Spend Matters

FEBRUARY 13, 2025

However, although Utz Brands enjoys a long and successful history, Ron understood that he had to be prudent and efficient with the dollars available to invest in technology because he did not have the budget that larger competitors have to spend. Until then, the company had used its ERP system for most of its opportunity assessment research.

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

ProcurePort

DECEMBER 14, 2021

Spend management also captures related processes such as product lifecycle management, inventory management, supplier information management, budgeting, analytics, […]. Business spends management addresses all the ways employees spend money within an organization.

Spend management 246

Spend management Management Budget Inventory 246

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., Suppliers and external partners contribute another layer of complexity, as they rely on procurement systems for seamless onboarding, data accuracy and operational efficiency. largely control procurements level of influence.

Stakeholder engagement 97

Stakeholder engagement Management Procurement Influencing 97

Spend Matters

APRIL 29, 2025

Through this series, well explore how organizations can overcome these challenges by strengthening finance-procurement collaboration ultimately improving financial predictability, supplier stability and overall cash flow performance.

Real-time Visibility 95

Real-time Visibility e2e Procurement Management 95

Spend Matters

MAY 27, 2025

Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management. Ensure procurement data is linked to financial dashboards Procurement spend data must be available in real-time for financial forecasting and budget adjustments.

Real-time Visibility 77

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 77

Planergy

MARCH 19, 2025

How AP can improve relationships with your key suppliers. Effective supplier management is essential for educational institutions. Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. What is Supplier Management?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Spend Matters

MAY 13, 2025

While finance focuses on extending days payable outstanding (DPO) and maintaining liquidity buffers, procurement is driven by supplier relationships, cost reductions and efficiency improvements. Increased compliance risks, stemming from poor oversight of supplier agreements.

Real-time Visibility 84

Real-time Visibility e2e Procurement Suppliers 84

Spend Matters

JANUARY 7, 2025

This leads to redundant purchases, budget overruns and a lack of accountability. Think of all suppliers as partners integral to operational efficiency. Poor supplier performance can lead to delays, unmet project timelines and increased costs, ultimately affecting your organizations ability to meet its goals.

Procurement 119

Procurement Purchasing Vendor relationships Suppliers 119

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Requisitioners see expected delivery dates, Managers their budget consumption, Accounts Payable their pending invoices. Rules and workflow engines automate this part for you.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023.

Price 177

Price Suppliers Quality Negotiation 177

ivalua

SEPTEMBER 13, 2020

At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Spend is led away from preferred suppliers. Lots of new suppliers added on a regular basis. Case in Point.

e2e 204

e2e Procurement Budget Contract 204

Spend Matters

MAY 6, 2025

Phase 1 Understanding the foundations While finance focuses on extending days payable outstanding (DPO) to manage working capital, procurement prioritizes the sustainability of supplier relationships. Mitigating financial risks related to currency fluctuations, interest rates and supplier defaults.

Supply Chain Optimization 82

Supply Chain Optimization Real-time Visibility Supply Chain Efficiency Procurement 82

Procurement Tactics

JULY 2, 2023

Budget Control When it comes to maintaining budgetary control throughout the entire procurement process, job orders are crucial. Managers and businesses may be able to monitor their expenditures in comparison with the approved and allocated budget by indicating expected costs and financial parameters in a job order. A clear budget 4.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

JULY 20, 2023

5 Best Global Concrete Product Suppliers Study Procurement Study Negotiations 1. Holcim [link] With a softer demand in concrete building materials for 2 consecutive years due to the pandemic and inflation, Holcim thrives and still holds its top spot as the leading manufacturer and supplier of concrete products.

Price 193

Price Suppliers Sustainability Negotiation 193

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Spend Matters

FEBRUARY 26, 2025

Despite the cold weather, the room was filled with passionate public procurement practitioners and suppliers who were eager to chat and learn. Its ability to match suppliers with buyers in the public sector and address complex governmental structures and processes has played a key role in its ongoing success.

Procurement 119

Procurement Bidding Contract management Data 119

Procurement Tactics

MAY 22, 2023

Having clear evaluation criteria not only improves confidence in supplier selection but also sets expectations, ensures high-quality responses to the RFP, and promotes fairness and transparency in the process. Of course, if the bid is much higher than the budget, then the company is more likely to not accept that bid.

