Remove Spend management Remove Supply chain Remove supply chain software solutions
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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.

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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. Who Owns It in the Enterprise Typically, direct procurement is managed by supply chain or operations teams. It also includes travel and consultant spend.

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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.

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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.

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

ivalua

While the terms procurement and purchasing are often used interchangeably, they address different aspects of an organization’s spend management. Procurement is the strategic, big-picture approach to sourcing and supplier relationship management, while purchasing is the tactical execution of those plans.

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Understanding the Total Economic Impact™ (TEI) of Ivalua

ivalua

How to Gain Similar ROI: Centralize supplier data and use analytics software to identify cost-saving opportunities. End-to-end automation of the Source-to-Pay Solution process to reduce the time consuming inefficiencies that occur between steps of the process. Increased procurement cost savings ranging between 2.25% and 2.35% annually.

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How to Improve Your Indirect Spend Management Strategy

Procurement Express

Facilities management : Maintenance, cleaning, and security services. IT services : Software subscriptions, cloud storage, and tech support. When you’re comparing direct and indirect spend, half the battle comes down to managing changes in the supply chain. What’s Behind This Disconnect?