Procurement Insights

MARCH 23, 2025

The analysis covers key indirect spending categories including MRO, office supplies, facilities management, IT services, professional services, utilities, logistics, corporate travel, HR benefits, temporary labor, and outsourcing. Facilities Management: 10% ($7.5 5% Facilities Management $7.5 utilities).

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

Jaggaer

MARCH 20, 2025

In such an unpredictable environment, procurement leaders are advised to take a risk-management approach, focusing on cost efficiency, contract flexibility, and strategic supplier relationships to ensure institutional resilience. These could be amended, scrapped or introduced by current and future administrations.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Check out Why don’t you have a TMS (Transportation Management System) Solution yet? Yet it is managed by one or two people, with no support, and no visibility from upper management. Aside from the cost impact the service implications of a poor Freight management system are enormous. Freight and Logistics.

Strategy 68

Strategy Management Real-time Visibility e2e 68

Una

OCTOBER 25, 2022

In recent years, however, many teams have managed to successfully shake off this long-outdated reputation. There are several benefits associated with supplier consolidation. Reducing suppliers also helps mitigate risk throughout the supply chain. Business Spend Management | Amplify Savings in Top Categories.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Supply Chain Game Changer

JUNE 30, 2022

A supply chain is made up of an interconnected network of suppliers that all function together to deliver products or services to customers efficiently. For a supply chain to run smoothly it needs to be well managed under the right strategy for your business objectives. Consolidation. Demand Planning. Visibility.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 78

Una

JULY 26, 2022

In turn, this opens the door to huge cost savings through the identification and management of maverick spend , supplier consolidation, and the ability to spot patterns and extract insights that will lead to better purchasing decisions. Benefits of Cloud-Based Supply Chain Management. Eroding value from IT spend.

supply chain software solutions 98

supply chain software solutions Supplier consolidation Purchasing Contract 98

Empowering CPO

JUNE 27, 2023

This transformative practice enables organizations to delve deep into their purchasing data, gaining invaluable insights that can revolutionize their supplier relationship management (SRM) strategies. Risk Mitigation: Spend analysis enables organizations to proactively identify and mitigate supplier-related risks.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Procurement Heads

JUNE 28, 2022

Highly efficacious procurement and commercial risk management have never been more critical than it is currently. Murray Ambler-Shattock – Strategic Operations, Research, Development and Innovation Manager, KM Holdings Group. Tom Mills – Head of Procurement, Bibby Financial Services.

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Una

FEBRUARY 18, 2025

When was the last time you took a good, hard look at your category management strategy? Why Category Management Matters First, let's acknowledge theres much more to effective category management than cutting costs. Each category represents a unique opportunity for growth, innovation, and risk management.

Category management 40

Category management Strategy Management Procurement team 40

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. What is tail spend?

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

TYA Suite

AUGUST 6, 2024

At its core, procurement involves building and maintaining robust relationships with suppliers to ensure a seamless flow of operations. This is where supplier relationship management (SRM) plays a pivotal role. The essence of SRM lies in recognizing the interdependence between an organization and its suppliers.

Supplier relationship management 40

Supplier relationship management Suppliers Import Management 40

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. Through detailed analysis of procurement processes, expenditures, and supplier negotiations, organizations can identify opportunities for cost reduction. Download Free Purchase Order (PO) Report 2.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Skill Dynamics

JULY 19, 2024

The Foundation of a Successful Procurement Strategy To put it simply, a procurement strategy is a plan that outlines how an organization optimizes its external spending, manages its various supplier relationships, and maintains streamlined internal processes to support cost-effectiveness and generate efficiency.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

Empowering CPO

JUNE 20, 2023

This blog post explores the pivotal role of Spend Analysis within the realm of Supply Chain Management, an area that can greatly benefit from the insights it provides. When applied to Supply Chain Management, Spend Analysis serves as an invaluable tool.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40

Jaggaer

OCTOBER 24, 2024

It’s vital to ensure that you have the tools and technology needed to optimize your consolidated purchasing power across various centers. Consolidating Suppliers: A Pathway to Cost Reduction Supplier consolidation is another avenue procurement leaders often explore to reduce costs.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

NLPA (Next Level Purchasing Association)

MAY 8, 2024

By examining past purchases, spend analysis helps identify high spending areas, categorize suppliers, and uncover hidden costs. This data can then be used to negotiate better deals with suppliers, consolidate purchases, and streamline procurement processes. While valuable, past trends can’t always predict the future.

Real-time Visibility 52

Real-time Visibility Supplier consolidation Suppliers supply chain software solutions 52

Empowering CPO

JUNE 26, 2023

Benefits of Implementing Spend Analysis in Healthcare : Discover the advantages of adopting spend analysis, including cost reduction opportunities, savings potential identification, and improved supplier management. Understanding the Healthcare Landscape A.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

HICX

JULY 13, 2023

Supplier Central: How to enable supplier collaboration Mondelez recognized several pain points with their supplier management processes that they wished to address. As Stephane puts it, “The process to manage our supplier before was very slow. To make sure we are able to manage the supplier in one place.” 

