While procurement teams often prioritize price negotiations, payment terms play an equally critical role in overall value realization. Extended payment terms can improve working capital. Early payment options can reduce total cost. But without clear visibility into how payment terms align with spend, organizations risk missing strategic opportunities—or exposing themselves to unnecessary cash flow stress. […]

MRO—Maintenance, Repair, and Operations—spend has long existed in the shadows of direct procurement. It’s decentralized, transactional, and often escapes the strategic lens of procurement leadership. But make no mistake—unmanaged MRO spend can lead to cost leakage, excess inventory, and unreliable suppliers. With the rise of data-driven procurement, MRO spend analysis is gaining traction for the […]

Have you ever wondered if you are paying different prices for the same item across locations? One of the most common inefficiencies in enterprise procurement is inconsistent pricing for the same item across plants or business units. Without item-level visibility across the organization, this often goes unnoticed—leading to silent value leakage, fragmented vendor usage, and […]

Procurement teams in manufacturing face a constant battle with volatile markets, geopolitical uncertainties, and relentless margin pressures. A recent Deloitte survey found that 58% of manufacturers rank procurement optimization as their top priority for cost savings. Yet, traditional methods like price squeezing can often damage supplier relationships and operational resilience. This blog highlights actionable procurement […]

Price fluctuations are a reality, but the inability to track them effectively can lead to unnecessary cost leakages. Without clear visibility into past purchases, vendor price variations, and industry benchmarks, procurement teams often overpay—without realizing it. This is where intelligent price benchmarking changes the game. With VENDX Genie 2.0, procurement professionals can instantly access historical […]