Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

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supply chain software solutions Suppliers Management Purchase orders 134

Jaggaer

DECEMBER 5, 2024

A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority. The Visibility Challenge: Why Seeing Clearly Matters A major insight from the report is the visibility gap, particularly with tier 2 and tier 3 suppliers.

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Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 52

Jaggaer

FEBRUARY 20, 2025

Everything You Need to Know End-to-end process and end-to-end solution may be one of the most overworked phrases in business and IT. The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods. What is Source to Pay (S2P)?

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Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Insights

MARCH 25, 2025

PME is not only an opportunity to warm up the market but also ensuring that any issued RFP can be met, specifications and conditions are fit for purpose and the opportunity to add innovation into the procurement and Contract and Supplier management process.” Here’s how: 1. HACCP, FSMA, GFSI).

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Procurement Tactics

DECEMBER 7, 2022

It optimizes the cash flow that enables the business to lengthen its payment terms to its suppliers while providing an option for when a supplier will be paid. While suppliers can gain quick access to money the buyer owes them, the latter can get more time to pay their balances. Ultimate Supplier Plotting Checklist 2022.

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Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking: Why is it Important? It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates.

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Procurement Tactics

MAY 22, 2023

It also requires close collaboration and coordination among all the stakeholders in the supply chain, including suppliers, manufacturers, distributors, and retailers. Why is it important? It is important as it enables organizations to respond quickly and accurately to changes in the market and customer demand.

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

ivalua

OCTOBER 29, 2019

Suppliers need bidding and contract transparency. It is one thing to make tenders public, and another to offer suppliers visibility into the end-to-end bid management process and final award decisions. The public needs spend and supplier selection transparency.

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Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. These begin with enhanced visibility.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Jaggaer

FEBRUARY 5, 2025

A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

ivalua

APRIL 6, 2021

Contract lifecycle management is the management of a company’s end-to-end contracting process with its suppliers, customers and other third parties. Effective contract management is important to the success of a business and contract lifecycle management software enables digitization and automation of this critical process.

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ivalua

OCTOBER 6, 2021

Beeline Extended Workforce Platform will interact with Ivalua’s comprehensive spend management platform, enabling clients to acquire talent, manage contingent labor, and optimize their external workforce seamlessly from a complete source-to-pay platform which enables the management of all suppliers and spend categories.

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Procurement Tactics

JUNE 8, 2023

We will tell you the importance and some of the most common methods used in inventory management. Why is it Important? Keeping track of inventory is an important part of running a business. One reason why inventory management is so important is that it helps ensure that there are enough products available for customers to buy.

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ivalua

MAY 19, 2022

But why is this so important for business, and what does it mean for prospects and customers? How important is this partnership to both Ivalua & TransferMate? This allows for part-payments, quality or milestone-based contract terms, even payment on receipt to be visible to the supplier, finance, treasury, and the buyers.

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ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Many large organizations implement a Procure to Pay platform with the aim to deliver efficiency, visibility, simplicity, and compliance.

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ivalua

OCTOBER 29, 2019

They also want transparency, but in their case, it is visibility into new bids, the state of existing bids, awards, and payment status. All systems must make it possible to track and report on what is being done with funds so that taxpayers have sufficient understanding and trust the decisions being made. Frankly, they are struggling.

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Procurement Insights

APRIL 4, 2025

Prompted by a question I had received from one of my readers regarding the impact of an M&A on procurement, and in particular the departments relationship with suppliers, I thought that I would share the following with you. The lack of end-to-end connectivity delayed efforts to streamline operations across its growing portfolio.

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Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization e2e 59

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

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ivalua

JUNE 27, 2022

With new accelerated payment capabilities, users can more readily capture supplier discounts, support growth, and strengthen the supply chain. . Why is this new C2FO partnership important? C2FO: Buyers on the Ivalua platform can pay their suppliers early and proactively set goals for return on their cash. It Pays to Partner!

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Procurement Tactics

AUGUST 23, 2022

We will also discuss its importance and the stages of the contract management process. Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . What is Contract Management?

