Spend Matters

JANUARY 25, 2024

In fact, I think procurement’s remit will continue to evolve to lead broader supply chain risk management, given the growing variety and number of risks faced such as geopolitical tensions, sustainability expectations, the need for more diverse sources of supply, and lingering labor availability concerns.

Procurement solutions 101

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 101

Procurement Software

MARCH 16, 2025

Reduction in Admin Tasks and Data Entry Operational procurement processes require extensive administrative work, from entering supplier details in an ERP system, to processing purchase orders and reconciling invoices. Digital procurement solutions provide built-in analytics and reporting tools that simplify KPI measurement.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Insights

JANUARY 11, 2025

The meeting highlighted Joann’s decision to select Focal Point for procurement solutions based on its established stability and collaborative support despite implementation challenges such as data transfer issues and staffing changes.

Category management 52

Category management Procurement solutions Collaboration Data 52

Spend Matters

SEPTEMBER 14, 2023

This week we spoke with Baber Farooq, Senior Vice President and Head of Market Strategy for SAP Procurement Solutions. Over the last few years, life has been an adventure for procurement professionals. Additionally, nearly a third view category management as the top technological trend to implement in the coming year.

Procurement 114

Procurement Supply Chain Efficiency Category management e2e 114

ivalua

JANUARY 13, 2021

Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. Alerts inform you of any deviation which allows you to set up mitigation plans and follow up on corrective actions.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

ivalua

APRIL 1, 2020

Consus partnered with Ivalua to lead the implementation and transformation effort at Intalere to drive cost savings, transparency and improved efficiencies across contracting and category management across the organization. Established in 2007, Consus is a leading procurement services provider operating across 9 countries.

Contract 147

Contract Sourcing Supply Chain Efficiency Supply chain 147

Spend Matters

JANUARY 11, 2023

The solution’s flexibility extends to other use cases like category management and innovation which benefit from capturing relevant news and information, thus setting Owlin apart from other SxM/Risk Management solutions. is important, but the volume of news produced makes that a challenge.

Risk 98

Risk Data Category management Buyers 98

ivalua

APRIL 1, 2020

Consus partnered with Ivalua to lead the implementation and transformation effort at Intalere to drive cost savings, transparency and improved efficiencies across contracting and category management across the organization. Established in 2007, Consus is a leading procurement services provider operating across 9 countries.

Contract 130

Contract Sourcing Supply Chain Efficiency Supply chain 130

Spend Matters

OCTOBER 24, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them.

e2e 119

e2e Data interpretation Buyers Data 119

Spend Matters

SEPTEMBER 20, 2022

Categories: Analysis , P2P , Procurement Strategy & Planning , Spend Analysis , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis updates an analysis of Cirtuo, a strategy management solution. Rarely is it a module that helps define the proper approach to a category.

Strategy 74

Strategy Management Strategic sourcing Strategic sourcing 74

SCMDOJO

JULY 3, 2023

As for seasoned professionals, these advanced and standard procurement training courses provide a great opportunity for them to upskill and refresh their concepts and update themselves with the current industry best practices. Category Management plays a vital role in every business, regardless of its size. What is important?

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Spend Matters

APRIL 4, 2024

In this quarter, the Spend Matters analyst team builds on this foundation by giving an overview of how vendors have implemented GenAI in their solutions. Not all implementations are the same, however.

Procurement 110

Procurement Raw materials Risk management supply chain software solutions 110

Supply Chain Game Changer

JANUARY 21, 2021

Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management. When looking at risk management, category management, and information sharing, that number is as high as 70% ( Bain & Company 2018 ). Is Procurement drowning in data?

Data 85

Data Procurement Supply Chain Efficiency Procurement team 85

Positive Purchasing

MAY 30, 2024

Our partnership means that as procurement professionals apply the 5i® category management method to determine breakthrough category strategies, DeepStream provide the next step for implementation with a highly effective RFx and eSourcing platform, all integrated and available through our Procleus platform.

