Spend Matters

NOVEMBER 7, 2024

Tasked with navigating the complexities of third-party risk within a legacy environment, I quickly realized the significant challenges posed by technical debt, outdated contracts and identifying business owners responsible for existing vendor relationships.

Supply Chain Efficiency 112

Supply Chain Efficiency Risk management Real-time Visibility Ethics 112

TYA Suite

OCTOBER 27, 2024

Strong vendor relationships are essential for operational success in the fast-paced corporate world of today. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.

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supply chain software solutions Supply Chain Efficiency Management Procurement 40

TYA Suite

MAY 23, 2025

Vendor lifecycle management refers to the process of managing a vendors relationship with your business from the very beginning to the end of the contract. It ensures that all stages of the vendor relationship are handled efficiently, reducing risks, improving performance, and strengthening the overall partnership.

supply chain software solutions 40

supply chain software solutions Management Vendor relationships Real-time Visibility 40

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. Procurement Insights: Broad trends and ethical sourcing guidance for global supply chain management.

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Procurement Supply Chain Optimization Ethics supply chain software solutions 40

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. CIOs recognized procurements role in optimizing IT spend and driving efficiency.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

ivalua

JUNE 10, 2020

The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. Today’s supply chain managers deal with higher financial risks than ever before.

Risk management 147

Risk management Risk Suppliers Management 147

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. appeared first on Supply Chain Game Changer™.

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Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 118

ivalua

APRIL 27, 2023

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives.

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Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. According to Supply Chain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.

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Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. Along with cost savings, procurement managers are focusing on optimizing and automating processes. Improved Vendor Relationships. Email Address.

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Supply Chain Efficiency Procurement Supply Chain Optimization Real-time Visibility 21

Planergy

MAY 8, 2025

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] 7] This proactive approach supports continuity and reduces the impact of supply chain disruptions.

Strategy 52

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

Procurement Tactics

JUNE 28, 2023

This allows for the identification and implementation of measures to mitigate any delays or obstacles in the supply chain by organizations. Procurify Procurify is equipped with a variety of tools that optimize your Procurement tasks. This approach promotes efficiency throughout the whole procurement process.

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Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Planergy

FEBRUARY 24, 2025

It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. Aggregated Spending Analysis: Build comprehensive spending reports that show total institutional expenditure, potential consolidation opportunities, vendor performance trends, and budget optimization strategies.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Insights

MAY 22, 2025

The most notable competitors include: Direct Competitors in Third-Party Risk, Compliance, and Lifecycle Management Competitor Core Focus/Strengths Exiger AI-powered platform for third-party and supply chain risk management, entity monitoring, and compliance automation. Summary Table: Certa.ai vs. Main Competitors Certa.ai

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Supply Chain Efficiency supply chain budgeting Stakeholder engagement Agile and Lean Supply Chain 40

Let's Talk Supply Chain

MAY 16, 2025

The US-China trade war is heating up againand it’s hitting where it hurts: your wallet, your favorite products, and global supply chain operations. Retailers Are Rerouting Supply Chains To avoid volatile Chinese trade routes, companies are nearshoring to Mexico, Vietnam, and other regions.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Optimization Supply chain Global sourcing 40

Supply Chain Game Changer

JANUARY 16, 2020

Subscribe to Supply Chain Game Changer. Here’s what you need to know about optimizing the processes of accounts receivable and accounts payable. Settling your accounts payable on-time is crucial to managing vendor relationships, building a trustworthy reputation , and avoiding penalties and fees that come from late payment.

Supply Chain Optimization 79

Supply Chain Optimization Vendor relationships Purchasing Supply chain 79

Una

FEBRUARY 6, 2025

This is similar to what fourth-party logistics (4PL) does for your business in the realm of supply chain management. In simple terms, fourth-party logistics (4PL) refers to outsourcing your logistics operations to a single partner who manages and optimizes the entire supply chain. Read on to find out.

Logistics 45

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 45

Empowering CPO

JULY 17, 2023

By taking on the complexities of procurement, these services allow businesses to focus on their core competencies, while reaping the benefits of optimized supply chains, cost savings, and improved vendor relationships. Enter EmpoweringCPO. Another major challenge is cost inefficiencies.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

TYA Suite

MAY 3, 2025

When vendor management is handled manuallythrough endless emails, spreadsheets, and phone callsit often leads to errors, inefficiencies, and missed opportunities. simplifies this process by providing a centralized platform where businesses can onboard vendors, track performance, manage contracts, and ensure complianceall in one place.

