Spend Matters

FEBRUARY 13, 2025

That placed new commitments on the company in addition to all of the other challenges everyone was facing at the time such as a focus on growth, innovation and operational excellence. Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Spend Matters

MARCH 11, 2024

So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week. PSI is a good place not only to hear from but to meet the innovators in this space, not just the developers and service providers but the people who interact with them. with a new CFO, or new budget.

Procurement strategies 111

Procurement strategies Innovation Strategy Procurement 111

IBM Supply Chain Blog

JULY 26, 2023

Zero-Based Budgeting (ZBB) is like solving a financial puzzle. Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. Learn more about IBM Planning Analytics What is Zero-Based Budgeting?

Budget 56

Budget Data Cost optimization Collaboration 56

Procurement Tactics

MAY 22, 2023

Costs This refers to the proposed budget or pricing of the proposal, including any relevant costs such as labor, materials, and equipment. Of course, if the bid is much higher than the budget, then the company is more likely to not accept that bid. Tell the vendors what you want Vendors put a lot of effort into creating proposals.

Bidding 212

Bidding Budget Negotiation Quality 212

IBM Supply Chain Blog

JUNE 10, 2024

In this blog, we’ll explore how businesses can use both on-premises and cloud XaaS to control budgets in the age of AI, driving financial sustainability without compromising on technological advancement. Embracing a culture of experimentation helps businesses drive innovation while minimizing financial risk.

Budget 62

Budget Innovation Sustainability Demand 62

Spend Matters

FEBRUARY 5, 2025

Procurement has evolved from a back-office function to a strategic driver of innovation and value. The case for procurements digital transformation As mentioned, the relationship between digital enablement and procurement performance (efficiency, effectiveness, innovation) is clear. Lets explore these aspects.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

Spend Matters

FEBRUARY 26, 2025

With limited funding, labor shortages and rapid technological advancements, public sector organizations must find innovative ways to maintain or even improve service quality with fewer resources. Doing more with less A recurring theme throughout the summit was the pressing need for organizations to do more with less.

Procurement 116

Procurement Bidding Contract management Data 116

Planergy

SEPTEMBER 6, 2023

Download Free Copy Strategic Budgeting: What Is It, Process, and Best Practices Written by Lyle Del Vecchio 17 min read Best Practices & Tips Budget Management Process & Procedures Download PDF KEY TAKEAWAYS Strategic budgeting combines long-term budgeting with an organization’s strategic priorities.

Budget 52

Budget Real-time Visibility Innovation Data 52

Planergy

FEBRUARY 24, 2025

Educational leaders use strategic procurement to negotiate favorable contracts, explore innovative solutions, and drive institutional efficiency. This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

ivalua

SEPTEMBER 28, 2020

After this came the next AP Automation project, and ever so slowly, innovation just became the norm, now it’s legacy Invoice Processing. The Purchase Order has been touted as the only way to manage ‘maverick’ spend (stopping off budget expenditure), but it’s also a way to automate invoice processing. When shall we pay the Supplier?

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

IBM Supply Chain Blog

NOVEMBER 10, 2023

However, to truly drive innovation at scale, EDA leaders need massive computing power. As Cadence continues to drive computational software innovation, continuous operations are critical to optimizing operations across its business unit teams that are responsible for delivering chip and system design software to customers at a rapid pace.

Innovation 82

Innovation Demand Budget Risk 82

IBM Supply Chain Blog

APRIL 21, 2023

And second, in Redesigning brand values: Purpose and profit converge in core operations , authored by IBM and The Consumer Goods Forum, surveyed consumer goods leaders share that they estimate technology budgets will grow by 34% over the next three years.

