Remove Eprocurement Remove Purchasing Remove Spend management Remove Supply Chain Efficiency
article thumbnail

Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

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.

article thumbnail

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. 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.” Start by Putting the Right Technology in Place.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

ivalua

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? Procurement and supply chain teams will play a crucial role in making this vision a reality.

article thumbnail

Top Competencies of Procurement Professionals

NLPA (Next Level Purchasing Association)

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. However, failing to strategically measure purchasing performance can have significant impacts.

article thumbnail

Visibility and Control is the key to Complex Spend Management

Claritum

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.

article thumbnail

5 Steps to Procurement Best Practice

Claritum

In this article we look at what we think are the 5 most important steps towards effective eProcurement. Image of the 5 Steps to best practice Visibility, Control, Efficiencies, Savings and Creating value. These frequently ordered low value goods and services are seen to be too small to be managed by procurement experts.

article thumbnail

The drive for a New Wave of Easy-to-use Procurement Products

Claritum

Typical procurement solutions focus on strategic procurement within large enterprises, whereas there is a significant demand for easy-to-use tools for mid-market companies to manage this type of expenditure. Today, Claritum’s cloud based spend management platform streamlines the buying and selling of products and services.