This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The post SpendHQ: Vendor Analysis (Part 2) — Spend analytics 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.
In this Spend Matters Vendor Analysis we provide an overview of Samification by The Classification Guru (TCG) and its solution for supplier normalization. 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.
Part 1 of this Vendor Analysis provides a history and overview of Graphite Connect’s supplier management solution and gives the solution’s roadmap/vision. Part 2 focuses on the strengths and opportunities of Graphite Connect’s solution. This content is for members only. Visit the site and log in/register to read.
Spend analytics is crucial for procurement teams as it provides valuable insights into the organization’s spending patterns, supplier performance and potential cost-saving opportunities.
Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data. Additionally, it can identify potential suppliers based on their industry, location, or product/service offerings. Here are some ways ChatGPT can help procurement professionals: 1.
Whether it is juggling multiple supplier requests, dealing with complex regulatory requirements or navigating interdepartmental communication gaps, procurement teams face a host of difficulties in aligning their processes to meet business needs effectively.
Such an area is tail spend, the purchases that makeup approximately 80 percent of transactions/parts/suppliers but only 20 percent of total spend volume. The post Fairmarkit: Vendor Analysis (Part 1) — Sourcing solution overview, marketanalysis, company SWOT, competitors appeared first on Spend Matters.
In this Spend Matters Vendor Analysis we provide an overview of Onventis and its solution for source-to-pay (S2P). S2P suites typically cover sourcing, supplier management, contract management, spend analytics, AP automation and e-procurement. Onventis provides the above but it’s also important to note two other things about Onventis.
The platform’s innovative approach to digital procurement captured the attention of businesses seeking to enhance their supplier relationships and automate invoicing. By 2018, Tradeshift had evolved into a global business network that connected buyers and suppliers across diverse industries and regions.
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.
The post SAP Ariba: Vendor Analysis 2023 Update (Part 1) — S2C solution overview, marketanalysis, company SWOT, competitors appeared first on Spend Matters. SAP Ariba solutions continue to undergo significant development, and the solution’s overall SAP Ariba roadmap increasingly intersects with those of other SAP products.
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.
It also integrates ESG into its spend and supplier management. Part 1 of this update provides an overview of Proactis’ S2P offerings, a company-level SWOT analysis and a list of key competitors. Proactis is one such suite vendor. Part 2 will examine the solution’s strengths/weaknesses and offer tech selection tips.
This Spend Matters Vendor Analysis provides an overview of Unimarket and its procure-to-pay (P2P) solution. Unimarket is a cloud-based P2P platform that streamlines eprocurement, invoicing and supplier management. It offers an integrated suite of tools designed to enhance efficiency, control costs and ensure compliance.
In this Spend Matters Vendor Analysis, we provide an overview of Supply Risk Solutions and its solution for supplier (chain) risk management. Supplier risk management is crucial for a variety of reasons. It handles all supplier communication on behalf of the client and offers a variety of other managed services.
State of Flux developed its approach based on the realization that many organizations practicing SRM do only Supplier Management. Supplier Management (vs SRM) is more of a one-way street where suppliers are considered simple necessities. Also, such organizations supported suppliers who needed it. when others were not.
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.
Procurence’s solution (Meercat) provides customers with rich features to manage their suppliers and their risk, emphasizing supply quality management and project-based procurement. Ten years ago, the founders evaluated the mid-market solutions and came up with the conclusion that none of them were easy to use or fast to implement.
Build strong supplier partnerships for long-term stability. Supplier Financial Instability: Bankruptcy or operational shutdowns of key vendors. Damaged supplier relationships and business reputation. Improved Supplier Collaboration: Stronger relationships lead to better service levels and pricing.
This Spend Matters Vendor Analysis provides an overview of BlueBean and its solution for procure-to-pay. BlueBean’s unique ‘request-to-pay’ solution removes the need for supplier portals, purchase orders, invoices and expense claims.
To potential buyers — mdf commerce has over 25 years of experience in the US and Canadian public sector that includes over 6,500 buying agencies and over 600,000 active suppliers on its networks. Its solutions follow best public sector practices and are integrated when initially implemented.
