Spend Matters

JUNE 2, 2025

Tracking performance over time is key to measuring the business value the collaboration is delivers. However, procurement plays a critical role in reflecting cost-saving initiatives, supplier contracts and spend management efforts in financial statements and budget planning.

Sustainability 68

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 68

Jaggaer

MARCH 24, 2025

These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. Impact on Procurement: Spend analytics give CPOs visibility into spending patterns, supplier performance, and inefficiencies.

Procurement 52

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

Spend Matters

MARCH 11, 2024

At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week.

Procurement strategies 112

Procurement strategies Innovation Strategy Procurement 112

Procurement Insights

MAY 13, 2025

Analyst Backgrounds Analyst Primary Focus Pieter den Hamer AI strategy, maturity models, governance, and enterprise-scale AI roadmaps. Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation. Ramos: Generative AI can streamline supplier interactions (e.g.,

Procurement 72

Procurement Supply Chain Optimization Leadership Real-time Visibility 72

TYA Suite

MAY 23, 2025

Managing a successful supply chain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Improved efficiency and cost reduction A company's operations, efficiency, and lead times can be greatly improved via strong cooperation with its suppliers.

supply chain software solutions 40

supply chain software solutions Collaboration Supply Chain Efficiency Suppliers 40

Planergy

MAY 8, 2025

How to gain visibility and control of your indirect spend. 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.

Strategy 52

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

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Understanding Procurement Risk A. Introduction A.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Procurement Insights

APRIL 18, 2025

Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.

Price 75

Price Demand Supply chain Real-time Visibility 75

Procurement Tactics

OCTOBER 16, 2022

The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Financial management. Visibility of the workflow. Before the creation of ERP systems, the coordination of the involved parties in the project is time-consuming and takes a lot of effort. . CAD interface.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Jaggaer

APRIL 9, 2025

Direct material management oversees the sourcing, procurement, storage, and flow of raw materials, components, and subassemblies. This ensures just-in-time (JIT) or just-in-sequence (JIS) delivery to reduce inventory costs. Tools and methods used include real-time tracking, RFID, and AI-driven route optimization.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

TYA Suite

OCTOBER 27, 2024

With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Real-time tracking and reporting capabilities allow organizations to monitor the status of purchase orders, deliveries, and payments.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Insights

APRIL 3, 2025

Global Reach, Real Impact Participants and speakers come from over 50 countries. Builds global community around procurement digitalization public sector, corporate, academia, and NGOs. Startup Acceleration & Visibility Provides a springboard for companies like Cirtuo, DeepStream, Archlet, Kodiak Hub , and ORO Labs.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Planergy

FEBRUARY 24, 2025

The Four Types of Procurement in Education Key Steps in the Education Procurement Process Who Benefits from Efficient Procurement? Indirect Procurement Indirect procurement covers support services and materials that enable institutional operations. Book a Live Demo 2.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Heads

MAY 3, 2023

It was presented to me as an opportunity and challenge at the same time in my very first role by the Managing Director I was reporting to at the time, this followed a two-and-a-half-year stint in front-line operations. It has actually allowed me to be able to educate people and give procurement a voice.

Real-time Visibility 130

Real-time Visibility Negotiation Price Procurement 130

Procurement Heads

MAY 3, 2023

It was presented to me as an opportunity and challenge at the same time in my very first role by the Managing Director I was reporting to at the time, this followed a two-and-a-half-year stint in front-line operations. It has actually allowed me to be able to educate people and give procurement a voice.

