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How to implement a future-ready e-procurement function

Spend Matters

To ensure automation delivers maximum value, procurement teams must first streamline their processes, enforce governance and standardize purchasing behaviors. Approval workflow bottlenecks: Manual approvals cause delays, increasing cycle times and reducing procurement efficiency.

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Aligning Finance and Procurement for cash flow optimization and liquidity —Phase 5: Sustaining alignment success with shared KPIs

Spend Matters

Without a shared measurement framework, procurements financial impact may go unnoticed, and finance may lack visibility into cost savings, supplier risk and payment efficiencies. ” The following section outlines essential KPIs and performance review mechanisms that drive accountability and enhance financial visibility.

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

Spend Matters

Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Without integration, finance teams struggle to track procurement-driven savings, while procurement lacks visibility into financial planning and liquidity management.

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

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Aligning Finance and Procurement for cash flow optimization and liquidity — Phase 2: Identifying misalignments

Spend Matters

Disconnected approval workflows Lack of synchronization between finance and procurement in invoice processing and contract approvals often results in delayed payments, missed early payment discounts and increased late penalties. Limited visibility into procurements impact on cash flow.

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How Sourcing and Contracts Are Improving Government Procurement Efficiency: A Success Story from Multnomah County

Jaggaer

By implementing JAGGAERs digital procurement solutions, the County is transforming how it manages sourcing, compliance, and contract workflows across departments. Lack of visibility across departments, impeding effective tracking of spending and contract status. Watch now

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Purchasing process - A step-by-step overview

TYA Suite

From raw materials for manufacturing to office supplies or software subscriptions, these purchases keep the business moving. But purchasing is more than just placing orders, it's a structured process that ensures the right items are bought, from the right sources, at the right price, and at the right time.