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Q1 2024 Insider roundup: A deep dive into AI; following procurement tech market movements; updated coverage of 18 vendors

Spend Matters

Pere Sivecas , Spend Matters Development PM and Software Architect, has compiled a four-part video series that covers the basics you need to know, the first two of which are free while parts three and four require a basic Insider subscription.

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Total Cost of Ownership (TCO): Definition, Components, and Examples

Pipefy

During this time, they’re considering the immediate and long-term costs associated with whichever software they choose. Quiet costs that can occur when implementing a new system, tool, or software are those associated with adoption and change management.

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The Comprehensive Guide to Spend Analysis in Healthcare

Empowering CPO

Fragmented Supply Chains: The healthcare supply chain is complex and often fragmented, involving multiple stakeholders such as manufacturers, distributors, and group purchasing organizations (GPOs). This includes procurement systems, financial systems, enterprise resource planning (ERP) software, and supplier databases.

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Materials Management Objectives: A Strategic Approach

SCMDOJO

In today’s competitive business landscape, highlighting efficient materials management objectives is a critical step to be performed and achieved. Let’s talk about why material management objectives should be taken into consideration. No need to pay exorbitant sums to software companies.

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The One Point Analysts Are Missing? Technology Is IRRELEVANT!

Procurement Insights

Reference : The Standard Procurement System SAP R/3 : Overview : SAP’s R/3 system, introduced in the early 1990s, included modules for materials management and procurement, offering businesses an integrated approach to handle procurement alongside other enterprise functions.