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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?

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The Changing Landscape of Supply Chain Innovation!

Supply Chain Game Changer

From blockchain to robotics, these innovations are reshaping the way supply chains function. While focusing on these trends, businesses can also find inspiration for other operational improvements, such as innovative deck railing ideas for enhancing outdoor spaces. The post The Changing Landscape of Supply Chain Innovation!

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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations. Click here!

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Ivalua NOW Americas 2025: Innovate to Elevate

Spend Matters

Both conferences were titled Innovate to Elevate and highlighted the impact of AI on procurement tasks. With Ivaluas founder and former CEO David Khuat-Duy now focused full-time on AI innovation as Chief AI Officer, Ivalua is addressing these challenges by placing AI at the core of its platform strategy.

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How to implement a future-ready e-procurement function

Spend Matters

It is now a strategic enabler of operational efficiency, cost savings and supplier innovation. To ensure automation delivers maximum value, procurement teams must first streamline their processes, enforce governance and standardize purchasing behaviors. Procurement has moved beyond a transactional function.

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Webinar — The considerations that haunt Spend Matters 50/50 lists

Spend Matters

These lists mark the 11 th year in which Spend Matters highlights the best in procurement technology development and innovation. ET, the Spend Matters Analyst Team will celebrate Halloween by treating all to a webinar that shares the insights they have derived while compiling this year’s 50 to Watch, 50 to Know and Future 5 lists.

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How AI and Supply Chain Innovations Are Shaping the Future of Procurement and Logistics

NLPA (Next Level Purchasing Association)

As AI technology continues to reshape industries, AI and Supply Chain innovations are becoming indispensable to professionals in procurement, logistics, and supply chain management. By prioritizing reliable suppliers, they can minimize risk and optimize purchasing processes. Instead, it’s a tool for resilience and strategic growth.