Procurement Templates

NOVEMBER 21, 2024

Coupa, Ariba) Data analytics tools (e.g., Coupa, Ariba) Data analytics tools (e.g., Coupa, Ariba) Data analytics tools (e.g., Coupa, Ariba) Data analytics tools (e.g., Conduct Supplier Assessments: Regularly evaluate supplier performance using scorecards focused on quality, delivery, and cost.

Agile and Lean Supply Chain 130

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

Spend Matters

DECEMBER 23, 2024

Metrics around supplier consolidation and spend concentration are also common. Customers use Onventis to consolidate suppliers and negotiate better terms. GDPR alignment, secure data storage) reduce organizational risk. We have Europe-based data storage and robust compliance controls for companies prioritizing data protection.

Procurement 123

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

Spend Matters

NOVEMBER 26, 2024

Spend analytics vendors do what their name implies: they derive insights from spend data. Many spend analytics vendors apply that analytical expertise elsewhere, such as contracts, carbon emissions or supplier performance. This piece covers how risk data specifically comes into play for traditional spend analytics vendors.

Risk management 119

Risk management Risk Management Contract 119

Spend Matters

NOVEMBER 25, 2024

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. Additionally, it can model and marry a variety of data alongside the spend, from contracts to risk.

Procurement team 120

Procurement team Market analysis Strategic sourcing Strategic sourcing 120

Spend Matters

NOVEMBER 4, 2024

By providing a unique supplier portal that integrates data from various ERP systems, IDAS helps manufacturers maintain on-time delivery rates, ensuring operational efficiency and stability in complex supply chains. It leverages data to provide customers with insights to ensure supply continuity.

Supply Chain Efficiency 116

Supply Chain Efficiency Management Supply chain Buyers 116

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

OCTOBER 31, 2024

Traditionally, procurement was very focused on a firm’s financial health, and controls regarding these aspects have been in place for quite a long time (this is why all major supplier management solutions have had D&B integrations for more than 20 years). However, things are very different today. This made the most logical sense.

Risk management 117

Risk management Risk Import Real-time Visibility 117

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

Spend Matters

DECEMBER 16, 2024

Together, these disciplines empower organizations to handle tariff-related risks (and a broader range of supply chain challenges that extend well beyond tariffs) because they provide the visibility and data granularity necessary to handle tariff complexities.

Agile and Lean Supply Chain 112

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

Spend Matters

JANUARY 7, 2025

What customers prioritize when investing in procuretech At Prewave, we find that our customers adopt a structured approach to their ESG and sustainability obligations, which is why its important to provide procuretech solutions that provide a clear, data-driven overview on environmental, social and governance issues.

supply chain software solutions 117

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 117

Spend Matters

NOVEMBER 19, 2024

Yes, we’ve seen a clear increase in demand for risk-related technology from our customers, driven by the growing complexity and volume of data they are required to manage. Today’s organizations expect risk technology to not only provide data but also enable quicker decision making and faster action that leads to measurable impact.

Risk management 113

Risk management Risk Management Real-time Visibility 113

SCMDOJO

JANUARY 9, 2025

Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Done well, it can become a key driver of competitive advantage.

Strategic sourcing 96

Strategic sourcing Strategic sourcing Sourcing Procurement 96

Spend Matters

NOVEMBER 7, 2024

Halo Ai uses AI models to connect, correlate and contextualize real-time data points to bring customers the full risk story. Even though it is a young company, through partnerships, it has financial and cyber data on millions of companies already in its system. Other key capabilities are on the roadmap but not yet live.

Risk management 114

Risk management Risk Suppliers Supply chain 114

Spend Matters

NOVEMBER 13, 2024

When we talk about reputational risk, we refer to damage to a company’s name or brand resulting from the negative actions (inadvertent or not) of a top-tier supplier or sub-tier part of the supply chain. Often they are the result of a supplier cutting costs and corners. What causes reputational risk The causes come from many quarters.

Risk 113

Risk Supply Chain Efficiency Supply chain Suppliers 113

TYA Suite

MAY 23, 2025

Managing a successful supply chain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Supplier collaboration refers to the strategic process of working closely with suppliers to improve the efficiency, quality, and overall performance of the supply chain.

supply chain software solutions 40

supply chain software solutions Collaboration Supply Chain Efficiency Suppliers 40

Spend Matters

MAY 1, 2025

It is now a strategic enabler of operational efficiency, cost savings and supplier innovation. Heres where e-procurement processes often break down: Fragmented catalog and supplier management: Inconsistent supplier onboarding and unstructured catalogs result in pricing discrepancies and procurement delays.

Real-time Visibility 76

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 76

Spend Matters

APRIL 10, 2025

The days of relying solely on traditional processes to manage suppliers, contracts and spend are quickly fading. 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. Procurement is at a crossroads.

