Remove Contract management Remove Eprocurement Remove Strategic sourcing
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Essential Procurement Skills for the Leaders of Tomorrow

Skill Dynamics

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value. Strategic sourcing can also help reduce the overall risk in a given supply chain.

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What is Source to Pay? Steps, Benefits, and Best Practices

Jaggaer

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.). Strategic sourcing: The word strategic is added for good reason.

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Lessons from the Latest Forrester Wave Reports

ivalua

The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). In the Forrester reports, Ivalua and Coupa appear as leaders in both the S2C and eprocurement Wave reports.

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10 Things Your ERP Can’t Do (And Why You Need an eProcurement Solution)

Bonfire

Contract management frustration: ERP systems might have basic contract management capabilities, but they can’t handle the whole contract lifecycle, from creation to execution and renewal. Procurement software offers a one-stop solution that covers the whole range of contract management challenges.

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How to ride the Source to Pay Wave? 4 Lessons you can learn from Forrester

ivalua

The first, authored by Duncan Jones and published on December 10, is The Forrester Wave : eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). In the Forrester reports, Ivalua and Coupa appear as leaders in both the S2C and eprocurement Wave reports.

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How to Bring More Spend Under Management

Una

Your procurement team’s sourcing strategy might favor a strategic, project-based, long-term contract, or one-off spot-purchase approach. A strategic sourcing strategy is key to ensuring vendors with the potential to deliver the most value. Another viable option? Una can help.

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The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay

Jaggaer

What is Source-to- Pay ? Source-to- P ay refers to a broad strategic approach that encompasses not only the transactional end of procurement but also strategic sourcing, contract management, supplier relationship management, spend visibility, and procurement analytics.