Real-time Visibility 130

Real-time Visibility Negotiation Price Procurement 130

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Data-driven Decision Making In today’s data-driven world, the role of data in procurement has become increasingly significant.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Improved data accuracy: Digital systems reduce the risk of human errors, ensuring accurate data for better decision-making.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

TYA Suite

SEPTEMBER 25, 2024

However, the is fraught with risks that can impact a company’s bottom line and operational efficiency. Effective procurement risk management is essential to ensure smooth operations and safeguard the organization’s interests. Understanding these risks is the first step toward effective procurement risk management.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40

World of Procurement blog

MAY 8, 2024

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. How can procurement help achieve those aims through better supplier relationships and spending optimization?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

MAY 14, 2024

Key Takeaways: Why we need Intake and Procurement Process Orchestration Streamlining of Procurement Process: Process orchestration simplifies the intricate procurement process by automating and integrating each step from intake to procurement, ensuring operational efficiency and strategic alignment with business objectives.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Data Integration and Visibility: Connecting disparate data sources, such as procurement systems, supplier databases, and financial records, to create a centralized and holistic view of procurement activities.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Skill Dynamics

OCTOBER 19, 2023

For example, advanced strategic planning skills are relevant to procurement managers, while data analysis proficiency is associated with sourcing analyst roles. Role-based training personalizes the best procurement strategies to meet specific challenges. Seamless communication and collaboration between procurement teams.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment.

supply chain software solutions 52

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

Empowering CPO

JUNE 27, 2023

At EmpoweringCPO, we recognize the transformative impact of spend analysis and are committed to delivering exceptional services and offerings to empower procurement professionals. With our deep expertise in the field, we enable organizations to harness the true potential of their procurement data.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Empowering CPO

JUNE 25, 2023

It’s a delicate balancing act, where businesses must juggle quality, cost, supplier relationships, and risk management, all while keeping an eye on their bottom line. As such, procurement plays a critical role in a company’s operational efficiency, financial performance, and overall competitiveness.

Procurement 52

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

Empowering CPO

JUNE 16, 2023

Brief Overview of Spend Analysis Spend analysis is a process that involves collecting, cleansing, classifying, and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance. In essence, spend analysis empowers procurement teams to turn data into strategic action.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Pipefy

JUNE 14, 2023

Spend analysis in procurement provides teams with actionable insights and improvements to optimize existing procurement processes, reduce costs, increase efficiency, generate bottom-line business value, and grow competitive advantages. Spend analytics creates the visibility procurement teams need to complete a spend analysis.

e2e 52

e2e Real-time Visibility Contract Procurement team 52

Empowering CPO

JULY 5, 2023

In an age where business operations are becoming increasingly digitized, procurement is no exception. Integrating technology into procurement processes is not just about keeping up with the times; it’s about realizing the potential for enhanced efficiency, accuracy, transparency, and strategic decision-making.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Empowering CPO

JUNE 30, 2023

The advantages are multifaceted – cost savings, improved efficiency, access to expert knowledge, risk management, and the ability to focus on core business functions, to name a few. A procurement function that is not just managed, but truly empowered. The result? Let’s break it down.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

Empowering CPO

JULY 3, 2023

It has evolved to managing risks, fostering innovation, promoting sustainability, and contributing to the overall business strategy. Traditional procurement methods, while effective in the past, are now facing challenges in the face of this changing landscape. Another crucial aspect of our innovative approach is data.

Innovation 52

Innovation Strategy Procurement Management 52

Empowering CPO

JULY 16, 2023

These services deliver crucial benefits, including cost reduction through strategic sourcing and volume pricing, enhanced supplier performance through rigorous selection and management, improved compliance to regulations, and minimized risk of supply chain disruptions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

World of Procurement blog

MAY 23, 2024

Delivery performance - Measure on-time delivery rates and lead times for each supplier. Reliable, on-time delivery is essential. Spend time getting to know prospective suppliers' operations, capabilities, and roadmaps when selecting preferred partners. Track on-time delivery, quality, responsiveness, and other KPIs.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Empowering CPO

JUNE 27, 2023

It involves collecting, categorizing, and analyzing procurement data from various sources such as purchase orders, invoices, and contracts. It enables organizations to identify potential savings, negotiate better pricing, and implement cost-effective procurement strategies.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 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