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Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Onventis’ source-to-pay (S2P) solution. Part 1 of the series provided a history and overview of the Onventis source-to-pay solution. This content is for members only. Visit the site and log in/register to read.
This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. Part of the ‘tail spend challenge’ relates how much effort it can take to understand it, acquire sufficient visibility and ‘data quality’ and address it with SxM and sourcing solutions. This content is for members only.
In this Spend Matters Vendor Analysis we provide an overview of Onventis and its solution for source-to-pay (S2P). Source-to-pay solutions allow organizations to streamline how they manage their procurement lifecycle from start to finish. First, it is one of the few providers in the space that is fully focused on the mid-market.
This Spend Matters Vendor Analysis provides an overview of Zip and its solution for intake, orchestration and source to pay (S2P). As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources.
Overall, spend analytics plays a vital role in helping procurement teams drive strategic sourcing initiatives, enhance supplier relationships and ultimately contribute to the organization’s bottom line.
This is the first in a three-part series that covers SAP Ariba’s source-to-contract (S2C) offerings, a subset of SAP’s larger platform. The post SAP Ariba: Vendor Analysis 2023 Update (Part 1) — S2C solution overview, marketanalysis, company SWOT, competitors appeared first on Spend Matters.
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.
Categories: Procurement Systems & Architecture , Source to Pay Tags: PRO In this Spend Matters Vendor Analysis, we provide an overview of ebidtopay and its source-to-pay solution. The S2P process is complex and hard to track due to the number of systems, steps and departments involved.
The post Ivalua: Vendor Analysis (Part 2) — S2C solution product-level strengths and opportunities, voice of the customer, competitors and marketanalysis, user considerations, analyst commentary and summary appeared first on Spend Matters. Visit the site and log in/register to read.
This Spend Matters Vendor Analysis provides an overview of Proactis and its solution for source-to-pay (S2P). It covers the S2P process, including sourcing, SxM, contract management, AP automation, payments and spend management. Proactis is one such suite vendor. It also integrates ESG into its spend and supplier management.
Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Corcentric Platform’s source-to-pay (S2P) solution. It also looks at customer reviews and the elements to consider when looking at Corcentric Platform as a potential solution provider. This content is for members only.
The post GEP: Vendor Analysis (Part 2) — S2C solution product-level strengths and opportunities, competitors and marketanalysis, user considerations, voice of the customer, analyst commentary and summary appeared first on Spend Matters. This content is for members only. Visit the site and log in/register to read.
Categories: Sourcing , Supplier Information Management , supplier networks , Supplier Performance , Supplier Risk and Compliance Management , Suppliers Tags: PRO Direct materials management is a hot market for procurement solutions with few specialists on the market. It also benefits from strong customer satisfaction.
Categories: eProcurement / Procurement , Procurement Systems & Architecture , Sourcing Tags: PRO Public sector industries are certainly a different beast from their private sector cousins, and information technology is no exception. This is a three-part Vendor Analysis.
In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. This Vendor Analysis also explores the concept behind VORTAL, its platform, application and supporting services, a verified customer reference analysis and a competitive marketanalysis, complete with key analyst takeaways.
Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data. Marketanalysis It can assist professionals by analyzing market trends and identifying potential opportunities or risks which can help them create a marketanalysis.
I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right. This may include procurement methods, sourcing strategies, contract terms, etc.
The platform provides end-users with a unified interface for catalog management, requisitioning, ordering and receiving while supporting diverse organizational requirements through configurable workflows and sourcing capabilities.
Whether it is messy supplier or spend data or files nested in random Google Drives and Excel files, every company can identify a data source theyd like to have cleaned. This Vendor Analysis explores Samification’s concept, application and supporting services. It gives a competitive marketanalysis and key analyst takeaways.
Categories: Procurement Systems & Architecture , Professional Services , Solution Providers , Sourcing , Technology Tags: PRO This three-part Spend Matters PRO Vendor Analysis focuses on Efficio’s eFlow, the company's S2C solution.
To customers — SupplierBase helps customers maximize value and transparency across the supply chain, providing a single interface that reveals all supplier-related information both as a primary data source and connected with some third-party data sources. Read more. ).
Increased costs due to emergency sourcing. A well-defined procurement strategy doesnt just mitigate risksit adds significant value to your organization : Cost Savings: Strategic sourcing and supplier negotiations reduce procurement costs. Regulatory Compliance: Ensures adherence to industry laws, ESG policies, and ethical sourcing.
It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). By consequence, it also brought solution providers with dedicated capabilities for direct spend under the spotlight. Poland-based Procurence is one such provider.
