Spend Matters
MAY 1, 2025
Key steps for e-procurement transformation Step 1: Strengthening procurement processes before automation Automation is only as effective as the processes it supports. Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies.
ivalua
JULY 15, 2025
Purchase Requisition vs. Purchase Order Confusion between purchase requisitions and purchase orders is common, even in well-established procurement teams. Each serves a different purpose in the procure-to-pay process and plays a unique role in maintaining control and accountability. But the distinction matters.
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TYA Suite
OCTOBER 27, 2024
For instance, businesses can quickly send out purchase requisitions, share order details, and inform vendors of any changes or delays, This ensures that both sides are on the same page, reducing misunderstandings and miscommunications that can lead to delays or disputes.
ivalua
JUNE 24, 2025
If your procurement team is juggling multiple ERP systems, you’re likely spending more time chasing data than driving strategy. All of which diminishes procurement’s impact across your organization. Instead, procurement teams bolt on spreadsheets and disconnected tools to manage RFx events or track compliance.
Jaggaer
MAY 16, 2025
From Order Fulfillment to Strategic Value Creation Partner This realization is relatively new and comes with a fundamental shift in how the role of procurement is understood. Looking back just 30 years, procurement was mainly seen as an ordering department. This is mainly due to historical reasons.
TYA Suite
MAY 23, 2025
The procure to pay process covers several stages from raising a purchase request to processing the invoice and paying suppliers. This workflow involves collaboration between procurement teams, accounts payable, and suppliers, with each step requiring timely execution and clear communication.
Procurement Insights
JUNE 16, 2025
Automated Best-Fit Sourcing: For non-strategic spend, AI agents will autonomously identify the “best-fit” supplier based on a multitude of real-time criteria (price, lead time, historical performance, sustainability scores, geographic proximity, risk profile), directly issuing RFQs/RFPs or placing orders with minimal human intervention.
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