World of Procurement blog

APRIL 23, 2024

A significant driver of this evolution has been the integration of advanced technologies into procurement processes. From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands. Types of Technology Transforming Procurement 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

A significant driver of this evolution has been the integration of advanced technologies into procurement processes. From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands. Types of Technology Transforming Procurement 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives.

Sourcing 105

Sourcing Strategy Supply Chain Efficiency e2e 105

ivalua

OCTOBER 24, 2021

The payment process required for international trade is complex, expensive and high risk for both suppliers and buyers. The partnership with Transfermate removes this friction, creating a transparent, rapid and low-cost solution to paying suppliers anywhere in the world. With global trade volumes expected to grow by 4.7%

Supply Chain Efficiency 100

Supply Chain Efficiency supply chain software solutions Spend management Suppliers 100

ivalua

MARCH 27, 2023

This is a massive and unstoppable inflection point that will both rock and revolutionise how a business processes its Invoices. With each country presenting different reporting needs, invoice formats, and compliance needs, the process complexity can be overwhelming. But what about tax collection and reporting?

Procurement strategies 130

Procurement strategies Agile and Lean Supply Chain Real-time Visibility Networking 130

ivalua

FEBRUARY 24, 2021

But procurement organizations often fall into the trap of focusing on short-term cost reduction strategies, and in doing so, fail to reap the benefits of strategic supplier relationships. Identify and nurture strategic supplier relationships. Establish formal processes. This goes beyond understanding formal processes.

Suppliers 130

Suppliers supply chain budgeting Supplier relationship management Eprocurement 130

Spend Matters

JUNE 19, 2023

Spend Matters is featuring the top 5 digital capabilities of different procurement technologies and what functionality you can expect from average and top performing solutions, leveraging its SolutionMap dataset. In this article, our analyst Xavier Olivera looks at Procure-to-Pay solutions. What does a Procure-to-Pay solution do?

Procurement 81

Procurement Real-time Visibility Purchasing Inventory 81

Spend Matters

JUNE 19, 2023

Spend Matters is featuring the top 5 digital capabilities of different procurement technologies and what functionality you can expect from average and top performing solutions, leveraging its SolutionMap dataset. What does an AP Automation/Invoice-to-Pay solution do? Exploring the actual market state of the top 5 capabilities 1.

Buyers 71

Buyers Collaboration Suppliers Agile and Lean Supply Chain 71

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. For example, Antonello Produce wanted to provide food that its customers could trust.

Strategic sourcing 86

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

ivalua

MAY 9, 2023

Being more agile and addressing more strategic objectives requires procurement to be more collaborative. They should reflect the various strategic objectives procurement can support to incentivize the right behavior. This is a particular risk, rarely discussed, with cloud-based solutions. The next two involve technology.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Collaboration Supply Chain Efficiency 130

World of Procurement blog

APRIL 23, 2024

The complex dance of procurement negotiations requires understanding, skill, and strategic preparation. This guide aims to provide a robust framework for navigating negotiation processes, delving into negotiation frameworks, mental models, the concept of BATNA, and the crucial aspect of preparation. What is Negotiation?

Negotiation 52

Negotiation Procurement Buyers Strategy 52

World of Procurement blog

APRIL 23, 2024

The complex dance of procurement negotiations requires understanding, skill, and strategic preparation. This guide aims to provide a robust framework for navigating negotiation processes, delving into negotiation frameworks, mental models, the concept of BATNA, and the crucial aspect of preparation. What is Negotiation?

Negotiation 52

Negotiation Procurement Buyers Strategy 52

Spend Matters

DECEMBER 5, 2023

CLM serves as a natural lab for GenAI as its processes rely so heavily on proactively developing text. A more general (if less exciting) application is the now omnipresence of chatbots in procurement solutions. Learn about ai in procurement The post Analyst Eye on the AI tech race appeared first on Spend Matters.

Contract 92

Contract Supply Chain Optimization Data Procurement 92

Spend Matters

OCTOBER 19, 2023

We are pleased to announce that the recognized Future 5 providers are: akirolabs — Founded by procurement veterans, akirolabs is a Berlin-based digital solution that helps transform procurement from a tactical function to a value orchestrator. Its founders have extensive supply chain and enterprise technology experience.

Supply Chain Optimization 92

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 92

ivalua

JUNE 3, 2020

3rd June, London, UK – Ivalua, a leading provider of global spend management cloud solutions, has announced the findings of a worldwide study of supply chain, procurement, sales and finance business leaders on the current state of collaboration in procurement. Digitisation is essential to enabling payment efficiency, transparency and control.

Collaboration 130

Collaboration Suppliers Supply Chain Efficiency Innovation 130

Let's Talk Supply Chain

SEPTEMBER 15, 2022

Exporters now find themselves in a difficult position where they must balance gambling on increased credit risk from buyers, navigating slower logistics and remaining one step ahead of their competition by offering favorable payment terms. The Atradius Payment Practices Barometer – 2022 found that 42% of companies polled in the U.S.

Export 89

Export Buyers Management supply chain software solutions 89

Spend Matters

DECEMBER 11, 2023

Founded in 2009 in Copenhagen, Denmark, Tradeshift began with a strong focus on e-invoicing, enabling businesses to streamline their invoicing processes. The year 2016 marked a pivotal moment for Tradeshift as it ventured into strategic acquisitions, including the purchase of IBX Business Network and Merchantry.

