Spend Matters

MAY 1, 2025

We continue our Procurement Transformation Guide with a look at implementing an e-procurement transformation. Procurement has moved beyond a transactional function. It is now a strategic enabler of operational efficiency, cost savings and supplier innovation.

Real-time Visibility 77

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 77

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 98

Stakeholder engagement Management Procurement Influencing 98

ivalua

OCTOBER 17, 2022

Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain software solutions 130

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. For example, below are 5 reasons why procurement folks should attend S&OP Reviews.

Procurement 96

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 96

Spend Matters

JUNE 2, 2025

However, procurement plays a critical role in reflecting cost-saving initiatives, supplier contracts and spend management efforts in financial statements and budget planning. To align with financial reporting goals, procurement teams should: Improve spend visibility: Validate and accurately report procurement savings to finance.

Sustainability 69

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 69

Spend Matters

APRIL 15, 2025

Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

ivalua

JUNE 1, 2022

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Jaggaer

MARCH 7, 2025

In an era where digital transformation is reshaping industries, government procurement is no exception. Advanced technologies such as AI, automation, and predictive analytics are playing a pivotal role in optimizing procurement processes, enhancing transparency, and driving efficiency.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Arkestro

DECEMBER 26, 2024

While these advancements have led to improved efficiency, cost savings, and enhanced strategies, theyve also made procurement processes more complex than ever before. Staying on top of the ever-changing procurement landscape in 2025 is paramount to staying competitive. trillion , a 9.3% increase from 2024.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

ivalua

JULY 8, 2020

As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis. Transparency, or ability to scale data, across an organization.

Agile and Lean Supply Chain 26

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 26

Spend Matters

MAY 27, 2025

Finance and procurement play critical roles in shaping an organizations financial health and operational efficiency. This series shapes a five-phase approach to aligning finance and procurement. Organizations must eliminate disconnected data systems so that financial statements automatically reflect procurement-driven savings.

Real-time Visibility 82

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 82

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

Procurement Insights

JANUARY 3, 2025

Analytics and insights from procurement data were minimal. 20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management.

Agile and Lean Supply Chain 52

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

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. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

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

Procurement Software

JANUARY 26, 2025

Increasing inflationary cost pressures, more supply chain disruptions, and the imperative for more transparency to satisfy Corporate Social Resposibilty (CSR) directives, or recent legislation in countries like Germany and Norway. Category Managers will be freed up to spend more time on execution rather than data gathering.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Category management Agile and Lean Supply Chain 52

Arkestro

NOVEMBER 12, 2024

However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Procurement Tactics

OCTOBER 13, 2022

A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is. Assess and calculate the costs of procurement. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

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

Procurement Tactics

NOVEMBER 23, 2022

It includes easy access to capital and markets, increased profits, improved brand image, gaining more customers, and better decision-making and risk management processes. . What is Sustainability in Procurement? Typically, corporate social responsibility is usually brought up when companies talk about sustainable procurement. .

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Planergy

MARCH 18, 2025

How better management in AP can give you better flexibility for cash flow management. Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers. Efficient supply chains play a major role in keeping schools running smoothly.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 52

Spend Matters

APRIL 23, 2025

Spend Matters asked him to revisit his earlier theme of creating a digital transformation roadmap and update those insights to reflect his current focus expansion into AI and human augmentation for the Spend Matters Digital Procurement Transformation Survival Guide. Heres what he had to say.

Procurement team 74

Procurement team Procurement Data Sourcing 74

Spend Matters

FEBRUARY 22, 2024

With the advent of AI, and especially generative AI within that broader term, and the continued globalization of supply chains, the pace of change has sped up, forcing businesses and workers to adjust quickly. That alone increases efficiency,” he continued. It’s no longer good enough to focus on just one area.

Supply Chain Efficiency 113

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 113

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

TYA Suite

OCTOBER 27, 2024

It encompasses a range of features aimed at managing the acquisition of goods and services efficiently. This software helps organizations manage supplier interactions, streamline procurement workflows, and ensure compliance with company policies and regulations.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Spend Matters

APRIL 16, 2025

Interviews Expanding the influence and impact of Procurement a case study featuring Ron Schnur at Utz 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.

Procurement 102

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 102

Planergy

MAY 8, 2025

4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. Nearly 50% of teams still report productivity slowdowns due to manual data entry, though 43% of leaders are prioritizing change. [4] In 2025, this is finally starting to shift at scale.

Strategy 52

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

TYA Suite

MAY 13, 2025

The main goal of operational procurement is to ensure that the right products and services are available when needed, at the best possible cost, with minimal waste or delays. This step often begins with employees or departments noticing a shortfall, whether its raw materials for production, office supplies, or maintenance equipment.

Procurement 40

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 40

ivalua

MARCH 16, 2022

Watch our Webinar Replay to find out more about the GAPS identified by PwC and some practical tips on how Procurement can take advantage of and help support changing C-level priorities. . The Digital Procurement Survey results established that Procurement’s priorities have shifted due in a post-COVID-19 world.

Procurement 130

Procurement Risk management Procurement team Risk 130

ivalua

OCTOBER 27, 2020

Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. The deployment of Ivalua’s platform has been tightly integrated with JFC’s backend SAP ERP systems to ensure seamless flow of information and maximum automation.

Supply Chain Efficiency 26

Supply Chain Efficiency Chief Procurement Officer Procurement Networking 26

Spend Matters

APRIL 30, 2025

In it, Pierre Mitchell and Bertrand Maltaverne from Spend Matters, Piotr Pierzak from Novartis and Sudhir Bhojwani from ORO Labs explored how orchestration is becoming a strategic imperative for procurement leaders and what it looks like in practice across technology and operations. This fragmentation is not just operational; it is strategic.

Suppliers 83

Suppliers Management Real-time Visibility Agile and Lean Supply Chain 83

NLPA (Next Level Purchasing Association)

AUGUST 28, 2024

Supplier onboarding is a critical process in procurement and supply chain management, directly influencing efficiency and performance. A well-structured system ensures compliance, reduces risk, and fosters strong supplier relationships, ultimately enhancing departmental operations.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Supply chain Suppliers 52

ivalua

APRIL 27, 2023

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Gaps and dysfunction in the supply chains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.

Supply Chain Efficiency 130

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

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. According to Supply Chain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Procurement Templates

MARCH 3, 2024

Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Jaggaer

MAY 7, 2019

To address such risks, the Bank Recovery and Resolution Directive (BRRD), which gives central banks the power to intervene if a failing bank poses a public risk, is being adopted into national law of European Union member states. Procurement teams, therefore, have a vital role to play. Download it here now.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Spend management 75

Procurement Templates

JUNE 18, 2023

ChatGPT Procurement departments can take several steps to manage inflation effectively. Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130