Spend Matters

FEBRUARY 2, 2023

Categories: Conferences , Sponsored Article Tags: sponsored post The need to stay agile and adapt in a tech-led future is a challenge facing all organizations operating in every sector. Disruptive digital technologies, and digitalization in general, are transforming how the procurement function delivers value.

Chief Procurement Officer 96

Chief Procurement Officer Procurement Supply Innovation 96

Spend Matters

DECEMBER 5, 2023

The buzz over the general applications of generative AI (GenAI), however, threaten to obscure the other radical (albeit niche) changes that our analyst team has deemed worthy of highlighting among this year’s Future 5. A more general (if less exciting) application is the now omnipresence of chatbots in procurement solutions.

Contract 89

Contract Supply Chain Optimization Data Procurement 89

Una

APRIL 25, 2024

Your procurement goals and targets The categories you’re looking for help with Any specific challenges (like getting your tail spend under control) And any questions you may have for us And remember, membership is always free, with zero purchasing requirements or obligations. What do you need to bring to the call? What do you need to provide?

Contract 52

Contract Purchasing Suppliers Price 52

Spend Matters

JUNE 14, 2023

Categories: Podcasts , risk-compliance-management , Sustainability Tags: Compliance , ESG , Podcast The demand for environmental, social corporate governance has grown to the point of simply being a business requirement. What remains, however, is the question of how one actually demonstrates this.

Supply chain 79

Supply chain Risk Sustainability Supply 79

Supply Chain Game Changer

JUNE 2, 2022

Among the latter category is general liability insurance. As the term ‘general’ in the name might suggest, this is a generic form of insurance that covers a wide range of issues that almost any business might encounter. What Does General Liability Insurance Mean? Is General Liability The Same As Business Insurance?

Supply chain 89

Supply chain Purchasing Supply Import 89

Spend Matters

FEBRUARY 1, 2023

Categories: Commentary , Market Intelligence , Procurement Commentary , Procurement Strategy & Planning Tags: Insights Series Following what has now become a tradition, December and January saw us publishing a series of insights sourced from procurement-related tech and service providers.

Procurement solutions 76

Procurement solutions Procurement Procurement strategies Strategy 76

ivalua

MARCH 11, 2021

Redwood City, CA March 11, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that the Virginia Department of General Services (DGS) has awarded a contract to CGI, which is using the Ivalua platform as the technology to support the transformation of the Commonwealth’s eVA program.

Eprocurement 130

Eprocurement Procurement Spend management Purchasing 130

Positive Purchasing

JULY 26, 2023

They explored: The significant transformations that have occurred The extent to which the pandemic has accelerated these changes versus a general shift away from in-person work Strategies for engaging people in online training The impact of digital transformation on travel and training How to persuade CFOs to invest in digital transformation How category (..)

Procurement 52

Procurement Category management Purchasing Strategy 52

Spend Matters

MARCH 23, 2023

Categories: Procurement Systems & Architecture , Supplier Management Tags: SRM CRM systems have become the lifeblood of modern business. SRM and general supplier management processes and systems in terms of supplier experience, on the other hand, are a much sadder story.

Suppliers 69

Suppliers Collaboration Procurement Management 69

Positive Purchasing

JULY 14, 2023

They explored: The significant transformations that have occurred The extent to which the pandemic has accelerated these changes versus a general shift away from in-person work Strategies for engaging people in online training The impact of digital transformation on travel and training How to persuade CFOs to invest in digital transformation How category (..)

Procurement 52

Procurement Category management Purchasing Strategy 52

Procurement Heads

APRIL 26, 2023

Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects. I actually value someone who has worked across different categories or someone who is new to procurement.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects. I actually value someone who has worked across different categories or someone who is new to procurement.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Spend Matters

NOVEMBER 29, 2022

In Part 2 we will dive deeper into the product/solution synergies and areas of overlap between the two providers and opine on what the added product and customer synergies will bring to Simfoni as it competes in a rapidly growing market for tail spend and transactional buying in general. ( Read more. ).

