Spend Matters

FEBRUARY 27, 2025

If all you have is an ERP system and no budget, you have to make the most of what you have, and Ive seen this in some companies. Even though the AI and automation tools of today can make it an easier exercise providing you have the budget its crucial that you get your data in order first. Dirty data will only sabotage your mission.

Procurement 73

Procurement Real-time Visibility Change management Data 73

Barkers Procurement

JANUARY 25, 2023

This Support Paper “Change Management” is free to download! Download Now P2P Transformation: Change Management A P2P transformation is a complex process involving people, processes and data. The very nature of transformation involves change.

Change management 52

Change management Management Influencing Internal analysis 52

The Network Effect

AUGUST 28, 2015

You might as well embrace that fact early, rather than spending years of time and millions of over-budget dollars trying to fit a square peg in a round hole. Just from the 3 examples above, you can see that there are several change management challenges ahead. So how could such a catastrophe be avoided?

Change management 68

Change management supply chain budgeting Supply chain Management 68

Jaggaer

FEBRUARY 27, 2025

You need to secure adequate budget, bearing in mind that you will also need to cover changes post-implementation. There is often a temptation to underestimate the budget in order to get it approved, which may lead to problems later. Hence the importance of change management to drive adoption.

Collaboration 52

Collaboration Procurement Change management Project management 52

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. In fact, 74% of ERP implementations go Over Budget and they take longer to roll out.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Skill Dynamics

JANUARY 14, 2025

Finance and Cost Management Being able to efficiently and effectively manage and control procurement budgets and general costs will lead to stronger financial control across your business , increased cost efficiencies, and a better allocation of resources, which allows you to enhance profitability and improve your team.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Templates

FEBRUARY 19, 2024

Evaluating the pros and cons of each design option, considering factors such as scalability, resource allocation, and change management requirements. Clarity and completeness of the proposal, including detailed work plan and budget. Clarity, completeness, and feasibility of the proposed work plan and budget.

Budget 130

Budget Change management Stakeholder engagement Collaboration 130

Spend Matters

FEBRUARY 25, 2025

The overlooked facets of digital Harvard Business Review wrote in What Everyone Gets Wrong About Change Management that Executives increasingly use the term transformation as shorthand for digital transformation. Our analyst writes that a few simple and pragmatic approaches can make the difference between success and failure.

Real-time Visibility 113

Real-time Visibility e2e Procurement Negotiation 113

Procurement Tactics

APRIL 27, 2023

Developing a vision and strategy Create a vision to guide change efforts. Do not only analyze the traditional financial plans and aspects but also keep an eye on the relationship between these plans and budgets. Communicating the change vision Use every possible way to communicate the new vision and strategies.

Sustainability 213

Sustainability Procurement Negotiation Strategy 213

Procurement Software

MARCH 16, 2025

Automated purchase orders, real-time budget tracking, and transparent approval processes help finance teams gain better visibility into spending patterns. If internal stakeholders can easily track order status, access budget reports, submit purchase requests without lengthy email chains, its a great start.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Supply Chain Game Changer

OCTOBER 28, 2021

Leadership acceptance, technology budget, and enhanced procurement resources are the first steps towards addressing this not-so-secret secret. Poor Data Quality, Scattered Tech Landscapes, Lacking Leadership Approval/Budgets. All along, we wonder why it’s difficult to receive a technology budget. Budget is Foundational.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Procurement Heads

APRIL 27, 2023

From there he moved to Avis Budget Group, where he established a global procurement and supply chain function before becoming General Manager/Managing Director for Avis Budget’s car rental and mobility businesses in Denmark and Sweden, from where he has just returned.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

From there he moved to Avis Budget Group, where he established a global procurement and supply chain function before becoming General Manager/Managing Director for Avis Budget’s car rental and mobility businesses in Denmark and Sweden, from where he has just returned.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Planergy

MARCH 10, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Education data management systems take the guesswork out of this process by providing actionable insights about where resources should be directed, which is especially helpful with GAG pooling.

Data 52

Data Management Budget Real-time Visibility 52

Arkestro

DECEMBER 5, 2024

These insights allow procurement teams to anticipate market changes, manage risks, and make proactive decisions that align with organizational goals. Automates Negotiations Arkestro’s powerful AI-powered capabilities help automate negotiations by predicting supplier behavior, market trends, and optimal negotiation strategies.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

TYA Suite

JANUARY 27, 2025

is essential for maintaining good relationships with vendors and ensuring that projects are completed on time and within budget. A procurement management system streamlines by centralizing contract information and automating contract lifecycle processes.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

Procurement Software

MARCH 30, 2025

Needless to say, the best tech won’t help you if you’ve not got the right people, a good change management playbook, and some budget to tackle your dirty data issues. Low user adoption Often linked to failed implementations, low adoption is usually a result of poor communication or execution of change management.

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Change management 40

ivalua

MAY 7, 2019

Beginners struggled most with lack of executive support and budget. And advanced departments struggled with integration across S2P processes and change management. If your suppliers aren’t onboarded, users can’t find what they need and have an excuse to go around your system.

Suppliers 145

Suppliers Eprocurement Quality Networking 145

IBM Supply Chain Blog

APRIL 19, 2023

Through the formation of this group, the Assessment Services division discovered multiple enterprise resource planning instances and payroll systems, a lack of standard reporting, and siloed budgeting and forecasting processes residing within a labyrinth of spreadsheets. It was chaotic.

Data 81

Data Budget Project management Risk 81

IBM Supply Chain Blog

APRIL 13, 2023

In a McKinsey study , 30% of CIOs believe that more than 20% of their technical budget for new products is diverted to resolving technical debt. Consideration 2: Business change management Transformation is often seen as bumpy road rife with costs and business slowdowns. It doesn’t have to be that way.

