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Procurement team Real-time Visibility supply chain budgeting 
ivalua
FEBRUARY 10, 2023
How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.
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ivalua
FEBRUARY 27, 2023
How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. Manufacturers, take charge of your supply chain!
Una
OCTOBER 17, 2023
EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.
Procurement Tactics
JULY 20, 2023
The supplier order management software integrates with other systems such as Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), and Supply Chain Management (SCM) to ensure a seamless flow of information across different departments. Establishing this system may require your time and effort.
Procurement Templates
JUNE 18, 2023
ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?
130 
World of Procurement blog
MAY 10, 2024
The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. One of the biggest challenges in procurement has been gaining visibility into exactly where money is being spent across the organization. This enables more accurate planning.
IBM Supply Chain Blog
FEBRUARY 13, 2024
In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.
ivalua
MARCH 9, 2023
By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Spend under management: S2P software can help procurement teams better manage the percentage of company spend that is under contract and under management.
130 
Supply Chain Game Changer
JULY 14, 2021
Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Subscribe Here! Email Address.
Una
OCTOBER 25, 2022
Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. And let’s not forget the crucial role they play in driving diversity and sustainability within the supply chain. 8 Steps to Improve Procurement Efficiency. Consolidate your supplier lists.
ivalua
MAY 6, 2021
The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.
SCMDOJO
AUGUST 21, 2023
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.
Una
AUGUST 2, 2022
Fully-automated spend categorization will boost visibility, free up time, supercharge advanced analytics, and improve decision-making. Importantly, technology can monitor contract expiry dates to prevent auto-renewals and provide the procurement team with an opportunity to reconsider or renegotiate the contract.
98 
Arkestro
JANUARY 9, 2024
According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. In fact, manufacturing procurement has never been more important, holding the power to influence IT, finance, and C-suite decision-making.
Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
Una
JULY 6, 2022
A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. The real value, however, and where you’ll truly benefit from working with a group purchasing organization like Una, lies beyond the initial cost savings. Supply Chain Management.
92 
Empowering CPO
MAY 5, 2023
Procurement’s Role in Driving Business Success Procurement, often viewed as a behind-the-scenes function, plays a critical role in a company’s success. It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries.
Jaggaer
OCTOBER 24, 2024
Enhancing Supplier Performance Management By simplifying performance monitoring, reducing risks, and providing actionable data AI helps procurement teams form stronger relationships with suppliers.
Jaggaer
OCTOBER 24, 2024
Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions. In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible.
Procurement Express
DECEMBER 31, 2024
Procurement software tends to fall into one of three categories. There are enterprise resource planning (ERP) systems, which are complex systems designed to help companies manage all ends of the supply chain. What is Procurement Software? How Does Procurement Management Software Work? Improved cost control.
Pipefy
JANUARY 30, 2024
Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.
Spend Matters
MARCH 11, 2024
For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time.
TYA Suite
OCTOBER 27, 2024
With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Real-time tracking and reporting capabilities allow organizations to monitor the status of purchase orders, deliveries, and payments.
Jaggaer
OCTOBER 24, 2024
Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction.
Procurement Software
JUNE 4, 2024
While procurement technology for indirect spend continues to flourish, we’re now also seeing a new wave of great tech platforms for direct spend and component parts. As supply chain technology improves for transportation, inventory management and warehousing, the procurement tools for manufacturing businesses now need to step up.
Jaggaer
DECEMBER 13, 2024
Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.
Planergy
JANUARY 26, 2023
How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. They can include funding limitations, missed or late milestones, and cost overruns and may be linked to changes in the project scope.
52 
Procurement Software
MARCH 11, 2022
This is a great tool to get started with if getting the budget for the necessary investment is proving to be a challenge. A team of Category Managers will likely require more granular features at line item level. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved.
Procurement Software
MARCH 11, 2022
This is a great tool to get started with if getting the budget for the necessary investment is proving to be a challenge. A team of Category Managers will likely require more granular features at line item level. Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved.
Procurement Software
APRIL 23, 2024
Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.
Supply Chain Game Changer
FEBRUARY 5, 2020
Subscribe to Supply Chain Game Changer. What’s the Difference between Procurement and Purchasing? Why Procurement Transformation Fail article created by, and permission to publish here provided by, Jill Button at [link]. What do I mean by Foundation in Procurement Transformation? Subscribe Here!
70 
Procurement Software
MARCH 5, 2024
Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game.
Pipefy
MAY 9, 2023
Monitoring procurement KPIs is a vital part of keeping track of an organization’s overall health and the smaller endeavors that contribute to that. 22 KPIs every procurement team should track As procurement has evolved so has the work of procurement teams, and especially so in recent years.
52 
TYA Suite
DECEMBER 16, 2024
This change helps businesses work faster, more efficiently, and at lower costs to stay competitive. Digital tools have replaced paper processes, improving accuracy and saving time and money. Mobile procurement is now essential for businesses. Managers can approve purchase requests in real time, speeding up the process.
Arkestro
JUNE 6, 2023
On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets. Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget.
Empowering CPO
JUNE 25, 2023
Manual, paper-based processes gave way to computerized systems, leading to the first generation of electronic procurement (e-procurement) systems in the late 20th century. These systems streamlined the procurement process, improving efficiency and reducing costs.
52 
Supply Chain Game Changer
MAY 12, 2021
Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! You put time, energy, focus, and emotion into a negotiation, so naturally, you want to come out feeling as if you’ve done a good job, get a good price, or ‘won’. Time, Money, or Things. Subscribe Here! Email Address.
69 
Arkestro
MARCH 27, 2024
After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?
52 
TYA Suite
AUGUST 26, 2024
Often overlooked in strategic planning, procurement management can significantly impact a company's bottom line. With the right SMBs can streamline their purchasing activities, reduce costs, and enhance overall productivity. streamlines the entire procurement process, from creating purchase orders to managing supplier invoices.
World of Procurement blog
MAY 8, 2024
Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Scope : Procurement spans the entire process from identifying requirements to contract closure.
Empowering CPO
FEBRUARY 11, 2024
Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.
Una
APRIL 9, 2024
It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. The opportunity to refinance was a no-brainer; we could do it relatively quickly and it didn’t cost us anything out of pocket. looking for innovative ways to reduce costs for your business.
52 
Una
JULY 25, 2023
This article explores the importance of monitoring supplier KPIs and why having them in place is key for reducing costs and improving your bottom line. The first three KPIs we suggest every procurement team should monitor are: Defect rates Lead time Contract compliance Can you guess what the other four KPIs will be?
Procurement Express
DECEMBER 31, 2024
In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc. Understanding these categories is the first step toward better visibility, smarter procurement processes, and tighter budget control.
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