost savings or budget control, aligned organizations take a more strategic approach, tracking performance indicators that reflect the joint impact of finance and procurement on business outcomes. Compare actual procurement costs against financial forecasts to improve budget accuracy.

Sustainability 68

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 68

ivalua

MAY 16, 2025

Enhanced visibility allows for greater control over costs and reduces the chance of unexpected budget surprises. Misaligned priorities can delay purchases, inflate budgets, or introduce security risks. For a closer look at the impact of spend transparency, check out our blog on Business Spend Management.

Real-time Visibility 130

Real-time Visibility Procurement e2e Contract 130

ivalua

JUNE 17, 2025

Download our Source-to-Pay Implementation Guide S2P Digitization: Adoption Trends and Investment Priorities More than half of the survey respondents indicate plans to invest in procurement technology in 2025, with 53% even reporting a budget increase for this year. This is a significant uptake compared to last year’s 30%.

Sourcing 100

Sourcing e2e Procurement team supply chain budgeting 100

ivalua

JUNE 5, 2025

Without strategic procurement guiding the way, purchasing becomes reactive and focused only on cost savings in procurement instead of adding value, which can lead to budget overruns and missed opportunities. Poorly managed supplier relationships can lead to delivery delays, compliance failures, and reputational risk.

Purchasing 130

Purchasing Risk Procurement e2e 130

Procurement Express

MAY 7, 2025

Choosing the right spend management software can drastically improve efficiency and control over budgets. It provides strong budget enforcement, approval workflows, and purchase order management, ensuring that no spending is unaccounted for before its authorized.

Purchase orders 52

Purchase orders Management Budget Spend management 52

Procurement Templates

FEBRUARY 13, 2024

Focus on Cost-Cutting: Procurement teams are accustomed to seeking the best deals and negotiating prices, potentially leading to a focus on budget constraints rather than the sentiment behind Valentine’s Day.

Procurement 264

Procurement Procurement team Budget Negotiation 264

Procurement Insights

JANUARY 28, 2025

– A survey conducted by Apptio, an IBM Company revealed that nearly 50% of CIOs use spreadsheets to manage multi-million dollar IT budgets. executives reported their companies use Excel as the primary tool for budgeting and planning. What percentage of CEOs and executives use spreadsheets?

Budget 52

Budget Procurement team Procurement Management 52

Supply Chain Game Changer

JUNE 9, 2025

While you don’t want to compromise on quality, finding a distributor who offers competitive pricing can significantly impact your project’s budget. Compare the prices and payment terms of the shortlisted distributors to determine the best fit for your budget.

supply chain budgeting 80

supply chain budgeting Supply Chain Efficiency Quantity Quality 80

Procurement Software

JULY 6, 2025

Think of common indirect categories: IT infrastructure Facilities management Capex for machinery & equipment Property maintenance Fabricated spare parts Promotional goods All of these require skilled negotiation to avoid costs that would otherwise hit the company’s budget.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

ABC of Procurement

SEPTEMBER 29, 2024

Sooner or later, you will get the Budget to pick the next Procurement software for your Company. How to get the right one? The post Ten steps to getting Procurement software for your Business first appeared on ABC of Procurement.

Procurement 147

Procurement Budget 147

Spend Matters

JUNE 2, 2025

By using data, automation and better processes, procurement can improve financial reporting, cut costs, support budgeting and manage risks. Enhancing budgeting and forecasting processes: CFOs are prioritizing tools and processes that support more accurate budgeting and forecasting through real-time updates and supplier cost trends.

Strategy 68

Strategy Procurement Supply Chain Efficiency supply chain budgeting 68

Procurement Express

JANUARY 8, 2025

Real-time tracking highlights budget risks early. With a large team of producers managing multiple projects and suppliers, staying on top of finances is critical to their operations to ensure budgets are met and suppliers are paid accurately and on time. TL:DR Automated approvals make payments to vendors fast and easy.

Budget 52

Budget Purchase orders Suppliers Purchasing 52

Procurement Insights

MAY 21, 2025

MY TAKEAWAY As I look at the above, I have the following two primary takeaways: Budget Constraints and Challenging Market Dynamics are relative constants, meaning that the best approach is recognition and adaptation, as they are driven by external factors that cannot be controlled, only anticipated.

supply chain budgeting 80

supply chain budgeting Budget Procurement Sourcing 80

Procurement Express

MARCH 14, 2025

From creating purchase orders to processing invoices and tracking expenses, these solutions give you better control over your budget and ultimately, boost your bottom line. Purchasing software eliminates these issues by automating approvals, enforcing budgets before purchases happen, and giving finance teams complete control over procurement.

Real-time Visibility 52

Real-time Visibility Procurement Purchase orders Budget 52

Procurement Tactics

MAY 22, 2023

Costs This refers to the proposed budget or pricing of the proposal, including any relevant costs such as labor, materials, and equipment. Of course, if the bid is much higher than the budget, then the company is more likely to not accept that bid. Tell the vendors what you want Vendors put a lot of effort into creating proposals.

Bidding 212

Bidding Budget Negotiation Quality 212

Spend Matters

APRIL 29, 2025

Procurement, meanwhile, works to strengthen supplier relationships, capture discounts and reduce total procurement costs. Organizations need a structured, intentional approach to design and sustain collaboration between finance and procurement.

Real-time Visibility 95

Real-time Visibility e2e Procurement Management 95

Spend Matters

JANUARY 7, 2025

This leads to redundant purchases, budget overruns and a lack of accountability. Employees are bypassing approvals Rogue spending occurs when employees make purchases without following established approval chains or proper authorization.

Procurement 118

Procurement Purchasing Vendor relationships Suppliers 118

Spend Matters

MARCH 25, 2025

AWS Cost Explorer and Budgets, integrating AWS Marketplace expenditures into broader financial management tools. Spend and cost management Procurement Insights Dashboard, providing an overview of agreements and expenditures. Cost allocation tagging, allowing organizations to categorize and track software expenses.

Procurement solutions 98

Procurement solutions Procurement Purchase orders Data 98

Supply Chain Game Changer

JUNE 18, 2025

Fortunately, there are several strategies that can help streamline construction projects, ensuring that you get them done on time and on budget. This includes managing budgets, organizing team members, and setting timelines. This includes a clear schedule, budget, team members, equipment , materials , goals, and dependencies.

supply chain budgeting 59

supply chain budgeting Project management Budget supply chain software solutions 59