Remove Contract management Remove Spend management Remove Supply market
article thumbnail

Expanding the influence and impact of Procurement

Spend Matters

However, although Utz Brands enjoys a long and successful history, Ron understood that he had to be prudent and efficient with the dollars available to invest in technology because he did not have the budget that larger competitors have to spend.

article thumbnail

Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

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). Source-to-Pay is typically broken into two parts – upstream and downstream.

Sourcing 130
professionals

Sign Up for our Newsletter

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

article thumbnail

Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Assessment of the supply market (who offers what?) How Has Strategic Sourcing Evolved?

article thumbnail

Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

So, what are the common challenges purchasing managers face today, and how can they address them? Risk management and mitigation. Risk management and mitigation is a primary purchasing challenge today. Before, purchasing managers often prioritized spend management. Collecting accurate data and insights.