Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Positive Purchasing

JANUARY 20, 2025

These changes have reshaped how procurement professionals collaborate and execute their tasks. In this new era, collaboration in procurement has become critical for achieving efficiency and innovation. She highlights the importance of collaboration in today’s hybrid work environment.

Collaboration 52

Collaboration Procurement Procurement team Innovation 52

Procurement Templates

DECEMBER 11, 2024

Having good relationships with our suppliers means that they are also willing to work with procurement collaboratively, after all a win win situation should benefit both parties. Consider which projects or contracts require a plan B. Stronger relationships yields better results long term. Wait, what about stakeholders?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

ProcurePort

NOVEMBER 20, 2023

Online Contract Management Safety Overview: Strong security measures, like encryption and access controls, are important for keeping online contract management systems safe. Strategic Considerations for Enhanced Safety: Collaboration and integration […] The post Is it Safe to use an Online Contract Management System?

Contract management 130

Contract management Contract Management Collaboration 130

ProcurePort

APRIL 5, 2022

· Contemporary supplier and contract database software promise to streamline how procurement teams approach contracts and sourcing. This technology ensures real-time communication, collaboration, and management of the contract lifecycle. But how do you know if you should invest in supplier and contract database software?

Contract 130

Contract Suppliers Procurement team Collaboration 130

Procurement Leaders

DECEMBER 9, 2022

We collaborate closely with our commercial sales and marketing teams to provide insight and justification for potential price adjustments to customers. What new capabilities are you looking to develop in your team to help you navigate this period of volatility?

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Spend Matters

SEPTEMBER 5, 2024

In today’s fast-paced business environment, the need for agility and accuracy in contract management is more critical than ever. Contracts serve as the foundation for business relationships, outlining the terms, conditions and expectations between parties. This content does not express the views or opinions of Spend Matters.

Contract management 122

Contract management Contract Management Collaboration 122

Spend Matters

NOVEMBER 14, 2024

State of Flux’s best practice model consists of six pillars that have been the staple of its proposition from the outset: value, engagement, governance, people, technology and collaboration. Technology — The enabler of SRM initiatives by improving communication and collaboration among all parties.

Suppliers 114

Suppliers Raw materials Collaboration Management 114

Procurement Tactics

AUGUST 23, 2022

Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. For this article, we will talk about what the contract management process is. So without further ado, let’s start uncovering contract management. .

Contract management 130

Contract management Contract supply chain software solutions Management 130

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture. Follow us at @Ivalua.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Spend Matters

SEPTEMBER 16, 2024

This Spend Matters Vendor Analysis provides an overview of TechnoMile and its contract lifecycle management (CLM) solution for government contractors. Purpose-built software to address B2G contract challenges is not as common as more general solutions, so TechnoMile seeks to fill the gap. This content is for members only.

Contract 120

Contract Management Buyers Collaboration 120

Spend Matters

AUGUST 26, 2024

This Spend Matters Vendor Analysis provides an overview of IntelAgree and its contract lifecycle management (CLM) solution. IntelAgree focuses on using AI (including generative AI) to address contract management pain points. IntelAgree focuses on using AI (including generative AI) to address contract management pain points.

Contract 120

Contract Management Contract management Buyers 120

Spend Matters

MARCH 25, 2025

How procurement can effectively manage stakeholders To drive digital transformation, procurement leaders must take a structured approach to identifying, engaging and collaborating with stakeholders. Legal teams emphasize regulatory compliance, contract enforcement and risk mitigation.

Stakeholder engagement 94

Stakeholder engagement Management Procurement Influencing 94

Spend Matters

MARCH 25, 2024

We were interested in his view on GenAI use cases, particularly in the contracting world where we see a lot of uptake by tech vendors. GenAI use cases in contracts and negotiations One use case of AI in procurement is abundantly evident in contracting and legal.

Procurement contracts 124

Procurement contracts Contract Procurement Negotiation 124

Procurement Insights

FEBRUARY 21, 2025

Interoperability: Supports multi-enterprise collaboration , ensuring different procurement platforms work together as one. sourcing, supplier onboarding, contract approvals). Use a Metaprise Model if: Your organization needs to collaborate across multiple businesses, suppliers, and procurement networks.

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

SCMDOJO

MARCH 14, 2025

It emphasizes the need for fair competition among suppliers and aims to eliminate corrupt practices that have historically plagued government contracts. Additionally, this shift is indicative of a broader trend towards responsible purchasing, aligning government contracts with societal values and aspirations.

Procurement 90

Procurement Bidding Competitive bidding Contract 90

Procurement Leaders

JUNE 13, 2022

This was initially done on a joint development basis, with PMI and two tier-1 manufacturers collaborating on the design and testing of products. Besides focusing on common goals from the outset, the teams also needed to work collaboratively to ensure they were on the same page and moving in the same direction at the right pace.

Collaboration 130

Collaboration Strategy Product development Supply Chain Efficiency 130

ivalua

FEBRUARY 10, 2023

Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Tactics

DECEMBER 26, 2022

InDemand aims to help promote innovation by combining what the clients need (health professionals of the Murician Health Service), and the development of the solutions in the process of co-creation (a collaboration of health professionals together with tech companies). . Final Deal: The first contract was issued in January 2014.

