ivalua

MARCH 24, 2021

Most of the benefits that can be realized by manufacturing procurement organizations are gained through external collaboration with suppliers and partners – which ERP systems, internal portals, and Excel spreadsheets are not designed to handle. . Digitization Benefit #2: Strategic Sourcing Alignment.

Supply Chain Efficiency 130

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

Spend Matters

JANUARY 16, 2024

Redefining procurement in 2024: A quest from cost savings to strategic value creation Today, procurement leaders find themselves at a crossroads, torn between the age-old pursuit of cost savings and the imperative to infuse strategic value into their organizations.

Procurement solutions 76

Procurement solutions Procurement Spend management Supply Chain Optimization 76

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Contract 130

Contract Sourcing Suppliers Data 130

Una

AUGUST 17, 2022

A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. Taming Tail Spend. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. What is tail spend?

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

ivalua

AUGUST 17, 2021

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . What is Direct Procurement? Both are essential to the success of every business.

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Una

NOVEMBER 16, 2022

Centralized procurement means that all goods and services for the company are purchased at the headquarters level. The centralized procurement team scopes out the project, approaches the market, evaluates suppliers , negotiates a volume discount, and awards the contract to a single supplier. Longer delivery and turnaround times.

Procurement 98

Procurement Purchasing Procurement team Supplier negotiation 98

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

ivalua

APRIL 17, 2023

Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing.

Sourcing 130

Sourcing Procurement Leadership Suppliers 130

Una

DECEMBER 20, 2022

It typically involves a competitive process and will be overseen by procurement leaders or a cross-functional category team. A strategic sourcing strategy is key to ensuring vendors with the potential to deliver the most value. In turn, they should be effectively and consistently managed. Coding systems.

Management 98

Management Buyers Procurement team Contract 98

Pipefy

JANUARY 5, 2023

Companies that still rely on manual procurement processes are at a competitive disadvantage. That’s because manual procurement processes tend to be inefficient, fragmented, and error-prone. Fortunately for procurement teams, the shift from manual to digital procurement has never been easier or more cost-effective.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Una

JANUARY 17, 2024

Boosting Business Growth With the Help of a GPO How to Implement a Strategic Sourcing Process How to Manage Risk Using a Group Purchasing Organization Group purchasing organizations like Una aren't just about saving a few bucks here and there. They are the catalysts for a procurement value revolution.

Negotiation 52

Negotiation Purchasing Strategic sourcing Strategic sourcing 52

Una

JUNE 15, 2023

By Hugo Britt | June 15, 2023 Search Search The procurement office of Company A is a bustling place. The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Spend Matters

SEPTEMBER 14, 2023

Strategic sourcing remains critical, especially given our inflationary environment. Most surprisingly, in recently released research by Economist Impact sponsored by SAP, we have seen a dramatic shift in the market in terms of the need for better spend analysis capability. A recurring request is to reduce risk and contain costs.

Procurement 97

Procurement Supply Chain Efficiency Category management e2e 97

Procurement Software

MARCH 28, 2023

There may be an argument to say that departmental managers or subject matter experts (SMEs) who manage the suppliers could be considered “spend managers” too. What is a good benchmark for spend under management? World class, mature procurement teams will be above 90%. What is Maverick Spend?

Contract 52

Contract Purchasing Procurement team Purchase orders 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

Una

DECEMBER 6, 2022

Our team of Sourcing Advisors are here to provide support at every step of the way. We see ourselves as your partner in procurement and an extension of your procurement team. We provide guidance and advice to help organizations accomplish their strategic goals. Get new resources weekly! Related Posts.

Purchasing 98

Purchasing Procurement strategies Risk Suppliers 98

Empowering CPO

DECEMBER 2, 2020

As a result, in most of the companies this spend is often under managed as it demands more efforts and the rewards are low. Most of the time spot buying is done by the end user and not the procurement team. Leverage Our Procurement Services – One of the Leading Strategic Sourcing Company.

Management 52

Management Strategic sourcing Strategic sourcing Buyers 52

Procurement Software

FEBRUARY 27, 2024

They cannot be viewed as procurement technology, as they barely serve the needs of a modern procurement team. What is a source-to-pay suite? Source-to-pay software handles everything from the sourcing process, right the way up to invoice payment. Some S2P suites also offer contract management functionality.

Sourcing 52

Sourcing Contract management Price Procurement 52

Procurement Software

MAY 16, 2023

Medius Medius is a cloud-based procurement solution that offers a comprehensive set of modules to streamline purchasing processes. It offers the full range of functions you need from an end-to-end platform: Strategic Sourcing Contract Management Procurement Accounts Payable automation Payments and Supplie Management Actionable Data Insights.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How to report and analyze indirect spend to identify savings opportunities. What's Planergy? Download PDF What’s your goal today?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Planergy

MARCH 2, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.

supply chain budgeting 52

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

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. These modules can be purchased separately or as one complete suite.

Real-time Visibility 52

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

Una

JANUARY 4, 2023

By joining a group purchasing organization, businesses can often save money on their purchases, streamline their procurement processes, and access a wider range of goods and services. Group purchasing can be used in conjunction with other procurement strategies , like strategic sourcing, for example.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

Empowering CPO

JULY 17, 2023

In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and future growth. These challenges can put considerable pressure on procurement teams, leading to inefficiencies, cost overruns, and missed opportunities.

Procurement 52

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

Empowering CPO

JULY 17, 2023

In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and future growth. These challenges can put considerable pressure on procurement teams, leading to inefficiencies, cost overruns, and missed opportunities.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Planergy

DECEMBER 29, 2022

Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. Marketing Procurement: Challenges and Best Practices.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Una

OCTOBER 17, 2023

By joining a group purchasing organization, businesses can often save money on their purchases, streamline their procurement processes, and access a wider range of goods and services. Group purchasing can be used in conjunction with other procurement strategies , like strategic sourcing, for example.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Empowering CPO

JUNE 27, 2023

The company then analyzed spend data from all sources, comparing purchase order payment terms, prices, and quantities of inventory purchased from these vendors to competing vendors in the system. This not only led to cost savings but also resulted in an improvement in procurement processes.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Purchase orders Supply Chain Efficiency 52

Planergy

AUGUST 8, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Una

JANUARY 8, 2024

Financial value creation involves optimizing the moolah – revenue growth, cost management, and profitability. This is where procurement really shines through negotiating smart deals with suppliers, optimizing costs, and minimizing maverick spending.

supply chain budgeting 52

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

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . According to a report by Ardent Partners , 2022 savings targets for procurement teams is almost 19% lower than the last year. So, what are the common challenges purchasing managers face today, and how can they address them?

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Empowering CPO

JUNE 25, 2023

Secondly, data analytics has empowered businesses to make data-driven procurement decisions. Through tools like spend analysis, businesses can gain in-depth insights into their spending patterns, identify cost-saving opportunities, and drive strategic sourcing. But our solutions go beyond just technology.

Procurement 52

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

Procurement Software

MARCH 7, 2023

However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. P2P forms the later (or “downstream”, to use consultant jargon) stages of the S2P procurement process. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Procurement Software

MARCH 11, 2022

Procurement’s relationship with Finance often hits the rocks when we see inflexible, rigid definitions of what they would typically acknowledge as “savings”. Driving value through strategic sourcing and supplier collaboration. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Procurement’s relationship with Finance often hits the rocks when we see inflexible, rigid definitions of what they would typically acknowledge as “savings”. Driving value through strategic sourcing and supplier collaboration. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Planergy

JANUARY 26, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.

Risk 52

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