Spend Matters

JANUARY 16, 2024

Spend analytics not only identifies inefficiencies in spend but also informs strategic sourcing priorities, aligning procurement strategies with broader organizational goals. The strategic use of spend analytics transforms procurement from a reactive cost center to a proactive value driver.

Procurement solutions 104

Procurement solutions Procurement Spend management Supply Chain Optimization 104

Procurement Software

MARCH 16, 2025

Reduction in Admin Tasks and Data Entry Operational procurement processes require extensive administrative work, from entering supplier details in an ERP system, to processing purchase orders and reconciling invoices. Digital procurement solutions provide built-in analytics and reporting tools that simplify KPI measurement.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

ivalua

JULY 21, 2021

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.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

ivalua

FEBRUARY 17, 2020

Established in 2006 and privately held, Consus is a global procurement solutions integrator and services provider.

Supply Chain Efficiency 20

Supply Chain Efficiency Strategic sourcing Strategic sourcing Collaboration 20

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

ivalua

APRIL 2, 2019

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.

Sourcing 28

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 28

ivalua

SEPTEMBER 20, 2021

Redwood City, CA September 21 , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions , today announced that Asian Paints successfully deployed Ivalua’s Contract Management and Supplier Information solutions to enhance their strategic sourcing processes. Learn more at www.ivalua.com. About Durvah.

Contract 130

Contract Collaboration Sourcing Contract management 130

Spend Matters

SEPTEMBER 20, 2022

Categories: Analysis , P2P , Procurement Strategy & Planning , Spend Analysis , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis updates an analysis of Cirtuo, a strategy management solution. Rarely is it a module that helps define the proper approach to a category.

Strategy 74

Strategy Management Strategic sourcing Strategic sourcing 74

Spend Matters

SEPTEMBER 14, 2023

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.

Procurement 117

Procurement Supply Chain Efficiency Category management e2e 117

Procurement Insights

MARCH 23, 2025

Savings Potential: 5-10% via automation and strategic sourcing. Key Strategies for Achieving Higher Savings Digitalization and Automation : Implementing digital procurement tools can streamline processes and reduce administrative costs. billion), reflecting equipment maintenance needs (e.g., mixers, packaging lines).

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

ivalua

APRIL 2, 2019

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.

Sourcing 100

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

Procurement Insights

MAY 10, 2025

Quantitative ROI Benchmarks While specific ROI figures for Procurement Insights service are proprietary, industry benchmarks for advanced procurement analytics and advisory solutions show: Average ROI for procurement solutions: 6:1 (every $1 invested yields $6 in return).

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Planergy

MAY 8, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. .” “5 Procurement Best Practices to Improve Strategic Sourcing.”

Strategy 52

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

Una

AUGUST 30, 2022

In the P2P space, procurement professionals are already enjoying the benefits of automation including automatic replenishment, robotic process automation, trigger payments upon delivery, automated secure payments, and blockchain exchanges. How to Improve Strategic Supplier Relationship Management. Better customer service.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Arkestro

NOVEMBER 12, 2024

Suppliers are incentivized to keep prices favorable to themselves, and procurement teams can unknowingly pay more than they should for routine goods and services. The post Get Out of the “Bad Habits” of Traditional Procurement by Leveraging 21st Century Technology appeared first on Arkestro.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

CPO Rising

NOVEMBER 18, 2022

At the start of 2022, digital procurement solution provider, Simfoni announced that it had acquired EC Sourcing Group, a longstanding and prominent provider of strategic sourcing solutions.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Procurement solutions Sourcing 40

Procurement Tactics

JUNE 28, 2023

Furthermore, it enables businesses to implement strategic sourcing practices, strengthen their suppliers, and bargain volume of discounts through monitoring expenditure patterns and identification of cost drivers. These cost reductions are a great contributor to the improvement of an organization’s financial position.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Una

JANUARY 4, 2023

By joining a group purchasing organization, businesses can often save money on their purchases, streamline their procurement processes, and access a wider range of goods and services. Group purchasing can be used in conjunction with other procurement strategies , like strategic sourcing, for example.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

ivalua

SEPTEMBER 2, 2019

You need to get your house in order, and Procurement leaders can use the report as a stick to beat their own bosses and Boards with, to ensure that Procurement gets the resources it needs, at least to execute the more fundamental requirements outlined here. . The post EBA Guidelines – A Call to Action for Banking Sector Procurement?

Procurement 140

Procurement Contract Risk Suppliers 140

CPO Rising

NOVEMBER 28, 2022

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 […].

