Spend Matters

DECEMBER 15, 2023

Businesses will be prompted to forge new relationships with suppliers that align with their values, terminate relationships with suppliers falling short of new ESG benchmarks and prioritize renegotiating existing contracts with trusted suppliers to embed these new ESG commitments.

Procurement solutions 90

Procurement solutions Procurement Agile and Lean Supply Chain Contract 90

Spend Matters

DECEMBER 19, 2023

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Jag Lamba, Founder & CEO at Certa , provider of Supplier Management and Contract Lifecycle Management solutions and one of Spend Matters 50 Procurement Providers to Watch.

Procurement solutions 88

Procurement solutions Procurement Ethics Risk 88

Spend Matters

JANUARY 3, 2024

The most significant AI use cases will be those that are focused within specific verticals or functional areas, such as procurement. Applying AI to make supplier discovery more efficient and successful or gain immediate, deep insight on issues within a company’s existing supply base will really drive businesses to be more successful.

Procurement solutions 93

Procurement solutions Procurement Procurement team Budget 93

Spend Matters

JANUARY 19, 2024

CFOs and CPOs can really start the ball rolling here by encouraging their suppliers to adopt more sustainable practices — using intelligent digital technology to identify and engage with suppliers committed to such principles. All in all, that’s an outstanding story for procurement leaders to tell as they head into 2024!

Procurement solutions 96

Procurement solutions Procurement Sourcing Innovation 96

ivalua

JANUARY 18, 2022

Through the implementation of its best-in-class Source-to-Pay solution which ensures rapid and accurate purchase processing, Ivalua is pleased to support Parkland’s growth strategy by transforming its procurement processes. Ivalua is a leading provider of cloud-based Spend Management solutions.

Procurement solutions 130

Procurement solutions Sourcing Procurement Spend management 130

Spend Matters

DECEMBER 22, 2023

We’re working with customers on GenAI event creation, sourcing of upcoming renewals, policy adherence, autonomous negotiations, contract renewals, RFP scoring and supplier engagement. A GenAI solution that would delight the business user while collecting sourcing requirements, especially when lacking strong P2P compliance.

Procurement solutions 82

Procurement solutions supply chain budgeting Procurement Budget 82

Spend Matters

JANUARY 8, 2024

This is where AI can come into its own, allowing procurement to establish full price transparency and scrutinize vendor requests to determine whether price increases were overly inflated. Index-linked clauses with key suppliers can also be used to ensure fairness and balanced exposure for all parties.

Procurement solutions 72

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 72

Spend Matters

DECEMBER 21, 2023

In sourcing, the AI can rapidly analyze supplier options based on pricing, quality, sustainability and other factors to identify optimal partners, while also predicting performance to mitigate risk. AI-powered source-to-pay is the future At GEP, we leverage proprietary AI algorithms to streamline all procurement processes.

Procurement solutions 84

Procurement solutions Procurement e2e Real-time Visibility 84

Spend Matters

DECEMBER 27, 2023

This advancement will enhance the capabilities of procurement organizations, e.g., allowing for even more nuanced and context-aware negotiations, better decision-making and more personalized interactions with suppliers. For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider.

Procurement solutions 63

Procurement solutions Procurement Negotiation Procurement strategies 63

Spend Matters

JANUARY 22, 2024

Supplier collaboration becomes the cornerstone of corporate sustainability strategies In 2024, the landscape of corporate responsibility is undergoing a seismic shift, pivoting towards a holistic approach that places immense emphasis on environmental, social and governance (ESG) factors.

Procurement solutions 66

Procurement solutions Procurement Supply Chain Efficiency Sustainability 66

Spend Matters

JANUARY 18, 2024

In procurement, this means moving beyond chatbots to high-value uses of AI that provide hyper-personalized intake and onboarding experiences for procurement professionals, requestors and suppliers. For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider.

Procurement solutions 92

Procurement solutions Procurement Innovation Procurement team 92

Spend Matters

DECEMBER 13, 2023

They also recognize the need to take action along with their suppliers, with their customers and even with their competitors to build momentum and drive decarbonization. The future is collaborative, and companies must engage with their suppliers for a collective, data-driven approach to shaping a more sustainable world.

