This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Procurement and supplychainmanagement are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. In this blog, we cover the key differences between procurement and supplychainmanagement, and explain where the biggest disconnects typically occur.
Digital Opportunity for 3PL Logistics Operations! Supplychain software is a game-changing tool that offers immense opportunities for growth and success in the transportation services market. Failed customer expectations Logisticsmanagement software often has difficulties in fulfilling client expectations.
When done right, spend analysis enables cost savings, supplier optimization, risk reduction, and more strategic sourcing decisions. Success depends on integration, transparency, and alignment with help from modern spend analysis software that supports trusted data, configurable logic, and cross-functional collaboration.
(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.
Rather than treat procurement as a series of disparate tasks, global organizations in all sectors implement efficiency across the source-to-pay journey. Big data and digital technologies support the aggregation of purchases across business units to improve performance, provide better spend analysis, and drive business value.
Why Procurement should be seen as a Growth Partner When fully integrated into a business’s value chain, Procurement drives tangible value through: 1. Why Procurement should be seen as a Growth Partner When fully integrated into a business’s value chain, Procurement drives tangible value through: 1.
Procurement has become a strategic function in modern businesses, with growing pressure to manage costs, improve supplier performance, and drive operational efficiency. Efficient data management involves the collection, cleaning, integration, and storage of procurement data. IT, marketing, logistics), supplier types (e.g.,
Significance : Baan’s software emphasized integration across the supplychain, including procurement processes. Notable among these were: Ariba Buyer : Ariba was a leading provider of e-procurement solutions, offering platforms that enabled organizations to manage their procurement processes efficiently.
A prime example of this is sustainability: since a large portion of emissions lie within the supplychain, procurement holds a crucial lever here think Scope 3. Proper orchestration of supplychains enhances corporate resilience. Procurement can influence logistics costs through tendering and smart negotiation.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Simpler Logistics and SupplyChainManagement With operations overseas, you run the risk of becoming too reliant on global supplychains.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. But what happens if those supplychains are disrupted?
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. What's PLANERGY?
Dangerous SupplyChain Myths (Part 7) Are you chasing solutions or solving problems? Additionally, this post is a follow-up to the previous one titled “Is Spend Matters – Now The Hackett Group Swinging for the Fences with Loaded Bases? Their supplychain expertise (e.g., Their supplychain expertise (e.g.,
Its unique technology enables shippers to break free of expensive parcel shipping consultants with an easy-to-use software app that brings transparency to the black box of carrier agreements. With over 8 years of experience in strategic partnerships, Jack drives innovative collaborations that advance supplychain and logistics technology.
Its unique technology enables shippers to break free of expensive parcel shipping consultants with an easy-to-use software app that brings transparency to the black box of carrier agreements. Jennifer Mitchell, Senior Global LogisticsManager at GOAT Group. He lives in Indianapolis, IN with his wife and two children.
Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supplychain. These platforms bring key stakeholders together to address customer expectations, regulation compliance, supply risks, and much more. Digitization Benefit #3: Total SpendManagement.
Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. 49% believe that global supplychains won’t fully recover to pre-Covid operational norms until 2024 or beyond. Ivalua is a leading provider of cloud-based SpendManagement software.
Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global SpendManagement Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.
May 3, 2021 /PRNewswire/ — Ivalua, a leading global spendmanagement cloud provider, and PwC, a trusted Ivalua implementation partner, today announced that Arkad S.p.A. procurement digital transformation started on December 2020 with the Go-Live of the Ivalua Supplier Management module. REDWOOD CITY, Calif., Arkad S.p.A.
EPISODE 137 Using Visibility to Combat SupplyChain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.
Travel and Expense management leveraging SAP Concur is an easy plug in for travel spendmanagement and all spend flowing through expense reporting. baking in benchmarking opportunity analytics more deeply and formally into the analytics, sourcing and category management applications).
Group purchasing and indirect spend Indirect Spend, with her diverse and multifaceted nature, longed for a Sourcing Hero to swoop in and optimize her procurement processes. She yearned for someone who could bring her cost savings , efficiency , and strategic value.
