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CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process.

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Managing Tail Spend to Avoid “Porcelain Dalmatians”

Una

Managing Tail Spend to Avoid "Porcelain Dalmatians". 5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team.

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CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process. About Ivalua.

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Category Management in Procurement

NLPA (Next Level Purchasing Association)

Here’s how: Optimize Spend & Drive Growth: Category management enables a deep dive into spending patterns across various categories. Additionally, category management fosters a focus on strategic sourcing , allowing teams to explore new sourcing opportunities that align with business growth objectives.

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The Criticality of Procurement Training in 2023

NLPA (Next Level Purchasing Association)

They all include enhancements of: Spend Management. The underpinning of effective spend management is the capacity to formulate and execute an Annual Buying Plan. Purchasing Training Tidbits. The post The Criticality of Procurement Training in 2023 appeared first on Next Level Purchasing Association (NLPA).

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Top Competencies of Procurement Professionals

NLPA (Next Level Purchasing Association)

Strategically measure purchasing performance Strategic measurement of purchasing performance is critical for any procurement department to succeed. This involves developing key performance indicators (KPIs) to measure performance and using data analytics to analyze purchasing data and identify areas for improvement.

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How to Implement a Strategic Sourcing Process

Una

At the end of this playbook, we’ll also explore how partnering with a group purchasing organization (GPO) can be seamlessly integrated into your strategic sourcing approach, enhancing your ability to drive value and deliver results. In particular, they’ve zeroed in on the cost-cutting of their organization’s day-to-day transactions.