In today’s three-part PRO Vendor Analysis series on Medius’ purchase-to-pay (P2P) offering, Part 1 provides a company background and high-level solution overview, gives a company SWOT analysis and discusses Medius’ competitors. Read more. ).
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. Today, data-driven analysis is still at the heart of all of its offerings.
It provides customers with a platform that connects buyers with qualified suppliers and offers a range of capabilities (in-app and as services) such as category management, demand management, e-sourcing, auctions, supplier management and contract management. It is exactly the kind of challenge that VORTAL addresses.
Halo Ai was founded to assist organizations with their third-party risk management problems by consolidating supplier data into one platform, gathering supplier information automatically and assessing risk for suppliers automatically. This Vendor Analysis explores Halo Ai’s platform, application and supporting services.
The Kraljic matrix is used by organizations to help them work smartly with their suppliers. The Kraljic matrix was created by Peter Kraljic and first appeared in the Harvard Business Review in 1983 to devise a means to segment the supplier base. . You can also try switching suppliers if necessary to achieve the best price. .
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.
A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting.
The vendor takes a comprehensive approach, focusing on the spend control narrative and offering a unified solution that takes a variety of pain points in procurement and supplier management, most notably helping its customers control third-party spend through automated workflows.
The procurement cycle begins at the point when you realize your organization needs to procure goods or services from an external supplier. Complete a marketanalysis. Next up, you’ll need to complete a thorough marketanalysis. Compile a list of suitable suppliers. Determine Your Business Needs.
This Spend Matters Vendor Analysis provides an overview of Pando and its solution for freight and logistics fulfillment. Even before the coronavirus pandemic, supply chains were prone to disruption due to the lack of collaboration between suppliers, customers, carriers and facilities. This content is for members only.
This Vendor Analysis also explores the concept behind SpendQube: the platform, application and supporting services the vendor delivers and a competitive marketanalysis, complete with key analyst takeaways. Additionally, SpendQube utilizes its parent company to offer spend-based consulting services alongside the tool.
This Spend Matters Vendor Analysis provides an overview of Deployed and its solutions for Statement of Work (SOW). SOW drafting traditionally starts once a supplier bid has been accepted and the business is ready to move forward with work. This Vendor Analysis explores Deployed’s platform and application and supporting systems.
After 8 months of deep marketanalysis, the Ivalua solution was the only one to meet all our requirements. In addition, Ivalua provides comprehensive and real-time data about our purchases, allowing us to manage spend and suppliers as effectively as possible.”.
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.
Predictive analytics and real-time data in marketanalysis and risk assessment at a fraction of the time we need now. A tool that can help you shift through mountains of supplier data. Organizations can proactively identify cost-saving opportunities, mitigate risks, and enhance supplier performance.
Procurement focuses either at their internal stakeholders or suppliers. But what are the forces that impact the economy, and market? There is a tool for it. The post Porter’s five forces – practical use first appeared on ABC of Procurement.
This analysis examines Relish’s platform and applications, identifies competitors in the space, offers user considerations and concludes with some key takeaways. Relish’s main applications focus on validating and enriching data, particularly supplier information and invoice data digitization.
Budget Analysis : Evaluating the available budget and financial resources is crucial to ensure that the procurement activities align with the organization’s financial capabilities. Market Research : Conducting research on available suppliers, products, and market trends is essential for making informed procurement decisions.
Our team must create an Annual Buying Plan that considers various factors such as marketanalysis, resources, and historical spend. We should also assess the market for each commodity and procure them using the right approach. My team and I work closely with suppliers to negotiate favorable terms and conditions.
This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money. This strategy also ensures strategic supplier relationship management as per the various categories. Read More: What Does a Procurement Manager Do?
There are many procurement solutions on the market and many focus on the upstream processes, S2C, which is supposed to be more strategic than the downstream P2P processes. This Vendor Analysis Update will provide an overview of Cirtuo’s solution, a look at its competitive landscape, selection tips and an analyst summary.
Factors to consider when purchasing IT range from supplier reputation and cost to support, reliability, fit-for purpose, and, most importantly, data. Complete a MarketAnalysis. Compile Supplier List. We use supplier administrative fees to finance our services, allowing us to make and keep membership free for members.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
110 
Let's personalize your content