Spend Matters

FEBRUARY 26, 2024

Part of the ‘tail spend challenge’ relates how much effort it can take to understand it, acquire sufficient visibility and ‘data quality’ and address it with SxM and sourcing solutions. Here’s why Fairmarkit matters: To the market: Fairmarkit focuses on tail spend management. This content is for members only.

Market analysis 92

Market analysis Sourcing Spend management Purchasing 92

Spend Matters

JULY 10, 2023

This Spend Matters Vendor Analysis provides an overview of Proactis and its solution for source-to-pay (S2P). The complexity of S2P with its use of multiple systems to address each aspect it covers, manual processes, data quality issues and process variations can make managing the end-to-end process difficult.

Market analysis 78

Market analysis e2e Contract management Spend management 78

ivalua

JUNE 28, 2021

London, UK – 29 th June 2021 – Research from Ivalua , a leading global spend management cloud provider , has revealed almost two thirds (65%) of suppliers feel late payments are putting their company at financial risk. Ivalua is a leading provider of cloud based Spend Management solutions. About Ivalua.

Risk 130

Risk Suppliers supply chain budgeting Innovation 130

Una

AUGUST 17, 2022

A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. Taming Tail Spend. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. Quality concerns.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

ivalua

SEPTEMBER 28, 2020

It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. No PO, no Pay was born to force suppliers to add PO’s to Invoices by forcing Buyers to create PO’s. So the network providers just haven’t delivered, and only further fractured the link between buyer and supplier. .

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

Procurement Tactics

JULY 2, 2023

Laying out the relevant details such as the quality standards, quantities, and specifications of the subject goods or services as well as the other dependencies will allow for an effective collaboration and avoid misinterpretation. Provides other functions such as sourcing, contracting, supplier management, and payment management.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Una

OCTOBER 25, 2022

It enables procurement teams to leverage economies of scale and improve the quality of products and services purchased. The reduction in maverick spend, tail spend , and administrative burden of managing a huge supply base will also improve efficiency. Internal buyers are unaware of existing processes.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

ivalua

AUGUST 1, 2019

Nitor, the leader in source-to-pay transformation, and Ivalua, a leading provider of global Spend Management Cloud Solutions , announced the successful launch of the Maryland Department of General Services’ new e-procurement system, eMaryland Marketplace Advantage (eMMA), which deployed on schedule and on budget.

Bidding 100

Bidding Quality Budget Spend management 100

Una

DECEMBER 20, 2022

Suppliers that can ensure quality, reduce risk, provide great service and fair prices should be identified as preferred suppliers. In turn, they should be effectively and consistently managed. To drive more SUM within your organization, you’ll also have to focus on encouraging buyers to choose the right vendors. Efficiency.

Management 98

Management Buyers Procurement team Contract 98

Pipefy

JANUARY 30, 2024

From procure-to-pay software to spend management and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before. Contract and compliance management. To do any of these effectively, they need the right procurement technology. Purchase orders. Invoice approvals.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Planergy

OCTOBER 20, 2022

RFX – request for X – can refer to any request a buyer issues a vendor – thereby applying to any of these documents. Buyers can provide information about prices, quality, delivery times, and other important factors when purchasing. Introduction to you as a buyer and your company background.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Your catalogs are only as good as the data quality used to create them. What's Planergy? What Are the Components of Procurement Catalogs?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Planergy

JULY 21, 2023

You don’t pay for the service if no content needs to be created, so there’s no need to keep a retainer or spend money on unused services, allowing for better control over spend management. Goods have fixed prices, whereas services usually involve negotiation between buyers and sellers to reach a pricing agreement.

Management 52

Management Procurement supply chain budgeting Budget 52

ivalua

FEBRUARY 24, 2021

Redwood City, CA – Feb 24, 2021 – Ivalua , a global leader in Cloud Spend Management solutions , today announced the general availability of its new platform release 168. The release includes a broad set of innovations to help organizations better manage their spend and suppliers. About Ivalua.

Supply chain resilience 100

Supply chain resilience Supply Chain Efficiency Supply Chain Optimization Innovation 100

Procurement Software

OCTOBER 3, 2023

The same can be said for the approach to tail spend management. Realistically, only the top couple of hundred suppliers are going to be actively managed by Category Managers. Q uality problem s The same can be said for quality issues. If it doesn’t get measured, it typically doesn’t get managed.

Supplier consolidation 59

Supplier consolidation Suppliers Procurement Category management 59

ivalua

AUGUST 17, 2021

Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. . What is Direct Procurement?

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

ivalua

MAY 18, 2022

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. At the same time, organizations have never been more exposed to risk from their supply chains, from supply continuity, quality, or ESG violations.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

Planergy

NOVEMBER 1, 2022

By pre-selecting vendors that meet your organization’s standards for quality, price, and delivery, you can save time and money on the procurement process. These programs are beneficial for both buyers and suppliers. Benefits for Buyers. A preferred vendor program can be a great way to do both. Benefits for Suppliers.

