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Contract management Management supply chain budgeting 
Procurement Templates
NOVEMBER 21, 2024
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Conduct Supplier Assessments: Regularly evaluate supplier performance using scorecards focused on quality, delivery, and cost. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,
ivalua
FEBRUARY 25, 2021
Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.
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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
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?
Procurement Tactics
MARCH 16, 2023
It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. It can also help you with contract management and compliance processes.
238 
SCMDOJO
JULY 18, 2023
Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.
Spend Matters
FEBRUARY 13, 2025
Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. For the third piece of tech, a contract management system, the Legal Department was a strong ally.
103 
SCMDOJO
APRIL 29, 2024
Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success.
SCMDOJO
SEPTEMBER 24, 2024
Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.
Planergy
MARCH 19, 2025
Modern Spend Management and Accounts Payable software. How better management in AP can give you better flexibility for cash flow management. Effective supplier management is essential for educational institutions. However, budget restrictions and transparency requirements present challenges. What's PLANERGY?
52 
ivalua
FEBRUARY 10, 2023
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.
264 
Let's Talk Supply Chain
MARCH 19, 2025
Today Im joined by Rygen Technologies , a supply chain software brand with a vision to provide user-forward, practically-delivered, and thoughtfully-engineered solutions. And, in supply chain, you really get to implement them. 11.22] Rygens Corsair transportation management, and why its not your typical TMS.
TYA Suite
OCTOBER 27, 2024
Using a procurement management system is one practical strategy to strengthen these connections. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.
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. About Ivalua.
Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
SCMDOJO
FEBRUARY 26, 2025
Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). What is the Cost Performance Index (CPI)?
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. It includes sourcing and supplier management, contract management, and procure-to-pay (P2P) functions.
Procurement Tactics
JULY 2, 2023
A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. A clear budget 4. Softwares Available for Creating and Managing Job Orders 1.
Procurement Tactics
JUNE 28, 2023
Procurement Tracking is the process of monitoring and managing procurement activities. It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Documents concerning the contracts shall also be undertaken.
Spend Matters
SEPTEMBER 26, 2022
Categories: Analysis , Procurement Systems & Architecture , Spend Management , Supply Chain , Supply Chain Management , Trade Financing Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Trax, a Transportation Spend Management (TSM) solution. Read more. ).
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.
97 
SCMDOJO
FEBRUARY 5, 2025
MCIPS: The Gold Standard in Procurement Qualifications MCIPS is a globally recognized professional qualification that signifies a deep understanding of procurement and supply management. It’s a structured program with defined levels that culminate in a prestigious certification.
59 
Procurement Express
DECEMBER 31, 2024
Procurement managers are pros when it comes to negotiating deals down to the penny, working closely with suppliers to secure terms that place them at a strategic advantage. What Happens When Indirect Spend Isnt Managed? Admin staff might be responsible for ordering office supplies. What Happens When Indirect Spend Isnt Managed?
Let's Talk Supply Chain
MARCH 5, 2025
Today Im joined by Reveel , a company with over 16 years of parcel agreement management expertise, that has generated over $300 million in savings for their clients. With over 8 years of experience in strategic partnerships, Jack drives innovative collaborations that advance supply chain and logistics technology.
Skill Dynamics
FEBRUARY 4, 2025
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.
59 
Jaggaer
FEBRUARY 20, 2025
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.). Category management segments your expenditure into areas which contain similar or related products.
52 
TYA Suite
JANUARY 27, 2025
The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supply chain.
Jaggaer
MARCH 6, 2025
Harnessing Advanced Technologies & Proving Benefit Modern procurement systems must integrate advanced technologies to streamline processes and enhance decision-making: Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are now indispensable for automating repetitive tasks, such as supplier evaluations and contract management.
Procurement Insights
MARCH 16, 2025
How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.
Jaggaer
FEBRUARY 5, 2025
This can include evaluating the suppliers financial stability, past performance, capacity to meet demand, and potential risks related to geopolitical factors, supply chain issues, or sustainability. While it may seem straightforward, many issues can arise, some of them entirely unseen if the process isnt carefully managed.
Jaggaer
JUNE 28, 2024
Procurement and supply chain professionals are emerging as enterprise linchpins. Our research shows that despite the strategic role procurement and supply chain teams play, these professionals remain underequipped, which presents a huge risk to organizations,” said Andy Hovancik, Chief Executive Officer at JAGGAER.
World of Procurement blog
JUNE 17, 2021
What is Contract Management? Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. Why do we need Contract Management?
Procurement Templates
JUNE 18, 2023
Central banks and governments often aim to manage inflation to maintain price stability and promote economic growth. Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively.
130 
Procurement Heads
JANUARY 30, 2023
My role also involves ad-hoc IT renewals and managing this process. You’ve previously worked on the supply chain side of retail, how much of a shift was it to procuring IT for a leading infrastructure company? Procurement is more about contract management and negotiating great commercials for your business.
Jaggaer
FEBRUARY 5, 2025
The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Maximizing Value Through Continuous Improvement The role of strategic sourcing doesnt end once the contracts are signed.
SCMDOJO
AUGUST 21, 2023
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.
Planergy
FEBRUARY 24, 2025
Modern Spend Management and Accounts Payable software. How better management in AP can give you better flexibility for cash flow management. It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. What's PLANERGY?
52 
Jaggaer
MARCH 19, 2025
We want to reduce costs. The second has become more pronounced in recent years, notably with the Covid pandemic and supply chain disruptions. Lets now break that down into the various stages in the traditional upstream source-to-contract (S2C) processes. The first of these has always been with us.
ivalua
NOVEMBER 29, 2022
And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management. The increase is directly correlated to the turbulent market caused by the pandemic, supply chain disruptions, and rapid inflation.
130 
Procurement Insights
DECEMBER 6, 2024
ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. Dairy.com**: Offers technology services and intelligence platforms tailored to the dairy industry, focusing on supply chain optimization.
ivalua
FEBRUARY 27, 2023
Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
ivalua
MARCH 9, 2023
Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?
130 
IBM Supply Chain Blog
FEBRUARY 13, 2024
In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.
Procurement Express
DECEMBER 31, 2024
There are enterprise resource planning (ERP) systems, which are complex systems designed to help companies manage all ends of the supply chain. How Does Procurement Management Software Work? How Does Procurement Management Software Work? Improved cost control. What is Procurement Software?
Procurement Heads
JUNE 6, 2023
Additionally, I am responsible for driving our technology initiatives, including e-tendering platforms, contract management, and ERP integrations. Furthermore, we are exploring how we can bring greater diversity and inclusion into our supply chain through EDI work. How is your team structured at Orbis?
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