Precoro

JULY 4, 2025

The difference between sole source vs. single source is on the surface. In single sourcing, your company selects a single supplier exclusively , even though there are other capable suppliers on the market. In sole sourcing, you don’t have a choice —only one supplier can provide what you need. The reason?

Purchasing Skills

Logistics Viewpoints

MARCH 17, 2025

A data fabric does not store data itself; it connects and provides access to data from diverse sources without physically moving or duplicating it. It accesses, transforms, and harmonizes data from multiple sources to make it usable and actionable for various business use cases. This is an impressive feat that sounds almost magical.

SAP

E2open

MARCH 26, 2025

New AI capabilities and enhancements to proven global trade software help streamline classifications, global trade content, due diligence, and unstructured document processing DALLAS – March 26, 2025 – E2open Parent Holdings, Inc.

Supply Chain Design Software

ivalua

JULY 1, 2025

Segmentation enables differentiated supplier management strategies , such as focusing risk mitigation efforts on sole-source vendors or negotiating long-term value with strategic suppliers. Centralizing data enables better sourcing decisions and improves collaboration across procurement, legal, and business other units.

Material Savings

Logistics Viewpoints

APRIL 14, 2025

From sourcing and bid evaluation to warehouse slotting and dynamic routing, AI tools support faster and more consistent outcomes by processing large volumes of operational data and identifying patterns that human decision-makers may overlook. Integration allows seamless transitions from data insights to purchase approvals and execution.

Optimal Sourcing

ivalua

MAY 10, 2025

This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. What Is Procurement Technology?

Procurement Solutions

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.

Optimal Sourcing

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.

Optimal Sourcing

ivalua

JULY 1, 2025

Segmentation enables differentiated supplier management strategies , such as focusing risk mitigation efforts on sole-source vendors or negotiating long-term value with strategic suppliers. Centralizing data enables better sourcing decisions and improves collaboration across procurement, legal, and business other units.

Material Savings

Supply Chain Game Changer

JULY 15, 2025

Oil and gas production is more than just an energy source—it is the backbone of modern industrial progress and global trade. In today’s competitive market, every drop of efficiency in extraction and logistics fuels innovation across supply chains, ensuring that products reach consumers faster and at lower costs.

Sourcing Strategies

ivalua

JUNE 3, 2025

Ivalua commissioned Forrester Consulting to conduct a Total Economic Impact (TEI) study , offering key insights into how companies can unlock substantial financial benefits and operational improvements by adopting Ivalua’s unified Source-to-Pay (S2P) platform. 393% ROI from process automation, better visibility, and replacing old systems.

Vendor Strategies

ivalua

JUNE 5, 2025

Procurement is the strategic, big-picture approach to sourcing and supplier relationship management, while purchasing is the tactical execution of those plans. Procurement is the end-to-end process of identifying business needs, sourcing goods and services, negotiating contracts, and managing supplier relationships over time.

Procurement Solutions

ivalua

MAY 29, 2025

At a high level, procurement focuses on sourcing the goods and services an organization needs, while supply chain management oversees the broader flow of those goods, from raw materials to end customers. Supply Chain Management (SCM) involves orchestrating a product’s or service’s entire lifecycle, from sourcing and production to delivery.

Procurement Solutions

RFgen

DECEMBER 4, 2024

Meanwhile, tech companies are capitalizing on streamlined processes to bring innovative products to market at unprecedented speeds. Procurement Practices: Strategic sourcing and supplier relationship management can lead to cost savings and improved reliability. This post delves into the core drivers of supply chain efficiency.

Sourcing Strategies

ivalua

MAY 21, 2025

Digital procurement streamlines workflows and unifies data, enabling faster sourcing, better collaboration, and improved accuracy. Digital procurement is the use of digital technologies to enhance, automate, and optimize procurement processes across the entire source-to-pay (S2P) lifecycle.

Optimal Sourcing

Arena Solutions

MAY 13, 2025

The goal of the battery passport is to support the sustainable and circular management of batteries by providing a digital infrastructure for documentation and exchange of valuable business and sustainability information. Mapping provides a 360 view of the supply chain and system interoperability.

Supply Chain Design Software

Arena Solutions

JULY 10, 2025

This includes modular designs, flexible manufacturing processes, and interchangeable components that reduce dependency on single sources. Cost Optimization Strategic cost management—such as renegotiating contracts, optimizing logistics, and leveraging economies of scale—can free up resources to invest in risk mitigation and innovation.

Inventory Reduction

Precoro

DECEMBER 24, 2024

Unlike traditional tools that often operate in isolation or rely on rigid workflows, AI connects the dots between disparate data sources, providing a more comprehensive view of procurement activities. For example, NLP can automate contract reviews, identifying key clauses, deadlines, and potential risks within legal documents.

Price Reduction

Jaggaer

OCTOBER 24, 2024

Their responsibilities focus on going beyond cost reduction and achieving broader business goals such as growth, innovation, and customer satisfaction. This might involve collaborating on capacity planning, logistics optimization, and exploring new sourcing opportunities that align with your expansion strategy.

Optimal Sourcing

Arena Solutions

NOVEMBER 12, 2024

Aligning PLM with your business strategy offers numerous benefits—from innovating next-generation products to faster time to market, to synchronizing with global environmental initiatives. A powerful convergence that blends business with PLM The market remains competitive for companies to innovate and develop quality products.

