Spend Matters

OCTOBER 31, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers.

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Spend Matters

DECEMBER 23, 2024

By consolidating spend through our system, customers are looking to gain clearer visibility and control over procurement. Metrics around supplier consolidation and spend concentration are also common. Customers use Onventis to consolidate suppliers and negotiate better terms.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

Una

OCTOBER 25, 2022

How to Improve Procurement Efficiency. And let’s not forget the crucial role they play in driving diversity and sustainability within the supply chain. 8 Steps to Improve Procurement Efficiency. When it comes to improving procurement efficiency, though, a sourcing hero’s work is never truly done.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

World of Procurement blog

MAY 23, 2024

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. Having strategic partnerships allows suppliers to lower prices. This reduces administrative costs of procurement.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

ivalua

JUNE 6, 2019

If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. Why they found it absolutely necessary to organizationally separate sourcing from procurement.

Suppliers 100

Suppliers Supplier consolidation Supply Chain Efficiency Data 100

Jaggaer

MARCH 20, 2025

In such an unpredictable environment, procurement leaders are advised to take a risk-management approach, focusing on cost efficiency, contract flexibility, and strategic supplier relationships to ensure institutional resilience. This means they are unable to tackle any of the foregoing six challenges efficiently and systematically.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

Jaggaer

OCTOBER 24, 2024

The emphasis has shifted toward strategic partnerships, with a key focus on reducing costs while fostering long-term supplier collaboration. Let’s explore how procurement leaders can unlock significant cost savings by leveraging supplier collaboration strategies. What is Cost Saving in Supply Chain Management?

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52