Spend Matters

FEBRUARY 26, 2025

Despite the cold weather, the room was filled with passionate public procurement practitioners and suppliers who were eager to chat and learn. Recent successes include: In 2024, 321 new government procurement teams were onboarded. The State of New York is adopting SOVRAs fee optimization program via the Reconciler tool.

Procurement 119

Procurement Bidding Contract management Data 119

Spend Matters

OCTOBER 31, 2024

A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. According to one procurement leader we spoke to, all that changed around 2020. That statement couldn’t be less true today.

Risk management 117

Risk management Risk Import Real-time Visibility 117

Spend Matters

FEBRUARY 4, 2025

Ramp recently hosted a panel of seasoned procurement practitioners to discuss and debate next-gen procurement, how procurement should be positioned and approached for businesses implementing a formal process for the first time, and practical steps to stand up a function from scratch. It must be approachable.

Procurement 105

Procurement Purchasing Negotiation Buying process 105

Procurement Tactics

FEBRUARY 19, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. What is ChatGPT?

Procurement 287

Procurement Market analysis Contract Suppliers 287

Spend Matters

FEBRUARY 13, 2025

As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. , The success of the Procurement team at Utz Brands, Inc. ,

Influencing 105

Influencing Procurement supply chain budgeting Strategic sourcing 105

Spend Matters

JANUARY 7, 2025

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.

supply chain software solutions 117

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 117

Spend Matters

MAY 1, 2025

We continue our Procurement Transformation Guide with a look at implementing an e-procurement transformation. Procurement has moved beyond a transactional function. Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies.

Real-time Visibility 75

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 75

Spend Matters

APRIL 10, 2025

Procurement is at a crossroads. Supply chains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. For years, procurement teams have been expected to do more with less while working with the same (or even fewer) resources.

Supply Chain Efficiency 106

Supply Chain Efficiency Supply Chain Optimization Procurement Procurement team 106

Spend Matters

DECEMBER 16, 2024

In part 1 of this mini series on tariffs we looked in more detail at what we mean by tariffs and in part 2 we talked about a Procurement action plan. In part 3 we look at the tech that can support Procurement in tariff management. Design-for-Supply part 1, part 2, part 3 and part 4. Visit the site and log in/register to read.

Agile and Lean Supply Chain 112

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 112

Spend Matters

MARCH 25, 2025

For procurement professionals, AWS Marketplace might not be the first thing that comes to mind when thinking about Amazon. However, when it comes to procuring third-party software, data and professional services, AWS Marketplace is the dedicated platform designed to support businesses in building and running their digital infrastructure.

Procurement solutions 97

Procurement solutions Procurement Purchase orders Data 97

Spend Matters

APRIL 17, 2025

Artificial intelligence use in procurement isnt a distant dream its here, reshaping how procurement professionals work. Level 1: The quick wins Low-effort, high-impact AI The easiest way to introduce AI into procurement is through automation eliminating repetitive tasks and boosting efficiency with minimal effort.

Strategy 97

Strategy Real-time Visibility Procurement Procurement team 97

Spend Matters

DECEMBER 30, 2024

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. Inability to integrate into daily operations.

Supply Chain Efficiency 113

Supply Chain Efficiency Supply Chain Optimization Cost of ownership Procurement 113

Spend Matters

FEBRUARY 5, 2025

Procurement has evolved from a back-office function to a strategic driver of innovation and value. Building the foundation : where to start; how to build a digital roadmap; the critical role of data; identifying quick and long-term wins; how to make the case for digital.

Procurement 115

Procurement Change management Strategy supply chain budgeting 115

Spend Matters

APRIL 15, 2025

As weve said: People, Process and Technology are the pillars of procurement transformation. So a large part of accelerating your procurement transformation process lies in strengthening roles and responsibilities. In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions.

Procurement 101

Procurement Category management Chief Procurement Officer Risk management 101

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

ivalua

JUNE 14, 2023

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

Spend Matters

MARCH 25, 2025

Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.

Stakeholder engagement 96

Stakeholder engagement Management Procurement Influencing 96

Spend Matters

APRIL 16, 2025

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data. Learn how he succeeded.

Procurement 101

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 101

Spend Matters

DECEMBER 17, 2024

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. 2- and 3-way matching).

Procurement 109

Procurement Change management Strategic sourcing Strategic sourcing 109

Spend Matters

APRIL 29, 2025

This article serves as the executive summary of a six-part series built for finance and procurement leaders aiming to strengthen their organizations cash flow management and liquidity position. Procurement, meanwhile, works to strengthen supplier relationships, capture discounts and reduce total procurement costs.

