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7 Spend Analytics Software for Mid-Market Businesses

Procurement Software

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment.

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Is Spend Analytics Software Essential For Spend Visibility?

Procurement Software

The needs of a Procurement Excellence Manager or a Consultant are going to be rather different to those of a Category Manager. They need to easily dissect both supply risk threats and cost saving opportunities. A team of Category Managers will likely require more granular features at line item level.

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Is Spend Analytics Software Essential For Spend Visibility?

Procurement Software

The needs of a Procurement Excellence Manager or a Consultant are going to be rather different to those of a Category Manager. They need to easily dissect both supply risk threats and cost saving opportunities. A team of Category Managers will likely require more granular features at line item level.

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Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement

Arkestro

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. At the same time, the number of young, able-bodied construction workers has decreased by 8% over the past decade, further exacerbating the industry’s labor shortage.

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New Year Insights for the procurement solutions and services marketplace 2024: GEP

Spend Matters

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

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How to Transform Your Business With Group Purchasing

Una

It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. Group purchasing works best when optimizing indirect procurement categories as these are often left unmanaged and not part of a company’s more strategic, direct spend amounts.

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The Role of Managed Procurement Services in Supply Chain Optimization

Empowering CPO

The advantages are multifaceted – cost savings, improved efficiency, access to expert knowledge, risk management, and the ability to focus on core business functions, to name a few. It can result in stock-outs or overstock, poor quality control, and longer lead times. Let’s break it down.