Waste Reduction

Jaggaer

OCTOBER 24, 2024

Here are key strategies to take you there: Utilizing technology platforms : Next-generation source-to-pay (S2P) platforms should offer integrated—not isolated or siloed—supplier management capabilities to make supplier information available across all business functions.

Negotiate Pricing

SCMDOJO

JUNE 11, 2025

Cloud Collaboration Optimization Shared cloud folders for document centralization Document collaborative editing in real time Access control. User rights management The use of shared cloud folders for document centralization At the center of any supply chain strategic plan is fast, transparent, and controlled communication.

Supply Chain Planning Software

Arena Solutions

MAY 20, 2025

AVOIDING SOCIAL COLLABORATION PITFALLS IN PRODUCT DEVELOPMENT One major limitation of collaboration apps for product development communication is their lack of integration with the product record, which encompasses parts, bills of materials (BOMs), drawings, specifications, supplier lists, and quality documentation.

Supply Chain Design Software

Jaggaer

DECEMBER 12, 2024

enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 release includes improvements for Source-to-Contract (S2C).

Optimal Sourcing

Jaggaer

APRIL 9, 2025

A manufacturing execution system (MES) is a comprehensive, dynamic software system that monitors, tracks, documents, and controls the process of manufacturing goodsfrom raw materials to finished products. The need to innovate, automate and contain costs calls for optimum performance across the manufacturing value chain.

Manufacturing Procurement

Exiger Perspectives

FEBRUARY 5, 2025

Exigers platform offers a risk-illuminated knowledge graph, leveraging proprietary and open-source data to map supplier networks down to the raw material level. Governments worldwide are taking decisive action, enacting stringent regulations against forced labor that mandate corporate accountability and ethical sourcing.

Supply Chain Planning Software

Supply Chain Game Changer

JULY 19, 2025

Innovation is exciting, but it often comes with long lead times. Strategic sourcing, supplier collaboration, and bulk purchasing agreements can help optimize both cost efficiency and quality. Working with multiple suppliers across different regions reduces dependency on any single source, mitigating risks. Diversification.

Optimal Sourcing

IQMS

MAY 22, 2023

Blockchain technology is then used to securely document the asset’s history as it happens. This synergy will spur innovation and make manufacturing smarter, more connected, and more profitable.

Optimal Sourcing

RFgen

DECEMBER 19, 2024

Documentation and Compliance: Larger-scale operations require more complex documentation and compliance procedures. Mitigate disruptions by diversifying procurement channels through a multi-sourcing strategy. Implement just-in-time inventory practices to reduce carrying costs while maintaining a consistent flow of materials.

Material Savings

Supply Chain Brain

JULY 24, 2025

AI-driven tools will be used to more quickly and accurately search documents and databases. For supply chains, AI offers new paradigms and approaches, delivering streamlined processes and results that are unprecedented. The technology reduces risks, operational errors, delays and waste, while simultaneously improving the customer journey.

Supply Chain Planning Software

Jaggaer

APRIL 9, 2025

Additionally, AI can detect potential supply chain risks, such as delayed shipments or geopolitical disruptions, and recommend alternative sourcing strategies to maintain production continuity. AI also streamlines procurement by automating supplier onboarding, document validation, and invoice-to-purchase order matching.

Material Savings

Precoro

MAY 19, 2025

These rules often seem restrictive, forcing procurement teams to choose compliance over flexibility and innovation. Recent policies cover sustainable and ethical efforts, such as sustainable sourcing , diversity initiatives, and environmental impact. Consistent documentation is your main proof of purchasing compliance.

Procurement Analytics

Arena Solutions

FEBRUARY 20, 2025

The role of PLM in battery innovation To meet the battery attribute requirements, businesses are using product lifecycle management (PLM) to design innovative products, promote component reuse, reduce waste at the manufacturing stages, and manage DPP compliance. Sources Cited [link] [link] billion by 2030.

Industry

Jaggaer

MAY 8, 2025

How good is the quality of your design documents? If you have adopted a logistics sourcing strategy based on lowest cost, you will in all probability be one of the worst affected by the bullwhip effect when things get tight. We can creatively reshape categories, reframe make-versus-buy decisions, or co-innovate with suppliers.

Optimal Sourcing

AFFLINK

FEBRUARY 27, 2025

The traditional supplier onboarding processcollecting documents, verifying credentials, and ensuring compliancecan be time-consuming and prone to errors. Automation consolidates all supplier information into a single source of truth, making it accessible to your entire team.

Supply Chain Software

Precoro

JUNE 3, 2025

Therefore, traditional sourcing is often reactive: a procurement manager reviews a purchase request , finds a supplier, negotiates terms, and moves on. Then, create and carry out a specific category strategy through sourcing and contract management. Procurement should act as a translator between business needs and sourcing options.

Manufacturing Procurement

Precoro

MAY 13, 2025

It also opens up time that can be redirected toward growing production or uncovering new revenue sources. Near-sourcing cuts carbon emissions, and waste-minimizing material strategies increase asset value. Drive innovation and value growth The ultimate goal of any business is to provide value for the consumer.

Sourcing Strategies