Spend Matters

FEBRUARY 13, 2025

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. The most significant impact of implementing a spend analytics solution was providing the visibility and details behind the dollars spent on various Indirect spend categories.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

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.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

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?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

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. Assessment of the supply market (who offers what?) How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Leaders

JUNE 13, 2022

Supply chain resiliency is also a critical objective for HS2, as the industry contends with challenges including commodities, hyperinflation of material prices, deficits in skilled labour and changing consumption habits. To address supply chain transparency, a new initiative, “SCM+”, was developed in the second quarter of 2021.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract Supply 130

HICX

AUGUST 4, 2022

Caption: Adam Brown, Procurement Strategy & Transformation, Maersk; Carmen Erhardt, Head of Digitalization, Henkel; Anthony Payne CMO, HICX; Ragnar Lorentzen, CCO, HICX; Nils Andersson, Senior Manager – Head of Strategic Sourcing Process, Orkla; and Aleks Hajdas PTP Program Lead, JTI share their views on Supplier Experience.

Suppliers 52

Suppliers e2e Real-time Visibility Collaboration 52

Spend Matters

AUGUST 10, 2023

One area of significant potential that is often overlooked is tail spend management. Historically, a lack of dedicated tools and/or a concentrated focus of investments on strategic spend categories have deterred procurement teams from developing effective solutions to manage the tail.

Spend management 98

Spend management Management e2e Vendor management 98