article thumbnail

Körber strengthens strategic and operational procurement with Ivalua and OptiBuy

ivalua

As an international technology group with about 10,000 employees, Körber offers products, solutions and services that inspire. The close cooperation between supply chain management and internal stakeholders as well as external partners made a major contribution to this.

article thumbnail

Inflation & Procurement

Procurement Templates

Value engineering: Engaging suppliers early in the product development phase and involving them in value engineering can lead to cost reduction. Contract management: Effective contract management is vital to monitor and enforce agreed-upon pricing and terms.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supplier Collaboration Software — What You Should Know

Procurement Tactics

By leveraging the expertise of suppliers, organizations can drive innovation in product development and market strategies, resulting in mutually beneficial outcomes. It simplifies supplier management by providing a user-friendly interface for tasks such as onboarding, contract management, and performance tracking.

article thumbnail

10 CLM Platforms to Take Your Procurement Game to the Next Level

World of Procurement blog

Leading CLM platforms centralize contract storage, enable collaboration, provide robust search capabilities, and generate actionable insights through reporting and analytics. This allows organizations to scale contract management as their business grows. What contract types do you manage most frequently?

e2e 52
article thumbnail

AI-Powered Contract Redline – Dan Broderick from BlackBoiler

The Procuretech Podcast

We're diving in again to the ever-expanding contract management space this week, looking at a piece of software that straddles the murky waters between procuretech and legaltech. There's a lot of contract management software now on the market and it's becoming an increasingly crowded space. Connect with James on LinkedIn.

article thumbnail

Procurement Fact File

Claritum

In Deloitte’s Global CPO Survey 2016 the top 4 priorities for CPO’s were found to be cost reduction, new product development, increasing cash flow and organic expansion. New Product Development. Contract management. Supplier relationship management. Supplier risk and management.

article thumbnail

Business process management (BPM) examples

IBM Supply Chain Blog

Also, BPM provides real-time insights into compliance metrics and risk exposure, enabling proactive risk management and regulatory reporting. Standardized workflows can be created that guide contracts through each stage of the lifecycle. Real-time visibility into contract status improves overall contract management.