With another busy year of procurement and supplychain events tidily packed away behind us, Spend Matters is pleased to provide a round-up of the main events we attended in 2023, with a short recap of each and key takeaways. He then went on to discuss the huge impact of tech on the supplychain industry.
Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supplychain visibility, risk management, and flexibility in sourcing and logistics. SupplyChain Visibility and Risk Management 3. Here’s why: 1.
Here are some of the factors that cause time constraints in procurement: Increased complexity The globalization of markets and the expansion of the supplychain bring cost benefits, but have also led to an increase in the volume and complexity of procurement activities. Why are Sourcing Heroes so often time-poor in procurement?
Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. The platform is especially suited for SMEs.
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supplychainmanagement, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.
According to the Logistics Bureau , strategically reducing supplychain costs can substantially boost net profits, while the scope for potential reductions remains wide open. This is especially the case as supplychains become increasingly complex and digitalized.
Group purchasing and indirect spend Indirect Spend, with her diverse and multifaceted nature, longed for a Sourcing Hero to swoop in and optimize her procurement processes. She yearned for someone who could bring her cost savings , efficiency , and strategic value.
This is where the power of spend analysis comes into play. A robust spend analysis provides a comprehensive view of your company’s expenditures, helping you identify savings opportunities, enhance efficiency, and ultimately, fuel business growth. Spend analysis plays a vital role in a business.
It’s never a good idea to work with a single partner on anything mission-critical, as it can damage your organization if an issue arises with its supplychain. It can work for basic things like office supplies you don’t often need. Fewer suppliers can make it much easier for companies to manage their supplychains effectively.
Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spendmanagement platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. FRDM FRDM is a software company specialising in supplychain risk management.
In addition to negotiating discounts, group purchasing organizations may also provide other services such as supplychainmanagement , procurement consulting, and logistics support. Supplier relationship management: We’re proud of the relationships we’ve built with our suppliers.
Automotive: Modern vehicles require high-tech processes like electrification and smart manufacturing to enhance efficiency, safety, and performance. Many manufacturers also struggle to get a clear view of long-tail spend, since it involves numerous transactions spread across various departments and suppliers.
These tend to place emphasis on driving cost savings, improving data quality and driving transactional efficiency. It requires precise inventory management, greater degrees of supplier collaboration, and increased levels of compliance and quality control. Where can tech make a difference on direct spend?
Digital procurement means letting go of manual data entry, paperwork, and complex request management and instead opting to use software that streamlines procurement through integration and automation. These include the need for greater efficiency and the desire to build procurement processes with more structure and less fragmentation.
White space savings (freeing up someone’s time and increasing operational efficiency). This is especially true when looking at how the supplychain and the management of external suppliers can play a pivotal role in a company’s ESG goals. Process related savings that can’t be measured by direct reduction to headcount.
White space savings (freeing up someone’s time and increasing operational efficiency). This is especially true when looking at how the supplychain and the management of external suppliers can play a pivotal role in a company’s ESG goals. Process related savings that can’t be measured by direct reduction to headcount.
Get things done faster Outsourcing helps businesses streamline their operations and use their resources more efficiently. The primary motivation for outsourcing is to increase efficiency (24%) and to gain access to expert skills (18%). It gives them access to specialized skills, cuts costs, and boosts operational efficiency.
Better process efficiency and excellence The first stage of optimization is process discovery, and AI can be an effective tool for parsing complex systems. Using AI to optimize processes can result in better time management for employees, more consistent outputs, and stronger performance overall. No revolution is without risk.
And as we operate in the procurement technology space, its often business users within finance, procurement and operations who are trying to drive innovation, process efficiencies and savings within their business. Consider the following real life examples. Example 1: No single view of customers.
Working capital measures how efficiently a business uses its resources to generate sales and profits. In other words, it indicates how well the company manages its short-term financial obligations. Positive working capital indicates that a company has enough liquid assets (cash flow) to cover its current debts.
Subscribe to SupplyChain Game Changer. What is the Digital SupplyChain? A move that is more transformative to the operational success and efficiency than most realize. IT spendmanagement can make or break whether a deal works. appeared first on SupplyChain Game Changer™.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. What's PLANERGY? How Do Cross-Border Payments Work?
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content