Purchasing & Procurement Zone

Unleash The Power of the Business Spend Management (BSM)

ProcurePort

DECEMBER 14, 2021

Business spend management (BSM) refers to a unified, coherent set of business processes, supported by software that encompasses invoice management, procurement, and expense management. Business spends management addresses all the ways employees spend money within an organization.

Spend management

Spend management Management Budget Inventory

How to Succeed at Business Spend Management

ProcurePort

MARCH 24, 2022

Enterprise spend management is a set of processes meant to bring transparency and control over the manner in which people given the power to spend are doing so. Such transparency can help to reduce business risk, increase profits, and improve efficiency in various areas of the business.

Spend management

Spend management Management Risk Import

How to Effectively Manage Business Spend

ProcurePort

FEBRUARY 9, 2021

The phrase, ‘you have to spend money to make money’ is sort of a constant in the business world. Although, as with everything in life, there needs to be balance to the spending. The post How to Effectively Manage Business Spend appeared first on ProcurePort Blog. This is where procurement comes into play.

Management

Management Contract Sourcing Procurement

Webinars

Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

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Tail Spend Management and Why It Is So Important For Your Business

Barkers Procurement

MAY 25, 2023

Discover the key strategies and best practices for effective tail spend management. What is Tail Spend Management? Tail Spend is often regarded as the problem child of an organisation’s spend profile. Tail spend can cover Indirect and Direct categories. How can Barkers help? Our approach is simple.

Spend management

Spend management Import Management Eprocurement

Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before.

Spend management

Coupa’s journey from Business Spend Management to Supply Chain Management — Assessing progress on seven key dimensions

Spend Matters

JULY 25, 2022

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers , Source to Pay , Spend Management , Supply Management , Technology Tags: PRO I attended Coupa’s annual Inspire conference this year and was excited to finally attend a large event rather than just small meetings with clients and colleagues.

Spend management

Spend management Supply Chain Optimization Supply chain management Supply chain management

Manage Procurement Spend Like It’s Your Own Business!

Supply Chain Game Changer

AUGUST 6, 2019

Commodity Management. Category Management. They are all running their own businesses within their companies, or at least they should be, whether they realize it or not. Goods and services spend in many companies is the largest, or one of the largest, expenses. And all of this is managed by Procurement personnel.

Management

Management Procurement Category management Chief Procurement Officer

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Price

Price Strategy Sourcing Real-time Visibility

Spend Management — The Ultimate Guide of 2023

Procurement Tactics

DECEMBER 6, 2022

Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. We will tell you the challenges and benefits of spending management.

Spend management

Spend management Management Real-time Visibility Budget

80% of UK businesses say Brexit caused the biggest supply chain disruption in the last 12 months

ivalua

NOVEMBER 28, 2022

Research from Ivalua , a leading global spend management cloud provider , has revealed that 80% of UK businesses say that Brexit has been the biggest disrupter to supply chains in the last 12 months, while 83% fear the biggest disruption from Brexit is yet to come. But to do this, supply chain management must be digitalised.

Agile and Lean Supply Chain

Agile and Lean Supply Chain Supply chain Supply Spend management

LSQ: Vendor Analysis — Working capital solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

APRIL 8, 2024

This Spend Matters Vendor Analysis provides an overview of LSQ and its solution for Working Capital Management. LSQ is an active participant in the fintech industry with its LSQ platform, which offers a suite of working capital management solutions. This content is for members only. Visit the site and log in/register to read.

Buyers

Buyers Sustainability Suppliers Innovation

Sustainable Procurement Analysis — The Ultimate Guide

Procurement Tactics

JANUARY 8, 2023

Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. As we told you earlier, procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. . The Closed Loop Spend Management. Download Whitepaper →. .

Sustainability

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization

Sales Order vs. Purchase Order – 8 Key Differences

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

Purchase orders Purchasing supply chain software solutions Buyers

Ivalua Supports the Digitalization of Tchibo’s Indirect Purchasing Process with its Source-to-Contract Solution

ivalua

NOVEMBER 13, 2022

Ivalua, a global leader in spend management , today announced that Tchibo, one of the largest coffee roasters in the world, has chosen Ivalua and its partner Capgemini to digitize Source-to-Contract (S2C) for its indirect purchasing of goods and services. Ivalua is a leading provider of cloud-based Spend Management software.

