Spend Matters

MAY 8, 2025

Choosing the right tools is not just about adopting the latest technological innovation; it is about ensuring that investments in technology align with procurements strategic goals, solve real business challenges and deliver measurable value. What is the full cost assessment over time?

Procurement 64

Procurement Cost of ownership Stakeholder engagement Contract 64

ivalua

MAY 21, 2025

This makes it easier to scale, standardize, and innovate without compromising flexibility. Procurement becomes a true business partner that’s agile, data-driven, and aligned with corporate goals (ESG, resilience, procurement innovation, etc.). What ROI can I expect from digital procurement?

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain e2e 130

ivalua

JUNE 5, 2025

It aligns sourcing decisions with broader business goals and supports innovation, compliance, and resilience. 1) Procurement optimizes TCO; purchasing focuses on price per unit Procurement looks at total cost of ownership (TCO), including quality, risk, and long-term value.

Purchasing 130

Purchasing Risk Procurement e2e 130

TYA Suite

MAY 23, 2025

This innovative solution is designed to bridge the gap between businesses and their suppliers, creating a seamless flow of information, better communication, and more efficient workflows. Enhanced product quality and innovation Supplier collaboration ensures that both businesses and suppliers align on quality standards from the start.

supply chain software solutions 40

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 40

TYA Suite

MAY 13, 2025

Lower costs mean more available cash to invest in other parts of the business like marketing, product development, or hiring. Businesses that control costs can offer better pricing or invest more in innovation, giving them an edge over competitors. Cost control helps avoid overbuying, unnecessary stock, or duplicate purchases.

Strategy 40

Strategy Import Procurement Raw materials 40

Supply Chain Game Changer

FEBRUARY 5, 2025

Outsourcing logistics allows companies to leverage these advanced systems and data analytics capabilities without the high costs of ownership. Partnering with specialists enables companies to focus on what they do best and drive greater innovation and growth.

Logistics 52

Logistics Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 52

Planergy

FEBRUARY 24, 2025

Educational leaders use strategic procurement to negotiate favorable contracts, explore innovative solutions, and drive institutional efficiency. Prioritize Total Cost of Ownership (TCO) TCO goes far beyond the initial purchase price, considering the entire lifecycle of an asset or service.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Insights

MARCH 17, 2025

Ideal for complex, high-stakes negotiations where game theory can model supplier behavior and optimize total cost of ownership. Innovation and Vision ProPurchaser : Innovative in its niche of marketplace intelligence, closing the knowledge gap between buyers and suppliers. Gartner, Everest).

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

Procurement Insights

JUNE 18, 2025

Early Trendspotting and Innovation Hansen Fit Score : Identifies and rewards early adoption of disruptive models (e.g., Traditional Firms : Tend to validate trends after they are established, sometimes missing early-stage innovation or overemphasizing incumbent vendors.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Supply Chain Efficiency Data 52

Planergy

MAY 8, 2025

5] Finance Leaders Are Collaborating More Closely with Procurement: Nearly 48% of CFOs are leveraging procurement data to support broader financial strategies, from fraud detection to cost optimization. [1] 6][7][9] Procurement in 2025 is evolving fastbalancing operational demands, strategic decision-making, and digital innovation.

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

Skill Dynamics

APRIL 24, 2025

Their success (or failure) affects everything from cash flow and customer satisfaction to innovation and long-term growth. When these two functions operate in harmony, the result is smoother operations, lower risk, and increased profitability. An inaccurate demand forecast can throw procurement plans into chaos.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Jaggaer

APRIL 9, 2025

The need to innovate, automate and contain costs calls for optimum performance across the manufacturing value chain. But investigate the total cost of ownership (TCO) rather than price alone consider licensing, implementation, maintenance, and training costs. These industries are also highly competitive.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Raw materials supply chain software solutions 52

Spend Matters

APRIL 24, 2025

The impact of technology on procurement is multi-dimensional and encompasses efficiency, risk mitigation, supplier innovation and sustainability. Traditionally, procurement teams focused on Total Cost of Ownership (TCO), aiming to reduce direct expenses related to goods and services.

Procurement 77

Procurement Procurement team Suppliers Sourcing 77

Supply Chain Brain

JUNE 23, 2025

New production methods and economies of scale are driving down fuel costs. While total cost of ownership today typically requires incentives to reach parity with diesel, the gap is narrowing annually. Infrastructure efficiency.

Supply Chain Optimization 91

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Real-time Visibility 91

Supply Chain Game Changer

JULY 9, 2025

The future of Employer of Record services will be shapеd by tеchnological innovation, rеgulatory adaptations, workforcе dеmographic shifts, and еconomic rеsiliеncе stratеgiеs. 35% Lower Cost of Ownership: Comparеd to traditional еmploymеnt modеls, Multipliеr offers significant cost savings.

Cost of ownership 90

Cost of ownership Risk Contract Supply chain 90

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. What is the current nature of these Total Cost of Ownership models, and what needs to change to make their use more robust and responsive? What is a Total Cost of Ownership Model?

Cost of ownership 105

Cost of ownership Procurement Supply Chain Optimization Price 105

ivalua

MARCH 18, 2021

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. It is a true boost to efficiency and competitiveness in innovative sectors of the automotive industry to be able to rely on the expertise of experienced partners.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

ivalua

MAY 28, 2014

At one time, these were innovative, effective tools but compared to the Nexus of Information, spreadsheets and email have become slow and limiting. The Cloud: Gartner stated that in 2013 cloud adoption rose by 40%, driven by the low total cost of ownership, which reduced both infrastructure and overall maintenance costs.

