Remove Category management Remove Real-time Visibility Remove Sourcing Remove supply chain software solutions
article thumbnail

7 Spend Analytics Software for Mid-Market Businesses

Procurement Software

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

article thumbnail

Supply Chain Visibility Has Never Been More Important!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Toilet Paper Supply Chain! In the midst of the Coronavirus pandemic the need for complete, end to end Supply Chain visibility has never been more important! Supply Chain visibility and the Digital Supply Chain has never been more important!

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Spend Analytics Software Essential For Spend Visibility?

Procurement Software

Why is spend analytics software so important? through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software.

article thumbnail

Is Spend Analytics Software Essential For Spend Visibility?

Procurement Software

Why is spend analytics software so important? through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software.

article thumbnail

Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement

Arkestro

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

article thumbnail

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

Spend Matters

Today, for procurement organizations too, applying an AI-first approach has become imperative, especially in the source-to-pay process. Generative AI, in particular, offers transformative potential in optimizing source-to-pay processes. And the maximum value can be extracted from these new tools through strategic integration.

article thumbnail

The AI Advantage: Unlocking New Value for Procurement Teams

World of Procurement blog

This supports strategic sourcing efforts. This maximizes value from sourcing partnerships. Enhancing contract management : Natural language processing enables AI to extract key data from contracts. This enables more strategic category management, highlighting categories with excessive spend or frequent maverick buying.