American City & Country

NOVEMBER 18, 2024

Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing.

Purchasing 58

Purchasing Procurement Supplier Supply Chain 58

Tracker Intelligence

NOVEMBER 20, 2024

Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and risk management. What is Data Analytics in Procurement? contract compliance, procurement cycle efficiency).

Efficiency 52

Efficiency Data Procurement Supply Chain 52

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Supplier 52

Supplier Integration Integrity Retail 52

Bonfire

APRIL 3, 2023

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.

Eprocurement 52

Eprocurement Strategic Sourcing Supplier Bidding 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. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

Supply Chain 88

Supply Chain Management Total Cost of Ownership Warehouse 88

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. . What is Indirect Procurement?

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

ivalua

MARCH 14, 2019

But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in.

Procurement 40

Procurement IT Purchasing Supply Chain 40