Spend Matters

AUGUST 31, 2022

Categories: Analytics , Market Intelligence , Procurement , Procurement Systems & Architecture , Purchasing and Sourcing , Requisition / PO Management , Risk Performance and Compliance , Spend Analysis Tags: PRO Direct materials is a hot market for procurement solutions, and this has become even more the case since the Covid crisis.

Supply Chain Optimization 81

Supply Chain Optimization Material management Sourcing Influencing 81

Spend Matters

FEBRUARY 22, 2023

Categories: Cost Management , Procurement Strategy & Planning , Sourcing , Spend Analysis Tags: PRO In this Spend Matters PRO Vendor Analysis we give an update of LevaData, a solution built to support the sourcing process for direct materials. Read more. )

Sourcing 81

Sourcing Supply Chain Optimization Procurement strategies Supply chain 81

ivalua

JANUARY 29, 2021

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. Ivalua was honoured to provide some commentary on the survey results during a webinar with PWC in Sweden, as the 2020 survey is even more fascinating.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

Spend Matters

JULY 27, 2022

Categories: Sourcing , Supplier Information Management , supplier networks , Supplier Performance , Supplier Risk and Compliance Management , Suppliers Tags: PRO Direct materials management is a hot market for procurement solutions with few specialists on the market. Read more. ).

Market analysis 89

Market analysis Sourcing Supplier relationship management Material management 89

ivalua

JANUARY 13, 2021

Procure-to-Pay is the sequential process we described earlier. It relates to the digitization of this process through specialized tools. Benefits of an eProcurement Solution. – Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Spend Matters

JULY 27, 2022

Here's a sneak peak at this article for those who are not yet PRO members: Overall, QAD Allocation’s main strength pertains to how the solution fits with practices in direct materials management. Read more. ).

Sourcing 77

Sourcing Material management Suppliers Buyers 77

ivalua

MARCH 18, 2021

Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. A reverse auction can be added to the process, managed by CKS as a trusted third party.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

Spend Matters

JULY 21, 2022

By consequence, it also brought solution providers with dedicated capabilities for direct spend under the spotlight. By consequence, it also brought solution providers with dedicated capabilities for direct spend under the spotlight. Poland-based Procurence is one such provider. Read more. ).

Market analysis 73

Market analysis Procurement Quality management Supply Chain Optimization 73

Spend Matters

JANUARY 5, 2024

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Exploring the world of procurement tech in Q4 Spend Matters Insider coverage in Q4 included more than just our staple Vendor Analyses.

e2e 81

e2e Procurement supply chain software solutions Contract 81

ivalua

NOVEMBER 3, 2021

Ahlsell, a prominent international retail solutions provider, has led a complete digital transformation overhaul with a central focus on trading goods supplier management. One of the early objectives of Procurement was to optimize tail supplier management. billion in annual sales. Breaking New Ground to Gain a Competitive Edge.

Procurement 130

Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 130

Spend Matters

OCTOBER 4, 2023

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Exploring the world of procurement tech in Q3 Spend Matters Insider coverage in Q3 included more than just our staple Vendor Analyses.

Procurement 92

Procurement e2e Contract Sourcing 92

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Cost Reduction By streamlining operations, a structured department can minimize waste and unnecessary spending.

Supply Chain Optimization 74

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 74

Spend Matters

JANUARY 17, 2024

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. Many thanks to Supplyframe and you can read our in-depth analysis of its solution here.

Procurement solutions 80

Procurement solutions Agile and Lean Supply Chain Procurement Supply Chain Optimization 80

Spend Matters

MARCH 18, 2024

Last week, Spend Matters attended Ivalua’s annual EMEA conference in Paris. Day one — which Spend Matters did not attend as it was for customers and partners only — consisted of solution-focused sessions covering various topics: AI and generative AI, risk management, external workforce management, etc.

Procurement 93

Procurement Raw materials Sustainability Risk 93

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Nikhil Gaur looks at contract lifecycle management (CLM) platforms. In this article, our analyst Nikhil Gaur looks at contract lifecycle management (CLM) platforms.

Contract 91

Contract Management Negotiation Real-time Visibility 91

ivalua

MAY 9, 2019

Doug Keeley, Product Marketing Manager, Ivalua. The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. How much spend does the company have with the supplier and for what? Financial Services.

Suppliers 145

Suppliers Management Risk Purchasing 145

Spend Matters

SEPTEMBER 14, 2023

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. What are the challenges and asks of your customers?

Procurement 105

Procurement Supply Chain Efficiency Category management e2e 105

ivalua

JULY 6, 2015

The strategic sourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?

