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Sustainability in Procurement: Strategies and Challenges

ivalua

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.

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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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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. Let’s get started below!

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — SAP

Spend Matters

With an increasing influence on operational and financial performance, tracking and managing ESG goals has become a top priority for companies, too, as they look at ways to incorporate sustainability into all points of the supply chain. A few examples include SAP Category Management, buying 360 and SAP Central Invoice Management.

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The 25 Hottest US Procurement Startups

Procurement Software

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. Additionally, analytics features grant you deeper visibility into your supply chain.

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The 25 Hottest European Procurement Startups

Procurement Software

The platform aims to provide a one stop solution for sustainable insights. Weproc Weproc is a small French company offering a SaaS eProcurement software with a focus on purchasing and spend management. Weproc aims to facilitate the management of Purchase Orders and invoices through a simple and efficient interface.

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A Guide to Cloud Procurement

Pipefy

This end-to-end system’s built-in collaboration and data analysis tools eliminate process friction commonly created by manual or disjointed workflows. This dashboard shows progress bars for each task, resulting in 360-degree visibility over procurement that organizations can use to identify bottlenecks that are impacting efficiency.