Supply Chain Optimization 100

Supply Chain Optimization Innovation Supply chain Cost of ownership 100

Procurement Tactics

SEPTEMBER 7, 2022

Although the trend in procurement is to find sustainable and renewable resources, innovation will have a big part in achieving sustainability goals. . The total cost of ownership. Life cycle costing. This is due to the reduced energy costs, lower consumption, and decrease in social and environmental compliance costs.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

Procurement Tactics

SEPTEMBER 21, 2022

Sustainable procurement helps businesses by providing opportunities for brand differentiation as it encourages businesses to develop more sustainable and innovative products. . Businesses of all sizes need to save money and reduce costs as much as possible. Making sustainability the opportunity for innovation. Risk reduction.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

ivalua

JULY 15, 2015

Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

Procurement Tactics

APRIL 5, 2023

Innovation By accepting sustainability, businesses can create future-oriented products and services and create a culture where innovation and sustainability are the foundation of their company. Instead of looking at sustainability as a challenge, you need to start looking at it as an opportunity for innovation.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Negotiation 187

Procurement Templates

SEPTEMBER 14, 2023

This collaboration can involve joint efforts to reduce waste, improve energy efficiency, and develop innovative, eco-friendly products. Eco-friendly Innovation Sustainable procurement is not solely about minimizing negative impacts; it is also about fostering innovation.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

SCMDOJO

JULY 3, 2023

In this course, you will explore various essential aspects, including the definition of Total Cost of Ownership, key considerations, the impact of the green economy, realities of the post-Covid supply chain, and a comprehensive cost calculation checklist. Total Cost of Ownership – Definition Lesson 2.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

IBM Supply Chain Blog

AUGUST 1, 2023

Whether it’s addressing customer demands for seamless digital experiences or helping clients navigate complex industry regulations, IBM Cloud is committed to helping clients drive innovation today while preparing them for tomorrow.

Innovation 63

Innovation Cost of ownership Risk Data 63

Procurement Tactics

MAY 2, 2023

In some circumstances, it is beneficial to request that suppliers offer products or services that are more sustainable than those included in the requirements as it will promote innovation. This strategy should only be used if the organization is willing to consider other options.

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

Una

MAY 10, 2023

Cory is also the host of the Sustainable Packaging podcast, where he welcomes industry experts to discuss ways to make packaging more sustainable.

Sustainability 98

Sustainability Cost of ownership Sourcing Supply chain 98

ivalua

MARCH 18, 2021

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. It is a true boost to efficiency and competitiveness in innovative sectors of the automotive industry to be able to rely on the expertise of experienced partners.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

Una

NOVEMBER 1, 2022

The initial cost of goods is important, but strategic sourcing takes several other factors into account, which can include: Total Cost of Ownership Innovation Security of supply Quality Social responsibility Sustainability Total Cost of Ownership (TCO) shows how strategic sourcing goes beyond an item’s short-term purchasing pricing.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

IBM Supply Chain Blog

APRIL 11, 2024

To modernize, remain competitive and be compliant with regulations requires organizations to work with a “trusted” technology partner who can help to bring together their traditional payment practices and innovative solutions. Easily automate payments and manage cash across the SEPA zone by using your existing banks.

Innovation 58

Innovation Cost of ownership Data Risk 58

ivalua

OCTOBER 28, 2015

Driven by a desire by manufacturers to insulate themselves from spiraling labor costs, manufacturers shifted production of parts and components into the supply chain. Suppliers generate incremental value by supporting innovation, product design, cost management programs, and even taking on market risk as part of growing the relationship.

Suppliers 100

Suppliers Cost of ownership Collaboration Price 100

Supply Chain Collaborator

JANUARY 7, 2020

What is the total cost of ownership? The rapid pace of technological advancements will quickly expose a solution lagging innovation. Failure means living with a costly and imperfect solution for years – or worse, absorbing the cost of failed implementation and a whole new selection/implementation process.

Cost of ownership 92

Cost of ownership Supply Chain Efficiency Supply chain Innovation 92

IBM Supply Chain Blog

SEPTEMBER 11, 2023

We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge. The IBM and AWS partnership emerges as a lighthouse of innovation.

Raw materials 104

Raw materials Cost of ownership Innovation Data 104

Procurement Tactics

SEPTEMBER 15, 2022

Decrease operation, maintenance, replacement, transportation, and waste disposal costs. Promotes innovation as more organizations demand and seek sustainable alternatives. . Use the Total Cost of Ownership (TCO) approach when buying. Economic benefits. Stimulates a strong local economy by supporting local vendors.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Procurement Leaders

FEBRUARY 26, 2024

It would mean that organisations could make progress in shifting corporate thinking so procurement spend is seen as an investment rather than a cost; and that short-term, opportunistic, and savings-driven decisions are consigned to history.

Cost of ownership 130

Cost of ownership Agile and Lean Supply Chain Sustainability Procurement team 130

SCMDOJO

SEPTEMBER 19, 2024

If you graduated from a program focusing on supply chain management or completed professional certification in procurement, the coursework and educators always say that piece price isn’t the total cost of ownership of the item purchased. Everyone agrees with this view, including executives and boards.

Price 98

Price Suppliers Cost of ownership Purchasing 98

Procurement Tactics

MARCH 29, 2023

Innovative solutions Innovative solutions are necessary for companies to address their sustainability objectives and encourage innovative procurement practices to promote more sustainable outcomes throughout the supply chain. Focus on needs An organization must only be focused on what it needs.

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130