Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

ivalua

JUNE 29, 2020

I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Across this supply chain there is typically a lack of visibility due to siloed information and data.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Jaggaer

FEBRUARY 28, 2025

Generating More Value: The Relentless Pursuit of Spend Cost Reduction For the second year running, reducing supplier spend remains a top priority for procurement organizations in this years Hackett Group Report. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. ERPs tend to be built for the back office, so they lack the consumer-like user experience that leads to high user adoption among suppliers.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Insights

APRIL 2, 2025

AdaptOne Overview: A supplier management platform focused on diversity, risk, and compliance, often integrated with S2P suites like Coupa or SAP Ariba. Unique Benefits: Supplier Diversity and ESG: Tracks and promotes diverse suppliers (e.g., Unique Benefits: Supplier Diversity and ESG: Tracks and promotes diverse suppliers (e.g.,

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement solutions Supply Chain Efficiency Procurement 52

Una

AUGUST 17, 2022

The figure’s head represents the top 1% of strategic suppliers to your organization. This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

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. Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures.

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Strategic sourcing Strategic sourcing Sustainability Sourcing 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives.

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Sourcing Strategy Supply Chain Efficiency e2e 94

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

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.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Procurement Insights

MARCH 17, 2025

Anyone who has followed the Procurement Insights blog for any length of time knows I love to ask questions and am voracious about gaining new insights. Core Offering : Tracks commodity prices, production costs, and market trends to arm procurement teams with data for better supplier negotiations. large enterprises, strategic sourcing).

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

ivalua

MARCH 15, 2016

He said he had seen it all in supply base management and had experienced the feeling of victory leaving plenty of blood on the floor in negotiating with suppliers in his day. He talked about how that experience with power was a real high at times. In essence, his point was that supplier collaboration is not altruistic.

Real-time Visibility 100

Real-time Visibility Supply Chain Efficiency Suppliers Collaboration 100

Procurement Insights

APRIL 1, 2025

Unlike end-to-end Source-to-Pay (S2P) platforms (e.g., sourcing, supplier management, invoicing). AdaptOne for supplier onboarding, GEP for strategic sourcing) rather than purchasing a comprehensive S2P suite with unused features (e.g., ESG tracking, dynamic discounting). unused tariff tools post-2024).

e2e 52

e2e Real-time Visibility Sourcing Strategic sourcing 52

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? Spend analysis is the catalyst for strategic sourcing.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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. These indices track the average price changes of a basket of goods and services over time. Supplier relationships: Building strong relationships with suppliers is crucial.

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Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Supply Chain Game Changer

AUGUST 24, 2021

Leveraging relevant technology in the supply chain from the moment your suppliers bring in raw materials, during storage of the materials and manufactured products in the warehouse, and distribution of products to the final consumer can increase efficiency, boost production, reduce time wastage and improve business revenues.

Supply Chain Optimization 119

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 119

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.

supply chain software solutions 52

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

Una

AUGUST 30, 2022

Modern sourcing experts are more likely to point to Cloud-based , end-to-end procurement platforms, while those on the leading edge will list all sorts of disruptive technologies ranging from predictive AI to machine-learning enabled chatbots, IoT wearables, and more. How to Improve Strategic Supplier Relationship Management.

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Procurement e2e Supplier relationship management Real-time Visibility 98

Procurement Express

DECEMBER 31, 2024

Procurement managers are pros when it comes to negotiating deals down to the penny, working closely with suppliers to secure terms that place them at a strategic advantage. 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.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Spend Matters

JUNE 20, 2023

As the risks that trigger supply disruptions, regulatory non-compliance and missed corporate objectives continue to gain visibility, an ‘eyes wide open’ attitude towards supplier risk assessment and mitigation strategies has become imperative to improve operational resilience. And so it should.

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

Procurement Insights

APRIL 3, 2025

Emphasizes cross-industry collaboration , with themes like AI, sustainability, and supplier diversity. Global Reach, Real Impact Participants and speakers come from over 50 countries. Thought Leadership Consistently pushes the conversation forward from autonomous sourcing to orchestration platforms. High-profile speakers (e.g.,

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Procurement Leaders

JUNE 1, 2022

Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. This team has 200 members, although some of these are focused specifically on systems and data, and source-to-pay modernisation programme and transactional purchasing.

Procurement 130

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Jaggaer

JULY 7, 2020

Over time, this engagement has expanded globally and is still focused on one of the most testing categories of sourcing and contract management within procurement: transport and logistics. In 2019 the company decided to embark on a project to implement global dashboards for sourcing and contracting events. The Challenge.

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

Arkestro

JULY 11, 2022

As part of Box’s continuous advocacy towards ESG and Supplier Diversity, previous visibility into their supplier diversity spending was limited. Supplier Diversity — Procurement’s Crucial Key Performance Indicator . More potential suppliers means a decrease in cost and better products. . Until now. .

Suppliers 52

Suppliers Real-time Visibility Procurement Supply Chain Efficiency 52

Procurement Software

MAY 16, 2023

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. Additionally, the platform provides real-time analytics and reports, allowing users to gain valuable insights into their procurement operations.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Supplier ESG analytics.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. Supplier ESG analytics.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

HICX

AUGUST 4, 2022

The era of Supplier Experience is here. Accelerated by recent global events and propelled by today’s need to fundamentally change the way in which organizations interact with their suppliers, there is a realization in the industry that the enterprise-supplier relationship cannot be treated as a zero-sum game.

Suppliers 52

Suppliers e2e Real-time Visibility Collaboration 52

World of Procurement blog

MAY 10, 2024

Conducting market research : AI can scan the web to collect pricing information, identify potential suppliers, assess supplier reputations, and keep up-to-date with market and industry trends. This supports strategic sourcing efforts. This maximizes value from sourcing partnerships.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Una

JULY 25, 2023

7 Supplier KPIs You Should Be Monitoring What are supplier KPIs? 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. Every free resource is dedicated to empowering procurement to save more money, time, and effort.

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Strategic sourcing Strategic sourcing Procurement Category management 52

Jaggaer

SEPTEMBER 22, 2020

Using real-time data and analytics will give you the insight you need you to save money and gain efficiency. It is used to visualize all of your data so you can make better sourcing and supplier decisions. Additionally, it can also lead to improving compliance, reducing cycle times, and uncovering maverick spend.

Real-time Visibility 52

Real-time Visibility Strategic sourcing Strategic sourcing Data 52

Una

SEPTEMBER 22, 2022

Factors to consider when purchasing IT range from supplier reputation and cost to support, reliability, fit-for purpose, and, most importantly, data. It’s impossible to have the most current or newest application implemented at all times. Focus on data. Be the liaison between different teams. IT Procurement Best Practices.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. This technology helps identify bottlenecks, optimize inventory levels, and improve supplier relationships. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. This technology helps identify bottlenecks, optimize inventory levels, and improve supplier relationships. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

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