Procurement Insights

MARCH 25, 2025

ANSWER #1 AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1.

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TYA Suite

OCTOBER 27, 2024

With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Real-time tracking and reporting capabilities allow organizations to monitor the status of purchase orders, deliveries, and payments.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

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.

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Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.

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Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

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.

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

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ Source-to-Pay is typically broken into two parts – upstream and downstream. Downstream activities include e-procurement , purchase orders, invoice automation and accounts payable and payment processes.

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Spend Matters

FEBRUARY 22, 2024

Working within a resilient global supply chain results in complexities around basic matters like communication, time zones and languages, along with more challenging aspects like risk management, compliance and sustainability. Third-party risk management through a specialized vendor moves beyond the onboarding and intake process.

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Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 113

Jaggaer

FEBRUARY 5, 2025

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. These begin with enhanced visibility.

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Procurement Insights

APRIL 12, 2025

Below, I identify key ProcureTech providers and their stances on Agentic AI, focusing on whether they suggest human replacement or augmentation, grounded in industry trends and through my lens of practical procurement resilience. SAP: Agentic AI Role: SAPs Joule AI in S/4HANA Cloud uses agentic capabilities for procurement tasks (e.g.,

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Real-time Visibility Ethics Contract Suppliers 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.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. What is inflation?

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TYA Suite

MAY 23, 2025

72% of procurement leaders say vendor data is scattered across tools, emails, and spreadsheets. This statistic shows a real and common problem in many companies today. Vendor informationlike contracts, certificates, and performance reportsis often stored in different places. making it faster and more organized.

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supply chain software solutions Management Vendor relationships Real-time Visibility 40

Procurement Express

DECEMBER 31, 2024

Here, we’ll break down these options and look at the pros, cons, and features included in some of the more common software solutions used by procurement teams. What is Procurement Software? How Does Procurement Management Software Work? Improved cost control. Use a centralized platform.

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supply chain software solutions Purchase orders Procurement Real-time Visibility 40

IBM Supply Chain Blog

FEBRUARY 28, 2024

For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers. This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. How is sourcing strategy different than procurement strategy?

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Jaggaer

MARCH 6, 2025

Harnessing Advanced Technologies & Proving Benefit Modern procurement systems must integrate advanced technologies to streamline processes and enhance decision-making: Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are now indispensable for automating repetitive tasks, such as supplier evaluations and contract management.

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Procurement Insights

JANUARY 3, 2025

Digital Transformation Matures : Advanced technologies such as AI , machine learning , and automation enabled procurement to provide predictive insights , scenario planning , and real-time decision-making. CFOs valued procurement’s ability to align financial and operational goals using data analytics.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Implementation of new supply structure Track results and restart assessment This model has essentially stood the test of time.

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Planergy

FEBRUARY 24, 2025

Indirect Procurement Indirect procurement covers support services and materials that enable institutional operations. While less visible, these procurement areas are crucial for maintaining a functional educational environment. Strategic Procurement Strategic procurement goes beyond transactional purchasing.

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Procurement Express

DECEMBER 31, 2024

In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc. What Happens When Indirect Spend Isnt Managed? When you’re comparing direct and indirect spend, half the battle comes down to managing changes in the supply chain.

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TYA Suite

MAY 3, 2025

Another feature to prioritize is real-time data analytics and reporting. This level of analysis helps organizations make informed decisions quickly, cutting down on time-consuming vendor meetings and negotiations. Our team used to spend hours chasing down invoices and checking spreadsheets. That alone saved us thousands.

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supply chain software solutions Real-time Visibility Procurement Supply Chain Efficiency 40

Zycus Cognitive Procurement

OCTOBER 20, 2022

In simple words, cognitive procurement is the process of using disruptive technologies such as artificial intelligence (AI) to assist with procurement. Cognitive procurement enables business users to achieve organizational excellence by: Improving decision making. Ensuring better compliance.

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Procurement Software

MAY 16, 2023

Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making.

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TYA Suite

NOVEMBER 15, 2024

From reducing fraud to improving and automating contract management, blockchain is shaping the future of procurement in ways previously unimaginable. As organizations strive for more flexible, data-driven approaches, understanding the role of blockchain in procurement has become essential.

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Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

World of Procurement blog

MAY 20, 2024

Contract lifecycle management (CLM) software has become an invaluable tool for procurement teams looking to optimize their contracting processes. A dedicated CLM platform provides the automation, control, and analytics procurement teams need to maximize the value of contracts while minimizing risk.

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Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. GPOs also bring balance to the negotiating equation because they already have relationships and contracts in place with vendors and suppliers. Benefits of a Group Purchasing Organization. Savings and beyond.

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Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Jaggaer

OCTOBER 24, 2024

Enhancing Supplier Performance Management By simplifying performance monitoring, reducing risks, and providing actionable data AI helps procurement teams form stronger relationships with suppliers.

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Una

SEPTEMBER 22, 2022

Train members of your procurement team to gain a base understanding of IT language, along with the function’s challenges, priorities, and ways of working. Have procurement be a part of IT's planning cycles with monthly or quarterly touch points and proactively show IT what the function is capable of. Speak the IT language.

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Procurement Insights

MAY 22, 2025

Core Platform and Capabilities Third Party Operating System (OS) Digital Backbone: Certas platform acts as a single, modular, and scalable operating system for managing all third-party relationships, including suppliers, customers, and partners. SAP GRC Real-time GRC and risk management for SAP-centric organizations.

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Supply Chain Efficiency supply chain budgeting Stakeholder engagement Agile and Lean Supply Chain 40

Arkestro

JANUARY 9, 2024

Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. So what’s in store for 2024? Reduce complexity. Get customized recommendations.

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supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

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Empowering CPO

MAY 5, 2023

Procurement’s Role in Driving Business Success Procurement, often viewed as a behind-the-scenes function, plays a critical role in a company’s success. It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries.

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IBM Supply Chain Blog

FEBRUARY 13, 2024

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. Technology that streamlines and automates transactions and contract management can significantly reduce these errors and expedite sourcing processes.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Zycus Cognitive Procurement

FEBRUARY 8, 2022

In today’s digitized environment, that true value of Procurement lies in becoming a strategic unit of the firm, which contributes towards growth and innovation. So how does AI help solve the procurement puzzle ? . This significantly reduces time spent on error detection and correction as well as saves the effort of all teams.

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Bonfire

APRIL 3, 2023

As public procurement partners, we speak to many procurement professionals at public sector agencies, and we frequently hear one common refrain—that they feel imprisoned by their ERP. For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay.

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Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Empowering CPO

MAY 6, 2023

The Growing Influence of Technology in Procurement The rise of digital technology has had a profound impact on procurement, revolutionizing the way organizations manage their supply chains and make strategic decisions. By proactively addressing these risks, procurement teams can ensure a stable and resilient supply chain.

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