NLPA (Next Level Purchasing Association)

JULY 20, 2023

The Impact on Procurement & Purchasing Teams Managing spend has a direct impact on the success of Procurement & Purchasing Teams. Resource Allocation: By strategically managing spend, teams can allocate resources in a way that aligns with the organization’s objectives and priorities.

Management 40

Management supply chain software solutions supply chain budgeting Spend management 40

Zycus Cognitive Procurement

JANUARY 31, 2023

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Una

AUGUST 31, 2023

Partnering with Una means you gain immediate access to a team of indirect spend management experts offering procurement and supply chain knowledge, category advisory, insight into spend data and cost comparisons, supplier relationship management, and more.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Una

OCTOBER 9, 2023

Supplier Relationship Management Building and nurturing strong, long-term relationships with suppliers is central to strategic sourcing. Contracting & Supplier Relationship Management Consult with your legal team, include an NDA if necessary, and clearly outline KPIs and your reporting process.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

SEPTEMBER 14, 2023

We’re also seeing that suppliers are no longer being viewed simply as vendors, but strategic partners. Therefore, procurement leaders are placing a higher level of importance on supplier relationship management, so they can better differentiate with and nurture those critical relationships.

Procurement 103

Procurement Supply Chain Efficiency Category management e2e 103

Spend Matters

JANUARY 5, 2024

Spend Analytics AnyData Solutions is used for spend analytics, contract management, supplier relationship management and ESG/performance tracking. While the solution addresses direct, indirect and services spend, most customers primarily use PayEm for indirect and services I2P and spend management.

e2e 79

e2e Procurement supply chain software solutions Contract 79

ivalua

AUGUST 17, 2021

However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing. They will need to understand internal and external forces and increasingly get to grips with balancing cost savings with long term supplier relationships. What is Direct Procurement?

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

The Procuretech Podcast

MAY 16, 2023

In this episode of the Procuretech Podcast, host James Meads is joined by Ward Karson, Chief Operating Officer of Raindrop – an enterprise spend management suite based in California. So why don't companies use supplier relationship management systems, despite the fact that it would make sense for them to do so?

Supplier relationship management 40

Supplier relationship management Spend management Procurement Risk 40

Zycus Cognitive Procurement

JULY 30, 2021

SUPPLIER RELATIONSHIP MANAGEMENT (SRM) MATURITY IS CORRELATED WITH PROFITABILITY. Hence, procurement teams are compelled to scale up, scale down, pause, or even accelerate processes depending on the market situation and current supplier dynamics. Learn More: Vendor Management.

Supplier relationship management 52

Supplier relationship management Suppliers Management Procurement 52

Zycus Cognitive Procurement

JANUARY 24, 2023

It will ease out the processes of analyzing spend, managing relationships with customers/vendors and suppliers, automating source-to-pay (S2P) workflows, and fostering internal collaboration. However, the coming years will see a shift towards a more-structured approach to supplier relationship management.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Una

JUNE 15, 2023

Some may choose to handle direct procurement in-house while outsourcing indirect management. Others may choose not to outsource anything that needs the human or personal touch such as supplier relationship management. Supplier Relationship Management : Even relationships can be outsourced.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Una

JUNE 22, 2023

Partnering with the right GPO will help optimize your existing procurement strategy in a way that leads to increased cost savings and better overall spend management. Spend Analytics & Reporting We work closely with you to understand your goals and present a strategic plan and long-term strategy unique to your needs.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

Planergy

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. What's Planergy? Taking your time throughout the process ensures you get the best possible match. Download PDF What’s your goal today?

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Planergy

SEPTEMBER 8, 2022

Supplier Performance Management: How and What To Measure. Best Practices & Tips Supplier Performance Supplier Relationship Management. Measuring supplier performance is essential to maintaining a good relationship and ensuring that they continue to meet your standards. Download Free Copy.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Planergy

AUGUST 16, 2022

Supplier Development: What It Is, And How To Manage It. Best Practices & Tips Supplier Performance Supplier Relationship Management. Follow Up and Measure Improvements To ensure customer satisfaction, always schedule a time to follow up with your suppliers and measure improvement. Written by.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Empowering CPO

JUNE 20, 2023

However, when taken collectively, these costs can add up to a significant portion of a company’s total spend. Another misconception is that managing tail spend is more trouble than it’s worth. The company was able to recoup a significant portion of this loss by implementing a strategic tail spend management program.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Empowering CPO

JUNE 26, 2023

It enables healthcare organizations to evaluate supplier performance, assess contract compliance, and make strategic procurement decisions aligned with their financial and operational goals. Addressing tail spend can lead to significant cost savings and process efficiencies.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Planergy

JANUARY 12, 2023

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3. Best Practices & Tips Business Process Management (BPM) Supplier Relationship Management. What is Supplier Tiering? The Benefits of Supplier Tiering. What Are Supplier Tiers? Why Do Supplier Tiers Matter?

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Planergy

NOVEMBER 1, 2022

Ethical Sustainability & Responsibility Procurement Supplier Relationship Management. Preferred Supplier Program Benefits. PLANERGY makes it easy to store supplier information, designate approved and preferred vendors, and control which employees have access to what, for a streamlined procure to pay process.

