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Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

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Technology unifies procurement and purchasing, improving visibility, compliance, and workflow automation. Procurement is the end-to-end process of identifying business needs, sourcing goods and services, negotiating contracts, and managing supplier relationships over time.

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Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. Your procurement technology platform should help unify data and processes across tiers to avoid disruptions.

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Understanding the Total Economic Impact™ (TEI) of Ivalua

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TEI helps organizations measure ROI, NPV, and efficiency gains from implementing solutions like Ivalua’s Source-to-Pay (S2P) platform. 393% ROI from process automation, better visibility, and replacing old systems. These disjointed processes introduced inefficiencies, increased human errors, and limited visibility into spend.

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Digital Procurement for Enterprises: Key Challenges and Critical Capabilities

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Unfortunately, outdated tools and fragmented processes make it difficult to maintain visibility across the supply chain and adapt at the pace of business. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.

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Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software? Significance and Benefits of SRM Software.

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What is Contract Lifecycle Management (CLM)?

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A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. An Overview of Contract Lifecycle Management.

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Contract Management Process — Everything You Should Know

Procurement Tactics

Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. For this article, we will talk about what the contract management process is. So without further ado, let’s start uncovering contract management. .