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.

Contract management 122

Contract management Contract Management Collaboration 122

Procurement Freelancers

DECEMBER 26, 2024

Effectively managing contracts for procurement processes has become an important task for companies that want… The post 10 Best Practices for Streamlining Procurement Contract Management first appeared on Procurement Blog | Procurement & Supply Chain News.

Contract management 98

Contract management Procurement contracts Contract Management 98

Spend Matters

OCTOBER 28, 2024

Source-to-pay solutions allow organizations to streamline how they manage their procurement lifecycle from start to finish. S2P suites typically cover sourcing, supplier management, contract management, spend analytics, AP automation and e-procurement.

Market analysis 107

Market analysis Contract management Sourcing Buyers 107

Procurement Tactics

MARCH 16, 2023

Additionally, we will talk about the importance and how you can implement strategic procurement. Supplier Management Supplier management involves the handling of relationships between suppliers and the company. It can also help you with contract management and compliance processes. Why is it important?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Templates

NOVEMBER 21, 2024

Legal and Compliance Knowledge Actionable Steps: Learn Contract Law Basics: Understand key contract clauses like force majeure, indemnity, and termination rights. Stay Updated on Regulations: Regularly review trade agreements, import/export rules, and labor laws. SAP, Oracle) Procurement software (e.g., Coursera, Udemy).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

ProcurePort

SEPTEMBER 28, 2021

Expense management methods have evolved to include sophisticated software solutions that allow the collection of data for analytics processes. The post What Is Expense Management Software & Why Is It Important? The first […]. appeared first on ProcurePort Blog.

Import 130

Import Management Data Contract management 130

Procurement Tactics

JUNE 22, 2023

ChatGPT & AI in Procurement Course Unleash the power of ChatGPT & AI within procurement Why is it important to Understand the Differences between SO and PO? What are the Most Important Differences? It includes supplier management, contract management , and spend analysis.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Una

JUNE 18, 2024

Contract Management Best Practices for Procurement Pros Learn why its critical for procurement teams to have contract management best practices in place to proactively monitor promised benefits. By Hugo Britt | June 18, 2024 Search Search At what point in the contract lifecycle does procurement’s role end?

Contract management 52

Contract management Contract Management Negotiation 52

Spend Matters

FEBRUARY 26, 2025

During one breakout session, Gideon Davis (Administrator, Nevada State Purchasing Division of the Department of Administration), Anna Shpigel (Deputy Assistant Secretary, Massachusetts), and Rose Svitak (Manager, MMCAPs Knowledge and Financial Management Team) talked about the importance of aligning procurement and finance.

Procurement 116

Procurement Bidding Contract management Data 116

Procurement Tactics

OCTOBER 18, 2022

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software? Download Free Whitepaper ?. ?.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

ivalua

APRIL 6, 2021

A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. An Overview of Contract Lifecycle Management. But there’s more.

Contract 130

Contract Management Contract management e2e 130

ivalua

APRIL 23, 2020

The session will present a great example of the importance of ensuring digitization addresses not just low hanging fruit, but also strategically important categories that are harder to manage. Another customer session will come from US health not-for-profit, Baylor Scott & White.

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking: Why is it Important?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Spend Matters

APRIL 12, 2023

Categories: Contract Management , Procurement Systems & Architecture Tags: PRO Contract lifecycle management (CLM) tools tend to specialize in a variety of areas to serve diverse use cases. Some may excel in metadata extraction for repository management.

Management 96

Management Contract management Import Contract 96

World of Procurement blog

MAY 8, 2024

Introduction to Contract Management Contract management is the process of systematically and efficiently managing contract creation, execution, and analysis to maximize operational and financial performance at an organization. Negotiations may be required to create new contracts.

Contract management 52

Contract management Contract Management e2e 52

Procurement Templates

NOVEMBER 13, 2022

These are the 7 important steps in the procurement process: Step 0: Defining the need Step 1: Request to purchase Step 2: Pre- sourcing Step 3: Procurement process. Step 4: Evaluation and contract. Step 5: Contract management. What are the 7 stages of procurement? Step 6: Invoice approvals and disputes.

Procurement 130

Procurement Contract management Contract Purchasing 130

ivalua

MARCH 16, 2020

Over thirty locations worldwide will benefit from the implementation of the software for strategic and operational purposes, including Supplier Lifecycle Management, Source to Contract (S2C), Contract Management and Requisition to Pay (R2P).

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

SCMDOJO

DECEMBER 29, 2024

Effective Communication for Supply Chain Professionals Effective Communication for Supply Chain Professionals by Alaa Elhawari , showcased by SCMDOJO academy, emphasizes the importance of effective communication within the supply chain, which is FREE. It covers KPI selection, data analysis, and performance improvement strategies.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Procurement Software

JUNE 20, 2023

The contract management software market is hot right now. Organisations seem to have finally realised that they’ve suffered from having a “desk drawer” approach to contracts. Being able to manage your contracts in one place, author them, approve them and sign them is a massive productivity boost.