Sustainability 78

Sustainability Innovation supply chain software solutions Real-time Visibility 78

Let's Talk Supply Chain

MARCH 24, 2025

This unpredictability makes it challenging for businesses to effectively budget and plan ‍for the future. Strategies for mitigating Disruptions in Supply Chains Amid the chaos of tariff mandates affecting global electronics supply chains,companies are exploring innovative strategies to mitigate disruptions.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Demand 52

Procurement Tactics

AUGUST 25, 2022

Trillion budget. . Suppeco allows its customers in any industry to optimize its customer-supplier ecosystem to push for innovation and growth. She is certified in leading corporate sustainability & innovation by Harvard University and Organizational Leadership by Cornell University. Stephany Lapierre. Sheri Hinish.

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

ivalua

NOVEMBER 18, 2020

This can create new revenue opportunities, unlock innovation and improve profitability. In today’s turbulent landscape, businesses must digitally transform procurement so they can identify opportunities to innovate, collaborate and grow revenues. No progress on digital transformation.

supply chain budgeting 130

supply chain budgeting Collaboration Innovation Suppliers 130

ivalua

APRIL 28, 2023

Ivalua Spend Management Insights [ivory-search] Payment Cards FAQ: More Cash Rewards, Less Effort April 28, 2023 | | Innovation by Steve Carter Unlock your Payment Solution Organizations are rethinking their traditional payment methods as they seek to maximize savings while securely streamlining the invoicing process.

Innovation 130

Innovation Purchasing supply chain budgeting Contract 130

Procurement Tactics

APRIL 19, 2023

Ultimately, sustainable goals are what drive the procurement process to keep innovating and improving. Furthermore, your goals in sustainability are what drive you to innovate and think of new ideas, while incorporating sustainability in your procurement process. Why is it Important?

Sustainability 165

Sustainability Procurement Supply Chain Efficiency supply chain budgeting 165

Planergy

MARCH 10, 2025

Optimize Energy Usage Energy consumption often makes up a large share of a schools budget. Streamline Administrative Processes Administrative work, such as budgeting, payroll, and reporting, may hide additional costs caused by inefficiency. Conduct Energy Audits Start by performing an energy audit to determine where money is wasted.

Strategy 52

Strategy Management Budget Spend management 52

Procurement Templates

FEBRUARY 19, 2024

Effective organization design can help improve agility, innovation, and overall performance within an organization. Foster a culture of collaboration, innovation, and employee engagement. Clarity and completeness of the proposal, including detailed work plan and budget. Methodology and approach to organization design.

Budget 130

Budget Change management Stakeholder engagement Collaboration 130

Procurement Insights

NOVEMBER 18, 2024

Offers insights into emerging trends and supplier innovation. If budget allows, McKinsey and Gartner offer unparalleled depth for large-scale needs. For a blend of practical, innovative, and accessible guidance, combining insights from Jason Busch, Jon Hansen, and Kelly Barner can offer a well-rounded approach.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting supply chain software solutions Ethics 40

ivalua

APRIL 23, 2021

One of the most interesting suggestions is that a procurement team should take a service mindset when working with the budget holders within the organisation. By supporting the budget holders they can then deliver value to the organisation.

Collaboration 130

Collaboration Procurement team supply chain budgeting Bill of materials 130

Procurement Software

FEBRUARY 9, 2025

The procuretech space is dominated by solutions geared towards larger enterprises with substantial budgets. Recognising this, the solutions listed typically offer pricing models that are transparent and affordable, often structured to fit within budget constraints without compromising on functionality. That’s not our philosophy.

Procurement 59

Procurement Price Budget Procurement team 59

Procurement Templates

JUNE 18, 2023

Sharing information, insights, and strategies can foster innovation and identify mutually beneficial solutions. Encourage team members to identify and implement cost-saving initiatives, streamline processes, and explore innovative sourcing strategies. Budgetary pressures: High inflation can disrupt budget planning and forecasting.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Templates

APRIL 15, 2024

Here’s how each of these traits might influence procurement: Openness to Experience: Innovation Preference: Individuals high in openness tend to be more open to new ideas, technologies, and approaches. In procurement, they might be more inclined to adopt innovative solutions or new suppliers that offer unique products or services.

