Spend Matters

DECEMBER 23, 2024

GDPR alignment, secure data storage) reduce organizational risk. Making the business case and implementing the solution remains challenging Data integration with existing systems: Integrating procuretech with existing ERP and finance systems is a common challenge. Risk reduction: The platforms compliance features (e.g.,

Procurement 123

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 123

Procurement Express

MARCH 9, 2025

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. Fortunately, QuickBooks Online gives you a simple way to manage purchase orders, streamline approvals, and keep vendor relationships smooth. What is a purchase order?

Purchase orders 52

Purchase orders Purchasing Real-time Visibility Vendor relationships 52

Spend Matters

MAY 1, 2025

To ensure automation delivers maximum value, procurement teams must first streamline their processes, enforce governance and standardize purchasing behaviors. Heres how to fix these issues: Standardize catalog data and supplier onboarding: Implement structured data validation for accurate pricing and seamless supplier integration.

Real-time Visibility 75

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

TYA Suite

MAY 3, 2025

Ever confused purchase orders with sales orders? In any business, whether you're buying goods or selling them, it's essential to understand how purchase orders (POs) and sales orders (SOs) work. For example, if a purchase order isnt processed correctly, it could throw off your inventory, leading to stock shortages or overstock.

Purchase orders 40

Purchase orders Purchasing Buyers Quantity 40

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Procurement Leaders

AUGUST 19, 2024

Data has become the lifeblood of business. The challenge, as we all well know, is finding the right data, at the right time, and applying it to the right situations to elevate both the quality and impact of decision-making. This is, of course, a two-way street: data challenges are in no way unique to CPOs and their teams.

Data 130

Data Price negotiations Procurement team Procurement 130

Spend Matters

FEBRUARY 4, 2025

Embrace new technology Procure tech is having a moment with a plethora of new tools available to streamline workflows, improve data visibility, and enhance decision-making. For example, vendor price intelligence democratizes spend data so procurement and finance teams are armed with data going into a negotiation.

Procurement 105

Procurement Purchasing Negotiation Buying process 105

TYA Suite

MAY 3, 2025

Back then, businesses relied on paper purchase ordersphysical forms filled out by hand, signed, mailed, or faxed to suppliers. Today, digital purchase order are part of a larger trend toward automation, integrating with accounting software, inventory systems, and analytics tools to create smarter, more efficient supply chains.

Purchase orders 40

Purchase orders Purchasing Supply Chain Efficiency supply chain budgeting 40

TYA Suite

APRIL 13, 2025

Every business, big or small, relies on purchasing goods and services to keep operations running smoothly. But without a clear system to manage these purchases, things can quickly spiral into A mess delays, overspending, or even errors. What is a Purchase Order Approval Workflow? unauthorized vendors or overspending). :

Purchase orders 40

Purchase orders Purchasing Real-time Visibility Budget 40

Procurement Templates

NOVEMBER 21, 2024

Coupa, Ariba) Data analytics tools (e.g., Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

TYA Suite

APRIL 13, 2025

When your business is small, using spreadsheets or sticky notes to track purchases might seem easy. It saves time, reduces mistakes, and gives you a clear view of all purchases, helping you make better decisions. Once approved, the business selects a trusted supplier, negotiates terms, and sends a purchase order.

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Spend Matters

JANUARY 8, 2025

As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources. This Spend Matters Vendor Analysis provides an overview of Zip and its solution for intake, orchestration and source to pay (S2P).

Market analysis 113

Market analysis Procurement team Sourcing Buyers 113

Spend Matters

MARCH 25, 2025

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. 4,000+ data products available through AWS Data Exchange. More than 20,000 public listings across 70 categories.

Procurement solutions 97

Procurement solutions Procurement Purchase orders Data 97

Planergy

MARCH 10, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Data-driven insights improve resource allocation and student outcomes. Data-driven insights improve resource allocation and student outcomes. Technology simplifies data storage, analysis, and accessibility for schools.

Data 52

Data Management Budget Real-time Visibility 52

Spend Matters

FEBRUARY 26, 2025

During one breakout session, Gideon Davis (Administrator, Nevada State Purchasing Division of the Department of Administration), Anna Shpigel (Deputy Assistant Secretary, Massachusetts), and Rose Svitak (Manager, MMCAPs Knowledge and Financial Management Team) talked about the importance of aligning procurement and finance.

Procurement 119

Procurement Bidding Contract management Data 119

ivalua

JANUARY 31, 2023

By integrating the EIC’s functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

ivalua

JANUARY 13, 2021

Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. Think about all the users (requisitioners, approvers) of a P2P process and the amount of time they spend purchasing if the process is inefficient.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Purchasing 235

Procurement Insights

FEBRUARY 21, 2025

Decentralized & AI-Driven: Uses AI, blockchain, and data-sharing to make procurement decisions autonomous and real-time across the supply chain. Centralized Procurement Request System: Employees submit purchase requests through a unified intake tool , which then routes them to the correct procurement solution (e.g.,

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

Spend Matters

MARCH 10, 2025

By providing deep insights into purchasing patterns, supplier performance and areas for cost reduction, spend analytics can transform raw data into actionable intelligence. To potential buyers Spendkey provides a turnkey solution with solid data management, making it a good starting point for organizations that lack spend analysis.