Purchasing 52

Purchasing Category management Procurement team Procurement solutions 52

Spend Matters

DECEMBER 5, 2023

A more general (if less exciting) application is the now omnipresence of chatbots in procurement solutions. But as noted, most of procurement receives many benefits from the more traditional purposes of AI, such as pattern detection, data classification and decision support.

Contract 111

Contract Supply Chain Optimization Data Procurement 111

The Procuretech Podcast

SEPTEMBER 7, 2021

Lars begins by explaining how he came to set up LeanLinking following a successful career in procurement as a Regional Category Manager for a pan-European hardware retailer. Lars explains how ERPs are not really built with Procurement in mind and don't offer the opportunity to measure supplier performance. Useful Links.

Raw materials 52

Raw materials Import Supplier relationship management Real-time Visibility 52

Spend Matters

OCTOBER 17, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them.

Buyers 110

Buyers Real-time Visibility Sustainability Data 110

Jaggaer

DECEMBER 17, 2019

For more on leveraging data, download JAGGAER’s 2019 Digital Procurement Survey Report. The sheer volume of data generated by a digital procurement solution can be overwhelming, even for seasoned professionals at some of the world’s top companies. How much data is too much? . So what data do you start with?

Data 64

Data Procurement team Procurement Contract 64

Zycus Cognitive Procurement

JANUARY 16, 2023

Challenges in Streamlining Procurement Process. Beyond the poor experience that a business user (requisitioner) faces, the Category manager or the Buyer in the procurement core team also face multiple challenges like: . Overcome the Challenges in Streamlining Procurement Process.

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Procurement Software

JANUARY 16, 2023

If we consider that maybe 1 in 10 users of the software would offer to give a review, we’re probably still a long way from being able to have a statistically significant sample of reviews for most procurement technology. So, you’ve just read a piece in a popular procurement magazine or blog. Who is giving the review?

Procurement 59

Procurement Buyers Change management Category management 59

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Zycus Cognitive Procurement

NOVEMBER 16, 2021

However, the question arises, does this pose a threat to the future of procurement jobs? To answer this, I would like to quote Len Prokopets, Managing Director of KPMG’s procurement practice notes, most AI procurement solutions are “not reducing headcount, but driving improved results.”.

Procurement 40

Procurement Eprocurement Agile and Lean Supply Chain Supply Chain Efficiency 40

Una

JUNE 15, 2023

10 Procurement Outsourcing Services Explore ten procurement outsourcing services available to help your sourcing function save more money, time, and effort. By Hugo Britt | June 15, 2023 Search Search The procurement office of Company A is a bustling place. Company B’s procurement team looks very different. The best part?

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Procurement Software

MARCH 11, 2022

But the valuable contribution that Category Managers responsible for indirect spend make to the business often comes through cost avoidance, or the successful deferral of a contractual price increase or inflationary commodity prices. The easy answer is that financial analysts and controllers are numbers people.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

But the valuable contribution that Category Managers responsible for indirect spend make to the business often comes through cost avoidance, or the successful deferral of a contractual price increase or inflationary commodity prices. The easy answer is that financial analysts and controllers are numbers people.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Empowering CPO

JULY 2, 2023

However, in today’s complex and globalized economy, procurement goes far beyond simple buying. Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Supply Chain Game Changer

NOVEMBER 7, 2019

This is likely because business cases are underdeveloped for implementing a digital procurement strategy, and that CPOs generally doubt their team’s ability to maximize the use of digital solutions. In fact, “only 3% of procurement leaders believe their staff possesses the skills required” (Deloitte 2018).

Agile and Lean Supply Chain 55

Agile and Lean Supply Chain Procurement Innovation Sourcing 55

Spend Matters

DECEMBER 18, 2024

Following its acquisition of The Smart Cube and Optibuy in 2023, WNS has structured a procurement-focused offering under the WNS Procurement label.

Risk 107

Risk Real-time Visibility Category management Procurement 107