SCMDOJO

MARCH 24, 2025

By using PPV, managers can identify inefficiencies in cost-saving strategies by detecting cost overruns and underruns, allowing them to take corrective actions. During the planning phase, managers do not have an exact estimate of the costs they will incur for purchasing. It helps determine the accuracy of supplier pricing.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Jaggaer

FEBRUARY 28, 2025

The most recent Hackett Group Report highlights key priorities reshaping procurement in 2025, including technology adoption, the rise of Generative AI, and managing emerging risks. However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Insights

APRIL 2, 2025

AdaptOne Overview: A supplier management platform focused on diversity, risk, and compliance, often integrated with S2P suites like Coupa or SAP Ariba. Risk Mitigation: Real-time supplier risk scoring (e.g., Chevron Fit: Strong for cost management and tech adoption, with $5M-$15M savings potential.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement solutions Supply Chain Efficiency Procurement 52

Una

AUGUST 17, 2022

This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. You’ll hear from industry experts who have been there, done that, and can share best practices for managing tail spend. Let’s dive in. Next is the tail. What is tail spend?

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Procurement Express

DECEMBER 31, 2024

Procurement managers are pros when it comes to negotiating deals down to the penny, working closely with suppliers to secure terms that place them at a strategic advantage. In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. This intelligence empowers decision-makers to proactively adapt their sourcing strategies, ensuring resilience and agility in the face of market fluctuations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

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

Planergy

MARCH 10, 2025

Modern Spend Management and Accounts Payable software. How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Managing data effectively is at the heart of every successful educational organization.

Data 52

Data Management Budget Real-time Visibility 52

Procurement Insights

JANUARY 3, 2025

Key metrics were tied to cost reduction and spend under management. Minimal Strategic Involvement : Procurement was often siloed, with limited involvement in broader corporate strategies. Collaboration with finance was transactional rather than strategic. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

Supply Chain Game Changer

AUGUST 24, 2021

Leveraging relevant technology in the supply chain from the moment your suppliers bring in raw materials, during storage of the materials and manufactured products in the warehouse, and distribution of products to the final consumer can increase efficiency, boost production, reduce time wastage and improve business revenues.

Supply Chain Optimization 119

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 119

Procurement Insights

FEBRUARY 20, 2025

SAP Ariba : A leading procurement software company, SAP Ariba offers a comprehensive suite of solutions for supplier management, strategic sourcing, procurement, and financial supply chain management.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

ivalua

MARCH 15, 2016

The first one I attended was a topic on supply base management. He said he had seen it all in supply base management and had experienced the feeling of victory leaving plenty of blood on the floor in negotiating with suppliers in his day. He talked about how that experience with power was a real high at times.

Real-time Visibility 100

Real-time Visibility Supply Chain Efficiency Suppliers Collaboration 100

Procurement Insights

APRIL 1, 2025

Unlike end-to-end Source-to-Pay (S2P) platforms (e.g., sourcing, supplier management, invoicing). AdaptOne for supplier onboarding, GEP for strategic sourcing) rather than purchasing a comprehensive S2P suite with unused features (e.g., Below, Ill explain how this works and its impact.

e2e 52

e2e Real-time Visibility Sourcing Strategic sourcing 52

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. Money buys less than before How should procurement manage inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Planergy

DECEMBER 25, 2023

Modern Spend Management and Accounts Payable software. How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Thanks to AI and other tools, you can now make better decisions with real-time data.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

Una

AUGUST 30, 2022

Modern sourcing experts are more likely to point to Cloud-based , end-to-end procurement platforms, while those on the leading edge will list all sorts of disruptive technologies ranging from predictive AI to machine-learning enabled chatbots, IoT wearables, and more. How to Improve Strategic Supplier Relationship Management.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Procurement Leaders

JUNE 1, 2022

Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. Procurement was then able to embark on the main bulk of its transformation, including implementing new teams, transitioning other functions’ spend to procurement and implementing a category management structure.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Planergy

MARCH 24, 2025

Modern Spend Management and Accounts Payable software. How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's PLANERGY? How to report and analyze indirect spend to identify savings opportunities.

Sustainability 52

Sustainability Real-time Visibility Spend management Innovation 52

Spend Matters

JUNE 20, 2023

This content does not express the views or opinions of Spend Matters In our previous installment on Spend Matters, we discussed the rapid evolution of Supply Chain Risk Management happening within procurement organizations. But what is procurement’s role in managing something as technologically complex as cyber risk across the supply chain?

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

Procurement Insights

APRIL 3, 2025

Global Reach, Real Impact Participants and speakers come from over 50 countries. Thought Leadership Consistently pushes the conversation forward from autonomous sourcing to orchestration platforms. Thought Leadership Consistently pushes the conversation forward from autonomous sourcing to orchestration platforms.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Supply Chain Game Changer

NOVEMBER 16, 2022

The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. Along with cost savings, procurement managers are focusing on optimizing and automating processes. Management can review orders in real-time and spend time on exceptions raised by the system.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Jaggaer

JULY 7, 2020

“What’s really beneficial is that we get instant insight into actual versus planned across all of our contracts, is our spend with a particular carrier a lot more or a lot less?” – Srestha Dutta, Global Process & Technology Senior Manager. These should provide end users with visibility across their assigned scope. Profile. $

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

Planergy

SEPTEMBER 5, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important?

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Procurement Software

MAY 16, 2023

Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right change management and procurement talent in place. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Planergy

MAY 30, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we will discuss some of the basics of travel and expense management and some best practices to make your life a little bit easier.

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 52

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. No clear understanding of the extent of maverick spend – i.e. the % of total spend which is not being managed by a procurement professional. Saving just 2.5% Poor data is usually the culprit.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. No clear understanding of the extent of maverick spend – i.e. the % of total spend which is not being managed by a procurement professional. Saving just 2.5% Poor data is usually the culprit.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Jaggaer

SEPTEMBER 22, 2020

Using real-time data and analytics will give you the insight you need you to save money and gain efficiency. Spend analysis is a branch of the much larger field of spend management. It is used to visualize all of your data so you can make better sourcing and supplier decisions.

Real-time Visibility 52

Real-time Visibility Strategic sourcing Strategic sourcing Data 52

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. There are two types of external catalogs – vendor self-managed and punch-out catalogs.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52