Una

JUNE 18, 2024

Contract Management Best Practices for Procurement Pros Learn why its critical for procurement teams to have contract management best practices in place to proactively monitor promised benefits. Let’s say the procurement team negotiated a 3-year contract with a 3% annual price escalator.

Contract management 52

Contract management Contract Management Procurement team 52

Procurement Insights

FEBRUARY 21, 2025

Network Intelligence: Learns from market trends, supplier performance, and risk factors to optimize sourcing and supplier management. Centralized Procurement Request System: Employees submit purchase requests through a unified intake tool , which then routes them to the correct procurement solution (e.g.,

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

Spend Matters

FEBRUARY 26, 2025

Recent successes include: In 2024, 321 new government procurement teams were onboarded. And in collaboration with NIGPs RMGPA chapter and Colorados OEDIT department, SOVRA will host The Small Business Showcase at the NIGP Forum in Denver to highlight small businesses looking to expand their presence in public procurement.

Procurement 119

Procurement Bidding Contract management Data 119

Procurement Insights

FEBRUARY 18, 2025

Without a solid foundation, technology alone cannot fix broken procurement functions. If procurement teams use inconsistent, siloed, or outdated data , AI-powered solutions will produce unreliable insights. Solution: Digitize and streamline procurement processes first before layering AI on top.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

Spend Matters

APRIL 23, 2025

The event included several new product announcements as well as company updates following Docusigns major announcement at last years event, the advent of a new contract management category called Intelligent Agreement Management (IAM) designed for wider organizational appeal beyond just procurement and legal departments.

Contract 73

Contract Contract management Collaboration Management 73

ContractSafe

JANUARY 21, 2022

What Is Contract Management in Procurement? Procurement teams are critical for any organization, and because they are responsible for contract management, they have a special place in our hearts here at ContractSafe.

Contract management 52

Contract management Contract Management Procurement 52

Spend Matters

APRIL 15, 2025

Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

Procurement Tactics

JUNE 22, 2023

It includes supplier management, contract management , and spend analysis. Vendr Vendr is a cloud-based procurement software tool that helps businesses manage their procurement process from requisition to payment. It includes supplier management, contract management, and spend analysis.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

TYA Suite

JANUARY 27, 2025

These alerts can be customized based on the organization's requirements, ensuring timely action is taken to renew or renegotiate contracts. A centralized contract repository within the stores all vendor contracts in a single, accessible location. Efficient contract management fosters better relationships with vendors.

Contract 40

Contract Real-time Visibility Contract management Management 40

Procurement Templates

APRIL 15, 2024

Communicate Vision: Share the vision and objectives with the procurement team and stakeholders to gain buy-in and alignment. Stage 4: Process Improvement Days 31-40 Streamline Processes: Implement improvements to streamline procurement processes, reduce inefficiencies, and enhance compliance.

Procurement team 130

Procurement team Contract management Innovation Contract 130

World of Procurement blog

JANUARY 12, 2022

Over Christmas, I started thinking about the top Contract Management trends for 2022. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues. I’ve been reviewing a lot of contracts.

Contract management 52

Contract management Contract Management e2e 52

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Jaggaer

FEBRUARY 5, 2025

Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment. It includes sourcing and supplier management, contract management, and procure-to-pay (P2P) functions. A well-executed S2P strategy reduces costs, increases visibility, and ensures compliance.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. Monitoring supplier relationships : AI can track supplier performance metrics, analyze contract terms for risks, and identify opportunities to improve supplier relationships.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

ivalua

JUNE 16, 2021

These solutions also improve collaboration among organizations and suppliers, and enable procurement teams to leverage data analytics to optimize contract negotiations, payments, buying patterns and more.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Procurement Heads

JULY 26, 2023

Using my transferable skills from my civil and merchant background, I helped develop a procurement team for his private company. What are the roles and responsibilities the procurement function holds within your organisation and how do you split the function out? At NCHA, the procurement function is centralised.

Contract management 130

Contract management Contract Supply Chain Efficiency Price 130

Spend Matters

JANUARY 16, 2023

Categories: Analytics , Contract Management , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of the software as a service (SaaS) management solution provider Tropic and its SaaS sourcing and procurement platform.

Procurement solutions 97

Procurement solutions Contract management Procurement Market knowledge 97

SCMDOJO

MARCH 14, 2025

Contract Signing Finalize agreements and establish contract management mechanisms. Contract Execution & Compliance Audits Regularly monitor quality, deadlines, and performance. Best Practices: Establish KPIs for contract performance monitoring. Use digital contract management systems for tracking obligations.