Contract 52

Contract Suppliers Buyers Price 52

ivalua

JULY 24, 2019

“eMMA offers a user friendly interface that will drive transparency, quality, and compliance,” said General Services Secretary Ellington E. General Services has partnered with Nitor , a procurement services firm focused on spend management, to oversee implementation efforts of the new system.

Bidding 100

Bidding Innovation Budget Spend management 100

Claritum

FEBRUARY 4, 2020

Users will readily accept controls if they have access to the benefits of an easy to use cloud spend management platform which makes processing orders easy, quick and efficient. the right sourcing tools such as a cloud spend management platform. Claritum’s cloud based spend management platform streamlines the buying.

Real-time Visibility 41

Real-time Visibility Procurement Supply Chain Efficiency Spend management 41

ivalua

MARCH 9, 2023

Contract Management: The piece that connects the upstream and the downstream, where value starts being captured. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. Also included: supplier improvement plans, innovation plans and overall supplier collaboration.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Planergy

AUGUST 8, 2023

Single-source procurement can save time and money while ensuring accountability and quality of service. Two-Stage Tendering Two-stage tendering is a procurement method where the buyer invites tender in two stages. Effective procurement management lies in knowing which procurement method to use and when.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Empowering CPO

DECEMBER 2, 2020

As a result, in most of the companies this spend is often under managed as it demands more efforts and the rewards are low. These users are not trained as buyers and due to limited purchasing skills they end up buying products/services at higher cost without understanding the supplier market dynamics. to meet the buyer’s need.

Management 52

Management Strategic sourcing Strategic sourcing Buyers 52

Una

JUNE 15, 2023

The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge. If you start here and get this right, this provider could even help manage the rest of your procurement outsourcing for you.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. It promises to assist with improving buyer and supplier collaboration.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

ivalua

SEPTEMBER 19, 2022

Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud. That requires as close to real time sharing of information as possible, from both buyers and suppliers.

Risk management 130

Risk management Supply Chain Efficiency Risk Supply Chain Optimization 130

Planergy

JANUARY 19, 2023

It has been applied to various topics such as economics, business management, quality control, and mathematics. Ultimately this leads to smarter decision making when it comes time to purchase goods or services from vendors – resulting in improved ROI while still maintaining high-quality standards throughout the process.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Claritum

APRIL 25, 2018

In many companies problems can arise when promotional goods are by inexperienced buyers from unapproved suppliers. This can result in the products being purchased across the company having an inconsistent quality, which can be damaging to the companies brand. The benefits of purchasing promotional products.

Sourcing 32

Sourcing Buyers Purchasing Spend management 32

Procurement Software

FEBRUARY 20, 2024

Apadua Monitor is what their website describes as ‘an easy-to-use, collaborative Quality Assurance System that pays full attention to the knowledge and sentiment of each individual stakeholder.’ Weproc Weproc is a small French company offering a SaaS eProcurement software with a focus on purchasing and spend management.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Pipefy

NOVEMBER 24, 2023

An added benefit of this type of software is a no-code visual user interface, which simplifies managing and customizing workflows eliminating the need for any technical or coding knowledge. Spend management tools Spend management pertains to the collection and distribution of purchasing information, often from external parties.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Jaggaer

OCTOBER 22, 2020

Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. The procurement team consists of 40 buyers, around half of them based in the bank’s Casablanca headquarters. It has subsidiaries in Europe and in Egypt.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Software

MARCH 11, 2022

Quality or environmental standards. Vendor master data management. Automated / guided tail spend management systems. Failure to do so can result in obsolescence, quality problems or even the risk of causing breakdowns to production machinery. Vendor intake and management solutions.

Data 52

Data Raw materials Procurement Suppliers 52

Procurement Software

MARCH 11, 2022

Quality or environmental standards. Vendor master data management. Automated / guided tail spend management systems. Failure to do so can result in obsolescence, quality problems or even the risk of causing breakdowns to production machinery. Vendor intake and management solutions.

Data 52

Data Raw materials Procurement Suppliers 52

Jaggaer

JULY 23, 2019

In recent years, these complex supplier networks have posed difficult challenges for the purchasing teams that are charged with ensuring that goods are made at the right price, are delivered on time and meet the right ethical and quality standards. But the word “quality” has taken on new dimensions, posing further challenges.

Suppliers 40

Suppliers Sourcing Management Supply Chain Efficiency 40

Pipefy

MAY 23, 2023

Supplier relationship management Tension is never pleasant, but only those procurement professionals who pinpoint lacking supplier relationships can evaluate and rectify the situation. Empower and engage suppliers A fast, hassle-free onboarding process is a great way to start a buyer/supplier relationship.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Procurement Software

JULY 18, 2023

WeProc WeProc is a growing French startup company offering a SaaS eProcurement software with a focus on purchasing and spend management for SMEs. WeProc aims to facilitate the management of Purchase Orders and invoices through a simple and efficient interface. This enables teams to make decisions and remain in control.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Procurement Software

JULY 4, 2023

RPA will over time take away a lot of the need for operational buyers and purchase admin roles. Supplier audit – collecting some basic due diligence on either financial or quality performance from the supplier as part of their initial onboarding or annual audit procedure. Also useful from a quality management perspective.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52