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Spend Matters

JUNE 19, 2023

In this article, our analyst Nikhil Gaur looks at contract lifecycle management (CLM) platforms. What does a contract lifecycle management solution do? Top 5 Contract Lifecycle Management tech capabilities What’s the state of different procurement technologies in the market today and do they meet user demands?

Contract 103

Contract Management Negotiation Real-time Visibility 103

SCMDOJO

MARCH 14, 2025

This guide will walk you through the key steps in bid evaluation, including technical evaluation, financial assessment, and contract award best practices. Best Practices: Optimize contract terms while maintaining fairness. Award of Contract The final stage ensures smooth implementation of the awarded contract.

Bidding 59

Bidding Contract Contract management Price 59

Spend Matters

JANUARY 7, 2025

A lack of stakeholder collaboration can result in a host of legal and security problems. Contracts signed without proper review may expose businesses to compliance and liability risks, while purchases made without security checks can create data vulnerabilities.

Procurement 117

Procurement Purchasing Vendor relationships Suppliers 117

Spend Matters

OCTOBER 31, 2024

“Platforms primarily support risk assessments and due diligence during onboarding but lack an ongoing risk assessment or continuous oversight post-contract. A unified platform providing a single source of truth enables better collaboration, regular oversight and audit readiness.

Risk management 114

Risk management Risk Management Real-time Visibility 114

Spend Matters

APRIL 10, 2025

The days of relying solely on traditional processes to manage suppliers, contracts and spend are quickly fading. AI is the game-changer that allows procurement professionals to escape the cycle of transactional work and focus on what really moves the needle: strategic sourcing, supplier collaboration, and advanced analytics.

Supply Chain Efficiency 64

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 64

Supply Chain Brain

OCTOBER 29, 2024

To navigate the uncertainty surrounding rate negotiations, shippers and carriers are rethinking how they approach their contracts.

Collaboration 98

Collaboration Data Negotiation Contract 98

Spend Matters

FEBRUARY 26, 2025

And in collaboration with NIGPs RMGPA chapter and Colorados OEDIT department, SOVRA will host The Small Business Showcase at the NIGP Forum in Denver to highlight small businesses looking to expand their presence in public procurement. Recent successes include: In 2024, 321 new government procurement teams were onboarded.

Procurement 116

Procurement Bidding Contract management Data 116

Procurement Tactics

OCTOBER 13, 2022

Additionally, it assesses the suppliers of the company to find the best supplier in the market and collaborate effectively which will enable them to establish a long-term relationship. Thus, they are also responsible for sourcing the right suppliers to collaborate and establish long-term relationships. . Perform cost analysis.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Spend Matters

MARCH 19, 2025

They are: BEST-OF-BREED Category Top Tech Score Customer Favorite Score AP Automation/I2P Tipalti Tipalti Contract Management Sirion Evisort Carbon Management SupplHi SupplHi eProcurement Promena Promena Sourcing Arkestro DeepStream Spend Analytics Sievo Ignite Procurement Supplier Management SupplHi SupplHi Intake & Orchestration Zip Pivot SUITES (..)

Eprocurement 83

Eprocurement Contract management Contract Sourcing 83

Spend Matters

MARCH 25, 2025

Procurement features and capabilities Standardized contract templates that can be reused across multiple transactions. Expanding vendor collaboration: AWS Partner Connections will strengthen partnerships between software vendors and enterprise buyers.

Procurement solutions 96

Procurement solutions Procurement Purchase orders Data 96

ivalua

SEPTEMBER 13, 2020

For organizations, this means employees can easily and quickly buy all the goods and services need from preferred contracts, ensures they stay within budget and work with required approvals. Supplier, contract, legal tax and policy compliance. Pain-Point: Purchasing compliance and collaboration.

e2e 204

e2e Procurement Budget Contract 204

ivalua

JUNE 14, 2023

Change management plans should anticipate potential resistance and facilitate adoption by nurturing a culture of collaboration and buy-in. Procurement should identify key stakeholders, understand their needs, and communicate the benefits of any new technology before defining roles, responsibilities, and decision-making frameworks.

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

ivalua

APRIL 23, 2020

The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier risk management and more advanced strategies and capabilities to deal with Procurement and supply chain management risks and challenges – while not forgetting cost and operational perspectives.

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

ivalua

MARCH 3, 2020

According to a survey by KPMG, collaborations involving equity (joint ventures, equity investments, acquisitions, etc.) comprise a total of 40% of collaborations whereas only 24% for customer-supplier relationships and 19% for licensing. How can Procurement adapt its processes to better collaborate with startups?

Procurement 182

Procurement Innovation Chief Procurement Officer Collaboration 182

SCMDOJO

OCTOBER 30, 2024

Enhancing Collaboration Capabilities Supply chain management is inherently collaborative, often requiring coordination between suppliers, manufacturers, distributors, and retailers. MTSS platforms enhance collaboration capabilities by offering features such as group project modules, discussion forums, and peer review systems.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

Procurement Tactics

MARCH 16, 2023

Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. It enables the company to foster a deeper collaboration with its suppliers. It can also help you with contract management and compliance processes.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

ivalua

JUNE 29, 2020

Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supply chain, this shift is accelerating. In order to this effectively, a strategic sourcing solution is likely required as ERPs typically have limitations here, particularly in collaborating with vendors.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219