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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. In this blog, we cover the key differences between procurement and supplychainmanagement, and explain where the biggest disconnects typically occur.
How Best-in-Class Companies Turn Indirect Spend Into a Competitive Advantage Top companies approach indirect spend strategically, using tools like indirect spend analysis and strategic sourcing to uncover cost savings opportunities. Heres how they do it: Educate teams on the hidden value of indirect spendmanagement.
Direct and indirect procurement are two fundamental approaches in supplychainmanagement, each serving distinct functions within an organization. One organization, Körber, has successfully unified direct and indirect spendmanagement, using Ivalua.
Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supplychainmanagement. AI, e-sourcing), spend analytics, and best practices. It serves analysts, procurement leaders, and managers.
While the terms procurement and purchasing are often used interchangeably, they address different aspects of an organization’s spendmanagement. Procurement is the strategic, big-picture approach to sourcing and supplier relationship management, while purchasing is the tactical execution of those plans.
Nevertheless, the supplychain industry faces various challenges that can be effectively addressed through the utilization of high-performing software solutions. Below are some common problems in supplychainmanagement and how they can be mitigated with the assistance of software solutions and digital strategies in logistics.
From reducing carbon footprints to ensuring ethical labour practices, these efforts create substantial long-term value that rarely appears in traditional savings reports.
Automated spendmanagement AI-powered spend analytics automatically reconcile procurement cost data with financial reports, reducing the risk of mismatched data and inaccurate financial forecasting. Offers S2C, P2P, supplier relationship management and supplychainmanagement with a focus on strategy and innovation.
From assistant to copilot to autopilot, JAI is a human-guided AI orchestrator revolutionizing supplychainmanagement Research Triangle Park, NC, 24th June 2025 — In the vibrant setting of its global customer REV event in Miami, JAGGAER today introduced to customers and partners its latest bold leap forward in enterprise procurement transformation.
(A PI Q&A) , A reader asked the following question: Aside from the basics of spend analysis and eliminating redundancy, I’m curious to hear of others’ experiences in dealing with mergers/acquisitions and how the cultural elements were addressed in terms of promoting the use of preferred vendors and the adoption of expense management policy.
Within its broader portfolio of 727 investments, KKR is involved in enterprise software and technology, which includes solutions that likely overlap with ProcureTech domains such as supplychainmanagement, procurement, and enterprise applications. Are Coupa and Ivalua competitors?
i2 Technologies : Specializing in supplychainmanagement, i2 Technologies offered procurement solutions that integrated with broader supplychain processes. Manugistics : Focused on supplychain and logistics, Manugistics provided procurement tools to enhance sourcing and supplier management.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. What's PLANERGY? Download PDF Whats your goal today?
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. The data insights into spendmanagement make spotting cost-saving opportunities easier. What's PLANERGY? Download PDF Whats your goal today?
Virtual CFO tools range from cloud-based accounting platforms to cash flow forecasting, budgeting, and spendmanagement software. Thats why vCFOs need a spendmanagement solution to streamline purchasing, prevent maverick spending, and maintain real-time budget visibility.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. PLANERGY as the Backbone of Resilient School SupplyChains Integrating technology into supplychainmanagement is no longer optional, its required.
Considering the above, the following high-level comparison between ConvergentIS and SAP Ariba demonstrates how the agent-based model will be the dominant force that drives procurement and supplychain automation in 2025 and beyond. Key Products: Ariba Network, Spend Analysis, Strategic Sourcing Suite, and Contract Management.
SAP Ariba : A leading procurement software company, SAP Ariba offers a comprehensive suite of solutions for supplier management, strategic sourcing, procurement, and financial supplychainmanagement.
CPO Rising’s Technology Round-Up series continues this week with fresh supplymanagement technology news and updates covering a few recent major announcements.
In addition to this the IDC MarketScape highlights the following as a key strength: BOM Management provides significant business value, and the introduction of BOM Costing, infused with automation and AI, provides an intuitive integration to direct spendmanagement.
Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers , Source to Pay , SpendManagement , SupplyManagement , Technology Tags: PRO I attended Coupa’s annual Inspire conference this year and was excited to finally attend a large event rather than just small meetings with clients and colleagues.
83% fear the biggest disruption from Brexit is yet to come, while increasing supplychain disruption caused revenues to drop by an estimated 18%. With supplychains being shocked at shrinking intervals, organisations must work to future-proof supplychains. London, UK, 28th November, 2022. added Saric.
