Remove Contract management Remove Procurement strategies Remove Supply Chain Efficiency Remove Supply chain resilience
article thumbnail

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

ivalua

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

Price 264
article thumbnail

Supplier Collaboration Software — What You Should Know

Procurement Tactics

Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. CERTIFICATE COURSES Related courses about this subject 1.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

Zycus recently conducted a virtual event for CPOs, Procurement Leadership Agenda and Narratives (PLAN 2023), where we invited industry experts and procurement thought leaders across the Europe to discuss the upcoming technology trends and procurement strategies for 2023.

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

article thumbnail

Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

This is not just about understanding the current trends, but about envisioning the future of procurement. Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you.

article thumbnail

The Key Benefits of Outsourcing to Managed Procurement Services

Empowering CPO

Introduction In an era where businesses are increasingly seeking efficiency, cost-effectiveness, and agility, the role of procurement has become more critical than ever before. This is where the concept of managed procurement services comes into play. The role of procurement services in businesses is multifaceted.

article thumbnail

The Impact of Digital Transformation on Spend Analysis

Empowering CPO

As organizations strive to stay competitive, they are increasingly recognizing the need to leverage digital technologies to streamline processes, improve efficiency, and drive growth. One area where digital transformation has had a profound impact is in procurement, and specifically, in the realm of spend analysis.