Procurement Templates

NOVEMBER 21, 2024

Coupa, Ariba) Data analytics tools (e.g., Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Spend Matters

MARCH 27, 2025

In my experience, even the most advanced IT system cannot compensate for poorly defined processes and unreliable data. Clearly define master systems Secondly, she says, remember that data is the foundation of any digital project. So ask yourself: have you clearly defined the master systems for each data type?

Change management 112

Change management Data Import Project management 112

Spend Matters

NOVEMBER 26, 2024

Spend analytics vendors do what their name implies: they derive insights from spend data. This results in analytical data not just for those areas but also dashboards and opportunities that use hybrid data (spend + another factor) to help determine KPIs and enterprise goals. However, that is not all they are capable of doing.

Risk management 117

Risk management Risk Management Contract 117

Spend Matters

DECEMBER 23, 2024

GDPR alignment, secure data storage) reduce organizational risk. Making the business case and implementing the solution remains challenging Data integration with existing systems: Integrating procuretech with existing ERP and finance systems is a common challenge. Risk reduction: The platforms compliance features (e.g.,

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

Spend Matters

NOVEMBER 25, 2024

SpendHQ is well positioned to accomplish all of the above, as it is able not simply to track spend data but actually create and track savings plans (opportunities/projects) based on that spend data. Additionally, it can model and marry a variety of data alongside the spend, from contracts to risk.

Procurement team 117

Procurement team Market analysis Strategic sourcing Strategic sourcing 117

Spend Matters

NOVEMBER 19, 2024

“Yes, we’ve seen a clear increase in demand for risk-related technology from our customers, driven by the growing complexity and volume of data they are required to manage. Today’s organizations expect risk technology to not only provide data but also enable quicker decision making and faster action that leads to measurable impact.

Risk management 110

Risk management Risk Management Real-time Visibility 110

Spend Matters

NOVEMBER 4, 2024

By providing a unique supplier portal that integrates data from various ERP systems, IDAS helps manufacturers maintain on-time delivery rates, ensuring operational efficiency and stability in complex supply chains. It leverages data to provide customers with insights to ensure supply continuity.

Supply Chain Efficiency 113

Supply Chain Efficiency Management Supply chain Buyers 113

Spend Matters

MARCH 25, 2025

However, when it comes to procuring third-party software, data and professional services, AWS Marketplace is the dedicated platform designed to support businesses in building and running their digital infrastructure. 4,000+ data products available through AWS Data Exchange. More than 20,000 public listings across 70 categories.

Procurement solutions 94

Procurement solutions Procurement Purchase orders Data 94

All Things Supply Chain

APRIL 30, 2024

It helps a company to understand its data perfectly and make informed decisions concerning… Analytics is a powerful tool that supply chain experts find critical in the modern competitive market.

Supply Chain Efficiency 246

Supply Chain Efficiency Supply chain management Supply chain management Supply chain 246

Spend Matters

FEBRUARY 26, 2025

Mike Cook, SOVRAs Chief Product Officer, emphasized the importance of clean data and how SOVRA is supporting users with a qualified data lake. Intelligent Solicitation Builder: A guided automated tool that uses historical purchase data and business rules for solicitation creation.

Procurement 116

Procurement Bidding Contract management Data 116

Supply Chain Dive

MARCH 17, 2025

Big NMFC changes are coming! Learn how new LTL freight classification standards impact your shipments, carriers and operations.

Data 107

Data 107

ivalua

JUNE 14, 2023

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation.

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

Procurement Leaders

NOVEMBER 18, 2024

Kaye Sumatra, CPO at Grab, views the application of AI in procurement through four broad lenses: content creation and ideation; data and documentation analysis; real-time market intelligence; and process automation. She then cross-fertilises with the various stages in the procurement process to seek out opportunity.

Innovation 130

Innovation Procurement Data Collaboration 130

Spend Matters

FEBRUARY 17, 2025

Dirty data is a problem that everyone is familiar with. Whether it is messy supplier or spend data or files nested in random Google Drives and Excel files, every company can identify a data source theyd like to have cleaned. It is designed to normalize 100% of supplier data through a combination of rules and human intervention.

Suppliers 89

Suppliers Market analysis Data Buyers 89

Spend Matters

DECEMBER 30, 2024

Operational: The time saved and operational excellence improved by automation of tasks, improved data analytics and process optimization (> OPEX reduction/optimization) is greater than 20%-50% of total FTE. Cleanliness of master data and/or the overall ability to integrate existing systems with new Procuretech.

