Remove Category management Remove Purchasing Remove supply chain budgeting
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Enterprise Spend Analysis: How to Reduce Cost and Risk

ivalua

Misaligned Goals Between Finance, Legal, and Procurement Finance, legal, and procurement often view spend data through different lenses – budget, compliance, or supplier value, for example. Contract Spend Analysis: Tracks spend against contract terms to uncover leakage, ensure value realization, and reduce cost inefficiencies.

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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. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations.

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What Is E-Procurement? Understanding Modern Digital Procurement Systems

ivalua

Unlike basic online purchasing tools, a sophisticated e-procurement system provides an integrated solution that connects all procurement functions. This connectivity helps to eliminate spreadsheets, email threads, and manual approval bottlenecks that can slow down processes and drive up costs.

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Strengthening procurement – Transforming through people and skills

Spend Matters

In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions. Procurement MVPs are key to transforming the function from a cost-reduction focus to one of the greatest value generators for the organization. The Risk Manager. The category manager.

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Cost Avoidance in Procurement: The Invisible KPI

Procurement Software

Unlike our colleagues purchasing direct materials, measuring hard savings – i.e. those visible on the P&L statement – becomes a complex puzzle in the indirect space. How do you consistently generate measurable savings on categories that are purchased irregularly or have highly variable specifications?

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Expanding the influence and impact of Procurement

Spend Matters

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.

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10 Digital Procurement Quick Wins

Procurement Software

Fewer Emails Procurement teams typically manage more suppliers than Sales teams do customers. Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload. These repetitive tasks not only consume valuable time, but also increase the risk of human error.