Spend Matters

APRIL 17, 2025

Level 2: The smart optimizations Medium-effort AI for deeper insights Once the basics are in place, procurement teams can move up the AI ladder to more sophisticated use cases. From there, procurement teams can gradually scale up to more complex applications that drive deeper insights and business transformation.

Strategy 97

Strategy Real-time Visibility Procurement Procurement team 97

Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

Procurement 113

Procurement Competitive analysis Strategic sourcing Strategic sourcing 113

SCMDOJO

JANUARY 9, 2025

Innovative Solutions: Enhancing Procurement Efficiency While strategic sourcing focuses on supplier relationships and long-term goals, innovative solutions bring technology-driven efficiency and insight to procurement processes. Moreover, early warnings allow procurement teams to take pre-emptive actions, ensuring continuity of supply.

Strategic sourcing 96

Strategic sourcing Strategic sourcing Sourcing Procurement 96

Supply Chain Brain

OCTOBER 8, 2024

DPW predicts that 2025 will see a concerted drive towards a digital revolution in procurement, signaling a shift from operational technologies to more strategic, relationship-driven solutions.

Procurement team 115

Procurement team Procurement 115

Procurement Leaders

JUNE 20, 2023

Every year, Procurement Leaders’ research team explores category planning for the next 12 months. There is a vigorous debate in the world of procurement about the speed at which we transform categories. In previous years, we have looked at competitive pressures, market dynamics and savings forecasts.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Spend Matters

DECEMBER 23, 2024

By automating routine tasks, procurement teams can focus on strategic initiatives, which appeals to CFOs and finance teams. Customers use Onventis to consolidate suppliers and negotiate better terms. Risk reduction: The platforms compliance features (e.g., GDPR alignment, secure data storage) reduce organizational risk.

Procurement 123

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 123

All Things Supply Chain

SEPTEMBER 9, 2019

Procurement teams have a growing responsibility within organisations. Cost and quality will always play a huge part across the function (for both direct and indirect categories) but creating value and…

Innovation 240

Innovation Supply chain Procurement team Quality 240

ProcurePort

MAY 27, 2020

Determining how much total money spent in the last year, identifying vendors and managing their relationships, and listing out the various categories of products and services purchased are daunting tasks to any procurement team. The post Your 5-Step Procurement Spend Analysis Template appeared first on ProcurePort Blog.

Procurement 254

Procurement Procurement team Purchasing Management 254

ProcurePort

SEPTEMBER 20, 2022

Such circumstances make it important for procurement teams […]. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • In other cases, demand far outweighs supply, making it hard for buyers to negotiate.

Buyers 246

Buyers Negotiation Purchasing Strategy 246

ProcurePort

AUGUST 31, 2021

With the increasing adoption of technology in procurement, many Chief Procurement Officers (CPOs), accounts payable teams, and suppliers are turning to electronic invoicing as a viable solution to the issue of invoicing in a digital era. Digital transformation is taking center stage as procurement teams look […].

Chief Procurement Officer 245

Chief Procurement Officer Procurement team Procurement Suppliers 245

ivalua

FEBRUARY 10, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Spend Matters

MAY 13, 2025

Yet within many procurement functions, a fundamental question persists: Are we truly prepared to lead in this AI-powered future? To address this shift, ProcureAbility has partnered with dSilo.AI to co-author our latest Insights whitepaper, The Future of AI in Procurement.

Real-time Visibility 68

Real-time Visibility Procurement Procurement team Strategic sourcing 68

ivalua

JANUARY 8, 2023

For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The new set of regulations add an additional layer of compliance and risk management to the procurement process. The post What does the German Supply Chain Act Mean for Procurement?

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Spend Matters

MAY 1, 2025

Key steps for e-procurement transformation Step 1: Strengthening procurement processes before automation Automation is only as effective as the processes it supports. Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies.

Real-time Visibility 75

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 75

Spend Matters

APRIL 23, 2025

Their hands-on experience ensures that everything described here comes directly from people in the trenches procurement professionals facing these challenges daily. So our journey began with a pressing question: How should procurement teams digitally transform?

Procurement team 72

Procurement team Procurement Data Sourcing 72

Spend Matters

MAY 14, 2025

Procurement teams that manage direct materials sourcing continue to face persistent challenges, even as digital tools become more widely adopted. This Spend Matters Vendor Analysis gives an overview of LightSource, a sourcing solution built for direct materials.

