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. What is Source-to-Pay?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

ProcurePort

JULY 27, 2022

• Strategic sourcing is a practice in procurement that seeks to utilize a single, integrated process for purchasing and supply chain management. So, as opposed to sourcing which is the actual […]. So, as opposed to sourcing which is the actual […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Foster Strategic Alliances: Build long-term partnerships with suppliers through joint ventures and co-development projects. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

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

ivalua

JUNE 29, 2020

With rising costs and declining margins, health systems must become more efficient and productive. We believe that a key pillar of this transformation is the supply chain. According to OECD and National Health Expenditure data, US healthcare spending per person was approx $10,224 in 2017. Share on Twitter.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

ivalua

JUNE 5, 2025

Understanding these differences is essential for businesses that want to optimize operational efficiency and safeguard against costly errors. Key Takeaways Procurement vs Purchasing: Procurement is a strategic function focused on long-term value, while purchasing handles the tactical execution of buying. What is Procurement?

Purchasing 130

Purchasing Risk Procurement Supply Chain Efficiency 130

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. The verdict?

supply chain budgeting 221

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

Spend Matters

APRIL 10, 2025

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. Smaller teams, in particular, feel the squeeze and struggle to balance compliance, efficiency and innovation. AI does more than just improve efficiency.

Supply Chain Efficiency 97

Supply Chain Efficiency Supply Chain Optimization Procurement Procurement team 97

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 130

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. Digital procurement streamlines workflows and unifies data, enabling faster sourcing, better collaboration, and improved accuracy.

Real-time Visibility 130

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

ivalua

JULY 21, 2021

REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. ABOUT CONSUS GLOBAL.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

Spend Matters

OCTOBER 31, 2024

“Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supply chain industry practitioners. The solution is self-learning and calibrates to the customer’s supply chain needs.” What is the road ahead for True ValueHub? “We What does it mean to be named a Future 5?

Real-time Visibility 121

Real-time Visibility Supply Chain Efficiency Buyers Category management 121

Let's Talk Supply Chain

MAY 19, 2025

Recognized as a trusted and independent source of procurement research, ProcurementIQ offers a comprehensive library of data and analysis on over 1,000 categories. And well be exploring the impact ongoing supply chain and economic disruptions are having on procurement teams, and where they should be focusing for the year ahead.

Purchasing 52

Purchasing Supply Chain Efficiency Data Agile and Lean Supply Chain 52

Let's Talk Supply Chain

MARCH 2, 2025

By harnessing the‍ power of data-driven insights, organizations can navigate these challenging waters with precision and grace. Let’s set sail on a journey towards efficient and effective supply chain management. Let’s set sail on a journey towards efficient and effective supply chain management.

Supplier relationship management 52

Supplier relationship management Data Suppliers Management 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Spend Matters

MAY 27, 2025

Finance and procurement play critical roles in shaping an organizations financial health and operational efficiency. Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. This series shapes a five-phase approach to aligning finance and procurement.

Real-time Visibility 91

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 91

Skill Dynamics

FEBRUARY 13, 2025

Supply chain and procurement have undergone a seismic change in recent years. Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supply chain skills are simply no longer enough for success.

Supply Chain Optimization 52

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

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. Optimize costs without compromising supply chain continuity. Enhanced Agility: Enables rapid response to unexpected supply chain changes.

Supply Chain Optimization 54

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 54

Arkestro

DECEMBER 26, 2024

Resources / Blog / 5 Procurement Industry Trends to Watch in 2025 5 Procurement Industry Trends to Watch in 2025 In recent years, the procurement industry has undergone unprecedented transformations driven by the adoption of digital transformation, big data, and advanced technology like artificial intelligence (AI), machine learning, and automation.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

ivalua

MAY 28, 2025

Saric was then joined on stage with one of our transformative customers–Geoffrey Gates, Senior Director of P2P and Technology for Supply Chain and Support Services at Cleveland Clinic. Brent Griffith Day 2: More Keynotes, Sessions, and Silent Demos!

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Innovation Supply Chain Efficiency Chief Procurement Officer 130

Spend Matters

FEBRUARY 13, 2025

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.

Influencing 96

Influencing Procurement supply chain budgeting e2e 96

Supply Chain Game Changer

AUGUST 24, 2021

Subscribe to Supply Chain Game Changer. Stand Out Digital Supply Chain Strategies! Technologies to optimize Supply Chain article and permission to publish here provided by Arra at No-BS Marketplace. Latest Technologies Available To Help Different Supply Chain Models. Subscribe Here!

Supply Chain Optimization 119

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 119

Spend Matters

MAY 1, 2025

It is now a strategic enabler of operational efficiency, cost savings and supplier innovation. A well-structured transformation journey ensures organizations progress from basic digitalization to advanced AI-driven procurement, enabling smarter decision-making, better compliance and optimized supply chain performance.

Real-time Visibility 71

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 71

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 1, 2022

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Spend Matters

JANUARY 23, 2025

The momentum around this ‘best practice’ has been further accelerated by the marketing efforts of market intelligence companies selling data and even a few purpose-built software platforms to make these efforts more efficient and accurate. supplier count, event size).

Price 100

Price Negotiation supply chain software solutions Supply Chain Optimization 100

Skill Dynamics

FEBRUARY 4, 2025

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value. Strategic sourcing can also help reduce the overall risk in a given supply chain.

Procurement 59

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 59

Procurement Insights

DECEMBER 11, 2024

This integration will streamline strategic sourcing, reducing cycle times and enhancing efficiency. Ensuring data security across the supply chain will become paramount, with procurement professionals playing a key role in safeguarding against cyber threats.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Jaggaer

OCTOBER 24, 2024

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Multi-tier supplier collaboration involves building transparency with and beyond your first tier suppliers. The Role of Communication in Supply Chain Collaboration Communication puts collaboration in motion.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. It allows businesses to track and improve their procurement activities and have a transparent outlook of their procurement process. The key elements are typically: 1.

Supply Chain Efficiency 178

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

Jaggaer

NOVEMBER 14, 2024

An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance. Strategic Sourcing with Superior Supplier Intelligence Superior supplier intelligence is a major value driver especially at the sourcing stage.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

ivalua

MARCH 16, 2021

They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Procurement Insights

JANUARY 3, 2025

Analytics and insights from procurement data were minimal. 20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management.

Agile and Lean Supply Chain 52

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