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Subscribe Supply Chain Visibility Has Never Been More Important! As a result, the need for real-time supply chain visibility (RTSV) has evolved from a “nice-to-have” to a “must-have” capability for companies aiming to stay competitive. What is Real-Time Supply Chain Visibility?
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.
This article covers phase 4 of our series: Improving expense management for financial forecasting and control – A Finance–Procurement alignment approach. When applied thoughtfully, modern tools enable real-time control, streamline policy enforcement and embed financial accountability into everyday behavior.
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.
Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency.
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.
Today I’m joined by the most recommended real-time transportation visibility platform in the world, Shippeo. Shippeo is a global leader in real-time multimodal transportation visibility, helping major shippers and logistics service providers operate more resilient, sustainable, and customer-centric supply chains.
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.
Rising software costs, lack of procurement oversight, compliance headaches, and clunky vendor management. In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack. Sound familiar? If you’ve been feeling the pressure, you’re not the only one.
Speaker: Cathy Morrow Roberson, Research Manager for the Reverse Logistics Association
Businesses need to leverage advanced tracking systems and data analytics to identify bottlenecks and improve supply chain visibility. Efficient return management stands as a crucial strategy for optimizing the supply chain.
It requires you to juggle multiple priorities: unifying systems, improving visibility, reducing risk, and proving ROI across every stage of the procurement process. Cost savings and reduced maverick spend: By improving visibility and control, S2P tools help enforce purchasing policies and drive contract compliance.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. You’ll learn how to review your current approach, pinpoint gaps, and start implementing improvements right away, focusing on automation, data visibility, and stakeholder alignment.
For Phase 1, establishing a shared understanding of expense management priorities is essential for meaningful collaboration. These differing goals can create disconnects across systems, workflows and responsibilities, which ultimately undermine spend visibility, delay financial reporting and weaken cost control.
A critical but often overlooked step in managing spend, enforcing policy, and gaining visibility across the procurement process, creating a purchase requisition is the first step in the process. Manual requisition workflows can lead to delays, unapproved spend, and poor visibility. When does a purchase actually begin?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. You’ll learn how to review your current approach, pinpoint gaps, and start implementing improvements right away, focusing on automation, data visibility, and stakeholder alignment.
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,
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.
This executive summary introduces a five-part series for finance, procurement and operational leaders who aim to bring greater control, transparency and predictive power to employee-driven expense management, particularly travel, reimbursement and card spend. Manual processes and disconnected platforms limiting real-time budget tracking.
If so, it’s costing you more than time, it’s impacting your working capital as well. Key Takeaways Paying the right Invoice, at the right time is the name of the game, AP should be focusing on automating the basics, not scanning or coding invoices. Still struggling under the weight of paper or PDF invoices? Find Out More.
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. Neither team owns the end-to-end view of expense impact.
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. Your procurement technology platform should help unify data and processes across tiers to avoid disruptions.
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. Approval workflow bottlenecks: Manual approvals cause delays, increasing cycle times and reducing procurement efficiency.
Businesses must find effective ways to strengthen their networks and improve flexibility to maintain stability during uncertain times. One of the most effective strategies for building resilience is integrating project management into supply chain operations. A well-managed supply chain does not just survive crises it thrives in them.
Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. 393% ROI from process automation, better visibility, and replacing old systems. NPV generated over three years for a typical organization. What is Total Economic Impact?
This article serves as the executive summary of a six-part series built for finance and procurement leaders aiming to strengthen their organizations cash flow management and liquidity position. Cash flow management is no longer an isolated finance function, it requires end-to-end coordination across teams and systems.
Key Takeaways S2C platforms optimize procurement efficiency, reduce costs and risk, streamline supplier relationships, and improve contract compliance with automation and real-time data visibility. Key goals accomplished with the right S2C solution include: Generating significant cost savings through better spend management.
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.
You know there are opportunities hidden in the numbers; the challenge is surfacing them in time to act. We’ll walk through key benefits, types of spend analysis, steps to get started, and metrics to track—backed by lessons learned from real-world implementations. Let’s dig in!
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.
From simple automations that save time to sophisticated strategies that drive major business value, embedding AI in your business processes can provide immense value. AI also enhances supplier profile management, enriching, verifying and completing supplier data to provide a more comprehensive view of risks and opportunities.
If your procurement team is juggling multiple ERP systems, you’re likely spending more time chasing data than driving strategy. Disconnected supplier records, inconsistent processes, and limited visibility can impair efficiency and open the door to shadow spend.
The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation often without additional headcount or budget. Procurement teams are spread thin and have to manage everything from basic sourcing to board-level ESG compliance. From there, workflows adapt in realtime.
Learn about Ivalua’s AI-powered virtual assistant and how it can help you save time, reduce risk and improve decision-making across the source-to-pay lifecycle. Inefficiencies are baked into the procurement process, wasting time and budget while leaving the door open to errors such as missed deadlines or incorrect orders.
Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Key Takeaways Unified sourcing platforms help connect planning, sourcing, and spend visibility for both procurement types, driving efficiency and competitive advantage.
Introduction A quickbooks barcode scanner transforms how small and medium-sized businesses handle their inventorymanagement, bridging the gap between physical products and digital records. When integrated with QuickBooks, a barcode scanner for quickbooks eliminates manual data entry, reducing costly errors and saving valuable time.
Ruth Orenstein , Senior Director of Product Management at global finance automation specialist, Tipalti, shares what their customers are looking for from their digital procurement investment. Approval lead time is another important metric. Lastly, customers measure annual dollar savings to demonstrate tangible financial returns.
The global logistics industry undergoes transformative change because of technological developments which enhance delivery services from last-mile operations to worldwide freight management. Seamless Integration Logistics operations in modern times need system-wide communication between CRM, ERP and IoT platforms.
Unlocking Vendor ManagedInventory for Multi-Channel Success In today's commerce landscape, mid-market sellers juggling Amazon FBA, Shopify, and 3PL stock face unprecedented coordination challenges. The vendor managedinventory process reverses traditional ordering dynamics by empowering suppliers with real-time data.
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.
Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. What is Procurement? What Does Procurement and Purchasing Mean for Enterprises?
Let’s remember what AP is responsible for The promise of AI and agents is real. It’s about having the right information, in the right format, at the right time to make a payment decision. It’s about knowing the rules and applying them every time. It has no visibility into approval delays or discount capture.
Without a core system to track and manage these rules, the risk of non-compliance escalates. AI agents can then access real-time, high-fidelity information, boosting the reliability of their insights. Cross-Functional Visibility: Procurement rarely happens in a bubble. Because the platform enforces data standards (e.g.,
We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers.
Supply chain management in the U.S. Key Takeaways Supply chain management in the U.S. IoT devices enable real-time monitoring of operations to improve efficiency. Blockchain technology for transparency Blockchain technology is one of the most groundbreaking innovations transforming supply chain management.
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