Bidding 54

Bidding Contract Contract management Price 54

TYA Suite

OCTOBER 27, 2024

Detailed reporting features also provide valuable insights into procurement activities, assisting organizations to make data-driven decisions and improve their Contract management is another critical aspect of. Effective contract management ensures that all agreements with suppliers are tracked, monitored, and adhered to.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Heads

MARCH 27, 2023

It is still the most challenging piece of procurement that I’ve ever been involved with, but I really enjoyed the work and after that I started applying for permanent procurement roles. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

ivalua

JANUARY 12, 2023

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Scalability. Data Insight Strategy. Conclusion.

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

ivalua

OCTOBER 28, 2022

There will be unique challenges public procurement teams will need to address to ensure the bill delivers on its full promise. Chief among these challenges is the need to modernize procurement processes and tools. . Total estimated infrastructure bill allocations: Source. A Path Forward.

Bidding 130

Bidding Procurement Procurement team Procurement solutions 130

Spend Matters

MARCH 11, 2024

To overcome these challenges organizations often look for a technology solution that offers automation, centralized data management and streamlined workflows. It is exactly the kind of challenge that VORTAL addresses.

Procurement solutions 120

Procurement solutions Sourcing Procurement Market analysis 120

ivalua

AUGUST 17, 2021

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Procurement Tactics

JUNE 28, 2023

Contract Management Contract Management is tracking the contractual lifecycle, including contract creation, renewal, and termination dates. Compliance with the agreed terms and conditions of a contract, as well as respect for the obligations arising from it, shall also be monitored.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ProcurePort

AUGUST 24, 2021

Can purchase order management software improve efficiency for procurement teams? The question of efficiency is one that every procurement team is seeking answers for. The more suppliers you have to […].

Purchase orders 130

Purchase orders Purchasing Chief Procurement Officer Management 130

Procurement Tactics

JULY 2, 2023

In this way, contract experts can work more effectively and save valuable time and resources. Enhanced Collaboration Collaboration among the procurement team, stakeholders, and suppliers is enhanced by job orders. Softwares Available for Creating and Managing Job Orders 1.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Spend Matters

MAY 21, 2024

“Our CEO and founder, Anders Lillevik, created Focal Point after 25 years in procurement, including procurement leadership roles, as the answer to many of the growing problems he and his teams saw daily during his tenure. Why does procurement (and business) need this extra layer of tech?

e2e 113

e2e Procurement Contract management Leadership 113

Spend Matters

MAY 8, 2025

Moreover, procurement teams, especially larger organizations with complex needs, may consider running pilots or sandbox tests for large-scale implementations to ensure a practical fit. Avoiding common pitfalls in tech selection As you begin your tech selection process, be mindful of personal and organizational blind spots.

Procurement 63

Procurement Cost of ownership Stakeholder engagement Contract 63

Barkers Procurement

JANUARY 13, 2025

The entire procurement function had been through a period of significant change, particularly within the technology category, which had a budget worth hundreds of millions of pounds. A new team organisational structure to enable more effective working. Recruiting new members of staff to fill skills gaps.

Bidding 52

Bidding Contract management Contract Procurement team 52

ivalua

MARCH 9, 2023

Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Source-to-Pay is typically broken into two parts – upstream and downstream.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

ivalua

FEBRUARY 27, 2023

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.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

ivalua

OCTOBER 27, 2020

Redwood City, CA – October 26, 2020 – Ivalua, a leading global spend management cloud provider, and Consus, a leading global supply chain solutions provider, today announced that Jollibee Foods Corporation (JFC) has successfully deployed Ivalua’s platform to empower its procurement digital transformation, with Consus leading implementation.

Supply Chain Efficiency 26

Supply Chain Efficiency Chief Procurement Officer Procurement Networking 26

Procurement Templates

JUNE 18, 2023

ChatGPT Procurement departments can take several steps to manage inflation effectively. Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Templates

MARCH 3, 2024

Procurement can leverage market intelligence to make informed decisions, mitigate risks, and drive strategic value within the organization. Procurement teams can analyze market trends, supplier capabilities, financial stability, and reputation to evaluate potential suppliers and select the most suitable ones.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

DECEMBER 21, 2021

Together with its strategic partner Optis Consulting, Ivalua’s solution has digitally enabled FCL’s policies and processes for core procurement activities, including sourcing and contract management.

Contract 130

Contract Sourcing Suppliers Data 130

Procurement Software

FEBRUARY 9, 2025

Unveiling the SME Procurement Tech Map Recently updated, our latest Procurement Tech Map highlights numerous procurement software for SMEs who are dedicated to enhancing and digitising essential procurement processes for smaller businesses. What Are Procurement Tech Maps?

Procurement 59

Procurement Price Budget Procurement team 59