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This Spend Matters Vendor Analysis gives an overview of LightSource, a sourcing solution built for direct materials. Procurement teams that manage direct materials sourcing continue to face persistent challenges, even as digital tools become more widely adopted. This content is for members only.
Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials.
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.
This Spend Matters Vendor Analysis provides an overview of EffiGO and its source-to-pay (S2P) solution. To potential buyers The solution emphasizes communication standardization between internal and external stakeholders to provide S2P solutions to global, large-scale enterprises. This content is for members only.
The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Pest Control Services appeared first on Art of Procurement.
The combination of the above, together with strong experience in the field, means that the solution can be used on the buyer’s side to influence design decisions and on the supplier’s side to attract and develop business. Also, its approach could potentially change how the traditional sourcing process is executed.
Here at Thomas , we've been powering North Americas largest and most active network of B2B buyers and industrial/commercial suppliers for more than 120 years. We understand the challenge of finding the best and most reliable suppliers.
Supply chain reshoring and the growing number of sourcing options for industrial buyers have led to new and evolving challenges for U.S. Thomas has been helping industrial buyers with supplier discovery for 127 years, forging connections that drive U.S. million registered buyers completes more than 1.5 manufacturers.
So for the buyer, that means they must engage in contingency planning up-front and keep close communications with suppliers to make sure the information about the event is received as early as possible so that they can respond as early as possible to pre-empt as much damage as they can.
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.
In this Spend Matters Vendor Analysis we provide an overview of Onventis and its solution for source-to-pay (S2P). Source-to-pay solutions allow organizations to streamline how they manage their procurement lifecycle from start to finish. Onventis provides the above but it’s also important to note two other things about Onventis.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you! What is Source-to-Contract?
And so do the buyers of your company's products or services. By understanding what your buyers have on their plates, you can more easily accomplish one of your most important tasks — generating more leads and contributing to your bottom line. The buyer realizes a need. The buyer evaluates potential suppliers.
This Spend Matters Vendor Analysis provides an overview of Zip and its solution for intake, orchestration and source to pay (S2P). As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources.
Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. This approach ensures that business between a buyer and its suppliers is conducted in a manner that does not negatively impact society or the environment. .
Data comes from multiple sources, such as purchasing/payment systems, purchasing card data, travel and expense systems, and often multiple ERP systems. Reach out to us today to discuss all of our Source-to-Pay and Procure-to-Pay solutions. How to analyze your Tail Spend: Understanding spend data. We’re here to help.
Overall, spend analytics plays a vital role in helping procurement teams drive strategic sourcing initiatives, enhance supplier relationships and ultimately contribute to the organization’s bottom line.
What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.
OECD Due Diligence Guidance (2011) covers responsible sourcing practices. Dodd-Frank Wall Street Reform and Consumer Protection Act Section 1502 (2010) is a US law that requires companies listed on US stock exchanges to be diligent regarding the source of minerals from the Democratic Republic of Congo and surrounding areas.
Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?
Circulor has developed a platform that tracks materials from their source to the final product, allowing manufacturers to comply with such regulations and demonstrate responsible sourcing. conflict minerals) and existing and upcoming laws that hold companies responsible for the impact of their products.
China Sourcing — The Ultimate Guide of 2022. China sourcing is popular with many professionals in the field of procurement. For this article, we will discuss what China Sourcing is. We will check how sourcing in China can be best for businesses. Also, we will share some tips when sourcing goods or services in China.
To better understand the pros and cons of a GenerativeAI Gartner Magic Quadrant Mock-up, you must first understand the pros and cons of the original source, e.g., quantifying how far the AI apple actually falls from its tree or original source. Buyers might overlook Provider X if its not a Leader, even if it excels in supply chain LCA.
