ivalua

NOVEMBER 10, 2020

Innovating to Uncover New Sources of Revenue in the Public Sector. Step 1: Use eProcurement Systems as a Potential Source of Revenue. Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. 11 state central procurement offices have other sources of funding.

Sourcing 130

Sourcing Eprocurement Real-time Visibility Contract 130

Spend Matters

FEBRUARY 27, 2025

Spend Matters has been speaking with procurement practitioners and solution providers to get a wide view of how procurement and digital transformation is happening in the real world. And in the real workplace, thats where those decisions come from rather than procurement itself. Her first piece of advice would be: Dont. Not yet anyway!

Procurement 66

Procurement Real-time Visibility Change management Data 66

Planergy

MARCH 11, 2025

The seamless connection allows for automated invoice scanning, approval workflows, and real-time spend visibility. You can also view the Actual vs. Budget summary that provides information on both actual AP expenses and what was budgeted for that expense. The open P.O. The open P.O.

Real-time Visibility 52

Real-time Visibility Purchase orders Purchasing Export 52

Procurement Tactics

DECEMBER 6, 2022

However, these manual processes are ineffective and cost a lot of effort, time, and money. Spend management usually includes strategic procurement processes such as category management, supplier management, inventory management, and product development. . Visibility of expense data. What is Spend Management? Eliminate fraud.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Procurement Express

DECEMBER 31, 2024

It integrates with cost accounting systems to track spending, ensures smoother workflows for accounts payable and accounts receivable, and provides real-time visibility into purchasing activities. By providing real-time insights, it helps businesses identify unnecessary spending and make informed decisions to optimize budgets.

supply chain software solutions 40

supply chain software solutions Purchase orders Procurement Real-time Visibility 40

Planergy

FEBRUARY 24, 2025

While less visible, these procurement areas are crucial for maintaining a functional educational environment. This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints. Though it makes budgeting a bit more complex , its often worth it.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

ivalua

SEPTEMBER 2, 2020

The solutions span the full source-to-pay process and enable customers to make margin gains by streamlining procurement tasks, automating cost reconciliation, and managing multi-tier supplier risk. 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

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Tactics

OCTOBER 16, 2022

The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Visibility of the workflow. Before the creation of ERP systems, the coordination of the involved parties in the project is time-consuming and takes a lot of effort. . CAD interface. Work cycle process. Scheduling.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

ivalua

NOVEMBER 29, 2021

Lack of control or visibility into what is being spent and with which suppliers. Budgeting challenges as tail spend typically often not planned for . Data comes from multiple sources, such as purchasing/payment systems, purchasing card data, travel and expense systems, and often multiple ERP systems. Who purchased it.

Buyers 130

Buyers Real-time Visibility Purchasing Spend management 130

Planergy

DECEMBER 12, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Even using last year’s data to support the current year for your current budget may lead you astray without close monitoring, as factors change over time.

Budget 52

Budget Strategic planning Real-time Visibility Purchasing 52

SCMDOJO

FEBRUARY 5, 2025

Real-World Focus: SCMDOJO courses often incorporate real-world case studies, expert interviews, and practical exercises, ensuring that you gain relevant and applicable knowledge. The interactive approach caters to learners who want to develop practical skills and gain real-world insights.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

TYA Suite

JANUARY 27, 2025

The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. From sourcing construction materials to hiring contractors, a well-organized is essential for timely project completion and cost control.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

ivalua

NOVEMBER 10, 2020

Innovating to Uncover New Sources of Revenue in the Public Sector. Step 1: Use e Procurement Systems as a Potential Source of Revenue. Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. 11 state central procurement offices have other sources of funding.

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

SCMDOJO

MAY 6, 2022

Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). The benefits include cost savings and a quick turnaround time from development to implementation. Reduces Time to Market. However, Finance is now Fintech and Marketing is now Digital Marketing.

supply chain software solutions 138

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 138

Procurement Express

DECEMBER 31, 2024

In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc. Understanding these categories is the first step toward better visibility, smarter procurement processes, and tighter budget control.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Planergy

SEPTEMBER 6, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. For the greatest chance of success, senior leadership should be involved in setting goals and determining success metrics that are aligned to budgets.