Contract management 52

Contract management Contract e2e Management 52

Procurement Tactics

MAY 4, 2023

We will tell you the purpose and the different types of auditing contracts. Also, we will tell you how to prepare for contract contracts. Once you are done reading this article, you will be able to understand the importance of audits in your contract. Contract Audit: What is it? Why is it important?

Contract 184

Contract Negotiation Contract management Procurement strategies 184

Let's Talk Supply Chain

SEPTEMBER 7, 2022

And today in episode four, we’ll be turning our attention to Sifted’s Contract Management Suite. IN THIS EPISODE WE DISCUSS: [01.43] Some of the big challenges around contract management in the current climate. It’s about providing visibility… You need to be looking at your contracts.

Contract 97

Contract supply chain budgeting Contract management Supply Chain Optimization 97

ivalua

OCTOBER 29, 2019

If they needed contract management, they put a contract management system in place. If they needed an ERP system or a workforce management system, they would define their requirements and either select a system to implement or build their own. . The time to take the first step is now.

e2e 145

e2e Bidding Contract management Contract 145

Procurement Tactics

SEPTEMBER 8, 2022

Usually, operation purchasing managers work to enhance contract management, delivery management, and managing any feedback. Its most important role in the business is to coordinate with other processes and cut costs. What is its most important role in every business? How can I optimize it?

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Una

APRIL 18, 2023

Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management. .” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Jaggaer

JANUARY 28, 2025

Technology Optimization: 2018 Perspective: The focus was on adopting eProcurement systems, electronic sourcing, contract management, and total supply management to automate functions and create efficiencies. Here is an evaluation of each trend discussed in the article: 1.

Procurement 52

Procurement Eprocurement Contract management Sustainability 52

ivalua

MARCH 24, 2022

Further, suppliers play a pivotal role in innovation, ESG, risk management, quality, supply continuity, and many other critical organizational functions. Ivalua is honored to be recognized in this important evaluation covering a broad range of Procurement and Supply Chain processes.

Suppliers 130

Suppliers Management Supply Chain Efficiency Spend management 130

Jaggaer

MARCH 19, 2025

But what is less well known is that China also invests far more than the EU or the USA in its renewable energy capacity as it seeks to reduce its dependency on oil imports. Finally contracts management puts the collaboration between buyers and sellers on a firm legal basis.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Procurement Heads

JANUARY 4, 2023

Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches. Investing in supplier relationships is important so we can keep putting our members first. I really appreciated that.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Jaggaer

FEBRUARY 5, 2025

In the end-to-end source-to-pay (S2P) process , strategic sourcing is the link between spend analytics, category management and contracts management, and is supported by supplier intelligence. Strategic sourcing makes sense for suppliers that are of strategic importance to your organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Procurement Tactics

JULY 2, 2023

For today’s article, we will explore everything you need to know about Job Orders, including what it is, their importance, and how to utilize them. They shall ensure that a documented record of the procurement procedure, which can be vital for audits, contract management, and law enforcement purposes, is kept.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

ContractSafe

DECEMBER 20, 2022

Contract lifecycle management isn’t a great dinner party topic. But the success of your business could depend upon doing it well.

Contract 97

Contract Import Management Contract management 97

Procurement Templates

APRIL 10, 2022

These meetings should be part of the contract management process, and while it may seem obvious what to do, it’s important to consider what you’re trying to achieve with these reviews. Procurement strategies may also vary depending on the importance of the supplier. any initial supply chain.

Purchasing 130

Purchasing Supply Chain Optimization Supply Chain Efficiency Supply chain 130

ivalua

JUNE 16, 2021

MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Cut off from these important imports, MENA companies sharpened their focus on transforming supply chains, as a means of becoming more resilient and agile. Governmental support will also be an important factor.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

ivalua

MARCH 9, 2023

Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Contract Management: The piece that connects the upstream and the downstream, where value starts being captured.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

ContractSafe

JULY 19, 2023

Learn how laws like GDPR, CCPA, and HIPAA can impact your contract management system. Privacy compliance helps protect personal information from prying eyes.

Import 52

Import Contract management Contract Management 52

Procurement Heads

DECEMBER 5, 2022

Ben Stickland spoke with Dan Churton, Commercial & Transformation Director at Orbit to hear more about the organisation’s heritage, culture and the important role the Head of Procurement that Procurement Heads is recruiting will play in enabling Orbit to achieve its strategic goals. . How important is the Head of Procurement role?

Contract management 130

Contract management Contract Stakeholder engagement Procurement 130

Jaggaer

FEBRUARY 20, 2025

Although the terms may seem cumbersome, for senior management and company directors they provide a useful shorthand. Contract management: Now that youve identified the optimum combination of direct and indirect suppliers you face the task of negotiating contracts and then monitoring and ensuring adherence.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52