SCMDOJO

MARCH 24, 2025

This is where Purchase Price Variance (PPV) plays a crucial role and as per Emiliani, (2010), helps strategy makers evaluate spending and create well-structured cost-saving strategies. 1) Controlling Costs Purchase Price Variance (PPV) helps track spending and ensures that estimated costs align with planned costs.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Jaggaer

APRIL 3, 2025

I recently hosted a panel discussion with Elizabeth Zucker, Senior Director, Procurement Advisory North America at The Hackett Group, and Martin Adamek, Senior Manager, Procurement at TE Connectivity. This includes skills in data science and AI management. productivity gap in procurement and an 8.9% efficiency gap.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52

IBM Supply Chain Blog

APRIL 4, 2024

Business Process Management (BPM) is a systematic approach to managing and streamlining business processes. Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. Old school, pure-play price negotiations don’t work, especially in an inflationary market. The best opportunities now lie in tail spend management. 3) Vendors not actively managed.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. Old school, pure-play price negotiations don’t work, especially in an inflationary market. The best opportunities now lie in tail spend management. 3) Vendors not actively managed.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Jaggaer

OCTOBER 24, 2024

From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. Other Ways Collaboration Reduces Costs Supplier collaboration can unlock numerous opportunities for cost reduction beyond traditional price negotiations.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40