Remove Management Remove Strategic sourcing Remove Supply Chain Visibility
article thumbnail

Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

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.

article thumbnail

The AI advantage: Why procurement can’t afford to sit on the sidelines

Spend Matters

The days of relying solely on traditional processes to manage suppliers, contracts and spend are quickly fading. Supply chains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. Procurement is at a crossroads.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

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.

article thumbnail

Navigating the Top 3 Procurement Challenges in 2025

Jaggaer

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.

article thumbnail

Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

In the absence of communication, even the best suppliers can only deliver marginal value at best. For optimal effectiveness, supplier selection, contract management , and supplier development must be supported by consistent, streamlined, and transparent collaboration. Collaboration brings visibility and agility for gaining market share.

article thumbnail

Top 10 Supply Chain Consulting Firms in the World!

Supply Chain Game Changer

This is what we call Supply Chain as a Service, or SCaaS, and is what these (and other) expert firms can offer. McKinsey and Company McKinsey & Company is a global management consulting firm renowned for its expertise in supply chain management. Kearney A.T.

article thumbnail

Supply Chain Issues: Causes, Impacts & Mitigation Strategies

Finale Inventory

Discover how inventory planning software and improved lead time management can transform these challenges into competitive advantages. The 2025 Snapshot: Where Current Supply Chain Issues Stand Today's supply chain landscape presents significant challenges for businesses.