Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. The best opportunities now lie in tail spend management. This is usually areas of indirect spend which have previously been relatively unexplored. What is tail spend?

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Supply Chain Brain

APRIL 11, 2023

Proper visibility and digitization of the back office can prevent budget cutbacks and layoffs.

Spend management 52

Spend management Budget Management 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

Supply Chain Brain

AUGUST 14, 2019

For private colleges and universities, spend-management offerings can prove to be a valuable asset in the struggle to manage tight budgets.

Spend management 45

Spend management Management Budget 45

ivalua

JULY 10, 2019

Best practice supply chain & procurement capabilities now available for rapid deployment to manufacturers. Redwood City, CA July 10, 2019 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged suite of solutions for manufacturers.

supply chain budgeting 113

supply chain budgeting Agile and Lean Supply Chain Bill of materials Supply Chain Efficiency 113

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. You may ask yourself, why is closed loop spend management being brought up? Allocate budgets that reflect potential social and environmental impacts and levers.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Tactics

JULY 2, 2023

Budget Control When it comes to maintaining budgetary control throughout the entire procurement process, job orders are crucial. Managers and businesses may be able to monitor their expenditures in comparison with the approved and allocated budget by indicating expected costs and financial parameters in a job order.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Barkers Procurement

JUNE 21, 2023

The concept of an overarching Business Spend Management platform (BSM) is a relatively new and compelling concept, championed by our partners at Coupa, and is just as strategically important as your ERP, MRP or CRM systems. Furthermore, electronic invoicing maximises automation and reduces costly manual effort.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Budget Procurement team 52

ivalua

JUNE 14, 2023

Ivalua Spend Management Insights [ivory-search] Get Ready for Success! Gartner, 4 Workstreams for Successful Implementation of Any Procurement Application Vishal Patel VP Product Marketing Vishal has spent the last 1​5​ years in various roles within the Procurement and Supply Chain technology market.

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

ivalua

MARCH 11, 2020

Ikea is a leader with plans to ensure a sustainable supply chain. Many changes can reduce costs or reduce risk at the same time as delivering improved CSR. Digitization of Procurement and supply chain is an area that is ripe for incrementalism. This is a shame not just for the social benefit.

supply chain budgeting 130

supply chain budgeting Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Here we’ll discuss various potential supply chain disruptions and what you can do to mitigate the risks to keep your business up and running throughout whatever circumstances are thrown your way.

Risk 52

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

ivalua

JUNE 28, 2021

Financial impact of COVID-19 has delayed payments and kept focus on cost, but research shows this is adversely affecting supplier relationships and access to innovation. The findings show late payments are having a knock-on effect across the supply chain. Ivalua is a leading provider of cloud based Spend Management solutions.

Risk 130

Risk Suppliers supply chain budgeting Innovation 130

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

ivalua

MARCH 17, 2021

Office of Management and Budget (OMB) estimates federal grants to states and local governments in FY2019 totaled nearly three quarters of a trillion dollars. To put that in perspective, the US GDP that year was just over $21 trillion and federal spend was $4.4 trillion, making grants roughly 17% of the total federal budget. .

Supply Chain Efficiency 130

Supply Chain Efficiency Management supply chain budgeting Budget 130

NLPA (Next Level Purchasing Association)

JULY 20, 2023

The Impact on Procurement & Purchasing Teams Managing spend has a direct impact on the success of Procurement & Purchasing Teams. Resource Allocation: By strategically managing spend, teams can allocate resources in a way that aligns with the organization’s objectives and priorities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

Let's Talk Supply Chain

JANUARY 11, 2023

The Nipendo platform is used by cross-vertical medium-sized and large companies across the globe, helping them reduce costs and improve procurement and supply chain efficiencies, as well as supporting their competitive strength. 10.34] An overview of Nipendo – what they do and how they help their customers.

Buyers 52

Buyers Suppliers supply chain budgeting supply chain software solutions 52

ivalua

JULY 16, 2020

A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices. 16th July 2020, London – Research from Ivalua, a leading provider of spend management cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic.

Sustainability 130

Sustainability Real-time Visibility supply chain budgeting Supply chain 130

ivalua

SEPTEMBER 2, 2020

Redwood City, CA September 2, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged procurement suite for construction and engineering companies. Real time cost value reconciliation ensuring on budget delivery.

