Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Procurement Leaders

AUGUST 19, 2024

Data has become the lifeblood of business. The challenge, as we all well know, is finding the right data, at the right time, and applying it to the right situations to elevate both the quality and impact of decision-making. This is, of course, a two-way street: data challenges are in no way unique to CPOs and their teams.

Data 130

Data Price negotiations Procurement team Procurement 130

Planergy

MARCH 10, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Data-driven insights improve resource allocation and student outcomes. Data-driven insights improve resource allocation and student outcomes. Technology simplifies data storage, analysis, and accessibility for schools.

Data 52

Data Management Budget Real-time Visibility 52

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 96

Procurement solutions Procurement Purchase orders Data 96

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

JANUARY 8, 2025

As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources. This Spend Matters Vendor Analysis provides an overview of Zip and its solution for intake, orchestration and source to pay (S2P).

Market analysis 111

Market analysis Procurement team Sourcing Buyers 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

Spend Matters

FEBRUARY 26, 2025

During one breakout session, Gideon Davis (Administrator, Nevada State Purchasing Division of the Department of Administration), Anna Shpigel (Deputy Assistant Secretary, Massachusetts), and Rose Svitak (Manager, MMCAPs Knowledge and Financial Management Team) talked about the importance of aligning procurement and finance.

Procurement 116

Procurement Bidding Contract management Data 116

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

ivalua

JANUARY 13, 2021

Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. Think about all the users (requisitioners, approvers) of a P2P process and the amount of time they spend purchasing if the process is inefficient.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Insights

FEBRUARY 21, 2025

Decentralized & AI-Driven: Uses AI, blockchain, and data-sharing to make procurement decisions autonomous and real-time across the supply chain. Centralized Procurement Request System: Employees submit purchase requests through a unified intake tool , which then routes them to the correct procurement solution (e.g.,

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Procurement Tactics

AUGUST 25, 2022

Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Thereby making him the world’s most sought-after purchasing and supply chain management author, speaker, consultant, and trainer. He is known as “the secret weapon of fortune 500 chief purchasing officers”. .

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

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

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

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

ivalua

SEPTEMBER 28, 2020

The Purchase Order has been touted as the only way to manage ‘maverick’ spend (stopping off budget expenditure), but it’s also a way to automate invoice processing. We need to take the good parts of the networks (data quality) and go back to look at AP Automation and invoice matching. What’s changed, nothing other than data!

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

Procurement Tactics

DECEMBER 6, 2022

It is a set of practices that ensures smart procurement decisions and efficient purchasing. Unclear purchasing policies. If the purchasing policies are poorly communicated, the procurement department or teams may not know what is expected of them. Manual processes in spend management cause many mistakes and errors in data.

Spend management 172

Spend management Management Real-time Visibility Budget 172

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

Procurement Express

MARCH 14, 2025

But keeping track of purchase orders, invoices, and spending can quickly become a headache, especially as your business grows. Instead, it integrates with third-party solutions that enhance your purchasing processes. In this post, we dive into the top purchasing software options. But heres the catch.

Real-time Visibility 52

Real-time Visibility Purchase orders Procurement Budget 52

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Tactics

JANUARY 5, 2023

It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system. Approved purchasers from the buying organization can access hosted catalogs as part of the purchasing process. Smooth purchasing transactions.

Buyers 179

Buyers Purchasing Suppliers Price 179

Procurement Tactics

SEPTEMBER 8, 2022

Some referred to it as MRO purchasing which pertains to maintenance, repair, and operations due to its significance to keep the business running. . You may think that this is the same as tactical purchasing. However, it is not true due to the fact that tactical purchasing is focused on short-term transactional activity.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Procurement Tactics

JUNE 28, 2023

It involves systematically tracking, recording, and analyzing data or metrics relating to procurement activities to improve efficiency, and cost-effectiveness , comply with business policies and procedures, and ultimately aid in important business decision-making. What is Procurement Tracking? The key elements are typically: 1.

Supply Chain Efficiency 178

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

Procurement Tactics

MAY 9, 2023

In procurement, invoice reconciliation refers to the process of checking the invoices received from a supplier with the purchase orders to verify if they match. During the reconciliation process, discrepancies between the purchase order and invoice are identified. Tips on Reconciling the Invoice 1.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

Procurement Insights

MARCH 27, 2025

Please take a moment to respond to my poll, as I will use the results in an upcoming paper that I will share with the Purchasing & Global Supply Chain Professionals (PGSCP) group on LinkedIn. You can check out the group using the following link: Purchasing & Global Supply Chain Group. The group’s Founder, James E.

Procurement 69

Procurement Quality Leadership Purchasing 69

SCMDOJO

DECEMBER 29, 2024

Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students. It covers KPI selection, data analysis, and performance improvement strategies.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Procurement Tactics

NOVEMBER 27, 2022

We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. What is Green Purchasing? Additionally, green purchasing considers the circular economy. However, many procurement managers and directors do not know how to collect this relevant data. .

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Procurement Tactics

MAY 22, 2023

To achieve this goal, it involves the use of advanced technologies, such as automated inventory management systems, transportation management software, and data analytics tools, to monitor and manage the entire supply chain in real-time. Advantages of Integrated Logistics 1.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

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

OCTOBER 31, 2024

What is True ValueHub True ValueHub’s solution is an AI and cloud-based software that helps manufacturing companies achieve cost savings on purchased parts and assemblies in mechanical, electro-mechanical and electronics categories. Read also our interview: An Introduction to True ValueHub.

Buyers 114

Buyers Raw materials Networking Suppliers 114

Procurement Tactics

JANUARY 8, 2023

Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. As we told you earlier, procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. . Download Whitepaper →. . Or receive our famous weekly newsletter.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Arkestro

DECEMBER 5, 2024

Cutting-edge advancements in artificial intelligence (AI), machine learning (ML), game theory, analytics, cloud computing, and big data are becoming deeply ingrained into manufacturing processes. Arkestro uses predictive models to analyze data, forecast demand, and identify potential disruptions before they occur.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

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. The results expected might be to improve time-to-purchase or the hours your team spends on manual tasks. Then you know your starting point.

Procurement 73

Procurement Real-time Visibility Change management Data 73

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

Procurement Insights

MARCH 3, 2025

Coupa, Jaggaer, Ariba) is a critical factor in procurement success or failure, given their overlapping goalsstreamlining processes, integrating data, and optimizing spend. Centralized Data Foundation Vendor Ecosystem Leverage Holistic Process Alignment Seamless Integration Potential In What Ways Can An ERP Hinder ProcureTech Implementations?

supply chain software solutions 78

supply chain software solutions Supply Chain Optimization Supply Chain Efficiency Procurement 78

Procurement Tactics

FEBRUARY 19, 2023

Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data. Supplier performance ChatGPT helps professionals to gauge the performance of their suppliers by analyzing supplier data and providing real-time alerts on any issues. Limitations of ChatGPT 1.

Procurement 287

Procurement Market analysis Contract Suppliers 287