Spend Management Technology Trends<\/h3><\/div><\/div><\/div>PurchTips edition #78<\/p>\n<\/div>
What Are Today’s Trends In Purchasing Technology?<\/h4><\/div><\/div><\/div>Today’s providers offer technologies that combine many earlier specialized capabilities in a multi-purpose, integrated offering increasingly known as Spend Management technology.<\/p>\n
In the late 1990s, Purchasing already saw a rapid influx of impressive technology solutions. The dot-com bust obliterated many solution providers and their technologies, but we’re now seeing advances again.<\/p>\n
While niche providers characterized the late ’90s, today’s providers are offering technologies that combine many of those specialized capabilities in a multi-purpose, integrated offering increasingly known as Spend Management technology, which encompasses:<\/p>\n
eProcurement<\/h6>\n
eProcurement<\/a> systems bring the ease of a retail shopping experience to corporate procurement. Users browse online catalogs of pre-approved goods and services from contracted suppliers. The requisition to payment process is fully automated.<\/p>\neSourcing<\/h6>\n
eSourcing allows suppliers to access all RFP materials online and submit their proposals using online forms. Purchasers can view and analyze supplier submissions via a Web browser. Reverse auctions allow suppliers to dynamically improve their proposals after seeing their relative rank or competitors’ bids.<\/p>\n
Spend Analytics<\/h6>\n
Analytics modules make it easier for purchasers to segment their purchases by categories and access category-specific information such as the amount spent, the number of suppliers used, and more.<\/p>\n
Supplier Management<\/h6>\n
Modern systems capture supplier performance data and allow purchasers to run queries to identify suppliers’ on-time delivery performance, quality history, and other metrics.<\/p>\n
With the evolution from best-of-breed models to a one-stop-shop for all Spend Management needs, you’re likely wondering what the future holds for technology. “I’m impressed with the progress ERP providers are having on the eProcurement side of the equation,” said Jason Busch, Managing Director of Azul Partners and editor of the blog www.spendmatters.com. “I’m equally impressed with how best of breed vendors are breaking new ground on such areas as supplier performance management, supplier operational and financial forecasting, sourcing and bid optimization, category management, and services Spend Management.”<\/p>\n
Become a member of one of the world\u2019s largest procurement associations today.<\/a><\/p>\nRecommended Reading<\/strong><\/p>\n\n- Effective Spend Management & Transformation<\/a><\/li>\n
- Enterprise Spend Management<\/a><\/li>\n
- The Spend & Supply Management Debate<\/a><\/li>\n
- Claritum Spend Management for Marketing Procurement<\/a><\/li>\n
- On-Demand Spend Management Solutions<\/a><\/li>\n
- A Spend Management Development\u2026<\/a><\/li>\n
- Powerful Approach for Managing Your Spend and Risk<\/a><\/li>\n
- Spend Management Solutions<\/a><\/li>\n
- How to Manage Spend Before It Starts<\/a><\/li>\n
- Spend\u2019s Role in Industry<\/a><\/li>\n<\/ul>\n
Visit NLPA Learning<\/strong><\/a>, the new home to all of our certifications and online courses. NLPA Learning also includes learning resources, including live and on-demand webinars, publications and reports, articles, templates, white papers, and more!<\/p>\n<\/div><\/div><\/div><\/div><\/div>Do You Want a More Rewarding Procurement Career?<\/h5><\/div>![](\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/12\/spsm_verify.jpg\" "\\"spsm_verify\\"")
<\/span><\/div>Are you tired of not getting enough opportunities, respect, and money out of your procurement career? Well, guess what? Nothing will change unless you take action towards becoming a world-class procurement professional.<\/p>\n
Earning your SPSM Certification is the action to take if you want to bring the most modern procurement practices into your organization and achieve your career potential. Download the SPSM Certification Guide today to learn how to get started on your journey to a more rewarding procurement career!<\/p>\n<\/div>
Download<\/span><\/a><\/div><\/div><\/div>Need Better Performance From Your Procurement Team?<\/h5><\/div>![](\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/12\/services.jpg\" "\\"services\\"")
<\/span><\/div>Are you a procurement leader whose team isn\u2019t achieving the results you know are possible? Maybe it\u2019s not enough cost savings. Or frustrating performance from the supply base. Or dissatisfied internal customers.<\/p>\n
