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While juggling decentralized requests, surprise renewals, and one-off contracts, enforcing policy and staying on budget is no easy feat. You’ll learn how leading organizations are using procurement technology like Ivalua to regain control, reduce risk, and deliver real business value. Let’s look at some of the most measurable benefits.
If you’re beginning to explore e-procurement, you’ve probably been grappling with manual approvals that delay purchases and limited visibility into spend. Modern e-procurement platforms use automation and AI to streamline workflows, enforce policies, and improve spend visibility.
It requires you to juggle multiple priorities: unifying systems, improving visibility, reducing risk, and proving ROI across every stage of the procurement process. Cost savings and reduced maverick spend: By improving visibility and control, S2P tools help enforce purchasing policies and drive contract compliance.
In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack. Modern procurement automation software helps companies to streamline repetitive tasks, improve cross-team collaboration, and improve visibility across every stage of the buying cycle.
At Ivalua, we help global enterprises modernize their sourcing strategy through greater visibility, data-driven decision-making and agile, connected processes. That means choosing suppliers not just based on price, but on their ability to deliver quality, reliability, and strategic value over time.
If your procurement team is juggling multiple ERP systems, you’re likely spending more time chasing data than driving strategy. Disconnected supplier records, inconsistent processes, and limited visibility can impair efficiency and open the door to shadow spend. Take supplier collaboration.
Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management.
Learn about Ivalua’s AI-powered virtual assistant and how it can help you save time, reduce risk and improve decision-making across the source-to-pay lifecycle. Inefficiencies are baked into the procurement process, wasting time and budget while leaving the door open to errors such as missed deadlines or incorrect orders.
Alignment is not a one-time project; it is a continuous discipline. Without a unified KPI framework, procurement’s role in expense control can be undervalued, and finance may miss critical signals from travel and entertainment (T&E) behavior that affect forecasting, budgeting and policy outcomes.
Supply chain disruptions whether from geopolitical shifts, weather events or logistical breakdowns are nearly impossible for humans to predict alone. Thats where AI steps in, offering a proactive approach to predicting supplier lead times and optimizing demand forecasts for buyers.
A System Under Strain The fragility of the medication supply chain isn’t theoretical; it’s happening in realtime. Alarmingly, 7% attributed at least one medication safety event to a shortage-related issue. Automation fed by real-world data can streamline operations, eliminate redundancy and accelerate response times.
While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload.
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
Spend Matters has been speaking with procurement practitioners and solution providers to get a wide view of how procurement and digital transformation is happening in the real world. And in the real workplace, thats where those decisions come from rather than procurement itself. Her first piece of advice would be: Dont. Not yet anyway!
Using technologies such as GPS devices, RFID, or barcodes, this process captures real-time information about the location, condition, and use of assets. These systems provide real-timevisibility of where assets are located, which can quickly identify discrepancies or unauthorized movements.
Think of it as a roadmap that guides a purchase order through the right handsfrom the employee who needs the item to the manager who approves the budget, and finally to the finance team that processes the payment. By automating and standardizing these steps, businesses save time, reduce errors, and maintain control over spending.
If you have supply chain software, you can view your inventory levels, manage your customers’ orders and reduce delivery waiting time. You have real-time data, which helps you make sound decisions. Partners are excellent helpers in times of turbulence. It is also imperative that they’re delivered at the right time.
Instead of relying on manual reports or assumptions, procurement analytics uses real-time data and historical information to provide a clear picture of where money is being spent, which suppliers offer the best value, and where inefficiencies or risks may exist. KPIs monitor procurement performance and analytics' effects.
times higher than operational emissions, according to data from the U.S. times higher than operational emissions, according to data from the U.S. Today’s transportation strategies must not only meet regulatory standards but also deliver real data, tangible progress and long-term value to shippers and stakeholders alike.”
This leads to more accurate budgeting and financial stability. If a supplier is struggling with cash flow or facing bankruptcy, it may not be able to fulfill orders on time or maintain the quality of its products. Regular drills and simulations can help prepare teams for real-world scenarios.
IoT (Internet of Things) enables real-time tracking of goods, equipment health, and environmental conditions. Blockchain ensures transparent, tamper-proof records of transactions and shipments, thereby reducing fraud and errors. Have backup suppliers, alternative shipping routes, and pre-approved emergency budgets ready to go.
From small manufacturers to multinational corporations, organizations depend on interconnected networks to deliver materials, goods, and services in a timely and cost-effective manner. Session recording tools can track and log activity in realtime, while behavior-based alerts can flag unusual actions before they cause harm.
Think of it as a centralized hub that simplifies tasks like supplier negotiations, purchase approvals, budgeting, and delivery tracking. Heres why this matters toyou: Whether youre a small business owner, a team leader, or someone curious about streamlining workflows, understanding a can save time, money, and stress. 10 laptops). :
In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc. Travel and entertainment : Flights, hotels, meals, and employee events. Due to the sense of urgency, all parties must quickly communicate and take real-time action.
