ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). Supplier Master Files have changed, he said.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

Zycus Cognitive Procurement

OCTOBER 20, 2022

In simple words, cognitive procurement is the process of using disruptive technologies such as artificial intelligence (AI) to assist with procurement. Cognitive procurement enables business users to achieve organizational excellence by: Improving decision making. Increasing procurement efficiency.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

ivalua

NOVEMBER 10, 2020

Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. e Procurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. .

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

Empowering CPO

JULY 5, 2023

We believe in the power of strategic sourcing and procurement to drive significant value across organizations. Our offerings, from spend analysis and sourcing support to contract and supplier management, are designed to optimize procurement operations, improve efficiency, and drive cost savings.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Best Supplier recommendations .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Arkestro

DECEMBER 12, 2022

Here are some challenges in health and pharma procurement—and how to overcome them. Limited Supplier Network. Relying on a limited number of suppliers can lead to back-orders and other delays. Supply Chain Visibility. Supply chain visibility is another critical issue. Managing Supplier Relationships.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

ivalua

NOVEMBER 10, 2020

Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. eProcurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. .

Sourcing 130

Sourcing Eprocurement Real-time Visibility Contract 130

Spend Matters

MARCH 25, 2024

Having led multiple projects to select and deploy technologies and worked both as a practitioner and a consultant, he knows the amount of time and effort procurement puts into finding a practical solution to help them run more efficiently, and that spurred his move to form iKinetiq. “A

Procurement contracts 112

Procurement contracts Contract Procurement Negotiation 112

Empowering CPO

JULY 3, 2023

MPS involve the outsourcing of procurement functions to a specialized third-party provider, offering a strategic approach to managing and optimizing organizational spend. These services often encompass a wide range of tasks, from supplier management and contract negotiation to spend analysis and process improvement.

Innovation 52

Innovation Strategy Procurement Management 52

Empowering CPO

JULY 16, 2023

Managed procurement services leverage expert knowledge and cutting-edge technology to not only simplify the procurement process but also to identify cost-saving opportunities, ensure supplier compliance, and manage risks.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Bonfire

APRIL 3, 2023

As public procurement partners, we speak to many procurement professionals at public sector agencies, and we frequently hear one common refrain—that they feel imprisoned by their ERP. For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Spend Matters

JUNE 19, 2023

I have seen top performers with catalog content that includes volume/promotional pricing, real-time price checks, multi-currency, multilingual and custom or specialty attributes for industry-specific inventory data, which were also embedded into shopping lists and more.

Procurement 79

Procurement Real-time Visibility Purchasing Inventory 79

Spend Matters

JUNE 19, 2023

Contract lifecycle management solutions are systems that automate the authoring, negotiation, execution, implementation, monitoring and renewal of B2B contracts (with an emphasis on supplier contracts). For more information on procurement tech, services and vendors consult Spend Matters comprehensive free directory.

Contract 89

Contract Management Negotiation Real-time Visibility 89

Empowering CPO

JULY 16, 2023

Managed procurement services leverage expert knowledge and cutting-edge technology to not only simplify the procurement process but also to identify cost-saving opportunities, ensure supplier compliance, and manage risks.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Procurement Software

MARCH 11, 2022

Procurement tools will plug those leaky holes in your spend with external suppliers. How can investing in digital procurement lead to a better P&L? And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Yet hardly any TRULY have a real grip on what they BUY.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Procurement tools will plug those leaky holes in your spend with external suppliers. How can investing in digital procurement lead to a better P&L? And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Yet hardly any TRULY have a real grip on what they BUY.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Spend Matters

JUNE 19, 2023

AP Automation/Invoice-to-Pay (AP/I2P) platforms are integrated solutions that automate and streamline the process of invoice capturing, matching, validation and approval and payments processing — sometimes known as buy-side electronic invoice presentment and payment (EIPP) processing. visibility, self-service, document exchange, etc.)

Buyers 69

Buyers Collaboration Suppliers Agile and Lean Supply Chain 69

Empowering CPO

JULY 2, 2023

If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Planergy

JANUARY 26, 2023

How to gain visibility and control of your indirect spend. The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality. Financial Risks Risks in this category range from an unexpected change in the exchange rate to supplier bankruptcy.

