ivalua

JULY 23, 2025

Procurement teams use e-auctioning software to run reverse auctions or dynamic bidding events, where multiple suppliers compete to offer the best price for a standardized product or service. E-contract management also ensures no documentation is missing when it’s time for an audit.

Real-time Visibility 130

Real-time Visibility Procurement e2e Supply Chain Efficiency 130

ivalua

JULY 21, 2025

A Procurement System refers to a sophisticated framework or software designed to streamline and automate various stages of the procurement process within an organization. These systems come in diverse forms, ranging from best-of-breed solutions to comprehensive full-suite solutions.

Real-time Visibility 100

Real-time Visibility e2e Procurement supply chain software solutions 100

ivalua

MAY 10, 2025

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.

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Procurement 130

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

ivalua

JULY 3, 2025

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Find Out More What Is Procurement?

supply chain budgeting 130

supply chain budgeting Procurement e2e Agile and Lean Supply Chain 130

ivalua

JUNE 12, 2025

This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. When done right, spend analysis enables cost savings, supplier optimization, risk reduction, and more strategic sourcing decisions. The culprit?

supply chain budgeting 130

supply chain budgeting Risk Real-time Visibility Supply Chain Efficiency 130

ivalua

JUNE 5, 2025

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?

Purchasing 130

Purchasing Risk Procurement e2e 130

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Procurement team 130

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Procurement team 130

Supply Chain Game Changer

JULY 19, 2025

Subscribe Digital Procurement Improves Supply Chain! Effective lead time management is essential to avoid operational disruptions. The solution? By anticipating supply chain fluctuations, securing backup suppliers, and improving communication with vendors, you can minimize delays and ensure a steady flow of materials.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement supply chain budgeting Agile and Lean Supply Chain 75

Spend Matters

FEBRUARY 13, 2025

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. Instead, he noted, we had to choose our solutions in a more targeted and perhaps even piecemeal fashion.

Influencing 106

Influencing Procurement supply chain budgeting e2e 106

Procurement Insights

JANUARY 3, 2025

Key metrics were tied to cost reduction and spend under management. Minimal Strategic Involvement : Procurement was often siloed, with limited involvement in broader corporate strategies. Collaboration with finance was transactional rather than strategic. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Spend Matters

OCTOBER 31, 2024

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. Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supply chain industry practitioners.

Real-time Visibility 123

Real-time Visibility Supply Chain Efficiency Buyers Category management 123

ivalua

MAY 21, 2025

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.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain e2e 130

SCMDOJO

MARCH 24, 2025

By using PPV, managers can identify inefficiencies in cost-saving strategies by detecting cost overruns and underruns, allowing them to take corrective actions. During the planning phase, managers do not have an exact estimate of the costs they will incur for purchasing. It helps determine the accuracy of supplier pricing.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 52

Jaggaer

FEBRUARY 28, 2025

The most recent Hackett Group Report highlights key priorities reshaping procurement in 2025, including technology adoption, the rise of Generative AI, and managing emerging risks. However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Optimization 52

Procurement Insights

JULY 2, 2025

(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.

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 59

Jaggaer

FEBRUARY 20, 2025

But before this can happen someone has to identify suitable vendors to secure goods and services at the best value (not necessarily the lowest price) within a variety of constraints (risk management, ESG and regulatory factors etc.). Category management segments your expenditure into areas which contain similar or related products.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Software

JULY 6, 2025

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.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Procurement Insights

MAY 3, 2025

Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supply chain management. AI, e-sourcing), spend analytics, and best practices.

Procurement 40

Procurement Supply Chain Optimization Ethics supply chain software solutions 40

Finale Inventory

JULY 18, 2025

Supply Chain Disruption in 2025: Navigating Supply Chain Issues Supply chain issues have become the defining challenge for multichannel merchants in 2025. When supply chains falter, customer satisfaction plummets and competitors gain ground. What Are Supply Chain Issues in Plain Language?

