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New Year Insights for the procurement solutions and services marketplace 2024: Simfoni

Spend Matters

Redefining procurement in 2024: A quest from cost savings to strategic value creation Today, procurement leaders find themselves at a crossroads, torn between the age-old pursuit of cost savings and the imperative to infuse strategic value into their organizations.

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Rev Group Partners with Consus Global to Drive Supply Chain Efficiencies

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REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. ABOUT IVALUA .

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Instant Analysis: Simfoni Expands the Band, Announces Acquisition of Xeeva

CPO Rising

Simfoni Announces Xeeva Acquisition This morning, Simfoni, a digital procurement solution provider, announced that it had acquired Xeeva, a spend management and procurement technology provider. According to […].

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Asian Paints Successfully Digitizes the Source to Contract Process in Collaboration with Ivalua & Durvah

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Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. This deployment is another significant step forward in the digital transformation of their overall supply chain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials.

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — SAP

Spend Matters

This week we spoke with Baber Farooq, Senior Vice President and Head of Market Strategy for SAP Procurement Solutions. Over the last few years, life has been an adventure for procurement professionals. Strategic sourcing remains critical, especially given our inflationary environment.

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Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

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Supply chain efficiency and effective strategic sourcing in support of our operations and clients are critical to achieving our objective,” said Mike Curtis, Vice President and Chief Procurement Officer at Pacific Drilling. Consus has been rated amongst the top 10 Procurement service providers by APAC CIO Outlook Forum.

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Q1 2024 Insider roundup: A deep dive into AI; following procurement tech market movements; updated coverage of 18 vendors

Spend Matters

In this quarter, the Spend Matters analyst team builds on this foundation by giving an overview of how vendors have implemented GenAI in their solutions. Halo Ai addresses third-party risk management problems by consolidating supplier data into one platform with the goal of becoming a one-stop-shop for TPRM.