This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supplychain. Your procurement technology platform should help unify data and processes across tiers to avoid disruptions.
TEI helps organizations measure ROI, NPV, and efficiency gains from implementing solutions like Ivalua’s Source-to-Pay (S2P) platform. 393% ROI from process automation, better visibility, and replacing old systems. These disjointed processes introduced inefficiencies, increased human errors, and limited visibility into spend.
Direct and indirect procurement are two fundamental approaches in supplychain management, each serving distinct functions within an organization. Key Takeaways Unified sourcing platforms help connect planning, sourcing, and spend visibility for both procurement types, driving efficiency and competitive advantage.
Unfortunately, outdated tools and fragmented processes make it difficult to maintain visibility across the supplychain and adapt at the pace of business. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.
Technology unifies procurement and purchasing, improving visibility, compliance, and workflow automation. Procurement is the end-to-end process of identifying business needs, sourcing goods and services, negotiating contracts, and managing supplier relationships over time. Explore Ivalua’s Procure-to-Pay software.
Then you can confidently start choosing the right procurement software and building a roadmap. 2025’s priorities are mainly in supplier management software (information, risk, and performance) to create more value through better communication, tracking, and collaboration with suppliers. Keep pace with advancing technology.
Download Free Whitepaper ?. ?. Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?
Download Whitepaper →. . Financial SupplyChain — The Ultimate Guide of 2023. The financial supplychain is new to many procurement professionals, especially those who have just started their journey in the procurement and supplychain industry. . So now let us dive into the financial supplychain.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Integrated Logistics — What You Should Know Integrated logistics is gaining popularity throughout the years to the point of replacing the traditional logistics concepts. However, what is it?
However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market.
Download Free PDF. Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . These events can disrupt the supplychain which makes it necessary to amend contracts. .
Subscribe to SupplyChain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your SupplyChain! Everyone involved in these SupplyChains is abiding by the social distancing and protective mandates we all are adhering to. What is a Don’t Touch SupplyChain Strategy?
A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. Better contract visibility: Having all your contracts in a single, searchable repository is priceless.
By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize. This allows for the identification and implementation of measures to mitigate any delays or obstacles in the supplychain by organizations.
S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered.
In modern software and system management, observability goes beyond focusing on just one part of the stack. Technologies like distributed tracing and service mesh enable end-to-endvisibility, allowing teams to understand request flows, identify latency bottlenecks and troubleshoot issues across different service boundaries.
If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.
If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Key Data: Founder / CEO: Tom Howsam Date Founded: 2018 Visit Paid profile in our Software Finder 2. Their solution focuses on procurement project collaboration.
However, with a P2P solution that automates invoice processing, invoice processing activities can be streamlined and even improved for higher processing accuracy and faster payment cycles. Build a better invoice processing workflow with The Definitive Guide to Workflow Management Download now What is automated invoice processing?
Build better processes with the Definitive Guide to Workflow Management Download now. Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supplychain disruptions. What is procurement transformation?
European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Procuretech in Europe is buzzing right now.
After a period of significant growth in recent years, Sunbelt had begun to experience a variety of operational challenges in support of their new footprint and scale, including how best to manage its highly complex supply-chain. Sunbelt Rentals selected Barkers to facilitate and manage this significant project.
This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supplychain disruptions. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?
Then check our our free software directory. If you’re a consultancy, an investor, or a solution provider and need to do deeper analysis of the market, we also offer subscriptions to our back end database. Key Data: Founder / CEO: Mark Zeise Date Founded: 2016 Visit Trackado profile in our Software Finder 2.
Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. What is Horizontal Integration?
Build better procurement processes with the Definitive Guide to Workflow Management Download now. Digital procurement means letting go of manual data entry, paperwork, and complex request management and instead opting to use software that streamlines procurement through integration and automation. Enhancing visibility and control.
Subscribe to SupplyChain Game Changer. These solutions tend to tick one or two delivery boxes, but do not provide a comprehensive enough solution to be worth their cost in the long run. Download the full eBook, Delivery in the Age of Amazon. appeared first on SupplyChain Game Changer™.
If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. End-to-end encryption provides a uniquely secure way to sign and store contracts, eliminating the need for dedicated servers and VPN connections.
This long-term data visibility gives business leaders the ability to find market patterns and trends; they can then make data-based decisions to drive their companies ahead of competition. AI solutions like intelligent document processing (IDP) can convert them into usable data without the need for manual intervention.
Escalating supply-chain volatility and inflation put pressure on procurement teams to “do more with less.” Build better procurement processes with the Definitive Guide to Workflow Management Download now. Improving visibility and control. That makes procurement automation more important than ever. Containing costs.
Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows. Therefore, as your new software system is implemented, it will be linked to accounts payable to ensure all records are reliable and payments are made. Map process and approval workflows.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content