Supply Chain Efficiency 106

Supply Chain Efficiency Supply Chain Optimization Procurement Procurement team 106

Spend Matters

APRIL 17, 2025

AI-powered automated data cleansing and classification can instantly correct inconsistencies, remove duplicates and categorize spend data, replacing hours of manual work with accurate, reliable insights. These foundational applications dont require major system overhauls (which IT prefers), making them widely adopted across industries.

Strategy 98

Strategy Real-time Visibility Procurement Procurement team 98

Spend Matters

MAY 14, 2025

It is about running an RFx or finding new suppliers in response to a trigger, like a contract expiry, a supply issue or a cost-cutting initiative. Deeper integration into Coupa’s suite will come in phases, especially for sourcing, supplier management and spend analytics. Strategic sourcing, by contrast, is more tactical.

Category management 113

Category management Spend management Management Sourcing 113

Spend Matters

NOVEMBER 7, 2024

This experience underscored the broader market gap for a solution capable of consolidating data from reliable sources, creating a risk profile for each third party and generating an intrinsic risk score that evolves into a manageable residual risk score once mitigation controls are applied. What is the road ahead for Halo Ai?

Supply Chain Efficiency 113

Supply Chain Efficiency Risk management Real-time Visibility Ethics 113

Spend Matters

APRIL 30, 2025

What was once a transactional, paper-heavy process has evolved into a strategic enabler of financial efficiency, cash flow optimization and supplier relationships. Heres how organizations can fix these issues before automating the problems: Mandate e-invoicing: Enforce structured formats (EDI, XML) to eliminate manual data entry and errors.

Collaboration 100

Collaboration Suppliers Data Procurement 100

Spend Matters

OCTOBER 31, 2024

A network approach where suppliers maintain rich information on their cost structures (SG&A, machine rates, etc.) Instead of using RFXs, buyers and suppliers could benefit from the cost modeling and calculation capabilities to define and optimize prices of parts and products. to provide deep and accurate insights and auto-costing.

Buyers 117

Buyers Raw materials Networking Suppliers 117

Procurement Insights

APRIL 14, 2025

Because procurement tools are only as powerful as the data you feed them. And as most teams have experienced, quality data remains a systemic challenge. But theyre not built to be data platforms that takes a different structure, architecture, skill set, metrics, and mindset.

Data 52

Data Risk Quality Procurement 52

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. 25.58] ProcurementIQs data and category insights, and how enhanced depth into areas like occupation profiles, external demand determinates and price driver profiles helps clients.

Purchasing 52

Purchasing Supply Chain Efficiency Data Agile and Lean Supply Chain 52

The Thomas Blog

JANUARY 15, 2025

Here at Thomas , we've been powering North Americas largest and most active network of B2B buyers and industrial/commercial suppliers for more than 120 years. We understand the challenge of finding the best and most reliable suppliers. Thomas makes it easy to filter search results to find the suppliers that fit your needs.

Sourcing 98

Sourcing Export Suppliers Quality 98

Spend Matters

MAY 27, 2025

Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Ensure procurement data is linked to financial dashboards Procurement spend data must be available in real-time for financial forecasting and budget adjustments.

Real-time Visibility 77

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 77

Spend Matters

MAY 13, 2025

While finance focuses on extending days payable outstanding (DPO) and maintaining liquidity buffers, procurement is driven by supplier relationships, cost reductions and efficiency improvements. Increased compliance risks, stemming from poor oversight of supplier agreements.

Real-time Visibility 84

Real-time Visibility e2e Procurement Suppliers 84

Spend Matters

DECEMBER 30, 2024

Operational: The time saved and operational excellence improved by automation of tasks, improved data analytics and process optimization (> OPEX reduction/optimization) is greater than 20%-50% of total FTE. Cleanliness of master data and/or the overall ability to integrate existing systems with new Procuretech.

Supply Chain Efficiency 113

Supply Chain Efficiency Supply Chain Optimization Cost of ownership Procurement 113

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 107

Price Negotiation supply chain software solutions Supply Chain Optimization 107

Spend Matters

OCTOBER 30, 2024

As part of our series on all aspects of risk management, we are taking a look at the digital capabilities of risk solutions (supplier risk management, TPRM and SCRM).

Risk management 117

Risk management Risk Management Collaboration 117

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

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

Spend Matters

JANUARY 7, 2025

Ramps transaction data indicates a 24% rise in year-over-year software spend. Contracts signed without proper review may expose businesses to compliance and liability risks, while purchases made without security checks can create data vulnerabilities. Think of all suppliers as partners integral to operational efficiency.

Procurement 119

Procurement Purchasing Vendor relationships Suppliers 119

Spend Matters

MAY 14, 2025

The situation is further complicated for global supply chains, particularly when suppliers are located in regions with strict data regulations and infrastructure challenges, such as China. LightSource was specifically created to solve these issues for direct materials sourcing.

Sourcing 87

Sourcing Buyers Procurement team Bidding 87