Spend Matters

APRIL 10, 2025

Rules of origin (ROO) require clear and accurate documentation to demonstrate how and where a product was manufactured or assembled. Our interview with Thomson Reuters is another useful source for getting to grips with tariffs, trade and compliance. Also, ROOs are complex and can be a minefield of compliance issues.

Procurement 94

Procurement Raw materials Risk Supply chain 94

ivalua

MARCH 18, 2021

Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. 0207 436 0420.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

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. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

Procurement Tactics

SEPTEMBER 8, 2022

Additionally, it should not be confused with strategic sourcing which is more focused on the long-term approach. Strategic sourcing promotes the timely supply of goods or services that are needed to meet the objectives of an organization. . This transaction becomes the first binding document of the operational procurement process. .

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Procurement Leaders

MAY 13, 2024

A major difference between an RFS and an RFP is that buyers approach suppliers without knowing precisely what it is they are sourcing. Instead, the team invites suppliers to submit proposals to a given challenge. If selected, those proposals can then be further developed in collaboration with relevant business stakeholders.

Innovation 130

Innovation Sourcing Buyers Suppliers 130

Procurement Tactics

OCTOBER 12, 2022

A construction request for proposal (RFP) is a document that is used by organizations to get details for accomplishing their goals from potential suppliers and helps to source the best contractor to create the drawing boards. . An RFI is a document used by many agencies and companies to collect information for capital improvements.

Bidding 177

Bidding Negotiation Collaboration Procurement 177

Procurement Insights

MARCH 25, 2025

AdaptOne Solution: Centralized supplier portal with automated onboarding Real-time tracking of certifications , insurance , NDAs , and regulatory documents Automated alerts for expiring documents or compliance issues Impact: Fewer manual processes, reduced supplier risk, faster onboarding, and improved compliance with food safety standards.

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Spend Matters

NOVEMBER 2, 2022

Categories: E-Sourcing , Procurement Systems & Architecture , Sourcing , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Globality and its services sourcing solution. B2B vendors that use a B2C model are learning to create a fair, ethical model for sourcing services.

Sourcing 98

Sourcing Strategic sourcing Strategic sourcing Ethics 98

SCMDOJO

MARCH 14, 2025

This may be done via email in some cases, or in rare cases through physically mailing the documents or submitting in person at the designated location. In recent times, there are online portals, where relevant documents and proposals are to be submitted. Rejection of Non-compliant Bids Disqualify incomplete or non-responsive bids.

Bidding 59

Bidding Contract Contract management Price 59

Procurement Tactics

NOVEMBER 14, 2022

A Request for information (RFI) is a method of gathering information from multiple suppliers before the procurement manager starts to source products or services. . A request for proposal (RFP) is a document that contains the description of the project and solicits bids from potential contractors to complete it. The Meaning of RFP.

Bidding 178

Bidding Suppliers Procurement Import 178

Procurement Software

MARCH 16, 2025

By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins. Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

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.

Supply Chain Efficiency 111

Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

Procurement Tactics

OCTOBER 6, 2022

A request for proposal (RFP) is an important document that is used to solicit bids prior to the acquisition of goods and services for a project. . The term RFP describes both the RFP document and RFP solicitation process which are the tools used in soliciting proposals. Start the project and track and document key data.

Project management 180

Project management Management Bidding Buyers 180

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. Audit and Documentation Job orders provide crucial documentation for audit purposes.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

OCTOBER 18, 2022

Additionally, it helps companies to streamline supplier selection, supplier onboarding, supplier performance assessment, supplier document management, and other important supplier-related processes. It provides supplier relationship management tools that are designed to make the source-to-pay workflow easy. ProcureWare.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Spend Matters

FEBRUARY 17, 2025

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. Dirty data is a problem that everyone is familiar with. It is designed to normalize 100% of supplier data through a combination of rules and human intervention.

Suppliers 88

Suppliers Market analysis Data Buyers 88

Procurement Insights

MARCH 27, 2025

AdaptOne Solution: Centralized supplier portal with automated onboarding Real-time tracking of certifications , insurance , NDAs , and regulatory documents Automated alerts for expiring documents or compliance issues Impact: Fewer manual processes, reduced supplier risk, faster onboarding, and improved compliance with food safety standards.

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

Procurement Tactics

MAY 24, 2023

Vendor scorecards are documents that allow businesses to evaluate the performance of a vendor over time. Strategic sourcing managers and procurement managers are typically responsible for managing supplier scorecards. Make use of the research that was conducted for these documents to guide your evaluation.

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

ivalua

MARCH 3, 2020

On the contrary, Procurement often plays the bad cop role, creating barriers to onboard new and innovative suppliers, asking for endless compliance documents, ending the magic of the incubation. Avoid sending hundred pages standard contractual documents at early stages, otherwise few startups will remain in your game. Why is it so?

Procurement 182

Procurement Innovation Chief Procurement Officer Collaboration 182

SCMDOJO

SEPTEMBER 29, 2022

It is an internal document every company is required to maintain under the governance of GDPR Requirements. Such a document ensures that all data processing activities conducted by a company are following the data protection legislation laid down by the GDPR. Given below are the details your RoPA document should contain.

