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Coupa announced during its Inspire 2025 event that it has acquired Cirtuo, a provider of categorymanagement (CatMan) software. The move addresses a long-standing gap in many procurement technology offerings: helping teams define and manage procurement strategies, rather than just executing sourcing events.
Two of the most common supplier-management strategies in the history of procurement are categorymanagement and strategic sourcing. The post CategoryManagement vs Strategic Sourcing – Breaking Down the Differences appeared first on ProcurePort Blog.
The post How to Improve Strategic Sourcing with CategoryManagement appeared first on ProcurePort Blog. This is because there are certain tactics that pair well together, and when done correctly, each is elevated by the presence of the other.
To potential buyers — True ValueHub can save categorymanagers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers. The traditional ways of driving cost savings with multiple RFQs, e-auctions, sourcing from low-cost countries are no longer very effective.
A Fortune 500 CPG company partnered with GEP to improve end-to-end categorymanagement, optimize direct spend categories, and increase strategic focus on tail spend.
Strategic SourcingManager — The Ultimate Guide. A strategic sourcingmanager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcingmanager is. Strategic Sourcing Explained. What is a Strategic SourcingManager?
Categorymanagement is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of categorymanagement and how it can benefit your organization.
Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as categorymanagement, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Strategic sourcing plays a critical role in this transformation, ensuring organizations secure the best value while mitigating risk.
This Spend Matters Vendor Analysis gives an overview of Positive Purchasing’s Capella, a category strategy management solution. Despite being a discipline at the center of many procurement discussions, many organizations fail to execute CategoryManagement (CatMan) in the most efficient or effective way.
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.
Mastering Supply Chain Management – A Comprehensive Introduction This foundational course by Paul Denneman is FREE. Essential Supply Chain KPIs: Measure, Analyze, Improve This course by Paul Denneman explores the critical role of Key Performance Indicators (KPIs) in supply chain management. GET ENROLLED NOW!
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?
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Explore alternative sourcing models , such as consortium buying or global sourcing hubs.
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to categorymanagement and strategic sourcing. The answer is simple – automation.
Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.
The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?
Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.
Digital transformation efforts are solidified when supported by talent capable of analyzing data and using it to enhance category value contributions. This role often overlaps with categorymanagers or strategic buyers but initially requires an expert to develop models and competencies across the team. The categorymanager.
In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. To overcome these challenges organizations often look for a technology solution that offers automation, centralized data management and streamlined workflows. This content is for members only.
By Jonathan OBrien with Stphane Morel In the ever-evolving landscape of procurement and supply chain management, categorymanagement remains a cornerstone. However, as technology advances and digital solutions become more integrated, the approach to categorymanagement is also transforming.
Redwood City, 17 August, 2022 – Ivalua, a global leader in spend management , today announced that O-I Glass Inc, an American Fortune 500 company headquartered in Perrysburg, Ohio, has selected its solution to streamline its Global Direct and Indirect Source-to-Pay (S2P) Processes. in 2021 and 24,000 employees. Follow us at @Ivalua.
CategoryManagementCategorymanagement sorts your spending into areas with the same supplier markets. Strategic Sourcing Strategic sourcing assesses the patterns of business spending in order to find and choose the best suppliers that align with your business goals and objectives. Why is it important?
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. Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories.
Through Ivalua’s EIC, emissions data can be imported from recognized third-party emissions data sources or directly from suppliers; the data is then combined with other information such as environmental risk scores, policies, published targets, or certifications.
The solution will support Intalere’s Supplier Management, eSourcing, Contract Lifecycle Management and transactional procurement processes. Consus Global led the implementation and transformation efforts to support Intalere’s critical efforts for driving cost savings and organization-wide transparency and efficiencies”.
Redwood City, CA June 25, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged suite of solutions for financial services. Effectively manage third party risk with 360 degree visibility, including subcontractor exposure.
I really enjoyed those projects and that led me to more and more projects focused on procurement and then into the procurement and sourcing focussed consulting practices and then into the role that I am in now within industry. The two key functional areas are strategic sourcing and categorymanagement.
Sourcing consultants now… The post Risk Management Strategies From Leading Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News. Market uncertainties across the globe have transformed how businesses approach procurement practices.
A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. This can lead to more effective sourcing, reduced sourcing costs, higher quality products, and stronger overall supplier relationships.
Sourcing products from different countries offers immense potential for businesses. From accessing cost-effective suppliers to… The post How to Overcome International Sourcing Challenges with Expert Guidance first appeared on Procurement Blog | Procurement & Supply Chain News.
… The post Magnus Mondays (Reprisal) — CategoryManagement: All Talk No Action? appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT. Magnus returns with new content in August.]…
In today’s hyper-competitive market, businesses are under constant pressure to source high-quality items at the… The post Boost Your Business with a Product Sourcing Agent first appeared on Procurement Blog | Procurement & Supply Chain News.
In today’s globalized economy, businesses are constantly seeking ways to reduce costs and find high-quality… The post How Sourcing Agents Simplify Your Global Supply Chain first appeared on Procurement Blog | Procurement & Supply Chain News.
In today’s highly competitive global market, firms must develop effective solutions to simplify supply chains… The post Unlock Your Business’s True Potential with Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.
This Spend Matters Vendor Analysis gives an overview of True ValueHub, a costing solution built to enable companies to unlock incremental savings beyond what traditional methods and levers like e-sourcing, aggregation and low-cost country sourcing deliver. This content is for members only. Visit the site and log in/register to read.
Are you tired of overspending on sourcing and procurement? In this article,… The post Cost Reduction Strategies in Sourcing and Procurement first appeared on Procurement Blog | Procurement & Supply Chain News. Look no further!
Company executives are… The post ESG Compliance: How Product Sourcing Agents Navigate New Standards first appeared on Procurement Blog | Procurement & Supply Chain News. Sustainable business standards continue to transform global commerce at an unprecedented pace.
Sourcing agents are typically… The post Understanding the Costs Associated with Sourcing Agents first appeared on Procurement Blog | Procurement & Supply Chain News. In modern business, every organization aims to minimize costs and operations.
Have you ever thought about why certain companies always find the finest products at excellent… The post 8 Ways Sourcing Agents Save You Time and Money first appeared on Procurement Blog | Procurement & Supply Chain News.
Buying materials and supplies is among the most important things that a business must undertake… The post Streamlining Procurement Processes: Sourcing Consultants' Expertise first appeared on Procurement Blog | Procurement & Supply Chain News.
Are you prepared to handle the sourcing industry’s fast-changing landscape? In the current unstable economy,… The post Future Sourcing and Procurement Trends Prediction by Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.
For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . What is the benefit of using a single source to pay solution? Demand planning capabilities.
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