ivalua

MAY 21, 2025

Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.

Real-time Visibility 130

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

Skill Dynamics

APRIL 24, 2025

Understanding regulations is critical – but what truly builds resilience is training agile, informed teams who can pivot fast, minimize risk, and protect performance when global trade gets turbulent. Procurement Academy Understand how tariffs affect supplier negotiations, total cost of ownership, and sourcing strategies.

Strategy 82

Strategy Agile and Lean Supply Chain Cost of ownership Supplier negotiation 82

Spend Matters

MAY 8, 2025

Instead of prioritizing the newest features, procurement leaders must evaluate tools based on how well they address core objectives, such as cost optimization, risk management and operational efficiency. What is the full cost assessment over time?

Procurement 64

Procurement Cost of ownership Stakeholder engagement Contract 64

Jaggaer

FEBRUARY 5, 2025

They instantly compare bids based on predefined criteria, such as the lowest bid, pricing tiers, or total cost of ownership, and rank the suppliers accordingly. Moreover, the negotiation phase often involves delicate discussions around terms, risk allocation, and contingencies, which are better handled by human intelligence.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Software

JULY 6, 2025

Reduction in total cost of ownership: Purchasing energy-efficient machinery despite higher initial capex; buying higher-specification spare parts that reduce overall consumption and increase machinery uptime; near-shoring the supply chain to reduce stock-outs, optimise transport costs, and free up cash tied in excess inventory.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Strategic sourcing plays a critical role in this transformation, ensuring organizations secure the best value while mitigating risk.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Jaggaer

FEBRUARY 5, 2025

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Analysis should be focused on risks and opportunities while factoring in all costs and sources of added value. And in what sense?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

SCMDOJO

MARCH 14, 2025

Identify the Lowest Evaluated Bidder / Best Value Proposal Select based on cost and additional benefits. Consider total cost of ownership (TCO) rather than just initial cost. Best Practices: Use weighted financial models instead of lowest-price-only selection. Conduct sensitivity analysis to assess price reasonability.

Bidding 59

Bidding Contract Contract management Price 59

Jaggaer

APRIL 24, 2025

In short, demand latency has increased because supply chains have become more fragmented, buffered, and risk-averse while real consumer demand has grown more volatile and less visible to upstream partners. Total cost of ownership (TCO) is cross-functional, time-based, often qualitative, and poorly supported by existing systems.

Demand 52

Demand Logistics Real-time Visibility Procurement 52

Procurement Software

MAY 18, 2025

Upload contract documents and ask specific questions about terms, obligations, or risks. Consider total cost of ownership. This saves valuable time while maintaining quality. Contract Analysis Reviewing complex contracts becomes less daunting with AI assistance. LLMs can highlight important clauses and flag potential issues.

Procurement 52

Procurement Contract Cost of ownership Budget 52

Supply Chain Game Changer

JUNE 25, 2025

Monitor events, sense risks and provide mitigation options while there’s time Good news travels fast. Today’s supply chain systems have gotten really good at identifying and sensing risk before they happen. This offers tremendous savings in time and total cost of ownership. Bad news travels slow.

supply chain software solutions 94

supply chain software solutions Supply Chain Optimization Supply chain e2e 94

Arkestro

NOVEMBER 12, 2024

Today’s procurement challenges go far beyond cost negotiations and sourcing. Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets. While this approach saves time and effort, it also comes with inherent risks.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Total cost analysis (how much does it cost to provide those goods or services?) Tactical Versus Strategic Sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

TYA Suite

MAY 23, 2025

This proactive approach minimizes defects, improves consistency, and reduces the risk of returns. Stronger risk management and supply chain resilience Effective collaboration provides greater visibility into potential risks, such as raw material shortages or market disruptions.

supply chain software solutions 40

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 40

TYA Suite

JUNE 2, 2025

Without a structured approach to buying, companies risk overspending, ordering the wrong items, or dealing with unreliable suppliers. Such problems may result in delays, higher costs, and possibly interruptions in service or production. In such situations, standard protocols can be circumvented to accelerate the purchasing process.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

Supply Chain Game Changer

JULY 15, 2025

Evaluating total cost of ownership beyond the price tag Focusing solely on the upfront cost of industrial equipment can mask the true financial commitment required over its lifetime. These components also reduce strain on other equipment, limiting wear and lowering the risk of premature failures. In 2023, U.S.

Supply Chain Efficiency 75

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Agile and Lean Supply Chain 75

TYA Suite

MAY 13, 2025

Total Cost of Ownership (TCO) Approach What it is: Instead of just focusing on the purchase price, consider all associated costs like maintenance, transportation, and disposal. How it works: Evaluate all costs over the product's lifecycle, not just the upfront cost.

Strategy 40

Strategy Import Procurement Raw materials 40

Planergy

MAY 8, 2025

As procurement teams mature, theyre no longer just fulfilling orders or controlling spendtheyre enabling growth, mitigating risks, and aligning closely with finance and business leadership. 4] These platforms streamline reporting, reduce risk, and free teams to focus on value creation. 9] Risk mitigation is another driver.

Strategy 52

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

Skill Dynamics

APRIL 24, 2025

When these two functions operate in harmony, the result is smoother operations, lower risk, and increased profitability. Misalignment doesnt just create inefficiency – it creates risk. Managing Supply Chain Risks Through Procurement Strategies In todays volatile environment, supply chain risk is a board-level concern.

