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New Year Insights for the procurement solutions and services marketplace 2024: Amazon Business

Spend Matters

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Amazon Business. For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider. As always, reach out to discover how Spend Matters can help with your new year commitments and wishes.

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What is the difference between a Metaprise and an orchestration and intake model in ProcureTech?

Procurement Insights

Key Features of an Orchestration & Intake Model: Internal Enterprise Focus: Unlike a Metaprise, which spans multiple businesses, orchestration optimizes procurement within one company. Workflow Automation: Uses AI and rule-based automation to match requests with the right procurement teams, tools, and policies.

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How Good Is Your ProcureTech Strategy’s Foundation

Procurement Insights

In ProcureTech , the phrase “Cant build a house on a cracked foundation” means you cannot successfully implement AI-driven procurement solutions (or digital transformation) if the underlying procurement processes, data, and strategy are flawed. Key Applications in ProcureTech 1.

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How Real Estate Can Benefit from a Procurement Management System

TYA Suite

Advanced Features of Procurement Management Systems are advanced features of procurement management systems that enable electronic transactions between buyers and suppliers. These solutions streamline the by automating tasks such as vendor registration, bid submission, and order placement.

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Navigating Uncertain Waters: What Acquisitions Like Jaggaer Being Acquired By Vista Equity Partners Means for the Procurement World

Procurement Insights

Diversify Vendor Relationships: Consider diversifying your portfolio of procurement solutions to avoid over-reliance on a single vendor. While these moves might make sense from a financial standpoint, they often lead to a period of turmoil for the customers who rely on these solutions to run their businesses.

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Demystifying Managed Procurement Services: What Every Business Leader Should Know

Empowering CPO

Introduction Brief Explanation of the Role of Procurement in Businesses Procurement is the lifeblood of any business, large or small. It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow.

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Sunbelt Rentals – P2P Implementation

Barkers Procurement

The business had grown significantly through acquisition creating inherent alignment challenges, exposing its aging procurement systems and ways of working, and creating bottlenecks in its supply-chain and accounts payable processes. Phase 3 Phase 3 of Inventory and Reporting has just begun.