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Clearly, there is a potent argument for developing a category strategy for AI support in procurement, as all the key stages in categorymanagement immediately apply to understanding what we want and need. This is often a manual process and influenced by recency, familiarity, history, and data-free opinions.
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. Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supplychain industry practitioners.
Action Steps: Automate Processes: Implement cutting-edge procurement software to automate routine tasks, reducing manual errors and boosting efficiency. Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Cut the waffle and get to the point.
No matter the focus, whether cost reduction and quality improvement, or supplychain optimization and resilience, procurement must have a concrete role in delivering outcomes that matter to the business. Intake managementsoftware that supports these controls can help standardize how requests are handled and who gets involved.
No matter the focus, whether cost reduction and quality improvement, or supplychain optimization and resilience, procurement must have a concrete role in delivering outcomes that matter to the business. Intake managementsoftware that supports these controls can help standardize how requests are handled and who gets involved.
Direct and indirect procurement are two fundamental approaches in supplychainmanagement, each serving distinct functions within an organization. Who Owns It in the Enterprise Typically, direct procurement is managed by supplychain or operations teams. It also includes travel and consultant spend.
This role focuses on reducing supplychain risks through improved relationships, audits, and comprehensive evaluations of supplier performance at all levels of the chain. The Risk Manager. The categorymanager. The Quality and Sustainability Advocate.
As part of our Q4 research into supplier risk, third-party and supply-chain risk management (TPRM/SCRM) and the solutions that support it, we have not only conducted analyst- and market-led research in the shape of analyses, advisory, definitions and webinars.
Success depends on integration, transparency, and alignment with help from modern spend analysis software that supports trusted data, configurable logic, and cross-functional collaboration. Schedule a demo of Ivalua’s Spend Analysis solution today! Discover hidden savings and take control of your spend. The culprit?
Best-in-class organizations achieve excellent insight into their spending trends to act on inefficiencies and capture savings opportunities while ensuring compliance with internal, national, international regulations and minimizing the risks of supplychain disruptions. Strategic sourcing: The word strategic is added for good reason.
Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical CategoryManager often spends at least a third of their time performing busywork. Adults should be treated as adults.
Yet the valuable contributions from CategoryManagers handling indirect spend often come through cost avoidance or successfully deferring contractual price increases or inflationary pressures. The best systems create transparency that benefits all parties in the supplychain.
You know that you shouldnt be paying CategoryManagers and Strategic Sourcing Managers their salaries to spend a third of their day on non-value-added tasks , but we all know it happens! This ensures that all stakeholders – procurement, finance, and supplychain teams – have access the same up-to-date information.
The process creates efficiencies across all spend categories, minimizes supplychain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. In some categories it makes sense to conduct a competitive sourcing event, for example an online auction using eSourcing software.
CategoryManagers memorised ERP commands as if they were sacred. Categorymanagement Modern categorymanagers orchestrate ecosystems of suppliers, technologies, and internal stakeholders. They design category strategies that integrate seamlessly with business innovation cycles.
Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the SupplyChain department working on a number of different projects. In addition, the broader supplychain organization was working to implement other new tools and processes.
Increasing inflationary cost pressures, more supplychain disruptions, and the imperative for more transparency to satisfy Corporate Social Resposibilty (CSR) directives, or recent legislation in countries like Germany and Norway. CategoryManagers will be freed up to spend more time on execution rather than data gathering.
It is a process that creates efficiencies across all spend categories, minimizes supplychain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. But today this is largely executed electronically, for example by eSourcing events and with sourcing optimization software.
JAGGAER characterizes the steps in this process as Spend Management, CategoryManagement, Sourcing , and Contracts. Secondly come eProcurement, SupplyChain Collaboration, Invoicing, and Payments. These four steps constitute the upstream source-to-contract part of the process. Make them feel in control.
