Spend Matters

MAY 1, 2025

A well-structured transformation journey ensures organizations progress from basic digitalization to advanced AI-driven procurement, enabling smarter decision-making, better compliance and optimized supply chain performance. When procurement lacks visibility into budget constraints or supplier performance, inefficiencies arise.

Real-time Visibility 73

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 73

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. The verdict?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Tactics

JUNE 22, 2023

For today’s article, we will discuss everything you need to know about the blanket purchase order, including what it is, its importance, how to create one, and when to use it. After this article, you will know the difference between regular and blanket purchase orders and how using this will benefit your organization.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

ivalua

MAY 21, 2025

Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain e2e 130

Spend Matters

MAY 27, 2025

Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management.

Real-time Visibility 94

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 94

TYA Suite

JUNE 2, 2025

From raw materials for manufacturing to office supplies or software subscriptions, these purchases keep the business moving. 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.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

SCMDOJO

APRIL 11, 2025

Supply chains are particularly vulnerable during recessions. Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. Consequently, it is imperative to develop a recession-proof supply chain to make them more resilient and adaptable.

Agile and Lean Supply Chain 58

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 58

Let's Talk Supply Chain

MAY 19, 2025

With an extensive online portfolio valued for its depth and scope, ProcurementIQ equips procurement professionals with the insight necessary to make better, faster purchasing decisions. 11.13] Anthonys background, how it sparked a passion for supply chain and why, after years in the industry, he decided to go to school for supply chain.

Purchasing 52

Purchasing Supply Chain Efficiency Data Agile and Lean Supply Chain 52

Una

MAY 4, 2023

How to Manage Risk Using a Group Purchasing Organization A play-by-play for mitigating risk within your procurement function and the wider organization by utilizing the power of group purchasing. Instead of seeing procurement as a source of risk, however, we prefer to see the function as protectors against risk.

Purchasing 92

Purchasing Risk supply chain budgeting Management 92

Procurement Express

DECEMBER 24, 2024

The way businesses handle purchasing is evolving. And at the heart of this transformation is the purchase order management system. Submitting purchase order documents the old-fashioned way isnt just inefficient. What is Purchase Order Management? How Does Purchase Order Management Work?

Purchase orders 52

Purchase orders Purchasing Management Real-time Visibility 52

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

SCMDOJO

OCTOBER 28, 2024

In today’s competitive business landscape, optimizing supply chains is crucial for achieving operational efficiency and cost reduction. While inventory management and logistics often take center stage, another critical component that significantly impacts supply chain performance is fixed asset management.

Supply Chain Optimization 52

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

Planergy

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important? Budgeting should be part of regular financial planning.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

SCMDOJO

MAY 23, 2025

In an age where supply chains face persistent disruptionsfrom pandemics and trade wars to cyberattacks and climate volatilityresilience is no longer optional. Organizations must anticipate risk, adapt faster, and recover smarter. The New Supply Chain Imperative Gone are the days when efficiency alone drove success.

Leadership 54

Leadership Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 54

Procurement Tactics

MAY 30, 2023

Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. They manage the sourcing and purchasing of goods and services that the organization requires to operate effectively. What is a Procurement Manager? Why Are They Important?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Planergy

MARCH 18, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. What Does a School Supply Chain Look Like?

supply chain budgeting 52

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

ivalua

NOVEMBER 29, 2022

And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management. The increase is directly correlated to the turbulent market caused by the pandemic, supply chain disruptions, and rapid inflation. Risk Metrics.

Risk 130

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

Skill Dynamics

APRIL 24, 2025

When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Spend Matters

JUNE 2, 2025

While traditional KPIs often emphasize cost savings or budget control, aligned organizations take a more strategic approach, tracking performance indicators that reflect the joint impact of finance and procurement on business outcomes. Compare actual procurement costs against financial forecasts to improve budget accuracy.

Sustainability 65

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 65

TYA Suite

APRIL 13, 2025

When your business is small, using spreadsheets or sticky notes to track purchases might seem easy. You might face delays in approvals, end up placing duplicate orders, or be surprised by unexpected costs. Without a proper system, it becomes harder to track budgets, follow company rules, and manage suppliers.

