ivalua

JUNE 9, 2025

We’ve seen AI take over everyday tools and search engines; AI in Sourcing and Procurement is becoming a strategic tool in our kit, At Ivalua, we are helping global procurement teams integrate AI across the Source-to-Pay process, bringing automation, insight, and agility to every step. Supplier risk adds even more complexity.

Sourcing

ivalua

JUNE 17, 2025

The rise of AI technology combined with Source-to-Pay (S2P) digitization are becoming key allies for leading procurement teams in their quest for ever smarter workflows, improved insights, and data-based decision-making. This makes it difficult for procurement teams to assess their impact or plan responses.

Sourcing

Spend Matters

MAY 1, 2025

A well-structured transformation journey ensures organizations progress from basic digitalization to advanced AI-driven procurement, enabling smarter decision-making, better compliance and optimized supply chain performance. When procurement lacks visibility into budget constraints or supplier performance, inefficiencies arise.

Real-time Visibility

ivalua

JULY 23, 2025

E-procurement is a digital process spanning the entire procurement lifecycle, from sourcing and contracting to ordering, invoicing, and payment. This connectivity helps to eliminate spreadsheets, email threads, and manual approval bottlenecks that can slow down processes and drive up costs.

Real-time Visibility

ivalua

JULY 21, 2025

Key Takeaways Modern procurement systems streamline the entire Source-to-Pay lifecycle by integrating sourcing, contracting, purchasing, and supplier management into a single platform, enabling better visibility, compliance, and control across the enterprise.

Real-time Visibility

SCMDOJO

JUNE 11, 2025

The company’s success, along with the quality of its products and a good team, depends heavily on effective supply chain management. In this context, MacBooks are increasingly becoming the backbone of supply chain teams. Mac in Team Supply Chain Collaboration.

Supply Chain Efficiency

Spend Matters

FEBRUARY 13, 2025

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.

Influencing

Supply Chain Game Changer

JULY 19, 2025

Subscribe Digital Procurement Improves Supply Chain! By anticipating supply chain fluctuations, securing backup suppliers, and improving communication with vendors, you can minimize delays and ensure a steady flow of materials. To stay ahead, regularly reassess your supply chain strategy. Diversification.

Supply Chain Efficiency

ivalua

JUNE 5, 2025

Procurement is the strategic, big-picture approach to sourcing and supplier relationship management, while purchasing is the tactical execution of those plans. Procurement is the end-to-end process of identifying business needs, sourcing goods and services, negotiating contracts, and managing supplier relationships over time.

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

Supply Chain Game Changer

JULY 28, 2025

However, this industry, like many others, is not immune to the complexities of modern supply chain challenges. From material shortages to logistical bottlenecks, custom home builders are facing a range of obstacles that threaten project timelines, budgets, and client satisfaction. appeared first on Supply Chain Game Changer™.

supply chain budgeting

Spend Matters

MAY 27, 2025

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.

Real-time Visibility

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Core Competencies in the Procurement Framework Sourcing Involves identifying and evaluating the best suppliers to secure high-quality goods and services.

Procurement

Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.

Sourcing

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.

Procurement

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.

Procurement

Supply Chain Brain

JULY 23, 2025

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. What can supply chain leaders do to mitigate these risks? Yet these same companies have the same anxieties about investing.

Supply Chain Optimization

Supply Chain Game Changer

MARCH 12, 2025

Subscribe Supply Chain Challenges in the Automotive Industry! The automotive industry is a vast and intricate network, with supply chains stretching across continents to churn out the cars we drive every day. Let’s unpack the most common issues jamming up automotive supply chains.

Agile and Lean Supply Chain

SCMDOJO

APRIL 15, 2025

Consider this your business suddenly faces a major supply chain disruption. But the truth is, a fragile supply chain can make or break your companys success in today’s world. But the truth is, a fragile supply chain can make or break your companys success in today’s world.