Vendor management 40

Vendor management Management supply chain software solutions Contract 40

Finale Inventory

JULY 29, 2024

A dealer acts as an intermediary within the supply chain, connecting manufacturers or distributors with end customers. The Role of Distributors in Ecommerce Distributors are essential in the ecommerce supply chain. Regularly review vendor relationships to adapt as your business evolves.

Inventory 52

Inventory Supply Chain Efficiency Vendor relationships Supply Chain Optimization 52

Empowering CPO

JUNE 20, 2023

As businesses increasingly rely on a diverse array of suppliers for their operations, the need for a well-structured vendor management system becomes all the more critical. It is through effective vendor management that businesses can ensure the reliability of their supply chain, optimize their costs, mitigate risks, and unlock innovation.

Vendor management 40

Vendor management Vendor relationships Management Supply Chain Efficiency 40

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? He had been with this company for decades and built not only the sales network, production, but also worked in systemizing supply chain and sourcing (in the hundreds of millions of dollars). Landgraf, CEO at Above the Standard ( [link] ).

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supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 79

TYA Suite

JUNE 2, 2025

It also makes it easier to enforce procurement policies, track spending, and maintain vendor relationships. , In this step, building vendor relationships and understanding the market are key. If a vendor does not deliver, raises prices unexpectedly, or has a shortage, the buyer may find themselves without options.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

Jaggaer

DECEMBER 13, 2024

By standardizing procurement activities, organizations gain visibility over spending, strengthen supplier relationships, and optimize cash flow management. By managing the transaction flow and payment process, P2P strengthens vendor relationships and improves cash flow, cornerstones of business continuity.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Arkestro

OCTOBER 29, 2023

Resources / Blog / 5 Chilling Challenges Facing Procurement Today 5 Chilling Challenges Facing Procurement Today From uncovering hidden supply chain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Jaggaer

DECEMBER 13, 2024

Automating both , and achieving frictionless integration with ERP systems, contributes to optimized operational efficiency. Historically, the buyer-vendor relationship was seen as adversarial. But in a healthy buyer-vendor relationship, both parties are winners. What is Order-to-Cash?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

Finale Inventory

SEPTEMBER 24, 2024

The Role of Purchase Orders in Inventory Management Purchase orders serve as a formal request for goods from a vendor. They play a vital role in maintaining accurate inventory levels and establishing a solid foundation for supply chain management. Finale Inventory provides the flexibility to handle such scenarios seamlessly.

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Purchase orders Purchasing Inventory Quantity 52

Pipefy

JANUARY 4, 2023

Escalating supply-chain volatility and inflation put pressure on procurement teams to “do more with less.” Some teams look to procurement automation to improve vendor relationships or reduce the amount of manual work required. That makes procurement automation more important than ever. What is procurement automation?

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Procurement Procurement team Purchase orders e2e 52

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 40

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Pipefy

JANUARY 5, 2023

Digital procurement is the use of technology to optimize and automate procurement processes and workflows. Manual tasks take up time that could be better spent on value-producing activities such as price negotiations or vendor relationship management. Nowhere is this more true than in the challenges to the supply chain.

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Procurement Procurement team supply chain software solutions e2e 52

Planergy

JANUARY 19, 2024

In this blog post, we’ll explore vendor analysis, its underlying processes and types, and best practices when implementing this critical tool in your organization. Read on to learn more about how effective vendor analysis can help you streamline your supply chain management efforts! What is Vendor Analysis?

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

SCMDOJO

MAY 27, 2025

Supply chain disputes can feel like a drawn-out tug-of-war, leaving both sides eager for resolution. If you are wondering what happens next after resolving supply chain conflicts, keep reading for practical insights into legal tasks, operational shifts, and financial adjustments.

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Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 74

Let's Talk Supply Chain

APRIL 7, 2025

In the intricate dance of pharmaceutical supply chains, efficiency is key to ensuring the safe and timely delivery of life-saving medications.In Streamlining Supply Chain Processes through Automation and Integration LOG Pharma has revolutionized its supply chain processes by leveraging automation and integration techniques.

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