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

ivalua

Key Takeaways Unified sourcing platforms help connect planning, sourcing, and spend visibility for both procurement types, driving efficiency and competitive advantage. Capturing off-contract or “maverick” spend provides visibility into gaps and opportunities for consolidation. What Is Direct Procurement and How Does It Work?

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What is Source to Pay? Steps, Benefits, and Best Practices

Jaggaer

Everything You Need to Know End-to-end process and end-to-end solution may be one of the most overworked phrases in business and IT. 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.

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Expanding the influence and impact of Procurement

Spend Matters

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. The most significant impact of implementing a spend analytics solution was providing the visibility and details behind the dollars spent on various Indirect spend categories.

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The New Procurement Reality: Thriving Amid Policy Shifts, Logistics Gaps & Demand Swings

Jaggaer

In short, demand latency has increased because supply chains have become more fragmented, buffered, and risk-averse while real consumer demand has grown more volatile and less visible to upstream partners. For example, category management in procurement means something completely different to category management in the channel.

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Source-to-Pay Digital Transformation: Roadmap for Efficiency and Resilience

Jaggaer

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility.

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Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement

Jaggaer

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting.

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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

Value chain : Transparency in operations and across multiple supplier tiers gives you visibility into potential gaps in supply continuity. Information sharing through supplier collaboration supports effective inventory management and enables you to plan proactively while identifying risks such as shortages and delays.