Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Resources: Online courses on strategic sourcing (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Jaggaer

FEBRUARY 5, 2025

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?

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Spend Matters

MARCH 27, 2025

Yet this step is essential in order to clearly outline the project scope, target the right processes and the IT system architecture, and adopt the proper change management strategy. The importance of Change Management Change management is often treated as an afterthought, regarded as a mere administrative formality.

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Change management Data Import Project management 120

Art of Procurement

AUGUST 22, 2023

The post From Blocks to Bites: A Cheese-Inspired Approach to Change Management appeared first on Art of Procurement. Bear with me for a moment… Close your eyes and imagine someone handing you a large block of your favorite.

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Change management Management Procurement Spend management 98

Spend Matters

DECEMBER 17, 2024

For those who do not have robust strategic sourcing to start with, the process efficiency, particularly for order-to-invoice to get the right price, will resonate most (i.e.: The biggest challenges customers face in transitioning to procuretech The main challenge we hear from our customers is that of change management.

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Procurement Change management Strategic sourcing Strategic sourcing 109

Spend Matters

FEBRUARY 13, 2025

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. The procurement team was fully aligned with implementing changes and investing in new tools and processes. These two points dovetail in an example Ron offered.

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

Spend Matters

DECEMBER 23, 2024

Internal change management: Transitioning to a digital platform often involves shifting established processes. Customers want to quickly adjust sourcing strategies and build agility into their supply chains. We support clients with thorough onboarding and training, which has proven to reduce adoption resistance.

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Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 123

Procurement Insights

MAY 14, 2025

Interpretation: Despite two decades of digital transformation, a large proportion of ProcureTech projects still fail to meet expectations , reflecting persistent challenges in change management, integration, and digital readiness. Trend: The M&A value grows exponentially from near zero in 2000 to about $30 billion by 2025.

Change management 52

Change management Sourcing Management 52

Spend Matters

FEBRUARY 27, 2025

Secondly, dont underestimate the importance of change management. A change management program needs to reach absolutely everyone that the transformation touches, directly and indirectly. For a digitally-driven transformation, change management should start at the very beginning. Its ongoing.

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Procurement Real-time Visibility Change management Data 76

Spend Matters

APRIL 15, 2025

In the list he outlines the key skills/roles for each area of the project (not exhaustive): Project Management : Executive Sponsor, Project Manager (PM), Project Control Officer (PCO), Integration Lead Procurement Expertise : Procurement Process Lead, Procurement Analyst, Subject Matter Experts (SME), Super User(s) Information Technology Expertise (..)

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Procurement Category management Chief Procurement Officer Risk management 102

ivalua

JULY 14, 2022

Redwood City, CA, July 12, 2022 – Manufacturers are working to accelerate digitization initiatives to manage supply chain disruptions in 2022 and beyond, according to an original survey commissioned by Ivalua , a leading global spend management cloud provider.

Supply Chain Efficiency 244

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 244

Pipefy

JULY 24, 2024

Change management techniques provide resiliency and keep team members on the same page, which is especially useful as organizations face changing business or industry conditions. Ensuring that a change management implementation is successful can be a challenging process, but learning lessons from others makes it easier.

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Change management Strategy Management Real-time Visibility 52

ivalua

MAY 31, 2022

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted.

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Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Spend Matters

MAY 13, 2025

Key areas of transformation include the following: Bridging the strategy-execution gap Gen AI enables tighter, faster alignment between strategic sourcing objectives and tactical execution. However, implementing GenAI effectively requires thoughtful planning around data quality, governance and change management to ensure sustainable success.

Real-time Visibility 68

Real-time Visibility Procurement Procurement team Strategic sourcing 68

Spend Matters

FEBRUARY 10, 2025

Going all the way back to the philosopher Heraclitus, the only constant has been change, a fact that has only intensified in recent years with global events and technological innovations. We look at How to work through change: the importance of change management. This content is for members only.

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Procurement Change management Influencing Innovation 73

Spend Matters

MARCH 5, 2025

This article explores how organizations can structure their roadmap in phases, integrate change management using ADKAR principles and ensure long-term adaptability. Success lies in defining clear objectives, assessing digital maturity and addressing key gaps in technology, processes and skills. This content is for members only.

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Procurement Change management Management Contract 91

Spend Matters

MARCH 6, 2025

Think of it as the centralized hub that simplifies engagement and empowers decision making for whatever it is youre seeking to address in the Source-to-Pay lifecycle. Here’s how: Unified access to data: Raindrop aggregates information from various sources, providing decision makers with a single source of truth.

Supply Chain Efficiency 76

Supply Chain Efficiency Procurement Chief Procurement Officer Stakeholder engagement 76

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. What is the benefit of using a single source to pay solution? Demand planning capabilities.

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supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Insights

OCTOBER 26, 2023

As you read the title of today’s post, you may wonder what maverick spend, vendor rationalization and change management have to do with user adoption and AI Chatbots. The simple answer is the end of maverick spend , vendor rationalization , and change management. Placing a requisition? So, everything.

Change management 69

Change management Management Contract Buyers 69

Pipefy

MAY 29, 2024

Key performance indicators (KPIs) are vital tools for measuring the impact of change, as they provide insight into the effectiveness and long-term acceptance of change initiatives. It can also occur when an organization fails to provide employees with the technical skills or change management training needed to support the change.