Supply Chain Efficiency 111

Supply Chain Efficiency Supply Chain Optimization Cost of ownership Procurement 111

SCMDOJO

OCTOBER 30, 2024

These platforms can dynamically adjust the difficulty of tasks, provide targeted resources, and suggest personalized learning paths based on real-time performance data. Developing Analytical Skills Data analysis is at the heart of effective supply chain management.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

All Things Supply Chain

MAY 6, 2024

The transport of goods across the sea and across countries requires an intricate network of data to effectively get items delivered by their due date. Because the manufacturing and sale…

Networking 274

Networking Data Supply chain management Supply chain management 274

Spend Matters

NOVEMBER 7, 2024

This experience underscored the broader market gap for a solution capable of consolidating data from reliable sources, creating a risk profile for each third party and generating an intrinsic risk score that evolves into a manageable residual risk score once mitigation controls are applied. What is the road ahead for Halo Ai?

Supply Chain Efficiency 111

Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

Spend Matters

DECEMBER 16, 2024

Together, these disciplines empower organizations to handle tariff-related risks (and a broader range of supply chain challenges that extend well beyond tariffs) because they provide the visibility and data granularity necessary to handle tariff complexities.

Agile and Lean Supply Chain 110

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 110

ivalua

JANUARY 31, 2023

By integrating the EIC’s functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

SCMDOJO

JANUARY 9, 2025

However, these solutions use data analytics, automation, and predictive modeling to streamline operations, enabling procurement teams to make faster and more informed decisions. According to Gartner, organizations that leverage data-driven procurement see a 20% improvement in decision accuracy.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Spend Matters

NOVEMBER 7, 2024

Halo Ai uses AI models to connect, correlate and contextualize real-time data points to bring customers the full risk story. Even though it is a young company, through partnerships, it has financial and cyber data on millions of companies already in its system.

Risk management 111

Risk management Risk Suppliers Supply chain 111

Spend Matters

MARCH 10, 2025

By providing deep insights into purchasing patterns, supplier performance and areas for cost reduction, spend analytics can transform raw data into actionable intelligence. To potential buyers Spendkey provides a turnkey solution with solid data management, making it a good starting point for organizations that lack spend analysis.

Buyers 114

Buyers Quality Purchasing Data 114

All Things Supply Chain

MARCH 11, 2024

Blockchain, AI, data… Supply chain visibility is about knowing where things are at all times, from their sources to their final destinations. Various technologies can track goods in real time.

Supply Chain Visibility 265

Supply Chain Visibility Real-time Visibility Supply chain Supply 265

Spend Matters

OCTOBER 30, 2024

As part of our series on all aspects of risk management, we are taking a look at the digital capabilities of risk solutions (supplier risk management, TPRM and SCRM).

Risk management 114

Risk management Risk Management Collaboration 114

Spend Matters

NOVEMBER 14, 2024

The report once again delivers data-backed findings of the state of SRM across the globe and gives best practice models, guidance and suggestions stemming from those findings. These findings are interwoven with real-life case studies to help organizations fulfil the job of building the ‘R’ in SRM and deriving value from it.

Suppliers 114

Suppliers Raw materials Collaboration Management 114

Procurement Leaders

DECEMBER 9, 2022

After years of firefighting, CPOs are leading their teams into an era of data-driven resilience – enabling their teams to deliver new sources of value. Dive deeper to discover the future of the function.

Sourcing 246

Sourcing Data Risk management Sustainability 246

Spend Matters

JANUARY 23, 2025

The momentum around this ‘best practice’ has been further accelerated by the marketing efforts of market intelligence companies selling data and even a few purpose-built software platforms to make these efforts more efficient and accurate. supplier count, event size).

Price 104

Price Negotiation supply chain software solutions Supply Chain Optimization 104

Spend Matters

FEBRUARY 27, 2025

Do you have your data cleansed? You measure yourselves internally through a number of stakeholders, asking questions about technical maturity, process maturity, data, governance etc. As mentioned, clean data is one of the most important things to have right from the outset. Dirty data will only sabotage your mission.

Procurement 72

Procurement Real-time Visibility Change management Data 72

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. Better Data One of the biggest advantages of digitising your procurement operations is improved data quality.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52