Spend Matters

OCTOBER 10, 2023

As business travel rebounds to pre-pandemic levels, finance leaders must leverage this window to reassess, re-evaluate, and re-imagine travel and expense management processes and strategies. Real-time expense automation is the future. Business travel isn’t going anywhere.

Real-time Visibility 98

Real-time Visibility Management e2e Budget 98

Procurement Tactics

JUNE 28, 2023

Procurement Tracking is the process of monitoring and managing procurement activities. It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Procurement Tracking: Why is it Important? The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

JULY 20, 2023

However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

Procurement Tactics

NOVEMBER 8, 2022

Supply chain management is a crucial aspect of operations from small businesses to multinational corporations. The management must focus not only on making the supply chain more efficient to improve the bottom line. Do not consider it an unnecessary expense but a long-term investment that can yield significant cost savings.

supply chain budgeting 182

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 182

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. What is Inventory Management?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Procurement Tactics

JUNE 22, 2023

A business expert or a procurement manager can know the difference between a sales order and a purchase order, but these two documents are the same for many others. That’s why for today, we will explore the differences between the sales order and purchase order and highlight some software commonly used to manage these orders.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Procurement Templates

FEBRUARY 19, 2024

Systems and procedures: Implementing efficient systems and procedures for various functions such as performance management, resource allocation, and workflow helps streamline operations and improve organizational effectiveness. Training materials for managers and staff affected by the changes.

Budget 130

Budget Change management Stakeholder engagement Collaboration 130

Procurement Tactics

JULY 19, 2023

In this article, we will discuss what warehouse management is. We will talk about the importance and the processes involved in managing your warehouse. Additionally, we will tell you some tips on improving your warehouse management. Thus, you can effectively use some of our tips to improve your warehouse management.

Supply Chain Optimization 170

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 170

Supply Chain Brain

OCTOBER 5, 2023

As the need for better and more efficient ways to dispose of waste grows, so does the expense and resources needed to deal with it. Recycling alone is insufficient to manage packaging waste effectively.

Sustainability 98

Sustainability Management 98

Procurement Tactics

JUNE 5, 2023

The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain. The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain. However, What is it?

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Planergy

SEPTEMBER 5, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Spend Matters

MARCH 25, 2024

This Spend Matters Vendor Analysis gives an overview of Canopy, a supplier information management (SIM) solution that focuses on supplier data and due diligence. It is critical to ensure an organization knows the suppliers it works with, has all the required information on suppliers and that the information is up-to-date.

Suppliers 88

Suppliers Risk management Data Buyers 88

Procurement Tactics

JUNE 6, 2023

It is one of the world’s most important shipping routes and plays a crucial role in global trade, as it allows ships to avoid having to sail around the southern tip of Africa to reach their destinations, which can be a lengthy and expensive journey. However, how important is it in the supply chain? Suez Canal: What is it?

Supply chain 204

Supply chain Supply Negotiation Import 204

ProcurePort

MAY 4, 2021

The post Expense Management 101: Your Guide to Expense Reporting appeared first on ProcurePort Blog. In other words, there’s a lot of activity that falls under the umbrella of procurement, and oftentimes, not every company defines procurement in the same way. One […].

Management 130

Management Procurement Contract management Contract 130

ProcurePort

SEPTEMBER 23, 2021

Imagine this: an enterprise has locations in Chicago, San Francisco, Florida, and Seattle, and is utilizing traditional, paper-based processes for its expense management and procurement. This process is time-consuming, inefficient, and doesn’t allow for a comprehensive, 360-degree view on spend management.

Spend management 130

Spend management Management Purchase orders Purchasing 130

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment May 9, 2023 | | Public Sector /by he I have spent most of my career in the private sector and started to get in contact with the space in recent years. Where to Start?

Procurement 246

Procurement Strategy Strategic sourcing Strategic sourcing 246

Spend Matters

JULY 18, 2023

This week, Meena Ibrahim discusses her specialist area of expense management and how it has evolved for the post-pandemic world. As such, travel expenses are as relevant to the contingent workforce as it is to full-time employees, and absolutely shouldn’t be overlooked, even if a company has a hybrid or fully remote workforce.

Innovation 78

Innovation Management Sustainability Procurement 78

Spend Matters

JUNE 26, 2023

In the first part of this series, we gave a high-level overview of the providers included in the recently launched SolutionMap Expense Management module. We also discussed trends that have led to the emergence of Expense Management. Specifically, we focus on company-level demographics and market footprint.

Management 74

Management Import 74

Procurement Tactics

MAY 23, 2023

The bullwhip effect is a phenomenon that occurs in supply chain management where small fluctuations in demand can result in large variations in supply chain activities, such as inventory levels, production schedules, and transportation. Poor lead time Lead time is crucial in inventory management and affects meeting customer demand.

supply chain software solutions 212

supply chain software solutions Supply chain Supply Inventory 212

Procurement Tactics

JULY 2, 2023

When it comes to procurement, a job order is created to initiate and manage the procurement process. When it comes to procurement, a job order is created to initiate and manage the procurement process. What is a Job Order? It serves as formal instruction on what needs to be done, by whom, and within what timeframe.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Planergy

SEPTEMBER 8, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Budget 52

Budget Spend management Management Purchasing 52

Procurement Tactics

MAY 4, 2023

Managing costs Contract audits guarantee that your business is not overpaying or underpaying as agreed in the contract, and ensure that costs are accurately recorded. This process can aid in forecasting and help legal and finance teams better control expenses. However, what is it? Contract Audit: What is it?

Contract 184

Contract Negotiation Contract management Procurement strategies 184

Spend Matters

JANUARY 5, 2024

Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. Gatekeeper combines contract lifecycle management with third-party risk management, two areas that are related but usually addressed with disparate software tools.

e2e 79

e2e Procurement supply chain software solutions Contract 79

Procurement Tactics

JUNE 8, 2023

The robot’s movement is tracked and recorded by the software, ensuring accurate inventory management and reducing errors. However, what is it? In this article, we will discuss what warehouse automation means. We will tell you the types and the benefits you can gain from automating your warehouse. Warehouse Automation: What is it?

supply chain software solutions 178

supply chain software solutions Warehouse operations Order Fulfillment Inventory 178

ivalua

JUNE 29, 2020

It is also helping to bridge the supply chain management gap that has traditionally existed between healthcare providers and other industries such as manufacturing. The average hospital spends nearly 30% of its overall non-labor operating expenses on supply chain expenses. Unfortunately, it just got worse. Share on Twitter.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Procurement Leaders

FEBRUARY 12, 2024

The message was clear – net-zero ambitions are expensive, and we no longer live in an age of cheap cash. While knowledge of the regulatory landscape and product-specific ESG issues came up, the biggest requirement was for softer skills, including being able to influence without authority and stakeholder management. What was said?

Sustainability 130

Sustainability Influencing Procurement Risk 130

Planergy

SEPTEMBER 20, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Management 52

Management Real-time Visibility Budget Spend management 52

Una

MAY 7, 2024

Contract Management: Should-cost analysis can be used as a reference point for contract management activities. Supplier Relationship Management: Should-cost analysis supports the development of strong supplier relationships. As consumers, there’s usually nothing we can do about a significant markup.

Procurement 52

Procurement Price Negotiation Supply Chain Efficiency 52

Supply Chain Game Changer

SEPTEMBER 16, 2022

Small businesses are usually low on staff and might not have the budget to invest in expensive accounting services. Poor budgeting and lack of financial management can put you on the path to downfall. Track business expenses. Manually recording expenses through paper receipts is time-consuming and slows down productivity.

supply chain budgeting 86

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 86

IBM Supply Chain Blog

APRIL 12, 2024

This blog series discusses the complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition. The first post of this series addressed the challenges of the energy transition with holistic grid asset management.

Budget 95

Budget Risk Risk management Management 95

Planergy

JULY 27, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Real-time Visibility 52

Real-time Visibility Purchasing Management Budget 52

IBM Supply Chain Blog

DECEMBER 1, 2023

The fast-paced business world we live in today requires smart tools to manage a business’s operations and everyday needs. Enterprise resource planning (ERP) is a business management software built to do just that. Other ERP software offerings can include customer relationship management (CRM) and human resources software.

supply chain software solutions 99

supply chain software solutions Supply Chain Optimization Data Management 99

ivalua

SEPTEMBER 7, 2022

The global industrial minerals group will deploy Ivalua’s Spend Management platform across five continents to digitize the Source-to-Requisition (S2R) process. Ivalua is a leading provider of cloud-based Spend Management software. Redwood City, CA, September 7, 2022. It employs 17,000 people and has more than 15,000 customers.

Purchasing 130

Purchasing Suppliers Raw materials Spend management 130

Procurement Tactics

NOVEMBER 28, 2022

However, cost-efficiency always has to do with the ability of businesses to reduce their expenses, enhance productivity, and generate more profits among others who have the same costs and resources. . Developing a cost management system. In businesses, cost-efficiency is an important term. Improving Cost-Effectiveness.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Inventory Budget 130

Procurement Tactics

JULY 23, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Last Mile Logistics — What You Should Know Last mile logistics is often associated with e-commerce due to its rising popularity in the modern market. Last Mile Logistics: What is it? CERTIFICATE COURSES 1.

Logistics 209

Logistics Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 209

Spend Matters

MARCH 5, 2024

Today Spend Matters is delighted to announce the release of its Spring 2024 SolutionMap and TechMatch℠ procurement technology rankings, which include 79 procurement technology vendors. Our Spring 2024 SolutionMap results are testimony to how vendors are stepping up to the challenges of a volatile business environment. .”

Procurement 108

Procurement Sourcing Risk management Ethics 108

IBM Supply Chain Blog

JULY 26, 2023

Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. The zero-based budgeting process is a strategic budgeting approach that mandates a fresh evaluation of all expenses during each budgeting cycle.

Budget 64

Budget Data Cost optimization Collaboration 64