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The AI advantage: Why procurement can’t afford to sit on the sidelines

Spend Matters

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.

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Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. It should also strengthen supply chain collaboration across global supply chains, multi-tier supplier networks, and high-value contracts.

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Supplier collaboration software: A full overview

TYA Suite

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 is essential for optimizing supply chain performance and achieving long-term business success.

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

ivalua

Key Takeaways Procurement and supply chain management serve different functions, but when misaligned, they create costly inefficiencies and delays. Lack of shared data, visibility, and KPIs leads to disconnects, including poor supplier performance tracking and missed savings.

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Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their supplierssuppliers—make up an organization’s multi-tier supply chain.

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AI in procurement: How different industries are harnessing its power

Spend Matters

With raw materials, equipment and maintenance making up the bulk of their expenditures, procurement professionals in manufacturing are turning to AI to gain deeper insights and stronger control over their supplier networks. Supply network modeling, now integrating large language models (LLMs), allows for precise tracking and material tracing.

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Navigating trade turbulence: What tariffs are really exposing in Procurement

Spend Matters

Another CPO pointed to the urgent internal push for greater transparency at the supplier-level mapping and for granular understanding of sub-tier suppliers, component origins and even HS-code-level exposure. Others turn to last-minute supplier switches or price renegotiations. It is not just about knowing your suppliers.