ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. The verdict?

supply chain budgeting 221

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

ivalua

MAY 21, 2025

Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. They increase an organization’s efficiency during processes like sourcing, purchasing, supplier management, and spend analysis.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain e2e 130

Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? What is CPFR?

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Procurement Tactics

OCTOBER 18, 2022

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

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

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. In a landscape shaped by inflation, supply chain fragility, regulatory pressure and digital transformation, orchestration is more than a buzzword.

Suppliers 77

Suppliers Management Real-time Visibility Agile and Lean Supply Chain 77

Spend Matters

JUNE 2, 2025

While traditional KPIs often emphasize cost savings or budget control, aligned organizations take a more strategic approach, tracking performance indicators that reflect the joint impact of finance and procurement on business outcomes. Compare actual procurement costs against financial forecasts to improve budget accuracy.

Sustainability 66

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 66

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

APRIL 29, 2025

The series follows the methodology described in our Aligning Finance and Procurement in-depth guide , which offers a practical, structured approach to enhancing cash flow visibility, optimizing payment timing, reducing working capital risk and improving liquidity outcomes through closer collaboration between finance and procurement.

Real-time Visibility 89

Real-time Visibility e2e Procurement Management 89

Spend Matters

FEBRUARY 13, 2025

This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. That system could tell you, for example, that the company had spent $XX million with a supplier on a particular ingredient or package.

Influencing 102

Influencing Procurement supply chain budgeting e2e 102

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., Finance departments focus on spend visibility, payment optimization and cost control. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.

Stakeholder engagement 92

Stakeholder engagement Management Procurement Influencing 92

Spend Matters

JUNE 2, 2025

By using data, automation and better processes, procurement can improve financial reporting, cut costs, support budgeting and manage risks. It also plays a big role in ESG goals and building strong supplier relationships. Enable consistent supplier performance and align cost management efforts with procurement outcomes.

Strategy 66

Strategy Procurement supply chain budgeting Supply Chain Efficiency 66

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

Skill Dynamics

JANUARY 21, 2025

How can you ensure that your supply chain team are consistently up-to-speed with the modern supply chain landscape? A well-defined supply chain competency framework can be extremely useful. It typically covers key supply chain areas including procurement , logistics, demand forecasting , and much more.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Supply chain 52

SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). Below are some key areas where CPI can improve supply chain efficiency: 1. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

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 70

Real-time Visibility Procurement e2e Supply Chain Efficiency 70

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 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Demand 52

Procurement Tactics

AUGUST 25, 2022

In 2022, he was awarded the Special Mentioned Individual Award by Supply Chain Asia for his contribution to the national emergency procurement for the Covid-19 operation. Furthermore, He was voted by Supply Chain Digital as one of the top 10 procurement executives worldwide. Trillion budget. . Sheldon Mydat.

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Planergy

MARCH 19, 2025

How AP can improve relationships with your key suppliers. Effective supplier management is essential for educational institutions. Schools rely on vendors for everythingtextbooks and classroom supplies, technology, food services, and maintenance. However, budget restrictions and transparency requirements present challenges.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Spend Matters

MARCH 11, 2025

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains. But that type of engineering takes time and coordination and involves downstream suppliers.

Supply Chain Optimization 77

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 77

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 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

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

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. 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

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

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. This process ultimately leads to faster delivery times, more significant cost savings, and improved supply chain resilience. What Is Predictive Procurement and How Is It Reshaping High-Tech Manufacturing?

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Jaggaer

MARCH 7, 2025

Advanced technologies such as AI, automation, and predictive analytics are playing a pivotal role in optimizing procurement processes, enhancing transparency, and driving efficiency. Improve Supplier Collaboration Digital platforms facilitate smoother interactions, from onboarding to contract execution.

Supply Chain Efficiency 52

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

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

Skill Dynamics

FEBRUARY 4, 2025

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value. Strategic sourcing can also help reduce the overall risk in a given supply chain.

Procurement 59

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 59

Jaggaer

MAY 16, 2025

In many industries, procurement is responsible for managing significant budgets which means it holds a key lever for business performance. A prime example of this is sustainability: since a large portion of emissions lie within the supply chain, procurement holds a crucial lever here think Scope 3. Its actually quite obvious.

supply chain budgeting 52

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

Procurement Tactics

MAY 30, 2023

Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. They also analyze market trends and make recommendations to senior management on how to optimize procurement processes to reduce costs and increase efficiency.

Management 178

Management supply chain budgeting Procurement Negotiation 178

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.

Supply Chain Efficiency 178

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

SCMDOJO

MAY 6, 2022

Modern enterprises rely on supply chain software to track several activities, including manufacturing and distribution of goods. Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). What are No-code Platforms? Benefits of No-code Platforms.

supply chain software solutions 138

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 138

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . Closed loop spend management (CLSM) is an approach geared towards injecting resilience and agility into business operations by optimizing overhead costs and transforming procurement and supply chain processes. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

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 Tactics

OCTOBER 13, 2022

Strategic sourcing is a part of the supply chain and puts an emphasis on customized solutions and strategic partnerships. Additionally, it assesses the suppliers of the company to find the best supplier in the market and collaborate effectively which will enable them to establish a long-term relationship. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200