Commodity Trading Tools and Software In engaging in the field of commodity trading, you can use several tools and software that helps with marketanalysis, monitoring prices, and managing trades, making it easier to make informed decisions. TradingView TradingView is an online platform primarily used for financial marketanalysis.
NPI is a longstanding and market-leading IT spend optimization service provider with experts providing services in five practice areas, such as licensing and cost optimization consulting.
Verified customer reference analysis of how the solution is actually working in the field. Competitive marketanalysis within Airbase’s addressed market segments and its top competitors. Overall analyst assessment of Airbase and its solution to meet market needs.
Categories: Source to Pay , supplier networks Tags: PRO This Spend Matters PRO Vendor Analysis will give an overview of Tungsten Network’s global AP automation solution, called Total AP. The accounts payable automation market for large enterprises (over $1 billion in revenue) is different from the middle market or SME.
Strategic Sourcing: Strategic sourcing involves managing suppliers, while their selection is done through Request for Quotation (RFQs) forms from multiple suppliers to compare and evaluate them based on pricing, quality, and delivery speed. Industry Benchmarks: In the market, a company is never the sole player.
Procurement, Finance and IT teams often lack a single source of truth, relying instead on spreadsheets, documents and contracts scattered across various platforms. Productiv helps organizations automate processes, provide a centralized source of information and streamline collaboration among stakeholders.
In this Spend Matters Vendor Analysis we provide an overview of AnyData Solutions and its solution for spend analytics, contract management, supplier relationship management and ESG/performance tracking. In the world of business, procurement departments play a pivotal role in shaping an organization’s success.
This Vendor Analysis explores ivoflow’s platform, application and supporting services and includes a verified customer reference analysis, a competitive marketanalysis and key analyst takeaways. Here’s why ivoflow matters: To the market — ivoflow focuses solely on direct spend analytics (i.e,
The procurement cycle outlines the key steps procurement professionals should be taking each time they source and procure new goods and services. Complete a marketanalysis. Next up, you’ll need to complete a thorough marketanalysis. Why Local Sourcing Makes Sense After COVID-19. The procurement cycle.
20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.
This Spend Matters Vendor Analysis provides an overview of Deployed and its solutions for Statement of Work (SOW). The business requestor and Sourcing or Procurement go back and forth (usually several times) to ensure the draft reflects the work being requested. for more iterations of edits and reviews before finalization.
This Vendor Analysis looks at Pando’s platform, application and supporting services. It also provides a competitive marketanalysis and key analyst takeaways. The post Pando: Vendor Analysis — Logistics fulfillment solution overview, roadmap, competitors, tech selection tips, analyst summary appeared first on Spend Matters.
MarketAnalysis. In this stage, the procurement department must consider the supply risk and profit impact of the current market situation. . In doing this, the procurement department of a company must evaluate its purchasing power compared to the supplier market. . Strategic Positioning. Action planning. LEARN MORE.
This Vendor Analysis explores CloudEagle’s platform, application and supporting services, conducts a competitive marketanalysis and concludes with key analyst takeaways. Here’s why CloudEagle Matters: To the market — CloudEagle offers SaaS application tracking and management aimed at reducing a customer’s SaaS spend.
Ethical and Sustainable Procurement: The curriculum emphasizes the importance of responsible sourcing practices, aligning with the growing demand for ethical and sustainable supply chains. Whether you’re a complete beginner or a seasoned professional seeking to upskill, we have courses tailored to your needs.
A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. As you begin to navigate this category, some of the same strategic sourcing best practices can be used as a guide to IT procurement as well. Complete a MarketAnalysis.
Later on, it is categorically understood that for multiple sources of consumption or multi factory plants, sourcing a similar product by different persons may lead to consumption of more time, money, and resources. Step 1 – Analysis of Internal Factors – Demand Management & Spend Analysis. Spend Analysis Data.
Arkestro was recognized with the designation of “Value Leader” in the Sourcing category of Spend Matters’ Fall 2022 SolutionMap rankings. “What if every sourcing event learned from the combined history of every sourcing event your team has ever run?
Where is the freight market heading and how can a shipper be prepared to address changes as they occur in real time? What explains the contradictory and outright confusing stream of conflicting market perspectives provided by sources of industry news? Is it seasonality? Trade war ramifications? A spike in diesel costs?
Category management may involve the splitting of products (goods or items) or services or may relate to the dissecting of products or services by value, supplier, type, or volume into various categories to allow for easy management and sourcing. Sourcing decisions also play a role in the categorization of items or services.
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