Supply chain management 52

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

Planergy

FEBRUARY 24, 2025

Prioritize Total Cost of Ownership (TCO) TCO goes far beyond the initial purchase price, considering the entire lifecycle of an asset or service. Measuring Procurement Effectiveness Key performance indicators for educational procurement include: Cost Savings Percentage: Its not about spending less but the value for money.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

SCMDOJO

APRIL 11, 2025

Struggling with the true cost of ownership or serving your customers? Vendor Dynamics: Indicates the complexity and potential risks/opportunities in your supplier base. A very low number for critical items might indicate high supply risk. It informs supplier base management strategy and risk assessment.

Supply Chain KPIs 72

Supply Chain KPIs Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions 72

Procurement Insights

JUNE 18, 2025

50% cloud shift by 2025) over process fit, risking misalignment. Independent, Contrarian Perspective Hansen Fit Score : Offers independent, sometimes contrarian analysis that challenges vendor marketing and analyst groupthink, spotlighting overlooked risks and implementation pitfalls. Gartner: Relies on maturity assessments (e.g.,

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Supply Chain Efficiency Data 52

Spend Matters

APRIL 24, 2025

The impact of technology on procurement is multi-dimensional and encompasses efficiency, risk mitigation, supplier innovation and sustainability. Without a structured framework for measuring success, organizations risk miscalculating their transformation’s impact, leading to misguided priorities and underwhelming results.

Procurement 77

Procurement Procurement team Suppliers Sourcing 77

Jaggaer

JANUARY 23, 2025

Now is the time to invest in advanced technologies to conduct risk assessments, devise strategies to avoid, manage or mitigate risk, and stay on top of things. Adapt, navigate through disruptions, mitigate the risks, and leverage US production. Adapt to the new reality Control what you can and adapt to what you cannot.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52

Positive Purchasing

APRIL 3, 2025

However, this is not the case, and it seems that President Trump is confident to bet everything on the fact that Americas allies cant risk being distanced by the US, but crucially it also provides a stage for America to revaluate who is allies truly are, and who it wants as its future allies.

Negotiation 52

Negotiation Procurement supply chain budgeting Price 52

Supply Chain Game Changer

JULY 16, 2025

In addition, automation can also lead to cost savings in the long run by reducing the need for manual labor and mitigating the risk of costly errors. Once you have shortlisted a few options, it’s essential to consider the total cost of ownership, including licensing fees, implementation costs, and ongoing maintenance fees.

supply chain software solutions 64

supply chain software solutions Supply Chain Efficiency Cost of ownership Supply Chain Optimization 64

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. at 29% of the total. 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

Inconsistеnt еmploymеnt policiеs, tax structurеs, and labor protеctions across different countries can crеatе significant compliancе risks. Howеvеr, thеy sееk cost-еffеctivе and risk-mitigatеd еmploymеnt solutions. 24/5 Human Support: Dеdicatеd account managers еnsurе a hasslе-frее global hiring еxpеriеncе.

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

Pipefy

MAY 22, 2024

A brief introduction to total cost of ownership (TCO) Total cost of ownership refers to all of the expenses that are incurred when purchasing, implementing, deploying, maintaining, and using a product, tool, or equipment. This also includes any time costs associated with downtime, training, or other productivity losses.

Cost of ownership 52

Cost of ownership Purchasing supply chain software solutions Supply Chain Optimization 52

ivalua

FEBRUARY 25, 2021

What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? Total Cost of Ownership, ERP appears to be cheaper, but is it? In fact, 74% of ERP implementations go Over Budget and they take longer to roll out.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Tactics

SEPTEMBER 7, 2022

The total cost of ownership. Life cycle costing. Risk reduction. Organizations that follow sustainable procurement practices and decisions reduce the risk of facing a financial impact on their brand value. Cost reduction. Manage reputation and minimize business risks. Governmental Pillar.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

Procurement Tactics

SEPTEMBER 21, 2022

Sustainability in procurement helps reduce the total cost of ownership through the reduction of energy costs, minimized consumption, over-specification, and environmental and social compliance cost. Risk reduction. Risk is linked with all the suppliers of an organization it chooses to partner with.

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

Sustainability helps improve the financials and future-proof the organization against a range of risks that can disrupt supply chains. Thus, companies must start working on managing these risks by integrating sustainability that can help their procurement processes to be robust. What is its importance?

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Negotiation 187

Procurement Tactics

MAY 2, 2023

The most efficient way to ensure that sustainability risks are incorporated into procurement decision-making is to integrate sustainability features within these documents. They should be clearly defined without any risk of bias and should allow fair competition among the suppliers who will take part in the bidding.

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

Supply Chain Game Changer

AUGUST 4, 2020

These are the Critical Supply Chain lessons we discuss in our latest video: The Importance of Supply Chain Talent Designing in Supply Chain Flexibility Taking Total Cost of Ownership Seriously Mission Critical and Strategic Inventory Positioning Disaster Planning Taken Seriously Exhaustive End to End Supply Chain Mapping Design Your Supply Chain for (..)

Supply chain 128

Supply chain Cost of ownership Supply Logistics 128