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Coupa announced during its Inspire 2025 event that it has acquired Cirtuo, a provider of category management (CatMan) software. The move addresses a long-standing gap in many procurement technology offerings: helping teams define and manage procurement strategies, rather than just executing sourcing events. What is Category Management?
As little as 10 years ago, we heard stories of pretty much indifference to risk: “supply risk management was young,” we heard, and “we didn’t worry too much about risk; we spent a very small percentage of our time on it.” But from my experience, each team does this very differently, with each using its own technology to manage risk.
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g.,
Procurement and supply chain management 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 supply chain management, and explain where the biggest disconnects typically occur.
The high-tech and telecom sectors face a contract management crisis if the process isn’t managed properly. What can CPOs do to ease the contract management burden?
Visit our In-Depth Guide to Risk Management for an explanation of this complex environment. For today’s vendor viewpoint we spoke with Nick Francis, Chief Technology and Marketing Officer (CTMO) at Commercial Value Management specialist Brooklyn Solutions.
Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.
In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle.
The post How spend analytics solutions support risk management appeared first on Spend Matters. This piece covers how risk data specifically comes into play for traditional spend analytics vendors. This content is for members only. Visit the site and log in/register to read.
The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations?
This article covers phase 4 of our series: Improving expense management for financial forecasting and control – A Finance–Procurement alignment approach. Why it matters for expense management and financial alignment: Pre-spend visibility reduces end-of-month surprises and improves financial agility.
Visit our In-Depth Guide to Risk Management for an explanation of this complex environment. For today’s vendor viewpoint we asked Austin Fuller, Director, Product Marketing at supply chain risk management specialist Exiger Have you witnessed a significant change of appetite for risk-related tech over recent years from your customer base? “Yes,
Technologies LTD): Vendor Analysis — PO Lifecycle Management solution overview, competitors, user considerations, analyst summary appeared first on Spend Matters. This content is for members only. Visit the site and log in/register to read. The post IDAS (M.K.
This article covers phase 3 of our series: Improving expense management for financial forecasting and control – A Finance–Procurement alignment approach. Step 1: D efine the problem – Why misalignment matters in expense management When finance and procurement aren’t aligned, employee-driven expenses become a hidden risk.
Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.
That, at least, is the theory behind mathematical optimization, and the way it’s being applied to supply chain management today. Bowman, SupplyChainBrain Supply chains consist of imperfect humans struggling to make perfect decisions. In the end, though, it all comes down to a game of numbers.
Subscribe Effective Sales Contract Lifecycle Management Best Practices! Rebate Management Software is designed to handle the intricate calculations and processes associated with rebates in the supply chain. However, managing these rebates manually can lead to errors and inefficiencies.
For Phase 1, establishing a shared understanding of expense management priorities is essential for meaningful collaboration. Finance’s expense management priorities The finance function approaches employee expense management as a critical component of financial accuracy, risk mitigation and planning agility.
Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Savings can be cashable or non cashable i.e. cost avoidance.
Software Solutions: Explore how Transportation Management Systems (TMS) and Transportation Planning Systems work together to optimize planning. Transform your supply chain management with actionable insights and best practices for transportation planning.
Using a procurement management system is one practical strategy to strengthen these connections. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.
Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future. Effective Strategies for Managing Procurement Fraud Regular audits and continuous monitoring play a vital role in identifying procurement fraud. Lets take a look.
From our research, it is clear that many organisations still see category management as simply another term for strategic sourcing. However, we believe that category management and strategic sourcing focus on different aspects and have distinct goals. demand management) or buying smarter (e.g., specification management).
We introduced this series on ‘ Improving Expense Management for Financial Forecasting and Control, ’ to help organizations rethink how finance and procurement can collaborate around employee-driven expenses, especially travel, reimbursements and card spend. Managers and auditors spend time policing rather than advising.
Explore how a global manufacturing organization steadily advanced its supply chain maturity – starting with basic transportation management and evolving towards a fully integrated, optimization-driven planning approach.
A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Category Management Category management refers to the focused management of individual aspects of your procurement process.
Most companies still manage cash flow as a finance-only function — balancing payables, forecasting liquidity and managing capital costs. Procurement manages the commitments that lead to spend; finance manages when and how that spend is paid. That’s where procurement comes in — or rather, should come in.
Enhancing Competitive Advantage Strategic sourcing creates a sustainable competitive edge by combining cost savings, risk management, and supplier innovation. Predictive Risk Management Smart solutions equipped with predictive analytics can help foresee potential riskssuch as supplier insolvency or geopolitical eventsbefore they occur.
Introduction A quickbooks barcode scanner transforms how small and medium-sized businesses handle their inventory management, bridging the gap between physical products and digital records. The journey to implementing effective barcode scanning with QuickBooks involves several key components, from initial setup to ongoing management.
In this fast-paced economic landscape, the importance of strategic supplier relationship management cannot be overstated. Join us as we delve into the world of Supplier Relationship Management, unlocking the secrets to success in the face of tariff uncertainty.
In this article, we’ll take you behind the scenes and explore the logistics and supply chain management that make modern casino operations run smoothly. Managing the Essentials: From Cards to Roulette Wheels Imagine stepping into a casino. This is no accident; it results from effective supply chain management.
This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations. This process is known as supplier risk management.
Heres where e-procurement processes often break down: Fragmented catalog and supplier management: Inconsistent supplier onboarding and unstructured catalogs result in pricing discrepancies and procurement delays. Poor supplier collaboration: Without digital supplier engagement tools, vendor management remains reactive instead of proactive.
Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability.
Key metrics were tied to cost reduction and spend under management. 20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management.
With numerous platforms offering online courses, including edX supply chain courses and SCMDOJO academy , it can be challenging to choose the one that best fits your needs, especially when it comes to specialized fields like supply chain management. A general platform covering various subjects, including supply chain.
What Is AI in Supplier Management? AI in supplier management is the use of artificial intelligence (AI) technologies to streamline and enhance various supplier-related processes. What is the use of AI in supply chain management? What is the role of AI in supplier relationship management?
In "The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment," you'll find lessons from AT&T and GSK on managing today’s supply chain disruptions.
The more a company introduces new products, the more it needs to manage these relationships closely, especially as we now, more than in the past, need to consider dimensions such as sustainability and ethics. Growth has the highest correlation to market capitalization in public companies and customer service is a fundamental driver of growth.
This makes it hard for procurement teams to find what they need quickly, and even harder to manage vendors in a smooth, professional way. That is why an increasing number of firms are using Vendor Lifecycle Management Software. What is vendor lifecycle management software?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. Core Operational Focus Areas A modern strategy must prioritize foundational capabilities, including spend analysis , vendor management, contract lifecycle management, and risk management.
In a whirlwind of developments in the world of supply chain management, the latest headlines are buzzing with the news of boeing machinists bringing an end to thier strike. Alongside this, the Institute for Supply Management has also made waves with their latest updates.
Download this eBook and gain an understanding of the impact of data management on your company’s ROI. Given data’s direct impact on marketing campaigns, reporting, and sales follow-up, maintaining an accurate and consistent database is a top priority for B2B organizations. You'll learn about: The true cost of bad (and good) data.
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