Remove Real-time Visibility Remove Spend management Remove Supply Chain Efficiency
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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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Understanding the Total Economic Impact™ (TEI) of Ivalua

ivalua

Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. TEI helps organizations measure ROI, NPV, and efficiency gains from implementing solutions like Ivalua’s Source-to-Pay (S2P) platform. What is Total Economic Impact?

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

ivalua

Understanding these differences is essential for businesses that want to optimize operational efficiency and safeguard against costly errors. Aligning procurement and purchasing ensures efficiency, cost control, and reduced risk across the organization. What is Procurement? What is Procurement?

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New Inventory Visibility and Collaboration Capabilities Enhance Ivalua’s Procure-to-Pay Solution

ivalua

Helping businesses reduce the risk of supply chain disruption, optimize inventory levels and make better buying decisions. Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability.

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

Spend Matters

Finance and procurement play critical roles in shaping an organizations financial health and operational efficiency. Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. To resolve this, companies need to do the following: 1.

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Aligning Finance and Procurement – Phase 5: Sustaining alignment success with shared KPIs

Spend Matters

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 spend management efforts in financial statements and budget planning.

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Source-to-Pay Digital Transformation: Roadmap for Efficiency and Resilience

Jaggaer

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. These begin with enhanced visibility.