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Spend Matters

AUGUST 28, 2023

At the same time, the importance and criticality of services spend for organizations hasn’t shrunk (on the contrary …) nor the need to address typical challenges and hurdles inherent to complex service categories: inefficient processes, lack of control and low spend visibility.

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ivalua

JANUARY 27, 2021

3 Top Digital Transformation Blockers: Although 86% of AP professionals served by Hackett Group say digital transformation of the Purchase-to-Pay (P2P) process is of “critical” or “major” importance, few have been successful in making it happen. They also have a highly automated supplier onboarding process.

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e2e Real-time Visibility Suppliers Supply Chain Optimization 26

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved? Tactical Versus Strategic Sourcing.

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Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Supply Chain Game Changer

NOVEMBER 13, 2018

So why is it that the Supply Chain in so many companies is being run without the end to end visibility needed to even function, yet which we have in our personal lives? In this age of exponential growth in digital connectivity the time has come to ensure you have End to End Supply Chain visibility.

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Spend Matters

APRIL 4, 2024

The technology opens up a wealth of capabilities not previously possible for the procurement practitioner in terms of data availability, end-to-end visibility, cost, time and risk reduction, and ultimately the overall health of the third-party network. when things start to become a risk) is very important.

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ivalua

MAY 15, 2022

To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. One of the most important aspects of a business’ success is making the right purchasing decisions. One Tool, Many Challenges.

e2e 130

e2e Procurement supply chain budgeting Purchasing 130

ivalua

MAY 15, 2022

To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. One of the most important aspects of a business’ success is making the right purchasing decisions. One Tool, Many Challenges.

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e2e Procurement supply chain budgeting Purchasing 130

Procurement Tactics

AUGUST 19, 2022

You will also know how important vendor management is for the organization to manage its suppliers. . For starters, vendor management is used to describe the processes used to manage their suppliers or vendors. . This is important so that you will know if the vendors meet your standards. . What is Vendor Management?

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Procurement Leaders

JUNE 13, 2022

It is the largest infrastructure project in Europe and the most important economic and social regeneration project in decades. Securing this level of visibility in the construction sector is challenging for several reasons: Much of the work on HS2 is broken into stand-alone projects made up of unique combinations of contractors and suppliers.

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ivalua

OCTOBER 29, 2019

Enormous, complex, global enterprises use procurement technology to manage their spend, suppliers, contracts and bids every day without seeming to run into the same stumbling blocks as the public sector, which operates on a smaller and more localized basis.

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Supply Chain Opz

NOVEMBER 9, 2014

The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network. Keep it Simple : It’s important to not over complicate things.

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Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Supply Chain Game Changer

APRIL 26, 2021

Common Mistakes in Importing and Exporting! Food importing and exporting article and permission to publish here provided by Emma Wilson. More business people shift their focus to the food commodity import and export. How do you establish your brand in the highly competitive food importing and exporting marketplace?

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Spend Matters

FEBRUARY 13, 2023

Also, the performance of the fulfillment process is a critical input to the continuous optimization of the supply/supplier base. Therefore, creating a digital twin of a supply chain to identify, mitigate and monitor risks at all times is of ever-increasing importance for organizations that want to risk-adjust their supply chain.

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Spend Matters

OCTOBER 1, 2024

During the week of September 9th, I attended the Basware Premier Event in Memphis — a fantastic gathering that delved into several key topics, including touchless invoice processing to accelerate workflows, the importance of ROI assessments and how AI can enhance AP outcomes. Thanks for having me!

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Supply Chain Game Changer

AUGUST 3, 2021

The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. Suddenly Supply Chain and its importance was on the minds of political and business leaders, and the common person, everywhere around the world. Does that mean that the importance and value of Supply Chain is at a crossroads?

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ivalua

NOVEMBER 25, 2020

Procurement’s value became evident, as did the importance of the supplier relationships they had built. As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. . You can download Gartner’s full report here.

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Una

AUGUST 30, 2022

A recent paper from Deloitte has helpfully categorized digital procurement into three areas: automated P2P (Procure-to-Pay), proactive SRM (Supplier Relationship Management), and predictive S2C (Source to Contract). How to Improve Strategic Supplier Relationship Management. Digital procurement game-changers. Better customer service.

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