Purchasing

Purchasing Contract Sourcing Supplier relationship management

Volkswagen Group Selects Ivalua to Digitize its Indirect Procurement Processes

ivalua

DECEMBER 15, 2022

Ivalua, a global leader in spend management , and Capgemini, a global IT services and consulting firm, today announced that after a comprehensive evaluation of available technology solutions, the Volkswagen Group has chosen Ivalua’s platform to digitize its global indirect procurement processes for the Group’s entire brand portfolio.

Supply Chain Efficiency

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Spend management

7 Spend Analytics Software for Mid-Market Businesses

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. You have to know what you’re spending your money on before you can start to transform your procurement operations. To do this quickly and efficiently, spend analytics software is your best friend.

supply chain software solutions

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting

Strategic Procurement — Everything You Should Know

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement

Procurement Procurement strategies supply chain budgeting Contract management

Ivalua Ranked in Comparably’s Global Top 100 Best Companies and Awarded Best for Culture, Women and Diversity

ivalua

DECEMBER 16, 2022

Ivalua, a global leader in spend management , today announced that following anonymous votes from employees across all its departments and international office locations, the company has been ranked by Comparably among the top 100 companies with the best culture, as well as a best company for women and for diversity. About Ivalua.

Spend management

Spend management supply chain software solutions Collaboration Supply Chain Efficiency

MRO in Procurement — Everything You Should Know

Procurement Tactics

NOVEMBER 29, 2022

We will tell you about MRO purchasing and MRO inventory management. Thus, you will know how to utilize it in your profession or business effectively. MRO is also referred to within the context of indirect procurement as it allows business activity indirectly incorporated into any final product the company creates.

Procurement

Procurement Inventory Purchasing Procurement strategies

Procurement Category Management for Business

ProcurePort

MARCH 15, 2022

The procurement category management process is the intentional action by a company to divide its procurement spend into segments with related items. The post Procurement Category Management for Business appeared first on ProcurePort Blog.

Category management

Category management Management Procurement Logistics

Spend Matters releases the Spring 2024 SolutionMap Insider featuring 79 procurement technology solutions

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

Procurement Sourcing Risk management Ethics

The Complete Guide to Procurement Technology

World of Procurement blog

APRIL 23, 2024

In today's competitive business environment, procurement isn't just a necessity; it's a strategic function that can significantly influence a company’s bottom line. We also provide strategic considerations for businesses planning to adopt procurement technology. Examples include IBM Emptoris and Oracle Supplier Management.

Procurement

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders

Fairmarkit: Vendor Analysis (Part 1) — Sourcing solution overview, market analysis, company SWOT, competitors

Spend Matters

FEBRUARY 26, 2024

Such an area is tail spend, the purchases that makeup approximately 80 percent of transactions/parts/suppliers but only 20 percent of total spend volume. And, following the Pareto principle, many organizations ignore their tail spend because of the apparently meager return on investment. This content is for members only.

Market analysis

Market analysis Sourcing Spend management Purchasing

Unveiling the Power of Procurement Software: A Comprehensive Guide

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management. What is Procurement Software?

supply chain software solutions

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement

Unveiling the Power of Procurement Software: A Comprehensive Guide

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management. What is Procurement Software?

supply chain software solutions

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement

The new shape of business travel is here, so why are some still using rigid expense management systems?

Spend Matters

OCTOBER 10, 2023

Pre-pandemic, T&E spending represented a significant portion of a company’s discretionary budget. 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 Visibility

Real-time Visibility Management e2e Budget

The Pivotal Role of Technology in Modern Procurement

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business environment, procurement plays a crucial role in determining a company's efficiency, cost-effectiveness, and competitive edge. Spend Analysis Tools These tools collect and analyze procurement data, offering insights into spending patterns, supplier performance, and potential cost savings.

Supply Chain Efficiency

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions

The Pivotal Role of Technology in Modern Procurement

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business environment, procurement plays a crucial role in determining a company's efficiency, cost-effectiveness, and competitive edge. Spend Analysis Tools These tools collect and analyze procurement data, offering insights into spending patterns, supplier performance, and potential cost savings.

