ivalua

JULY 1, 2025

Reviewing coverage from strategic sourcing solutions and e-invoicing tools can help pinpoint where technology isn’t supporting your organization’s process maturity. Prioritize High-Impact Categories for Strategic Sourcing Category management involves applying strategic sourcing resources where they will deliver the most business value.

Procurement strategies 130

Procurement strategies Strategy Real-time Visibility Procurement 130

Procurement Freelancers

JULY 1, 2025

Strategic sourcing is more than just procurement; it’s a key driver of business growth. Here’s… The post 10 Ways Strategic Sourcing Can Drive Business Growth and Competitive Advantage first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 45

Strategic sourcing Strategic sourcing Sourcing Supply chain 45

Procurement Freelancers

JULY 14, 2025

Key Takeaways: Focus on Total Cost of Ownership (TCO): Strategic sourcing optimizes overall value, not… The post Beyond Cost Cutting: How Strategic Sourcing Adds Value to the Bottom Line first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 45

Strategic sourcing Strategic sourcing Cost of ownership Sourcing 45

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Resources: Online courses on strategic sourcing (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

Procurement 113

Procurement Competitive analysis Category management Strategic sourcing 113

Spend Matters

NOVEMBER 25, 2024

Overall, spend analytics plays a vital role in helping procurement teams drive strategic sourcing initiatives, enhance supplier relationships and ultimately contribute to the organization’s bottom line.

Procurement team 120

Procurement team Market analysis Strategic sourcing Strategic sourcing 120

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Here are some typical procurement objectives that every procurement professional should consider. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

Spend Matters

FEBRUARY 13, 2025

Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories. These tools helped Procurement to be more effective when engaging with stakeholders in strategic sourcing and competitive bidding activities.

Influencing 106

Influencing Procurement supply chain budgeting e2e 106

Spend Matters

MAY 1, 2025

Continuously refine procurement operations through benchmarking and strategic sourcing. Strengthen procurement integration with finance, IT and suppliers. Leverage AI to enhance supplier insights, spend analytics and risk management. The post How to implement a future-ready e-procurement function appeared first on Spend Matters.

Real-time Visibility 77

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 77

Skill Dynamics

JANUARY 14, 2025

They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff. A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

Spend Matters

DECEMBER 17, 2024

For those who do not have robust strategic sourcing to start with, the process efficiency, particularly for order-to-invoice to get the right price, will resonate most (i.e.: 2- and 3-way matching). Compliance is also a big factor for the companies that come to us.

Procurement 109

Procurement Change management Strategic sourcing Strategic sourcing 109

ivalua

JULY 21, 2025

Real-time spend and budget tracking features: Consolidating all spend information into a single system provides instant visibility across categories and business units to support strategic sourcing capabilities and better financial planning.

Real-time Visibility 100

Real-time Visibility e2e Procurement supply chain software solutions 100

ivalua

JUNE 12, 2025

This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. When done right, spend analysis enables cost savings, supplier optimization, risk reduction, and more strategic sourcing decisions.

supply chain budgeting 130

supply chain budgeting Risk Real-time Visibility Supply Chain Efficiency 130

CPO Rising

NOVEMBER 27, 2024

Join Ardent Partners and Coupa on December 11th (2 PM ET) as they discuss CPO 2025: Evaluating the Four Pillars of Strategic Sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

Procurement Insights

DECEMBER 11, 2024

This integration will streamline strategic sourcing, reducing cycle times and enhancing efficiency. **Cognitive Computing Integration** : Cognitive computing systems, which mimic human thought processes, will be integral to procurement.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Jaggaer

NOVEMBER 14, 2024

Strategic Sourcing with Superior Supplier Intelligence Superior supplier intelligence is a major value driver especially at the sourcing stage. Early Supplier Involvement (ESI) has been shown to shorten development cycles and lead times while reducing development costs and risks.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Arkestro

DECEMBER 26, 2024

By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. Strategic sourcing prioritizes developing long-term, value-driven relationships with suppliers rather than just chasing the lowest price.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 52

Jaggaer

FEBRUARY 20, 2025

Strategic sourcing becomes part of the process and ensures that the best vendors are selected, and that favorable deals are negotiated with them. This sequence of tasks is sometimes referred to as source to contract, and they form the upstream elements in S2P. Strategic sourcing: The word strategic is added for good reason.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Spend Matters

JULY 2, 2025

Here is why Market Dojo matters: To the market — Market Dojo is a modular e-sourcing platform on which procurement teams in mid-sized organizations can run RFx, auctions and supplier onboarding with minimal support, combining usability with strategic functionality. This content is for members only.

Sourcing 101

Sourcing Procurement team Supply chain resilience Buyers 101

Supply Chain Game Changer

JULY 19, 2025

Strategic sourcing, supplier collaboration, and bulk purchasing agreements can help optimize both cost efficiency and quality. A poor-quality product can damage your reputation and customer trust, ultimately costing you more in the long run. Instead of focusing solely on unit prices, consider the Total Cost of Ownership (TCO).