Project management 72

Project management Sourcing Management 72

Procurement Tactics

MARCH 21, 2023

Apart from electronics, these categories are adding their silver need on the line: 4. Gold Price The relevance of gold and silver prices has been an ongoing debate but in general, when gold price moves, so do silver prices. Solar Panel Solar Power Europe expects the global solar installation to double or triple by 2025.

Price 184

Price Demand Purchasing Sustainability 184

The Thomas Blog

APRIL 13, 2023

They serve the automotive, aerospace, energy, construction, electronics, medical, and general industrial sectors. The company, which serves the aerospace, robotics, marine, biotech, automotive, general industrial, and other sectors, is headquartered in Miamisburg, OH. New to Thomasnet.com ? million visitors per month and counting.

Suppliers 98

Suppliers Raw materials Logistics Sourcing 98

Procurement Tactics

MAY 18, 2023

However, the process generally involves these processes: 1. While these processes may differ from one organization to another, they are generally classified into two categories: Invoices that have a purchase requisition or purchase order. The invoice approval process differs from company to company.

Purchase orders 172

Purchase orders Purchasing Negotiation Procurement strategies 172

Spend Matters

MAY 31, 2023

Categories: Conferences Tags: Conference The procurement technology market can sometimes confuse developing better solutions for procurement with bettering the procurement function itself. CPOs need the right tools, obviously.

Procurement strategies 78

Procurement strategies Strategy Procurement Supply chain 78

Jaggaer

SEPTEMBER 8, 2020

This includes accounts payable , general ledger, pCard, eProcurement systems , etc. Whether you use UNSPSC, eClass, or your own company-specific categories, you need to be able to determine where your money is being spent. Reduce the number of suppliers per category. Step One: Identify. Step Two: Gather. Step Five: Categorize.

Eprocurement 123

Eprocurement Buyers Purchasing Suppliers 123

Procurement Heads

NOVEMBER 9, 2022

It’s all the things you would expect in terms of robust Sourcing, SRM and category management across our supply chain, working closely with our business stakeholders and achieving excellent year-on-year results against an ever-increasing set of challenging KPIs. What roles and responsibilities does Procurement/ SRM have within Allianz?

e2e 246

e2e supply chain budgeting Agile and Lean Supply Chain Chief Procurement Officer 246

The Procuretech Podcast

JULY 11, 2023

8:27 How much of the transformation has been accelerated by the pandemic, and how much has been a more general transition away from in person work? 15:28 How digital transformation is impacting the travel and training category. 24:07 What’s going to replace category management in this digital world? Five books on procurement.

Purchasing 40

Purchasing Category management Procurement supply chain budgeting 40

Empowering CPO

FEBRUARY 19, 2023

To start with the right method is to first understand the category from the point of view of the user or the client group, identify the key areas, and understand their definition of quality with respect to the category. This would require a thorough understanding of the category. b) Service or Product Quality related questions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Quality Category management 52

Procurement Heads

JANUARY 10, 2023

How do you break down the function in terms of category and spend and what sort of things will you be looking for moving forward? We have adopted an approach around the categories within that we have a team that do general and direct stuff and a specialist team in IT and some division within that, software and services.

supply chain software solutions 130

supply chain software solutions Supply Chain Efficiency Negotiation Procurement 130

Procurement Insights

OCTOBER 18, 2023

Based on my preliminary research, here are factors that likely impact your inclusion in the various lists: First, your competitors in the Small Business, Mid-Market, and Enterprise categories rate 4.1 However, the real problem is a lack of recognition in any category. in Customer SAT scores. Your company is rated below four at 3.8.

Leadership 52

Leadership Purchasing Supply chain Procurement 52

Spend Matters

MAY 24, 2023

Categories: risk-compliance-management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Prevalent and its third-party risk management (TPRM) solution. Prevalent allows users to continuously monitor third-party vendors for security, privacy, compliance and supply-chain-related risks.

Risk management 79

Risk management Risk Management Buyers 79

Spend Matters

JANUARY 23, 2024

Danny Sack, Director of Product Marketing at SAP, says “At SAP (and in the market in general), we’re always thinking about how AI can decrease points of friction. We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.”