Agile and Lean Supply Chain

Supply Chain Game Changer

JULY 30, 2025

Subscribe Supply Chain Challenges and Strategies in the Custom Home Building Industry! As demand for high-end outdoor construction grows, so too does the complexity of sourcing the materials to construct them. Let’s see how supply chains impact the quality and creative potential of outdoor deck builds these days.

Supply Chain Efficiency

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items.

Supply Chain Efficiency

ivalua

MAY 21, 2025

Unfortunately, outdated tools and fragmented processes make it difficult to maintain visibility across the supply chain and adapt at the pace of business. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.

Real-time Visibility

HICX

AUGUST 11, 2025

Streamlining procurement processes is essential for running a smooth and efficient supply chain. Integrating procurement activities ensures that each step aligns with business goals and reduces costs while maximizing value. Managers can track expenditures against budgets and quickly identify discrepancies.

Supply Chain Efficiency

Spend Matters

FEBRUARY 5, 2025

Low adoption rates: Technologies like e-sourcing have been available for years, yet adoption among companies sits at around 60%-70%. Technology alone cannot deliver change without a clear purpose (or meaning or why). And this can look even worse when considering the supplier side of the equation. Lets explore these aspects.

Procurement

SCMDOJO

MARCH 24, 2025

A favorable variance indicates that the company is spending less than planned, whereas a positive outcome means the company is spending more than the planned budget. Every business aims to increase its profit margin, and one effective way to achieve this is by cutting costs. per unit, reducing the actual cost to $90,000.

Price

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

Spend Matters

APRIL 17, 2025

Also, not having a proper requirement management process negatively impacts a projects budget, schedule or quality. Making development, testing, and acceptance challenging and strenuous as there is no source of truth of what the deliverables should be. And buying the right tool starts with developing the right requirements.

Change management

Spend Matters

APRIL 15, 2025

Manufacturing and industrials: Strengthening the supply chain backbone In the manufacturing world, procurement is about much more than just tracking spend its the heartbeat of supply chain management. Supply network modeling, now integrating large language models (LLMs), allows for precise tracking and material tracing.

Real-time Visibility

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., One of the most effective ways to achieve this is by using data-driven storytelling to showcase procurements role in cost savings, efficiency gains and risk management. largely control procurements level of influence.

Stakeholder engagement

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. Here are seven challenges that your institution might be tackling: 1.

supply chain budgeting

Procurement Insights

APRIL 5, 2025

Estimating the cost for an average procurement professional to attend the five conferencesDigital Procurement World (DPW), ISM Annual Conference, Procurement Leaders (World Procurement Congress), SIG (Global Executive Summit), and Supply Chain Canada National Conferencerequires factoring in registration fees, travel, and accommodation expenses.

supply chain budgeting

Supply Chain Brain

AUGUST 10, 2025

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. What’s the underlying issue?

supply chain budgeting

Spend Matters

JUNE 26, 2025

This year’s findings present a picture among ‘Digital Masters’ of a decisive upswing in investment in procurement technology to the tune of 20% of their budget – nearly twice that of 2023. More than two-thirds prioritize greater visibility into the supply chain and two-thirds on enhancing supplier information sharing and collaboration.

Procurement team

Let's Talk Supply Chain

MARCH 24, 2025

In the intricate dance of the global electronics supply chain, a disruptive force has emerged, sending ripples of chaos through its intricate web of interconnected components. Welcome ‍to the frontline of change in the world of electronics supply chains.

supply chain budgeting

TYA Suite

JUNE 12, 2025

It enables organizations to shift from reactive purchasing to proactive planning, laying the groundwork for better outcomes across the entire sourcing and supply chain function. When requests are complete and accurate from the beginning, procurement professionals can move faster through sourcing, negotiation, and 6.

Procurement

Procurement Insights

NOVEMBER 18, 2024

Choosing the best source for procurement and supply chain information and practical guidance depends on your organization’s needs, the type of advice you seek, and the stage of your procurement transformation. Downsides : High cost and potential misalignment with small or medium-sized enterprises.

Supply Chain Efficiency

Procurement Software

MARCH 16, 2025

By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins. These small but impactful changes set the stage for sustained cost savings and strategic decision-making.

Procurement