Remove Import Remove Purchasing Remove Real-time Visibility
article thumbnail

Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. Procurement vs. Purchasing: What’s the Difference? What is Purchasing?

article thumbnail

8 Procurement Software Best Practices For 2025

ivalua

In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack. Key Takeaways What is Procurement Software – and why is it important? Then, implement tools that automate those rules across sourcing, contracting, and purchasing activities.

professionals

Sign Up for our Newsletter

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

article thumbnail

Digital Procurement for Enterprises: Key Challenges and Critical Capabilities

ivalua

Unfortunately, outdated tools and fragmented processes make it difficult to maintain visibility across the supply chain and adapt at the pace of business. Drawing on real-world use cases and proven frameworks, we highlight what separates high-performing teams from the rest, and how to build a foundation for smarter, more agile procurement.

article thumbnail

Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

Modern platforms unify the entire Source-to-Pay lifecycle, offering real-time visibility, integrated compliance controls, and advanced analytics across sourcing, contracts, and payments. It forms the foundation of digital procurement, enabling better spend visibility, improved compliance, and faster, more efficient operations.

article thumbnail

Procurement transformation 2025: Why invest in procuretech and how to make the case – Tipalti

Spend Matters

In addition, our customers track the percentage of purchase orders backed by approved spend. This metric has become increasingly important as organizations deal with complex subscription models and misaligned budgets and billing cycles. Approval lead time is another important metric.

article thumbnail

What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

Price 60
article thumbnail

Part 3: Making the Case for Agentic AI in Procurement

ivalua

The Importance of a Single Source of Truth To address the Agentic AI challenges listed above, procurement needs a central platform that orchestrates data and processes across Source-to-Pay. AI agents can then access real-time, high-fidelity information, boosting the reliability of their insights.