Remove Contract management Remove Eprocurement Remove Procurement team
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10 Things Your ERP Can’t Do (And Why You Need an eProcurement Solution)

Bonfire

Not to mention, ERPs can’t connect you with the vendor communities and networks that sometimes come with a dedicated procurement solution, which means that fewer qualified vendors see and bid on your agency’s solicitations in the first place.

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The Opportunity — and Challenges — for Digital Transformation in MENA

ivalua

Enter eProcurement. As MENA organizations continue to move aggressively toward digital transformation, many are adopting eProcurement platforms, to digitize and automate routine, time-consuming tasks throughout the source-to-pay process.

professionals

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 264
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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

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How to Bring More Spend Under Management

Una

In turn, they should be effectively and consistently managed. Once onboarded, procurement teams must allocate substantial SRM activities to ensure these suppliers continue to deliver value. This includes performance monitoring, regular communication and collaboration, and timely contract reviews. Coding systems.

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A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts. Remember that procurement transformation is an ongoing process, and staying adaptable and innovative is key to sustained success.

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Procurement Terminology is a Mess!

Supply Chain Game Changer

While some technology providers providing an eSourcing platform may take on more of an S2P functionality and might have Contract Management and ePurchasing as part of their platform, it’s not technically under the umbrella of eSourcing in specifics. eSourcing is the discipline of all activities leading up to the eProcurement cycle.