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What is a Purchase Requisition? Definition and Process

ivalua

A critical but often overlooked step in managing spend, enforcing policy, and gaining visibility across the procurement process, creating a purchase requisition is the first step in the process. Manual requisition workflows can lead to delays, unapproved spend, and poor visibility. When does a purchase actually begin?

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How to Build a Successful Procurement Strategy in 2025

ivalua

This blog explains what a successful procurement strategy looks like in 2025, including a working definition, a strategic procurement framework, and the key steps to building one. Key Takeaways A modern procurement strategy must be tightly aligned with business objectives and supported by real-time data.

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Source-to-Pay Tools for Enterprise Procurement

ivalua

It requires you to juggle multiple priorities: unifying systems, improving visibility, reducing risk, and proving ROI across every stage of the procurement process. Cost savings and reduced maverick spend: By improving visibility and control, S2P tools help enforce purchasing policies and drive contract compliance.

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How to Build a Successful Procurement Strategy in 2025

ivalua

This blog explains what a successful procurement strategy looks like in 2025, including a working definition, a strategic procurement framework, and the key steps to building one. Key Takeaways A modern procurement strategy must be tightly aligned with business objectives and supported by real-time data.

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Risk management solution providers and what their customers really want – Brooklyn Solutions

Spend Matters

Primarily, our customers are prioritising supply chain visibility, adopting proactive risk management strategies and staying compliant with evolving regulations. These advancements will enable businesses to gain visibility of vendor risks, manage them more effectively, and stay aligned with regulatory requirements.”

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Enterprise Spend Analysis: How to Reduce Cost and Risk

ivalua

You know there are opportunities hidden in the numbers; the challenge is surfacing them in time to act. We’ll walk through key benefits, types of spend analysis, steps to get started, and metrics to track—backed by lessons learned from real-world implementations. Let’s dig in!

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Types of Supply Chain Reports: Definition and Benefits

SCMDOJO

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs.