Remove Logistics Remove Spend management Remove supply chain budgeting
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Enterprise Spend Analysis: How to Reduce Cost and Risk

ivalua

Misaligned Goals Between Finance, Legal, and Procurement Finance, legal, and procurement often view spend data through different lenses – budget, compliance, or supplier value, for example. Contract Spend Analysis: Tracks spend against contract terms to uncover leakage, ensure value realization, and reduce cost inefficiencies.

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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.

professionals

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From Candy To Kidneys: The Impact of Spinoffs And M&As On Procurement And Supply Chain

Procurement Insights

(A PI Q&A) , A reader asked the following question: Aside from the basics of spend analysis and eliminating redundancy, I’m curious to hear of others’ experiences in dealing with mergers/acquisitions and how the cultural elements were addressed in terms of promoting the use of preferred vendors and the adoption of expense management policy.

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Cost Avoidance in Procurement: The Invisible KPI

Procurement Software

Think of common indirect categories: IT infrastructure Facilities management Capex for machinery & equipment Property maintenance Fabricated spare parts Promotional goods All of these require skilled negotiation to avoid costs that would otherwise hit the company’s budget.

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What is Source to Pay? Steps, Benefits, and Best Practices

Jaggaer

Each stage contributes to a more strategic approach to procurement: Spend management: Despite the title, source to pay cannot really start with sourcing. In this way, the procurement function becomes a strategic business partner that not only contains costs but delivers true value and even helps to generate revenue.

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Business Performance: The 3 Key Boosters of Procurement

Jaggaer

In many industries, procurement is responsible for managing significant budgets which means it holds a key lever for business performance. This means that, beyond cost savings, they can also influence the top line. Proper orchestration of supply chains enhances corporate resilience. Its actually quite obvious.

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Procurement analytics: your key to cost savings

TYA Suite

Procurement analytics platforms enable access for multiple users across departments, encouraging collaboration between procurement, finance, supply chain, and operations teams. The classification process involves organizing the data based on parameters such as spend categories (e.g.,