ProcurePort

JUNE 17, 2020

Did you know that 80% of the transactions in a typical American procurement department are tail spend? Father of Modern Management, Peter Drucker once said, “You can’t manage what you don’t measure.” The post Using Tail Spend Management to Your Procurement Advantage appeared first on ProcurePort Blog.

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Spend management Management Procurement 130

ProcurePort

SEPTEMBER 23, 2021

Imagine this: an enterprise has locations in Chicago, San Francisco, Florida, and Seattle, and is utilizing traditional, paper-based processes for its expense management and procurement. This process is time-consuming, inefficient, and doesn’t allow for a comprehensive, 360-degree view on spend management.

Spend management 130

Spend management Management Purchase orders Purchasing 130

Planergy

MAY 25, 2023

How better management in AP can give you better flexibility for cash flow management. Proper spend management also includes tracking and controlling company-wide spending, including procurement costs. A dedicated spend management platform, like Planergy, will add additional vendor management features.

Spend management 52

Spend management Management Purchase orders Budget 52

ProcurePort

JUNE 3, 2021

While this statement may be a little reductive in its nature, it is certainly the truth when it comes to procurement. Procurement revolves almost entirely around spending as a business activity. The post Spend Management – What is it and how is it Changing in 2021? appeared first on ProcurePort Blog.

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Spend management Management Procurement Contract management 130

Spend Matters

MAY 8, 2023

Categories: Conferences , Spend Management Tags: PRO The question of how to manage direct materials can yield polarized answers and requires deeper evaluation than simply evaluating a few narrow use cases. The specific processes and needs involved may include upstream (i.e., Tomorrow — what is expected to come next?

Spend management 76

Spend management Management Real-time Visibility Collaboration 76

Una

AUGUST 24, 2022

Episode 79: User-Centric MRO Spend Management with Mike Franz. As a manufacturing “triple threat,” Mike is now using his broad experience to transform the way small to medium sized manufacturers address their MRO spend by acknowledging changes in consumer expectations. By Kelly Barner | August 24, 2022.

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Spend management Management Buyers Purchasing 98

Una

OCTOBER 11, 2022

Amplify Your Business Spend Management Strategies with a GPO. Our team is dedicated to empowering procurement and technology professionals to make the best sourcing decisions for their organizations while saving money, time, and effort. Top category savings to amplify your business spend management strategies.

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Spend management Management Real-time Visibility Purchasing 97

Procurement Insights

SEPTEMBER 23, 2023

Originally Posted on August 4, 2009 “Progressive business intelligence in key areas such as Spend Management should not only tell you where you have been but also where you are or where you should be going on an adaptive basis. ” The above is an excerpt from my 4-part seminar series, The Changing Face of Procurement.

Spend management 68

Spend management Management Innovation Data 68

Spend Matters

JULY 17, 2022

We have explored where sustainability fits into the Procurement agenda, and how Procurement can embed sustainability into its processes, which has led to an exploration of how spend analytics can be applied to help an organization fulfil its sustainability goals.

Spend management 72

Spend management Sustainability Procurement strategies Management 72

Procurement Tactics

JANUARY 8, 2023

33 Procurement Interview Questions in 2023. Sustainable Procurement Analysis — The Ultimate Guide. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. In this article, we will discuss what sustainable procurement analysis is. Download Whitepaper →. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

ProcurePort

JULY 19, 2019

In the days of paper-based procurement, tracking and evaluating spend was a labor-intensive process. Despite the antiquated ways of the past, Digitalist Magazine reports procurement executives are overly hesitant when it comes to embracing new technologies such as spend management software.

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Spend management Management Procurement 100

ivalua

DECEMBER 15, 2022

Ivalua, a global leader in spend management , and Capgemini, a global IT services and consulting firm, today announced that after a comprehensive evaluation of available technology solutions, the Volkswagen Group has chosen Ivalua’s platform to digitize its global indirect procurement processes for the Group’s entire brand portfolio. “We

Supply Chain Efficiency 246

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Spend management 246

Barkers Procurement

MAY 25, 2023

Discover the key strategies and best practices for effective tail spend management. With social and economic factors impacting inflation and with many organisations having a fundamental shift in priorities as sustainability and social responsib ility increases , there are greater challenges being placed on Procurement.

Spend management 52

Spend management Import Management Eprocurement 52

Art of Procurement

JULY 11, 2023

The post Surviving Economic Challenges: Procurement’s Role in Strategic Spend Management appeared first on Art of Procurement. There’s a savings pendulum that swings, and it tends to swing one way or another. During COVID, a lot of.

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Spend management Management Procurement Contract 40

Art of Procurement

FEBRUARY 19, 2023

The post [Pod] Direct Spend Management and the Ultimate Darwinian Sport w/ Keith Hartley appeared first on Art of Procurement. “If a company cannot purchase enough materials or parts to make a product, they can’t generate revenue.