Strategic sourcing 40

Strategic sourcing Strategic sourcing Spend management Procurement solutions 40

Jaggaer

JUNE 28, 2024

Riyadh, Saudi Arabia, 11 June, 2024: JAGGAER, the global leader in strategic sourcing and procurement, has held a series of roundtables in Saudi Arabia and the UAE to address the top priorities for Chief Procurement Officers (CPOs).

Chief Procurement Officer 52

Chief Procurement Officer supply chain software solutions Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

APRIL 15, 2020

Fact: A digital procurement roadmap is a cornerstone of any procurement organization’s digitalization journey. But, it doesn’t have to be the deciding factor, the end all to be all or the absolute first step in an evaluation of digital procurement solutions.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Una

DECEMBER 6, 2022

We act as a true sourcing accelerator by working with you to discover value on two levels. First, we offer turn-key procurement solutions that empower you to achieve category quick wins that will prove the value of a GPO to your stakeholders. Una offers more than immediate, once-off savings.

Purchasing 98

Purchasing Procurement strategies Suppliers Risk 98

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Spend Matters

APRIL 4, 2024

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. Not all implementations are the same, however.

Procurement 113

Procurement Raw materials Risk management supply chain software solutions 113

Procurement Software

MAY 16, 2023

Medius Medius is a cloud-based procurement solution that offers a comprehensive set of modules to streamline purchasing processes. Medius Procurement Solutions is a comprehensive procurement platform that offers robust procure-to-pay and invoice automation modules.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Bonfire

APRIL 3, 2023

Not to mention, ERPs can’t connect you with the vendor communities and networks that sometimes come with a dedicated procurement solution, which means that fewer qualified vendors see and bid on your agency’s solicitations in the first place.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

TYA Suite

APRIL 13, 2025

It helps businesses track purchases, control costs, ensure compliance with procurement policies, and maintain proper records. Some key objectives of purchasing include: Reducing expenses through competitive pricing and strategic sourcing. Ensuring purchased materials meet required standards.

Purchasing 40

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

Una

OCTOBER 17, 2023

By joining a group purchasing organization, businesses can often save money on their purchases, streamline their procurement processes, and access a wider range of goods and services. Group purchasing can be used in conjunction with other procurement strategies , like strategic sourcing, for example.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Arkestro

JUNE 7, 2024

Dirk Meuzelaar Director of Global Strategic Sourcing at Provisur The Challenge The tediousness of adding new suppliers As a prominent player in the OEM space, Provisur has close and long-standing partner supplier relationships and views supplier performance as more important than savings. I want them to keep doing what they’re doing.”

Procurement 52

Procurement Procurement team Strategic sourcing Strategic sourcing 52

Procurement Insights

APRIL 9, 2025

Niche Within the ProcureTech Mix Positioning: Among 5,000+ ProcureTech solutions (ProcureTech100), Ramp fits the equation-based intake and orchestration model (8090% of providers), but its all-in-one blend (cards, procurement, AP) diverges from specialized S2P suites or supplier-focused tools (e.g., Nipendo pre-Amex).

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Spend management e2e Networking 59

Una

FEBRUARY 8, 2023

Implement an e-procurement system Implement an e-procurement system to automate the purchase process and reduce the time and cost of manual purchasing. Time equals money, which means the hours spent manually entering data into a spreadsheet is costing you more than you would spend on implementing an e-procurement solution.

Procurement 59

Procurement Negotiation Contract Strategic sourcing 59

Empowering CPO

JULY 17, 2023

Introduction to EmpoweringCPO and How Our Services Fit Into This Landscape EmpoweringCPO is at the forefront of this procurement revolution. We are a dedicated procurement services company that specializes in delivering tailor-made managed procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Arkestro

AUGUST 1, 2024

Rapid Implementation: With minimal training required (1-2 days for the procurement team and no training needed for suppliers), automotive companies can quickly integrate Arkestro into their existing processes, without having to integrate into their systems, to start seeing results.

Procurement 52

Procurement Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency 52

Empowering CPO

JULY 2, 2023

Managed procurement services can cover a vast range of functions – from sourcing and supplier management to purchasing, invoicing, and payment processes. These trends are not just shaping the future of managed procurement services, they are actively driving tangible changes in businesses today.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Spend analysis enables informed decision-making and strategic sourcing. Cloud-Based Procurement Solutions Cloud technology has made procurement systems more accessible, scalable, and secure. They also facilitate quicker contract retrieval and revision.

Supply Chain Efficiency 52

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