Contract 52

Contract Suppliers Buyers Price 52

ivalua

MAY 9, 2019

These non-standard items, often referred to as Physician’s Preference Items (PPI), can present a challenge in terms of finding a qualified source and managing the cost and supply of the items. Those purchases, while indirect, do justify closer and more strategic supplier relationships, similar to a direct materials supplier.

Suppliers 145

Suppliers Management Risk Purchasing 145

ivalua

NOVEMBER 26, 2019

Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. Being on par with your top competitors does not give you a true competitive advantage.

Procurement 130

Procurement Sourcing Spend management Innovation 130

Planergy

DECEMBER 29, 2022

Building relationships with marketing agencies is just as important as managing any other part of your supply chain, whether you hire an agency full-time, or as a one-off. Use PLANERGY to manage purchasing and accounts payable. How Marketing Procurement Impacts an Organization’s Overall Success. Download PDF.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Jaggaer

OCTOBER 22, 2020

Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. Moreover, the bank lacked any collaborative supplier relationship management or sourcing tool.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Pipefy

MAY 23, 2023

Supplier relationship management Tension is never pleasant, but only those procurement professionals who pinpoint lacking supplier relationships can evaluate and rectify the situation. Coupa Coupa is a business spend management platform that allows users to manage expenditures.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. It ensures that suppliers’ products, services, and pricing are consistent, accurate, and up-to-date. What's Planergy? Download PDF What’s your goal today?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

ivalua

AUGUST 17, 2022

Redwood City, 17 August, 2022 – Ivalua, a global leader in spend management , today announced that O-I Glass Inc, an American Fortune 500 company headquartered in Perrysburg, Ohio, has selected its solution to streamline its Global Direct and Indirect Source-to-Pay (S2P) Processes. in 2021 and 24,000 employees. About Ivalua.

Sourcing 130

Sourcing Buying process Supplier relationship management Supply Chain Optimization 130

Una

MARCH 6, 2024

Purchase Order Processing Outsourced providers can handle the creation and management of purchase orders for goods and services. Supplier Relationship Management Yes, even certain relationships can be outsourced! You may decide to offload the burden of tail-spend management to a BPO provider.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Una

JANUARY 8, 2024

By fostering relationships with suppliers who are at the forefront of their industries, procurement can actively seek out partners that bring fresh ideas, cutting-edge technologies, and a mindset of continuous improvement, contributing to the overall innovative edge of the business.

supply chain budgeting 52

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

ivalua

AUGUST 1, 2022

In doing so, they have improved supplier collaboration and created a greater capacity for resilience, innovation, and continuous improvement. . How do these organizations build their supplier management programs? or a contractual relationship. Manage and mitigate the inherent risk of supplier relationships.

Suppliers 130

Suppliers Management Supply Chain Efficiency Supplier relationship management 130

ivalua

APRIL 15, 2020

April 15, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that its marquee annual event, Ivalua NOW 2020 , will transition from a physical event in Washington D.C. Redwood City, CA. to a virtual event, taking place on May 5 and 6, 2020.

Procurement 26

Procurement Innovation Spend management Supply chain 26

ivalua

JANUARY 29, 2020

The need for organisations to move quickly to protect and grow their business is not new, but through the last decade, the risks for those who don’t have grown. . Think about all those retailers who no doubt thought they would eventually develop a decent online offering – but there was no rush, was there?

Collaboration 213

Collaboration Innovation Agile and Lean Supply Chain Procurement 213

Supply Chain Game Changer

NOVEMBER 17, 2018

We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. The evolution of buying & expediting, which was so common early on, to strategic sourcing and supplier relationship management was a significant transformation through the 1990s and beyond.

Leadership 74

Leadership Supply Chain Optimization Supply chain Sustainability 74

ivalua

NOVEMBER 14, 2019

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! That’s significant.

Supply Chain Optimization 113

Supply Chain Optimization Data Suppliers Procurement 113

Procurement Software

NOVEMBER 14, 2023

Business spend management suites, including SAP Ariba and Coupa software, offer marketplaces with App-Store like functionality. Once a large, enterprise company chooses an enterprise business spend management software provider, they are unlikely to switch for several years, or even at all.

supply chain software solutions 52

supply chain software solutions Spend management Agile and Lean Supply Chain Risk 52

ivalua

MARCH 9, 2023

Ivalua Spend Management Insights [ivory-search] Let’s Get Digital: Introducing your Source-to-Pay Guide March 9, 2023 | | Source to Pay (S2P) by Vishal Patel In today’s highly competitive business environment, it’s essential for organizations to have a comprehensive Source-to-Pay (S2P ) solution to reduce costs, strengthen supplier relationships, (..)

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

Risk Management Strategies : Supplier qualification processes ensure reliability and quality. Diversifying suppliers avoids a single point of failure. Strong contract negotiation helps manage risks. Supplier Relationship Management : Build strong, collaborative relationships with key suppliers.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

Una

OCTOBER 25, 2022

The reduction in maverick spend, tail spend , and administrative burden of managing a huge supply base will also improve efficiency. Procurement professionals will be less consumed by endless supplier relationship management (SRM), negotiations, and the processing of purchase orders or invoices.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105