Kenco’s 2025 Supply Chain Innovation Survey found that one in four professionals now have $500,000 or more in their budget to incorporate new tools and technologies, and 39% have seen their budgets increase this year. How will the collaborators share lessons to ensure that the technology only improves with time?
According to our 2024 report, Generative AI in the B2B Marketplace , 81% of B2B businesses are already investing in AI, with 79% anticipating increasing their AI budgets within the next year. Timely, incisive articles delivered directly to your inbox. Yet these same companies have the same anxieties about investing.
Fit Score Link : This translates into high Fit Score alignment in areas like cross-functional collaboration, tech interoperability, and strategic sourcing visibility. supply chain bottlenecks) while maintaining enterprise-wide visibility. Implementation Speed : The model’s 30–50% reduction in implementation time (e.g.,
Vehicles are sidelined, drivers grow frustrated, and delivery times slip. Fleet management is a long game — budget cycles, replacement planning, technology roadmaps. Every time a fleet manager leaves, strategic initiatives are put on hold while a new leader starts from scratch, relearns the operation, and gets buy-in all over again.
Effective sourcing involves not only finding the best products but also developing relationships with wholesalers who can deliver these goods consistently and in a timely manner. Seasonal Trends and Demand Forecasting Florida’s market is highly seasonal, which impacts inventory and stock levels.
How to gain visibility and control of your indirect spend. Organizing trust-wide events like charity galas or virtual auctions can generate a lot of income while engaging the community. Its an excellent option for homeschooling parents to expand their curriculum without investing a lot of extra time and resources.
Real estate costs are soaring. You’re seeing higher throughputs, and you have to achieve them in a shorter time span,” Senn explains. “If Real estate is at an absolute premium today,” Senn says. ASRS allows operators to make use of untapped vertical space, transforming high ceilings into high-efficiency inventory zones.
Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.
Perpetual (Moving) Weighted Average Costing Walkthrough Continuous update process The perpetual weighted average method recalculates inventory cost after every transaction, providing real-time valuation accuracy. unit Ending inventory: 27 units at $12.54 = $338.58 Remaining: 7 units at $11.20 = $78.40
AI, automation, and digital tools are giving companies better visibility into their supply chains, enabling them to make faster and more informed decisions. Warehouses are becoming smarter, delivery routes are being optimized in real-time, and predictive tools are helping businesses to avoid delays before they occur.
This delay creates a dangerous blind spot for operators — higher landed costs, longer lead times and shifting sourcing patterns will start to accumulate in warehouses over the next two to 12 months. For many, this will be compounded by the risk of a recession, sharpening the consequences of excess inventory, stockouts or misallocations.
How to gain visibility and control of your indirect spend. Benefits of Effective Data Collection and Management Track Student Progress By leveraging data management systems, educators can identify trends in student performance over time. Budget planning also becomes more efficient with accurate data at hand.
Between juggling remote office setup reimbursements, tracking software subscriptions, and coordinating with vendors across time zones, its easy for things to spiral. And lets be real. Effective communication about budgets and policy enforcement doesnt always reach the entire team. Lets dig in.
How to gain visibility and control of your indirect spend. According to the 2024 National School Trust Survey , 83% of respondents plan to make the main focus of the next academic year balancing budgets. MATs can rent individual school facilities like sports halls and auditoriums to local community groups, clubs, or event organizers.
Supply chain visibility is critical for enabling more accurate demand forecasting and smarter sourcing strategic decisions. At the same time, tariffs increase the risk of supply chain disruption, as exemplified by the current trade war between the U.S. Assortment simplification. Catering to price-sensitive customers.
Many grid operators globally are already investing in this area, but gaps remain in deployment, integration, and real-time responsiveness. This allows maintenance engineers to schedule interventions more efficiently, making better use of time and resources. Predictive AI helps, first, with equipment failure prediction.
Companies of all sizes are feeling the squeeze with capital expenditures under review, operational budgets tightening, and forecasts being more cautious than optimistic. In tough times, desperation grows, and with it, opportunistic criminal activity. Lost time managing the aftermath : Investigating a security breach is rarely quick.
Nowadays, digital signs let shops connect the real and digital worlds of shopping. Improved Customer Information Digital signs let customers see up-to-date information about products, prices, and reviews in real-time. This includes changing marketing strategies and promotions and reacting to events that happen in real-time.
Shopping behaviors are shifting, and consumers are scrutinizing products and labels more than ever at the point of purchase to ensure they align with their preferences and budgets," said Bob Carpenter, president and CEO of GS1 US. Timely, incisive articles delivered directly to your inbox.
Through case studies, real-world simulations, and peer discussions, students learn how to make decisions that don’t just solve problems—but solve the right problems. The program combines in-person weekend classes with a flexible structure, allowing students to keep working full-time.
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