Market analysis 82

Market analysis Buyers Networking Suppliers 82

Spend Matters

DECEMBER 21, 2023

We are highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them. Generative AI, in particular, offers transformative potential in optimizing source-to-pay processes.

Procurement solutions 87

Procurement solutions Procurement e2e Real-time Visibility 87

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. Understanding Managed Procurement Services Acknowledging procurement’s strategic significance, an increasing number of businesses are embracing Managed Procurement Services (MPS).

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

Procurement Insights

FEBRUARY 1, 2024

The new report covers ten leading vendors who meet Gartner’s revised criteria for providing modular but natively integrated S2P platforms spanning sourcing, contracting, purchasing, payments, and analytics. Fragmented workflows, scattered supplier information, and lack of full source-to-payment traceability are no longer acceptable.

Sourcing 69

Sourcing e2e Spend management Leadership 69

Pipefy

JANUARY 4, 2024

The order-to-cash and procure-to-pay processes play essential roles in business operations. While each serves a different purpose, process inefficiencies like manual work or disjointed systems can lead to costly delays, lags in communication, and poor customer or supplier relationships. What is order-to-cash (O2C)?

Procurement 52

Procurement Purchase orders Purchasing Suppliers 52

SCMDOJO

OCTOBER 27, 2023

It is a skill that needs a strategic approach and it is not something anyone can do. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. These terms may include delivery schedules, quality standards, payment terms, and penalties. Is it the cost?

Supplier negotiation 88

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 88

Pipefy

OCTOBER 25, 2023

Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own processes. Strategic essentials: agility and autonomy Procurement teams need solutions that help them navigate disruptions to their processes and to their supply chains. But what does that look like?

Procurement team 52

Procurement team Agile and Lean Supply Chain Business strategy Procurement 52

IBM Supply Chain Blog

DECEMBER 18, 2023

We understand executing AI at scale can be a difficult process—especially when one considers the challenges with processing the data required for AI models—and are committed to continuously delivering solutions to help clients leverage AI with speed and at scale.

Innovation 70

Innovation Supply Chain Efficiency Data Supply chain 70

Procurement Tactics

JUNE 28, 2023

Procurement Tracking is the process of monitoring and managing procurement activities. To stay at the forefront of today’s rapidly evolving business environment, procurement tracking plays a crucial role in monitoring the procurement process. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

MARCH 31, 2020

31 March, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. on time payments) and spend visibility.

Procurement 130

Procurement Procurement team supply chain software solutions Supply chain 130

ivalua

JUNE 12, 2020

As we are reminded that cash is still king, those organizations that closely engage suppliers on payment strategy are most likely to maintain financially viable supply chains. According to a recent study by Forrester commissioned by Ivalua, 53% responded that they have effective, strategic collaboration with suppliers.

Collaboration 130

Collaboration Suppliers Innovation Quality 130

ivalua

APRIL 9, 2021

8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Accordingly 50% are increasing investment due to COVID-19, with only 23% decreasing it.

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

Procurement Heads

APRIL 26, 2023

There is also a separate team that looks after sourcing, contracting and payment activities. We strive to be a data-driven team using innovative digital solutions. In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

There is also a separate team that looks after sourcing, contracting and payment activities. We strive to be a data-driven team using innovative digital solutions. In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

ivalua

APRIL 8, 2021

8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Accordingly 50% are increasing investment due to COVID-19, with only 23% decreasing it.

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

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. In today’s hyper-competitive business environment, effective procurement is more than a necessary process – it’s a strategic function that can deliver significant value and competitive advantage.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Empowering CPO

JUNE 30, 2023

These services can range from strategic sourcing and supplier management to purchase order management and invoicing. In an era where efficiency, cost-effectiveness, and strategic value are paramount, managed procurement services play a vital role. It ensures that orders are accurate, approved, and processed in a timely manner.

Management 40

Management Procurement Supply Chain Efficiency Strategic sourcing 40

SCMDOJO

JULY 28, 2022

At this point, we recommend taking the course on The Sourcing Process , where Maryna Trepova explains in detail 7 Steps of the sourcing process , Make or Buy decision, Approaches to tendering process, Key process for obtaining quotations and tenders, Pre-qualification evaluation and Awarding criteria.

Suppliers 108

Suppliers Bidding Purchasing Quality 108

Zycus Cognitive Procurement

DECEMBER 9, 2022

AP teams would never miss payments or early discounts if vendors were equipped with effective systems, managed efficiently through prompt communication. Reducing manual efforts with AI-led invoice processing and AP Smart Desk The manual work of AP teams can be reduced significantly via AI-led invoice automation solutions.

Vendor management 40

Vendor management Import Data Sustainability 40

Zycus Cognitive Procurement

DECEMBER 9, 2022

AP teams would not ever lose out on payments or early discounts if the vendors were equipped with effective systems and managed efficiently through effective communication. Reducing manual efforts with AI-led invoice processing and AP Smart Desk The manual work of AP teams can be significantly reduced via AI-led invoice automation solution.

Vendor management 40

Vendor management Import Data Sustainability 40

Spend Matters

SEPTEMBER 14, 2023

This week we spoke with Baber Farooq, Senior Vice President and Head of Market Strategy for SAP Procurement Solutions. Strategic sourcing remains critical, especially given our inflationary environment. We’re also seeing that suppliers are no longer being viewed simply as vendors, but strategic partners.

Procurement 106

Procurement Supply Chain Efficiency Category management e2e 106