The knowledge of how to balance quality, cost and delivery for a part is often held by the most experienced buyers. To potential buyers CADDi Drawer is an innovative company that leverages cutting-edge AI technology to transform how manufacturing drawings and procurement data are managed. This content is for members only.
and its solution for Sourcing, Contracts, Procurement, AP Automation, Vendor Onboarding, Budgets, Reporting & Analytics and Vendor Risk Management. Companies seeking support in areas across the source-to-pay (S2P) process can struggle with managing multiple tools. To potential buyers — Zapro.ai To potential buyers — Zapro.ai
In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. The post VORTAL: Vendor Analysis — e-Sourcing and e-Procurement solution overview, roadmap, customer feedback, competitors, user considerations, analyst summary appeared first on Spend Matters.
Kaleida, which was founded by Jason Roberts in 2019, connects buyers to diverse suppliers and helps procurement functions achieve their Environmental, Social and Governance (ESG) goals while alerting supplier companies to new revenue opportunities. Kaleida’s fully inclusive platform is a golden source of data.
A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. What is Source-to-Pay? The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.
Customers want to quickly adjust sourcing strategies and build agility into their supply chains. Consult TechMatch our tech selection tool that helps procurement and finance technology buyers quickly explore the market and identify best-fit solutions.
Consult TechMatch our tech selection tool that helps procurement and finance technology buyers quickly explore the market and identify best-fit solutions. As always, reach out to discover how Spend Matters can help with your procuretech ambitions for next year.
A major difference between an RFS and an RFP is that buyers approach suppliers without knowing precisely what it is they are sourcing. By dispensing with detailed pricing and specification criteria, an RFS gives suppliers the freedom to propose innovative solutions to the buying organisation’s strategic challenges.
Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.
This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. 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. This content is for members only.
” – Steven Williams, Frito-Lay and Quaker CEO I shared the following comment in a post by Steven Williams , who started his career many years ago as a buyer and is today Frito-Lay and Quaker’s ( PepsiCo ) CEO. Being transparent and authentic about what I’m doing and then doing what I say I’m going to do.”
This Spend Matters Vendor Analysis provides an overview of CobbleStone Software and its sourcing, contract lifecycle management (CLM) and e-procurement solution. To potential buyers — CobbleStone is a user-friendly solution that also includes more advanced, AI-enabled features to compete against best-of-breed providers.
The platform has built-in functionalities for supplier management, direct material sourcing and procurement, supplier onboarding, supplier quality and supplier performance management. Supplios is a supplier collaboration platform built specifically to help manufacturers work with their direct-material suppliers.
In this article, our analyst Bertrand Maltaverne looks at sourcing optimization. What does a Sourcing Optimization solution do? Why buy a Sourcing Optimization solution Intended to yield optimal sourcing decisions in large/complex sourcing events (i.e.,
And one way to do that is to rethink where organizations source from. To potential buyers Organizations are always looking for new sources and the resilience/agility agenda that has put discovery on the top of critical procurement capabilities.
In this article, our analyst Bertrand Maltaverne looks at Sourcing. What does a Sourcing solution do? Sourcing solutions offer supporting content and services for managing market approaches (including category strategy), execution (e.g., RFx management and e-auctions) and portfolio/performance management.
In this article, our analysts Xavier Olivera, Bertrand Maltaverne and Nikhil Gaur look at source-to-contract (S2C) solutions. What does a Source-to-Contract solution do? Top 4 Source-to-Contract tech modules What’s the state of different procurement technologies in the market today and do they meet user demands?
In this article, our analysts Xavier Olivera, Bertrand Maltaverne and Nikhil Gaur look at source-to-pay (S2P) solutions. What does a Source-to-Pay solution do? Click to enlarge Contract lifecycle management (CLM) acts as the intermediary between upstream source-to-contract and downstream P2P processes.
For those who do not have robust strategic sourcing to start with, the process efficiency, particularly for order-to-invoice to get the right price, will resonate most (i.e.: Consult TechMatch our tech selection tool that helps procurement and finance technology buyers quickly explore the market and identify best-fit solutions.
We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — Halo Ai’s founder has a background in procurement and has built the tool with procurement in mind and to replace current TPRM and GRC point solutions.
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