Remove supply chain budgeting Remove supply chain software solutions Remove Supply market
article thumbnail

Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . As operating budgets tighten, restrictive spending will pressure businesses to focus on savings and creative alternatives. . The Criticality of the Supply Chain (and Suppliers).

article thumbnail

Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category Management Software What is Category Management in Procurement? Steps to Keep in Mind when Implementing a Category Management Strategy Know your supply market and product positioning to leverage spending and create opportunities. Use appropriate technology to manage the categories.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

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.

Sourcing 130
article thumbnail

Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

Although this is still an important part of their job, strictly working with low-cost suppliers isn’t always the best way to manage spending. Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence.

article thumbnail

Supplier Development: What It Is, And How To Manage It

Planergy

Supplier development is an important part of a company’s overall supply chain management strategy and is essential for ensuring that the right suppliers are selected to deliver quality products and services. The goal of these teams is to work with suppliers to identify ways to reduce costs and improve quality.

article thumbnail

SAP Spend Connect – See the bigger picture

Spend Matters

Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making. Finally, we would still like to see a common knowledge graph ‘backplane’ to model n-tier supply chains that ties the various networks (and applications) together better.

article thumbnail

Managed Procurement Services: A Strategic Approach to Cost Reduction

Empowering CPO

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.