TYA Suite

DECEMBER 16, 2022

You may have seen people use procurement and purchase interchangeably. Because it lets the management execute these functions and increase the value they offer to the company. Now, how do you differentiate procurement vs purchase these terms? Now, let's look at the key differences between procurement and purchase.

Purchasing 52

Purchasing Procurement Eprocurement Cost of ownership 52

Bonfire

APRIL 3, 2023

Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers. There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

ivalua

MARCH 11, 2021

System will help improve efficiency and the purchasing experience for government employees and vendors. eVA is Virginia’s award-winning eProcurement portal, which provides a centralized, online purchasing hub for state and local agencies and more than 112,000 approved vendors who provide essential goods and services.

Eprocurement 130

Eprocurement Procurement Spend management Purchasing 130

Claritum

MARCH 3, 2020

Bath, UK (March 3, 2020) – Claritum, a provider of cloud-based spend management solutions, today announced that the Claritum platform had processed the first of many transactions using a Chinese language (Mandarin) interface and Chinese Yuan as the currency. eProcurement in Chinese is key to our global customer's development in Asia.”

Eprocurement 32

Eprocurement Purchase orders Spend management Purchasing 32

Claritum

SEPTEMBER 3, 2018

Senior management support. Effective eProcurement can shift transaction processing to the end users who actually use the purchased goods or services, freeing up supply management personnel for strategic value-creation work and ensuring users see purchasing efficiency gains. User involvement. 1 Introduction.

Eprocurement 36

Eprocurement Purchasing Purchase orders Innovation 36

Fraxion

APRIL 20, 2023

As businesses and operating models grow and evolve, managing purchasing processes can become increasingly complex. How can you gain oversight and control over purchasing processes and spending, while managing the vendors your team purchases from?

Eprocurement 52

Eprocurement Purchasing Management 52

Barkers Procurement

MAY 25, 2023

Discover the key strategies and best practices for effective tail spend management. What is Tail Spend Management? When looking at the transaction value of a purchase of a product or service in isolation it is such low value that it is unlikely to come onto the radar of the Procurement team. Our approach is simple.

Spend management 52

Spend management Import Management Eprocurement 52

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Claritum

OCTOBER 21, 2019

In the market for a new eProcurement platform? Indirect spend can be complex for an organisation to manage, because it covers many categories of spend and many purchases are unique in nature. Any eProcurement platform needs to help organisations gain more control of their overall spend, including Indirect Spend categories.

Eprocurement 32

Eprocurement Suppliers Data Procurement 32

ivalua

OCTOBER 21, 2020

Redwood City, CA – October 21, 2020 – Ivalua, a global leader in spend management, today announced that it has been named a Leader in the 2020 Gartner “ Magic Quadrant for Procure-to-Pay Suites. ” P2P suites optimize the purchasing process, supporting improved financial controls, process compliance, cost savings and risk mitigation.

Procurement 130

Procurement Eprocurement Spend management Leadership 130

Bonfire

JANUARY 19, 2022

Given the challenges elementary and high school students are facing right now, K-12 procurement teams have a unique opportunity to make a positive impact through their purchasing decisions. Today on the blog, we’re sharing how eProcurement can help you deliver that impact and make student-first buying decisions.

Eprocurement 52

Eprocurement Procurement team Bidding Collaboration 52

Jaggaer

SEPTEMBER 8, 2020

JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. This includes accounts payable , general ledger, pCard, eProcurement systems , etc. Group, or link, your suppliers for better supplier management.

Eprocurement 123

Eprocurement Buyers Purchasing Suppliers 123

ivalua

DECEMBER 10, 2019

London – December 10, 2019 Ivalua, a global leader in cloud Spend Management solutions , today announced that it has been recognized as a Leader by Forrester Research Inc. in “The Forrester Wave : eProcurement Platforms, Q4 2019.”. This report continues the growing 3rd party recognition of Ivalua’s strength in eProcurement.

Eprocurement 20

Eprocurement Spend management Leadership Strategy 20

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Claritum

JANUARY 25, 2019

However, Supply Chain Management technology is beginning to catch on with SMEs, largely because of the significant cost control benefits and the increasing emphasis on control of supply chains and the internationalisation of these supply chains. See our article on eProcurement adoption for more details on this. 1 Introduction.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? With streamlined processes, purchasing products and services becomes faster, cheaper, and more efficient.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Supply Chain Game Changer

OCTOBER 9, 2019

Manage Procurement Spend Like It’s Your Own Business! Instead of taking orders from client’s directly, and then having someone input that orders into the company’s system, a punchout gateway takes orders and processes them as CSML messages through an eProcurement system. Subscribe Here! Email Address.

Eprocurement 53

Eprocurement Buyers Supply Chain Efficiency Inventory 53

ivalua

DECEMBER 14, 2020

The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Manual processes limit efficiency and scalability,” said Ivalua’s Senior Product Marketing Manager, Doug Keeley. Automation is also an essential capability.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. Strategically measure purchasing performance Strategic measurement of purchasing performance is critical for any procurement department to succeed.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Bonfire

MARCH 24, 2022

Coming from the vendor side, I knew our eProcurement platform had the potential to transform sourcing and purchasing in the public sector. The very last project I worked on really opened my eyes to the promise of eProcurement. Driving impact with eProcurement. Reflecting on the journey.

