Spend Matters

DECEMBER 21, 2023

The era of intelligent procurement We expect 2024 to be the year of intelligent procurement, driven by AI, automation and data analytics. Generative AI, in particular, offers transformative potential in optimizing source-to-pay processes. And the maximum value can be extracted from these new tools through strategic integration.

Procurement solutions 83

Procurement solutions Procurement e2e Real-time Visibility 83

Let's Talk Supply Chain

JUNE 5, 2023

Today I’m joined by Logward , an exciting tech brand with a vision of a future where supply chain departments lead the transformation of their industries, instead of simply transporting it. 22.23] A closer look at Logward’s Sourcing Solutions – what they do, the key features and benefits.

supply chain budgeting 59

supply chain budgeting supply chain software solutions e2e Supply Chain Optimization 59

Spend Matters

JUNE 19, 2023

What does an E-Procurement solution do? E-procurement solutions use an electronic interface to automate, guide and approve the purchase and reception of products and services. Expert analysts deeply vet solution capabilities prior to ranking inclusion. To learn more about the Spend Matters methodology, click here.

Procurement solutions 86

Procurement solutions Procurement supply chain budgeting Real-time Visibility 86

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business environment, procurement plays a crucial role in determining a company's efficiency, cost-effectiveness, and competitive edge. A significant driver of this evolution has been the integration of advanced technologies into procurement processes.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business environment, procurement plays a crucial role in determining a company's efficiency, cost-effectiveness, and competitive edge. A significant driver of this evolution has been the integration of advanced technologies into procurement processes.

Supply Chain Efficiency 52

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

Spend Matters

FEBRUARY 13, 2024

Neither oral nor text-based conversational AI (also known as conversational user experience [CUX] and conversational interfaces [CUI] the latter of which include chatbots) is by no means new, despite the relatively recent prolific uptake by procurement solution vendors. Continuously optimize the system based on the feedback.

Supply Chain Efficiency 84

Supply Chain Efficiency supply chain software solutions Procurement Supply Chain Optimization 84

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking is the process of monitoring and managing procurement activities. Procurement Tracking: Why is it Important?

Supply Chain Efficiency 178

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

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. 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

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

World of Procurement blog

APRIL 23, 2024

These digital disruptors are reshaping how procurement teams interact with stakeholders and enhance operational efficiency. In this era of the "fourth industrial revolution," it is crucial for organizations to re-evaluate and upgrade their procurement frameworks and supply chain technologies.

Innovation 52

Innovation Procurement Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

These digital disruptors are reshaping how procurement teams interact with stakeholders and enhance operational efficiency. In this era of the "fourth industrial revolution," it is crucial for organizations to re-evaluate and upgrade their procurement frameworks and supply chain technologies.

Innovation 52

Innovation Procurement Supply Chain Efficiency Supply Chain Optimization 52

ivalua

NOVEMBER 3, 2021

Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. One of the early objectives of Procurement was to optimize tail supplier management. Improve cash positions by optimizing the gross margin return on inventory.

Procurement 130

Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 130

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 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

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

Empowering CPO

JULY 17, 2023

From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line. MPS involves partnering with a specialized third-party provider to handle some or all procurement activities.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

ivalua

APRIL 2, 2019

Consus and Ivalua implemented and went live with the solution for Pacific Drilling in just two weeks. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. We look forward to contributing to their Procurement cost optimization initiative”. About Ivalua.

Sourcing 100

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

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. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

ivalua

SEPTEMBER 20, 2021

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. .

Contract 130

Contract Collaboration Sourcing Contract management 130

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. Procurement is no longer just about purchasing goods and services at the lowest cost.

