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

ivalua

JUNE 12, 2025

Misaligned Goals Between Finance, Legal, and Procurement Finance, legal, and procurement often view spend data through different lenses – budget, compliance, or supplier value, for example. For example, a healthcare organization may use quarterly spend trend analysis to adjust purchasing volumes and avoid year-end budget overruns.

supply chain budgeting

Skill Dynamics

JANUARY 14, 2025

Finance and Cost Management Being able to efficiently and effectively manage and control procurement budgets and general costs will lead to stronger financial control across your business , increased cost efficiencies, and a better allocation of resources, which allows you to enhance profitability and improve your team.

Procurement

Supply Chain Game Changer

JULY 19, 2025

Budget constraints are a constant challenge, yet maintaining high product quality is just as crucial. Instead of focusing solely on unit prices, consider the Total Cost of Ownership (TCO). It’s an age-old procurement dilemma: cost vs. quality. How do you navigate geopolitical uncertainties? The key to success?

Supply Chain Efficiency

Spend Matters

JUNE 24, 2025

Align catalog content with sourcing policies, pricing contracts and regional availability. Even when a user does not start with a catalog, the system must ensure that appropriate purchases align with preferred content, correct pricing and vetted suppliers. It must enforce policy, respect budget and guide execution.

Procurement

Supply Chain Game Changer

AUGUST 11, 2025

Prices here shift constantly as currencies fluctuate against each other. Forex volatility refers to these frequent and sometimes unpredictable price changes. For instance, if a currency weakens against another, importers must pay more in their local currency to cover costs priced in foreign currencies.

supply chain budgeting

ivalua

JULY 3, 2025

Capturing Value: A contract is established that governs the responsibilities and obligations of both supplier and buyer, as well as when the organization has the right Procure-to-Pay processes in place, to ensure compliance to those agreements, goods, services, and prices. It continues through production and the product’s end-of-life phase.

supply chain budgeting

Procurement Software

JULY 6, 2025

Even in direct materials procurement, it’s challenging to get recognition for crucial work like deferring commodity price increases or offsetting inflation to maintain current price levels. With indirect spend, we’re often dealing with one-time purchases with no previous price history.

Procurement

ivalua

JUNE 5, 2025

It begins once a supplier has been selected and pricing has been agreed upon. 1) Procurement optimizes TCO; purchasing focuses on price per unit Procurement looks at total cost of ownership (TCO), including quality, risk, and long-term value. Purchasing is concerned with getting the right item at the best price at the moment.

Purchasing

Procurement Insights

JANUARY 3, 2025

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.

Agile and Lean Supply Chain

Spend Matters

MARCH 25, 2025

Flexible pricing models, including pay-as-you-go, subscription-based and custom enterprise agreements. AWS Cost Explorer and Budgets, integrating AWS Marketplace expenditures into broader financial management tools. Procurement features and capabilities Standardized contract templates that can be reused across multiple transactions.

Procurement solutions

ivalua

JULY 8, 2025

They guide users through compliant purchasing paths and automate approvals, ensuring every request aligns with the budget and the organization’s business goals. Key Capabilities Catalogs: Offer guided buying through approved vendor catalogs, with contract pricing and policy-aligned options.

Sourcing

Supply Chain Game Changer

JUNE 9, 2025

Pricing and Payment Terms Pricing is a critical factor in choosing the right electronic components distributor. While you don’t want to compromise on quality, finding a distributor who offers competitive pricing can significantly impact your project’s budget.

supply chain budgeting

TYA Suite

OCTOBER 27, 2024

facilitate the evaluation and selection of vendors based on various criteria, such as price, quality, and delivery performance. Streamlined Vendor Evaluation and Selection Choosing the right vendor is critical to ensuring quality products and services at the best prices. available, each offering different features and capabilities.

supply chain software solutions

TYA Suite

AUGUST 12, 2025

It involves carefully assessing potential vendors based on factors such as quality, pricing, reliability, service capabilities, and long-term value. While pricing is a factor, total value matters more. A good seller provides value that goes beyond the purchase price. Vendors must meet agreed delivery timelines.

Supply Chain Efficiency

ivalua

AUGUST 12, 2025

Unlike transactional buying, which can be reactive, price-driven, and disconnected from broader business strategy, strategic sourcing brings a value-focused mindset to supplier selection and management. That means choosing suppliers not just based on price, but on their ability to deliver quality, reliability, and strategic value over time.

Strategic sourcing

Fraxion

JULY 9, 2025

More often the signs are n ot immediately obvious : delayed approvals, budget surprises, inconsistent vendor pricing, and overwhelmed accounts payable (AP) clerks. If you’ve ever said, “We didn’t realize we were over budget until it was too late,” or “Why are we buying from five different vendors for the same item?”

