Procurement Insights

FEBRUARY 20, 2025

SAP Ariba : A leading procurement software company, SAP Ariba offers a comprehensive suite of solutions for supplier management, strategic sourcing, procurement, and financial supply chain management. What does Nadella’s SaaS death statement mean to them?

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Real-time Visibility Supply Chain Efficiency 52

Spend Matters

OCTOBER 4, 2023

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

Procurement 111

Procurement e2e Contract Sourcing 111

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

OCTOBER 28, 2022

Chief among these challenges is the need to modernize procurement processes and tools. . Total estimated infrastructure bill allocations: Source. Why is modernizing these processes and tools so important? .

Bidding 130

Bidding Procurement Procurement team Procurement solutions 130

Una

JULY 6, 2022

Whether procurement is working in the public sector or private, there has to be a connection between the numbers and what they mean in a real world sense. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Iris Cooper. Latest Episodes from The Sourcing Hero Podcast. Iris Cooper on LinkedIn. Get in Touch.

Procurement 69

Procurement Procurement contracts Purchasing Procurement team 69

SCMDOJO

FEBRUARY 13, 2023

Supporting the organization’s goals through effective strategies: The procurement team supports the organization by monitoring supply markets and trends, identifying critical materials, and developing effective procurement strategies to increase competitiveness. Review requests for proposals (RFPs).

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Financial Acumen : Understanding market trends, cost structures, and the impact of procurement activities on the financials. Technical Expertise : Understanding the technical aspects of the goods and services being procured.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Financial Acumen : Understanding market trends, cost structures, and the impact of procurement activities on the financials. Technical Expertise : Understanding the technical aspects of the goods and services being procured.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

ivalua

SEPTEMBER 2, 2019

The guidelines insist that attention and focus need to start from the top. The management body should ensure that sufficient resources are available to appropriately support and ensure the performance of those responsibilities, including overseeing all risks and managing the outsourcing arrangements …”.

Procurement 140

Procurement Contract Risk Suppliers 140

SCMDOJO

OCTOBER 27, 2023

Price Negotiation: This negotiation focuses on haggling over the cost of goods or services to obtain the best price for procuring products or services. Contract Negotiation: This negotiation involves discussions and agreements on the terms and conditions of the procurement contract. The platforms make it transparent.

Supplier negotiation 105

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

ivalua

DECEMBER 17, 2018

No-one likes change, and for sure some members of your organization will feel highly threatened by Digital Procurement. In fact, there is a significant skills shortage (source) to help drive Digital Procurement forward. Many will feel that this is an excuse to take their jobs away. Early adopters give the following advice.

Procurement 124

Procurement Data Suppliers Sourcing 124

Procurement Templates

NOVEMBER 11, 2022

Source : UN.Org. The energy sector is the source of around three-quarters of greenhouse gas emissions today and holds the key to averting the worst effects of climate change. Replacing polluting coal, gas and oil-fired power with energy from renewable sources, such as wind or solar, would dramatically reduce carbon emissions.

Procurement 130

Procurement Bidding Contract Suppliers 130

ivalua

JANUARY 29, 2020

No organisation does everything itself, and whether we’re looking at buying raw materials, components, innovative technology, or sourcing the best in marketing or professional services, the whole process of engaging and working with suppliers must reflect this need for speed and agility. .

Collaboration 164

Collaboration Innovation Agile and Lean Supply Chain Procurement 164

World of Procurement blog

APRIL 23, 2024

Sourcing : Choosing suppliers that provide the goods and services needed to create the product. Supply Chain Management in Procurement Supply chain management in procurement focuses on acquiring the raw materials and components needed for manufacturing.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Sourcing : Choosing suppliers that provide the goods and services needed to create the product. Supply Chain Management in Procurement Supply chain management in procurement focuses on acquiring the raw materials and components needed for manufacturing.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

ivalua

MARCH 14, 2019

But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in.

Procurement 100

Procurement Innovation Networking Strategic sourcing 100

ivalua

MAY 15, 2019

One significant area of Artificial Intelligence is language understanding, also called machine reading comprehension (MRC), and the new technologies in this field lead the way for thousands of new applications, such as sourcing, trend analysis, conversational agents, sentiment analysis, document management, cross-language business development, etc.

Contract 150

Contract Data Management Contract management 150

ivalua

MARCH 5, 2020

Technology is also coming into the picture here, with platforms (such as Ivalua’s) now offering support for collaborative activities, as well as traditional functionality in source to contract, purchase to pay and so on.

Collaboration 130

Collaboration Agile and Lean Supply Chain Procurement supply chain budgeting 130

ivalua

MAY 15, 2019

One significant area of Artificial Intelligence is language understanding, also called machine reading comprehension (MRC), and the new technologies in this field lead the way for thousands of new applications, such as sourcing, trend analysis, conversational agents, sentiment analysis, document management, cross-language business development, etc.

