Procurement Insights

AUGUST 14, 2024

The procurement software landscape has witnessed significant shifts over the past few years, with private equity firms increasingly taking center stage. The latest development in this ongoing saga is the acquisition of Jaggaer, a prominent Source-to-Pay (S2P) vendor, by Vista Equity Partners.

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Procurement Vendor relationships Innovation Leadership 98

Procurify

MAY 12, 2022

One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. What is procurement? An effective procurement strategy can do many things.

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Purchasing Procurement Purchase orders Cost of ownership 52

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

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Procurement Real-time Visibility supply chain budgeting Procurement team 52

The Good Spending

NOVEMBER 4, 2024

Furthermore, procurement contributes beyond financial savings; it mitigates risk, ensures compliance, maintains vendor relationships, and supports continuity in vital yet challenging to quantify ways. These might include procurement recognition programs that acknowledge savings, risk management, and strategic sourcing wins.

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Procurement Contract Vendor relationships Procurement team 59