ivalua

JULY 3, 2025

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. It also includes travel and consultant spend.

supply chain budgeting 130

supply chain budgeting Procurement e2e Agile and Lean Supply Chain 130

Procurement Software

JULY 6, 2025

Reduction in total cost of ownership: Purchasing energy-efficient machinery despite higher initial capex; buying higher-specification spare parts that reduce overall consumption and increase machinery uptime; near-shoring the supply chain to reduce stock-outs, optimise transport costs, and free up cash tied in excess inventory.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Procurement Software

JUNE 1, 2025

Strategic sourcing It continues to drive value creation. But modern sourcing requires less manual analysis and more strategic thinking. They understand product development cycles, marketing strategies, and operational challenges. These create transparent supply chain tracking mechanisms.

Procurement 52

Procurement Agile and Lean Supply Chain Category management Procurement team 52

TYA Suite

MAY 13, 2025

Data-driven decisions help organizations secure better deals and establish more strategic partnerships with suppliers. Over time, these enhanced collaborations improve supply chain stability and can even lead to co-innovation opportunities. Is operational procurement part of the supply chain?

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

IBM Supply Chain Blog

JANUARY 16, 2024

To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. These seven stages of product development are: 1.

Product development 74

Product development Strategy supply chain budgeting supply chain software solutions 74

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement 130

Procurement Supply Chain Efficiency Raw materials supply chain budgeting 130