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

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

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

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

World of Procurement blog

MAY 8, 2024

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Common procurement metrics include spend under management, savings targets, supplier lead time reduction, procurement process efficiency gains, sustainability metrics and more.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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

MARCH 24, 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. It automates invoice approvals, reconciliations, and payment processes to reduce administrative overhead, improve accuracy, and provide real-time financial insights.

Sustainability 52

Sustainability Real-time Visibility Spend management Innovation 52

Procurement Software

MAY 16, 2023

It may feel like P2P suites are the sole preserve of large enterprises with huge budgets. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. But, we’re about to show you that need not be the case!

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

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. How to report and analyze indirect spend to identify savings opportunities.

Data 52

Data Management Budget Real-time Visibility 52

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Supply Chain Optimization Real-time Visibility 19

Jaggaer

SEPTEMBER 22, 2020

Using real-time data and analytics will give you the insight you need you to save money and gain efficiency. It is used to visualize all of your data so you can make better sourcing and supplier decisions. It is used to visualize all of your data so you can make better sourcing and supplier decisions.

Real-time Visibility 52

Real-time Visibility Strategic sourcing Strategic sourcing Data 52

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. This is a great tool to get started with if getting the budget for the necessary investment is proving to be a challenge. Saving just 2.5% Executed once; hard savings usually can’t be achieved).

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. This is a great tool to get started with if getting the budget for the necessary investment is proving to be a challenge. Saving just 2.5% Executed once; hard savings usually can’t be achieved).

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Una

SEPTEMBER 22, 2022

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. It’s impossible to have the most current or newest application implemented at all times. Lack of visibility into spend and contract data also contribute to the difficulty of managing IT spend.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.

supply chain software solutions 52

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

Procurement Software

AUGUST 20, 2024

If you’re wondering what budget you need, we covered the cost for different procurement tech apps in a separate piece, What big challenge could digital procurement tools fix? The reality though is that many of them are spending a disproportionate amount of time on tactical work and firefighting day-to-day operational purchasing issues.

Procurement 52

Procurement Real-time Visibility Budget Procurement team 52

World of Procurement blog

MAY 10, 2024

This supports strategic sourcing efforts. Predicting future spend : By analyzing historical spend data, AI algorithms can create spending forecasts, predict seasonal demand changes, and model the impact of external factors on budgets. Overall, AI delivers unprecedented visibility into suppliers.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. It promises to assist with improving buyer and supplier collaboration.

Real-time Visibility 52

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

Planergy

MAY 30, 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. An effective TEM solution will help an organization save money, time, and resources while providing visibility into spending patterns.

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 52

Planergy

OCTOBER 13, 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. Policies and agreements are necessary to ensure all school budgets are adequate and supported. However, implementing GAG pooling comes with its challenges.

Budget 52

Budget Purchasing Real-time Visibility Spend management 52

Procurement Software

JULY 9, 2024

This integration allows for real-time tracking of direct spend and the efficient management of direct procurement categories. Indirect procurement tech, in contrast, focuses on maintaining budget control and minimising costs associated with operational supplies.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

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

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making.

supply chain budgeting 52

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

Supply Chain Game Changer

FEBRUARY 5, 2020

There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. They will hire an inexperienced and inexpensive resource, within their budget to lead the Procurement Transformation. It often feels like ground hog day to me (the movie not the actual day in February).

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Procurement Software

JUNE 4, 2024

This goes way beyond traditional source-to-pay and e-auction platforms. This exciting trend persuaded us that it’s about time we featured an article on these procurement tools specifically. This focus helps in eliminating manual errors and ensuring the timely delivery of materials.

Supply Chain Efficiency 52

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

Planergy

MARCH 2, 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. Tail spend analysis helps companies identify areas of spend that are falling through the cracks and gain visibility into their overall spending.

supply chain budgeting 52

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

Empowering CPO

JUNE 25, 2023

Through tools like spend analysis, businesses can gain in-depth insights into their spending patterns, identify cost-saving opportunities, and drive strategic sourcing. They were time-consuming, error-prone, and lacked the sophistication to handle large volumes of data or complex analyses.

Procurement 52

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

Planergy

JULY 27, 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. Timeliness Expenses must be reported in a timely manner. Based on this feedback, the process can be refined and improved over time.

Real-time Visibility 52

Real-time Visibility Purchasing Management Spend management 52

Procurement Software

JULY 18, 2023

Procoto offers features including: Strategic sourcing Smart databasing Workflow approvals RFP management Data transformation The platform’s tools and analytics aim to level the playing field between small and large companies – giving leverage to SMEs. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Procurement Software

JANUARY 23, 2024

At the same time, it also provides AI-powered management of contractual obligations and deliverables. It supports them in budgeting, requesting, and ordering articles and services for their business, while benefiting from better purchasing conditions. It simplifies contracts, making them easy to understand, manage and interact with.

Procurement 52

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

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. Direct materials that go into the production process are strategically sourced. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. Direct materials that go into the production process are strategically sourced. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Planergy

SEPTEMBER 20, 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. The right business travel management tools can save you time, money, and countless headaches. But fear not, weary traveler!

Management 52

Management Real-time Visibility Budget Spend management 52

Procurement Express

FEBRUARY 15, 2025

The last thing you need is to waste time digging through messy spreadsheets just to figure out where the money is going. Some give you real, actionable insights, while others just add noise. Identify overspending, track budget vs. actuals, and spot opportunities for better pricing or supplier negotiations.

Procurement 40

Procurement Real-time Visibility Supplier negotiation Contract 40

Supply Chain Game Changer

DECEMBER 13, 2018

There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. They will hire an inexperienced and inexpensive resource, within their budget to lead the Procurement Transformation. It often feels like ground hog day to me (the movie not the actual day in February).

Procurement 59

Procurement Agile and Lean Supply Chain Negotiation Procurement team 59

Planergy

JANUARY 18, 2024

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. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Empowering CPO

JUNE 20, 2023

Spend Analysis impacts Supply Chain Management in several significant ways: Strategic Sourcing: By providing a detailed breakdown of an organization’s spend across various suppliers, products, and services, Spend Analysis facilitates strategic sourcing decisions.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40