Supply Chain Efficiency

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions

Brex: Vendor Analysis — Expense management solution overview, roadmap, competitors, tech selection tips, analyst insights

Spend Matters

OCTOBER 9, 2023

This Spend Matters Vendor Analysis provides an overview of Brex and its solution for expense management. Expense management tools are in high demand because organizations need to manage post-pandemic travel spend. It has since expanded its global support to serve companies of all sizes.

Management

Management Budget Market analysis Influencing

Halo Ai: Vendor Analysis — Third-party risk management solution overview, roadmap,, competitors, tech selection tips, analyst summary

Spend Matters

MARCH 18, 2024

This Spend Matters Vendor Analysis provides an overview of Halo Ai and its solution for third party risk management. Third-party risk management (TPRM) is often an afterthought for organizations or a measure only taken after a risk event occurs. This content is for members only. Visit the site and log in/register to read.

Risk management

Risk management Risk Supply chain resilience Management

Budgeting Process: Steps and Best Practices for Planning a Budget

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 to gain visibility and control of your indirect spend. How to gain visibility and control of your indirect spend.

supply chain budgeting

supply chain budgeting Budget Real-time Visibility Spend management

New Year Insights for the procurement solutions and services marketplace 2024: Simfoni

Spend Matters

JANUARY 16, 2024

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market.

Procurement solutions

Procurement solutions Procurement Spend management Supply Chain Optimization

Kodiak Hub: Vendor Analysis — SxM and Supplier Risk solution overview, competitors, user considerations, voice of the customer, analyst summary

Spend Matters

FEBRUARY 19, 2024

This Spend Matters Vendor Analysis gives an overview of Kodiak Hub, a supplier management solution that consolidates all supplier information and data into one view with a focus on performance and risk. There are many old, new and developing stories about risk and the disruptions impacting business continuity and operations.

Risk

Risk Suppliers Supplier relationship management Sustainability

New Year Insights for the procurement solutions and services marketplace 2024: SAP

Spend Matters

JANUARY 25, 2024

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. We’re no longer asking if businesses will adopt AI technology, but rather how quickly they can deploy it and realize its benefits.

Procurement solutions

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency

Canopy: Vendor Analysis — SIM solution overview, competitors, user considerations, analyst summary

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. The post Canopy: Vendor Analysis — SIM solution overview, competitors, user considerations, analyst summary appeared first on Spend Matters.

Suppliers

Suppliers Risk management Data Buyers

Top 20 Skills Procurement Pros Need to Master

World of Procurement blog

APRIL 23, 2024

Procurement professionals play a crucial role in the success and efficiency of businesses. Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements.

Ethics

Ethics Procurement Supplier relationship management Market knowledge

Top 20 Skills Procurement Pros Need to Master

World of Procurement blog

APRIL 23, 2024

Procurement professionals play a crucial role in the success and efficiency of businesses. Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements.

Ethics

Ethics Procurement Supplier relationship management Market knowledge

New Year Insights for the procurement solutions and services marketplace 2024: Sphera

Spend Matters

JANUARY 5, 2024

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This makes it easier for enterprises to integrate Scope 3 data into their supply chain risk management solution.

Procurement solutions

Procurement solutions Supply Chain Efficiency Procurement Raw materials

Q4 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 15 vendors

Spend Matters

JANUARY 5, 2024

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Exploring the world of procurement tech in Q4 Spend Matters Insider coverage in Q4 included more than just our staple Vendor Analyses.

e2e

e2e Procurement supply chain software solutions Contract

Prewave: Vendor Analysis — SCRM solution overview, competitors, user considerations, analyst summary

Spend Matters

JANUARY 31, 2024

This Spend Matters Vendor Analysis gives an overview of Prewave, a solution built to reduce risks in supply chains. It offers a comprehensive risk assessment product that encompasses various risk dimensions, including operational risks (business continuity) and sustainability. This content is for members only.

Risk management

Risk management Risk Sustainability Supply chain

Episode 159: All Travel is Personal with J. Grant Caplan

Una

APRIL 3, 2024

Grant is the President of Procurigence, a managed travel consulting and conference resource firm specializing in optimizing spend. Grant Caplan. He is a relationship driven professional who finds a natural fit in a role that requires calm heads and an emphasis on hospitality.

Budget

Budget Logistics Sourcing Management

Solving the procurement problem: Too many tools, not enough data

Spend Matters

AUGUST 31, 2023

Procurement professionals and IT leaders tasked with managing software procurement today can often only focus on the top 20% of vendors. SaaS and vendor management has become increasingly complex Procurement and IT are being inundated with software access, vendor intake and renewal requests. And that’s just SaaS.

Data

Data Vendor management Procurement e2e

Managing Tail Spend to Avoid “Porcelain Dalmatians”

Una

JANUARY 9, 2023

Managing Tail Spend to Avoid "Porcelain Dalmatians". 5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team.

Management

Management Spend management Purchasing Procurement team

The Market Speaks: Procurement practitioner requirements and the tech vendor response — Simfoni

Spend Matters

AUGUST 30, 2023

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends.

Procurement

Procurement Supply Chain Efficiency Spend management Sustainability

Unleash The Power of the Business Spend Management (BSM)

How to Succeed at Business Spend Management

Webinars

Trending Sources

How to Effectively Manage Business Spend

Webinars

Tail Spend Management and Why It Is So Important For Your Business

Putting the ‘Tech’ in Spend Management Techniques

Coupa’s journey from Business Spend Management to Supply Chain Management — Assessing progress on seven key dimensions

Manage Procurement Spend Like It’s Your Own Business!

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

Spend Management — The Ultimate Guide of 2023

80% of UK businesses say Brexit caused the biggest supply chain disruption in the last 12 months

LSQ: Vendor Analysis — Working capital solution overview, roadmap, competitors, user considerations, analyst summary

Sustainable Procurement Analysis — The Ultimate Guide

Sales Order vs. Purchase Order – 8 Key Differences

Ivalua Supports the Digitalization of Tchibo’s Indirect Purchasing Process with its Source-to-Contract Solution

Volkswagen Group Selects Ivalua to Digitize its Indirect Procurement Processes

7 Spend Analytics Software for Mid-Market Businesses

Strategic Procurement — Everything You Should Know

Ivalua Ranked in Comparably’s Global Top 100 Best Companies and Awarded Best for Culture, Women and Diversity

MRO in Procurement — Everything You Should Know

Procurement Category Management for Business

Spend Matters releases the Spring 2024 SolutionMap Insider featuring 79 procurement technology solutions

The Complete Guide to Procurement Technology

Fairmarkit: Vendor Analysis (Part 1) — Sourcing solution overview, market analysis, company SWOT, competitors

Unveiling the Power of Procurement Software: A Comprehensive Guide

Unveiling the Power of Procurement Software: A Comprehensive Guide

The new shape of business travel is here, so why are some still using rigid expense management systems?

The Pivotal Role of Technology in Modern Procurement

The Pivotal Role of Technology in Modern Procurement

Brex: Vendor Analysis — Expense management solution overview, roadmap, competitors, tech selection tips, analyst insights

Halo Ai: Vendor Analysis — Third-party risk management solution overview, roadmap,, competitors, tech selection tips, analyst summary

Budgeting Process: Steps and Best Practices for Planning a Budget

New Year Insights for the procurement solutions and services marketplace 2024: Simfoni

Kodiak Hub: Vendor Analysis — SxM and Supplier Risk solution overview, competitors, user considerations, voice of the customer, analyst summary

New Year Insights for the procurement solutions and services marketplace 2024: SAP

Canopy: Vendor Analysis — SIM solution overview, competitors, user considerations, analyst summary

Top 20 Skills Procurement Pros Need to Master

Top 20 Skills Procurement Pros Need to Master

New Year Insights for the procurement solutions and services marketplace 2024: Sphera

Q4 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 15 vendors

Prewave: Vendor Analysis — SCRM solution overview, competitors, user considerations, analyst summary

Episode 159: All Travel is Personal with J. Grant Caplan

Solving the procurement problem: Too many tools, not enough data

Managing Tail Spend to Avoid “Porcelain Dalmatians”

The Market Speaks: Procurement practitioner requirements and the tech vendor response — Simfoni

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