article thumbnail

Source-to-Pay Tools for Enterprise Procurement

ivalua

Choosing the right Source-to-Pay (S2P) tools can be overwhelming. Key Takeaways Source-to-Pay platforms provide end-to-end visibility and control, helping organizations streamline procurement, reduce risk, and drive strategic value across the procurement lifecycle. Together these benefits make a strong case for Source-to-Pay software.

Sourcing 130
article thumbnail

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Choosing the Right Source-to-Contract Solution: A Guide for CPOs

ivalua

For Chief Procurement Officers (CPOs) and their teams, selecting the right Source-to-Contract (S2C) solution is an essential step toward strategic procurement transformation. What is Source-to-Contract? Source-to-Contract (S2C) refers to the initial stages of the overarching Source-to-Pay (S2P) process.

Contract 130
article thumbnail

The Role of AI in Sourcing and Procurement: Benefits, Use Cases, and Roadmap

ivalua

We’ve seen AI take over everyday tools and search engines; AI in Sourcing and Procurement is becoming a strategic tool in our kit, At Ivalua, we are helping global procurement teams integrate AI across the Source-to-Pay process, bringing automation, insight, and agility to every step. This is where AI can make a huge difference.

Sourcing 130
article thumbnail

How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.

article thumbnail

Practitioners choose the tech they adopt: An interview with BT Sourced CPO Cyril Pourrat

Spend Matters

To gain a hands-on perspective, however, we talked to Cyril Pourrat, founder and CEO of BT Sourced, the procurement company within the BT Group. Instead of navigating the stresses of an imposed transition to their sourcing platform of choice, Globality, Cyril enabled his team to champion the tools they deemed necessary.

Sourcing 101
article thumbnail

The 2025 State of Source-to-Pay Digitization: Key Insights for CPOs

ivalua

The rise of AI technology combined with Source-to-Pay (S2P) digitization are becoming key allies for leading procurement teams in their quest for ever smarter workflows, improved insights, and data-based decision-making. This makes it difficult for procurement teams to assess their impact or plan responses.

Sourcing 100
article thumbnail

Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.

article thumbnail

How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

One policy shift and your sourcing strategy is upside down. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.

article thumbnail

How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility. The result was a year-over-year savings of more than 3%.

article thumbnail

The What, Why and How of Total Procurement Orchestration

By 2027, Gartner predicts that 40% of sourcing will be handled outside of the procurement function. How can procurement pros ensure that the process is efficient and unified for all users? For a synchronized and democratized approach to procurement, leaders are embracing total procurement orchestration solutions.

article thumbnail

LinkedIn + ZoomInfo Recruiter: Better Data for Better Candidates

That's where ZoomInfo Recruiter comes in, helping bridge the gap when job sourcing and communication efforts stall on LinkedIn. LinkedIn Recruiter is an effective way to start the recruitment process for an open position. But that doesn't mean there aren't some frustrating roadblocks on the network.

article thumbnail

Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? Generative AI goes beyond just automating tasks and providing real-time answers.

article thumbnail

Procurement Is Navigating a Tech Tsunami (and It’s Upending How You Work)

Unified source-to-pay ecosystems. Procurement is in the middle of a tech tsunami. And if it feels like the old playbooks aren’t working anymore, that’s because they aren’t. Agentic AI. Autonomous procurement. These innovations are converging and transforming how procurement teams operate.

article thumbnail

How to Avoid the Pitfalls of Contract Management in Telecom & High-Tech

What’s Inside: Exploring the importance of having a dedicated buy-side contracting team Leveraging tools to enhance efficiency and empower the legal and sourcing teams Establishing processes to gather and analyze contract data to spot trends