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.,

Spend management 77

Spend management Management Real-time Visibility Collaboration 77

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.

Spend management 68

Spend management Management Innovation Data 68

ivalua

SEPTEMBER 7, 2022

The global industrial minerals group will deploy Ivalua’s Spend Management platform across five continents to digitize the Source-to-Requisition (S2R) process. Working with Ivalua, the company’s objective is to go toward a unified, global purchasing solution. Ivalua is a leading provider of cloud-based Spend Management software.

Purchasing 130

Purchasing Suppliers Raw materials Management 130

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Art of Procurement

FEBRUARY 19, 2023

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

Spend management 59

Spend management Management Purchasing Procurement 59

Barkers Procurement

MAY 25, 2023

Discover the key strategies and best practices for effective tail spend management. What is Tail Spend Management? Tail Spend is often regarded as the problem child of an organisation’s spend profile. Why should you look to control your Tail Spend? How can Barkers help? Our approach is simple.

Spend management 52

Spend management Import Management Eprocurement 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. The best opportunities now lie in tail spend management. This is usually areas of indirect spend which have previously been relatively unexplored. 2) Uncontrolled purchases.

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. The best opportunities now lie in tail spend management. This is usually areas of indirect spend which have previously been relatively unexplored. 2) Uncontrolled purchases.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Una

DECEMBER 6, 2022

8 No-Brainer Reasons to Join a Group Purchasing Organization. 8 Reasons to join a group purchasing organization. We may be biased, but we’d like to add one more important no-brainer to this list: joining a group purchasing organization (GPO). When you join a group purchasing organization, you look like a sourcing hero.

Purchasing 98

Purchasing Procurement strategies Risk Suppliers 98

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

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . Now is a crucial time to re-evaluate the importance of purchasing in the overall organization strategy. Lack of visibility.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Fraxion

OCTOBER 31, 2022

The very first step in the purchasing process; the creation and submission of a purchase requisition. This step is the foundation of any spend management strategy and having a defined purchase requisition process in place sets the tone for how effective your organization will be in managing purchasing.

Purchasing 40

Purchasing Spend management Strategy Import 40

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.

Eprocurement 130

Eprocurement Procurement Supplier relationship management Spend management 130

ivalua

DECEMBER 15, 2022

Ivalua platform selected to improve efficiency, transparency, and the employee purchasing experience. Ivalua is a leading provider of cloud-based Spend Management software. Redwood City, CA, December 15, 2022. About Ivalua.

Supply Chain Efficiency 246

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

Procurify

JUNE 21, 2022

In order to float and not sink in the current business environment, companies may need financing solutions to deliver purchase orders. Thus, when a company lacks liquidity, purchase order financing can help. The importance of purchase orders. First, every buyer sends a purchase order to their supplier to make an official order.

Purchase orders 52

Purchase orders Purchasing Supply Chain Optimization Suppliers 52

ivalua

JANUARY 31, 2023

As products are purchased within an organization, category managers can precisely track the year-to-date carbon emission trajectory for their purchases. About Ivalua Ivalua is a leading provider of cloud-based Spend Management software. To learn more about this new offering register for an upcoming live demo.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Innovation Supply chain 246

Spend Matters

FEBRUARY 26, 2024

Such an area is tail spend, the purchases that makeup approximately 80 percent of transactions/parts/suppliers but only 20 percent of total spend volume. And, following the Pareto principle, many organizations ignore their tail spend because of the apparently meager return on investment. This content is for members only.

Market analysis 99

Market analysis Sourcing Spend management Purchasing 99

Una

JANUARY 9, 2023

Managing Tail Spend to Avoid "Porcelain Dalmatians". 5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team.

Management 97

Management Spend management Purchasing Procurement team 97

Procurement Tactics

JANUARY 8, 2023

Spend analysis enables businesses to assess procurement spending data from internal and external data sources. The Closed Loop Spend Management. You may ask yourself, why is closed loop spend management being brought up? Thus, it relies on two outputs which are spending data and ESG impact factors. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Jaggaer

NOVEMBER 15, 2018

The right software can guarantee better fleet management and more efficiency which can translate to increased profitability overall. This echoes JAGGAER’s focus on better spend management for a host of industries including the supply chain. Manual labor can be inefficient and lead to poor spend management.