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 40

Procurement Software

MARCH 16, 2025

Fewer Emails Procurement teams typically manage more suppliers than Sales teams do customers. Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Spend Matters

MAY 27, 2025

Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management. Without integration, finance teams struggle to track procurement-driven savings, while procurement lacks visibility into financial planning and liquidity management.

Real-time Visibility 103

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 103

Procurement Software

JUNE 1, 2025

Category Managers memorised ERP commands as if they were sacred. Success meant mastering rigid methodologies like the Kearney 7-Step Sourcing Process. Hiring managers evaluated candidates on these skills, rather than looking towards the future. Strategic sourcing It continues to drive value creation.

Procurement 52

Procurement Agile and Lean Supply Chain Category management Procurement team 52

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Real-time Visibility 52

Procurement Insights

JANUARY 19, 2025

However, a few pioneering solutions began to emerge, laying the groundwork for future advancements: American Management Systems (AMS) Procurement Desktop-Defense (PD) : Overview : AMS developed PD as part of the U.S. Significance : Baan’s software emphasized integration across the supply chain, including procurement processes.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency e2e Eprocurement 52

Procurement Express

DECEMBER 31, 2024

Procurement managers are pros when it comes to negotiating deals down to the penny, working closely with suppliers to secure terms that place them at a strategic advantage. What Happens When Indirect Spend Isnt Managed? Admin staff might be responsible for ordering office supplies. The list goes on.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Procurement Insights

APRIL 28, 2025

Leadership Table for ProcureTech Solution Providers * NOTE* I selected the Finance Industry sector for the Key Focus column in this post, but I will build a matrix for the previously identified Top 5 Procurement and Supply Chain Concerns For These Five Industries (According To Who!?). Who Are You?

Procurement 52

Procurement Agile and Lean Supply Chain Leadership supply chain software solutions 52

Arkestro

NOVEMBER 12, 2024

However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Planergy

MAY 8, 2025

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 6][7][9] Procurement in 2025 is evolving fastbalancing operational demands, strategic decision-making, and digital innovation. What's PLANERGY?

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

Spend Matters

JANUARY 23, 2025

The momentum around this ‘best practice’ has been further accelerated by the marketing efforts of market intelligence companies selling data and even a few purpose-built software platforms to make these efforts more efficient and accurate.

Price 107

Price Negotiation supply chain software solutions Supply Chain Optimization 107

TYA Suite

MAY 13, 2025

Typically, a manager or procurement officer will examine the request to ensure it fits within the budget and complies with company policies. If necessary, they may suggest alternative solutions or adjustments to save costs. Operational procurement management plays a key role in ensuring that companies can adapt quickly.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

Procurement Insights

MARCH 23, 2025

The analysis covers key indirect spending categories including MRO, office supplies, facilities management, IT services, professional services, utilities, logistics, corporate travel, HR benefits, temporary labor, and outsourcing. The company likely has multiple facilities, a global supply chain, and sustainability priorities (e.g.,

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

TYA Suite

APRIL 13, 2025

Without a proper system, it becomes harder to track budgets, follow company rules, and manage suppliers. Apurchasing systemis a structured workflow business use to manage the acquisition of goods, services, or materials efficiently. raw materials, software licenses). Minimizing supply chain disruptions and compliance risks.

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Supply Chain Game Changer

MARCH 3, 2025

Operating a beach gear store in Florida demands careful planning and strategic sourcing to ensure that customers find exactly what they need for their seaside adventures. Inventory Management Strategies Effective inventory management is crucial for a Florida beach gear store to meet demand without overstocking.

Sourcing 52

Sourcing Distribution channels Inventory Supply 52

Procurement Insights

JANUARY 8, 2025

Considering the above, the following high-level comparison between ConvergentIS and SAP Ariba demonstrates how the agent-based model will be the dominant force that drives procurement and supply chain automation in 2025 and beyond. Target Audience: Organizations using SAP looking for customized, user-friendly solutions.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Networking Supply Chain Optimization 52