Remove e2e Remove Risk Remove Spend management
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Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. Procurement vs. Purchasing: What’s the Difference? What is Procurement?

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Understanding the Total Economic Impact™ (TEI) of Ivalua

ivalua

Key Takeaways Total Economic Impact (TEI) is a Forrester framework to evaluate the costs, benefits, and risks of specific technology investments based on actual results delivered across a vendor’s customers. 393% ROI from process automation, better visibility, and replacing old systems. Payback in under 6 months.

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8 Procurement Software Best Practices For 2025

ivalua

Many organizations are discovering that without clear procurement software best practices, costs spiral, risks multiply, and efficiency stalls. In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack.

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Sustainability in Procurement: Strategies and Challenges

ivalua

Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring and compliance, and delivers continuous value to the business. Among these practices are supplier identification through sourcing, relationship management, and reporting.

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Revolutionizing tail spend management

Spend Matters

In today’s business landscape, effective digital procurement strategies are vital for organizations to optimize spend, enhance operational efficiency and address risk while maintaining an ideal user experience. One area of significant potential that is often overlooked is tail spend management.

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What does a 2015 article have to do with Hershey’s 2025 acquisition of LesserEvil for $750

Procurement Insights

Network Member Question Aside from the basics of spend analysis and eliminating redundancy, Im curious to hear of others experiences in dealing with merger/acquisitions and how the cultural elements were addressed in terms of promoting the use of preferred vendors and the adoption of expense management policy.

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What is Source to Pay? Steps, Benefits, and Best Practices

Jaggaer

Everything You Need to Know End-to-end process and end-to-end solution may be one of the most overworked phrases in business and IT. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all.