ivalua

JANUARY 29, 2021

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70%

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

Supply Chain Dive

JANUARY 16, 2025

The ocean carrier used Craft's supply chain intelligence platform to help navigate last fall's East and Gulf Coast port strike.

Procurement team 139

Procurement team Suppliers Supply chain Procurement 139

Spend Matters

DECEMBER 23, 2024

Metrics around supplier consolidation and spend concentration are also common. Customers use Onventis to consolidate suppliers and negotiate better terms. By automating routine tasks, procurement teams can focus on strategic initiatives, which appeals to CFOs and finance teams.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

ivalua

OCTOBER 25, 2022

Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. 81% of procurement teams feel pressured by executive teams to respond more quickly and effectively to challenges such as inflation, disruptions, and shortages.

Procurement team 130

Procurement team Supply Chain Efficiency supply chain software solutions Procurement 130

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

Procurement 110

Procurement Competitive analysis Strategic sourcing Strategic sourcing 110

SCMDOJO

OCTOBER 28, 2024

By understanding the S&OP process, procurement teams can make more informed decisions, improve supplier relationships, and support overall business growth. For example, below are 5 reasons why procurement folks should attend S&OP Reviews.

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

ProcurePort

SEPTEMBER 20, 2022

• In procurement, the balance of power can shift towards the suppliers for many reasons. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • Such circumstances make it important for procurement teams […].

Buyers 246

Buyers Negotiation Purchasing Strategy 246

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

ProcurePort

AUGUST 31, 2021

With the increasing adoption of technology in procurement, many Chief Procurement Officers (CPOs), accounts payable teams, and suppliers are turning to electronic invoicing as a viable solution to the issue of invoicing in a digital era. Digital transformation is taking center stage as procurement teams look […].

Chief Procurement Officer 245

Chief Procurement Officer Procurement team Procurement Suppliers 245

Spend Matters

FEBRUARY 13, 2025

As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. ,

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

ivalua

JANUARY 8, 2023

For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The new set of regulations add an additional layer of compliance and risk management to the procurement process. Further, it is essential that supplier management and data is holistic (i.e.,

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Barkers Procurement

DECEMBER 12, 2024

It will require careful planning across multiple areas, not the least of which is supplier relations. And this is where CPOs must take heed: while relationships with key suppliers are crucial, smaller businesses must not be neglected. There is, but only with a mindset that prioritises a smooth relationship with small suppliers.

Suppliers 52

Suppliers Bidding Negotiation Procurement team 52

Spend Matters

JANUARY 8, 2025

As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources. Zips value proposition is to provide requesters and stakeholders with an intelligent, intuitive front-end to their ERP or P2P.

Market analysis 111

Market analysis Procurement team Sourcing Buyers 111

Spend Matters

MARCH 25, 2025

Identifying key stakeholders Procurement operates within a complex ecosystem where multiple internal and external stakeholders hold different levels of influence. Internally, procurement teams must collaborate closely with finance, IT, legal and operational leadership, each with distinct priorities and decision-making authority.

Stakeholder engagement 70

Stakeholder engagement Management Procurement Influencing 70

Spend Matters

FEBRUARY 9, 2025

In todays globalized market, the financial health of suppliers has become a critical concern. It offers an in-depth financial risk assessment solution designed to evaluate the financial viability of suppliers through comprehensive analysis of financial statements of public and private companies.

Risk 92

Risk Procurement team Suppliers Buyers 92

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

ivalua

FEBRUARY 8, 2023

The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Procurement Leaders

JUNE 20, 2023

These areas of spend have historically resisted procurement influence. These can comprise of elements of the business that are seen as business critical (such as marketing) or in which stakeholders enjoy long-lasting supplier relationships (such as professional services). Markets are complex and the internal landscape is elaborate.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Planergy

MARCH 19, 2025

How AP can improve relationships with your key suppliers. Effective supplier management is essential for educational institutions. Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. What is Supplier Management?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

ivalua

NOVEMBER 28, 2022

“These findings lay bare the significant toll of supply chain disruption on UK businesses,” comments Alex Saric, smart procurement expert at Ivalua. Supply continuity has been left on life support after repeated blockages and restarts, resulting in supplier failure and organisations struggling to onboard new suppliers to kick-start supply.

Agile and Lean Supply Chain 279

Agile and Lean Supply Chain Supply chain Supply Spend management 279

RPF360

AUGUST 25, 2022

How do you measure the success of your procurement team? Procurement KPIs quantify, capture and report the efficiency and effectiveness of the department. Explore cost, operational, supplier and individual KPIs. The post Procurement KPIs: How to quantify value and measure success appeared first on RFP360.

Procurement 201

Procurement Procurement team Suppliers 201

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Procurement Tactics

AUGUST 24, 2022

Supplier Networks — The Ultimate Guide of 2022. Supplier networks are important in the procurement industry to find your preferred supplier. In this article, we will discuss what supplier networks are. After this article, you will have an insight into what supplier networks are. Download Free PDF.

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Procurement Software

MARCH 16, 2025

Digital procurement tools centralise procurement data in one app – or maybe several apps that all talk to one another – ensuring accuracy and real-time updates. This makes it easier to track spending patterns, supplier performance, ESG data, and contract compliance.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Leaders

DECEMBER 9, 2022

Here, CPO Eric Espinasse describes some of the strategies he has employed to manage the market volatility, from building up inventory to advanced segmentation and closer supplier relationships. PL: Could you share a little bit about your procurement team structure, its strengths and the challenges you face at Ferring?

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

Procurement Heads

NOVEMBER 14, 2022

The importance of the procurement team is more clearly recognised in some organisations and less so in others. Get an understanding of the perception of procurement and its engagement throughout the business. Remember to be flexible and open-minded in the early stages in order to maximise your plan so you don’t hit roadblocks.

Procurement 245

Procurement Procurement team Budget Import 245

Procurement Insights

FEBRUARY 18, 2025

If procurement teams use inconsistent, siloed, or outdated data , AI-powered solutions will produce unreliable insights. Example: A company using spreadsheets, duplicate supplier records, and inaccurate spend data will struggle to implement AI-driven spend analytics effectively.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Its real-time insights allow procurement teams to respond swiftly and effectively to changing market conditions and component availability.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Arkestro

DECEMBER 26, 2024

Procurement teams are already using AI-powered tools to analyze vast amounts of data to identify patterns, predict trends, and recommend actions. By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. trillion , a 9.3%

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Procurement Leaders

DECEMBER 9, 2022

Here, we talk to Luigi Ganazzoli, vice president of purchasing, about some of those challenges and what he and his team are doing to mitigate them. PL: Could you share a little bit of insight about your procurement team structure, strengths and challenges? What methods are you using to ensure security of supply?

Risk 130

Risk Suppliers Risk management Buyers 130

Spend Matters

FEBRUARY 26, 2025

The Spend Matters team attended the SOVRA Summit on February 19, and let us tell you that getting downtown in sub-zero weather in Chicago is a summit in itself. Despite the cold weather, the room was filled with passionate public procurement practitioners and suppliers who were eager to chat and learn.

Procurement 116

Procurement Bidding Contract management Data 116