Procurement Tactics

JULY 21, 2022

A procurement portal is an e-procurement solution or tool that allows you to make your purchasing processes online. A procurement portal is a combination of internal procurement software and a vendor portal. . My name is Marijn Overvest, I'm the founder of Procurement Tactics. What is a procurement portal?

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Spend Matters

JANUARY 16, 2023

Tropic’s business model helps Finance, Procurement and Operations teams overcome software sourcing challenges by facilitating negotiations, ensuring compliance, automating the purchase experience and managing contracts with its combined offering of its platform and service layer in the shape of its team of procurement experts.

Procurement solutions 97

Procurement solutions Contract management Procurement Market knowledge 97

Spend Matters

DECEMBER 27, 2023

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from: Martin Rand, CEO of Pactum , and Fabio Herle, EPM — Head of EMEAI Markets at autonomous negotiations suite Pactum AI. For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider.

Procurement solutions 64

Procurement solutions Procurement Negotiation Procurement strategies 64

Spend Matters

SEPTEMBER 21, 2022

Case in point, I’ve spoken to a lot of investors and owners recently, and while I can’t share names and individual case examples, I can share overall learnings about what is driving valuations in procurement technology — a market that, despite getting caught up in the overall downdraft, is still doing better than peers in other sectors, mind you! —

Procurement solutions 98

Procurement solutions Procurement Negotiation Price 98

Procurement Insights

FEBRUARY 21, 2025

Example of a Metaprise in ProcureTech: A large enterprise connects multiple ERP systems, supplier networks, contract management tools, and risk assessment platforms into one AI-driven ecosystem that autonomously negotiates, optimizes spend, and ensures compliance. What is an Orchestration & Intake Model?

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

Procurement Tactics

JUNE 28, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4.  Menu Course Library 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

OCTOBER 18, 2022

The SRM software centralizes supplier-related data, supports contract and procurement management, automates supplier scoring, and provides a supplier portal as a medium for communication with different suppliers. . Want to become a Negotiation Game Changer? Negotiation Game Changer Certificate Program. Updated Aug 2022.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Software

MARCH 16, 2025

As a result of better data, procurement teams gain a whole range of benefits. They can make informed decisions, negotiate more effectively, and identify cost-saving opportunities faster. Procurement now has its turn to drive efficiency and performance gains through better data.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. For a more in-depth understanding of Rod Sherkin’s insights on supply chain management and procurement, you can watch his interview on Supply Chain Now.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 52

ivalua

NOVEMBER 10, 2021

The last 24 months have greatly hindered the ability of many organizations to sustain or grow revenue, increasing pressure on Procurement to create and capture more savings to protect the bottom line and to do so rapidly. OMNIA Partners is the largest and most experienced purchasing organization for public and private sector procurement.

Purchasing 130

Purchasing Spend management Negotiation Contract 130

ivalua

MARCH 8, 2021

PwC will share trends in digital procurement and how PwC was able to successfully implement IVALUA’s procurement solutions in order to achieve improved management and monitoring of the risk associated to the relationships with third parties thus complying with the new Global Third Parties Code of Conduct.

Procurement solutions 20

Procurement solutions Purchasing Negotiation Procurement 20

Empowering CPO

JUNE 22, 2023

Introduction In today’s fast-paced and evolving business landscape, strategic procurement plays a pivotal role in driving cost efficiency and enhancing operational excellence. One of the key elements within this domain, often underestimated, is the power of spend analysis in contract negotiations. Understanding Spend Analysis A.

Negotiation 52

Negotiation Contract Data Suppliers 52

Jaggaer

MARCH 6, 2025

Navigating Regulatory Changes Public sector organizations need procurement solutions that align with new frameworks, such as the UK Procurement Act, which comes into force in February. Strengthening Cybersecurity The rise in cyber threats has made robust security measures a non-negotiable aspect of procurement technology.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

Negotiations Ninja

JANUARY 22, 2024

In episode #425 of Negotiations Ninja, they shared how every […] Stan Garber was the President of Scout RFP and helped Alex Co-found Levelpath. He and Alex have worked together on different projects for nearly two decades.

Procurement solutions 52

Procurement solutions Negotiation Procurement 52

Spend Matters

MARCH 25, 2024

GenAI use cases in contracts and negotiations One use case of AI in procurement is abundantly evident in contracting and legal. This allows laypeople to negotiate lower-risk contract terms while ensuring higher-risk terms are routed to the legal department. GenAI can be used to summarize a contract and create a risk profile.

Procurement contracts 124

Procurement contracts Contract Procurement Negotiation 124

Spend Matters

JULY 11, 2024

Myth 1: AI will replace procurement professionals A prevalent fear is that AI will eliminate jobs in the procurement industry. While AI can automate repetitive tasks, such as data entry and analysis, it cannot substitute the human touch necessary for negotiating with suppliers or establishing enduring relationships.

Procurement 120

Procurement Procurement team Suppliers Influencing 120

ivalua

APRIL 1, 2020

As a group purchasing organization (GPO), Intalere connects with the right manufacturers and distributors to aggregate purchasing volume across the supply chain and negotiate improved discounts on their members’ behalf resulting in unprecedented cost savings for the healthcare industry. Learn more at www.consus-global.com/. About Ivalua.

