Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

TYA Suite

APRIL 13, 2025

APurchase Order Approval Workflowis a structured process that ensures every purchase request is reviewed, approved, and tracked efficiently before any money is spent. By automating and standardizing these steps, businesses save time, reduce errors, and maintain control over spending. What is a Purchase Order Approval Workflow?

Purchase orders 40

Purchase orders Purchasing Real-time Visibility Budget 40

Spend Matters

MAY 1, 2025

Approval workflow bottlenecks: Manual approvals cause delays, increasing cycle times and reducing procurement efficiency. Lack of visibility into budgets and contracts: Without real-time tracking, procurement teams risk exceeding budget allocations and violating contract terms.

Real-time Visibility 77

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

ivalua

JUNE 24, 2025

If your procurement team is juggling multiple ERP systems, you’re likely spending more time chasing data than driving strategy. Disconnected supplier records, inconsistent processes, and limited visibility can impair efficiency and open the door to shadow spend. Take supplier collaboration.

Procurement 130

Procurement Real-time Visibility e2e Procurement team 130

ivalua

JUNE 5, 2025

Key Takeaways Procurement vs Purchasing: Procurement is a strategic function focused on long-term value, while purchasing handles the tactical execution of buying. Aligning procurement and purchasing ensures efficiency, cost control, and reduced risk across the organization. What is Procurement?

Purchasing 130

Purchasing Risk Procurement e2e 130

Spend Matters

JANUARY 14, 2025

In addition, our customers track the percentage of purchase orders backed by approved spend. Approval lead time is another important metric. This fragmentation makes it challenging to maintain standardized procedures and creates obstacles in spend visibility and control.

Real-time Visibility 122

Real-time Visibility Procurement Budget Procurement team 122

ivalua

JULY 3, 2025

Key Takeaways Unified sourcing platforms help connect planning, sourcing, and spend visibility for both procurement types, driving efficiency and competitive advantage. Maverick spend – purchases made outside of approved channels – can quickly balloon, wasting budget and exposing the organization to unvetted suppliers.

supply chain budgeting 130

supply chain budgeting Procurement e2e Agile and Lean Supply Chain 130

ivalua

JUNE 9, 2025

Learn about Ivalua’s AI-powered virtual assistant and how it can help you save time, reduce risk and improve decision-making across the source-to-pay lifecycle. Inefficiencies are baked into the procurement process, wasting time and budget while leaving the door open to errors such as missed deadlines or incorrect orders.

Sourcing 130

Sourcing Procurement Real-time Visibility Procurement team 130

ivalua

MAY 2, 2025

Data Consistency and Accuracy: A single source of truth ensures that all AI agents draw from the same dataset—whether that’s supplier performance metrics, contract terms, purchase orders, or invoices. AI agents can then access real-time, high-fidelity information, boosting the reliability of their insights.

Procurement 130

Procurement Real-time Visibility Contract Data 130

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. Automated approvals, chat-based collaboration, and real-time notifications ensure that key stakeholders stay informed without inbox overload.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Express

MARCH 14, 2025

But keeping track of purchase orders, invoices, and spending can quickly become a headache, especially as your business grows. From creating purchase orders to processing invoices and tracking expenses, these solutions give you better control over your budget and ultimately, boost your bottom line. But heres the catch.

Real-time Visibility 52

Real-time Visibility Procurement Purchase orders Budget 52

Spend Matters

JUNE 24, 2025

Behind every chatbot interface or AI-guided shopping experience, procurement still must: Enable compliant purchasing. Generate accurate purchase orders (POs). Ensure timely fulfillment. In fact, that is where the most visible part of supplier engagement begins. Govern supplier selection.

Procurement 79

Procurement Budget Purchasing Contract 79

TYA Suite

OCTOBER 27, 2024

A well-integrated procurement management system facilitates the seamless execution of procurement activities, from requisition and purchase order creation to and payment. By streamlining the process of creating, approving, and monitoring purchase orders, this feature minimizes errors and human labor.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Jaggaer

DECEMBER 5, 2024

A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority. The Visibility Challenge: Why Seeing Clearly Matters A major insight from the report is the visibility gap, particularly with tier 2 and tier 3 suppliers.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 52

Finale Inventory

JULY 18, 2025

Modern cloud solutions have democratized access, making what is vendor managed inventory a pressing question for businesses seeking competitive advantage. The vendor managed inventory process reverses traditional ordering dynamics by empowering suppliers with real-time data.

