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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. For example, blockchain-backed contract management, when combined with automation, creates efficiencies and offers a high level of security.

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Three Arguments to Justify Contract Lifecycle Management Investments

The Good Spending

A contract projects an economic exchange into the future. This simple definition suggests that a contract doesn't disappear upon its execution, just like some colleagues believe when they leave their contracts poorly recorded and unmanaged the moment they sign them. Truth: CLM is beneficial for organizations of all sizes.

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Procurement Tracking – Everything You Should Know

Procurement Tactics

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. Delivery and Logistics The status of goods and services purchased, such as their delivery timelines, transportation times, or receipt is monitored. The key elements are typically: 1.

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Spendflo: Vendor Analysis — SaaS buying and management solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

Categories: Contract Management , Procurement Systems & Architecture , Solution Providers , Source-to-Contract Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Spendflo and its solution for SaaS procurement and management.

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Tips to Streamline Your Purchase Requisition Approval Process

Pipefy

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

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Frictionless P2P: A Dream or Reality? 

ivalua

Many large organizations implement a Procure to Pay platform with the aim to deliver efficiency, visibility, simplicity, and compliance. The ultimate goal is to realize contracted savings and ensure that suppliers ‘perform to contract’. Procurement as end-to-end process owner .

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Transparency with Purpose – Public Sector Procurement

ivalua

Suppliers need bidding and contract transparency. It is one thing to make tenders public, and another to offer suppliers visibility into the end-to-end bid management process and final award decisions. Without contextualized understanding, people can easily – and unnecessarily – become concerned.

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