Remove Eprocurement Remove Real-time Visibility Remove Supply Chain Efficiency
article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264
article thumbnail

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. In addition, our Contract Management module helps Manufacturers to easily track milestones and consumption in real time across multiple agreements.

article thumbnail

The Benefits of Cashless Procurement Systems

NLPA (Next Level Purchasing Association)

The global supply chain is undergoing a metamorphosis. In this evolving landscape, cashless procurement systems are emerging as a powerful tool for businesses to streamline operations, enhance transparency, and gain a competitive edge. Simplified Auditing : Auditing procurement activities can be tedious and time-consuming.

article thumbnail

Who Did “AI Pick” As The Best Solution Provider For LCBO?

Procurement Insights

Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Supply Chain Visibility and Risk Management 3. Cost Management and Efficiency Optimization 5.

article thumbnail

The 25 Hottest European Procurement Startups

Procurement Software

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

article thumbnail

Supply Chain Management – the SME perspective

Claritum

However, Supply Chain Management technology is beginning to catch on with SMEs, largely because of the significant cost control benefits and the increasing emphasis on control of supply chains and the internationalisation of these supply chains. Supply chain integration ensuring smooth operations.