Suppliers 52

Suppliers Procurement Collaboration Procurement team 52

Empowering CPO

JUNE 20, 2023

Understanding these terms is fundamental to unravelling the intricacies of spend management and leveraging the full potential of spend analysis. Spend analysis plays a crucial role in managing direct spend. Managing and analyzing indirect spend presents its own set of unique challenges. Office supplies, utilities, IT services.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Spend management 40

Supply Chain Game Changer

JANUARY 9, 2019

A well-done spend profile will reveal things like the amount of money your organization spends on each category of goods and services it purchases, the amount of money spent with each supplier, changes in spend over time, and other valuable information. How do you define cost savings in a way that will be embraced by Executive management?

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

Empowering CPO

JUNE 22, 2023

Spend Analysis, in essence, is a method for scrutinizing and managing corporate expenses. Data Analysis: The final stage involves analyzing the categorized data to identify opportunities for cost reduction, supplier consolidation, procurement process improvements, and compliance issues. But our work doesn’t stop there.

Sustainability 52

Sustainability Procurement Supplier consolidation Supply Chain Efficiency 52

Procurement Software

MAY 30, 2023

However, there has been a trend happening over the last 10 or so years to incorporate more indirect spend under the management of corporate procurement teams. Direct procurement teams tend to actively manage the supply base as a first point of contact. What percentage of your indirect spend is under management ?

Procurement 52

Procurement Procurement team Purchase orders Contract 52

Una

FEBRUARY 22, 2023

These types of quick wins – or what’s considered “low-hanging fruit” in procurement – may include: Review purchasing requirements Establishing a “no PO, no pay” policy Getting maverick spend under control Creation of procurement policies and toolkits Spend analysis Review supplier master agreements Consolidate suppliers Consolidate deliveries Create (..)

Strategy 52

Strategy Purchasing Supply Chain Efficiency Supplier consolidation 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

Supply Chain Game Changer

JANUARY 30, 2019

Managing the performance of your Procurement activities is a good way to work towards goals in a methodical and strategic fashion. Reaching goals is best done when there is a clear indication, and management, of key performance parameters. Success is a product of the work done in the present. Customer Satisfaction.

Procurement team 56

Procurement team Procurement Sustainability Suppliers 56

Planergy

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s an important part of any organization’s financial management, as it helps identify wasteful spending and uncover potential savings. This can make it difficult to track and manage.

supply chain budgeting 52

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

Empowering CPO

JUNE 20, 2023

By bringing this ‘long tail’ under management, companies can reduce maverick spending, negotiate better terms with suppliers, and ultimately unlock remarkable savings. Moreover, tail spend analysis can contribute to better risk management, improved compliance, and increased operational efficiency.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It has been applied to various topics such as economics, business management, quality control, and mathematics. How to gain visibility and control of your indirect spend. Let’s take a closer look at how this works.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JUNE 27, 2023

The same holds true for procurement professionals striving to navigate the complexities of expenditure management without proper spend analysis. Supplier Relationship Management: Understanding spending patterns within different categories helps identify the key suppliers and their performance.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

World of Procurement blog

MAY 10, 2024

Monitoring supplier relationships : AI can track supplier performance metrics, analyze contract terms for risks, and identify opportunities to improve supplier relationships. Enhancing contract management : Natural language processing enables AI to extract key data from contracts.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

TYA Suite

OCTOBER 6, 2024

This blog explores procurement KPIs in great detail, including the importance of those key metrics, and how to implement procurement performance management into action. The Importance of Procurement KPIs in Performance Management Purchasing KPIs play a vital role in procurement performance management.

Procurement 40

Procurement Purchase orders supply chain budgeting Procurement team 40

The Procuretech Podcast

OCTOBER 5, 2021

Managing this through traditional channels - i.e. ERP systems - is a cumbersome process for both the procurement professional who has to manage it, and the stakeholder who just wants a simple, user-friendly interface to be able to buy something. Deloitte's 2021 CPO Survey points towards more effective management of tactical spend.

Competitive bidding 40

Competitive bidding Bidding Buyers Procurement 40

Empowering CPO

JUNE 20, 2023

Introduction In the dynamic world of procurement and supply chain management, understanding your organization’s spending habits isn’t just an administrative duty—it’s a strategic necessity. It can help identify patterns of maverick spend, areas of unmanaged spend, and potential supplier consolidation opportunities.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Supply Chain Efficiency Data 40

Empowering CPO

JUNE 21, 2023

The importance of spend analysis in procurement and financial management cannot be overstated. It enables businesses to track and manage their expenses more effectively, identify trends in spending, and uncover opportunities for strategic sourcing and vendor negotiation. Adjust the column widths as needed to accommodate your data.

Purchase orders 52

Purchase orders Data Purchasing Suppliers 52

Empowering CPO

JUNE 25, 2023

In the realm of procurement and supply chain management, one tool stands out as a game-changer — Spend Analysis. In essence, Spend Analysis is the compass that guides an organization’s procurement strategy, leading it towards informed decisions, cost savings, and improved supplier relationships.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility Data 52

Empowering CPO

JUNE 16, 2023

As we delve deeper into this topic, we will explore the complexities and nuances of spend analysis, and how it acts as a lynchpin in effective procurement management. This understanding allows businesses to identify opportunities for cost savings, improve supplier management, mitigate risks, and make informed, data-driven decisions.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

The Procuretech Podcast

OCTOBER 19, 2021

On the one hand, Procurement is a fairly mature function and there are some world class companies, procurement functions and well-managed processes. By utilising a digital tool to bring all of this data and spend into one user-friendly interface, it also enables more spend to be managed which would otherwise have gone under the radar.

Procurement 40

Procurement Negotiation Sourcing Procurement team 40