Remove Eprocurement Remove Real-time Visibility Remove Supply Chain Efficiency Remove Supply Chain Optimization
article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264
article thumbnail

The Benefits of Cashless Procurement Systems

NLPA (Next Level Purchasing Association)

The global supply chain is undergoing a metamorphosis. In this evolving landscape, cashless procurement systems are emerging as a powerful tool for businesses to streamline operations, enhance transparency, and gain a competitive edge. Simplified Auditing : Auditing procurement activities can be tedious and time-consuming.

professionals

Sign Up for our Newsletter

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

article thumbnail

Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. In addition, our Contract Management module helps Manufacturers to easily track milestones and consumption in real time across multiple agreements.

article thumbnail

Procurement KPIs: 22 Essential Metrics for Tracking and Visualizing Procurement Performance

Pipefy

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

article thumbnail

Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

article thumbnail

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

Claritum

Optimizing Spend Visibility, Control, Cost Savings and process Efficiencies. Claritum automates sourcing, procurement and invoicing in one, easy-to-use, cloud based platform while enabling business users, customers, procurement experts, buyers and suppliers to collaborate globally and in real time.