Spend Matters

MAY 20, 2025

It requires a structured approach to ensure financial visibility, risk management and cash flow efficiency. Inefficiencies in working capital management: Lack of alignment in supplier payment strategies affects liquidity. Cash flow visibility and forecasting: Are finance and procurement working with the same data?

Collaboration 69

Collaboration Real-time Visibility Procurement Suppliers 69

Jaggaer

MARCH 7, 2025

Why Modernizing Government Procurement Matters Government procurement is a complex process, often involving multiple stakeholders, large-scale budgets, and stringent regulatory requirements. Traditional procurement methods can lead to inefficiencies, delays, and cost overruns.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Spend Matters

APRIL 30, 2025

The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation often without additional headcount or budget. Proactive demand management : Orchestration allows procurement to anticipate rather than react. From there, workflows adapt in real time. AI suggests actions.

Suppliers 83

Suppliers Management Real-time Visibility Agile and Lean Supply Chain 83

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? Point-of-use data capture. The post ERP vs.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Planergy

MAY 8, 2025

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These portals improve real-time visibility into purchase orders, payment timelines, and dispute resolution, directly enhancing vendor satisfaction. [5]

Strategy 52

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

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 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Spend Matters

FEBRUARY 25, 2025

Time and resources can also be a stopping point. Add to that lack of water-tight contracts, badly negotiated terms, money leakage, non-compliance Yet at the end of the day, its the business that has the most to gain: getting rid of inefficient manual data processes and paper-based comms trails, gaining visibility and reducing risk.

Real-time Visibility 116

Real-time Visibility e2e Procurement Negotiation 116

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? Continuous Learning: AI agents refine workflows using real-time market data, closing gaps in analytics and automation.

supply chain budgeting 52

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

Jaggaer

MARCH 24, 2025

These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Spend Matters

APRIL 4, 2024

Compliance and risk management is a growing and interesting use case of GenAI for procurement, finance and, of course, legal operations. Its uptake is only going to grow as organizations begin to rely on its power to tackle big business issues, such as third-party risk management (TPRM).

Real-time Visibility 112

Real-time Visibility Management e2e Risk management 112

Procurement Insights

MAY 22, 2025

is a leading AI-powered platform specializing in third-party risk management, compliance, and supplier lifecycle automation. AI-First Automation: AI is built into every step, simplifying workflows, automating processes, and delivering real-time insights for compliance, onboarding, KYC/AML, contract management, and ESG initiatives.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting Stakeholder engagement Agile and Lean Supply Chain 40

Procurement Tactics

OCTOBER 16, 2022

The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Financial management. Visibility of the workflow. Before the creation of ERP systems, the coordination of the involved parties in the project is time-consuming and takes a lot of effort. . CAD interface.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

SCMDOJO

APRIL 15, 2025

This structure adds a legal buffer while allowing for operational flexibilitymaking it a smart foundation for risk management. Dont Put All Your Products in One Basket: Diversification & Supplier Risk Management If your entire supply chain depends on a single supplier, youre one hiccup away from disaster.

Agile and Lean Supply Chain 68

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting supply chain software solutions 68

TYA Suite

OCTOBER 27, 2024

With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Procurement management tools offer features that enable businesses to track supplier performance, manage communications, and evaluate vendor reliability.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

TYA Suite

JANUARY 27, 2025

The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. From sourcing construction materials to hiring contractors, a well-organized is essential for timely project completion and cost control.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

Planergy

FEBRUARY 24, 2025

While less visible, these procurement areas are crucial for maintaining a functional educational environment. This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints. Though it makes budgeting a bit more complex , its often worth it.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. Budgetary pressures: High inflation can disrupt budget planning and forecasting.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Planergy

MARCH 18, 2025

Download Free Copy Supply Chain Disruptions in Schools: Challenges and Solutions Category Inventory Written by Keith Murphy 17 min read Tags Education Risk Management Supply Chain Management Last edited March 18, 2025 Download PDF KEY TAKEAWAYS Efficient school supply chains are critical for maintaining consistent educational services.

supply chain budgeting 52

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

FourKites

DECEMBER 23, 2020

One additional area of focus is risk management, which, if left unchecked, can cause unexpected expenses to skyrocket within the other three budget areas. When creating a strategy for improving the productivity of your supply chain, you should analyze your costs within the following four areas: Staff time.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility supply chain budgeting Supply Chain Optimization 52

TYA Suite

MAY 13, 2025

It ensures that every team has the right resources at the right time, without delays or extra costs. The procurement team reviews these requests to ensure theyre aligned with the companys budget and strategy. Over time, these enhanced collaborations improve supply chain stability and can even lead to co-innovation opportunities.

Procurement 40

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 40

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Supply Chain Optimization Real-time Visibility 19

Spend Matters

JUNE 19, 2023

They also improve access to contract information and drive more effective and timely purchasing decisions through the re-use of information to create contract terms and notifications of when to take critical actions. Click to enlarge Contract Lifecycle Management plays a crucial role in organizational risk management.

Contract 104

Contract Management Negotiation Real-time Visibility 104

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. At the same time, the number of young, able-bodied construction workers has decreased by 8% over the past decade, further exacerbating the industry’s labor shortage.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Continuously monitor and adjust Implement mechanisms to monitor performance against plans and targets.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

Procurement Software

MARCH 11, 2022

This is a great tool to get started with if getting the budget for the necessary investment is proving to be a challenge. A team of Category Managers will likely require more granular features at line item level. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

This is a great tool to get started with if getting the budget for the necessary investment is proving to be a challenge. A team of Category Managers will likely require more granular features at line item level. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

IBM Supply Chain Blog

MARCH 29, 2024

Existing network assets are aging, and more intelligent asset management strategies must emerge to maintain and replace the grid within tightening budgets. Asset investment planning must find a balance between these systems while minimizing risk and carbon footprint.

Networking 63

Networking Management e2e Real-time Visibility 63

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time. with a new CFO, or new budget.

Procurement strategies 113

Procurement strategies Innovation Strategy Procurement 113

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. By establishing standardized workflows and decision rules, BPM streamlines the claims process by reducing processing times and minimizing errors.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. The platform also offers supply and risk management insights.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

IBM Supply Chain Blog

JULY 27, 2023

More recently, these systems have integrated advanced technologies like Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) to enable predictive analytics and real-time monitoring. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Real-time Visibility 55

Real-time Visibility Inventory Budget Management 55

TYA Suite

SEPTEMBER 25, 2024

However, the is fraught with risks that can impact a company’s bottom line and operational efficiency. Effective procurement risk management is essential to ensure smooth operations and safeguard the organization’s interests. Understanding these risks is the first step toward effective procurement risk management.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Procurement Software

JULY 9, 2024

Integration with Supply Chain Direct procurement technology often requires seamless integration with the supply chain management (SCM) systems to optimise production schedules and meet market demands. This integration allows for real-time tracking of direct spend and the efficient management of direct procurement categories.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Zycus Cognitive Procurement

FEBRUARY 14, 2022

With reduced cycle times, also comes the opportunity to earn early payment discounts. Craig Vaream, Managing Director, J.P The need for better risk management and business continuity program. Thus, in simple terms, automation is redefining management. This generates savings that add up over time. Conclusion.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Supply Chain Efficiency Budget 40

Una

APRIL 9, 2024

It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. Not to be dramatic, but that amount of money added back into your budget has the potential to literally transform your business. What would an extra 18-22% added back into your budget mean for your business?

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52