Procurement solutions 85

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 85

Spend Matters

JANUARY 16, 2024

As costs continue to spiral upwards and supply chain disruptions become the new norm, procurement leaders must grapple with the dual responsibility of achieving cost savings while considering broader strategic initiatives, such as risk management, sustainability and nurturing vital supplier relationships.

Procurement solutions 82

Procurement solutions Procurement Spend management Supply Chain Optimization 82

Pipefy

MAY 23, 2023

Savvy leaders are quickly adopting e-procurement solutions to lower the time, costs, silos, and strained supplier relationships that plague manual operations. The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation. Risk reduction.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Spend Matters

DECEMBER 29, 2023

Today, many companies validate supplier credentials and banking information at the end of the P2P chain, or just before the payment is sent. This is an important final step, but companies are exposed to fraud much earlier in the procurement process. The ‘shift left’ will be enabled by automatic account validation.

Procurement solutions 56

Procurement solutions Procurement Procurement team Buyers 56

Spend Matters

JANUARY 29, 2024

The post New Year Insights for the procurement solutions and services marketplace 2024: FRDM appeared first on Spend Matters. And read our series on Enabling supply chain transparency to combat forced labor and modern slavery. As always, reach out to discuss any of the above.

Procurement solutions 97

Procurement solutions Supply Chain Efficiency Procurement Supply chain 97

Spend Matters

OCTOBER 18, 2023

This year, our analysts identified three solution providers that have proven their potential to be considered best-in-class, one of which is SIM (supplier information management) and SDM (supplier discovery management) specialist Scoutbee. Our discovery solution was incredibly impactful and effective during Covid.

Procurement solutions 95

Procurement solutions Procurement Suppliers Management 95

Spend Matters

DECEMBER 14, 2023

For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider. The post New Year Insights for the procurement solutions and services marketplace 2024: The Smart Cube appeared first on Spend Matters.

Procurement solutions 73

Procurement solutions Procurement Procurement team Data 73

Spend Matters

OCTOBER 24, 2023

“Onventis Buyer represents a powerful solution that streamlines and automates the entire procurement journey, from the initial sourcing to the final payment to spend analysis. This system also fosters seamless collaboration with suppliers within our extensive network.

Procurement solutions 89

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 89

Procurement Insights

JANUARY 17, 2024

Like my DND example, the benefits of addressing the procurement department’s needs would have been muted because of the previously unidentified conflict with the service department and suppliers’ objectives and processes. Where are potential misalignments of interests, and how do you address them?

Procurement solutions 67

Procurement solutions Procurement Vendor relationships Suppliers 67

ivalua

MARCH 13, 2019

This involves the perspectives of immediate stakeholders, agency leads and the general public, but it also includes the perspectives of suppliers participating in solicitations or seeking opportunities to work with the government. Too many contract officers struggle to work with Procurement solutions that have poor user interfaces (UIs).

Suppliers 100

Suppliers Contract Bidding Procurement 100

Spend Matters

DECEMBER 28, 2022

In no order of preference, other than by the date they dropped into our digital letterbox, today let’s hear from Costas Xyloyiannis the CEO of HICX, a supplier experience platform. This series will run from mid-December to mid-January, then our analyst will wrap up with his own take on the key themes that emerge. Read more. ).

Procurement solutions 83

Procurement solutions Procurement Procurement strategies Strategy 83

Spend Matters

AUGUST 15, 2022

Ensuring that an organization knows the suppliers it works with, has all required information on suppliers, and is up-to-date, is critical. Decisions about working (or not) with a supplier can be both straightforward and complex because not all suppliers require the same screening and attention. Read more. ).

Suppliers 88

Suppliers Spend management Procurement solutions Buyers 88

Procurement Tactics

JUNE 19, 2023

Management consulting firm Oliver Whyman reports that incumbent companies are currently being overshadowed by a total of 356 procurement startups that offer procurement solutions. One of the main reasons for this is that these businesses are digitalizing procurement solutions.

