Spend Matters

MAY 27, 2025

Supplier contract values and payment terms must be integrated into working capital planning to prevent cash flow disruptions. Improve spend visibility and cost tracking Procurement teams should standardize cost-saving tracking methodologies to contribute validated savings to financial reporting accuracy.

Real-time Visibility 82

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 82

Jaggaer

FEBRUARY 5, 2025

Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools. This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. There is still scope for the software to throw some of these factors into the assessment.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency 178

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

TYA Suite

MAY 3, 2025

As I've experienced with NetSharx clients transitioning to Unified Communications as a Service (UCaaS), scalable solutions allow businesses to grow without major overhauls, ensuring the procurement tool can support evolving needs and integrating emerging technology like AI and SD-WAN. Better records mean better outcomes.

supply chain software solutions 40

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

Procurement Tactics

JULY 2, 2023

There are various tools and software that provide a template to create a job order document. 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.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

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

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 Insights

JANUARY 3, 2025

Minimal Strategic Involvement : Procurement was often siloed, with limited involvement in broader corporate strategies. Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes.

Agile and Lean Supply Chain 52

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

Spend Matters

FEBRUARY 22, 2024

With the advent of AI, and especially generative AI within that broader term, and the continued globalization of supply chains, the pace of change has sped up, forcing businesses and workers to adjust quickly. Third-party risk management through a specialized vendor moves beyond the onboarding and intake process.

Supply Chain Efficiency 113

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

Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. These four steps constitute the upstream source-to-contract part of the process. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Make them feel in control.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Software

JUNE 13, 2023

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

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. Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.

Contract 130

Contract Sourcing Suppliers Data 130

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

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. You have to know what you’re spending your money on before you can start to transform your procurement operations. To do this quickly and efficiently, spend analytics software is your best friend.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 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. But today this is largely executed electronically, for example by eSourcing events and with sourcing optimization software.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Procurement Insights

JUNE 1, 2025

Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through “advanced self-learning algorithms” in procurement and supply chain applications. Hansen was discussing and applying AI in procurement in the late 1990s. contract management, supplier risk analytics).

Procurement 52

Procurement Risk Data Innovation 52

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. The Four Types of Procurement in Education Direct Procurement Direct procurement involves acquiring goods and services directly related to an institution’s core educational mission. What's PLANERGY?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Planergy

MARCH 19, 2025

Modern Spend Management and Accounts Payable software. Cost Efficiency: Thoughtful management helps schools meet financial goals by eliminating waste. Schools thrive when predictable and reliable supply chains foster a stable learning environment. Proper risk management protects against these situations.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Procurement Tactics

AUGUST 24, 2022

The procurement team and finance team work together to cross-check the items ordered and paid. Contract management. Information of the suppliers must always be updated, Supplier network integrates with supplier management software and allows onboarding of suppliers. . Reduction in paper flows.

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Third party risk management. Contract lifecycle management.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

TYA Suite

MAY 3, 2025

It involves building strong relationships with vendors, negotiating contracts, tracking performance, and ensuring compliance with company policies and industry regulations. Whether its raw materials, software, logistics, or outsourced services, companies rely on multiple suppliers to run smoothly.

Vendor management 40

Vendor management Management supply chain software solutions Contract 40

World of Procurement blog

JULY 27, 2021

We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. You’ll also notice that Procurement is often talked about as part of the Supply Chain.

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Pipefy

JANUARY 30, 2024

Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and remain competitive.

Agile and Lean Supply Chain 52

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

Procurement Express

DECEMBER 31, 2024

Facilities management : Maintenance, cleaning, and security services. IT services : Software subscriptions, cloud storage, and tech support. Understanding these categories is the first step toward better visibility, smarter procurement processes, and tighter budget control. Create vendor and supplier expense management policies.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Tasks such as vendor selection criteria, contract management and compliance initiatives should be clearly defined.

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

TYA Suite

NOVEMBER 15, 2024

In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains. First, it allows companies to identify bottlenecks within the supply chain quickly.

Supply Chain Efficiency 40

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

Pipefy

JANUARY 5, 2023

Companies that still rely on manual procurement processes are at a competitive disadvantage. That’s because manual procurement processes tend to be inefficient, fragmented, and error-prone. Fortunately for procurement teams, the shift from manual to digital procurement has never been easier or more cost-effective.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Una

JULY 6, 2022

As a true sourcing accelerator , our goal is to become an extension of your procurement team. Una does this by offering assistance on everything from supply chain management, data and analysis, education, and more. How to Improve the Procurement Process & Increase Cost Savings. Supply Chain Management.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Lots of European procurement tech startups are still in early or growth phase. Apadua Apadua is a professional services sourcing software, based in Cologne, Germany.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Empowering CPO

MAY 6, 2023

The Evolving Role of Procurement in Businesses In today’s rapidly changing business landscape, procurement has emerged as a strategic function that goes beyond merely purchasing goods and services. This enables procurement teams to focus on strategic activities that contribute to the company’s growth and success.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

TYA Suite

NOVEMBER 5, 2024

In recent years, artificial intelligence (AI) in procurement has emerged as a game-changer, redefining how organizations manage their supply chains, purchasing decisions, and. As a result, procurement teams can focus on strategic decision-making rather than repetitive tasks.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Procurement team supply chain budgeting 40

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. Descriptive analytics can help identify patterns and trends.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. Descriptive analytics can help identify patterns and trends.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52