Spend Matters

APRIL 24, 2025

Budgets are growing, but so is accountability The report clearly reflects the increasing trend that SaaS is not a fringe spend anymore. With cloud-based software now accounting for over 30% of total IT budgets , findings from our report echo the same trend.

Procurement team 77

Procurement team Contract Negotiation Vendor relationships 77

SCMDOJO

FEBRUARY 26, 2025

Procurement Cost Efficiency CPI can track procurement cost efficiency by comparing budgeted vs. actual spending on raw materials and supplies. Logistics and Freight Cost Optimization CPI can help measure transportation cost efficiency, ensuring that freight and shipping expenses remain within the planned budget.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

TYA Suite

JUNE 22, 2025

Using advanced optimization algorithms and AI, it suggests how to allocate budgets, select suppliers, negotiate contracts, or schedule deliveries for maximum efficiency and cost savings. This targeted approach helps reduce overall procurement costs and improve budget management.

Procurement 40

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

Jaggaer

FEBRUARY 5, 2025

This includes enterprises across industries such as manufacturing, retail, healthcare, and financial services, where procurement efficiency directly impacts operational costs and supplier relationships. Machine Learning (ML) algorithms embedded in the S2P process put you on the path of continuous improvement.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Jaggaer

MARCH 6, 2025

Spend Analysis: Offering detailed visibility into spending patterns, enabling cost optimization. Advanced analytics capabilities transform this data into actionable insights by: Predictive Insights: Identifying future procurement risks and opportunities.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

ivalua

MAY 21, 2025

All of this enhances procurement efficiency and enables cost optimization. Finance Teams With spend analytics integrated directly into the procurement process, finance professionals can monitor purchasing against budgets in real time, ensuring greater accountability and fewer surprises at the end of the quarter.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain e2e 130

Procurement Insights

MARCH 16, 2025

Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. Improved Cost Savings AI-driven spend analysis and supplier recommendations optimize procurement budgets.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Bidding Supply Chain Efficiency 52

SCMDOJO

FEBRUARY 5, 2025

Targeted Learning: SCMDOJO offers a range of courses and learning paths focusing on specific procurement areas, such as e-auctions, contract negotiation, cost optimization, and supply chain resilience. Budgeting several thousand pounds is a realistic starting point.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

TYA Suite

APRIL 13, 2025

Think of it as a centralized hub that simplifies tasks like supplier negotiations, purchase approvals, budgeting, and delivery tracking. Think of it as a digital helper that automates tasks like finding suppliers, approving purchases, tracking orders, and managing budgets. Is it within budget? When will it arrive?

Management 40

Management Procurement Real-time Visibility Budget 40

Planergy

MAY 8, 2025

5] Finance Leaders Are Collaborating More Closely with Procurement: Nearly 48% of CFOs are leveraging procurement data to support broader financial strategies, from fraud detection to cost optimization. [1] Teams using these tools can reallocate budgets more effectively and surface hidden inefficiencies across departments.[7]

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

Procurement Insights

MAY 21, 2025

QUESTION 1: How does Hansen’s Metaprise Model address the following CPO concerns: Budget Constraints, Process and System Alignment, Technology Gaps, Challenging Market Dynamics, Difficulty Engaging Stakeholders? tariffs, port strikes), reducing costs by 2030% (DND case study). Heres how it tackles each challenge: 1.

supply chain budgeting 52

supply chain budgeting Real-time Visibility Stakeholder engagement Agile and Lean Supply Chain 52

Procurement Insights

JULY 2, 2025

Impact: Executive sponsor disappointment Difficulty in securing future tech budgets Risk of “shelfware” if systems are not optimized 7. ROI Realization Delay Challenge: Benefits like FTE reduction, better pricing, or working capital gains can take 12–24 months to materialize without proper sequencing or KPIs.

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 59

Procurement Insights

JUNE 18, 2025

Cost Savings and Financial Outcomes Hansen Fit Score: Drives 10–15% cost savings ($1M–$5M for mid-sized firms) by optimizing resource use, as evidenced by DND’s $2.3M savings on a $10M budget, scaled to 2025 contexts. 212B cybersecurity spend in 2025) may inflate costs.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Supply Chain Efficiency Data 52

TYA Suite

MAY 3, 2025

A good system helps businesses monitor their expenses and stay within budget. This document includes item descriptions, quantities, budgets, and reasons for the purchase. Managers or finance teams verify if the purchase aligns with budgets and company policies. Clear requests help avoid misunderstandings later.

Purchase orders 40

Purchase orders e2e Raw materials Real-time Visibility 40

IBM Supply Chain Blog

JULY 5, 2023

You can scale your cloud resources up or down to meet demand, and costs will follow. However, cloud services costs can be higher than anticipated, so monitoring and optimizing your cloud spend is critical. Why do you need cloud cost optimization? How do we prevent overprovisioning and overspending?

Cost optimization 63

Cost optimization Real-time Visibility Price Budget 63

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Users only see information that is relevant to them, i.e. Requisitioners see expected delivery dates, Managers their budget consumption, Accounts Payable their pending invoices.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

IBM Supply Chain Blog

JULY 26, 2023

Zero-Based Budgeting (ZBB) is like solving a financial puzzle. Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. Learn more about IBM Planning Analytics What is Zero-Based Budgeting?

Budget 56

Budget Data Cost optimization Collaboration 56

Pipefy

JULY 24, 2024

What is IT cost optimization? To say this is no small feat is an understatement; it involves businesses changing decades of spending patterns to embrace a new philosophy: cost optimization. Data center consolidation is a method any business seeking IT cost optimization should consider.