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Spend Matters

MAY 6, 2025

Mitigating financial risks related to currency fluctuations, interest rates and supplier defaults. Optimizing the cost of capital to improve financial flexibility. Reducing the total cost of procurement through supplier negotiations and sourcing strategies.

Supply Chain Optimization 73

Supply Chain Optimization Real-time Visibility Supply Chain Efficiency Procurement 73

Spend Matters

MAY 22, 2025

. “Having said that, its worth remembering that while the CFO will always be looking at the P&L, it doesnt mean you cant include soft results, like reducing risk or creating efficiency, neither of which you can put dollar numbers to until it actually happens. “So creating the right business case is all about balance.

Purchasing 73

Purchasing Procurement strategies Supply Chain Efficiency Risk 73

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

Spend Matters

APRIL 15, 2025

Procurements most valuable players Jesus Campos , CEO CorporateLATAM, once wrote on Spend Matters that procurement functions must address two key areas to navigate the uncertainty of global markets: risk management and organizational structure the latter being relevant to our discussion on procurement transformation. The Risk Manager.

Procurement 96

Procurement Category management Chief Procurement Officer Risk management 96

Procurement Insights

MAY 18, 2025

With rising expectations, shrinking budgets, and growing exposure to price risk and supply disruption, todays procurement leaders are tasked with delivering strategic impact at speed and scale. Let’s start by revisiting one of Procurement Insights’ most popular article series: Dangerous Supply Chain Myths.

Procurement 72

Procurement supply chain budgeting Agile and Lean Supply Chain Supply chain 72

SCMDOJO

MAY 6, 2022

Modern enterprises rely on supply chain software to track several activities, including manufacturing and distribution of goods. Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). What are No-code Platforms? Benefits of No-code Platforms.

supply chain software solutions 137

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 137

TYA Suite

MAY 3, 2025

Back then, businesses relied on paper purchase ordersphysical forms filled out by hand, signed, mailed, or faxed to suppliers. Today, digital purchase order are part of a larger trend toward automation, integrating with accounting software, inventory systems, and analytics tools to create smarter, more efficient supply chains.

Purchase orders 40

Purchase orders Purchasing Supply Chain Efficiency supply chain budgeting 40

ivalua

FEBRUARY 10, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Jaggaer

MAY 8, 2025

Lora is the Founder of Supply Chain Insights LLC. She works with supply chain leaders to take teams to higher levels of excellence and is an influencer with more than 340,000 followers on LinkedIn. She agrees that we should design the supply chain in the stage-gate processes in alignment with whats going on in the market.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply chain Management 52

Procurement Insights

JUNE 7, 2025

Hansen’s early concepts—especially his 1998 frameworks involving agent-based modeling , the Metaprise , time-zone polling , and advanced self-learning algorithms —share fundamental DNA with the adaptive, decentralized, and data-rich supply chain models later refined and scaled by Jeff Bezos at Amazon. MODEL 2 Jon W.

Supply Chain Optimization 52

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

Una

MARCH 6, 2023

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. Innovative purchasing concepts Getting innovative in purchasing doesn’t necessarily mean leveraging the latest piece of technology.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

SCMDOJO

APRIL 4, 2023

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. Luckily, supply chain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supply chain analytics.

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Supply Chain Analytics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 111

SCMDOJO

JANUARY 19, 2025

We conclude that different types of loans may help e-commerce supply chains. Loans can save you everything, from funding inventory purchases to pay for innovations in common functions. Companies can take them out to upgrade their supply chain infrastructure, such as buying new sorting machines or integrating advanced software.

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supply chain software solutions Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 52

Jaggaer

MAY 16, 2025

In many industries, procurement is responsible for managing significant budgets which means it holds a key lever for business performance. This means that, beyond cost savings, they can also influence the top line. Proper orchestration of supply chains enhances corporate resilience. Its actually quite obvious.

supply chain budgeting 52

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

SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply chain management Supply chain management supply chain budgeting 98

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., Finance departments focus on spend visibility, payment optimization and cost control. Legal teams emphasize regulatory compliance, contract enforcement and risk mitigation. largely control procurements level of influence.

Stakeholder engagement 89

Stakeholder engagement Management Procurement Influencing 89

Procurement Tactics

JUNE 28, 2023

It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178