ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Procurement team 130

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

ivalua

MAY 10, 2025

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.

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Procurement 130

SCMDOJO

DECEMBER 5, 2024

However, if the life cycle stock is healthy, inventory management is smooth. Inventory management revolves around the pivotal concept of the product life cycle. However, the basic knowledge of managing a product life cycle revolves around the four stages of the inventory life cycle.

Inventory 98

Inventory Management Supply Chain Optimization Supply Chain Efficiency 98

Procurement Insights

MAY 3, 2025

Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supply chain management. It targets sourcing managers and procurement professionals with actionable content.

Procurement 40

Procurement Supply Chain Optimization Ethics supply chain software solutions 40

ivalua

JUNE 5, 2025

Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. What is Procurement? What Does Procurement and Purchasing Mean for Enterprises?

Purchasing 130

Purchasing Risk Procurement e2e 130

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. Many organizations also make the mistake of underestimating integration challenges.

Procurement 64

Procurement Cost of ownership Stakeholder engagement Contract 64

Fraxion

MAY 8, 2025

Youre expected to manage cost pressures, lead digital transformation, support strategic decisions, and respond to shifting regulatory and talent demands while keeping the business financially strong. As a finance leader in 2025, your role goes far beyond oversight.

Cost optimization 40

Cost optimization Leadership Demand Import 40

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

Jaggaer

OCTOBER 24, 2024

As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business. From basic cost optimization to leveraging technology, we’ve laid out our six best practices for building and maintaining collaborative supplier relationships.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

ivalua

JUNE 12, 2025

By consolidating suppliers or bringing unmanaged spend under contract, companies can quickly reduce costs and improve compliance. Category-level analysis supports smarter sourcing by giving category managers the insight they need to negotiate better terms, evaluate supplier performance, and align spending with strategic priorities.

supply chain budgeting 130

supply chain budgeting Risk Real-time Visibility Supply Chain Efficiency 130

SCMDOJO

FEBRUARY 16, 2025

This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 72

SCMDOJO

FEBRUARY 21, 2025

Procurement leaders, Chief Procurement Officers (CPOs), and Supply Chain Managers must proactively build resilience into their procurement processes to safeguard operations. Logistics & Transportation Failures: Port congestion, rising freight costs, and fuel shortages. Increased costs due to emergency sourcing.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. While the shift may seem complex, breaking it into clear milestones makes the process more manageable, allowing your organization to stay focused on the bigger picture while driving long-term success.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

TYA Suite

APRIL 13, 2025

If youve ever wondered how businesses buy supplies, negotiate with vendors, or keep costs under control, the answer often lies in a. AProcurement Management Systemis like a smart assistant for businesses. What Is a Procurement Management System? How Does a Procurement Management System Work? 10 laptops). :

Management 40

Management Procurement Real-time Visibility Budget 40

SCMDOJO

FEBRUARY 5, 2025

MCIPS: The Gold Standard in Procurement Qualifications MCIPS is a globally recognized professional qualification that signifies a deep understanding of procurement and supply management. It’s a structured program with defined levels that culminate in a prestigious certification.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

Spend Matters

APRIL 24, 2025

According to the State of SaaS Procurement 2025 report, 35% of procurement leaders are already investing in standalone AI solutions and 29% of them are bundling solutions with AI capabilities into their existing SaaS management platforms. That number is expected to rise rapidly as cost optimization becomes a top boardroom priority.

Procurement team 77

Procurement team Contract Negotiation Vendor relationships 77

TYA Suite

JUNE 22, 2025

Procurement has become a strategic function in modern businesses, with growing pressure to manage costs, improve supplier performance, and drive operational efficiency. Efficient data management involves the collection, cleaning, integration, and storage of procurement data. This is the heart of procurement analytics.

Procurement 40

Procurement Real-time Visibility Supply Chain Efficiency supply chain software solutions 40

Jaggaer

OCTOBER 24, 2024

In the absence of communication, even the best suppliers can only deliver marginal value at best. For optimal effectiveness, supplier selection, contract management , and supplier development must be supported by consistent, streamlined, and transparent collaboration. Integration is another challenge.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Real-time Visibility 52

Procurement Software

JANUARY 26, 2025

Automation and Efficiency Automation liberates procurement professionals from mundane transactional tasks, allowing them to focus on strategic initiatives like category management, sustainability, and fostering innovation with key suppliers. Category Managers will be freed up to spend more time on execution rather than data gathering.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Category management Agile and Lean Supply Chain 52

SCMDOJO

JULY 4, 2025

This would be a significant cost-saving and time-saving mechanism for both the shippers, carriers, and logistics providers. It also enables the management of the supply chain finances in exciting aspects. Automated Reporting AI tools can take billing data and create customized reports for each manager.

