Remove Spend management Remove Supply chain Remove Supply Chain Efficiency
article thumbnail

Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Procurement and supply chain management 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 supply chain management, and explain where the biggest disconnects typically occur.

article thumbnail

Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations.

professionals

Sign Up for our Newsletter

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

article thumbnail

From Candy To Kidneys: The Impact of Spinoffs And M&As On Procurement And Supply Chain

Procurement Insights

(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.

article thumbnail

Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

Understanding these differences is essential for businesses that want to optimize operational efficiency and safeguard against costly errors. Aligning procurement and purchasing ensures efficiency, cost control, and reduced risk across the organization. What is Procurement?

article thumbnail

Source-to-Pay Digital Transformation: Roadmap for Efficiency and Resilience

Jaggaer

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Digital S2P platforms provide real-time insights into supplier performance, contract compliance, and spending patterns.

article thumbnail

Enterprise Spend Analysis: How to Reduce Cost and Risk

ivalua

When done right, spend analysis enables cost savings, supplier optimization, risk reduction, and more strategic sourcing decisions. Success depends on integration, transparency, and alignment with help from modern spend analysis software that supports trusted data, configurable logic, and cross-functional collaboration.

article thumbnail

What are the Key Digital Strategies in Logistics?

Supply Chain Game Changer

Supply chain software is a game-changing tool that offers immense opportunities for growth and success in the transportation services market. Nevertheless, the supply chain industry faces various challenges that can be effectively addressed through the utilization of high-performing software solutions.