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Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supplychain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supplychain.
As weve said: People, Process and Technology are the pillars of procurement transformation. So a large part of accelerating your procurement transformation process lies in strengthening roles and responsibilities. In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions.
Procurement has evolved from a back-office function to a strategic driver of innovation and value. While technology is at the heart of this shift, jumping on the digital bandwagon isnt always as simple as plugging in some shiny new software. Changemanagement isnt a sidekick in this story; its the star of the show.
As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. , The success of the Procurement team at Utz Brands, Inc. ,
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.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution.
With international commerce increasingly digitalized and customer requirements continuing to grow, the demands on supplychain professionals to create frictionless, responsive, and cost-effective operations have never been higher. Supercharge your supplychain career through the SCMDOJO SupplyChain Learning Track Certification!
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Your Ultimate Guide To Launching A Digitized Procurement Startup One of the biggest advantages of digitization in the procurement industry is that it allows you to use data analysis to make informed decisions.
What does KKR know about procurement and ProcureTech solutions? KKR, one of the largest private equity and investment firms globally, has considerable experience and insights into procurement and ProcureTech solutions, especially through its portfolio companies and investments. Are Coupa and Ivalua competitors?
SAP, Oracle, Microsoft Dynamics) and procuretech solutions (e.g., Coupa, Jaggaer, Ariba) is a critical factor in procurement success or failure, given their overlapping goalsstreamlining processes, integrating data, and optimizing spend. As of March 3, 2025, the interplay between ERPs (e.g., By 2025, cloud ERPs (e.g.,
Axbility Consulting, a subsidiary of Ivalua European partner Axys Consultants, reinforces Ivalua’s capabilities to empower today’s Procurement & SupplyChain Leaders. Ivalua and Axbility Consulting are both committed to helping companies create value through successful procurement transformation.
Now, you may wonder what that has to do with the procurement profession and AI. As you will soon discover, everything, especially when it comes to the development of today’s procurement professionals. Reality: No one invested time in proper training, and category managers are still relying on spreadsheets.
If you want to gain more supplychain analytics knowledge, you’re in the right place. We’ve compiled a list of 10 great supplychain analytics books to help you better understand the concepts and strategies behind this vital business field.
Digital procurement tools offer both immediate benefits and long-term returns. These small but impactful changes set the stage for sustained cost savings and strategic decision-making. Below are ten areas where digital procurement can deliver almost immediate improvements. Sales have had reliable data ever since they had a CRM.
Templegate Technologies, Recognized as one of the most promising procurementsolution providers in India. Templegate Technologies , is a alliance partner for award winning Cloud SoftwareSolution in Procurement Automation & Spend Management. The post templegate appeared first on Ivalua.
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through “advanced self-learning algorithms” in procurement and supplychain applications. Hansen was discussing and applying AI in procurement in the late 1990s. By May 2017, it had risen to No. In summary: Jon W.
Today is a follow-up to yesterday’s post What impact did Gartners late entry into Procurement and AI have on procurement practitioners and ProcureTech solution providers? If you haven’t had a chance to read it yet, please take a moment to do so. By May 2017, it had risen to No. now cautiously reinforces. Gartner Inc.
If you’re a supplychainmanagement professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. Fortunately, there are numerous courses available to help you develop your expertise in supplychainmanagement, regardless of your level of experience.
In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supplychainmanagement. Reminder of Key Definitions – Logistics & SupplyChainManagement. Bowersox, David J.
He’s an experienced leader with a proven history of success across multiple industries, especially in healthcare and IT procurement. Kris describes himself as a “seeker of truth”, and here he takes a look at the tech landscape in procurement – and in particular, data. Should you get some? The answer is – probably.
I wanted to bring you the key criteria that you should consider when sourcing or considering a digital procurementsolution. If you’re more of an audio person, we also ran a recent episode of the podcast covering some of these, which you can access here: What are the top 10 criteria to consider when buying procurementsoftware?
Today is a follow-up to yesterday’s post What impact did Gartners late entry into Procurement and AI have on procurement practitioners and ProcureTech solution providers? If you haven’t had a chance to read it yet, please take a moment to do so. By May 2017, it had risen to No. now cautiously reinforces. Gartner Inc.
Subscribe to SupplyChain Game Changer. What is SupplyChainManagement (SCM)? When I started my career the term “SupplyChain” had just been coined. Now as I look back on my career virtually everything I did falls under the banner of SupplyChainmanagement.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution.
With a decade hallmarked so far by constant disruption, consumers are more aware of supplychain and how industry shortages , the gender gap in supplychain, and climate events impact their daily lives and local communities. A term that once only resonated with industry insiders is everywhere.
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supplychain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supplychainmanagement. Discover the Top 10 TikTokers reshaping how you view supplychains.
Subscribe to SupplyChain Game Changer. For many people who work in SupplyChainManagement, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of SupplyChain education and certification as well. Subscribe Here! Email Address.
This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supplychain. Understanding ProcurementManagement in Real Estate Procurement in real estate involves acquiring goods, services, and works necessary for the development and maintenance of properties.
In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supplychains.
We later rebranded to The ProcurementSoftware Podcast to match our software directory.) A lot of things have changed since then. Procurement – by and large – is still a very conservative and technocratic profession. I’ve been producing content on procuretech for 5 years. It’s official!
Subscribe to SupplyChain Game Changer. Featuring Our 12 Best Procurement Articles! 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. Dirty Little Secret #1.
Secondly come eProcurement, SupplyChain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.
Advantages and Disadvantages of ERP Systems Discover the advantages and disadvantages of utilizing ERP systems to drive efficiencies and cost savings in procurement. These customizable application suites allow businesses to integrate and manage their most important divisions, departments, processes, and functions from one platform.
Critical Perspective The establishment narrative often highlights Coupas revenue growth ($1 billion in billings by 2024, Procurement Magazine) and non-GAAP profitability as signs of success, but this masks the GAAP reality of losses until 2024. high acquisition debt, economic headwinds in 20222023).
The preliminary run uses the RAM 4-Model Assessment tool to access the Procurement Insights proprietary archives and many cross-reference sources using my AI for AI platform. MetricStream Integrated risk management (IRM), governance, risk, and compliance (GRC); strong in enterprise risk, ESG, and IT risk. The above is one such request.
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. Table of Contents What is P2P in Procurement?
Most experienced ProcurementManagers don’t enjoy performing administrative tasks and firefighting operational issues. Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance.
There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?
Hansen’s agent-based model (ABM), notably implemented within Canada’s Department of National Defence (DND), has had a significant influence on the procurement industry by demonstrating the advantages of a people- and process-centric approach over traditional technology-led methods. within three months.
This blog post is based on a video interview I gave about digital procurement back in January in Dubai with Dr. Muddassir Ahmed of SCMDOJO. Why procurement technology’s growth is not with enterprise suites Procurement technology is no longer the sole preserve of large enterprises. Changemanagement is key.
Today I’m joined by Logward , an exciting tech brand with a vision of a future where supplychain departments lead the transformation of their industries, instead of simply transporting it. 09.56] What has, and hasn’t, changed in the last five years, and a look at today’s key challenges and trends. “I
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What is P2P in Procurement?
Subscribe to SupplyChain Game Changer. The Digital SupplyChain (SC 4.0) The Digital SupplyChain , or SupplyChain 4.0, It is an extremely exciting time to be in SupplyChain. New SupplyChain systems can cost a lot to implement. Subscribe Here! Email Address.
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