Spend management 26

Spend management Agile and Lean Supply Chain Real-time Visibility Management 26

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?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Procurify

AUGUST 11, 2022

While dealing with the ongoing inflation, companies must navigate supply chain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. Where you can, reduce business expenses such as the lease of your office space. Sell smarter. Improve your resilience.

supply chain budgeting 52

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

Spend Matters

DECEMBER 11, 2023

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from: Donna Wilczek, EVP Strategy and Innovation at Coupa , spend management suite provider and one of Spend Matters 50 Procurement Providers to Know.

Procurement solutions 77

Procurement solutions supply chain budgeting Procurement Supply Chain Optimization 77

ivalua

SEPTEMBER 28, 2020

It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. When this started for me, I’d hoped that after twenty years of evolution, AP would be touchless, compliant and low cost. Is there a budget and contract (the purchase order is a contract) for these items?

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

The Procuretech Podcast

JUNE 11, 2024

Highlighting 25 innovative US-based procurement startups, the episode provides valuable insights into emerging players who don't necessarily have the marketing presence and events budget of larger companies. Tune in to discover how these startups are shaping the future of digital procurement.

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Supply Chain Visibility 40

Planergy

MARCH 2, 2023

Tail spend analysis helps companies identify areas of spend that are falling through the cracks, allowing them to make more informed decisions and achieve greater savings. Introduction To Tail Spend Analysis Tail spend analysis examines a company’s spending patterns and identifies opportunities to reduce costs and improve efficiency.

supply chain budgeting 52

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

ivalua

AUGUST 29, 2019

Purchasing (45%), invoicing (41%) and budget management (39%) are the most digitised processes to date. Full digital transformation remains a long way off for most Procurement and supply chain organisations. 67% of respondents say it is limiting their ability to gain insights into spend and supplier management. “The

Procurement 164

Procurement supply chain budgeting Procurement team Supply chain 164

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

The Procuretech Podcast

JUNE 18, 2024

Highlighting 25 innovative European-based procurement startups, the episode provides valuable insights into emerging players who don't necessarily have the marketing presence and events budget of larger companies. TrueLedger manages real-time contract evaluation and management for professional services.

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Supply chain resilience 40

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Ensuring supply continuity requires timely and open sharing of information.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Collaboration Supply Chain Efficiency 130

Procurement Insights

DECEMBER 6, 2023

” Here is the first post on Zycus – “ Doing What Comes Naturally: Accessing Zycus Spend Management Innovation Through A Simplified and Practical User Interface (Zycus Inc. Ensuring they are best placed to reduce costs, manage risk and increase their efficiency, helping to maximise margins.”

Raw materials 72

Raw materials Price supply chain budgeting Supply Chain Efficiency 72

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

Case Studies in Action Walmart’s Transformation : Walmart leveraged its procurement strategy for cost savings and supply chain efficiency. Johnson & Johnson’s Innovation Focus : Johnson & Johnson used technology and strong contract management in their procurement strategy.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

Pipefy

JANUARY 30, 2024

Procurement technology landscape Procurement technology is primarily designed to simplify procurement processes and reduce costs, but it’s grown to offer so many more benefits than that, with the greatest one being transforming procurement into a source of reliable strategic influence. Contract and compliance management.

Agile and Lean Supply Chain 52

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

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Skill Dynamics

JULY 19, 2024

The Foundation of a Successful Procurement Strategy To put it simply, a procurement strategy is a plan that outlines how an organization optimizes its external spending, manages its various supplier relationships, and maintains streamlined internal processes to support cost-effectiveness and generate efficiency.

Procurement strategies 52

Procurement strategies Strategy Procurement supply chain budgeting 52

HICX

SEPTEMBER 16, 2024

According to the Logistics Bureau , strategically reducing supply chain costs can substantially boost net profits, while the scope for potential reductions remains wide open. This is especially the case as supply chains become increasingly complex and digitalized.

Suppliers 52

Suppliers Management Supply Chain Efficiency supply chain software solutions 52

Spend Matters

NOVEMBER 2, 2023

Travel and Expense management leveraging SAP Concur is an easy plug in for travel spend management and all spend flowing through expense reporting. baking in benchmarking opportunity analytics more deeply and formally into the analytics, sourcing and category management applications).

Networking 91

Networking Spend management Suppliers Supply Chain Optimization 91

ivalua

APRIL 28, 2023

Ivalua Spend Management Insights [ivory-search] Payment Cards FAQ: More Cash Rewards, Less Effort April 28, 2023 | | Innovation by Steve Carter Unlock your Payment Solution Organizations are rethinking their traditional payment methods as they seek to maximize savings while securely streamlining the invoicing process.

Innovation 130

Innovation Purchasing supply chain budgeting Contract 130

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. Reducing suppliers also helps mitigate risk throughout the supply chain.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105