Buyers 117

Buyers Quality Purchasing Data 117

Spend Matters

MAY 14, 2025

In addition to Cirtuo, Spend Matters has also reviewed akirolabs and Positive Purchasing’s Capella. Coupa customers already benefit from community insights and have been able to integrate market data from partners like Beroe and WNS (The Smart Cube). It’s a long process to see product synergies beyond commercial synergy.

Category management 95

Category management Spend management Management Sourcing 95

Procurement Tactics

AUGUST 25, 2022

Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Thereby making him the world’s most sought-after purchasing and supply chain management author, speaker, consultant, and trainer. He is known as “the secret weapon of fortune 500 chief purchasing officers”. .

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

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

Pipefy

MAY 8, 2025

But when it’s disorganizedeverything stalls: emergency purchases, lack of supplies, unhappy suppliers, rework, and of course, wasted money. We’ll walk you through how to structure your procurement department with three practical tips using the latest technologies: AI agents, process automation, and data intelligence.

Procurement 59

Procurement Purchasing Procurement team Purchase orders 59

Procurement Tactics

DECEMBER 6, 2022

It is a set of practices that ensures smart procurement decisions and efficient purchasing. Unclear purchasing policies. If the purchasing policies are poorly communicated, the procurement department or teams may not know what is expected of them. Manual processes in spend management cause many mistakes and errors in data.

Spend management 172

Spend management Management Real-time Visibility Budget 172

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 87

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

supply chain budgeting 221

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

SCMDOJO

JANUARY 9, 2025

However, these solutions use data analytics, automation, and predictive modeling to streamline operations, enabling procurement teams to make faster and more informed decisions. According to Gartner, organizations that leverage data-driven procurement see a 20% improvement in decision accuracy.

Strategic sourcing 96

Strategic sourcing Strategic sourcing Sourcing Procurement 96

Spend Matters

MARCH 27, 2025

In my experience, even the most advanced IT system cannot compensate for poorly defined processes and unreliable data. Clearly define master systems Secondly, she says, remember that data is the foundation of any digital project. So ask yourself: have you clearly defined the master systems for each data type?

Change management 120

Change management Data Import Project management 120

Procurement Tactics

JANUARY 5, 2023

It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system. Approved purchasers from the buying organization can access hosted catalogs as part of the purchasing process. Smooth purchasing transactions.

Buyers 179

Buyers Purchasing Suppliers Price 179

Procurement Tactics

SEPTEMBER 8, 2022

Some referred to it as MRO purchasing which pertains to maintenance, repair, and operations due to its significance to keep the business running. . You may think that this is the same as tactical purchasing. However, it is not true due to the fact that tactical purchasing is focused on short-term transactional activity.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Procurement Insights

APRIL 29, 2025

Going back to 1983, the purchasing/procurement department had virtually no say in what technology platform their company implemented. The true differentiators are data, domain tuning, UX simplicity, and workflow orchestration, not secret proprietary AI algorithms.” I will share the link with you here when it is available.

Influencing 52

Influencing Procurement Data Purchasing 52

Procurement Tactics

JUNE 28, 2023

It involves systematically tracking, recording, and analyzing data or metrics relating to procurement activities to improve efficiency, and cost-effectiveness , comply with business policies and procedures, and ultimately aid in important business decision-making. What is Procurement Tracking? The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. Better Data One of the biggest advantages of digitising your procurement operations is improved data quality.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Tactics

MAY 9, 2023

In procurement, invoice reconciliation refers to the process of checking the invoices received from a supplier with the purchase orders to verify if they match. During the reconciliation process, discrepancies between the purchase order and invoice are identified. Tips on Reconciling the Invoice 1.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

Procurement Insights

MARCH 27, 2025

Please take a moment to respond to my poll, as I will use the results in an upcoming paper that I will share with the Purchasing & Global Supply Chain Professionals (PGSCP) group on LinkedIn. You can check out the group using the following link: Purchasing & Global Supply Chain Group. The group’s Founder, James E.

Procurement 81

Procurement Quality Leadership Purchasing 81

Spend Matters

APRIL 24, 2025

The data reveals a clear trend: SaaS buying is being redefined by AI-infused stacks, smarter vendor strategies and a growing demand for measurable ROI. The real reason SaaS portfolios are growing The report finds that the average organization has increased its tool count by 23% compared to previous years data. It gets worse.

Procurement team 75

Procurement team Contract Negotiation Budget 75

SCMDOJO

DECEMBER 29, 2024

Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students. It covers KPI selection, data analysis, and performance improvement strategies.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98