Innovation 52

Innovation Strategy Procurement Management 52

Empowering CPO

JULY 17, 2023

Introduction In an ever-evolving business environment, successful procurement operations are key to keeping organizations efficient, competitive, and profitable. But what happens when businesses lack the resources, expertise, or time to manage procurement effectively? This is where managed procurement services come into play.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Empowering CPO

JULY 17, 2023

From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance. The Importance for Business Leaders For business leaders, grasping the concept and potential of Managed Procurement Services is pivotal.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

Arkestro

DECEMBER 12, 2022

The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Empowering CPO

JULY 2, 2023

Introduction In an increasingly complex global market, procurement services have become more than just a business necessity; they are a strategic linchpin that can significantly impact a company’s bottom line. At EmpoweringCPO, we believe in the power of smart procurement to drive business success.

Risk management 40

Risk management Risk Suppliers Management 40

Empowering CPO

JUNE 30, 2023

In an era where efficiency, cost-effectiveness, and strategic value are paramount, managed procurement services play a vital role. They allow organizations to concentrate on their core competencies, while experts handle the complex and time-consuming tasks of procurement. What Makes Up Managed Procurement Services?

Management 40

Management Procurement Supply Chain Efficiency Strategic sourcing 40

Spend Matters

MARCH 27, 2024

So where and how is this great leveller of procurement effectiveness being used in the real world (the practical) and how is it viewed by the CPOs and heads of procurement and supply chain who are on the front line fighting the daily efficiency battle. The actual cost of doing nothing may be quite substantial.

Procurement 81

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 81

Spend Matters

DECEMBER 19, 2023

With another busy year of procurement and supply chain events tidily packed away behind us, Spend Matters is pleased to provide a round-up of the main events we attended in 2023, with a short recap of each and key takeaways. He then went on to discuss the huge impact of tech on the supply chain industry.

Procurement 79

Procurement Supply Agile and Lean Supply Chain Supply Chain Optimization 79

Empowering CPO

JULY 2, 2023

Introduction In an increasingly interconnected and competitive business landscape, the role of procurement has transformed from a supporting function to a strategic powerhouse. Managed procurement services can cover a vast range of functions – from sourcing and supplier management to purchasing, invoicing, and payment processes.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

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

ivalua

MARCH 16, 2020

Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. As an international technology group with about 10,000 employees, Körber offers products, solutions and services that inspire. The goal was to increase efficiency across the Group’s Business Areas.

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Jaggaer

OCTOBER 22, 2020

Optimizing cost, in the order of a 20-25% reduction on the current situation, is therefore a must in order to survive. Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Planergy

JANUARY 19, 2023

As it often proves reliable when estimating outcomes, this concept is widely used by various industries attempting to maximize their efficiency. Pareto Spend Analysis is an incredibly useful tool for optimizing supply chain management processes, reducing costs, and improving overall efficiency.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Spend Matters

JUNE 19, 2023

Invoice processing The ability to maximize the accuracy, efficiency and timeliness of invoice processing and to resolve any issues/disputes with suppliers and internal stakeholders. Some support early payment adoption, cash management and working capital optimization to assist finance operations.

Buyers 69

Buyers Collaboration Suppliers Agile and Lean Supply Chain 69

Spend Matters

JUNE 19, 2023

They enhance registration, self-registration and profile management by using a network and connected sources to prefill certain fields and push updates to all parties on the network and by having a richer workflow engine to manage approvals and alerts efficiently and effectively. To learn more about the Spend Matters methodology, click here.

Suppliers 79

Suppliers Collaboration Buyers Supply Chain Optimization 79

Empowering CPO

JUNE 30, 2023

Introduction In an era where businesses are increasingly seeking efficiency, cost-effectiveness, and agility, the role of procurement has become more critical than ever before. This is where the concept of managed procurement services comes into play. The role of procurement services in businesses is multifaceted.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Una

JUNE 22, 2023

By managing the procurement process effectively, you can optimize your supply chain, reduce costs, and maintain strong relationships with your suppliers. Far too often, however, procurement departments are overworked and understaffed.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

ivalua

APRIL 2, 2019

Consus and Ivalua implemented and went live with the solution for Pacific Drilling in just two weeks. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. We look forward to contributing to their Procurement cost optimization initiative”. About Ivalua.

Sourcing 28

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 28