Spend Matters

OCTOBER 17, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. manufacturing and direct materials), a rarity in the procurement spend analytics technology market. Get to know all the procurement tech providers that made our lists this year.

Buyers 110

Buyers Real-time Visibility Sustainability Data 110

Spend Matters

OCTOBER 24, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — COVALYZE can save category managers and buyers significant time and money, as it takes away many of the manual processes historically required of these roles.

e2e 119

e2e Data interpretation Buyers Data 119

Spend Matters

OCTOBER 24, 2024

Additionally, it also uses a third-party data provider to bolster inflationary data and materials data. Why we chose COVALYZE We numbered COVALYZE among the Future 5 for 2024 because it can save category managers and buyers significant time and money, as it takes away many of the manual processes historically required of these roles.

Raw materials 111

Raw materials Category management Buyers Price 111

Spend Matters

JANUARY 10, 2024

Many category managers and buyers struggle with data transparency and aggregation. Here’s why Covalyze Matters: To the market — Covalyze offers deep parts analysis (price/cost-focused) for direct materials using AI to scan historic and customer-specific data. This content is for members only.

Raw materials 103

Raw materials Category management Buyers Price 103

The Network Effect

AUGUST 25, 2014

When supply disruptions occur the brand owner, having outsourced its bill of materials to a Tier 1 supplier, lacks visibility into which companies in its upstream supply chain might have been impacted. ” A social graph for the supply chain should visually depict all the linkages between buyers and suppliers throughout the world.

Supply chain 81

Supply chain Networking Bill of materials Supply 81

ivalua

MARCH 4, 2016

Software that is built for indirect spend will not function in critical areas such as breaking down bids and collaborating with suppliers at the bill of material level. Giving buyers the proper tools to become key business partners is not a “nice to have” scenario—it is a critical path to managing risk and ensuring success.

supply chain software solutions 100

supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

ivalua

MARCH 29, 2019

That change in the whole working relationship between buyer and suppliers, needed to support Meritor’s goals, has itself been supported by technology (that’s where procurement technology firm Ivalua comes into the picture). It struck me that the technology achieves two goals.

Collaboration 100

Collaboration Suppliers Procurement Bill of materials 100

Spend Matters

OCTOBER 17, 2024

The tool’s typical end users are commodity buyers and procurement leadership in manufacturing companies. Its cost savings toolbox and procurement performance management module ensure the tool is fit for strategic purposes.

Category management 113

Category management Sourcing Data Bill of materials 113

ivalua

APRIL 11, 2019

Firstly, the Bill of Material (BOM) capability enables the user to look at different options, to drill down, and easily create new sourcing events or invite offers from suppliers, then integrate that back into the BOM.

Bill of materials 100

Bill of materials Raw materials Suppliers Procurement 100

Supply Chain Game Changer

OCTOBER 1, 2019

This demand would be translated to bills of material and component requirements through manual or semi-automated means. Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

SCMDOJO

MARCH 19, 2024

Materials Planner Forecasts material needs based on production plans and sales forecasts. Creates and maintains bills of materials (BOMs) to specify components needed for each product. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries. Access yours here!

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at Direct Materials Sourcing solutions. What does a Direct Materials Sourcing solution do? Buyers can score each bid manually, and they can compare offers in a side-by-side view.

Sourcing 98

Sourcing Bidding Price Suppliers 98

The Procuretech Podcast

JULY 8, 2020

They're a company who are facilitating easier access to supplier data to help buyers in their negotiation preparation, as well as more general risk management assessment activities related to sourcing and supplier management. Time is scarce and access to the necessary knowledge isn't always straightforward.

Suppliers 40

Suppliers Bill of materials supply chain budgeting Negotiation 40

Supply Chain Action Blog

FEBRUARY 25, 2021

Supply chain planners or buyer/planners are people who must determine how much should be procured, when, and where. Purchasing or sourcing professionals, whose mission is to make sure that the purchase price is minimized, support the planning function, but purchase orders are issued by buyer/planners.

Raw materials 52

Raw materials Inventory Supply Chain Optimization Bill of materials 52

Supply Chain Game Changer

NOVEMBER 12, 2018

Especially when there are literally tens of thousands of skus (and their associated parameters), thousands of bills of material, hundreds of suppliers, frequent engineering changes, and fluctuating customer demand. Buying the components and parts you need to run the business is very critical.

Inventory 45

Inventory Management Agile and Lean Supply Chain Raw materials 45

Procurement Software

MARCH 5, 2024

It promises to assist with improving buyer and supplier collaboration. Part Availability Insights allow you to automatically search for all the parts and alternative options on your bill of materials (BOM) and part lists. It’s designed for both buyers and suppliers, offering tools for everybody in the supply chain ecosystem.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Supply Chain Game Changer

JANUARY 30, 2020

Yet many bills of material had cycle times of 1-2 weeks. In net, the buffers and the lack of focus that had crept in to the parameters over time were driving a ton of extra raw material which was largely just collecting dust on extensive warehouse shelves and consuming a lot of cash! 300 parts is a very manageable number.

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

Procurement Software

OCTOBER 17, 2023

As long as lead times, bills of material and material specifications are maintained for direct materials, then the remainder is likely not a priority. How can you convince your budget holder or economic buyer that this is a problem worth investing in to fix? Also, we haven’t considered indirect procurement spend.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

EazyStock

JANUARY 21, 2021

Link items to create a bill of materials for production. When obtaining optimal order points and order quantities buyers need to keep track of everything from minimum order quantities, to stock multiples, article replacements and ensuring adequate storage space.

Inventory 52

Inventory Management Quantity Order Fulfillment 52

Procurement Software

JULY 9, 2024

Monitoring PO statuses ensures that orders for direct materials and spare parts don’t lead to production stoppages. Not just stuck in a buyer’s email inbox, awaiting action. Not only this, but it can also help to facilitate a marketplace function between the buyer and potential suppliers.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Supply Chain Game Changer

NOVEMBER 16, 2018

Yet many bills of material had cycle times of 1-2 weeks. In net, the buffers and the lack of focus that had crept in to the parameters over time were driving a ton of extra raw material which was largely just collecting dust on extensive warehouse shelves and consuming a lot of cash! 300 parts is a very manageable number.

Inventory 43

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 43

Procurement Zen

AUGUST 3, 2019

A decent commodity strategy is key to any strategic buyers success. So for example, it doesn't really make sense to create a strategy, if next year we are launching a new product and the key commodity that is part of those materials or those bill of materials is no longer required or the demand will be halfed.

Strategy 52

Strategy Influencing Demand Suppliers 52

Spend Matters

MARCH 31, 2025

To support these efforts, manufacturers must provide accurate environmental data, and buyers procuring goods in this sector need seamless access to this critical data to ensure that their purchases align with sustainability goals and regulatory obligations.

Bill of materials 62

Bill of materials Management Market analysis Buyers 62

Jaggaer

JANUARY 29, 2025

Global supply chain reconfiguration Shift to other markets : US-based suppliers may lose out if international buyers switch to alternative sources to avoid retaliatory tariffs. The same can be said of other downstream buyers of steel such as construction and machine tooling firms.

Export 52

Export Price Bill of materials Demand 52