Spend Matters

FEBRUARY 5, 2025

Change management isnt a sidekick in this story; its the star of the show. And this can look even worse when considering the supplier side of the equation. Driving change with effective change management strategies You dont need a digital strategy. Lets explore these aspects.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

Supply Chain Brain

NOVEMBER 14, 2024

As life sciences companies progress rapidly through drug development and commercialization, the need for an adaptive procurement function becomes critical to managing suppliers, costs and risks.

Change management 97

Change management Management Procurement Risk 97

Spend Matters

DECEMBER 17, 2024

The main drivers of the ROI analysis are Spend Compliance (user and supplier compliance for value realization), Process Improvement, Price Reduction and Cash Management. The biggest challenges customers face in transitioning to procuretech The main challenge we hear from our customers is that of change management.

Procurement 107

Procurement Change management Strategic sourcing Strategic sourcing 107

Spend Matters

FEBRUARY 13, 2025

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.

Influencing 102

Influencing Procurement supply chain budgeting Strategic sourcing 102

ivalua

MARCH 30, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. Let’s address why having the right supplier information and supplier relationships is a must. .

Suppliers 130

Suppliers Supplier relationship management supply chain software solutions Supply Chain Efficiency 130

Spend Matters

MARCH 25, 2025

Suppliers and external partners contribute another layer of complexity, as they rely on procurement systems for seamless onboarding, data accuracy and operational efficiency. One of the most effective ways to achieve this is by using data-driven storytelling to showcase procurements role in cost savings, efficiency gains and risk management.

Stakeholder engagement 93

Stakeholder engagement Management Procurement Influencing 93

ivalua

JULY 14, 2022

The right technology can help provide the transparency needed to better assess risk and contingency options, and improve the effectiveness and efficiency of collaboration with suppliers.”. Notably, 71% of procurement leaders say they’ve had a supplier take advantage of supply chain problems to unjustifiably increase prices.

Supply Chain Efficiency 244

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 244

Spend Matters

FEBRUARY 27, 2025

ERPs will usually have some hidden functionality you can exploit, and you can make the most of the likes of ChatGPT and Excel for doing the basics of spend management, and then theres use of macros and plugins for what tech you do have. Secondly, dont underestimate the importance of change management. Its ongoing.

Procurement 73

Procurement Real-time Visibility Change management Data 73

The Network Effect

AUGUST 28, 2015

The system will recommend orders, but our analysts review all of the recommendations beforehand and have the ability to cancel or modify them before they go out to the suppliers. Usually, it’s because the final order out to the supplier is the only ‘control lever’ available to the analyst. Why does this practice exist?

Change management 68

Change management supply chain budgeting Supply chain Management 68

Procurement Insights

OCTOBER 26, 2023

As you read the title of today’s post, you may wonder what maverick spend, vendor rationalization and change management have to do with user adoption and AI Chatbots. The simple answer is the end of maverick spend , vendor rationalization , and change management.

Change management 69

Change management Management Contract Buyers 69

Spend Matters

FEBRUARY 25, 2025

However, adoption (by teams, by stakeholders, by suppliers) is not a reality for most organizations. think emails and spreadsheets), and that means catering to the many suppliers, matching their needs and abilities. Whats the scope (categories, suppliers, geographical locations, processes?

Real-time Visibility 113

Real-time Visibility e2e Procurement Negotiation 113

Jaggaer

FEBRUARY 27, 2025

Finally, in this initial planning process you need to put together a solid Project Charter with KPIs, map your stakeholders to them and think through change management beyond training and communication. You need time to understand, adapt and configure, and above all for change management and dependencies.

Collaboration 52

Collaboration Procurement Change management Project management 52

Barkers Procurement

AUGUST 14, 2023

Efficiency and cost cutting are everything in procurement, and when you implement changes to improve these, it’s inevitable that you’re going to cause some disruption. To keep the project on course and transition smoothly, you need a solid change management programme. That’s something that will never change.

Change management 52

Change management Management Procurement Vendor relationships 52

Spend Matters

FEBRUARY 10, 2025

Going all the way back to the philosopher Heraclitus, the only constant has been change, a fact that has only intensified in recent years with global events and technological innovations. We look at How to work through change: the importance of change management. This content is for members only.

Procurement 69

Procurement Change management Influencing Innovation 69

Spend Matters

MARCH 5, 2025

This article explores how organizations can structure their roadmap in phases, integrate change management using ADKAR principles and ensure long-term adaptability. Success lies in defining clear objectives, assessing digital maturity and addressing key gaps in technology, processes and skills. This content is for members only.

Procurement 87

Procurement Change management Management Contract 87

Una

OCTOBER 31, 2023

Change Management Tips for Procurement Professionals Practical change management tips for overcoming resistance from stakeholders and getting your procurement changes to stick for good. Change management tips for procurement To fear change is human.

