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Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
Learn how Körber leveraged Ivalua’s software tools to automate and streamline tactical activities while keeping strategy front and center. The global supplychain is undergoing an incredible transformation that will change the way we do business. 5 BU’s: Digital, Pharma, SupplyChain, Tissue, and Tobacco.
Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.
The pandemic wreaked havoc on businesses and their supplychains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supplychain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.
THE TAKEAWAY: “Without using strand commonality within an agent-based development and implementation model, AI, Generative AI, or Agentic AI integration into the procurement process will fail!” What were the top 10 procuretech solutions in 1995? Comprehensive eProcurement platforms were not yet prevalent.
SAP, Oracle, Microsoft Dynamics) and procuretech solutions (e.g., Coupa, Jaggaer, Ariba) is a critical factor in procurement success or failure, given their overlapping goalsstreamlining processes, integrating data, and optimizing spend. As of March 3, 2025, the interplay between ERPs (e.g., By 2025, cloud ERPs (e.g.,
The following is a response to my earlier post and my reply: Which ProcureTech Solution Providers Will Thrive or Struggle in 2025? Procurement will not achieve its ambition or potential without digitalisation. In his view, public procurement projects often face high failure rates due to an overemphasis on technology alone.
Secondly come eProcurement, SupplyChain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.
And if your organization is big enough to need a Chief Procurement Officer , that person is directly or indirectly responsible for every stage of that journey. Rather than treat procurement as a series of disparate tasks, global organizations in all sectors implement efficiency across the source-to-pay journey.
Procurement transformation, although innovative and beneficial, often arises alongside a resistance to change, lack of skills and data issues within teams. As modern supplychains become larger and more intricate, strong procurement strategies are needed to minimize any risk and maximize growth and efficiency.
Business today isn’t business as usual, as the COVID-19 pandemic impacts organizations and supplychains across the globe. Dawn will be presenting a thought-leader keynote titled “Leadership in Uncertain Times” at Ivalua NOW , the premier virtual event for procurement leaders, on May 5. You mentioned eliminating risk.
Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report. S2C suites offer the software tools to achieve these objectives.”.
Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report. Ivalua is the Procurement empowerment platform.
There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?
This blog post is based on a video interview I gave about digital procurement back in January in Dubai with Dr. Muddassir Ahmed of SCMDOJO. Why procurement technology’s growth is not with enterprise suites Procurement technology is no longer the sole preserve of large enterprises. So what went wrong?
What are P2P solutions? Procure-to-pay i s a specific subdivision of the procurement pr ocess. Whereas source-to-contract describe s upstream processes, includ ing sourcing and contract management, procure-to-pay refers to the downstream activities involved in actually acquiring goods and services. To err is human.
European procurementsoftware startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Lots of European procurement tech startups are still in early or growth phase. Lots of European procurement tech startups are still in early or growth phase. Key Data: Founder / CEO: Gregory N.
EDITOR’S NOTE: Not long after forming in 2006, Coupa’s founders, Dave Stephens and Noah Eisner, were some of the first sponsors of the Procurement Insights blog. But rather than focusing on new and emerging technologies, today’s procurement professionals seek insights into the actual processes that drive their enterprises.
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supplychain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.
Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges. Industry experts call out advanced sourcing solutions as being extremely important to freight procurement.
Successful procurement administrators review supplier performance, process change orders, and make price adjustments on a daily basis in order to maintain an intimate knowledge of contract requirements. They also maintain strong business relationships, communicating good advice and procurement authority to suppliers.
On this episode of The ProcurementSoftware Podcast, host James Meads dives into the world of procurement tech startups. With over 440 solutions in our software directory over at app.procurementsoftware.site, we aim to educate procurement leaders on the vast array of software options available to them.
The comprehensive reconceptualization and restructuring of procurement strategy, procedures, people, skill sets, and support systems, spurred by emerging and new digital technologies, is known as procurement digital transformation. Your procurement transformation has framework because you have solid processes in place.
I love public sector procurement. It would be reasonable to suggest that it is a market I have engaged extensively – especially in the first decade of the Procurement Insights blog. From a government procurement standpoint, September should be an exciting and insightful month. Here is the link to that first post.
Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction. Remove the noise.
procurement is a critical business function that requires a unique set of skills and expertise. 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.
Claritum Article - Procurement Blog. Crazy World of Procurement. Single or multiple eProcurement platforms? Assessing procurement automation solutions and service providers often includes comparison of features and functions, with weighting being given to those systems that have more features. Introduction.
Understanding P2P: The Core of Effective Procurement The procure -to-pay (P2P) process drives purchasing efficiency for organizations of all sizes, covering every stage from initial requisition to final payment. In a manufacturing company, for example, operations might request a fresh supply of components or materials.
Organizations are looking to CPOs to take on broader and deeper strategic initiatives to create a future proof supplychain. In other words, the electronic Procurement system is the paradigm shift in the Procurement function. However, the question arises, does this pose a threat to the future of procurement jobs?
Our survey of the global procurement community and the subsequent report, Digital Transformation in Procurement: How Close Are We? revealed heightened awareness of digital technologies and their potential to transform the procurement function, but little progress over the past two years. It identified a couple of key challenges.
(Editor’s Note: This post is a follow-up to the breaking headline “COUPA SOFTWARE ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY THOMA BRAVO FOR $8 BILLION.” The impetus behind this change is the result of the fallout from the consistently high level of e-procurement initiative failures. coupa #zycus).
Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Virtual Procurement Agents.
Claritum Article - Procurement Blog. Procurement's influence with an orchestrated Marketplace. Some process timings for overall eProcurement. This article looks at the use of business to business orchestrated Marketplaces and online catalogues to mitigate the people factor of any procurement process. Introduction.
Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. the procurement function. The procurement environment is dynamic and constantly changing with.
Claritum Article - Procurement Blog. There are unique challenges and opportunities presented by complex, frequently ordered categories of Indirect expenditure, such as marketing services, print, packaging, uniforms & apparel, office supplies and related products and services. 7 ways to transform eProcurement adoption.
Claritum Article - Procurement Blog. As featured in the ‘ The 10 Most Innovative ProcurementSolution Providers ’ article published in the September 2017 Insights Success Magazine , Claritum discuss the drive for a New Wave of Easy-to-use Procurement Products…. A Leading Marketing Expert with Vast Experience.
procurement process. procurement process automation. of the organisation’s Procurement team. changes, they do so with the approval of the Procurement team. changes, they do so with the approval of the Procurement team. cutter is replaced by that of the software engineer. chains or user selection of products.
The SupplyChain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supplychains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.
Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. Procurement KPIs continually measure the progress of all things related to buying and obtaining goods and services necessary for a business’ operation.
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