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.

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Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility.

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ivalua

DECEMBER 18, 2019

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Risk management. Why Supplier Buy-in for Data Management is Critical.

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ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. Help staff sell procurement’s value during recovery.

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Spend Matters

MAY 21, 2024

Spend Matters chose Intake and Orchestration as its main research theme for this quarter because we believe it is the fastest-growing procurement tech market segment today. If you’d like to understand more about what intake management and orchestration mean for procurement, read our Guide to Intake and Orchestration.

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Spend Matters

AUGUST 28, 2023

In this Spend Matters Vendor Analysis Update, we give an updated overview of Zivio, a solution that helps organizations (buying organizations and MSPs) manage sourcing for complex services categories, such as legal, marketing or facilities management.

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Jaggaer

OCTOBER 24, 2024

Supplier Collaboration vs. Supplier Relationship Management What good is having the best suppliers if you can’t communicate well enough to leverage their products and skills? The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain.

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World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. Enhancing contract management : Natural language processing enables AI to extract key data from contracts. This maximizes value from sourcing partnerships.

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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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Spend Matters

JUNE 21, 2024

Intake and orchestration (I&O) solutions can transform initial customer requests and subsequent interactions for just about any business into streamlined, end-to-end, secure and transparent engagements. ” — Xavier Olivera, Lead Analyst, Downstream Procurement.

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IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies.

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Procurement Tactics

JUNE 28, 2023

By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

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ivalua

JUNE 27, 2022

Once an organization has the complete Strategic Payment cycle in place CFOs can use the end-to-end visibility to control bottom-line growth with targeted programs. . The data from the C2FO working capital marketplace cycles back into the Ivalua platform and adds more vendor management and risk intelligence.

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Supply Chain Game Changer

OCTOBER 28, 2021

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1.

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Spend Matters

OCTOBER 26, 2023

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. akirolabs is a category strategy management solution that aims to support procurement’s transformation from being a purely tactical function to an orchestrator of value. What is akirolabs?

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Una

JULY 28, 2022

This is particularly true in terms of the procurement function. Is your procurement team territorial? Does your procurement team behave like a snapping saltwater crocodile? IT managers can be territorial, too. Partnering with the sustainability team. Take carbon emissions, for example.

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Spend Matters

SEPTEMBER 14, 2023

We have also seen a need for change in category management, which was also ranked among the top drivers of digital transformation in procurement. Additionally, nearly a third view category management as the top technological trend to implement in the coming year.

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Procurement Leaders

JUNE 13, 2022

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. Leverage collaborative procurement opportunities. Develop the supply chain.

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Supply Chain Game Changer

JULY 16, 2019

Shortly after I joined the Commodity/Category Management Procurement organization I was invited to attend the annual Strategic Supplier Awards event. Prior to joining the Procurement team I had neither understood nor appreciated the importance of Supplier Relationship management. Subscribe Here! Email Address.

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Pipefy

FEBRUARY 3, 2023

Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases. Build a better invoice processing workflow with The Definitive Guide to Workflow Management Download now What is automated invoice processing?

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Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. We normally now refer to the first step as spend management and we use spend analytics technology to aggregate and explore spend data.

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Spend Matters

JUNE 24, 2024

When you’re looking at intake and orchestration, a solution needs baseline coverage over, at minimum, the following: Request creation and intake management : How does the system facilitate dynamic collection and handling of procurement requests — e.g., new purchases, vendor on/offboarding, new contract requests?

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World of Procurement blog

MAY 20, 2024

Contract lifecycle management (CLM) software has become an invaluable tool for procurement teams looking to optimize their contracting processes. A dedicated CLM platform provides the automation, control, and analytics procurement teams need to maximize the value of contracts while minimizing risk.

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World of Procurement blog

JANUARY 12, 2022

Over Christmas, I started thinking about the top Contract Management trends for 2022. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues. Contract Lifecycle Management and Legal Tech solutions are getting better by the second.

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Supply Chain Game Changer

MARCH 28, 2020

The Procurement Value Chain Continuum. If your Procurement organization is doing so much more than just getting the lowest cost and processing purchase orders if no one else knows about all of this extra value then it doesn’t much matter. Procurement 101. Advanced Procurement. Strategic Procurement.

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Value Match

JULY 21, 2022

Bid Management. Procurement Best Practice. Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. Responsible Organisational Management. The Cabinet Office recently published a new policy paper entitled “ Transforming Public Procurement – our transparency ambition ”. Categories.

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Pipefy

JANUARY 4, 2023

But the inherent complexity of the procurement process means that it’s also prone to inefficiencies, errors, and broken handoffs. That makes procurement automation more important than ever. Escalating supply-chain volatility and inflation put pressure on procurement teams to “do more with less.” Containing costs.

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Procurement Software

MAY 16, 2023

SMEs are unlikely to see an ROI on procurement software unless it’s a lower-priced software with relatively basic functionality. Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right change management and procurement talent in place.

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Pipefy

JANUARY 30, 2024

Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and remain competitive.

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Pipefy

OCTOBER 25, 2023

From reducing waste and containing costs to mitigating risks such as procurement fraud and inflated expenses, procurement’s insights and expertise can help businesses navigate some of their most pressing challenges. This means bringing the right people — including procurement — to the strategy table.

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Arkestro

DECEMBER 12, 2022

What Are the Biggest Procurement Challenges in Health and Pharma? Beyond procurement teams working within the constraints of profit and cost savings, lives are at stake. Supply Chain Visibility. Supply chain visibility is another critical issue. Managing Supplier Relationships. Managing risk.

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Pipefy

OCTOBER 24, 2023

This gives teams more visibility and control by providing a central hub for all purchases, payments, and other information. Better visibility improves alignment between buyers, legal teams, and accounts payable. Pipefy also makes it easy for procurement teams to standardize and structure their processes and workflows.

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Pipefy

JANUARY 31, 2023

Procurement risks occur as a result of unreliable purchasing and P2P processes. These processes become unreliable when inefficiencies are not planned for, not identified and dealt with properly and in a timely manner, or when risk assessment and management protocols fail.

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Pipefy

JANUARY 5, 2023

That’s because manual procurement processes tend to be inefficient, fragmented, and error-prone. Fortunately for procurement teams, the shift from manual to digital procurement has never been easier or more cost-effective. Build better procurement processes with the Definitive Guide to Workflow Management Download now.

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Pipefy

MAY 23, 2023

Build better procure-to-pay processes with the Definitive Guide to P2P Optimization Download now Procurement automation opportunities Purchase requisitions An employee sees a need, creates a purchase requisition to obtain those goods or services, and circulates that requisition through multiple levels of personnel for approval.

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Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

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Pipefy

FEBRUARY 13, 2023

Build better workflows with the Definitive Guide to Workflow Management Download now What is the source-to-pay process? Source-to-pay (also known as S2P) is a process within procurement that encompasses activities associated with business and supplier interactions. At this point, the procurement team now takes control of the process.

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