You need a performance improvement plan that\u2019s easy to implement and quick to produce results. The NLPA can help.<\/p>\n
Download our whitepaper \u201cThe Procurement Leader\u2019s Guide To A More Successful Team.\u201d You\u2019ll learn the 7 steps for transforming your staff into a results-producing, world-class procurement team.<\/p>\n<\/div>
PurchTips edition #78<\/p>\n<\/div>
What Are Today’s Trends In Purchasing Technology?<\/h4><\/div><\/div><\/div>Today’s providers offer technologies that combine many earlier specialized capabilities in a multi-purpose, integrated offering increasingly known as Spend Management technology.<\/p>\n
In the late 1990s, Purchasing already saw a rapid influx of impressive technology solutions. The dot-com bust obliterated many solution providers and their technologies, but we’re now seeing advances again.<\/p>\n
While niche providers characterized the late ’90s, today’s providers are offering technologies that combine many of those specialized capabilities in a multi-purpose, integrated offering increasingly known as Spend Management technology, which encompasses:<\/p>\n
eProcurement<\/h6>\n
eProcurement<\/a> systems bring the ease of a retail shopping experience to corporate procurement. Users browse online catalogs of pre-approved goods and services from contracted suppliers. The requisition to payment process is fully automated.<\/p>\neSourcing<\/h6>\n
eSourcing allows suppliers to access all RFP materials online and submit their proposals using online forms. Purchasers can view and analyze supplier submissions via a Web browser. Reverse auctions allow suppliers to dynamically improve their proposals after seeing their relative rank or competitors’ bids.<\/p>\n
Spend Analytics<\/h6>\n
Analytics modules make it easier for purchasers to segment their purchases by categories and access category-specific information such as the amount spent, the number of suppliers used, and more.<\/p>\n
Supplier Management<\/h6>\n
Modern systems capture supplier performance data and allow purchasers to run queries to identify suppliers’ on-time delivery performance, quality history, and other metrics.<\/p>\n
With the evolution from best-of-breed models to a one-stop-shop for all Spend Management needs, you’re likely wondering what the future holds for technology. “I’m impressed with the progress ERP providers are having on the eProcurement side of the equation,” said Jason Busch, Managing Director of Azul Partners and editor of the blog www.spendmatters.com. “I’m equally impressed with how best of breed vendors are breaking new ground on such areas as supplier performance management, supplier operational and financial forecasting, sourcing and bid optimization, category management, and services Spend Management.”<\/p>\n
Become a member of one of the world\u2019s largest procurement associations today.<\/a><\/p>\nRecommended Reading<\/strong><\/p>\n\n- Effective Spend Management & Transformation<\/a><\/li>\n
- Enterprise Spend Management<\/a><\/li>\n
- The Spend & Supply Management Debate<\/a><\/li>\n
- Claritum Spend Management for Marketing Procurement<\/a><\/li>\n
- On-Demand Spend Management Solutions<\/a><\/li>\n
- A Spend Management Development\u2026<\/a><\/li>\n
- Powerful Approach for Managing Your Spend and Risk<\/a><\/li>\n
- Spend Management Solutions<\/a><\/li>\n
- How to Manage Spend Before It Starts<\/a><\/li>\n
- Spend\u2019s Role in Industry<\/a><\/li>\n<\/ul>\n
Visit NLPA Learning<\/strong><\/a>, the new home to all of our certifications and online courses. NLPA Learning also includes learning resources, including live and on-demand webinars, publications and reports, articles, templates, white papers, and more!<\/p>\n<\/div><\/div><\/div><\/div><\/div>Do You Want a More Rewarding Procurement Career?<\/h5><\/div><\/span><\/div>Are you tired of not getting enough opportunities, respect, and money out of your procurement career? Well, guess what? Nothing will change unless you take action towards becoming a world-class procurement professional.<\/p>\n
Earning your SPSM Certification is the action to take if you want to bring the most modern procurement practices into your organization and achieve your career potential. Download the SPSM Certification Guide today to learn how to get started on your journey to a more rewarding procurement career!<\/p>\n<\/div>
Download<\/span><\/a><\/div><\/div><\/div>Need Better Performance From Your Procurement Team?<\/h5><\/div><\/span><\/div>Are you a procurement leader whose team isn\u2019t achieving the results you know are possible? Maybe it\u2019s not enough cost savings. Or frustrating performance from the supply base. Or dissatisfied internal customers.<\/p>\n
