article thumbnail

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

ivalua

Finally, Ivalua’s eProcurement solution enables users to create purchase orders quickly and accurately while providing visibility into status updates along each step of the procurement process. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

Price 264
article thumbnail

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.

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

Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

article thumbnail

Source-to-Pay Digital Transformation: Roadmap for Efficiency and Resilience

Jaggaer

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Analytics – optimized by artificial intelligence- and automated workflows help businesses identify new sourcing opportunities, adapt to market shifts, and respond to supply chain disruptions more effectively.

article thumbnail

Do ERP-centric environments help or hurt ProcureTech solution implementation Success?

Procurement Insights

Specifically, and I quote, the vast majority of purchasing organizations are now in the software business as they attempt to adapt their practice to an application they would not have chosen to use in the first place. ” For longtime industry veterans, the above statement will resonate first-hand.

article thumbnail

What is Source to Pay? Steps, Benefits, and Best Practices

Jaggaer

Best-in-class organizations achieve excellent insight into their spending trends to act on inefficiencies and capture savings opportunities while ensuring compliance with internal, national, international regulations and minimizing the risks of supply chain disruptions. Historically this has involved a lot of manual effort.

article thumbnail

11 Best eSourcing Software for Mid-Market Companies

Procurement Software

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?