Procurement Software

MARCH 2, 2025

Source-to-Pay software is the cornerstone of every procurement tech stack. As you will see, many of these Source-to-Pay software solutions straddle either SME and Mid-Market, or Mid-Market and Enterprise. Here’s our Venn Diagram for Procure-to-Pay and Source-to-Pay software. It’s not.

Sourcing 52

Sourcing Procurement Contract management Price 52

Procurement Insights

MARCH 6, 2025

To better understand the pros and cons of a GenerativeAI Gartner Magic Quadrant Mock-up, you must first understand the pros and cons of the original source, e.g., quantifying how far the AI apple actually falls from its tree or original source. This lags the MQ behind fast-moving markets like climate tech.

Sourcing 52

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

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. Join us on this exploration as we uncover the definitions hidden within the realm of procurement reports and access free sample reports!

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Procurement Heads

DECEMBER 7, 2022

I really enjoyed those projects and that led me to more and more projects focused on procurement and then into the procurement and sourcing focussed consulting practices and then into the role that I am in now within industry. The two key functional areas are strategic sourcing and category management. How big is the function?

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

Procurement Templates

AUGUST 28, 2024

Market definition provides a framework for competition analysis. Market definition is usually the first step in the assessment of market power. Supplier Landscape source – [link] This involves conducting thorough market research, analyzing industry trends, and leveraging technology tools to identify suitable candidates.

Competitive analysis 130

Competitive analysis Contract Sourcing Suppliers 130

Una

NOVEMBER 19, 2023

The Definition of a Sourcing Hero | Part Two Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, Kelly traditionally asks each guest a question.

Sourcing 52

Sourcing Agile and Lean Supply Chain supply chain software solutions Procurement 52

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at Sourcing. What does a Sourcing solution do? Sourcing solutions offer supporting content and services for managing market approaches (including category strategy), execution (e.g., RFx management and e-auctions) and portfolio/performance management.

Sourcing 98

Sourcing Bidding Price Suppliers 98

Spend Matters

FEBRUARY 5, 2025

Lets start with a few definitions. Low adoption rates: Technologies like e-sourcing have been available for years, yet adoption among companies sits at around 60%-70%. To kick off this series, we would like to set the stage and position the building blocks that subsequent pieces will explore further.

Procurement 107

Procurement Change management Strategy supply chain budgeting 107

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at sourcing optimization. What does a Sourcing Optimization solution do? Why buy a Sourcing Optimization solution Intended to yield optimal sourcing decisions in large/complex sourcing events (i.e.,

Sourcing 98

Sourcing Bidding Price Suppliers 98

Spend Matters

NOVEMBER 19, 2024

Overall, customers want tech that integrates diverse data sources, speeds up risk analysis and offers clear guidance on potential mitigation steps. The technology should be able to give advance warning of risk to disruption and failures in advance and then quickly identify viable alternatives, allowing the organization to respond swiftly.

Risk management 110

Risk management Risk Management Real-time Visibility 110

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at Direct Materials Sourcing solutions. What does a Direct Materials Sourcing solution do? See ‘ Sourcing Optimization ‘ for the sourcing of direct services such as complex logistics.

Sourcing 98

Sourcing Bidding Price Suppliers 98

Procurement Tactics

SEPTEMBER 8, 2022

We will talk about its definition to help you grasp its meaning. The Definition of Operational Procurement. Additionally, it should not be confused with strategic sourcing which is more focused on the long-term approach. Once you have found out all the details of what the company needs, it’s time to determine the sources.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

The Thomas Blog

MARCH 21, 2024

This article will take a look at the ins and outs of lead scoring: its definition, how to score potential customers, and different lead scoring models. Criteria Definition Before assigning any scores, define the criteria that you’ll use to evaluate leads. What Is Lead Scoring?

Data 98

Data Purchasing Quality Strategy 98

Procurement Heads

JULY 6, 2022

As far as the split of the function we have four main areas, sourcing – a mix of Procurement Managers and Advisors across Germany, London and Delhi. Thirdly, our procurement operations team covers our spend analytics team, information-sourcing and general procurement support and that team is based in Delhi.

Networking 241

Networking Supplier relationship management Procurement Risk 241

ProcurePort

MAY 20, 2021

Catalogs, as we will see in the definition below, are resources that increase the efficiency of the procurement process. Sourcing teams are able to search quickly through a database for the particular items they require without needing to type out a host of purchase […]. What is a supplier catalog and what purpose does it serve?

Suppliers 130

Suppliers Purchasing Sourcing Procurement 130

SCMDOJO

DECEMBER 29, 2022

Warehouse Automation Definition: Warehouse automation uses technology and automated systems to streamline inventory management, storage, and shipping. To integrate WMS into a new software without any problems, these issues must be addressed: First, every data source needs to be integrated from the start.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Warehouse operations 72

Spend Matters

FEBRUARY 25, 2025

For example, many reports show that the adoption of e-sourcing by best-in-class companies has stagnated at 60% – 70% since 2007. Sourcing alone involves the many and often manual processes for RFxs, like RFIs, RFPs, RFQs, etc. However, adoption (by teams, by stakeholders, by suppliers) is not a reality for most organizations.

