Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Spend Matters

OCTOBER 29, 2024

These lists mark the 11 th year in which Spend Matters highlights the best in procurement technology development and innovation. ET, the Spend Matters Analyst Team will celebrate Halloween by treating all to a webinar that shares the insights they have derived while compiling this year’s 50 to Watch, 50 to Know and Future 5 lists.

supply chain software solutions 114

supply chain software solutions Supply chain Procurement Innovation 114

Spend Matters

MAY 3, 2023

Categories: Innovation , Procurement Systems & Architecture , Purchasing and Sourcing Tags: Podcast Recently Jason Busch, the founder and CEO of Spend Matters, arrived in London from Chicago to attend this year’s Amazon Business Exchange (ABX). Read about their conversation here. Read more. )

Innovation 96

Innovation Procurement solutions Purchasing Sourcing 96

Procurement Tactics

AUGUST 25, 2022

Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Thereby making him the world’s most sought-after purchasing and supply chain management author, speaker, consultant, and trainer. He is known as “the secret weapon of fortune 500 chief purchasing officers”. .

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

ivalua

MAY 31, 2022

Conversely, some Procurement departments have discovered that non-strategic suppliers, or even tier two suppliers, offer them innovative solutions to alleviate the shortage. Learn to manage and control your suppliers to improve your purchasing efficiency and expand your supplier base. . Learning from Supplier Relationships.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

ivalua

MARCH 18, 2021

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

ivalua

JULY 11, 2022

The release includes a broad set of innovations to empower Procurement and Supply Chain leaders to improve collaboration among internal stakeholders and suppliers, proactively mitigate supplier risk and performance issues, gain efficiency and visibility in contracting and improve guidance and effectiveness across procure-to-pay. . ivalua.com.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Spend Matters

FEBRUARY 26, 2025

With limited funding, labor shortages and rapid technological advancements, public sector organizations must find innovative ways to maintain or even improve service quality with fewer resources. Intelligent Solicitation Builder: A guided automated tool that uses historical purchase data and business rules for solicitation creation.

Procurement 116

Procurement Bidding Contract management Data 116

ivalua

MARCH 16, 2020

For Körber’s supply chain management community, quality, innovative strength, legal certainty, adherence to delivery dates and the sustainability of suppliers and service providers play a decisive role – as does cost. Körber’s purchasing and supply chain management organisation is responsible for all procurement processes.

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Spend Matters

OCTOBER 31, 2024

To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative application of technology. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , ivoflow, Covalyze, Halo Ai and True Value Hub.

Buyers 114

Buyers Raw materials Networking Suppliers 114

ivalua

MAY 30, 2023

By ensuring that the right goods and services are purchased at the right price and delivered on time, procurement can help to ensure that a company or organization achieves its goals. With more resources at their disposal, local talents can create innovative solutions that can further transform the regional economy.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Spend Matters

DECEMBER 11, 2024

Organizations must ensure efficient sourcing and tariff management that support their time-to-market, pricing and innovation goals to gain an advantage in the global market.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. Open Tenders As we said earlier, open tender is a common type of tender that aims to purchase goods or services at the lowest possible price. So without further ado, let us now start!

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Spend Matters

SEPTEMBER 4, 2024

BlueBean’s unique ‘request-to-pay’ solution removes the need for supplier portals, purchase orders, invoices and expense claims. It integrates automated accounting and virtual card payments for procurement and expense management, offering a solution that aims to simplify financial controls.

Purchase orders 122

Purchase orders Procurement Market analysis Purchasing 122

Procurement Templates

NOVEMBER 21, 2024

Develop Long-term Relationships: Establish partnerships with key suppliers to foster trust and innovation. Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. Resources: Online courses on strategic sourcing (e.g., Coursera, LinkedIn Learning).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Procurement Tactics

APRIL 5, 2023

As sustainability is a growing focus in the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. As a result, it future-proofs the company’s sustainable purchases and investments by integrating sustainable policies.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

SCMDOJO

MARCH 14, 2025

Additionally, this shift is indicative of a broader trend towards responsible purchasing, aligning government contracts with societal values and aspirations. Encouraging early engagement by policy with commercial teams – this is key to delivering innovation and getting the most from the market.

Procurement 90

Procurement Bidding Competitive bidding Contract 90

Procurement Tactics

APRIL 19, 2023

Ultimately, sustainable goals are what drive the procurement process to keep innovating and improving. Thus, you can ensure that all the goods and services that you will purchase will have no negative effect on the environment and the surrounding communities. Thus, you will be able to keep up with the fluctuations in your supply chain.

Sustainability 165

Sustainability Procurement Supply Chain Efficiency supply chain budgeting 165

Positive Purchasing

JANUARY 20, 2025

In this new era, collaboration in procurement has become critical for achieving efficiency and innovation. This period of intense collaboration demonstrated the potential of digital tools and technologies in driving procurement innovation. Continuously review and focus on key areas of innovation.

Collaboration 52

Collaboration Procurement Procurement team Innovation 52

ivalua

APRIL 28, 2023

Ivalua Spend Management Insights [ivory-search] Payment Cards FAQ: More Cash Rewards, Less Effort April 28, 2023 | | Innovation by Steve Carter Unlock your Payment Solution Organizations are rethinking their traditional payment methods as they seek to maximize savings while securely streamlining the invoicing process.