Change management 75

Change management Innovation Vendor management Management 75

Una

APRIL 6, 2023

Without rigorous contract management, up to 75% of cost savings can disappear within 18 months of signing. The good news is that with strong supplier relationship management ( SRM ), your organization can generate additional supplier value beyond what is in the contract.

Procurement 97

Procurement Supplier relationship management Supplier negotiation Contract 97

Procurement Software

MAY 16, 2023

It may feel like P2P suites are the sole preserve of large enterprises with huge budgets. Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right change management and procurement talent in place. But, we’re about to show you that need not be the case!

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Skill Dynamics

JANUARY 21, 2025

Remaining compliant with laws and regulations, managing contracts effectively, and mitigating any potential legal risks all add to the robustness of a supply chain and its ability to handle and avoid adversity. Finance Managing budgets and costs is a key element of modern supply chains.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Supply chain 52

IBM Supply Chain Blog

NOVEMBER 10, 2023

Once the review of the organization’s current system, workflow, and everyday functions are assessed it’s time to select the right ERP system that meets your business requirements, such as budget forecasting and pricing. An ERP software can be acquired in this first step if the requirements have been well-defined.

supply chain software solutions 113

supply chain software solutions Data Supply Chain Efficiency supply chain budgeting 113

Una

MARCH 16, 2023

Other reasons include risk reduction , creating a cost-conscious culture, and more effective change management when implementing new procurement processes, technologies, and strategic initiatives. Limited resourcing in terms of budget, technology, or personnel.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Planergy

JANUARY 16, 2025

Potential Pitfalls of Accounting Process Automation Change Management Implementing new technology often involves a significant shift in how tasks are performed, which may be bet with resistance from employees who are comfortable with existing systems.

Data 52

Data Purchasing Purchase orders Strategic planning 52

Barkers Procurement

MAY 17, 2024

The Barkers methodology, which incorporates key enablers such as supplier enablement and change management, alongside robust project management skills, was structured to ensure that all areas of the project were progressed and implemented in a controlled and measured way.

Project management 52

Project management Change management Budget Risk management 52

Planergy

OCTOBER 13, 2023

Download Free Copy GAG Pooling: What Is It, Challenges, and Benefits Written by Rob Biedron 18 min read Budget Management Education Financial Planning & Analysis (FP&A) Download PDF KEY TAKEAWAYS GAG pooling allows multiple schools within a multi-academy trust to group the GAG funding from each school into one central budget.

Budget 52

Budget Purchasing Real-time Visibility Spend management 52

Supply Chain Trend

MAY 8, 2016

Leadership Alignment: There is collective leadership and common language around purpose, vision, behaviours, strategic capabilities, balanced scorecard and budget objectives. 60% of organizations do not have strategic initiatives in the budget. This supports focused decision making, resource allocation and issue resolution.

Strategy 68

Strategy Leadership supply chain budgeting Budget 68

Jaggaer

FEBRUARY 5, 2025

In addition, budget-holding public sector organizations and higher education institutions seeking to deliver better value to taxpayers, students and other stakeholders will benefit from the savings and efficiencies that digital S2P can deliver. Board-level/C-Suite sponsorship is especially important. So, lets be blunt.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Spend Matters

JUNE 21, 2024

And you need stakeholder buy-in in order to align all their organizational goals and to transition to these new tools, because this is a change management topic to drive continuous improvement, not just for this one implementation, but for long term.” ” — Xavier Olivera, Lead Analyst, Downstream Procurement.

e2e 107

e2e Procurement team Procurement Contract 107

The Procuretech Podcast

MAY 30, 2023

Importance of change management in digital transformation We discuss how companies should first assess their current system and make sure they have the necessary resources to make the switch. Each organisation has different needs based on their industry, budget, and constraints, so there is no one-size-fits-all solution.

Procurement 40

Procurement Budget Change management Import 40

Procurement Software

MARCH 11, 2022

Ask yourself why it is that startups are so lean and agile… Then there are those processes that just create work for work‘s sake: Travel approval requests: Just give each manager a budget. But delegating workload to more junior team members is fully within the control of your department and budget.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Supply Chain Game Changer

MARCH 18, 2021

Procurement professionals surveyed in the 2019 CPO Rising study responded that limited budgets and lack of modern procurement technologies were the top seen as the top 2 hurdles for achieving procurement objectives between 2020–2022 (CPO Rising 2019). Leadership. Leadership is vital within any team. Excellence doesn’t birth itself.

Procurement team 61

Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61

The Procuretech Podcast

OCTOBER 10, 2023

In the first section, he discusses fundamental challenges and opportunities in procurement, highlighting the change management process during digital transformations as a significant hurdle. 00:06:18] Change management and communication. [00:09:13] 00:22:03] Tech companies cutting marketing budget. [00:25:48]

supply chain software solutions 40

supply chain software solutions Stakeholder engagement supply chain budgeting Supply Chain Efficiency 40

Solvoyo

DECEMBER 9, 2020

However, Project Management Institute (PMI) reports that 14% of IT projects fail outright before completion, 31% fail to meet their goals after completion, 43% exceed their budgets, and 49% are late. . Furthermore, it exposes process change issues and change-management requirements to increase the chance of success of any IT project.

Purchasing 52

Purchasing supply chain software solutions supply chain budgeting Supply Chain Optimization 52

Barkers Procurement

DECEMBER 1, 2022

Budget holders spending without the autonomy to do so? What budget can we commit towards this P2P transformation project and is it ring-fenced? The production of a change management plan. A robust communication plan is often the cornerstone of a strong change management plan. Invoices failing to match?

supply chain software solutions 52

supply chain software solutions supply chain budgeting Supply Chain Efficiency Budget 52