Spend Matters

FEBRUARY 5, 2025

Low adoption rates: Technologies like e-sourcing have been available for years, yet adoption among companies sits at around 60%-70%. For example, recent research from The Hackett Group showed that Digital World Class procurement organizations: Deliver superior business outcomes, with procurement return on investment being 2.5

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

ivalua

APRIL 2, 2019

Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. The company chose Consus and Ivalua for their deep capabilities in the Sourcing space to support their critical Purchasing processes.

Sourcing 100

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

SCMDOJO

FEBRUARY 21, 2025

Increased costs due to emergency sourcing. This is why having a strong procurement strategy is criticalit ensures business continuity, cost control, and risk mitigation in times of uncertainty. Regulatory Compliance: Ensures adherence to industry laws, ESG policies, and ethical sourcing.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

Pipefy

JULY 24, 2024

What is IT cost optimization? To say this is no small feat is an understatement; it involves businesses changing decades of spending patterns to embrace a new philosophy: cost optimization. Data center consolidation is a method any business seeking IT cost optimization should consider.

Cost optimization 52

Cost optimization Budget Strategy Data 52

ivalua

JANUARY 13, 2021

– Cost optimization which comes from two sources: first, the savings that are captured from purchasing through preferred suppliers and compliant channels, and second the lower cost of a more efficient purchasing process.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

SCMDOJO

FEBRUARY 16, 2025

Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective. Automates bidding processes and cost optimization. Helps businesses drive cost savings and mitigate procurement risks. Communicates with port authorities to minimize delays.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

Spend Matters

JANUARY 16, 2024

Redefining procurement in 2024: A quest from cost savings to strategic value creation Today, procurement leaders find themselves at a crossroads, torn between the age-old pursuit of cost savings and the imperative to infuse strategic value into their organizations.

Procurement solutions 103

Procurement solutions Procurement Spend management Supply Chain Optimization 103

Procurement Leaders

DECEMBER 9, 2022

With operations all over the world, and sourcing offices in Denmark, North America and China, its supply chain is exposed to a huge scope of complex challenges, across categories of spend including agriculture, chemicals, and enzymes, among others.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Procurement Insights

MARCH 16, 2025

MCP ensures that previous supplier evaluations, compliance issues, and sustainability scores are factored into ongoing sourcing decisions. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Spend Matters

SEPTEMBER 25, 2024

NPI is a longstanding and market-leading IT spend optimization service provider with experts providing services in five practice areas, such as licensing and cost optimization consulting.

Vendor relationships 116

Vendor relationships Buyers Market analysis Cost optimization 116

Jaggaer

MARCH 6, 2025

Procurement technology should support: Sustainable Sourcing : Tools to evaluate suppliers based on their sustainability credentials, carbon footprints, and ethical practices. Spend Analysis: Offering detailed visibility into spending patterns, enabling cost optimization.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

SCMDOJO

FEBRUARY 26, 2025

indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. Logistics and Freight Cost Optimization CPI can help measure transportation cost efficiency, ensuring that freight and shipping expenses remain within the planned budget. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 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

Jaggaer

OCTOBER 24, 2024

Here are key strategies to take you there: Utilizing technology platforms : Next-generation source-to-pay (S2P) platforms should offer integrated—not isolated or siloed—supplier management capabilities to make supplier information available across all business functions.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation.

Agile and Lean Supply Chain 52

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

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Jaggaer

OCTOBER 24, 2024

As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business. From basic cost optimization to leveraging technology, we’ve laid out our six best practices for building and maintaining collaborative supplier relationships.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

Let's Talk Supply Chain

FEBRUARY 12, 2025

increased production costs,supply chain reconfigurations,and potential shifts in sourcing strategies are just a few of the implications that ‍metal packaging producers are forced to navigate. One approach is to diversify sourcing channels to minimize the reliance on regions directly affected by the tariffs.

Raw materials 52

Raw materials Supply Chain Optimization Supply Chain Efficiency Supply chain 52

The Good Spending

JANUARY 3, 2022

Early Supplier Involvement to the rescue from bad sourcing In many companies, the sourcing process remains a disappointment for internal stakeholders and suppliers. The need for agile sourcing is undeniable. Nowadays, everyone carols Agile procurement and sourcing but forgets to explain it.

Sourcing 52

Sourcing Suppliers Innovation Procurement 52

Let's Talk Supply Chain

FEBRUARY 25, 2025

Strategic Planning: A forward-thinking approach to supply chain management, including forecasting, risk management, and cost optimization, is crucial for long-term success. Effective Communication: Clear and concise communication is essential for aligning team efforts and ensuring smooth coordination across all supply chain functions.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Ethics 52

SCMDOJO

AUGUST 28, 2024

Reduced Costs: Optimized warehousing practices minimize storage costs, optimize inventory levels, and streamline picking and packing processes, leading to significant cost savings. This leads to higher customer satisfaction and loyalty. cold storage facilities or fulfillment centers for e-commerce).

