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Procurement and supplychainmanagement are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
EPISODE 137 Using Visibility to Combat SupplyChain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.
Highlighting 25 innovative US-based procurement startups, the episode provides valuable insights into emerging players who don't necessarily have the marketing presence and events budget of larger companies. Tune in to discover how these startups are shaping the future of digital procurement.
Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spendmanagement platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. FRDM FRDM is a software company specialising in supplychain risk management.
Improvements to end-to-end supplychain efficiency. These must be taken into account in order to save time and reducecosts. End-to-end supplychainvisibility ensures more synergy in cooperation. The graphic below show how P2P process sits within the entire S2P procurement flow.
Improvements to end-to-end supplychain efficiency. These must be taken into account in order to save time and reducecosts. Nonetheless, these are the main advantages of using P2P and S2P software: Hard Cost Savings (H3). Reduction in maverick spend (H4).
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