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Procurence: Vendor Analysis, 2022 Update (Part 1) — SxM and main new modules overview, market analysis and tech selection tips

Spend Matters

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). Procurence’s solution (Meercat) provides customers with rich features to manage their suppliers and their risk, emphasizing supply quality management and project-based procurement.

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The Key to Successful Procurement Negotiations? Be Prepared!

Jaggaer

It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer -supplier relationship. It’s often said that the most challenging negotiations are not the ones with suppliers, but rather the internal ones.

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How To Measure And Maximize Procurement ROI In 2023?

TYA Suite

You should take a step back and examine how sourcing works in your company if you don't currently have a procurement management strategy in place or if it hasn't been updated in a while. Keeping track of and approving purchase requests Establishing a three-way match and quality management Do not be misled; this is not a quick process.

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How Digital Procurement Tools Can Eliminate Busy Work

Procurement Software

RPA will over time take away a lot of the need for operational buyers and purchase admin roles. Another use of AI is in the contract management space. Here, it can be deployed to spot common contract terms which are unfavourable. Also useful from a quality management perspective.