Vendor management 40

Vendor management Inventory Real-time Visibility Management 40

SCMDOJO

JULY 4, 2025

This would be a significant cost-saving and time-saving mechanism for both the shippers, carriers, and logistics providers. It brings considerable time savings through its integration with popular ERP platforms like SAP and Oracle. All this happens right after receiving the invoice, vastly lowering processing times.

Supply Chain Efficiency 84

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 84

Procurement Express

DECEMBER 24, 2024

Purchasing is about getting the right stuff at the right time from the right suppliers for a fair price without blowing up your budget or your supplier relationships. How much time is your team wasting on the purchase order process? What exactly is purchase control? What exactly is purchase control?

Purchasing 40

Purchasing Purchase orders supply chain budgeting Budget 40

TYA Suite

JUNE 12, 2025

It offers a smarter, more integrated approach to managing the entire procurement lifecycle, bringing structure, visibility, and agility to every stage of the process. It connects people, processes, and systems to ensure all procurement activities happen in the right order, at the right time, with full visibility and control.

Real-time Visibility 40

Real-time Visibility Procurement e2e Procurement team 40

Procurement Express

DECEMBER 31, 2024

And finally, there’s purchase order-specific software. Now, what you decide to use depends on several factors: company size, ordering process, order volume, and so on. Procurement software is a tool designed to streamline and automate procurement operations, from purchase requests to supplier payments.

supply chain software solutions 40

supply chain software solutions Purchase orders Procurement Real-time Visibility 40

Finale Inventory

JANUARY 27, 2025

Introduction A quickbooks barcode scanner transforms how small and medium-sized businesses handle their inventory management, bridging the gap between physical products and digital records. When integrated with QuickBooks, a barcode scanner for quickbooks eliminates manual data entry, reducing costly errors and saving valuable time.

Inventory 52

Inventory Real-time Visibility Management Inventory control 52

Finale Inventory

JULY 18, 2025

Performance & Quality Supplier performance management software provides customizable scorecards tracking metrics like on-time in-full deliveries. Transactional Efficiency Daily operations benefit from supplier order management software that streamlines purchase orders, shipping notices, and provides real-time visibility.

supply chain software solutions 40

supply chain software solutions Suppliers Management Real-time Visibility 40

TYA Suite

JANUARY 27, 2025

Managing procurement manually can be fraught with challenges such as delays, human errors, and lack of visibility. Giving the chosen supplier a purchase order Getting the given goods or services and checking them. can automatically escalate breaches of SLA, ensuring timely intervention.

Real-time Visibility 40

Real-time Visibility Procurement Management Purchase orders 40

TYA Suite

JUNE 12, 2025

This lack of automation leads to approval delays, data inconsistencies, and poor visibility across departments. These layers of manual processing significantly increase turnaround times, delaying essential purchases and vendor payments. One of the main drawbacks of hand-held purchases is the absence of real-time visibility.

Real-time Visibility 40

Real-time Visibility Procurement Purchase orders Purchasing 40

Procurement Insights

MARCH 23, 2025

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. Real-time data and AI (e.g.,

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Suppliers 52

Finale Inventory

JULY 18, 2025

Periodic inventory relies on scheduled physical counts to update records, while perpetual inventory tracks stock in real-time with each transaction. What Is a Perpetual Inventory System? With perpetual inventory, businesses always know their exact COGS position without waiting for end-of-period calculations.

Inventory 40

Inventory Real-time Visibility supply chain software solutions Inventory planning 40

Planergy

MARCH 11, 2025

The seamless connection allows for automated invoice scanning, approval workflows, and real-time spend visibility. Overview of Sage Intacct’s Accounts Payable Module AP automation is the cornerstone of Sage Intaccts accounts payable module, streamlining the entire AP process from purchase order to payment.