Cost optimization 52

Cost optimization Budget Strategy Data 52

IBM Supply Chain Blog

OCTOBER 3, 2023

Together, IBM Instana and IBM Turbonomic provide real-time observability and control that everyone and anyone can use, with hybrid cloud resource and cost optimization so you can safely automate to unlock elasticity without compromising performance. You can ensure everyone is within budget.

Real-time Visibility 89

Real-time Visibility Cost optimization Budget Data 89

Procurement Templates

JUNE 18, 2023

Sharing market insights and cost-saving ideas can lead to cost optimization and better pricing agreements. Total cost analysis: Procurement should focus not only on the initial purchase price but also on the total cost of ownership. Budgetary pressures: High inflation can disrupt budget planning and forecasting.

Procurement 130

Procurement Supply Chain Efficiency Raw materials supply chain budgeting 130

Procurement Templates

MARCH 3, 2024

Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Budget Analysis : Evaluating the available budget and financial resources is crucial to ensure that the procurement activities align with the organization’s financial capabilities.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

IBM Supply Chain Blog

AUGUST 11, 2023

And technology budgets are rising commensurate to this new reality. IT cost management has grown in importance because cost control is top of mind for every organization across all industries. Simply put, IT leaders cannot afford increased project costs that lead to budget overruns.

Import 74

Import Management Budget Real-time Visibility 74

SCMDOJO

DECEMBER 14, 2023

Here, the agency seeks to understand the client’s specific needs, budget constraints, and quality standards. Sourcing Agent: With expertise in sourcing, Dante serves as a valuable intermediary, streamlining supplier selection, negotiation, and procurement processes, ensuring optimal outcomes for clients.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 104

IBM Supply Chain Blog

AUGUST 16, 2023

There are many reasons why organizations have embraced cloud services, including improved efficiencies, cost savings, scalability, flexibility and quicker time-to-market. As a result, IT budgets are experiencing decreases along with overall operational budgets.

Real-time Visibility 64

Real-time Visibility Budget Cost optimization Demand 64

IBM Supply Chain Blog

MAY 1, 2023

Fundamentally, as a Cloud Operator, you need to ensure great end-user experiences while staying within budget. In this blog post, we will review the various methods of GCP cloud cost management, what problems they address and how GCP users can best use them.

Supply Chain Optimization 79

Supply Chain Optimization supply chain budgeting Budget Cost optimization 79

IBM Supply Chain Blog

NOVEMBER 10, 2023

A recent survey 1 found that cloud over-spending was higher in 2022 than in the previous year: 56% of companies surveyed admitted that spending on public cloud was significantly over budget, some by over 20% to 30% of their intended spend. But there’s another option: cloud management platforms and FinOps to better manage costs.

Demand 67

Demand Purchasing Cost optimization Budget 67

IBM Supply Chain Blog

NOVEMBER 13, 2023

Cost savings: Through modernization, organizations can reduce maintenance costs, optimize hosting and better leverage a global workforce, leading to substantial cost savings in the long run. For example, a retail company that has been using a legacy inventory management system for several years is less cost-efficient. .”

Strategy 94

Strategy Cost optimization Quality Risk 94

SCMDOJO

OCTOBER 7, 2024

Every business focuses on solutions that enhance profitability with cost optimization. Businesses learn about cost-effectiveness vs. efficiency throughout the supply chain to improve capacity. You can explore more about The Role Of Effectiveness & Efficiency in Supply Chain Optimization on our Website.

Supply Chain Efficiency 92

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

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

IBM Supply Chain Blog

AUGUST 15, 2023

It also highlights the importance of a thoughtful approach to observability to prevent spiraling costs. Observability tool vendors understand the importance of accommodating businesses with varying budgets. Prometheus and Grafana) provide additional avenues for cost savings. how much time and resources are developers spending).

Real-time Visibility 48

Real-time Visibility e2e Budget Cost of ownership 48

Jaggaer

JUNE 28, 2019

The report identifies the lack of budget and requisite IT skills, and lack of progress with data integration as well as lack of digital knowledge among procurement professionals themselves, as some of the most important obstacles to more rapid progress. Register today and get exclusive insights into the results!

Procurement 58

Procurement Budget Category management Data 58

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supplier consolidation Supply Chain Efficiency 52

Procurify

AUGUST 11, 2022

Recession planning involves cutting costs, optimizing cash flow, inventory management and foolproofing operations. Extreme cost-cutting: Companies that aggressively cut budgets from R&D investments, sales, and marketing budgets, or worse, valuable talent, may end up making the situation worse for themselves.

supply chain budgeting 52

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

IBM Supply Chain Blog

MARCH 6, 2024

Additionally, without proper monitoring and optimization, ongoing cloud usage costs can escalate rapidly, leading to budget overruns and financial strain. This plan focuses on performance and cost optimization by selecting the most suitable cloud resources for your VMs and their associated volumes.

Strategy 73

Strategy Price Data Cost optimization 73

TYA Suite

AUGUST 26, 2024

This transparency allows SMBs to monitor and control expenditures, track budget compliance, and identify areas for cost optimization. Look for solutions that offer real-time insights into spending patterns, budget tracking, and spend categorization.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Real-time Visibility Procurement 40

Arkestro

NOVEMBER 5, 2024

The Hackett Group’s 2024 Key Issues Study found that financial teams’ workloads are expected to increase 5% this year while headcount and budget slightly decrease, leaving a productivity gap of 6% for CFOs to find a way to make up. However, as procurement teams know, optimizing these processes is multifaceted and complex, especially at scale.

Procurement 52

Procurement supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Arkestro

MARCH 27, 2024

Budgeting: Identifying the most cost-effective solutions without compromising quality or speed. Finance skills: Cost optimization lies at the heart of procurement, so buyers should have a solid understanding of budgeting, cost analysis, and the financial implications of procurement decisions.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52