Change management 52

Change management Management Real-time Visibility Stakeholder engagement 52

Spend Matters

FEBRUARY 25, 2025

For example, many reports show that the adoption of e-sourcing by best-in-class companies has stagnated at 60% – 70% since 2007. Procurement has traditionally been very transactional, introducing systems that are not easy to use or seem too complicated can be another blocker in an organization that is not prone to change.

Real-time Visibility 116

Real-time Visibility e2e Procurement Negotiation 116

Barkers Procurement

AUGUST 14, 2023

Efficiency and cost cutting are everything in procurement, and when you implement changes to improve these, it’s inevitable that you’re going to cause some disruption. To keep the project on course and transition smoothly, you need a solid change management programme. That’s something that will never change.

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Change management Management Procurement Vendor relationships 52

Art of Procurement

AUGUST 20, 2023

“Yes, change is hard to manage and process at any level which is why I always recommend that you give. The post [Pod] An Expert’s Guide to Procurement Change Management appeared first on Art of Procurement.

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Change management Management Procurement Contract 52

Procurement Insights

FEBRUARY 1, 2024

The Dawn of Integrated Source-to-Pay Suites The release of Gartner’s first integrated Source-to-Pay (S2P) Magic Quadrant marks a pivotal moment in procurement technology. Fragmented workflows, scattered supplier information, and lack of full source-to-payment traceability are no longer acceptable.

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Sourcing e2e Spend management Leadership 80

Skill Dynamics

JANUARY 14, 2025

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.

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Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Insights

FEBRUARY 18, 2025

Lack of Integration Between Systems Issue: AI-powered procurement solutions require seamless connectivity between ERP, supplier databases, and sourcing tools. Example: A company adopts an AI-powered contract management tool , but it doesnt integrate with their sourcing or invoicing system , creating inefficiencies.

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Procurement team Procurement solutions Contract management Quality 52

ivalua

FEBRUARY 13, 2020

Nitor is the leader in source-to-pay transformation with a dedicated focus on advisory, consulting, and change management. And throughout the process, our change management expertise ensures that everything is aligned for maximum results. Our consultants execute the plan across technologies, processes and people.

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Change management Sourcing Management 100

ivalua

JANUARY 23, 2019

In addition, Axbility Consulting will support Ivalua in strengthening its professional services leveraging Axbility Consulting’s unique methodology and change management capabilities to deliver best practices and tangible results for customers aiming to transform Procurement. Dan Amzallag, CEO at Ivalua. # # # #.

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Procurement supply chain software solutions Supply Chain Efficiency Spend management 145

Una

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. Strategic sourcing in procurement would be so easy if people weren’t involved! The human factor in strategic sourcing But it’s never that simple.

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Strategic sourcing Strategic sourcing Sourcing Ethics 52

Procurement Software

MARCH 7, 2023

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 steps are involved in Source-to-Pay?

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

ivalua

FEBRUARY 25, 2021

The Impact of emerging technologies on Procurement Processes: Change Management as a. In a time where emerging technologies are transforming procurement processes, it is fundamental for change managers to understand the true impact on end users, and to anticipate and overcome possible challenges to more effectively manage change.

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Change management Influencing Strategy Sourcing 100

Spend Matters

APRIL 15, 2025

AIs role isnt just confined to drug discovery, its also revolutionizing real-time market insights for sourcing critical compounds and navigating the intricate web of suppliers. One of the biggest challenges in this sector is maintaining end-to-end visibility in the supply chain, and AI is proving to be a game-changer.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

ivalua

OCTOBER 31, 2019

Steven Schumacher Managing Director. Steven Schumacher is a Managing Director at Credit Suisse where he leads the Bank’s. global Strategy, Sourcing & Execution's functional area reporting to the Group COO. Steven joined Credit Suisse in 2008 and was the Head of Sourcing & Vendor Management.

Vendor management 20

Vendor management Change management Sourcing Strategy 20

Procurement Insights

SEPTEMBER 10, 2024

“The Gartner Hype Cycle for Procurement and Sourcing Solutions helps companies understand the maturity and potential of different procurement technologies over time. I decided to access ChatGPT once more to ask the following series of questions: What percentage of procurement and sourcing solution implementations failed in 2000?

Sourcing 52

Sourcing Procurement Procurement solutions Change management 52

Procurement Insights

APRIL 15, 2025

Intake and Orchestration Model: Core Idea: Promoted by vendors like Zip, GEP, and ORO Labs (2023-2025), this model uses centralized intake portals (forms, AI chatbots) and orchestration engines to streamline requests and integrate systems (ERP, sourcing) via automation and AI, aiming for enterprise efficiency. spend analysis).

Data 78

Data Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 78

ivalua

JANUARY 29, 2021

The other key change from the pandemic around strategic priorities was that supplier sourcing and supplier risk management were the only other major strategic priority to increase. The feedback from the survey was that process adaption and change management are the most important factors.

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Suppliers Bill of materials Procurement team Risk management 195

Procurement Software

MARCH 16, 2025

By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins. These small but impactful changes set the stage for sustained cost savings and strategic decision-making.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52