Remove Real-time Visibility Remove Risk management Remove Spend management
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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.

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8 Procurement Software Best Practices For 2025

ivalua

In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack. All of these processes are critical components for managing procurement activities strategically. You can then track trends over time to guide renewal or exit decisions.

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Understanding the Total Economic Impact™ (TEI) of Ivalua

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393% ROI from process automation, better visibility, and replacing old systems. Reductions in procurement overhead, coupled with increased spend visibility, innovation opportunities, and streamlined supplier engagement. Business Impact : Automation of sourcing and contracting tasks, cutting cycle times by as much as 40%.

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Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. Procurement vs. Purchasing: What’s the Difference? What is Procurement?

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Aligning Finance and Procurement – Phase 4: Leveraging technology to bridge the Finance–Procurement gap

Spend Matters

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.

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Aligning Finance and Procurement — Phase 3: A path to collaboration

Spend Matters

Each function’s objectives often overlap, particularly in areas such as financial reporting, cost management, budgeting and data-driven decision making, so when procurement strategies align with finance-led initiatives, organizations gain greater financial visibility, improved efficiency and stronger risk control.

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It’s Time to Rethink Supply Chain Risk Management

ivalua

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. Loss of sales and market share are the most visible and measurable impacts. Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks.