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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

” – Vendor Manager | ONE AMERICAN BANK Use Data and Analytics to Make Informed Decisions Modern procurement relies heavily on data. Spend analysis, supplier performance data, and market trends can help you identify inefficiencies and opportunities for savings. ’ and this is the way to get those.”

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10 Things Your ERP Can’t Do (And Why You Need an eProcurement Solution)

Bonfire

Contract management frustration: ERP systems might have basic contract management capabilities, but they can’t handle the whole contract lifecycle, from creation to execution and renewal. Procurement software offers a one-stop solution that covers the whole range of contract management challenges.

professionals

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Contract Data Management With AI

ivalua

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. The data in this case is text from natural language , which is rarely structured data.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

S2P and Mitigating Effects of Inflation One way of mitigating these effects is through S2P solutions – providing visibility into a company’s spend data across all categories of spend and help identify opportunities for cost savings through better supplier management techniques.

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The Opportunity — and Challenges — for Digital Transformation in MENA

ivalua

Enter eProcurement. As MENA organizations continue to move aggressively toward digital transformation, many are adopting eProcurement platforms, to digitize and automate routine, time-consuming tasks throughout the source-to-pay process. Additionally, laws governing data usage remain ambiguous in the region.

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A New Era of Procurement in Europe: Time for Bold Change

Open Contracting Partnership

We have the widespread roll out of Europe’s new e-forms, the launch of the Public Procurement Data Space , and a review of the Open Data Directive to include – hopefully – procurement as a high-value dataset across Europe. Data-powered red flags strengthen efforts to fight corruption.

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Lessons from the Latest Forrester Wave Reports

ivalua

The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). In the Forrester reports, Ivalua and Coupa appear as leaders in both the S2C and eprocurement Wave reports.