Real-time Visibility 110

Real-time Visibility e2e Procurement Negotiation 110

Procurement Insights

MARCH 19, 2025

Is there clear and definitive or detailed proof that ORO Labs has had successful client implementations? SOURCE #1 As of March 19, 2025, there is no single, definitive public document that provides detailed, comprehensive proof of ORO Labs successful client implementations with specific metrics, timelines, and outcomes for named clients.

Procurement 52

Procurement Import Suppliers Sourcing 52

Procurement Insights

FEBRUARY 21, 2025

Strand Commonality: Definition: This theory posits that related attributes exist within different data streams, and these attributes collectively influence desired outcomes. Here’s how they are linked: 1.

Influencing 52

Influencing Data Collaboration Sourcing 52

Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. They are typically sourced from nature, such as minerals, metals, chemicals, or agricultural products.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. They are typically sourced from nature, such as minerals, metals, chemicals, or agricultural products.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Procurement Tactics

FEBRUARY 19, 2023

Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data. Answering procurement-related questions ChatGPT can answer a wide range of procurement-related questions including the definition of terms, regulations, and best practices in procurement.

Procurement 287

Procurement Market analysis Contract Suppliers 287

ivalua

JUNE 29, 2020

According to 2019 Definitive Healthcare data, U.S. Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. To paint a somewhat simple picture: The basics may involve simply building up internal sourcing expertise and addressing basic indirect spend. Share on Twitter.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Procurement Insights

MARCH 23, 2025

Product Quality Definition: The consistency, reliability, and compliance of goods or services procured indirectly (e.g., Supplier Delivery Performance Definition: The timeliness, accuracy, and reliability of supplier deliveries for indirect goods/services (e.g., sourcing, PO processing, supplier management). Ivaluas analytics).

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Collaboration 52

Finale Inventory

JULY 21, 2024

This article covers the various definitions and applications of arbitrage, as well as its different types, mechanics, and legal implications. The basic definition of arbitrage involves buying a product or asset at a lower price in one market and selling it for a higher price in another market. The post What is Arbitrage?

Ethics 52

Ethics Inventory Price Risk management 52

Spend Matters

FEBRUARY 18, 2025

Note that a major differentiating factor between these three definitions is the central importance placed on tech. Digital transformation is a digital-first approach encompassing all aspects of business, regardless of whether it concerns a digital business or not.

Procurement 77

Procurement Purchasing Suppliers Procurement team 77

SCMDOJO

JANUARY 23, 2025

A business will lose money if these resources and services are sourced from distant regions and locations. And vice versa, sourcing from nearby locations will save money and time. Online Reputation Management You need to have a strong, positive online reputation for many reasons, one of which is talent sourcing.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 98

Procurement Software

MARCH 7, 2023

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

ivalua

FEBRUARY 4, 2020

When you think that many CPOs are looking to Supply Chain professionals in their organizations for data which will be used to make strategic decisions on AI, IOT, blockchain and contract automation, there is definitely a compelling reason to get this right. Source: 2019 Supply Chain Data Quality and Governance Study. But it’s not easy.

Data 130

Data Quality Supply chain Suppliers 130

Procurement Insights

MARCH 19, 2025

The independence of ProcureTech 100 and SOURCE is gone, so that chapter seems to have closed with this move. Our team deleted our profile from the procuretech/SOURCE portal today. This is definitely a “Kansas City” moveunexpected but, above all, unusual.

Sourcing 52

Sourcing Procurement Data 52

Finale Inventory

JULY 22, 2024

This article will cover SKU rationalization, including its definition, benefits, and practical examples in ecommerce. Regular audits and cross-validation of data from multiple sources can help mitigate these challenges and provide a solid foundation for SKU rationalization efforts. The post What is SKU Rationalization?

Inventory 52

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Jaggaer

OCTOBER 24, 2024

Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market. That makes agility a foundational part of your manufacturing strategy. Performance and stability can waver.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Spend Matters

DECEMBER 13, 2022

In that time, the vendor went from an industry darling best known for its comparatively easy-to-use P2P and expense management solutions to the industry-leading source-to-pay (S2P) suite, with ambitions to expand beyond the procurement- and finance-centric market into supply chain, treasury, HR and more. .

Procurement strategies 98

Procurement strategies Spend management Sourcing Procurement 98

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. BoxFox Liquidation.com 360 Components J2 Sourcing Gain More Knowledge About Liquidate Inventory 4.

Supply Chain Efficiency 95

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

Procurement Tactics

AUGUST 22, 2022

It is common that there is no common definition for tail spend across different organizations. This unmanaged spend is on the traditional side of the definition of tail spend. To identify your tail spending, you will need to retrieve your spending data from all sources so you can analyze it. Pareto principle. LEARN MORE.

Purchasing 130

Purchasing Suppliers Negotiation Spend management 130

Spend Matters

JULY 19, 2023

Procurement, Finance and IT teams often lack a single source of truth, relying instead on spreadsheets, documents and contracts scattered across various platforms. Productiv helps organizations automate processes, provide a centralized source of information and streamline collaboration among stakeholders.

Management 98

Management Market analysis Sourcing Collaboration 98

Finale Inventory

JULY 22, 2024

Exploring alternative sourcing options and diversifying the supplier base can provide added flexibility and resilience to anticipation inventory management. Multiple suppliers help mitigate the risk of over-reliance on a single source and protect against unexpected disruptions.

Inventory 52

Inventory Supply Chain Optimization Supply Chain Efficiency Demand 52