Spend Matters

JUNE 19, 2023

In this article, our analyst Nikhil Gaur looks at contract lifecycle management (CLM) platforms. What does a contract lifecycle management solution do? Top 5 Contract Lifecycle Management tech capabilities What’s the state of different procurement technologies in the market today and do they meet user demands?

Contract 104

Contract Management Negotiation Real-time Visibility 104

Procurement Insights

MARCH 25, 2025

PME is not only an opportunity to warm up the market but also ensuring that any issued RFP can be met, specifications and conditions are fit for purpose and the opportunity to add innovation into the procurement and Contract and Supplier management process.” Here’s how: 1.

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

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.

Contract management 52

Contract management Contract e2e Management 52

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.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

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.

Contract management 52

Contract management Contract Management e2e 52

ivalua

FEBRUARY 25, 2021

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Point-of-use data capture. Total Cost of Ownership, ERP appears to be cheaper, but is it?

supply chain budgeting 221

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.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

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

SCMDOJO

FEBRUARY 5, 2025

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. Think of it as the gold standard for procurement professionals. It provides a holistic view of the procurement landscape.

Procurement 54

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 54

Procurement Insights

MAY 13, 2025

contract automation), with some predictive analytics capabilities. contract compliance), but his focus is less on risk management, offering limited support for supply chain volatility. Hansen: Specializes in supplier relationship management through his Relational Contracting Model, emphasizing collaboration to mitigate risks.

Procurement 72

Procurement Supply Chain Optimization Leadership Real-time Visibility 72

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

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

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.

supply chain software solutions 40

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

ivalua

JUNE 11, 2019

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. For the longest time, leading Procurement technology providers in my experience just ignored this space.

Procurement 169

Procurement e2e Real-time Visibility Competitive bidding 169

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.

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. These begin with enhanced visibility.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 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?

Procurement 130

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. Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supply chain. .

Real-time Visibility 130

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

ivalua

JANUARY 24, 2022

Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. Data builds the bridge between your own internal supply chain visibility and the information you provide to your stakeholders. Timeliness is also important.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

ivalua

FEBRUARY 24, 2021

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. Now, customers can create and iterate on a draft contract during an RFX.

Supply chain resilience 100

Supply chain resilience Supply Chain Efficiency Supply Chain Optimization Innovation 100

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.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

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

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.

supply chain software solutions 40

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. Try out cognitive intelligence free for 30-days.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

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.

Supply Chain Efficiency 113

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

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

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

Jaggaer

MAY 19, 2020

“The automation has streamlined the Council’s contract management and supplier performance processes and as such we feel that this has increased our business efficiency and improved internal and third-party collaboration by reducing operating expenses.” – Tommy Burns, Procurement Project Officer – East Ayrshire Council.

Contract 52

Contract Suppliers Management Contract management 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.

Procurement solutions 113

Procurement solutions Procurement e2e Real-time Visibility 113

Procurement Heads

JANUARY 30, 2023

Procurement is more about contract management and negotiating great commercials for your business. The roles were different in nature as one involved closely managing warehouse colleagues whereas IT procurement is more office-based and strategic. CIPS is valuable because it allows you to apply your theory to the real world.

supply chain budgeting 130

supply chain budgeting supply chain software solutions Negotiation Real-time Visibility 130

Jaggaer

JULY 7, 2020

“What’s really beneficial is that we get instant insight into actual versus planned across all of our contracts, is our spend with a particular carrier a lot more or a lot less?” – Srestha Dutta, Global Process & Technology Senior Manager. Contracts are very dynamic in this category because there are so many moving parts. “A

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

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. It also enables the use of smart contracts, which automatically complete tasks like payments when certain conditions are met.

Supply Chain Efficiency 40

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

Let's Talk Supply Chain

NOVEMBER 2, 2022

We wrapped up our “Tomorrow’s Insights Delivered Today” mini-series with Sifted back in September and it was a real success. 05.00] An overview of Sifted’s contract monitoring solution, part of the carrier management suite. We’re in unprecedented times – everybody just wants precedented times for Christmas!”.

Contract 52

Contract Supply Chain Efficiency Supply Chain Optimization Contract management 52

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. In third place, cited by 56% of respondents, was the Changing Profile of Procurement Skills needed to adapt to these developments.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52

Procurement Software

MAY 16, 2023

Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right change management and procurement talent in place. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

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