Spend Matters

MARCH 12, 2025

This Spend Matters Vendor Analysis gives an overview of Forestreet, a supplier discovery solution. That is why supplier scouting/discovery is making a comeback (after years of putting ‘supplier rationalization’ at the top of every organizations priority list). This content is for members only.

Suppliers 77

Suppliers Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency 77

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

TYA Suite

MAY 23, 2025

Managing a successful supply chain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Supplier collaboration refers to the strategic process of working closely with suppliers to improve the efficiency, quality, and overall performance of the supply chain.

supply chain software solutions 40

supply chain software solutions Collaboration Supply Chain Efficiency Suppliers 40

Spend Matters

NOVEMBER 13, 2024

When we talk about reputational risk, we refer to damage to a company’s name or brand resulting from the negative actions (inadvertent or not) of a top-tier supplier or sub-tier part of the supply chain. Often they are the result of a supplier cutting costs and corners. What causes reputational risk The causes come from many quarters.

Risk 113

Risk Supply Chain Efficiency Supply chain Suppliers 113

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. Workshops on negotiation and supplier relationship management.

Agile and Lean Supply Chain 130

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

Spend Matters

APRIL 22, 2025

This Spend Matters Vendor Analysis gives an overview of Enlighta Spice, a supplier governance and risk solution built to manage performance and risks related to external spend with a focus on services spend. This content is for members only. Visit the site and log in/register to read.

Risk 67

Risk Suppliers Risk management Supplier relationship management 67

Let's Talk Supply Chain

MARCH 2, 2025

In this fast-paced economic landscape, the importance of strategic supplier relationship management cannot be overstated. Join ‍us as we delve into the world of Supplier Relationship Management, unlocking the secrets to success in the face ‍of tariff uncertainty.

Supplier relationship management 52

Supplier relationship management Data Suppliers Supply chain resilience 52

Spend Matters

OCTOBER 31, 2024

Traditionally, procurement was very focused on a firm’s financial health, and controls regarding these aspects have been in place for quite a long time (this is why all major supplier management solutions have had D&B integrations for more than 20 years). However, things are very different today. This made the most logical sense.

Risk management 117

Risk management Risk Import Real-time Visibility 117

Spend Matters

OCTOBER 31, 2024

A network approach where suppliers maintain rich information on their cost structures (SG&A, machine rates, etc.) Instead of using RFXs, buyers and suppliers could benefit from the cost modeling and calculation capabilities to define and optimize prices of parts and products. to provide deep and accurate insights and auto-costing.

Buyers 117

Buyers Raw materials Networking Suppliers 117

SCMDOJO

JANUARY 9, 2025

Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Done well, it can become a key driver of competitive advantage.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Spend Matters

DECEMBER 16, 2024

It ensures that organizations have the right materials sourced from the right suppliers at the right time and for the best cost, making tariff management a natural part of these processes. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle.

Agile and Lean Supply Chain 112

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 112

Spend Matters

DECEMBER 23, 2024

Metrics around supplier consolidation and spend concentration are also common. Customers use Onventis to consolidate suppliers and negotiate better terms. Customers emphasize how procurement technology safeguards against non-compliance penalties and helps maintain preferred supplier standards.

Procurement 123

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 123

Spend Matters

JANUARY 7, 2025

From the measurement of greenhouse gas reductions (Scope 1, 2, and 3 emissions) to the percentage of procurement spend directed toward suppliers using renewable energy, the ability of our software to visualize quantitative data efficiently is central to buying decisions.

supply chain software solutions 117

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 117

Spend Matters

NOVEMBER 4, 2024

By providing a unique supplier portal that integrates data from various ERP systems, IDAS helps manufacturers maintain on-time delivery rates, ensuring operational efficiency and stability in complex supply chains. It leverages data to provide customers with insights to ensure supply continuity. This content is for members only.

Supply Chain Efficiency 116

Supply Chain Efficiency Management Supply chain Buyers 116

Spend Matters

OCTOBER 30, 2024

These issues can affect direct suppliers, but they can also occur anywhere throughout the supply chain, e.g., sub-tier suppliers, shipping and other logistics service providers. Finding new sources of supply: Securing alternative sources of supply from unaffected suppliers is time-consuming and not without risk.

Risk 112

Risk Buyers Suppliers Supply chain 112

Spend Matters

NOVEMBER 25, 2024

Spend analytics is crucial for procurement teams as it provides valuable insights into the organization’s spending patterns, supplier performance and potential cost-saving opportunities.

