This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Procurement and supplychainmanagement 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.
Direct and indirect procurement are two fundamental approaches in supplychainmanagement, each serving distinct functions within an organization. Key Takeaways Unified sourcing platforms help connect planning, sourcing, and spendvisibility for both procurement types, driving efficiency and competitive advantage.
393% ROI from process automation, better visibility, and replacing old systems. Reductions in procurement overhead, coupled with increased spendvisibility, innovation opportunities, and streamlined supplier engagement. Business Impact : Automation of sourcing and contracting tasks, cutting cycle times by as much as 40%.
You know there are opportunities hidden in the numbers; the challenge is surfacing them in time to act. This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. Let’s dig in!
Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spendvisibility, cost control and data integration. Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management.
Technology unifies procurement and purchasing, improving visibility, compliance, and workflow automation. Distinguishing the two helps enterprises optimize spend and strengthen supplier relationships. It’s a strategic function that covers both direct and indirect spend and emphasizes total value creation. What is Procurement?
(A PI Q&A) , A reader asked the following question: Aside from the basics of spend analysis and eliminating redundancy, I’m curious to hear of others’ experiences in dealing with mergers/acquisitions and how the cultural elements were addressed in terms of promoting the use of preferred vendors and the adoption of expense management policy.
In any case, organizations need to pull indirect spending out of the shadows and into the open. In this article, we’ll go over a few ways to improve the process: education, gaining spendvisibility , categorizing spend by supplier or department, etc. What Happens When Indirect Spend Isnt Managed?
Supplychain software is a game-changing tool that offers immense opportunities for growth and success in the transportation services market. Nevertheless, the supplychain industry faces various challenges that can be effectively addressed through the utilization of high-performing software solutions.
Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supplychain risks. Together, they enable procurement teams to move from reactive to proactive, optimizing sourcing strategies, improving supplier negotiations, and ensuring more accurate, real-time decision-making.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.
All of the phases are peppered with real-world case studies from the people who have been in your shoes; so you don’t have to step into the same holes they’ve already avoided! From simple automations that save time to sophisticated strategies that drive major business value, embedding AI in your business processes can provide immense value.
JAGGAER characterizes the steps in this process as SpendManagement, Category Management, Sourcing , and Contracts. Secondly come eProcurement, SupplyChain Collaboration, Invoicing, and Payments. These begin with enhanced visibility. Measure and monitor consistently over time and report the results.
It helps procurement teams make informed decisions by offering insights into areas such as spend patterns, supplier performance, contract compliance, pricing trends, and sourcing risks. Common KPIs include cost savings, supplier lead times, contract compliance rates, cycle times, and supplier risk scores.
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? Improving communication and timely payments to build trust and ensure smooth operations.
It is a process that creates efficiencies across all spend categories, minimizes supplychain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. We also now break down the negotiation stage into sourcing and final negotiation of contracts.
Below is a ranking of the top 10 ProcureTech should-cost solution providersGEP, Zycus, Ivalua, SAP Ariba, Coupa Software, Jaggaer, Keelvar, Lytica, ProPurchaser, and Archletacross three criteria: length of time in business, company size, and top reason for dealing with each one. market share (Apps Run The World, 2023) lead.
Tracking performance over time is key to measuring the business value the collaboration is delivers. However, procurement plays a critical role in reflecting cost-saving initiatives, supplier contracts and spendmanagement efforts in financial statements and budget planning.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. What's PLANERGY?
CFOs, it’s time to revisit how your organization is managing its business spend. By the time an invoice lands on their desk, the spending has already occurred. When procurement and AP work in silos, your business is left without the real-timevisibility it needs to stay financially agile.
Significance : Baan’s software emphasized integration across the supplychain, including procurement processes. i2 Technologies : Specializing in supplychainmanagement, i2 Technologies offered procurement solutions that integrated with broader supplychain processes.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. But what happens if those supplychains are disrupted?
But to do that effectively, you need the right tech stack to streamline processes, automate tedious tasks, and provide real-time financial insights. The best virtual CFOs combine multiple tools to create a system that reduces manual work and improves financial visibility. What are virtual CFO tools?
The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supplychain.
These issues can waste time, increase expenses, and cause frustration for your team. Without a proper system, it becomes harder to track budgets, follow company rules, and manage suppliers. Over time, these small problems add up, making it difficult to grow smoothly. Minimizing supplychain disruptions and compliance risks.
Leveraging Reveels unique position in parcel spendmanagement within the SupplyChain/Logistics ecosystem, Marc collaborates with adjacent solutions to provide comprehensive offerings for high-volume shippers. How do I shape where I need to go next year, knowing that supplychain is changing really quickly?
SAP Ariba : A leading procurement software company, SAP Ariba offers a comprehensive suite of solutions for supplier management, strategic sourcing, procurement, and financial supplychainmanagement.
Helping businesses reduce the risk of supplychain disruption, optimize inventory levels and make better buying decisions. Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud SpendManagement solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability.
In our latest study of UK-based procurement, supplychain and finance professionals, we found that 60% of UK businesses have decreased investment in sustainability initiatives as a result of the coronavirus outbreak. Lack of visibility hindering sustainability progress. Procurement needs to get smarter. View infographic.
Categories: Conferences , SpendManagement 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 most significant enhancement is the new ‘Coupa supplychain collaboration’ solution.
Amplify Your Business SpendManagement Strategies with a GPO. Our team is dedicated to empowering procurement and technology professionals to make the best sourcing decisions for their organizations while saving money, time, and effort. Top category savings to amplify your business spendmanagement strategies.
The past few years have highlighted serious deficiencies in prevalent supplychain strategies and the major risk that disruptions pose to corporate success. Loss of sales and market share are the most visible and measurable impacts. Supplychain disruptions, and the reactions to them, do more than simply reduce profits today.
EPISODE 137 Using Visibility to Combat SupplyChain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.
16th July 2020, London – Research from Ivalua, a leading provider of spendmanagement cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic. Lack of visibility slowing plans to tackle environmental concerns.
Redwood City, CA – Feb 24, 2021 – Ivalua , a global leader in Cloud SpendManagement solutions , today announced the general availability of its new platform release 168. The release includes a broad set of innovations to help organizations better manage their spend and suppliers. About Ivalua. Media Contact.
Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud SpendManagement solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments. Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Notes to Editors.
Ivalua SpendManagement Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supplychain challenges.
If we look at contract and spendmanagement, we're looking at the bottom of the pyramid. But if we look at the top of the pyramid, we look at other ways to create value such as innovation, shared R&D, different areas of performance management. Is there a niche or sector that real-time SRM works for best?
Ivalua SpendManagement Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. According to SupplyChain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. It is a crucial process for organizations that are looking to streamline their procurement activities, better managespend and suppliers and increase operational efficiency.
Why is Complex Spend an Issue? Gaining Visibility and Control. There are unique challenges and opportunities presented by complex, frequently ordered categories of Indirect expenditure, such as marketing services, print, packaging, uniforms & apparel, office supplies and related products and services. Introduction.
E-invoicing Mandate | France 2024 Ivalua SpendManagement Insights [ivory-search] Wake Up AP, Before it’s Too Late! The first and most visible element of this change are the emergence of Government tax networks or Continuous Transaction Controls (CTC) systems. What are the implications?
And let’s not forget the crucial role they play in driving diversity and sustainability within the supplychain. Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time. Reducing suppliers also helps mitigate risk throughout the supplychain.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content