Fleet Tracking 40

Fleet Tracking Spend management supply chain software solutions Supply Chain Optimization 40

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. “We

Procurement solutions 130

Procurement solutions Chief Procurement Officer Procurement Buying process 130

ivalua

DECEMBER 7, 2022

Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Contract Sourcing 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.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

ivalua

SEPTEMBER 27, 2022

Ivalua, a global leader in spend management today announced that Bahlsen, a leading supplier of sweet bakery products, has selected Ivalua’s Source-to-Pay (S2P) solution to digitalize its procurement processes. Ivalua is a leading provider of cloud-based Spend Management software. Redwood, CA, 27th September 2022.

Spend management 130

Spend management Procurement solutions Suppliers Procurement 130

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. Aegion is committed to Stronger. Infrastructure. www.aegion.com.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement supply chain software solutions Spend management 130

ivalua

MARCH 18, 2021

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

Procurement Tactics

JANUARY 5, 2023

It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system. Approved purchasers from the buying organization can access hosted catalogs as part of the purchasing process. Improves productivity.

Buyers 179

Buyers Purchasing Suppliers Procurement 179

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

Spend Matters

JANUARY 16, 2024

Here, spend analytics, e-sourcing and tail spend management have emerged, not just as business tools but also as catalysts of change, sculpting a new narrative in the source-to-pay domain. Tail spend management: Unveiling hidden treasures Often overlooked, the tail end of spend holds untapped potential for cost optimization.

Procurement solutions 84

Procurement solutions Procurement Spend management Supply Chain Optimization 84

Fraxion

FEBRUARY 6, 2023

PSL), a collaboration that will offer Fraxion’s cloud spend management solution to the thousands of Multi-Academy Trust (MAT) schools in the United Kingdom. We’re pleased to announce our partnership with Procurement Services Ltd.

Purchasing 40

Purchasing Spend management Procurement Collaboration 40

ivalua

MARCH 11, 2021

System will help improve efficiency and the purchasing experience for government employees and vendors. eVA is Virginia’s award-winning eProcurement portal, which provides a centralized, online purchasing hub for state and local agencies and more than 112,000 approved vendors who provide essential goods and services. About Ivalua.

Eprocurement 130

Eprocurement Procurement Spend management Purchasing 130

ivalua

APRIL 1, 2022

Redwood City, CA – April 1st, 2022 – Ivalua, a global leader in spend management , today announced that it has been recognized as a Customers’ Choice vendor in the March 2022 Gartner Peer Insights ‘Voice of the Customer’: Procure-to-Pay Suites report. Ivalua is a leading provider of cloud-based Spend Management software.

Procurement 130

Procurement Spend management Purchasing Risk 130

Jaggaer

FEBRUARY 14, 2019

In the simplest of terms, P2P solutions deliver improved processes as it relates to purchasing. It is the essential link between all purchasing functions and accounts payable within an organization and includes essential functions such as supply management, requisitions, purchase orders, receiving, and invoicing.

Purchasing 49

Purchasing Sourcing Real-time Visibility Budget 49

Spend Matters

JULY 25, 2022

Categories: Solution Providers , Spend Management , Supply Management , Technology Tags: Coupa Inspire , EU , supply We are witnessing a pivotal change in the market for some of the big source-to-pay (S2P) suite players (like Coupa, SAP and their peers) as they move toward a broader platform and ecosystem approach.

Supply Chain Optimization 83

Supply Chain Optimization Spend management Management Supply 83

Una

SEPTEMBER 14, 2022

Episode 79: User-Centric MRO Spend Management with Mike Franz. Do you have questions about group purchasing? Wondering how a group purchasing organization can help you save money, time, and effort? Episode 80: What is – and is NOT – in the Inflation Reduction Act with Kris Lance. Get in Touch.

Risk 119

Risk Vendor management Purchasing Product development 119

Procurement Tactics

AUGUST 22, 2022

What is Tail Spending? Tail spend is known in procurement as the amount an organization spends on purchases that make up approximately 80% of transactions but only cover 20% of the total spend. . It is common that there is no common definition for tail spend across different organizations.

Purchasing 130

Purchasing Suppliers Negotiation Procurement 130