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AI in procurement: How different industries are harnessing its power

Spend Matters

Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets. This means better compliance, fewer disruptions and greater efficiency in managing supplier relationships.

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Expanding the influence and impact of Procurement

Spend Matters

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. The procurement team was fully aligned with implementing changes and investing in new tools and processes. The Legal Department was a key champion as well.

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Adopting Supply Chain Efficiency Through Shopify CRM Integration

SCMDOJO

Front and center in this revolution are the marriage of customer relationship management (CRM) software and capable e-commerce platforms like Shopify. Enter companies like DigitalSuits, a high-tech Shopify development and e-commerce agency that leverages technology and innovation to build end-to-end solutions.

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Digital success – What makes procurement’s challenge so different?

Spend Matters

So, considering its past record of poorly managing digital initiatives and the growing need to respond to ever more frequent and profound changes (both representing threats and opportunities), Procurement must urgently learn from the past and find new ways to transform and move forward.

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Press Release Viparis optimizes procurement processes thanks to the Ivalua solution and CKS’s support

ivalua

Orsay (France), September 02, 2019 – Viparis has chosen e-Procurement software vendor Ivalua and Consulting firm CKS to optimize the management of supplier relations, source-to-contract (purchase orders, calls for tender and contracts), expense analysis and measurement of Procurement performance.

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Revolutionizing tail spend management

Spend Matters

One area of significant potential that is often overlooked is tail spend management. Historically, a lack of dedicated tools and/or a concentrated focus of investments on strategic spend categories have deterred procurement teams from developing effective solutions to manage the tail.

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Source-to-Pay Digital Transformation: Roadmap for Efficiency and Resilience

Jaggaer

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility.