Remove Demand Planning Remove Spend management Remove Strategic sourcing
article thumbnail

Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Supply Chain Management: Procurement is responsible for identifying suppliers, negotiating contracts, and ensuring cost-effective, compliant purchases. It’s heavily tied to spend management, risk mitigation, and supplier performance.

article thumbnail

Direct vs Indirect Spend Analysis: What’s the Difference and Why It Matters

Empowering CPO

It’s a strategic pillar that underpins effective procurement and sourcing, providing an insightful lens through which organizations can view their spending patterns. Spend analysis plays a vital role in procurement and strategic sourcing. Let EmpoweringCPO guide you on this path to success.