Procurement’s Role in Reducing Emissions and Promoting Sustainability
As procurement’s role in increasing organizational sustainability efforts – particularly around emissions reduction – grows in scope and impact, the pressure to act and a sense of urgency from the...
View ArticleProcurement Automation: The What, Why and How
Imagine transforming the most cumbersome and error-prone aspects of your business into a streamlined, efficient process that not only saves time and money but also empowers your team to focus on what...
View ArticleVendor Management in the Digital Age: Embracing Automation and AI
No organization is immune to challenges in supplier management. The Hackett Group’s Third-party Risk Management (TPRM) Performance study details the critical risk factors in both manufacturing and...
View ArticleProcurement Transformation Roadmap: Driving Greater Productivity Through...
Introduction Procurement transformation has emerged as a critical initiative for organizations seeking to stay competitive and adapt to changing market dynamics. At its core, digital procurement...
View Article2024 Ivalua NOW Versailles: Recap + Photos!
2024 Ivalua NOW EMEA and the historic splendor of Versailles did not disappoint! Record Breaking! 2024 saw our largest attendee list yet! 850 in-person attendees 600 virtual attendees Ivalua NOW...
View Article5 Reasons to Attend 2024 Ivalua NOW Miami – Procurement RE[Imagined]
Sun, Fun, and a little Procurement Innovation too! We are thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Miami! This year, our team invites you to join us...
View ArticleSupplier Lifecycle Management (SLM) Explained: From Onboarding to Collaboration
Supplier Lifecycle Management (SLM) is the holistic process of managing supplier interactions and relationships from inception to conclusion. It spans the complete spectrum of engagement, starting...
View ArticleMaximizing Cost Savings: The Importance of Spend Analysis in Procurement
Spend analysis is a process used by organizations to understand and manage their spending effectively. It involves collecting and analyzing expenditure data to identify cost-saving opportunities,...
View ArticleProtected: Sourcing vs. Procurement: A Comprehensive Analysis of Supplier...
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View ArticleOptimizing Your Procurement Process: Best Practices, Technologies &...
Introduction In today’s business landscape, the success of an organization is defined by its efficiency and strategic edge. Within this context, the procurement function plays a crucial role in...
View ArticleCreating a Circular Economy: Solutions for a Sustainable Supply Chain
Creating a Circular Economy: Solutions for a Sustainable Supply Chain As organizations worldwide grapple with the challenges of climate change, resource scarcity, and social responsibility,...
View ArticleSupplier Enablement: How to Empower Suppliers for Mutual Growth
Introduction In today’s interconnected, global economy, supply chains can be described in a multitude of ways: dynamic, complex, chaotic. As a result, effective supply chain management and strong...
View ArticleTransforming Procurement with Generative AI: A Practical Approach
Generative AI, also known as Gen AI, has quickly gained widespread attention, influencing every industry and function within organizations. Today, we are here to discuss the significance of generative...
View ArticleNavigating the Future of Procurement
The Future of Procurement: Digital Transformation and Strategic Imperatives by 2027 In an era where economic volatility, geopolitical unrest, and environmental concerns are reshaping the business...
View ArticleDirect vs Indirect Procurement: A Comprehensive Guide
Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs...
View ArticleSustainable Sourcing: Procurement’s Role For a Sustainable Future
In today’s evolving business environment, sustainable sourcing has emerged as a critical element, underpinning the success and ethical standing of organizations worldwide. Heightened awareness of...
View Article2024 Ivalua NOW Miami-Recap + Photos!
Ivalua NOW Miami 2024 wasn’t just a procurement event—it was a transformative experience that forged unforgettable memories in the vibrant heart of Miami! This year, we took to our theme to highlight...
View ArticleSupply Chain Collaboration: Strategies for Effective Supplier Partnerships
Supply chain collaboration is the cornerstone of modern business operations, facilitating seamless coordination and communication among various stakeholders involved in the production, distribution...
View ArticleWhat is E-Invoicing? Procurement’s Guide to Electronic Invoicing
Electronic invoicing, also known as e-invoicing is revolutionizing business operations by allowing companies to send and receive invoices digitally, facilitating faster processing, cost reduction, and...
View ArticleWhat is Category Management in Procurement?
Unlocking efficiency and agility in procurement processes is paramount for organizations seeking to maintain a competitive edge in today’s fast-paced business landscape – and one way to do that is by...
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