Acquisitions Coupa buys Cirtuo, adds categorymanagement to its spend management suite Coupa announced during its Inspire 2025 event that it has acquired Cirtuo, a provider of categorymanagementsoftware. And they are testing the limits of procurement’s preparedness.
Admin staff might be responsible for ordering office supplies. Types of Indirect Spend CategoriesManaging indirect spend can feel overwhelming, especially when it spans so many categories. Heres a breakdown of the most common areas to watch: Office supplies : Everyday items like stationery, furniture, and technology.
Poll Time The following is a poll that was posted in the Global & Purchasing SupplyChain Professionals LinkedIn Group, which has over 164,000 members. Reality: No one invested time in proper training, and categorymanagers are still relying on spreadsheets. What is the edge one driver has over another?
COUPA PERFORMANCE POST THOMA BRAVO ACQUISITION Based on the available data for Coupa Software (acquired by Thoma Bravo in February 2023), we can observe distinct performance patterns before and after acquisition in three critical areas: Revenue Growth Pre-Acquisition: Coupa experienced strong revenue growth from $50.8
The speakers: Rachel Repper Amazon Rachel is a leader in Amazon Business, transforming procurement spend with digital solutions. She has previously held the roles of Vice President, Director of Procurement, Trading Director and Sales Director within DHL, NHS SupplyChain and NYK Logistics.
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.
Ivalua’s new Environmental Impact Center empowers Procurement and SupplyChain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.
ERP vs. Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychainsolutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
CategoryManagementCategorymanagement sorts your spending into areas with the same supplier markets. Integrate procurement software Companies that manage their procurement manually are susceptible to human error, delayed payments, and non-compliance. Why is it important? What is a procurement strategy?
Subscribe to SupplyChain Game Changer. The Toilet Paper SupplyChain! In the midst of the Coronavirus pandemic the need for complete, end to end SupplyChain visibility has never been more important! SupplyChain visibility and the Digital SupplyChain has never been more important!
Contract management: Procedures for drafting, negotiating, executing, and monitoring contracts to ensure compliance with terms and conditions, as well as regulatory requirements. I curate best book marks so you don’t need to hunt around!
Supplier Relationship Management (SRM) can be complex. Supplier relationship managementsoftware can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.
Supplier Relationship Management (SRM) can be complex. Supplier relationship managementsoftware can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.
The company provides packaging solutions to some of the world’s leading global food and beverage manufacturers including Coca-Cola, Heineken, Molson Coors, Nestle, and PepsiCo. Ivalua is a leading provider of cloud-based Spend Managementsoftware. About Ivalua.
It can also help drive sustainability initiatives in your supplychain and procurement process. . The Closed Loop Spend Management. Thus, it generates the following insights: Visibility of the company’s impacts across all categories. Accountability of categorymanagers and suppliers as the core drivers of impact.
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.
Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical CategoryManager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.
Read More: Top 10 SupplyChainManagement Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. What is the categorymanagement in procurement?
Why is spend analytics software so important? 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. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?
Why is spend analytics software so important? 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. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?
While it is best known for its end-to-end CLM for legal, procurement, sales and risk teams, CobbleStone Software ’s capabilities also touch on sourcing and e-procurement, giving it broad coverage of procurement processes. It makes the invisible visible through discovery and continuously monitors key issues to supplychain risk.
Subscribe to SupplyChain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles! It’s time to air our dirty laundry.
Pere Sivecas , Spend Matters Development PM and Software Architect, has compiled a four-part video series that covers the basics you need to know, the first two of which are free while parts three and four require a basic Insider subscription.
Una does this by offering assistance on everything from supplychainmanagement, data and analysis, education, and more. SupplyChainManagement. A lot of resources can be eaten up by trying to manage the purchasing and negotiation processes with suppliers. CategoryManagement.
Effective supplychainmanagement is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supplychain experts who can manage the complexity and difficulties of today’s global supplychains. With a Ph.D.
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