Procurement team 120

Procurement team Market analysis Strategic sourcing Strategic sourcing 120

Spend Matters

NOVEMBER 7, 2024

Halo Ai builds its supplier risk profiles via third-party data providers and web-sweeping techniques; it does not allow for supplier self-reporting without using external sources for validation. For example, there is no supplier portal for advanced collaboration, and custom KPIs or reports are not yet available.

Risk management 114

Risk management Risk Suppliers Supply chain 114

SCMDOJO

OCTOBER 28, 2024

By understanding the S&OP process, procurement teams can make more informed decisions, improve supplier relationships, and support overall business growth. They can get involved in the Demand Review of S&OP and see the NPI pipeline and also any changes in product design changes and communicate with suppliers proactively.

Procurement 96

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 96

Spend Matters

NOVEMBER 26, 2024

Many spend analytics vendors apply that analytical expertise elsewhere, such as contracts, carbon emissions or supplier performance. Spend analytics vendors do what their name implies: they derive insights from spend data. However, that is not all they are capable of doing.

Risk management 119

Risk management Risk Management Contract 119

The Thomas Blog

JANUARY 15, 2025

Here at Thomas , we've been powering North Americas largest and most active network of B2B buyers and industrial/commercial suppliers for more than 120 years. We understand the challenge of finding the best and most reliable suppliers. Thomas makes it easy to filter search results to find the suppliers that fit your needs.

Sourcing 98

Sourcing Export Suppliers Quality 98

Spend Matters

OCTOBER 31, 2024

Today please get to know True ValueHub From our recent analyst-written Vendor Analysis : Here’s why True ValueHub matters: To the market — True ValueHub offers deep parts analysis (price/cost-focused) for direct materials using AI and deep supplier insights. What is the road ahead for True ValueHub? “We

Real-time Visibility 123

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 123

Spend Matters

NOVEMBER 19, 2024

For example, if a supplier fails, there should have been leading indicators of their impending failure. Finally, customers are worried about the lack of visibility into sub-tier suppliers. While most have insight into their top-tier suppliers, they often don’t know what’s happening further down the supply chain, making them vulnerable.

Risk management 113

Risk management Risk Management Real-time Visibility 113

Spend Matters

JANUARY 7, 2025

Think of all suppliers as partners integral to operational efficiency. Poor supplier performance can lead to delays, unmet project timelines and increased costs, ultimately affecting your organizations ability to meet its goals. This isnt something to take lightly.

Procurement 119

Procurement Purchasing Vendor relationships Suppliers 119

Procurement Tactics

FEBRUARY 19, 2023

Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data. Additionally, it can identify potential suppliers based on their industry, location, or product/service offerings. Here are some ways ChatGPT can help procurement professionals: 1.

Procurement 287

Procurement Market analysis Contract Suppliers 287

Spend Matters

NOVEMBER 19, 2024

Also, limited headway in resolving risk is possible, even without deep supplier connection that is built on several years of engagement. Recent electoral results that may impact the supply chain from China Risk identification: Associations, suppliers, press releases. Risk planning and mitigation by in-depth project planning.

Risk 113

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 113

Spend Matters

MAY 1, 2025

It is now a strategic enabler of operational efficiency, cost savings and supplier innovation. Heres where e-procurement processes often break down: Fragmented catalog and supplier management: Inconsistent supplier onboarding and unstructured catalogs result in pricing discrepancies and procurement delays.

Real-time Visibility 74

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 74

Spend Matters

JANUARY 23, 2025

This, given the productivity constraints of modern strategic sourcing teams, means that they often must choose between refining the assumptions and calculations in their model and doing other things, like studying the broader market, building supplier relationships or solving tactical challenges like shortages. supplier count, event size).

Price 106

Price Negotiation supply chain software solutions Supply Chain Optimization 106

Spend Matters

APRIL 10, 2025

The days of relying solely on traditional processes to manage suppliers, contracts and spend are quickly fading. 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.

Supply Chain Efficiency 105

Supply Chain Efficiency Supply Chain Optimization Procurement Procurement team 105

Spend Matters

NOVEMBER 7, 2024

Expansion into Supplier Performance Management, Supplier Portal and Documents leveraging its existing capabilities, Halo Ai can provide unique insights into supplier performance by analyzing historical data, trends and feedback, allowing organizations to monitor supplier effectiveness and optimize procurement decisions.

Supply Chain Efficiency 113

Supply Chain Efficiency Risk management Real-time Visibility Ethics 113

Spend Matters

FEBRUARY 13, 2025

That system could tell you, for example, that the company had spent $XX million with a supplier on a particular ingredient or package. But to make its potato chips, Utz buys many different materials from many different suppliers, and Procurement needed greater data granularity.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103