Real-time Visibility 93

Real-time Visibility e2e Procurement Management 93

Spend Matters

NOVEMBER 19, 2024

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways. And we must remember that one cannot escape supply chain risks.

Risk 113

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 113

Spend Matters

MAY 13, 2025

From automating repetitive tasks to enabling more informed data-driven decision making, the impact of this technology is both significant and rapidly accelerating. Yet within many procurement functions, a fundamental question persists: Are we truly prepared to lead in this AI-powered future?

Real-time Visibility 68

Real-time Visibility Procurement Procurement team Strategic sourcing 68

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

SCMDOJO

MARCH 14, 2025

Globally, governments around the world are upgrading their procurement functions with a fresh perspective. The New Government Procurement Act is at the forefront of these reforms, introducing transparency, efficiency, and accountability in public spending. The Philippines has enacted the New Government Procurement Act (Republic Act No.

Procurement 75

Procurement Bidding Competitive bidding Contract 75

Procurement Insights

APRIL 15, 2025

Question: How likely will a ProcureTech solution implementation be successful without clean data? Industry Benchmarks: McKinsey (2020): 70% of digital transformations miss goals, often due to data quality, suggesting ProcureTechs similar fate without clean data. Without clean data, effectiveness drops sharply.

Data 52

Data Suppliers Quality Sourcing 52

Spend Matters

NOVEMBER 25, 2024

In this Spend Matters Vendor Analysis we provide an overview of SpendHQ and its solution for spend analytics and procurement performance management. Spend analytics is crucial for procurement teams as it provides valuable insights into the organization’s spending patterns, supplier performance and potential cost-saving opportunities.

Procurement team 120

Procurement team Market analysis Strategic sourcing Strategic sourcing 120

Spend Matters

FEBRUARY 18, 2025

Procurement professionals understand the need for a digital transformation, but they do not necessarily understand what a digital transformation involves. Procurement clearly feels the need for embracing the digital. This leads to partial success at best and failure at worst.

Procurement 87

Procurement Purchasing Suppliers Procurement team 87

Procurement Leaders

NOVEMBER 18, 2024

It’s amazing how revitalising a few days in the company of a group of procurement leaders can be. And being in Singapore for the Asia Pacific Procurement Congress last week left me in no doubt that the region continues to be a powerhouse of energy, innovation, creativity and growth. ” Third, create a framework.

Innovation 130

Innovation Procurement Data Collaboration 130

Spend Matters

FEBRUARY 27, 2025

Spend Matters has been speaking with procurement practitioners and solution providers to get a wide view of how procurement and digital transformation is happening in the real world. We wanted to ask her what she has witnessed as the main motivator for procurement transformation. Her first piece of advice would be: Dont.

Procurement 75

Procurement Real-time Visibility Change management Data 75

Procurement Insights

MARCH 31, 2025

In late 1998, with funding from the Government of Canada’s Scientific Research & Experimental Development (SR&ED) program, I converted my “strand commonality” theory into one of the industry’s first web-based procurement platforms. of the time. Hansen in 1998. success rate. success rate.

Chief Procurement Officer 81

Chief Procurement Officer Supply Chain Optimization Procurement Suppliers 81

Procurement Insights

DECEMBER 11, 2024

EDITOR’S NOTE: I am under embargo regarding the advanced copy I received from ZIP with their Procurement Predictions for 2025. I have gone through the Procurement Insights archive of 2,410 posts from 2007 to today to provide what I believe will be a unique context explaining the evolution of predictions over the past couple of decades.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Procurement Insights

JANUARY 27, 2025

In a previous post , I wrote the following: “With increasing frequency, procurement executives have told me that their successful ProcureTech implementations with smaller, longstanding solution providers are being replaced by more prominent, e.g., bigger providers like SAP Ariba and Workday.

Import 78

Import Procurement Procurement team Data 78

Spend Matters

MARCH 6, 2025

In a world increasingly driven by the rapid developments within Artificial Intelligence (AI), procurement has the potential for enormous leverage using cutting-edge technology to become a powerhouse for generating efficiency, expanding margins, reducing risk and delivering solutions which the human mind is unable to see.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Stakeholder engagement 75

Procurement Software

MARCH 16, 2025

Digital procurement tools offer both immediate benefits and long-term returns. While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. As a result of better data, procurement teams gain a whole range of benefits.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52