Real-time Visibility 52

Real-time Visibility Purchase orders Export Purchasing 52

TYA Suite

MAY 23, 2025

The answer often lies in disconnected systems, manual workflows, and a lack of visibility between procurement and finance teams. Procure to pay automation is a smart way to speed up your P2P operations by cutting out manual data entry and reducing the time spent on repetitive, routine tasks.

Real-time Visibility 40

Real-time Visibility Procurement Supply Chain Efficiency e2e 40

TYA Suite

JUNE 2, 2025

But purchasing is more than just placing orders, it's a structured process that ensures the right items are bought, from the right sources, at the right price, and at the right time. Emergency purchasing happens when there's an urgent and unexpected need such as equipment breakdown, stock shortages, or supplier failure.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

HICX

JUNE 9, 2025

AI helps optimize supply chain management by offering predictive supplier analytics , real-time tracking, and automation. It forecasts demand accurately using historical data and market trends, assisting organizations to maintain optimal inventory while avoiding shortages or excess stock.

Suppliers 40

Suppliers Supply Chain Efficiency Real-time Visibility Management 40

Finale Inventory

JUNE 27, 2025

Inventory planning and optimization software adds another dimension by calculating the most cost-efficient ordering quantities while balancing multiple variables like lead times, bulk discounts, and warehouse constraints. The method you choose for tracking inventory significantly impacts both processes.

Inventory planning 40

Inventory planning supply chain software solutions Inventory Real-time Visibility 40

Finale Inventory

JANUARY 27, 2025

Introduction Setting up a barcode inventory system marks a significant step forward for growing businesses seeking to modernize their operations. When implemented correctly, barcoding transforms time-consuming manual processes into swift, accurate inventory management workflows.

Inventory 52

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

Planergy

MAY 8, 2025

How to gain visibility and control of your indirect spend. These portals improve real-time visibility into purchase orders, payment timelines, and dispute resolution, directly enhancing vendor satisfaction. [5] How to report and analyze indirect spend to identify savings opportunities.

Strategy 52

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

Supply Chain Game Changer

FEBRUARY 21, 2025

By leveraging contract redlining software, procurement teams can collaborate with new suppliers in real-time, accelerate contract negotiations, and ensure accuracy and alignment in contract terms and conditions. This eliminates the need for back-and-forth email exchanges and allows for faster resolution of any negotiation points.

supply chain software solutions 52

supply chain software solutions Contract Suppliers Supply Chain Efficiency 52

TYA Suite

JUNE 22, 2025

Instead of relying on manual reports or assumptions, procurement analytics uses real-time data and historical information to provide a clear picture of where money is being spent, which suppliers offer the best value, and where inefficiencies or risks may exist. KPIs monitor procurement performance and analytics' effects.

Procurement 40

Procurement Real-time Visibility Supply Chain Efficiency supply chain software solutions 40

Finale Inventory

JULY 18, 2025

Think of a reorder point like a fuel gauge in your car—when it hits the quarter-tank mark, you know it's time to find a gas station soon to avoid running empty. It's important to distinguish between the reorder point (when to order) and the reorder quantity (how much to order).

Inventory 40

Inventory Inventory planning Real-time Visibility supply chain software solutions 40

Pipefy

JUNE 26, 2025

In this article, you’ll learn how beverage companies are redesigning their O2C workflows—cutting DSO by an average of 12 days , improving cross-team visibility, and streamlining approvals without sacrificing control. Centralized visibility into invoice status and AR aging. Time from invoice creation to delivery.

Real-time Visibility 52

Real-time Visibility Purchase orders Data Purchasing 52

Procurement Software

JUNE 29, 2025

By the time these issues reach your desk in Procurement, they’ve typically bounced around your organisation with nobody taking ownership. 4 Ways Purchase Order Software Can Solve Your Accounts Payable Nightmares There’s a multitude of reasons why things go wrong in the procure-to-pay process.

Real-time Visibility 52

Real-time Visibility Data Suppliers Budget 52