Contract 147

Contract Data Contract management Risk 147

Procurement Heads

JUNE 6, 2023

This involves overseeing various service offerings, such as our Sourcing Solution team, which supports multiple councils in executing their procurement activities. Additionally, I am responsible for driving our technology initiatives, including e-tendering platforms, contract management, and ERP integrations.

Contract management 130

Contract management Contract Supply Chain Efficiency supply chain budgeting 130

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Zycus Cognitive Procurement

JULY 29, 2021

PREREQUISITES FOR SUSTAINABLE PROCUREMENT. Sustainability for the procurement function is a multifaceted approach to building a robust, resilient procurement infrastructure. It encompasses: Conscious e-Sourcing: . Responsible Contract Management: . Humane sourcing is not just a PR exercise.

Sustainability 40

Sustainability Procurement Agile and Lean Supply Chain supply chain software solutions 40

Procurement Software

MARCH 11, 2022

If a Category Manager earns €100k a year and is charged with complex sourcing and negotiations, surely they are smart enough to manage their own travel budget? What’s the cost of the procurement team member‘s time invested versus the end result? Competitive bidding for €10k worth of one-time spend. Let’s also not forget suppliers too.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Skill Dynamics

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract. By offering coffee growers market access and stable demand, they could secure their livelihoods.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Not a problem for us, yet to do something right, specified data is needed, and they could not get this data to us because they do not and will not put the resources into procurement.

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Jaggaer

JUNE 28, 2024

As processes are automated across the business, for example with IoT, you need to ask how this will impact the procurement contracts that have already been negotiated or will need to be in future. Procurement needs to be in the discussions around the entire operational footprint from sourcing to channels to market.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Supply chain management Supply chain management 52

Pipefy

NOVEMBER 24, 2023

Procurement solutions encompass a wide range of specific functions due to the many aspects of the procurement process, including purchase requests centralization, procure-to-pay, sourcing, budget management, supplier management, and forecasting. This benefit makes compliance management more efficient and transparent.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Empowering CPO

JUNE 22, 2023

The Process of Conducting a Spend Analysis Conducting a spend analysis involves several key steps: Data Collection: This is the initial stage where all spend data from various sources are gathered. This can include invoices, purchase orders, and payment data from different systems and locations.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52

Procurement Software

MARCH 11, 2022

If a Category Manager earns €100k a year and is charged with complex sourcing and negotiations, surely they are smart enough to manage their own travel budget? What’s the cost of the procurement team member‘s time invested versus the end result? Competitive bidding for €10k worth of one-time spend. Let’s also not forget suppliers too.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Software

JUNE 20, 2023

Being able to manage your contracts in one place, author them, approve them and sign them is a massive productivity boost. Not only that, it also offers a single source of truth, having all of your contract documents and contract management data in one place. It also allows for unlimited users per subscription.

Contract management 52

Contract management Contract e2e Management 52

Procurify

JULY 20, 2022

However, organizations need separate contracts that define their working relationship with their suppliers. Therefore, contract management is an integral part of procurement. Contracts protect companies from litigation issues and put agreed-upon pricing, delivery and product standards in writing. In conclusion.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Empowering CPO

MAY 4, 2023

With the growing emphasis on sustainability, ethical sourcing, and digital transformation, procurement is no longer just about cost reduction; it’s an essential function that can provide a strategic advantage to modern businesses. Prioritize Sustainability and Ethical Sourcing A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Zycus Cognitive Procurement

FEBRUARY 2, 2021

The pandemic has revived interest in the digital transformation of the entire Source to Pay (S2P) process. Factors like geographical risk, delivery delays, suppliers’ safe work environment, and the like have surfaced risk management as an enterprise’s immediate agenda. IoT is the current mainstream technology option for risk assessment.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract management Contract 52

World of Procurement blog

MAY 20, 2024

Users can collaborate on contract drafting and redlining. Central contract repository - All contracts and associated documents are stored in a centralized, searchable database. This provides a single source of truth. Workflow automation - CLM solutions automate contract review, approval, and signature workflows.

e2e 52

e2e Real-time Visibility Procurement Contract 52

TYA Suite

DECEMBER 16, 2024

This ensures that procurement operations are always evolving to meet new challenges and deliver the best outcomes. Agile Procurement and Traditional Procurement are two different approaches to sourcing goods and services. In traditional procurement, contracts are often long-term and rigid.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Procurement Real-time Visibility Procurement team 40

World of Procurement blog

JUNE 17, 2021

Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. This is the management of the entire contracting process though. This is a bad way to think about it.

Contract management 52

Contract management Contract Management Contract administration 52

Procurement Templates

JUNE 18, 2023

It’s important to note that the leadership landscape in procurement can change over time, with new leaders emerging and others transitioning to different roles. For the most up-to-date information, I recommend referring to industry publications, company announcements, and business news sources.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147