Supply Chain Efficiency 76

Supply Chain Efficiency Procurement supply chain budgeting Agile and Lean Supply Chain 76

Jaggaer

FEBRUARY 28, 2025

However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Optimization 52

Procurement Software

MARCH 16, 2025

You know that you shouldnt be paying Category Managers and Strategic Sourcing Managers their salaries to spend a third of their day on non-value-added tasks , but we all know it happens!

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

SCMDOJO

MARCH 24, 2025

Strategic Sourcing: Strategic sourcing involves managing suppliers, while their selection is done through Request for Quotation (RFQs) forms from multiple suppliers to compare and evaluate them based on pricing, quality, and delivery speed.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Spend Matters

APRIL 10, 2025

AI is the game-changer that allows procurement professionals to escape the cycle of transactional work and focus on what really moves the needle: strategic sourcing, supplier collaboration, and advanced analytics. Smaller teams, in particular, feel the squeeze and struggle to balance compliance, efficiency and innovation.

Procurement 107

Procurement Supply Chain Efficiency Supply Chain Optimization Procurement team 107

ivalua

MAY 10, 2025

Read Ardent Partners’ 2024 Strategic Sourcing Technology Advisor report , which explores eight solutions and market leaders in the strategic sourcing space. While ERP systems handle core finance and operations, they often lack the flexibility and procurement-specific features needed for modern, strategic sourcing.

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Procurement 130

Procurement Insights

MAY 3, 2025

Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supply chain management. AI, e-sourcing), spend analytics, and best practices. organizational founding, industry presence).

Procurement 40

Procurement Supply Chain Optimization Ethics supply chain software solutions 40

Spend Matters

MAY 14, 2025

Strategic sourcing, by contrast, is more tactical. It involves long-term planning, understanding internal priorities, mapping supply market trends and working closely with stakeholders. It is about running an RFx or finding new suppliers in response to a trigger, like a contract expiry, a supply issue or a cost-cutting initiative.

Category management 113

Category management Spend management Management Sourcing 113

ivalua

JULY 15, 2025

Leveraging newly attained levels of data transparency, they streamlined their network of more than 100k suppliers, optimizing margins and driving more strategic, effective spending. The biggest benefit is having a single source of truth in one centralized platform. Download the UPL case study.

Purchasing 130

Purchasing Purchase orders Real-time Visibility e2e 130

Skill Dynamics

FEBRUARY 4, 2025

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value. Strategic sourcing can also help reduce the overall risk in a given supply chain.

Procurement 59

Procurement Supply Chain Efficiency Ethics Supply Chain Optimization 59

Spend Matters

APRIL 23, 2025

For the past 12 years, Sammy Rashed has applied the experience he gained from being a procurement and strategic sourcing leader at Novartis and Merck to serve as the expert facilitator of several practitioners-only Procurement Think Tanks globally.

Procurement team 74

Procurement team Procurement Sourcing Data 74

ivalua

JULY 3, 2025

The most important ones are: Cost Savings: Measures reductions in total spend compared to prior periods — often through better contract negotiations, strategic sourcing, or process efficiencies. Explore Ivalua’s Strategic Sourcing Report to uncover actionable insights and drive smarter procurement decisions. Download now.

supply chain budgeting 130

supply chain budgeting Procurement e2e Agile and Lean Supply Chain 130

ivalua

JULY 23, 2025

E-procurement systems typically include modules for strategic sourcing, ordering, contract management, and invoicing. Explore how modern e-procurement solves real-world process inefficiencies. Watch Demo / Find Out More FAQs What are the main components of an e-procurement system?

Real-time Visibility 130

Real-time Visibility Procurement e2e Supply Chain Efficiency 130

ivalua

JUNE 5, 2025

A unified platform such as Ivalua’s Digital Procurement Solution can bridge the gap between strategic sourcing (procurement) and transactional execution (purchasing), delivering greater compliance in procurement, stronger supplier relationships, and tighter control over enterprise-wide spend.

Purchasing 130

Purchasing Risk Procurement e2e 130

Spend Matters

OCTOBER 31, 2024

The idea for True ValueHub was born out of the pain points our Founder, Gautam Pasari, experienced first-hand over the years working for various manufacturing companies while leading their strategic sourcing, category management and digital transformation functions.

Real-time Visibility 123

Real-time Visibility Supply Chain Efficiency Buyers Category management 123

Procurement Software

JULY 6, 2025

Today, let’s explore two areas where Procurement teams invest significant effort but struggle to receive proper recognition: Cost avoidance (including price increase deferrals) Value creation through strategic sourcing and supplier collaboration Why measuring Procurement only on Hard Savings is misguided Many companies exclusively recognise savings (..)

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

SCMDOJO

FEBRUARY 21, 2025

A well-defined procurement strategy doesnt just mitigate risksit adds significant value to your organization : Cost Savings: Strategic sourcing and supplier negotiations reduce procurement costs. Risk Reduction: A diversified supply base and contingency planning minimize disruptions.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59