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Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Key Takeaways Unified sourcing platforms help connect planning, sourcing, and spend visibility for both procurement types, driving efficiency and competitive advantage. Inventory-linked sourcing strategies ensure you’re not overcommitting or leaving gaps that could impact production. What Is Direct Procurement and How Does It Work?

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Vendor Lifecycle Management Software - All-in-One Guide

TYA Suite

This statistic shows a real and common problem in many companies today. Now let's discuss how the right software can solve these problems and bring real value to your business. Vendor lifecycle management refers to the process of managing a vendors relationship with your business from the very beginning to the end of the contract.

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The expensive error CFOs overlook: Disconnecting AP from procurement

TYA Suite

CFOs, it’s time to revisit how your organization is managing its business spend. By the time an invoice lands on their desk, the spending has already occurred. That means lost chances for smarter purchasing, missed discounts, and minimal influence over the financial outcome.

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How transportation providers help drive sustainability in the supply chain

Supply Chain Dive

times higher than operational emissions, according to data from the U.S. Today’s transportation strategies must not only meet regulatory standards but also deliver real data, tangible progress and long-term value to shippers and stakeholders alike.” Environmental Protection Agency. 31 start to separations FedEx Network 2.0:

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How does the Hansen Fit Score and more specifically the Metaprise, Agent-based, Strand Commonality models position both procurement practitioners and ProcureTech solution providers to effectively respond to procurement demands in the polycrisis era?

Procurement Insights

Fit Score Link : This translates into high Fit Score alignment in areas like cross-functional collaboration, tech interoperability, and strategic sourcing visibility. supply chain bottlenecks) while maintaining enterprise-wide visibility. Implementation Speed : The model’s 30–50% reduction in implementation time (e.g.,

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[Template] Compare Financial Reports with AI Agents

Pipefy

However, when performed manually, it often becomes time-consuming, inconsistent, and error-prone. In sectors such as financial services , insurance , and consumer goods , the ability to extract insights from financial statements quickly and reliably can influence strategic decisions, risk assessments, and budget management.

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Maersk plans last-mile delivery upgrades

Supply Chain Dive

Upcoming improvements include developing additional features Maersks premium customers are demanding, such as picture proof of delivery, signature upon delivery parameters and real-time "turn-by-turn" text updates showing the drivers progress on a route, Coiro said in an interview last month. days, while expedited is 2.4