Influencing 130

Influencing Negotiation Risk Innovation 130

ivalua

AUGUST 17, 2021

Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

Real-time Visibility 130

Real-time Visibility Suppliers Innovation Contract 130

Planergy

MARCH 18, 2025

Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. The schools procurement team ensures schools can order the necessary items while maintaining the budget and standards. directly impact procurement budgets.

supply chain budgeting 52

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

ivalua

JANUARY 31, 2022

While the procurement industry is consistently evolving and shifting, supply management professionals across the globe have had to quickly prepare for change and innovation in technology, business regulations, and the general speed of commerce. . Inflation will Continue to rise in 2022. The Best Way Forward for 2022.

Procurement 130

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

Planergy

MARCH 24, 2025

Diversifying revenue streams isnt just a safeguard against financial uncertainty; its a strategy to ensure consistency, innovation, and sustainability across all schools within the trust. Digital Transformation and MAT Revenue Innovation Digital innovation opens up new opportunities for MATs to diversify revenue across their schools.

Sustainability 52

Sustainability Real-time Visibility Spend management Innovation 52

Procurement Tactics

JANUARY 23, 2023

A transport management system is an innovative software used to make the transportation of goods and services throughout a company more efficient. It is capable of offering a range of solutions to provide support in multiple aspects of the operation, from planning and tracking to budgeting.

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

Una

SEPTEMBER 27, 2022

This time of year is also when most companies focus on next year’s operating budget. Leaders of IT departments (CIOs, IT Directors, and IT Managers) everywhere will review last year’s budget and formulate their thoughts on what IT spending will be for the next fiscal year. Identify some "wants" to your budget. It’s Fall, ya’ll!

Budget 97

Budget Inventory Contract Purchasing 97

ivalua

SEPTEMBER 2, 2020

Real time cost value reconciliation ensuring on budget delivery. New savings through procurement innovations such as catalogues and e-auctions. By leveraging the pre-packaged solution customers gain: Complete visibility of the whole supply chain minimising subcontractor risk.

Spend management 26

Spend management Agile and Lean Supply Chain Management Real-time Visibility 26

Una

FEBRUARY 6, 2023

“Given that spending on suppliers—the job of procurement—accounts for more than half of a typical company’s total budget, this makes no sense,” the authors argue. “In In effect, it means that CEOs spend next to no time either thinking about or being actively involved in how their companies spend more than half of their budgets.

Procurement 98

Procurement Budget Supplier relationship management Suppliers 98

ivalua

AUGUST 29, 2019

Procurement is perfectly placed to help manage this growing risk landscape, support innovation and create sustainable cost savings. Purchasing (45%), invoicing (41%) and budget management (39%) are the most digitised processes to date. However, the lack of digitisation is holding Procurement teams back.

Procurement 164

Procurement supply chain budgeting Procurement team Supply chain 164

Planergy

MARCH 19, 2025

However, budget restrictions and transparency requirements present challenges. Supplier management involves selecting, evaluating, and maintaining supplier relationships to ensure timely delivery of goods and services within budget. What is Supplier Management? Open communication fosters trust and accountability.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Skill Dynamics

OCTOBER 18, 2023

Additionally, if your employees are highly proficient, they can help to create an atmosphere that fosters innovation and can even influence your business’ stock market performance. A proficient team will drive innovation Skill proficiency and innovative thinking are closely intertwined.

Innovation 52

Innovation supply chain budgeting Supply chain Supply 52

Procurement Tactics

APRIL 20, 2023

To give you an example, there is a law in Kenya that requires all public entities both at the national and county level to allocate 30% of their procurement budget to youth, women, and people with disabilities. Also, you could source from indigenous and other diverse suppliers, creating employment opportunities for vulnerable populations.

Sustainability 204

Sustainability Procurement strategies Negotiation Procurement 204

Barkers Procurement

JANUARY 13, 2025

Challenge Solution Results ESG Challenge The client was a large multinational company with a reputation for being at the cutting edge of technology and innovation.

Bidding 52

Bidding Contract management Contract Procurement team 52