You need a performance improvement plan that\u2019s easy to implement and quick to produce results. The NLPA can help.<\/p>\n
Download our whitepaper \u201cThe Procurement Leader\u2019s Guide To A More Successful Team.\u201d You\u2019ll learn the 7 steps for transforming your staff into a results-producing, world-class procurement team.<\/p>\n<\/div>
Today’s providers offer technologies that combine many earlier specialized capabilities in a multi-purpose, integrated offering increasingly known as Spend Management technology.<\/p>\n
In the late 1990s, Purchasing already saw a rapid influx of impressive technology solutions. The dot-com bust obliterated many solution providers and their technologies, but we’re now seeing advances again.<\/p>\n
While niche providers characterized the late ’90s, today’s providers are offering technologies that combine many of those specialized capabilities in a multi-purpose, integrated offering increasingly known as Spend Management technology, which encompasses:<\/p>\n
eProcurement<\/h6>\n
eProcurement<\/a> systems bring the ease of a retail shopping experience to corporate procurement. Users browse online catalogs of pre-approved goods and services from contracted suppliers. The requisition to payment process is fully automated.<\/p>\n eSourcing allows suppliers to access all RFP materials online and submit their proposals using online forms. Purchasers can view and analyze supplier submissions via a Web browser. Reverse auctions allow suppliers to dynamically improve their proposals after seeing their relative rank or competitors’ bids.<\/p>\n Analytics modules make it easier for purchasers to segment their purchases by categories and access category-specific information such as the amount spent, the number of suppliers used, and more.<\/p>\n Modern systems capture supplier performance data and allow purchasers to run queries to identify suppliers’ on-time delivery performance, quality history, and other metrics.<\/p>\n With the evolution from best-of-breed models to a one-stop-shop for all Spend Management needs, you’re likely wondering what the future holds for technology. “I’m impressed with the progress ERP providers are having on the eProcurement side of the equation,” said Jason Busch, Managing Director of Azul Partners and editor of the blog www.spendmatters.com. “I’m equally impressed with how best of breed vendors are breaking new ground on such areas as supplier performance management, supplier operational and financial forecasting, sourcing and bid optimization, category management, and services Spend Management.”<\/p>\n Become a member of one of the world\u2019s largest procurement associations today.<\/a><\/p>\n Recommended Reading<\/strong><\/p>\n Visit NLPA Learning<\/strong><\/a>, the new home to all of our certifications and online courses. NLPA Learning also includes learning resources, including live and on-demand webinars, publications and reports, articles, templates, white papers, and more!<\/p>\n<\/div><\/div><\/div><\/div><\/div> Are you tired of not getting enough opportunities, respect, and money out of your procurement career? Well, guess what? Nothing will change unless you take action towards becoming a world-class procurement professional.<\/p>\n Earning your SPSM Certification is the action to take if you want to bring the most modern procurement practices into your organization and achieve your career potential. Download the SPSM Certification Guide today to learn how to get started on your journey to a more rewarding procurement career!<\/p>\n<\/div> Are you a procurement leader whose team isn\u2019t achieving the results you know are possible? Maybe it\u2019s not enough cost savings. Or frustrating performance from the supply base. Or dissatisfied internal customers.<\/p>\n You need a performance improvement plan that\u2019s easy to implement and quick to produce results. The NLPA can help.<\/p>\n Download our whitepaper \u201cThe Procurement Leader\u2019s Guide To A More Successful Team.\u201d You\u2019ll learn the 7 steps for transforming your staff into a results-producing, world-class procurement team.<\/p>\n<\/div>eSourcing<\/h6>\n
Spend Analytics<\/h6>\n
Supplier Management<\/h6>\n
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Do You Want a More Rewarding Procurement Career?<\/h5><\/div>
<\/span><\/div>Need Better Performance From Your Procurement Team?<\/h5><\/div>
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![](\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/12\/services-contracting.jpg\" "\\"services-contracting\\"")
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