To conclude the series, today we look at a novel approach to spendmanagement that can "close the loop" between procurement and supplychainmanagement and other key business functions to help organizations be more proactive in their quest for a more sustainable and responsible business.
Categories: Analysis , Procurement Systems & Architecture , SpendManagement , SupplyChain , SupplyChainManagement , Trade Financing Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Trax, a Transportation SpendManagement (TSM) solution.
Categories: Solution Providers , SpendManagement , SupplyManagement , Technology Tags: Coupa Inspire , EU , supply We are witnessing a pivotal change in the market for some of the big source-to-pay (S2P) suite players (like Coupa, SAP and their peers) as they move toward a broader platform and ecosystem approach.
Templegate Technologies , is a alliance partner for award winning Cloud Software Solution in Procurement Automation & SpendManagement. Founded by an Team of IT professionals who have spent decades in Technology companies like SAP, Oracle and Infor working in the area of SupplyChainManagement.
The right software can guarantee better fleet management and more efficiency which can translate to increased profitability overall. This echoes JAGGAER’s focus on better spendmanagement for a host of industries including the supplychain. Manual labor can be inefficient and lead to poor spendmanagement.
Research from Ivalua , a leading global spendmanagement cloud provider , has revealed that less than a quarter of UK businesses have comprehensive and fully implemented plans and KPIs for improving the sustainability of goods and services. Ivalua is a leading provider of cloud-based SpendManagement solutions.
Because spend visibility is the cornerstone of uncovering key insights, trends and new opportunities that can bring added value and benefits to the business. As a result, many procurement and supplychain leaders are turning to tech solutions to help them. What is Simfoni doing to address these customer challenges?
Many organisations continue to find their complex expense categories difficult to accurately understand and effectively control, even with dedicated experts in Indirect Sourcing, Corporate Procurement and SupplyChainManagement and applying practices that have successfully brought other categories under management.
In no order of preference, other than by the date they arrived in our inbox, today let’s hear from: Donna Wilczek, EVP Strategy and Innovation at Coupa , spendmanagement suite provider and one of Spend Matters 50 Procurement Providers to Know.
Direct Procurement, also referred as direct spendmanagement, or direct sourcing is the end-to-end process organizations follow to manage the procurement of direct materials – in other words any materials, parts or components used to make a product. What is Direct Procurement?
Sean advises C-Level executives on a regular basis and has been featured in a variety of books ( Essentials of SupplyChainManagement ), newspapers (USA Today), and internet media sites (Yahoo! Prior to joining Ivalua, Sean held sales and operational leadership roles in several supplychain technology organizations.
Now in fairness to CEOs if you don’t have strong leadership from your SupplyChain team, then they are likely just playing and perpetuating the traditional roles and long held paradigms of what SupplyChain is. It clearly manages supplier payment terms and conditions, defining Accounts Payable.
Ivalua SpendManagement Insights [ivory-search] 2023 Ivalua NOW Nashville: Recap + Photos! Finally, Archie Mekonnen and Brent Graves , Applied Materials delivered “ManagingSupplyChains in the Age of Volatility” to address the future of supplychainmanagement.
Partnering with a GPO certainly isn’t the only option when it comes to keeping your business operational but working with the right GPO can help insulate companies against inflation and mitigate the risks associated with independent supplychainmanagement. Here’s how: Better pricing.
The hallmark of the domain of the CPO role is SpendManagement and requires a profound skill set. If such a role is replaced by a CVO special care must be taken to assure that the SpendManagement discipline is not compromised. What do you think?
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supplychainmanagement, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.
In addition to the above, EmpoweringCPO also offers Tail SpendManagement services, which focuses on managing the often-overlooked bottom 10% of an organization’s spend. Integration with SupplyChainManagement: The integration of spend analysis with supplychainmanagement is gaining prominence.
In addition to negotiating discounts, group purchasing organizations may also provide other services such as supplychainmanagement , procurement consulting, and logistics support.
In addition to negotiating discounts, group purchasing organizations may also provide other services such as supplychainmanagement , procurement consulting, and logistics support. Benefits of working with a group purchasing organization.
” Here is the first post on Zycus – “ Doing What Comes Naturally: Accessing Zycus SpendManagement Innovation Through A Simplified and Practical User Interface (Zycus Inc. ” In both of the above posts, you can see the elemental roots of the companies’ evolution to where they are today.
Data Quality and Integrity You need strong quality data for supplychainmanagement, as the wrong data could leave you with missed opportunities and lower profits. Find the carriers that you work with most often and learn more about their contingency plans, and look for carriers you can use should they become unavailable.
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