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

ivalua

DECEMBER 7, 2022

Bol.com was in search of a solution to digitalize its indirect S2C cycle to support its business colleagues with efficient and robust sourcing and contract management processes. The post <strong>Bol.com Selects Ivalua to Digitalize Strategic Source-to-Contract</strong> appeared first on Ivalua.

Strategic Sourcing 52

Strategic Sourcing Retail E-procurement Contract 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

According to the panelists, there are some key features and functionality that make best-in-class supply chain solutions a better choice for healthcare organizations: Guided procure-to-pay compliance: The concept of compliant purchasing in healthcare encompases the front-end user experience. Efficient warehouse management.

Supply Chain 88

Supply Chain Management Total Cost of Ownership Warehouse 88

Tracker Intelligence

NOVEMBER 20, 2024

Prescriptive Analytics: Suggests optimal procurement strategies, for example, automating procure-to-pay processes or improving contract management protocols to offer strategic guidance. Prior purchase data is also used for demand forecasting improving resource management and operational efficiency.

Efficiency 52

Efficiency Procurement Data Supply Chain 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

ivalua

AUGUST 17, 2021

An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52