Spend Matters

FEBRUARY 13, 2025

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Jaggaer

FEBRUARY 20, 2025

But before this can happen someone has to identify suitable vendors to secure goods and services at the best value (not necessarily the lowest price) within a variety of constraints (risk management, ESG and regulatory factors etc.). Category management segments your expenditure into areas which contain similar or related products.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Software

MARCH 16, 2025

You know that you shouldnt be paying Category Managers and Strategic Sourcing Managers their salaries to spend a third of their day on non-value-added tasks , but we all know it happens! The post 10 Digital Procurement Quick Wins appeared first on Procurement Software.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Software

AUGUST 27, 2024

The Procurement Category Manager role has been the backbone of the procurement profession over the past 20 years. In larger organisations especially, it’s has been a symbol of procurement’s metamorphasis from an operational to more professional, strategic focus. So, how will this impact category management?

Category management 52

Category management Management Procurement Agile and Lean Supply Chain 52

ivalua

AUGUST 17, 2022

The company provides packaging solutions to some of the world’s leading global food and beverage manufacturers including Coca-Cola, Heineken, Molson Coors, Nestle, and PepsiCo. Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.

Sourcing 130

Sourcing Buying process Supplier relationship management Supply Chain Optimization 130

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

supply chain software solutions 52

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

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Take into account things like your current skill level, desired improvement areas, and professional objectives.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles! It’s time to air our dirty laundry.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Spend Matters

APRIL 4, 2024

Pere Sivecas , Spend Matters Development PM and Software Architect, has compiled a four-part video series that covers the basics you need to know, the first two of which are free while parts three and four require a basic Insider subscription.

Procurement 110

Procurement Raw materials Risk management supply chain software solutions 110

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. With a Ph.D.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software? Saving just 2.5%

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software? Saving just 2.5%

supply chain software solutions 52

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

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. These reductions are substantiated by eAuctions software providers Cimmra. Macfarlane, 2017).

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Express

DECEMBER 31, 2024

Admin staff might be responsible for ordering office supplies. Types of Indirect Spend Categories Managing indirect spend can feel overwhelming, especially when it spans so many categories. Heres a breakdown of the most common areas to watch: Office supplies : Everyday items like stationery, furniture, and technology.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Let’s look at each one separately.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Empowering CPO

DECEMBER 3, 2020

It is fitting to resolve their queries and concerns, to train them on the company’s sourcing software, promote site visits for them. This helps achieve higher strategic sourcing project savings and support category management on an ongoing basis. CPOs should interact with them and make them feel wanted.

Bidding 52

Bidding Chief Procurement Officer Strategic sourcing Strategic sourcing 52

Procurement Software

APRIL 9, 2024

While on the other hand we must equip our teams to tackle sustainability, geopolitical instability and ensuing supply chain disruptions. They have a team of 10 procurement category managers. Each of those category managers earns $100,000 gross per year, which gives me a $1 million salary bill.

Category management 40

Category management Procurement supply chain budgeting Budget 40

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Category Management Procurement. Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

World of Procurement blog

MAY 10, 2024

This supports strategic sourcing efforts. With the ability to handle huge volumes of data, operate 24/7, and continuously learn from experience, AI can bring new levels of speed, efficiency, and insight to procurement teams looking to transform strategic sourcing, supplier management, and end-to-end procurement processes.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Supply Chain Game Changer

JULY 3, 2019

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? in this case, responsible sourcing. Be sure to take into account a holistic understanding of value creation when choosing software to support your realization of responsible sourcing.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Procurement Software

MARCH 12, 2024

It will also be able to assist in monitoring supply chain disruptions by being able to quickly summarise foreign language news sources and weather reports. Applying that same curious and can-do mindset can also drive efficiency gains in the daily grind of the average front line strategic procurement role.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. Note, don’t just implement tools from your ERP system which Finance most often dictates, just because its part of the software suite. appeared first on Supply Chain Game Changer™. Subscribe Here! Email Address. What’s the Difference between Procurement and Purchasing?

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Procurement Software

MAY 23, 2023

Profit from the Source: BCG’s 10 Step Plan to deliver Procurement Excellence It starts off by introducing Tim Cook of Apple as being something of an anomaly. Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

Procurement Software

MAY 21, 2024

So, you’re going to need niche apps and niche solutions to be able to facilitate the younger generation who are replacing these retiring Category Managers. Their negotiation chops won’t be the same as the salesperson from the supplier in many cases, simply because their category knowledge won’t be as deep.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. Moreover, procurement is often directly involved in achieving strategic business goals.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Software

MARCH 11, 2022

Driving value through strategic sourcing and supplier collaboration. 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.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Driving value through strategic sourcing and supplier collaboration. 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.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Or it could be an SME that has never really given much thought to how vendors are managed and purchases are controlled. 3) Vendors not actively managed. The biggest vendors are usually managed well. Direct materials that go into the production process are strategically sourced. Eliminate maverick spend.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Or it could be an SME that has never really given much thought to how vendors are managed and purchases are controlled. 3) Vendors not actively managed. The biggest vendors are usually managed well. Direct materials that go into the production process are strategically sourced. Eliminate maverick spend.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Planergy

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Creating Strategic Partnerships. As a procurement professional, you know how important it is to have a reliable and cost-effective supply chain. How to gain visibility and control of your indirect spend.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurement Insights

SEPTEMBER 11, 2024

Like 1Reply Vera Rozanova MBA, MCIPS Chartered, MEng (Hons)CPO-Chief Procurement Officer | Procurement Director | Supply Chain | Invited Lecturer | Author | Business Trainer | Transformation 2h Jon W. Combine software? Hansen One of the key criteria for procurement when selecting an IT provider is their client base.

Influencing 52

Influencing Procurement team Agile and Lean Supply Chain Procurement 52

Una

MARCH 6, 2024

This is super handy in industries where workloads can change in a snap, like customer support or software development. Prioritize cybersecurity Make sure that your outsourcing partner has robust cybersecurity measures in place to minimize the chance of a supply chain or back-door attack on your organization.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52