Sourcing 138

Sourcing Strategic sourcing Strategic sourcing Suppliers 138

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Bertrand Maltaverne looks at SxM solutions. In this article, our analyst Bertrand Maltaverne looks at SxM solutions. What does an SxM solution do?

Suppliers 82

Suppliers Collaboration Buyers Supply Chain Optimization 82

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. What does an E-Procurement solution do? E-procurement solutions use an electronic interface to automate, guide and approve the purchase and reception of products and services.

Procurement solutions 89

Procurement solutions Procurement supply chain budgeting Real-time Visibility 89

ivalua

JULY 13, 2022

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. The amount of data associated with these initiatives can be exponential, a burden too heavy to manage manually. Supplier Selection.

Sustainability 130

Sustainability Buyers Suppliers Procurement 130

Spend Matters

MAY 10, 2023

Categories: Procurement Systems & Architecture , risk-compliance-management Tags: PRO In this Spend Matters PRO Vendor Analysis we provide an overview of ProcessUnity and its solution for third-party risk management. Supplier risk intelligence vendors, such as ProcessUnity, cater to this need. Read more. )

Risk management 70

Risk management Risk Management Suppliers 70

Spend Matters

AUGUST 22, 2023

When price rises for raw materials, such as copper or wheat, are market-driven or are defined by market fluctuations, the procurement professional can be sure their supplier will be on the phone to set expectations of cost increases. before even creating a sourcing event.” before even creating a sourcing event.”

Raw materials 71

Raw materials Suppliers Price Buyers 71

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Xavier Olivera looks at Procure-to-Pay solutions. In this article, our analyst Xavier Olivera looks at Procure-to-Pay solutions.

Procurement 81

Procurement Real-time Visibility Purchasing Inventory 81

ivalua

MARCH 5, 2023

Ivalua Spend Management Insights [ivory-search] 5 Reasons to Attend 2023 Ivalua NOW Paris! We’ll also hear from Otto Tell, Business Navigation Manager & Digital Leader – Global Purchasing Development at IKEA and Karolina Hagberg Chinell, CPO at Ahlsell. Access the full speaker list HERE.

Innovation 130

Innovation Spend management Collaboration Supply Chain Optimization 130

IBM Supply Chain Blog

APRIL 20, 2023

All are transforming their procurement operations by leveraging state-of-the-art process mining and intelligent automation technology. Why process excellence matters A mid-size organization will spend the equivalent of several billion U.S. dollars annually in direct or indirect procurement.

Supply Chain Optimization 72

Supply Chain Optimization Supply Chain Efficiency Sustainability Logistics 72

Empowering CPO

JULY 17, 2023

It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow. From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

It encompasses the intricate processes through which companies acquire the necessary goods and services to sustain and expand their operations. From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

ivalua

JULY 27, 2015

The always astute Pierre Mitchell from Spend Matters recently called out an unnamed solution provider for “trying to create some thought leadership about upstream value creation and downstream value capture.” I’m going with Supplier Value Management. If so, in my (imperfect?)

Leadership 149

Leadership Suppliers Strategic sourcing Strategic sourcing 149

Procurement Heads

FEBRUARY 16, 2023

Although I don’t think that as a CPO we have the power to make a drastic change, I fundamentally believe we can influence the direction and lead the change. For us to shape the direction in which we think the profession is going we engage with different leaders holistically about what these megatrends could imply.

Influencing 130

Influencing Sustainability Procurement Supply Chain Efficiency 130

Supply Chain Game Changer

AUGUST 5, 2021

What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Building a secret recipe for smooth supplier management requires a foundation, which you can build upon, experiment with, and eventually make your very own. Subscribe Here!

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

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. There’s a perfectly logical reason that organisations go after the more “sexy” areas of spend. These are the spend categories that they typically understand best.

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. There’s a perfectly logical reason that organisations go after the more “sexy” areas of spend. These are the spend categories that they typically understand best.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Spend Matters

JUNE 21, 2023

Last year, Spend Matters launched its Carbon Management module in TechMatch. The Securities and Exchange Commission (SEC) requires companies to disclose material climate-related risks in their annual reports, such as the potential impacts of climate change on their operations, supply chains and financial performance.

Management 55

Management Supply Chain Efficiency Data Collaboration 55

Planergy

DECEMBER 12, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by 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.

Budget 52

Budget Strategic planning Real-time Visibility Purchasing 52

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

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

IBM Supply Chain Blog

FEBRUARY 14, 2024

Voice-based queries use natural language processing (NLP) and sentiment analysis for speech recognition so their conversations can begin immediately. Using machine learning (ML), AI can understand what customers are saying as well as their tone—and can direct them to customer service agents when needed.

Real-time Visibility 88

Real-time Visibility Data Supply Chain Efficiency Supply Chain Optimization 88