Data 120

Data Supply Chain Efficiency Sourcing Risk 120

Procurement Tactics

AUGUST 29, 2022

E-tendering is an essential part of the e-procurement process as it facilitates the way of sourcing suppliers efficiently. . It also lets the parties generate and exchange documents with e-signatures and messaging, and evaluates bidding suppliers for procurement opportunities. . E-tendering often happens during the selection process.

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

Procurement Tactics

JUNE 7, 2023

A sustainable procurement strategy is a document that directs the company to realize its sustainability vision or goals. Additionally, a sustainable procurement strategy allows businesses to ensure that the products and services that they will source have no negative environmental and social impacts. Why is it important?

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

Skill Dynamics

APRIL 10, 2025

Recent and proposed tariff changes are reshaping the landscape at a rapid speed, putting supply chain leaders on high alert and forcing businesses to rethink sourcing strategies, supplier relationships, and cost structures. From the U.S. A highly skilled supply chain workforce is critical to responding quickly and strategically to disruption.

Agile and Lean Supply Chain 66

Agile and Lean Supply Chain Supply chain Supply Supplier negotiation 66

Procurement Templates

AUGUST 28, 2024

Do this via Teams Webinar or a town hall Share draft documents and follow up with discussions- what does the market think, are you on the right track, is it feasible? What might you do as part of the Pre Market Engagement? Host a webinar to warm up the market- introduce your tender, who you are what you would like to achieve.

Competitive analysis 130

Competitive analysis Contract Sourcing Suppliers 130

Procurement Tactics

NOVEMBER 23, 2022

For example, if the company’s mission aims to lower its carbon footprint, then the procurement manager or department should focus on sourcing sustainable and non-toxic materials from suppliers who share similar values. . By working with procurement teams, companies can source external resources that may help achieve CSR initiatives. .

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Procurement Tactics

APRIL 17, 2023

Usually, market research covers sourcing for new available suppliers. Depending on the business, a sourcing specialist can help them in identifying new sources of supplies. Request For Information (RFI) The second step is to ask for information from all the stakeholders of an institution that needs the supplies.

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

SCMDOJO

JUNE 3, 2022

Gather the accountants, leaders, department heads, store managers, and ask them which document plays the most significant role in the company. But most will agree that one document is crucial for nearly all business functions, and automating it can ultimately boost your profits. Image Source: ControlHub. Here’s why.

Purchase orders 131

Purchase orders Purchasing Quantity Buyers 131

Procurement Insights

MARCH 19, 2025

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. SOURCE #2 Yes, there is clear and detailed evidence of successful client implementations by ORO Labs.

Procurement 52

Procurement Import Suppliers Sourcing 52

ivalua

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Business Process Description.

Risk 130

Risk Suppliers Management Supply Chain Efficiency 130

Spend Matters

APRIL 17, 2024

Because it integrates external data sources with internal datasets, organizations can use the app to validate critical supplier information. The Data Assure App leverages all available global data sources, including tax ID, address, banking details and sanction list checks, to ensure robust validation processes.

Suppliers 111

Suppliers Data Market analysis Demand 111

Jaggaer

MARCH 21, 2025

JAGGAER One, our AI-powered source-to-pay platform, is transforming how businesses manage their spending. By embedding AI-driven automation and decision-making capabilities, JAGGAER One enables procurement teams to accelerate sourcing, improve supplier collaboration, and mitigate risks in real time.

Innovation 52

Innovation Sustainability Leadership Procurement team 52

Procurement Tactics

MAY 15, 2023

Sri Lanka’s Export Development Board documented a 5.8% By 2030, Sri Lanka will start using 70% of its electricity generation from renewable sources and will source and import EVs (electric-powered vehicles ) to achieve its net-zero carbon emission goals. increase or 543 million US dollars in March 2023 in its services exports.

Export 206

Export Import Negotiation Sustainability 206

Procurement Tactics

AUGUST 10, 2022

The invoices are typically sent as a paper document or attached to an email that the supplier will send. . If all the documents match, the invoice will be approved for payment. In AP automation, the software will automatically compare the documents if they match before approving an invoice for payment. The purchase details.

Management 130

Management Suppliers Import Negotiation 130

Jaggaer

DECEMBER 12, 2024

release includes improvements for Source-to-Contract (S2C). release includes improvements for Source-to-Contract (S2C). Smart matching of supplier attributes to rate structures is now available between Advanced Sourcing Optimizer (ASO) and the new Advanced Rates feature to streamline sourcing events and bid exports.

Supply Chain Optimization 52

Supply Chain Optimization Bill of materials Supply Chain Efficiency Contract 52

Procurement Tactics

MAY 14, 2023

ChatGPT & AI in Procurement Course Unleash the power of ChatGPT & AI within procurement Argentina’s Import and Export Figures in 2023 Argentina’s Ministry of Foreign Affairs, International Trade and Worship documented the country’s imports and exports in the first quarter of 2023: 1. billion and imports amounted to $10.4

Export 203

Export Import Negotiation Sustainability 203

Procurement Tactics

MAY 11, 2023

The UK documented a total of £30.1 The country plans to work with trading partners which will help them achieve green fish sourcing goals such as Aquaculture applications to ensure a viable global fishing import and export regulation. The second was medicinal and pharmaceutical products. billion in export goods and £54.6

Export 210

Export Import Sustainability Negotiation 210