Strategic sourcing supply chain budgeting Vendor relationships 
ivalua
AUGUST 6, 2025
While juggling decentralized requests, surprise renewals, and one-off contracts, enforcing policy and staying on budget is no easy feat. However, when left unchecked, mismanaged indirect procurement can cost a lot of money, pose audit risk, and a lack of transparency into who’s buying what – or why.
Spend Matters
MAY 1, 2025
A well-structured transformation journey ensures organizations progress from basic digitalization to advanced AI-driven procurement, enabling smarter decision-making, better compliance and optimized supply chain performance. When procurement lacks visibility into budget constraints or supplier performance, inefficiencies arise.
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Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
ivalua
JUNE 5, 2025
For enterprises, procurement and purchasing are closely linked but serve different roles in managing spend and supplier relationships. Procurement is a strategic function focused on selecting suppliers, negotiating contracts, managing supply chain risk, and ensuring long-term value creation.
Supply Chain Game Changer
JULY 24, 2025
In today’s varying and dynamic business environment, sourcing and procurement have matured from approaches to securing inventory to becoming important arbiters of strategic advantage. Originally written for Supply Chain Game Changer and published on March 4, 2025. appeared first on Supply Chain Game Changer™.
Procurement Insights
JULY 2, 2025
The 2007 article is a worthwhile read as it demonstrates the potential repercussions of excluding supply chain personnel in the early planning stages of an organization’s M&A strategy.) If it did, then 85% of all e-procurement and supply chain initiatives would not fail. SCADA in energy or Epic in healthcare).
Planergy
MAY 8, 2025
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 4] Automated Supplier Management is the New Standard: From onboarding to performance monitoring, automation tools are improving accuracy, compliance, and vendor relationships while easing the administrative burden. [5]
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