ivalua

JUNE 5, 2025

Procurement is the end-to-end process of identifying business needs, sourcing goods and services, negotiating contracts, and managing supplier relationships over time. It begins once a supplier has been selected and pricing has been agreed upon. What is Purchasing? Explore Ivalua’s contract lifecycle management software.

Purchasing 52

Purchasing Procurement E-procurement Supplier 52

ivalua

MAY 30, 2025

As they receive new information, they can adjust their actions to outcomes for things like supplier negotiations, risk management, and spend analysis. They can also perform automated contract compliance checks and continuous price benchmarking, and help teams negotiate more effectively.

Procurement 52

Procurement Supplier Supply Chain Procurement Team 52

ivalua

MAY 30, 2025

As they receive new information, they can adjust their actions to outcomes for things like supplier negotiations, risk management, and spend analysis. They can also perform automated contract compliance checks and continuous price benchmarking, and help teams negotiate more effectively.

Procurement 52

Procurement Supplier Supply Chain Procurement Team 52

ivalua

JUNE 9, 2025

This statement holds even more weight when you consider the remarkable advantages AI brings to procurement teams today: Cost Savings: AI helps reduce procurement costs by identifying spend inefficiencies, supporting dynamic pricing, and strengthening supplier negotiations.

Procurement 52

Procurement Supplier Procurement Team E-procurement 52

ivalua

JULY 8, 2025

Key Capabilities Catalogs: Offer guided buying through approved vendor catalogs, with contract pricing and policy-aligned options. As a result, payments become more of a strategic lever for savings and creating goodwill with your best suppliers. eProcurement solves this by embedding controls into the buying experience itself.

Procurement 52

Procurement Supplier E-procurement Procurement Team 52

ivalua

MAY 29, 2025

Here are some key distinctions to make between Procurement vs. Supply Chain Management: Procurement is responsible for identifying suppliers, negotiating contracts, and ensuring cost-effective, compliant purchases. It’s heavily tied to spend management, risk mitigation, and supplier performance.

Supply Chain 52

Supply Chain Procurement Management Supplier 52

Oxford College of Procurement and Supply

JANUARY 14, 2025

In procurement, benchmarking involves assessing supplier performance, costs, and processes against industry standards or competitors to ensure you are receiving the best value. More Than Just Price While price is often the most common focus in benchmarking, it is only one piece of the puzzle.

Procurement 52

Procurement Total Cost of Ownership Supplier Cost of Ownership 52