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Aligning Finance and Procurement – Phase 4: Leveraging technology to bridge the Finance–Procurement gap

Spend Matters

Finance and procurement play critical roles in shaping an organizations financial health and operational efficiency. Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. This series shapes a five-phase approach to aligning finance and procurement.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

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Level up your procurement with AI: From quick wins to game-changing strategy

Spend Matters

From simple automations that save time to sophisticated strategies that drive major business value, embedding AI in your business processes can provide immense value. AI also enhances supplier profile management, enriching, verifying and completing supplier data to provide a more comprehensive view of risks and opportunities.

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AI in procurement: How different industries are harnessing its power

Spend Matters

Across industries, AI is capable of reshaping procurement, making it smarter, more predictive and highly efficient. Manufacturing and industrials: Strengthening the supply chain backbone In the manufacturing world, procurement is about much more than just tracking spend its the heartbeat of supply chain management.

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Source-to-Pay Digital Transformation: Roadmap for Efficiency and Resilience

Jaggaer

These four steps constitute the upstream source-to-contract part of the process. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.

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

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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 helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

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Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. 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.