Category management 63

Category management Data Procurement supply chain software solutions 63

IBM Supply Chain Blog

FEBRUARY 23, 2024

The General Data Protection Regulation (GDPR), the European Union’s landmark data privacy law, took effect in 2018. Identify and protect special category data When inventorying data, organizations should make a note of any especially sensitive data that requires extra protection. Irish regulators hit Meta with a EUR 1.2

Data 84

Data Inventory Risk Contract 84

The Thomas Blog

MARCH 20, 2023

Our platform has over 75,000 categories of products and services, from alloy to zinc, from which professionals like you can source. And thanks to our industry specialists, we are constantly researching and adding to our platform with new supplier categories to help you keep up with current market trends. billion by 2032.

Supply Chain Efficiency 93

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 93

Spend Matters

AUGUST 29, 2022

Categories: Analytics , Contract Management , Procurement Systems & Architecture , Solution Providers , Technology Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of SimpliContract and its contract lifecycle management solution. AI-based capabilities include data extraction, a compare tool and smart search.

Contract 66

Contract Contract management Buyers Collaboration 66

Spend Matters

JUNE 19, 2023

Click to enlarge Calculations and allocations of GHG emissions can be carried out at different levels — spend category, supplier, material, etc. Whether the calculations are based on primary or secondary data, granularity depends on: Spend details and emission factors: highest or lowest level of the taxonomies (categories and geographies).

Management 80

Management Bill of materials Quantity Influencing 80

Una

SEPTEMBER 5, 2023

Will joining a GPO mean a loss of control over categories? Members are not obligated to use a GPO for every category. You can leverage category offerings and services based on your unique needs and where the most value can be driven. Will joining a GPO mean we can no longer work with a preferred supplier?

Risk 52

Risk Purchasing Procurement strategies Contract 52

ivalua

JANUARY 21, 2020

In cities and counties, the decision to modernize has been made easier by the general progress of technology and increased public expectations. The next level of risk management might include identifying and tracking subcontractors and second tier suppliers as well as general contractors/first tier suppliers.

Procurement 100

Procurement Eprocurement Suppliers Bidding 100

ivalua

JULY 11, 2022

Redwood City, CA – 11 July, 2022 – Ivalua , a global leader in Cloud Spend Management solutions , announced the general availability of its new platform release 174. New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency .

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

EazyStock

MARCH 9, 2021

ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. One way to differentiate products based on their value is to segment them into categories (A, B, and C). Categories B and C then make up the remaining 20%. What is ABC Analysis?

Inventory 83

Inventory Management Demand Import 83

Spend Matters

JULY 14, 2022

Categories: Procurement Systems & Architecture , Professional Services , Solution Providers , Sourcing , Technology Tags: PRO This three-part Spend Matters PRO Vendor Analysis focuses on Efficio’s eFlow, the company's S2C solution. Read more. ).

Market analysis 73

Market analysis supply chain budgeting Sustainability Procurement team 73

Procurement Leaders

JANUARY 27, 2023

“Procurement is structured based on the stakeholders we work with, rather than distinct categories,” he explains. I can generally teach someone the ‘what’, but I can’t teach someone the how, that’s your DNA. “We invest heavily in behaviours – the ‘how’ we do things, as much as the ‘what’.

Risk 162

Risk Supply Chain Efficiency Management Supply chain 162

IBM Supply Chain Blog

JANUARY 22, 2024

The General Data Protection Regulation (GDPR) is a European Union (EU) law that governs how organizations collect and use personal data. The organization takes extra precautions when processing children’s data or special category data. Special category data includes highly sensitive data like a person’s race and biometrics.

Data 90

Data Risk Influencing Contract 90

Empowering CPO

FEBRUARY 20, 2023

Companies generally expect the following services from a fleet management service provider: One Point Person from their team who works closely with the buyer team and answers all their questions from time to time. Also, this category was never challenged in the past and a proper RFP was never conducted in the last 20 years.

Negotiation 52

Negotiation Management Buyers Contract 52