Bidding 212

Bidding Budget Negotiation Quality 212

Procurement Express

JANUARY 8, 2025

Real-time tracking highlights budget risks early. Accurate payments keep suppliers happy and stress low. With a large team of producers managing multiple projects and suppliers, staying on top of finances is critical to their operations to ensure budgets are met and suppliers are paid accurately and on time.

Budget 52

Budget Purchase orders Suppliers Purchasing 52

Spend Matters

APRIL 15, 2025

This role focuses on reducing supply chain risks through improved relationships, audits, and comprehensive evaluations of supplier performance at all levels of the chain. By fostering collaboration with suppliers, procurement teams and other stakeholders, category managers are key to promoting and embedding transformation initiatives.

Procurement 102

Procurement Category management Chief Procurement Officer Risk management 102

Procurement Templates

FEBRUARY 13, 2024

Focus on Cost-Cutting: Procurement teams are accustomed to seeking the best deals and negotiating prices, potentially leading to a focus on budget constraints rather than the sentiment behind Valentine’s Day.

Procurement 264

Procurement Procurement team Budget Negotiation 264

Supply Chain Brain

JUNE 13, 2024

But those seeking to shrink plastic usage can find it difficult to budget, forecast and make nimble decisions. Manufacturers are making strides to reduce their plastic footprint.

Suppliers 105

Suppliers Budget 105

ivalua

JULY 6, 2020

Most public organizations are used to accepting bids from suppliers in paper form, delivered to their offices. With Ivalua for Public Sector , however, our flexibility would enable you to configure a streamlined supplier account request process and bid solicitation platform, so that suppliers could securely upload sealed bid packages.

Innovation 246

Innovation Bidding Budget Suppliers 246

Spend Matters

MAY 22, 2025

Of course, once you have the funding, then you have to make sure you choose the right technology for the purpose.

Purchasing 73

Purchasing Procurement strategies Supply Chain Efficiency Risk 73

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. It enables the company to foster a deeper collaboration with its suppliers.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

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 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Spend Matters

JULY 27, 2023

A well-run supplier onboarding program is essential for any business that wants to ensure a smooth and efficient procurement process. By taking the time to onboard new suppliers properly, you can help to mitigate risks, improve communication and build strong relationships. The system should be easy to use and update.

Suppliers 98

Suppliers Supply Chain Efficiency Risk management Procurement team 98

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? Example: During a tariff spike, agents switch suppliers or adjust logistics routes, capping cost overruns.

supply chain budgeting 52

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

Procurement Insights

MAY 8, 2025

For example, SAP Ariba uses AI for supplier risk scoring, but its core mission is procurement, not AI development. Their solutions are validated by case studies showing measurable improvements in procurement efficiency, supplier evaluation, and inventory management. What’s The Connection Between AI and ProcureTech Providers?

Supplier relationship management 83

Supplier relationship management Contract Procurement Innovation 83

Procurement Tactics

JUNE 22, 2023

A purchase order is simply a document that a buyer sends to a supplier to request goods or services, which outlines the order’s details, including the quantity, price, delivery, and payment terms. First, it ensures clear communication between the buyer and the supplier, eliminating potential misunderstandings or disputes.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

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. 2) Planning & Budgeting Planning is a crucial part of any business activity. It helps determine the accuracy of supplier pricing.

Price 56

Price Purchasing supply chain budgeting Raw materials 56

Procurement Tactics

DECEMBER 6, 2022

Spend management aims to maximize value from company spending while lowering costs, mitigating financial risks, and enhancing supplier relationships. Spend management usually includes strategic procurement processes such as category management, supplier management, inventory management, and product development. . Create a strategy.

Spend management 172

Spend management Management Real-time Visibility Budget 172

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. These could be amended, scrapped or introduced by current and future administrations.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

Spend Matters

FEBRUARY 25, 2025

However, adoption (by teams, by stakeholders, by suppliers) is not a reality for most organizations. think emails and spreadsheets), and that means catering to the many suppliers, matching their needs and abilities. Whats the scope (categories, suppliers, geographical locations, processes? Adoption will not happen automatically.

Real-time Visibility 116

Real-time Visibility e2e Procurement Negotiation 116

Procurement Tactics

JUNE 28, 2023

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored. This approach promotes efficiency throughout the whole procurement process.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

SEPTEMBER 13, 2020

At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Spend is led away from preferred suppliers. Lots of new suppliers added on a regular basis. Case in Point.

e2e 147

e2e Procurement Budget Contract 147