Supply Chain Efficiency 84

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 84

SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Procurement Insights

APRIL 8, 2025

Scalability and Resilience Factor Agent-Based Model (Metaprise) Equation-Based Intake & Orchestration Scalability Agents scale across global networks, managing thousands of variables (e.g., Example Agents autonomously manage compliance across 50+ countries with varying regulations. tariffs, ESG metrics).

Supply Chain Optimization 81

Supply Chain Optimization Procurement Supply Chain Efficiency Agile and Lean Supply Chain 81

Jaggaer

MARCH 6, 2025

Harnessing Advanced Technologies & Proving Benefit Modern procurement systems must integrate advanced technologies to streamline processes and enhance decision-making: Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are now indispensable for automating repetitive tasks, such as supplier evaluations and contract management.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

Procurement Insights

JULY 2, 2025

(A PI Q&A) , A reader asked the following question: Aside from the basics of spend analysis and eliminating redundancy, I’m curious to hear of others’ experiences in dealing with mergers/acquisitions and how the cultural elements were addressed in terms of promoting the use of preferred vendors and the adoption of expense management policy.

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 59

Procurement Insights

MAY 13, 2025

Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation. His focus on user adoption and ROI ensures tech solutions are manageable for organizations of varying sizes and tech maturity. His focus on relationships also supports manageable supplier interactions.

Procurement 72

Procurement Supply Chain Optimization Leadership Real-time Visibility 72

Procurement Insights

APRIL 4, 2025

Rank Conference Reasoning 1 SIG (Global Executive Summit) SIG stands out for its practitioner-driven focus on procurement best practices, cost optimization, and supplier management. 3 ISM Annual Conference ISM offers a broad supply management perspective, blending procurement practices with supply chain trends.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Procurement 52

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Bidding Supply Chain Efficiency 52

Planergy

MAY 8, 2025

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Dashboards and integrated analytics help identify bottlenecks, reduce costs, and make it easier to flag issues early. What's PLANERGY?

Strategy 52

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

Procurement Insights

APRIL 30, 2025

supplier relationship management). ease of use in contract management). sourcing, contract management) can complement Ardents P2P focus, providing a holistic view of how AP automation fits into S2P processes. cost reductions on labor/outsourcing/technology costs) and to benchmark procurement performance.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Insights

APRIL 5, 2025

6 Coupa Software 2006 Founded in 2006, a relatively younger leader in spend management. 8 Keelvar 2012 Founded in 2012, a decade of experience in sourcing optimization. 2 Coupa Software 3,000+ employees Publicly traded, $725M revenue (2023), a major player in business spend management.

supply chain software solutions 52

supply chain software solutions Negotiation Supply Chain Optimization Supply Chain Efficiency 52

Skill Dynamics

FEBRUARY 11, 2025

Risk management Identifying, assessing, and mitigating risk are all key skills for any supply chain professional. Supply chain disruptions, cybersecurity, and risk transfer are all areas that should be covered in any training program to help your team develop their skills around general risk management.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 52

SCMDOJO

JANUARY 29, 2025

However, implementing inventory management techniques such as ABC analysis and safety stock to optimize stock levels and minimize the risk of stockouts. Implementing strategies to improve order fulfillment accuracy, such as implementing barcode scanning and utilizing warehouse management systems (WMS).

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Procurement Insights

MARCH 23, 2025

Indirect spending typically represents 15-27% of revenue in manufacturing companies, making it a significant area for cost optimization. travel, consulting) and lower in fixed costs (e.g., Facilities Management: 10% ($7.5 Savings Potential: 5-8% via contract optimization. 5% Facilities Management $7.5

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

Procurement Insights

JUNE 18, 2025

McKinsey: Reports 13x ROI with analytics (Deloitte study proxy), but high consulting costs offset savings for smaller providers. G2: Offers minimal direct savings (1–5%), focusing on user satisfaction rather than cost optimization.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Supply Chain Efficiency Data 52

Procurement Insights

JULY 3, 2025

Industry Sweet Spot Pharmaceutical industry’s complex regulatory environment, supplier risk management, and compliance requirements are ideal for SpendKey’s capabilities SpendKey’s proven pharma case study ($25M savings) provides direct credibility and relevance Pharma 1’s mid-sized scale (vs.

e2e 52

e2e Supply Chain Optimization Spend management Agile and Lean Supply Chain 52

Procurement Insights

MAY 21, 2025

Budget Constraints Dynamic Cost Optimization: Autonomous agents analyze spend patterns, negotiate with suppliers in real-time, and reroute logistics during disruptions (e.g., tariffs, port strikes), reducing costs by 2030% (DND case study). Heres how it tackles each challenge: 1. avoiding tariff bottlenecks).

supply chain budgeting 52

supply chain budgeting Real-time Visibility Stakeholder engagement Agile and Lean Supply Chain 52