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.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

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. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

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

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Tactics

JUNE 28, 2023

By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize. Procurement Tracking is the process of monitoring and managing procurement activities. Here is a few useful procurement tracking software: 1.

Supply Chain Efficiency 178

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

Spend Matters

MAY 29, 2024

Next, Clinton Hazziez, System VP, Supply Chain Operations and Strategic Sourcing of Baylor Scott & White Health, the largest non-profit healthcare organization in Texas, spoke about his organization’s digital transformation journey. Hazziez illuminated how the healthcare industry optimizes its supply chain.

supply chain software solutions 117

supply chain software solutions Procurement Supply Chain Optimization Contract 117

Procurement Insights

JANUARY 3, 2025

Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. This evolution reflects broader changes in business priorities, technological advancements, and the increasing complexity of global supply chains.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. Contract management: Effective contract management is vital to monitor and enforce agreed-upon pricing and terms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

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.

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Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

World of Procurement blog

MAY 8, 2024

Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Buy fair trade, organic, and locally sourced goods whenever possible. Conduct supply chain audits and due diligence on high-risk categories.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

ivalua

DECEMBER 21, 2021

Together with its strategic partner Optis Consulting, Ivalua’s solution has digitally enabled FCL’s policies and processes for core procurement activities, including sourcing and contract management. Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.

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Contract Sourcing Suppliers Data 130

Procurement Software

JUNE 13, 2023

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?

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supply chain software solutions Contract management Contract Sourcing 52

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Procurement Insights

MARCH 23, 2025

The company likely has multiple facilities, a global supply chain, and sustainability priorities (e.g., Savings Potential: 5-10% via automation and strategic sourcing. Office Supplies and Equipment: 5% ($3.75 million) Spend Estimate: ~$440 million (20% of indirect spend), for software, hardware, and telecom.

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. With a Ph.D.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Gain valuable insights and knowledge to effectively manage total cost of ownership in today’s evolving business landscape.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles! It’s time to air our dirty laundry.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Procurement Express

DECEMBER 31, 2024

Facilities management : Maintenance, cleaning, and security services. IT services : Software subscriptions, cloud storage, and tech support. When you’re comparing direct and indirect spend, half the battle comes down to managing changes in the supply chain. What’s Behind This Disconnect?

Spend management 40

Spend management Strategy Management Real-time Visibility 40

World of Procurement blog

APRIL 23, 2024

Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Tasks such as vendor selection criteria, contract management and compliance initiatives should be clearly defined.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Let's Talk Supply Chain

MARCH 23, 2023

With a decade hallmarked by disruption, consumers are more aware of supply chain and how industry shortages, talent gaps, and climate events impact their daily lives and local communities. One dialogue that is still catching fire is how closing the gender gap in supply chain can help the industry build its ranks and agility.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply chain 52

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. Moreover, procurement is often directly involved in achieving strategic business goals.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Let’s look at each one separately.

Procurement 52

Procurement Category management supply chain software solutions Data 52

World of Procurement blog

MAY 10, 2024

This supports strategic sourcing efforts. Monitoring supplier relationships : AI can track supplier performance metrics, analyze contract terms for risks, and identify opportunities to improve supplier relationships. This maximizes value from sourcing partnerships.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurify

JULY 20, 2022

Although this is still an important part of their job, strictly working with low-cost suppliers isn’t always the best way to manage spending. Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. Note, don’t just implement tools from your ERP system which Finance most often dictates, just because its part of the software suite. appeared first on Supply Chain Game Changer™. Subscribe Here! Email Address. What’s the Difference between Procurement and Purchasing?

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Empowering CPO

JULY 17, 2023

Understanding Managed Procurement Services Definition and Explanation of Managed Procurement Services Managed Procurement Services (MPS) are comprehensive solutions provided by external organizations specializing in procurement processes and strategies.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. These competencies are essential for ensuring that organizations can secure the goods and services they need at the best possible value.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Pipefy

JANUARY 31, 2023

Examples range from training services to software to raw construction materials. Digital procurement The application of technologies such as process automation, Artificial Intelligence (AI), and data analysis to the procurement process via software or a portal system. Examples of source documents include requisitions, POs, and RfQs.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Pipefy

JANUARY 5, 2023

Digital procurement means letting go of manual data entry, paperwork, and complex request management and instead opting to use software that streamlines procurement through integration and automation. For example: the ERP system, SAP, Netsuite, and other finance software. The first choice will be the software type.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Procurement Software

AUGUST 27, 2024

In addition, supply chains and risk management have become more complex, requiring a less siloed and more joined-up approach to managing strategic suppliers. So, how will this impact category management? What is a typical procurement category manager salary? It’s a mid-senior level role.

Category management 52

Category management Management Procurement Agile and Lean Supply Chain 52

Procurement Software

JANUARY 23, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Inhubber Inhubber is a contract management and digital signature platform powered by blockchain and AI. It offers solutions for vendor management, sourcing, and productivity.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52

Planergy

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Spend analytics involves classifying your spending data, identifying relevant trends, and implementing solutions that improve your purchasing power. How to gain visibility and control of your indirect spend.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52