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Procurement transformation 2025: Why invest in procuretech and how to make the case – Prewave

Spend Matters

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.

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Using AI Collaboration to Empower the Supply Chain Workforce

Supply Chain Brain

Data privacy and employee resistance are two running-with-scissors risks. Without pragmatic, thoughtful practices, companies risk harming buyer-seller relationships, employee morale and overall productivity. What can supply chain leaders do to mitigate these risks? Make an AI alliance around key customer use cases.

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Strategic Sourcing for Enterprises: Evolving Your Approach for Long-Term Value

ivalua

At Ivalua, we help global enterprises modernize their sourcing strategy through greater visibility, data-driven decision-making and agile, connected processes. Unifying data across systems allows procurement teams to assess risk, model scenarios, and make more informed, value-focused tradeoffs.

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Indirect Procurement: Why It Gets Mismanaged and How to Fix It

ivalua

Guided buying, budget enforcement, and integrated supplier data are essential to controlling maverick spend and improving procurement visibility. Unlike direct procurement, indirect procurement typically includes categories such as software, marketing services, or travel and is often decentralized, reactive, and difficult to track.

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Spend Matters Future 5 2024 – Introducing True ValueHub

Spend Matters

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers.

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7 Ways That Poor Procurement Data Costs You Money

Procurement Software

Your poor procurement data probably means you’re losing money without even knowing it. Messy procurement data is the invisible fiend lurking in your business operations, silently draining your resources day after day. There are countless examples of how incorrect vendor or material master data can cost your organisation dearly.

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Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Who Owns It in the Enterprise Typically, direct procurement is managed by supply chain or operations teams. It also includes travel and consultant spend.