Procurement 201

Procurement Collaboration Procurement strategies supply chain software solutions 201

HICX

DECEMBER 12, 2023

The list, created by ProcureTech in association with Kearney, showcases the top 100 pioneering digital procurement solutions. CEO of HICX, Costas Xyloyiannis, says, “We’re driving a better experience for all suppliers. In doing so, major brands are thinking differently about suppliers and helping them succeed.

Procurement solutions 52

Procurement solutions Suppliers Innovation Procurement 52

Empowering CPO

JULY 2, 2023

The procurement process, which involves sourcing and purchasing goods and services, plays a vital role in ensuring businesses operate efficiently and competitively. Yet, the intricacies of this process, especially in terms of supplier management, can present a myriad of challenges. This is where our blog post comes in.

Risk management 40

Risk management Risk Suppliers Management 40

ivalua

SEPTEMBER 27, 2022

Ivalua, a global leader in spend management today announced that Bahlsen, a leading supplier of sweet bakery products, has selected Ivalua’s Source-to-Pay (S2P) solution to digitalize its procurement processes. the company is one of the leading suppliers of sweet bakery products in Germany and across Europe.

Spend management 130

Spend management Procurement solutions Suppliers Procurement 130

World of Procurement blog

APRIL 23, 2024

This technology helps identify bottlenecks, optimize inventory levels, and improve supplier relationships. Spend Analysis Tools These tools collect and analyze procurement data, offering insights into spending patterns, supplier performance, and potential cost savings.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This technology helps identify bottlenecks, optimize inventory levels, and improve supplier relationships. Spend Analysis Tools These tools collect and analyze procurement data, offering insights into spending patterns, supplier performance, and potential cost savings.

Supply Chain Efficiency 52

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

SpendHQ

JULY 19, 2022

The post Creating A World Class Supplier Diversity Program: Ten Things To Consider appeared first on SpendHQ.

Suppliers 98

Suppliers Vendor management Procurement solutions Procurement 98

Procurement Tactics

JANUARY 5, 2023

A PunchOut catalog is an integrated e-procurement system that allows suppliers to promote goods and services to buyers through the supplier’s own procurement application or hosted e-procurement system. . Ultimate Supplier Plotting Checklist 2023. Ultimate Supplier Plotting Checklist 2023.

Buyers 179

Buyers Purchasing Suppliers Procurement 179

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. As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management.

Procurement 84

Procurement Risk management Raw materials supply chain software solutions 84

Spend Matters

FEBRUARY 6, 2024

Procurement solution providers are engaged in a race to implement GenAI in their solutions. However, there are multiple ways to embed GenAI in procurement solutions, from shallow to very advanced. Here are the six levels we have encountered that we have grouped into two main categories: co-pilots and agents.

Procurement 87

Procurement Procurement solutions Vendor management Contract 87

Jaggaer

DECEMBER 4, 2018

eProcurement solution providers like JAGGAER are leading the charge, developing sourcing solutions with the complexities and challenges of Freight Procurement in mind. JAGGAER’s Sourcing Optimization tool allows transportation companies to automate and evaluate high volumes of complex, conditional bids with multiple suppliers.

Procurement solutions 40

Procurement solutions Supply Chain Optimization supply chain budgeting supply chain software solutions 40

Spend Matters

JULY 27, 2022

Categories: Sourcing , Supplier Information Management , supplier networks , Supplier Performance , Supplier Risk and Compliance Management , Suppliers Tags: PRO Direct materials management is a hot market for procurement solutions with few specialists on the market.

Market analysis 87

Market analysis Sourcing Supplier relationship management Material management 87

ivalua

JUNE 29, 2022

With this in mind, our research found far too few European suppliers are being regularly assessed on sustainability practices, with less than a quarter (24%) seeing themselves routinely measured on carbon emissions. Measure suppliers on carbon emissions.

Strategy 130

Strategy Supply Chain Efficiency Sustainability Real-time Visibility 130

Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. Supplier Master Files have changed, he said. In every supplier base there are missing credits, he says, which can significantly impact the bottom line.

Procurement strategies 95

Procurement strategies Innovation Strategy Procurement 95