SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Spend Matters

MARCH 24, 2025

Procurement organizations often encounter challenges such as limited user adoption, increased workload for purchasing teams, fragmented procurement processes and the complexity of integrating multiple ERP systems. These obstacles can lead to inefficiencies, lack of visibility and misaligned procurement strategies.

Procurement solutions 66

Procurement solutions Real-time Visibility Procurement Market analysis 66

Spend Matters

MAY 29, 2024

It compliments SAP’s P2P process by going beyond SAP’s standard offerings and delivering advanced functionalities, such as real-time visibility into vendor-specific metrics, flexible service entry sheet submission with integrated contract support and streamlined invoice automation.

Real-time Visibility 111

Real-time Visibility Market analysis Buyers Contract 111

Una

SEPTEMBER 22, 2022

Procurement embodies purchasing across a wide range of categories. Naturally, a CIO may deem that any technology purchase falls within the realm of responsibility of the IT department as they are the true technology experts. It’s impossible to have the most current or newest application implemented at all times. Focus on data.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Procurement Insights

JANUARY 3, 2025

Digital Transformation Matures : Advanced technologies such as AI , machine learning , and automation enabled procurement to provide predictive insights , scenario planning , and real-time decision-making. CFOs valued procurement’s ability to align financial and operational goals using data analytics.

Agile and Lean Supply Chain 52

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

Future Purchasing

OCTOBER 4, 2022

The real value is spending some quality time with your stakeholders to discuss potential categories to focus on and identify resources required to make the cross-functional working more effective. Procurement teams clearly appreciate why strategic alignment planning activity is such an important activity.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Zycus Cognitive Procurement

JULY 27, 2021

Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40