Procurement

TYA Suite

JUNE 2, 2025

But purchasing is more than just placing orders, it's a structured process that ensures the right items are bought, from the right sources, at the right price, and at the right time. However, it can also lead to inconsistent pricing, supplier duplication, and reduced visibility over overall spending if not managed properly.

Purchasing

TYA Suite

JUNE 12, 2025

The procurement team can evaluate suppliers based on past performance, pricing, delivery timelines, and compliance status. Based on parameters like budget limits, department, or item category, the system automatically forwards the request to the right stakeholders. Automated alerts are triggered if any irregularities are detected.

Real-time Visibility

Procurement Software

MARCH 16, 2025

If suppliers dont have to spend as much time managing your inefficient and frustrating processes, it will lead to stronger partnerships, as well as better pricing and improved service levels. If internal stakeholders can easily track order status, access budget reports, submit purchase requests without lengthy email chains, its a great start.

Procurement

Procurement Express

DECEMBER 24, 2024

Purchasing is about getting the right stuff at the right time from the right suppliers for a fair price without blowing up your budget or your supplier relationships. Purchase control is the process of managing and regulating business purchases to ensure they align with the organizations budget, policies, and operational needs.

Purchasing

Supply Chain Game Changer

JULY 19, 2025

These costs impact overall business expenses and, in turn, affect pricing strategies. Choosing the right Incoterm can help businesses manage freight costs more effectively, depending on their logistics capabilities and budget. Keeping an eye on fuel price trends and opting for more fuel-efficient carriers can help mitigate these costs.

supply chain budgeting

TYA Suite

APRIL 13, 2025

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. It ensures purchases are necessary, fit the budget, and follow company rules, preventing overspending or mistakes.

Purchase orders

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. It gets worse. It is not just embedded in the tools we buy.

Procurement team

Arkestro

DECEMBER 5, 2024

Optimized contract terms: By analyzing data, suggest optimal contract terms, including pricing, payment schedules, and delivery timelines. Identifying concession points: Pinpoint areas where concessions might be necessary to reach an agreement while maximizing the buyer’s value. Subscribe to news from Arkestro.

Supply Chain Optimization

Finale Inventory

NOVEMBER 20, 2024

Whether optimizing pricing, managing inventory , or strategizing your marketing campaigns, the key takeaway was clear: agility, planning, and data are your best friends. Master Pricing and Promotions Dynamic pricing is a must. Automating price adjustments ensures you remain competitive while protecting margins.

Inventory

ivalua

MAY 29, 2025

Procurement teams negotiate long-term contracts to lock in pricing, mitigate supply chain risk , and ensure supply continuity. When procurement fails to enforce contract terms such as agreed pricing or delivery schedules, those lapses can result in unexpected cost variances or supply delays.

Supply chain management

SCMDOJO

MAY 13, 2025

It helps your team stay on time, safe, and on budget. Fuel That Goes the Distance Gas and diesel prices change all the time. Whether you’re browsing listings or noticing a box truck for sale that fits your needs, it’s worth looking deeper than just the price tag. Size matters too. Some jobs need a big truck.

Logistics

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

Procurement Express

MARCH 9, 2025

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. A purchase order (PO ) is a commercial document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services. The good news?

Purchase orders

Procurement Software

MAY 18, 2025

Cloud-based options often offer pay-as-you-grow pricing models. This makes them accessible even with limited budgets. Today’s technology landscape offers solutions for every budget and maturity level. Then gradually incorporate specialised procurement solutions as budget allows.

Procurement

Spend Matters

FEBRUARY 27, 2025

If all you have is an ERP system and no budget, you have to make the most of what you have, and Ive seen this in some companies. Then you have the big suites and of course the point solutions which for smaller businesses might be the answer with their lower price points. Dirty data will only sabotage your mission.

Procurement

Jaggaer

MARCH 20, 2025

Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements. Budget Shortfalls First, the good news. Decentralized buying often results in fragmented contracts with inconsistent pricing and terms.

supply chain budgeting

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

Procurement Software

FEBRUARY 9, 2025

The procuretech space is dominated by solutions geared towards larger enterprises with substantial budgets. Affordable Pricing Cost-effectiveness is a cornerstone for SMEs. We want to democratise access to procurement tech for those who don’t have a budget. Pricing: What do these solutions typically cost?

Procurement

Planergy

FEBRUARY 24, 2025

This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints. Contract Negotiation Skilled negotiation helps educational institutions secure favorable terms, competitive pricing, and flexible agreements that adapt to changing institutional needs.

Procurement

Jaggaer

MARCH 24, 2025

Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks. How JAGGAER Helps: CPOs who leverage JAGGAERs robust AI-powered tools identify emerging risks, forecast price volatility, and evaluate supplier performance with precision.

Procurement