Innovation 130

Innovation Purchasing supply chain budgeting Contract 130

Spend Matters

OCTOBER 31, 2024

Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Procurement Insights

JANUARY 3, 2025

Shift Toward Value Creation : CFOs increasingly view procurement as a driver of enterprise-wide value , contributing to innovation, supplier collaboration, and strategic goals. Procurement is no longer judged solely on cost savings but also on metrics like risk mitigation, supplier diversity, and innovation impact.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Tactics

NOVEMBER 27, 2022

We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. What is Green Purchasing? Additionally, green purchasing considers the circular economy. What is green purchasing? Many companies are now starting to implement green procurement in their operations.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Procurement Tactics

APRIL 17, 2023

As sustainability is a growing focus in many industries around the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. As a result, it future-proofs the company’s sustainable purchases and investments by integrating sustainable policies.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

ProcurePort

OCTOBER 11, 2023

In times of economic uncertainty, businesses are often forced to find innovative ways to cut costs and improve their bottom line. One such method gaining popularity is the use of reverse auctions.

Procurement strategies 130

Procurement strategies Buyers Innovation Purchasing 130

Planergy

FEBRUARY 24, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Procurement in education is far more than simple purchasing. These purchases directly impact student learning and institutional performance. Strategic Procurement Strategic procurement goes beyond transactional purchasing.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Leaders

MARCH 24, 2025

Ryan Verbecken, CPO at US grocery giant Kroger, shared the story of the Retail Procurement Alliance (RPA) a group purchasing organisation formed by Kroger and Walgreens. Have you reignited your supplier-enabled innovation programme? Are you doing enough to drive additional value? Do you have your equivalent of the Kroger RPA example?

Collaboration 130

Collaboration Innovation Suppliers Procurement 130

ivalua

MARCH 3, 2020

Innovation labs and incubators have multiplied in major corporations to try to find the next startup that will rejuvenate their business models. In the last years, this approach been seen as the Holy Grail to unlocking innovation of enterprises. A fact has been striking me for a while. Why is it so?

Procurement 182

Procurement Innovation Chief Procurement Officer Collaboration 182

Procurement Insights

NOVEMBER 9, 2024

161,423 Purchasing & Global Supply Chain Professionals (PGSCP) LinkedIn Group members were asked the following question: What percentage of ProcureTech AI solution providers will no longer be in business at the end of 2025? The following poll was conducted over a two-week period Between October 25 th and November 8 th , 2024.

Innovation 52

Innovation Sustainability Purchasing Supply chain 52

Spend Matters

JANUARY 21, 2025

They streamline corporate purchasing processes by allowing companies to issue unique card numbers linked directly to their business accounts. For businesses relying on these payments, the delays can create a domino effect, forcing them to postpone purchases, delay payroll, or dip into costly credit lines. in annual revenue.

Suppliers 106

Suppliers Vendor relationships Price Purchasing 106

Spend Matters

FEBRUARY 5, 2025

Procurement has evolved from a back-office function to a strategic driver of innovation and value. The case for procurements digital transformation As mentioned, the relationship between digital enablement and procurement performance (efficiency, effectiveness, innovation) is clear.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

SCMDOJO

NOVEMBER 20, 2024

The MOQ strategy helps free up capital; however, it also helps minimize loss by reducing the amount of inventory they need to purchase at once. Strategic Implications Hinders business growth and innovation. Supports business growth and innovation by freeing up capital and resources.

Inventory 98

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

Procurement Tactics

SEPTEMBER 7, 2022

Thus, their concern about how their purchasing affects the environment is increasing. Although the trend in procurement is to find sustainable and renewable resources, innovation will have a big part in achieving sustainability goals. . Limits the negative impacts of purchasing from non-certified sources. ENROLL NOW.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

Procurement Tactics

SEPTEMBER 9, 2022

The purpose of why he created the Matrix was to help companies in maximizing supply security and reduce costs by using most of their purchasing power. Hence, the purchasing strategies you would want to use for these types of items focus on reducing administrative costs and logistical complexity. Classify purchasing portfolio.

supply chain budgeting 130

supply chain budgeting Purchasing Risk Market analysis 130

Procurement Tactics

NOVEMBER 24, 2022

Consumers are starting to take action through their purchasing decisions and other initiatives to protect the environment. Many companies look beyond cost factors to decide based on reliability, innovation, quality, and social and environmental practices. Thus, allowing you to start your way in responsible sourcing. .

Sourcing 193

Sourcing Ethics Sustainability Supply chain 193

Arkestro

DECEMBER 5, 2024

So it’s no surprise that the future of manufacturing now lies in a technology that combines all of those high-end innovations: Predictive Procurement. Arkestro allows them to quickly adapt to changing market conditions and component availability and focus on quality and innovation within their complex manufacturing processes.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

ivalua

SEPTEMBER 28, 2020

After this came the next AP Automation project, and ever so slowly, innovation just became the norm, now it’s legacy Invoice Processing. The Purchase Order has been touted as the only way to manage ‘maverick’ spend (stopping off budget expenditure), but it’s also a way to automate invoice processing.

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237