Sourcing 80

Sourcing Buyers Procurement team Bidding 80

ivalua

MAY 31, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

RPF360

NOVEMBER 3, 2022

Does your procurement team take requests? Listening to and serving stakeholders is a big part of creating a successful procurement team. Fortunately, a procurement request form makes it easy for stakeholders to initiate a project and engage with procurement.

Procurement 195

Procurement Procurement team Management 195

Spend Matters

JANUARY 8, 2025

As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources. Zips value proposition is to provide requesters and stakeholders with an intelligent, intuitive front-end to their ERP or P2P.

Market analysis 113

Market analysis Procurement team Sourcing Buyers 113

Spend Matters

MARCH 25, 2025

Identifying key stakeholders Procurement operates within a complex ecosystem where multiple internal and external stakeholders hold different levels of influence. Internally, procurement teams must collaborate closely with finance, IT, legal and operational leadership, each with distinct priorities and decision-making authority.

Stakeholder engagement 96

Stakeholder engagement Management Procurement Influencing 96

ABC of Procurement

NOVEMBER 22, 2024

However, I rarely find remote procurement teams. The post Remote work in Procurement first appeared on ABC of Procurement. We live in an era of Remote work. Is there a real reason for it?

Procurement 147

Procurement Procurement team 147

Spend Matters

MAY 14, 2025

The product (Guided Strategy Creation ) gives procurement teams a consistent way to define category strategies, document risks and objectives, and track results. It also helps procurement teams make the case for their work not just in savings, but in alignment, risk reduction and business impact. What is Cirtuo?

Category management 95

Category management Spend management Management Sourcing 95

Spend Matters

FEBRUARY 13, 2025

As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. ,

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

RPF360

AUGUST 25, 2022

How do you measure the success of your procurement team? Procurement KPIs quantify, capture and report the efficiency and effectiveness of the department. The post Procurement KPIs: How to quantify value and measure success appeared first on RFP360. By establishing key performance indicators.

Procurement 201

Procurement Procurement team Suppliers 201

Procurement Heads

NOVEMBER 14, 2022

The importance of the procurement team is more clearly recognised in some organisations and less so in others. Get an understanding of the perception of procurement and its engagement throughout the business.

Procurement 245

Procurement Procurement team Budget Import 245

RPF360

OCTOBER 6, 2022

Cost savings and cost avoidance are important strategies for procurement teams. Explore how you can differentiate between cost savings vs cost avoidance and see how you can reduce spend using both along with examples. The post Cost savings vs cost avoidance: What’s the difference? appeared first on RFP360.

Procurement team 197

Procurement team Strategy Import Procurement 197

Spend Matters

APRIL 28, 2025

Finance and procurement teams often face challenges such as vendor payment fraud, manual verification inefficiencies, data inconsistencies and the complexity of integrating multiple ERP and treasury systems.

Market analysis 90

Market analysis Risk Procurement team Buyers 90

SCMDOJO

OCTOBER 28, 2024

By understanding the S&OP process, procurement teams can make more informed decisions, improve supplier relationships, and support overall business growth. For example, below are 5 reasons why procurement folks should attend S&OP Reviews.

Procurement 91

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 91

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Spend Matters

APRIL 24, 2025

That is where AI comes in again, giving procurement teams the ability to map usage to value, tie tools to outcomes and course-correct before it is too late. Procurement itself is becoming AI-enhanced AI is also transforming the procurement process itself. However, spending alone does not equal value.

Procurement team 75

Procurement team Contract Negotiation Budget 75

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Its real-time insights allow procurement teams to respond swiftly and effectively to changing market conditions and component availability.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Procurement Insights

FEBRUARY 18, 2025

Without a solid foundation, technology alone cannot fix broken procurement functions. If procurement teams use inconsistent, siloed, or outdated data , AI-powered solutions will produce unreliable insights. Solution: Digitize and streamline procurement processes first before layering AI on top.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

Spend Matters

FEBRUARY 9, 2025

Heres why RapidRatings matters: To the market RapidRatings provides a financial risk analysis solution that evaluates suppliers’ financial health through detailed analysis of their financial statements, enabling procurement teams to assess and mitigate supplier financial risk effectively.

Risk 93

Risk Procurement team Suppliers Buyers 93

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. How JAGGAER Helps JAGGAERs ESG solutions help procurement teams integrate sustainability into their sourcing strategies.

Procurement 52

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

ivalua

FEBRUARY 8, 2023

Procurement teams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility. Why is visibility so important?

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Arkestro

DECEMBER 26, 2024

Procurement teams are already using AI-powered tools to analyze vast amounts of data to identify patterns, predict trends, and recommend actions. By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. trillion , a 9.3%

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52