Risk 52

Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

Zycus Cognitive Procurement

JULY 27, 2021

Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Planergy

JANUARY 19, 2023

How to gain visibility and control of your indirect spend. Using ABC Analysis: Class A: These purchases account for 80% of your total cost of purchases for 20% of suppliers. Class B: These purchases account for 15% of the total cost of purchases for 30% of suppliers. How to Conduct Your Own Analysis?

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. This is where managed procurement services come into the picture.

Management 52

Management Procurement Real-time Visibility Ethics 52

Claritum

OCTOBER 3, 2017

As featured in the ‘ The 10 Most Innovative Procurement Solution Providers ’ article published in the September 2017 Insights Success Magazine , Claritum discuss the drive for a New Wave of Easy-to-use Procurement Products…. Optimizing Spend Visibility, Control, Cost Savings and process Efficiencies.

Real-time Visibility 32

Real-time Visibility Procurement Supply Chain Efficiency Supply Chain Optimization 32

Procurement Heads

JULY 27, 2022

Many buyers who have started their careers in the last 15 years haven’t been exposed to some of the real challenges where the cost of what you buy can rise by 5-10% every year. Do you predict any trends in the next 3-5 years in the UK for businesses that perhaps use overseas suppliers?

Buyers 130

Buyers Sustainability Procurement Real-time Visibility 130

Procurement Software

MAY 16, 2023

It requires a fast return on investment (ROI) and the solution must quickly prove its value to the business. Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. It may feel like P2P suites are the sole preserve of large enterprises with huge budgets.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Pipefy

NOVEMBER 24, 2023

According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization. This guide explores the ability of these solutions to improve business efficiency and reduce operational costs, surveys the many types of tools on the market, their benefits, and essential features.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Pipefy

JUNE 15, 2023

As businesses complete their digital transformation and move away from complex (and often manual) legacy systems, modern procurement solutions are rapidly replacing traditional methods. On-premise options have high upfront and maintenance costs compared to cloud solutions that use pay-as-you-go subscriptions without any investment.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Procurement Software

JANUARY 9, 2024

Paid Paid is one of the leading British procurement startups offering invoice financing automation. This facilitates a complete transformation of how businesses transact with long tail suppliers in the procure-to-pay (P2P) cycle. With Canopy, you can pull all the data about a supplier into a Vendor Master Record.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Supply Chain Efficiency 52

Una

AUGUST 30, 2022

Modern sourcing experts are more likely to point to Cloud-based , end-to-end procurement platforms, while those on the leading edge will list all sorts of disruptive technologies ranging from predictive AI to machine-learning enabled chatbots, IoT wearables, and more. Digital procurement game-changers. Better customer service.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Spend Matters

JUNE 19, 2023

What does a Spend Analytics solution do? Spend Analytics solutions provide a single view into all historic, current and planned supplier spending in order to improve that spending through better sourcing, compliance and demand management. normalizing/enhancing spend data for benchmarking), causal factor analysis (i.e.,

Real-time Visibility 79

Real-time Visibility Data e2e Quality 79

Pipefy

JUNE 14, 2023

Key takeaways Spend data is the information related to a company’s spending, specifically goods and services purchased from external suppliers or vendors. Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies.

Real-time Visibility 52

Real-time Visibility e2e Procurement team Contract 52

The Procuretech Podcast

SEPTEMBER 7, 2021

We kick off series 2 of The Procuretech Podcast with with a mini-series examining three different Supplier Relationship Management platforms. Why supplier performance data can't just be measured in hard KPIs. Was the company generally happy with the supplier's performance? Managing performance of direct vs. indirect suppliers.

Raw materials 52

Raw materials Import Supplier relationship management Real-time Visibility 52

Arkestro

MARCH 28, 2023

According to Spend Matter’s whitepaper, “ Procurement’s future is embedded platforms: introduction to predictive procurement orchestration ,” while many organizations have adopted digital technology, the transformation occurs more on the visibility level (i.e. Not just any procurement solution can claim to use PPO.

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Arkestro

MARCH 28, 2023

According to Spend Matter’s whitepaper, “ Procurement’s future is embedded platforms: introduction to predictive procurement orchestration ,” while many organizations have adopted digital technology, the transformation occurs more on the visibility level (i.e. Enter Arkestro, who utilizes Predictive Procurement Orchestration.

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52