Real-time Visibility 98

Real-time Visibility Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 98

Procurement Tactics

JULY 4, 2023

By using this should-cost model template, businesses can analyze the cost breakdown of their product, understand the contribution of each raw material, track changes in costs over time, and identify areas for cost optimization and negotiation with suppliers. Monitor the prices of raw materials from your suppliers.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Spend Matters

JULY 21, 2022

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). By consequence, it also brought solution providers with dedicated capabilities for direct spend under the spotlight. Poland-based Procurence is one such provider.

Market analysis 97

Market analysis Procurement Quality management Supply Chain Optimization 97

SCMDOJO

SEPTEMBER 24, 2024

It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity. Importance of Make vs Buy in Supply Chain The Make vs Buy Analysis is critical for optimizing supply chain operations. What is a Make vs Buy Analysis?

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

Spend Matters

DECEMBER 20, 2023

To customers — CloudEagle is built for mid- and enterprise-level organizations and offers both cost optimization and actionable insights around SaaS applications in-platform (i.e., Here’s why CloudEagle Matters: To the market — CloudEagle offers SaaS application tracking and management aimed at reducing a customer’s SaaS spend.

Management 102

Management Market analysis Cost optimization Buyers 102

Spend Matters

JUNE 6, 2024

Our customers have rapidly adopted intake and orchestration because it provides higher levels of spend visibility across the entire purchasing process, powering data-driven decision making and cost optimizations. Many of these companies with an installed source-to-pay solution actively manage only 50%-60% of addressable spend.

Procurement 110

Procurement Influencing Contract Cost optimization 110

Empowering CPO

JANUARY 28, 2024

At EmpoweringCPO, we excel in Strategic Sourcing Outsourcing , a methodical approach to procurement that emphasizes data-driven decision-making, market intelligence, and innovative procurement analytics tools. Essential Tips and Tricks: Data-Driven Decision-Making: The foundation of successful Strategic Sourcing lies in data.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 40

SCMDOJO

JUNE 6, 2024

Ethical and Sustainable Procurement: The curriculum emphasizes the importance of responsible sourcing practices, aligning with the growing demand for ethical and sustainable supply chains. Deepen Your Expertise: As you progress, delve into specialized topics like cost optimization, risk management, and supply chain sustainability.

Procurement 105

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 105

Procurement Insights

MARCH 23, 2025

Indirect spending typically represents 15-27% of revenue in manufacturing companies, making it a significant area for cost optimization. Savings Potential: 5-10% via automation and strategic sourcing. Supplier Consolidation : Reducing the number of suppliers can lead to better negotiating power and cost savings.

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

IBM Supply Chain Blog

FEBRUARY 19, 2024

Cost optimization can be achieved through a combination of productivity enhancements, infrastructure savings and reductions in operating expenses. Therefore, adopting a holistic approach that prioritizes data-driven business transformation helps optimize value extraction. billion, and experts project it to reach USD 14.4

Data 63

Data Cost optimization Sourcing Risk 63

Arkestro

JANUARY 4, 2023

“This cautious optimism during a recessionary environment will fuel an increase in business transformation initiatives with a bottom-line cost savings impact—specifically those tied to procurement. As a result of recent turmoil, organizations will seek to prioritize responsible cost-cutting.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

ivalua

DECEMBER 19, 2018

PKP Energetyka, launched the implementation of Ivalua’s state-of-the-art Procurement and Sourcing solution with the participation of OptiBuy. We specialize in Procurement cost optimization (cost reduction projects), Global Sourcing projects as well as the implementation of specialist Procurement software solutions (Ivalua and NextBuy).

Supplier relationship management 100

Supplier relationship management Contract Buyers Procurement solutions 100

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Software

JANUARY 26, 2025

Or, maybe youre suffering from Cinderella complex: not bold enough to demand an upgrade to the outdated, clunky, legacy Source-to-Pay suite interfaces that suppliers and stakeholders havent really adopted. This shift elevates procurement from a reactive cost centre to a proactive driver of both cost optimization as well as sales enablement.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52

SCMDOJO

APRIL 4, 2023

To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. For example, technology like this allows organizations to keep track of inventory levels in real-time for better cost optimization decisions or offer customers more accurate estimates on when their orders will arrive.

Supply Chain Analytics 111

Supply Chain Analytics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 111

Sourcing and Supply Chain

MAY 27, 2021

Sourcing & Supply Chain is arranging a webinar series on “ Latest Trends in Logistics and Supply Chain Digitization “ Speaker : Vengatessh Rajasekar – Digital transformation consultant in PandoCorp , The Youth Forum Head of National council of India- CILT. Key Take Away Points: Understand industry 4.0

Supply Chain Optimization 52

Supply Chain Optimization Logistics Supply chain Supply 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. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65