Contract 147

Contract Sourcing Supply Chain Efficiency Supply chain 147

Procurement Insights

DECEMBER 14, 2024

” According to research, there are 5,000 or more ProcureTech solution providers in the world. Heres a detailed comparison of ProPurchaser , Expana , Beroe , Negotiations Ninja , NEGOBRAIN.AI , MIT’s Negotiation Essentials Sprint , Sound Negotiator , and Nibble Technology based on their offerings, focus areas, and unique features.

Price negotiations 64

Price negotiations Negotiation supply chain budgeting Price 64

Procurement Tactics

JANUARY 5, 2023

A PunchOut catalog is an integrated e-procurement system that allows suppliers to promote goods and services to buyers through the supplier’s own procurement application or hosted e-procurement system. . To simplify, buyers can now procure their needs without exiting their e-procurement systems. + Do I need it?

Buyers 179

Buyers Purchasing Suppliers Price 179

Spend Matters

AUGUST 31, 2022

Categories: Analytics , Market Intelligence , Procurement , Procurement Systems & Architecture , Purchasing and Sourcing , Requisition / PO Management , Risk Performance and Compliance , Spend Analysis Tags: PRO Direct materials is a hot market for procurement solutions, and this has become even more the case since the Covid crisis.

Supply Chain Optimization 98

Supply Chain Optimization Material management Sourcing Influencing 98

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

ivalua

SEPTEMBER 20, 2021

Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. . Learn more at www.ivalua.com. About Durvah.

Contract 130

Contract Collaboration Sourcing Contract management 130

Procurement Tactics

AUGUST 22, 2022

My name is Marijn Overvest, I'm the founder of Procurement Tactics. Want to take your negotiation results to the next level? Negotiating the costs with the supplier, even if it is small in quantity, can result in savings of 20 to 30% of the total indirect spending of an organization. Negotiation Gamechanger Certificate Program.

Purchasing 130

Purchasing Suppliers Negotiation Spend management 130

Arkestro

NOVEMBER 12, 2024

However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. Today’s procurement challenges go far beyond cost negotiations and sourcing.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Spend Matters

JUNE 19, 2023

What does a contract lifecycle management solution do? Contract lifecycle management solutions are systems that automate the authoring, negotiation, execution, implementation, monitoring and renewal of B2B contracts (with an emphasis on supplier contracts).

Contract 103

Contract Management Negotiation Real-time Visibility 103

Planergy

FEBRUARY 24, 2025

It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. Educational leaders use strategic procurement to negotiate favorable contracts, explore innovative solutions, and drive institutional efficiency.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

ivalua

NOVEMBER 3, 2021

With Ivalua, Ahlsell was able to highly automate and standardize the process of negotiating contracts with several suppliers at the same time, delivering an unparalleled level of efficiency and benefits. “We They contribute to the broad range of products offered and supplement limited in-house resources.

Procurement 130

Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 130

ivalua

APRIL 1, 2020

As a group purchasing organization (GPO), Intalere connects with the right manufacturers and distributors to aggregate purchasing volume across the supply chain and negotiate improved discounts on their members’ behalf resulting in unprecedented cost savings for the healthcare industry. Learn more at www.consus-global.com/. About Ivalua.

Contract 130

Contract Sourcing Supply Chain Efficiency Supply chain 130

Spend Matters

FEBRUARY 6, 2024

Its interoperability makes it easier than ever for a procurement solution to embed AI. This third-party-type integration therefore extends their own solution. The use of GenAI in procurement solutions does not come without risk however.

Procurement 102

Procurement Procurement solutions Demand Risk 102

ivalua

NOVEMBER 10, 2020

Statewide and cooperative contracts allow other government entities to gain value from purchasing from state procurement agreements. This practice, often referred to as piggybacking, grants Public Sector partners access to make purchases using contracts negotiated by state procurement offices. .

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

Spend Matters

JANUARY 11, 2024

However, citing the Word/email ecosystem as a primary reason to abandon clause libraries and negotiation capabilities may be short-sighted. Authoring and negotiating are the crux of CLM. And subscribe to our Newsletter to keep on top of what’s new in the procurement solutions market.

Contract 103

Contract Negotiation Procurement solutions Risk 103

Una

JANUARY 4, 2023

This is typically done by forming a purchasing consortium or alliance, which allows the group to negotiate better prices from suppliers due to the larger volume of business they are bringing to the table. Group purchasing can be used in conjunction with other procurement strategies , like strategic sourcing, for example.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

Procurement Insights

MARCH 23, 2025

Savings Potential: 10-20% by reducing external reliance or negotiating rates. Reason: Moderate savings from rate negotiations, though usage may be modest. Key Strategies for Achieving Higher Savings Digitalization and Automation : Implementing digital procurement tools can streamline processes and reduce administrative costs.

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

Spend Matters

DECEMBER 5, 2023

A more general (if less exciting) application is the now omnipresence of chatbots in procurement solutions. But as noted, most of procurement receives many benefits from the more traditional purposes of AI, such as pattern detection, data classification and decision support.

Contract 111

Contract Supply Chain Optimization Data Procurement 111

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. The fantastic employment options that procurement training opens up are among the most convincing arguments for doing so. What is the Negotiation Process and its Stages Lesson 2.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

ivalua

DECEMBER 19, 2018

The Company has already implemented a Workforce Management solution, IT tools supporting the safety management system of train operations and a maintenance system for railway vehicles along with mobile and virtual training solutions. OptiBuy is an international consulting company specializing in Procurement management.

Supplier relationship management 100

Supplier relationship management Contract Buyers Procurement solutions 100