Eprocurement 52

Eprocurement Competitive bidding Procurement team Procurement 52

SCMDOJO

JUNE 21, 2023

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Supply Chain as a Service (SCaaS) is a new approach to managing the complex process of getting products from manufacturers to consumers. Let’s delve into this emerging concept.

Supply Chain Optimization 92

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 92

Claritum

NOVEMBER 11, 2019

Bath, UK (6th November, 2019) – Claritum hosts KTP Management Committee meeting. Claritum’s eProcurement solution streamlines the procurement process. By enabling employees to purchase goods through catalogues easily. The post Claritum hosts KTP Management Committee meeting appeared first on Claritum.

Management 32

Management Eprocurement Innovation Procurement 32

Zycus Cognitive Procurement

JANUARY 16, 2023

Beyond the poor experience that a business user (requisitioner) faces, the Category manager or the Buyer in the procurement core team also face multiple challenges like: . They have to match the Purchase Requisition with the underlying contracts and quotations . AQ further helps flip the awarded event back to purchase requisition

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Zycus Cognitive Procurement

JANUARY 29, 2021

However, Accounts payable teams have long strived to manage the quality of their programs through ERP controls and reporting functionality. Examples of P2P automation enablers that lead to a “touchless” accounts payable process include: eProcurement. AP transformation is not a new concept in these times.

Eprocurement 52

Eprocurement Purchase orders Quality Purchasing 52

Supply Chain Game Changer

JANUARY 21, 2020

This indicates to the unknowing reader that there is a contractual agreement, and purchase agreement, made during the eSourcing cycle. See Image Below, also from CIPS where the cycles of eSourcing and eProcurement are visualized). eSourcing is the discipline of all activities leading up to the eProcurement cycle. Source: CIPS.

Procurement 87

Procurement Supplier relationship management Eprocurement Suppliers 87

Claritum

FEBRUARY 14, 2019

Many organisations continue to find their complex expense categories difficult to accurately understand and effectively control, even with dedicated experts in Indirect Sourcing, Corporate Procurement and Supply Chain Management and applying practices that have successfully brought other categories under management. Pricing complexity.

Real-time Visibility 36

Real-time Visibility Spend management Management Eprocurement 36

Procurement Insights

DECEMBER 8, 2023

Since one of the main barriers to ERP/e-procurement initiative adoption has been the significant reliance on a compliance or change management strategy, the premise (or theory) is that by leveraging the ubiquity of the Microsoft product, the degree of front-line “change” is minimized.

supply chain software solutions 80

supply chain software solutions Supply Chain Efficiency Collaboration Supply chain 80

Fraxion

JULY 28, 2023

Unfortunately, although most companies focus on direct procurement, they fail to manage indirect procurement , or the purchasing for their day-to-day business operations. There is no doubt a business needs robust processes and strategic relationships with goods and service providers to survive the competitive marketplace.

Strategy 52

Strategy Procurement Purchasing Management 52

Zycus Cognitive Procurement

NOVEMBER 29, 2022

Cost management should be predicated predominantly on improving operational efficiencies. You must apply cost management strategies at Level 3 or 4 or Level 5 for it to be effective, as you may have a different approach for each sub-level. Identify cost heads that can be eliminated, reduced, or repurposed. . Reduce maverick spend.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Claritum

SEPTEMBER 26, 2018

. “Plus, we have over the last 12 months placed an increasing emphasis on ease of adoption and use, which has attracted more SMEs to use our eProcurement solution.” With the Claritum platform, SMEs are able to more effectively manage their supply chains and overall spend: real-time information to make decisions.

Eprocurement 32

Eprocurement Order Fulfillment Purchase orders Supply Chain Efficiency 32

NLPA (Next Level Purchasing Association)

APRIL 24, 2024

Improved cash flow management translates to better supplier relationships, as businesses can settle payments faster and potentially negotiate early payment discounts. The post The Benefits of Cashless Procurement Systems appeared first on Next Level Purchasing Association (NLPA).

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Claritum

MAY 2, 2019

Purchase Order *. However, Procurement is also driving or a key player in: Environmental impact analysis (risk management). Ethical checks and assurances (risk management). Ethical checks and assurances (risk management). Total lifecycle costs / Managing profitability. Change management. Supplier Management.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Supply Chain Game Changer

MAY 8, 2019

This indicates to the unknowing reader that there is a contractual agreement, and purchase agreement, made during the eSourcing cycle. See Image Below, also from CIPS where the cycles of eSourcing and eProcurement are visualized). eSourcing is the discipline of all activities leading up to the eProcurement cycle. Source: CIPS.

Procurement 50

Procurement Supplier relationship management Eprocurement Suppliers 50

Claritum

JULY 22, 2019

Claritum’s eProcurement solution streamlines the procurement process. By enabling employees to purchase goods through catalogues easily. Twice ranked as the Global No. 1 Business Incubator, they provide a wide range of highly acclaimed support programmes to help turn ideas into thriving businesses.

Eprocurement 36

Eprocurement Innovation Buyers Collaboration 36

Arkestro

MAY 9, 2023

Yet research shows that for every new dollar placed under the management of procurement, the average business gains 6-12% in ROI during just one contract cycle. Even more discouraging, only 9% of all CPOs focused on increasing the amount of managed spend during the pandemic, and only 5% have identified this as a top reporting metric.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52