World of Procurement blog

MAY 10, 2024

By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently. This supports strategic sourcing efforts. This maximizes value from sourcing partnerships. This enables more accurate planning.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

ivalua

MAY 31, 2022

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Spend Matters

APRIL 4, 2024

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. In this quarter, the Spend Matters analyst team builds on this foundation by giving an overview of how vendors have implemented GenAI in their solutions.

Procurement 82

Procurement Risk management Raw materials supply chain software solutions 82

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

ivalua

DECEMBER 7, 2022

Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Contract Sourcing 130

ivalua

APRIL 25, 2023

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. Redwood City, CA, 25 April, 2023. Learn more at www.ivalua.com.

Contract 130

Contract Suppliers Supply Chain Efficiency Sourcing 130

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. 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. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 103

Sourcing Strategy Supply Chain Efficiency e2e 103

Spend Matters

MARCH 11, 2024

In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. To overcome these challenges organizations often look for a technology solution that offers automation, centralized data management and streamlined workflows. This content is for members only.

Procurement solutions 98

Procurement solutions Sourcing Procurement Market analysis 98

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management 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.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

ivalua

DECEMBER 20, 2022

Ivalua, a global leader in spend management , today announced that Hillenbrand, Inc. NYSE: HI), a global industrial company, has selected Ivalua to centralize its supplier communication, contract data, and help consolidate best-in-class procurement processes. Ivalua is a leading provider of cloud-based Spend Management software.

Data 130

Data Supply Chain Efficiency Spend management Supply Chain Optimization 130

Procurement Templates

JUNE 18, 2023

Central banks and governments often aim to manage inflation to maintain price stability and promote economic growth. Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. .

Contract 130

Contract Collaboration Sourcing Contract management 130

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

AUGUST 23, 2022

Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. For this article, we will talk about what the contract management process is. What is Contract Management?

Contract management 130

Contract management Contract supply chain software solutions Management 130

Procurement Tactics

JUNE 28, 2023

Procurement Tracking is the process of monitoring and managing procurement activities. It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in 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

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Contract 130

Contract Sourcing Suppliers Data 130

ivalua

OCTOBER 17, 2022

Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. About Ivalua.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain software solutions 130

ivalua

SEPTEMBER 13, 2020

A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Case in Point.

e2e 204

e2e Procurement Budget Contract 204

Spend Matters

OCTOBER 23, 2023

In this Spend Matters Vendor Analysis we provide an overview of AnyData Solutions and its solution for spend analytics, contract management, supplier relationship management and ESG/performance tracking. Today, data-driven analysis is still at the heart of all of its offerings.

Contract management 91

Contract management Contract Supplier relationship management Management 91

Spend Matters

JUNE 19, 2023

Spend Matters is featuring the top digital capabilities of different procurement technologies and the functionality you can expect from average and top performing solutions, leveraging its SolutionMap dataset. In this article, our analysts Xavier Olivera, Bertrand Maltaverne and Nikhil Gaur look at source-to-contract (S2C) solutions.

Contract 72

Contract Sourcing Suppliers Quality 72

Procurement Heads

JANUARY 4, 2023

Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches. In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

ivalua

APRIL 17, 2023

Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing.

Sourcing 130

Sourcing Procurement Leadership Suppliers 130

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. A collection of these quick takes, conference insights and solution comparisons is below. We then look ahead to what members can expect in the coming months.

e2e 77

e2e Procurement supply chain software solutions Contract 77

Procurement Tactics

AUGUST 24, 2022

Supplier Networks — The Ultimate Guide of 2022. Supplier networks are important in the procurement industry to find your preferred supplier. In this article, we will discuss what supplier networks are. After this article, you will have an insight into what supplier networks are. Improved contract terms.

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Spend Matters

FEBRUARY 7, 2024

It was created in response to the growing need for organizations to streamline and improve their procurement operations through the adoption of digital solutions. The post Mercanis: Vendor Analysis — S2C solution overview, competitors, user considerations, analyst summary appeared first on Spend Matters.

Sourcing 83

Sourcing Buyers Contract Suppliers 83

World of Procurement blog

APRIL 23, 2024

This comprehensive guide explores the realm of procurement technology, detailing its types, uses, benefits, and the transition from traditional methods to sophisticated tech solutions. Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

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 82

Procurement solutions Procurement e2e Real-time Visibility 82

ivalua

DECEMBER 1, 2022

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. In Q3 2021, The Hackett Group conducted a comprehensive performance study of third-party risk management across a wide demographic of companies. What is Third-party Risk Management? .

Risk management 130

Risk management Risk Management Contract 130

Procurement Software

APRIL 2, 2024

There’s plenty of digital procurement solutions out there for every budget. Digital procurement tools: What can you get for your budget What can different amounts of money buy in terms of different procurement tech applications and solutions that are out there? Sourcing Easy to use, e-sourcing RFP / RFQ tool with modern interface.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

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. A collection of these quick takes, conference insights and solution comparisons is below. We then look ahead to what members can expect in the coming months.

Procurement 88

Procurement e2e Contract Sourcing 88

Spend Matters

JANUARY 15, 2024

This year we’re 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. Effective contract administration is the last outcome of the S2C focus in public procurement.

Procurement solutions 74

Procurement solutions Procurement Contract administration Contract 74

ivalua

MARCH 30, 2022

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted.

Suppliers 130

Suppliers Supplier relationship management supply chain software solutions Supply Chain Efficiency 130

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. And from that group, 71% would pay a premium for it.

Strategic sourcing 85

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 85

ivalua

FEBRUARY 25, 2021

Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? As a result, point solutions have to be added on to fill the gaps, leading to complexity, integration issues and high overhead. The verdict?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

World of Procurement blog

APRIL 23, 2024

It's a multifaceted process, involving the acquisition of goods, services, or works from an external source, ensuring the best possible value for the company. Central to this process are procurement contracts, which legally bind the terms of these acquisitions. Effective negotiation skills can significantly improve contract terms.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52

World of Procurement blog

APRIL 23, 2024

It's a multifaceted process, involving the acquisition of goods, services, or works from an external source, ensuring the best possible value for the company. Central to this process are procurement contracts, which legally bind the terms of these acquisitions. Effective negotiation skills can significantly improve contract terms.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52