Procurement Insights

MARCH 27, 2025

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. We aim to improve supplier onboarding, ensure regulatory compliance (e.g.,

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? Point-of-use data capture. The post ERP vs.

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supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

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. Procurement management tools offer features that enable businesses to track supplier performance, manage communications, and evaluate vendor reliability.

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supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Insights

MAY 13, 2025

His work is theoretical, focusing on adaptive systems to predict supplier risks or optimize sourcing. contract automation), with some predictive analytics capabilities. contract compliance), but his focus is less on risk management, offering limited support for supply chain volatility.

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Procurement Supply Chain Optimization Leadership Real-time Visibility 72

TYA Suite

JANUARY 27, 2025

Provides real-time visibility into procurement activities, ensuring transparency and accountability. Enables effective management of vendor contracts, including contract creation, monitoring, and renewal. Managing contract value involves monitoring and optimizing the financial aspects of vendor contracts.

Contract 40

Contract Real-time Visibility Contract management Management 40

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. Contract Management: The piece that connects the upstream and the downstream, where value starts being captured.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

TYA Suite

MAY 23, 2025

This statistic shows a real and common problem in many companies today. Vendor informationlike contracts, certificates, and performance reportsis often stored in different places. Now let's discuss how the right software can solve these problems and bring real value to your business. making it faster and more organized.

supply chain software solutions 40

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

Jaggaer

FEBRUARY 5, 2025

Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility. Digital S2P platforms provide real-time insights into supplier performance, contract compliance, and spending patterns.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Insights

APRIL 12, 2025

ProcureTech Solution Providers and Agentic AI Stances Agentic AI in procurement involves AI agents handling tasks like sourcing, contract management, and supplier coordination with minimal human oversight, often integrated into platforms like SAP or Coupa. Human Replacement?: SAP emphasizes augmentation, not replacement. cosmetics $0.07/unit

Real-time Visibility 52

Real-time Visibility Ethics Contract Suppliers 52

ivalua

JUNE 11, 2019

For the longest time, leading Procurement technology providers in my experience just ignored this space. The goal being to build in best practices that we’ve seen across our Public Sector customers, so that they are able to deploy and get up and running faster, thereby drastically reducing time-to-value.

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Procurement e2e Real-time Visibility Competitive bidding 169

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. This helps companies adhere to existing guidelines and be aware of potential risks before they emerge.

Supply Chain Efficiency 113

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

World of Procurement blog

MAY 8, 2024

Introduction to Contract Management Contract management is the process of systematically and efficiently managing contract creation, execution, and analysis to maximize operational and financial performance at an organization. Lease agreements - Contracts for renting equipment, real estate, vehicles, etc.

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Contract management Contract Management e2e 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. This ensures compliance and minimizes the risk of unexpected price increases.

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Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Engaging strategic suppliers in the process can help mitigate risks. To streamline activity, all regular services and shipments could be entered into the system annually, rather than weekly.

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

TYA Suite

JANUARY 27, 2025

The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. From sourcing construction materials to hiring contractors, a well-organized is essential for timely project completion and cost control.

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Real-time Visibility Management Procurement supply chain budgeting 40

Procurement Software

JUNE 20, 2023

The contract management software market is hot right now. Organisations seem to have finally realised that they’ve suffered from having a “desk drawer” approach to contracts. Being able to manage your contracts in one place, author them, approve them and sign them is a massive productivity boost.

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Contract management Contract e2e Management 52

ivalua

FEBRUARY 27, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. 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

JANUARY 12, 2023

To avoid this pitfall, it is necessary for public procurement teams to routinely review the entire process and challenge steps to ensure that requirements are necessary to meet rules or requirements and/or deliver real value. . It is vital that public procurement teams develop a data insight strategy to gain visibility into their operations.

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Strategy Real-time Visibility Procurement Procurement team 130

Procurement Insights

MAY 22, 2025

is a leading AI-powered platform specializing in third-party risk management, compliance, and supplier lifecycle automation. AI-First Automation: AI is built into every step, simplifying workflows, automating processes, and delivering real-time insights for compliance, onboarding, KYC/AML, contract management, and ESG initiatives.

Supply Chain Efficiency 40

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

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.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

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.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

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Procurement solutions Procurement e2e Real-time Visibility 113

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers.

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Sourcing Strategy Supply Chain Efficiency e2e 94

ivalua

FEBRUARY 24, 2021

in “ The Forrester Wave : Supplier Risk And Performance Management (SRPM) Platforms, Q3 2020.” Streamlined Contract Authoring: By starting contracting during sourcing, customers can reduce the cycle time from quote to contract and consider negotiated terms in sourcing decisions.

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Supply chain resilience Supply Chain Efficiency Supply Chain Optimization Innovation 100

Procurement Express

DECEMBER 31, 2024

It integrates with cost accounting systems to track spending, ensures smoother workflows for accounts payable and accounts receivable, and provides real-time visibility into purchasing activities. By providing real-time insights, it helps businesses identify unnecessary spending and make informed decisions to optimize budgets.

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

SCMDOJO

APRIL 29, 2024

A well-managed supply chain enables businesses to respond swiftly to market demands, mitigate risks, and seize growth opportunities. Key Components of Supply Chain Management To understand supply chain management better, let’s dive into its key components.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

Jaggaer

APRIL 3, 2025

The two next-highest ranked trends are also closely related: Deep Real-time Data and Insights Visibility (50%) and Broadening the Scope of Procurement Responsibility. Elizabeth highlighted the growing need for specialist procurement centers of excellence in areas such as risk management, analytics and sustainability.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52

Spend Matters

JUNE 19, 2023

They also improve access to contract information and drive more effective and timely purchasing decisions through the re-use of information to create contract terms and notifications of when to take critical actions. Click to enlarge Contract Lifecycle Management plays a crucial role in organizational risk management.

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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? Facilities management : Maintenance, cleaning, and security services. What’s Behind This Disconnect?

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Spend management Strategy Management Real-time Visibility 40

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. Automation cuts down on errors and gives your team more time to focus on what really matters.

supply chain software solutions 40

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

Spend Matters

JUNE 19, 2023

By generating these insights, spend analytics solutions proactively help reduce costs in the form of input costs and unnecessary consumption, mitigate both internal and supplier risk/non-compliance and design better processes, policies and practices. Click to enlarge Exploring the actual market state of the top 5 capabilities 1.

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Real-time Visibility Data e2e Quality 98

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

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Risk management Risk Procurement strategies Strategy 52

Planergy

FEBRUARY 24, 2025

While less visible, these procurement areas are crucial for maintaining a functional educational environment. Embrace Technology: Digital Transformation in Procurement Modern procurement technology is like a sophisticated GPS for resource managementproviding real-time insights, predictive analytics, and streamlined workflows.

Procurement 52

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Zycus Cognitive Procurement

OCTOBER 20, 2022

In broader terms, cognitive procurement can augment all parts of procurement, such as identifying potential suppliers, automating the contract management process, and creating a touchless procurement experience. Thus, to create value, procurement professionals must consider the full range of factors that impact cost, quality, and risk.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Quality 59

TYA Suite

SEPTEMBER 25, 2024

However, the is fraught with risks that can impact a company’s bottom line and operational efficiency. Effective procurement risk management is essential to ensure smooth operations and safeguard the organization’s interests. Understanding these risks is the first step toward effective procurement risk management.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40

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. This transparency is a game-changer because it enables all parties to view the same information in real time. This level of visibility is invaluable for several reasons.

Supply Chain Efficiency 40

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