Budget 52

Budget Real-time Visibility Innovation Data 52

ivalua

OCTOBER 1, 2020

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. Organizations cannot improve invoice match rates when there is no visibility into the root causes of match failures.

Real-time Visibility 130

Real-time Visibility Networking Supply Chain Efficiency Suppliers 130

Planergy

DECEMBER 25, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Thanks to AI and other tools, you can now make better decisions with real-time data. Let’s delve into the details.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Spend Matters

APRIL 4, 2024

The technology opens up a wealth of capabilities not previously possible for the procurement practitioner in terms of data availability, end-to-end visibility, cost, time and risk reduction, and ultimately the overall health of the third-party network. So you had one data source, one data point.

Real-time Visibility 106

Real-time Visibility Management e2e Risk management 106

Finale Inventory

JANUARY 27, 2025

Introduction Modern warehouse operations demand precision, speed, and real-time visibility – qualities that a well-implemented warehouse barcode scanner system delivers with remarkable consistency. This verification step automatically updates the barcode inventory system in real-time, maintaining accurate stock levels.

Real-time Visibility 52

Real-time Visibility Warehouse operations Inventory Data 52

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. Budgetary pressures: High inflation can disrupt budget planning and forecasting.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Planergy

MARCH 10, 2025

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Budget planning also becomes more efficient with accurate data at hand. MM/DD/YYYY) ensures smooth integration and interpretation of data from multiple sources.

Data 52

Data Management Budget Real-time Visibility 52

Jaggaer

FEBRUARY 14, 2019

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are two terms often used within the software industry to describe digital solutions that create efficiencies within procurement. Source-to-Pay includes all of what P2P has to offer, and expands capabilities to include the “sourcing” of products and services.

Purchasing 49

Purchasing Sourcing Real-time Visibility Budget 49

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups.

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Una

OCTOBER 25, 2022

When it comes to improving procurement efficiency, though, a sourcing hero’s work is never truly done. Instead of sitting back, the profession must make a long-term and ongoing commitment to sharpening its sourcing processes. Instead, they’ll be able to spend more time nurturing the relationships that really matter.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Customer Lead Time (Service). Inventory Turnover (Cash).

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

Spend Matters

MARCH 26, 2024

Employees may find themselves spending valuable time trying to decipher how to complete tasks within the system, detracting from their core responsibilities. From approval hierarchies to budget allocations, organizations have the flexibility to tailor the system to align with their existing processes.

Spend management 109

Spend management Management Real-time Visibility Innovation 109

Spend Matters

JUNE 19, 2023

budget compliance and inventory availability), enable effective spend, preferred supplier and category management. from sourcing events), the ability to use external content as part of its catalogs (e.g., from sourcing events), the ability to use external content as part of its catalogs (e.g.,

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

ivalua

AUGUST 5, 2020

If this is done in a coordinated way, Invoice to Pay is more powerful than the traditional silo’s of Invoice software management, budget allocation and payments. This makes paying an invoice faster, simpler and on time. AP automation with embedded smart matching workflow that facilitates continuous improvement, without compromise.

supply chain software solutions 130

supply chain software solutions Real-time Visibility Networking supply chain budgeting 130

Spend Matters

JUNE 19, 2023

Why buy a Procure-to-Pay solution Integrated P2P solutions help procurement and finance by implementing sourced contracts to actually deliver value, reduce paper-based processes and improve operational efficiency and effectiveness. from sourcing events), the ability to use external content as part of its catalogs (e.g.,

Procurement 98

Procurement Real-time Visibility Purchasing Inventory 98

Una

SEPTEMBER 22, 2022

A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. It’s not a matter of if IT spend should be managed, but who should be the one managing such a significant portion of a company’s budget. Comprehensive Guide to IT Procurement.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

NOVEMBER 15, 2024

This transparency is a game-changer because it enables all parties to view the same information in real time. Every transaction and movement of goods is recorded on the blockchain, enabling stakeholders to track products from the manufacturer to the end customer in real-time.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Data integration and analytics IBP relies on the integration of data from different sources and systems.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76