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Spend management Management Purchasing Procurement 59

ProcurePort

AUGUST 7, 2019

Sourcing has always been an opaque part of the procurement process. That’s where spend […]. That’s where spend […]. The post 6 Ways that Spend Management Software Improves the Process appeared first on ProcurePort Blog. In the modern age of globalization though, efficiency is the number one priority.

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Spend management Management Sourcing Suppliers 100

ivalua

JULY 14, 2022

Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. A full 84% of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to-date.

Supply Chain Efficiency 244

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 244

Spend Matters

JULY 25, 2022

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers , Source to Pay , Spend Management , Supply Management , Technology Tags: PRO I attended Coupa’s annual Inspire conference this year and was excited to finally attend a large event rather than just small meetings with clients and colleagues.

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Spend management Supply Chain Optimization Supply chain management Supply chain management 76

ivalua

AUGUST 21, 2022

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.

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Procurement strategies Sustainability Strategy e2e 240

ivalua

APRIL 20, 2023

Ivalua, a global leader in spend management , and its partner Axys Consultants today announced that Hutchinson has selected Ivalua’s eProcurement software to expand the scope of its currently implemented solution and meet its evolving procurement requirements. Redwood City, CA, 20 April 2023. Learn more at www.ivalua.com.

Eprocurement 130

Eprocurement Procurement Supplier relationship management Spend management 130

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

CPO Rising

APRIL 17, 2024

CPO Rising’s Technology Round-Up series continues this week with a focus on Accenture’s latest acquisitions and its growth strategy for Procurement Services.

Procurement 52

Procurement Spend management Innovation Supply Chain Optimization 52

ivalua

JUNE 14, 2023

Ivalua Spend Management Insights [ivory-search] Get Ready for Success! We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1.

Procurement 239

Procurement Change management Supply Chain Optimization supply chain budgeting 239

Spend Matters

AUGUST 9, 2022

Categories: Analytics , Procurement Strategy & Planning , Sourcing , Spend Management , Sponsored Article , Tail Spend Tags: Sponsored Article In today’s private equity (PE) environment, fund count has fallen precipitously relative to 2021, when deal flow was at a record-breaking high. million loss in Q2 2022.

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Spend management Management Procurement strategies Price 64

Procurify

JULY 21, 2022

Why companies should invest in spend management during a recession. Extending runway, aggressively monitoring costs, and locking down spend are the easiest and quickest ways for organizations to adjust to unexpected downturns. These actions fall into an emerging framework known as spend management.

Spend management 52

Spend management Management Budget Purchase orders 52

Spend Matters

SEPTEMBER 26, 2022

Categories: Analysis , Procurement Systems & Architecture , Spend Management , Supply Chain , Supply Chain Management , Trade Financing Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Trax, a Transportation Spend Management (TSM) solution.

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Spend management supply chain budgeting Supply Chain Optimization Management 65

Spend Matters

JANUARY 16, 2024

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. The strategic use of spend analytics transforms procurement from a reactive cost center to a proactive value driver.

Procurement solutions 83

Procurement solutions Procurement Spend management Supply Chain Optimization 83

ivalua

AUGUST 11, 2022

Redwood City, 11 August, 2022 – Ivalua, a global leader in spend management , today announced that Aegion Corporation, a leading provider of infrastructure maintenance, rehabilitation, and protection solutions, selected its platform to digitally transform procurement. Ivalua will also deliver implementation services.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement supply chain software solutions Spend management 130

Spend Matters

JANUARY 30, 2024

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. In particular, companies are streamlining their intake management process.

Procurement solutions 91

Procurement solutions Procurement Spend management Collaboration 91

ivalua

FEBRUARY 10, 2022

Redwood City, CA February 10, 2022 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Bravida Holding AB has selected the Ivalua platform to digitize the management of its direct and indirect spend. . Ivalua is a leading provider of cloud-based Spend Management software.

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Procurement team Procurement Spend management Sustainability 130

ProcurePort

DECEMBER 23, 2020

Every business is always looking for ways to maximize savings and streamline operations for better spend management. Source to settle and procure to pay are two processes that allow enterprises to do just this. The post Source to Settle vs Procure to Pay appeared first on ProcurePort Blog.

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Sourcing Procurement Spend management Management 130

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. About Ivalua. Markus Leutert.

Supply Chain Efficiency 130

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

ivalua

APRIL 11, 2022

Implementation of the project was led by Optis’ expert consulting team with support from Ivalua professional services, allowing TELUS to streamline their procurement processes through a simplified system that manages spend, ensures compliance, provides a rich catalog of products and services, and creates a full digital record of purchases.

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Procurement solutions Chief Procurement Officer Procurement Buying process 130

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

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Category management Management Procurement Supplier relationship management 52

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Procurement leaders are acting. The same applies internally.

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Agile and Lean Supply Chain Procurement Collaboration Supply Chain Efficiency 130