Change management 52

Change management Management Procurement Leadership 52

Procurement Insights

FEBRUARY 18, 2025

Example: A company using spreadsheets, duplicate supplier records, and inaccurate spend data will struggle to implement AI-driven spend analytics effectively. Lack of Integration Between Systems Issue: AI-powered procurement solutions require seamless connectivity between ERP, supplier databases, and sourcing tools.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. This can lead to more effective sourcing, reduced sourcing costs, higher quality products, and stronger overall supplier relationships.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Pipefy

MAY 29, 2024

Key performance indicators (KPIs) are vital tools for measuring the impact of change, as they provide insight into the effectiveness and long-term acceptance of change initiatives. It can also occur when an organization fails to provide employees with the technical skills or change management training needed to support the change.

Change management 52

Change management Management Real-time Visibility Stakeholder engagement 52

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Managing and optimizing a supplier’s performance is as essential as it is difficult.

Suppliers 84

Suppliers Management Quality Import 84

Procurement Software

MARCH 16, 2025

This makes it easier to track spending patterns, supplier performance, ESG data, and contract compliance. Clean data also reduces disputes with suppliers and internal stakeholders, as everyone works from the same reliable information. Fewer Emails Procurement teams typically manage more suppliers than Sales teams do customers.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

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. Look for suppliers with the best pricing structures.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Implementation is challenging: Healthcare organizations tend to underestimate what’s involved with successful implementation.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Tactics

JUNE 19, 2023

It enhances supplier relationships, drives innovation, mitigates risks, enables continuous improvement, supports change management, and provides access to industry insights. Encouraging supplier collaboration by using portals and online platforms. Sales and marketing departments are ignored 39% of the time as well.

Procurement 201

Procurement supply chain software solutions Procurement strategies Collaboration 201

ivalua

MAY 7, 2019

Top of the list is supplier adoption. But that goes hand in hand with supplier adoption. If your suppliers aren’t onboarded, users can’t find what they need and have an excuse to go around your system. Intermediate departments struggled with supplier adoption, user adoption and data quality.

Suppliers 145

Suppliers Eprocurement Quality Networking 145

Arkestro

DECEMBER 5, 2024

Automating routine repetitive tasks like data entry, invoice processing, and supplier onboarding and management, significantly boosts efficiency and productivity, reduces errors, and leads to greater operational efficiency and faster processing times. As a result, teams can work more efficiently and achieve better results in less time.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Spend Matters

JULY 11, 2024

While AI can automate repetitive tasks, such as data entry and analysis, it cannot substitute the human touch necessary for negotiating with suppliers or establishing enduring relationships. PPO simplifies suppliers’ workflows through dynamic feedback, transparent communication and ease of use.

Procurement 120

Procurement Procurement team Suppliers Influencing 120

Jaggaer

OCTOBER 24, 2024

The Future of Supplier Collaboration is Now: AI is Optimizing Supplier Relationships Artificial Intelligence plays a powerful role in effective supplier collaboration. It provides valuable insights, improves supplier management, and facilitates stronger and more profitable supplier relationships.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

Procurement Insights

MARCH 21, 2025

Warning signs usually start showing by month 612: low adoption, poor supplier integration, missed KPIs, or costly workarounds. Average Timeline to Abandonment 1824 months : Most common window for mid-sized and enterprise companies to pull the plug.

Stakeholder engagement 52

Stakeholder engagement Change management Logistics Procurement 52

Spend Matters

MARCH 6, 2025

For procurement, this concept translates into creating an intuitive, AI-driven interface where stakeholders internal teams, suppliers and external partners can access resources, insights and tools efficiently. Additionally, training and change management are critical to gaining buy-in from teams and stakeholders.

Supply Chain Efficiency 73

Supply Chain Efficiency Procurement Chief Procurement Officer Stakeholder engagement 73

ivalua

OCTOBER 27, 2020

Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. Jollibee Foods Corporation (JFC) is a chain of fast food restaurants with a worldwide store network of more than 5,000 stores.

Supply Chain Efficiency 26

Supply Chain Efficiency Chief Procurement Officer Procurement Networking 26

ivalua

SEPTEMBER 2, 2019

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.

e2e 133

e2e Procurement Purchase orders Project management 133

Procurement Insights

FEBRUARY 1, 2025

As a result most vendors have developed their solutions to manage centrally negotiated contracts that are combined with an aggressive supplier compression strategy. This ultimately leads to the compliance and change management problems experienced by most organizations. What About An AI Savings Event Horizon?

Change management 52

Change management Negotiation Purchasing Strategy 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Suppliers are an intrinsic part of the Supply Chain. You can not accomplish anything without Suppliers. Yet I have seen, like many of you, Suppliers treated in many different ways. No matter what the circumstances are poor treatment of Suppliers is never appropriate. Supplier Collaboration.

Collaboration 67

Collaboration Suppliers Strategy Negotiation 67

Procurement Heads

APRIL 27, 2023

But I think procurement leaders are often particularly skilled in this area; since it is often imperative to bring together different departments and stakeholders, for example, to agree on a specification or select a supplier. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

But I think procurement leaders are often particularly skilled in this area; since it is often imperative to bring together different departments and stakeholders, for example, to agree on a specification or select a supplier. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130