Spend Matters

OCTOBER 31, 2024

“Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supply chain industry practitioners. The solution is self-learning and calibrates to the customer’s supply chain needs.” Doing this manually takes a significant amount of effort and time, but still yields inadequate results.

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Planergy

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier Consolidation: What It Is, Benefits, and Risks. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. But what exactly is supplier consolidation?

Supplier consolidation 52

Supplier consolidation Suppliers Risk supply chain budgeting 52

Procurement Insights

MARCH 23, 2025

The company likely has multiple facilities, a global supply chain, and sustainability priorities (e.g., Savings Potential: 5-10% via automation and strategic sourcing. Reason: High spend and supplier diversity offer substantial savings, critical for production uptime. Office Supplies and Equipment: 5% ($3.75

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

World of Procurement blog

MAY 8, 2024

Developing a Strategic Procurement Plan A detailed 3-5 year strategic plan turns the strategy into an actionable roadmap. The plan defines activities like category analysis, supplier consolidation, technology implementation, process re-engineering, skill building etc. Dual sourcing and supply chain digitization can help.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

MAY 8, 2024

By examining past purchases, spend analysis helps identify high spending areas, categorize suppliers, and uncover hidden costs. This data can then be used to negotiate better deals with suppliers, consolidate purchases, and streamline procurement processes. While valuable, past trends can’t always predict the future.

Real-time Visibility 52

Real-time Visibility Supplier consolidation Suppliers supply chain software solutions 52

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation, strategic sourcing , and standardization. Email Address.

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

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 data-driven approach takes much of the guesswork out of supplier selection.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52