Ever had a supplier mess things up? This article walks you through five real-life disasters and shows how to avoid similar pitfalls.

Discover how supplier location intelligence can reduce risks, cut costs, and enhance procurement strategy. Learn why it matters.

Looking to strengthen supplier partnerships? Follow these 6 steps of the SRM process and optimize your procurement outcomes.

Want to make your supply chain greener? Learn how supplier location intelligence can help you meet your sustainability targets.

Not sure which supplier location intelligence tool to choose? Discover 7 essential traits every top provider should offer.

Looking to scale operations efficiently? Learn why manual supplier onboarding is one of the biggest bottlenecks to growth.

Ready to improve your procurement process? Our checklist for supplier onboarding will help you stay organized and avoid costly delays.

Looking to speed up supplier onboarding? These AI use cases will teach you how automation helps save time and reduce friction.

Struggling with supplier onboarding issues? Discover 6 proven ways to reduce risks and improve vendor relationships.

Looking to improve your supplier onboarding process? These best practices will ensure consistency, compliance, and better collaboration.

Want to improve your supplier onboarding process? This article outlines the most important metrics you need to track.

Discover the pros and cons of supplier self-onboarding and decide if it’s the right fit for your procurement process.

Want to make supplier onboarding smoother? This article will show you five costly mistakes to avoid and how to do it right.

Looking to improve ESG data handling? Learn about five key technology types that simplify ESG reporting and drive decision-making.

In this article, you will discover practical tips to streamline your supplier onboarding process and minimize delays.

Want to ensure your supplier onboarding is successful? These 10 questions will help you choose the right partner.

Unsure about ESG in procurement? In this post, you will uncover the realities behind 5 common myths and make better-informed decisions.

Learn how ESG initiatives impact procurement budgets and discover strategies to control costs effectively in this guide.

Want to streamline your supplier onboarding process? Discover five major challenges you will face and learn how to solve them with ease.

Want to know how efficient supplier onboarding benefits your organization? Our article will show you the key advantages and why they matter.

Want to explore tools similar to OpenCorporates? These five alternatives might be a better fit for your business needs.

Learn how to support your suppliers on their ESG journey. Our tips will help you strengthen partnerships and meet compliance goals faster.

Looking to future-proof your ESG initiatives? See how diverse suppliers play a key role in meeting today’s sustainability expectations.

Learn how businesses are overcoming tariff turbulence and adapting their supply chains for long-term stability with Veridion.

Need help setting up supplier ESG questionnaires? This quick guide walks you through what to include, why it matters, and how to get started.

Worried about global tariffs? This guide reveals how companies manage tariff risk and future-proof their supply chains.

Let our article show you why ESG data is no longer optional in procurement. Discover five compelling reasons to act.

Looking to reduce ESG-related issues in your supply chain? This guide will walk you through actionable strategies.

Looking to improve your supplier vetting process? This article will walk you through the key ESG metrics for supplier selection.

Learn how to move from supplier discovery to selection and negotiation without delays or missteps. Our step-by-step guide shows you how.

Want to improve your ESG strategy? You’ll learn which common compliance pitfalls to watch out for, and how to steer clear of them.

This article will help you understand key ESG data challenges and what steps your team can take to address them effectively. Read more!

Discover how ESG is reshaping procurement. These 6 trends reveal the future of responsible sourcing and supply chain strategies.

Learn how ESG is influencing decisions across industries with these 10 eye-opening statistics. Stay informed and ahead of the curve.

This guide will help you understand ESG data, from its key components to how companies collect, report, and use it for long-term value.

Looking for reliable ESG data? This article will introduce you to 8 top ESG data providers and how they support compliance and transparency.

Discover the top 7 platforms that speed up supplier search and help you connect with the right vendors quickly and efficiently.

Learn why manual supplier search is holding you back. Discover common pitfalls and how to overcome them with smarter sourcing.

This article will guide you through six essential steps to collect ESG data efficiently, ensuring better reporting.

Want to streamline your ESG data strategy? These 5 best practices will guide you through smarter, more efficient data management.

Discover the six essential features every procurement platform should offer. Find out how to streamline sourcing and boost efficiency.

Want to discover faster ways to find suppliers? These 6 tips will help you cut through the noise and connect with the right vendors quickly.

Learn how a supplier search engine helps businesses find, vet, and connect with qualified vendors faster and more efficiently.

Looking for better supplier insights? This article explores five proven solutions for gathering supplier intelligence.

Want to choose the right supplier search platform? This guide breaks down must-have features and tips to help you make the best decision.

Want to choose the right supplier search platform? This guide breaks down must-have features and tips to help you make the best decision.

Implementing supplier intelligence isn’t easy. Explore 5 common obstacles businesses encounter and strategies to tackle them. Read now!

Discover how a comprehensive supplier database can streamline your procurement process, reduce costs, and improve supplier relationships.

Want a smoother procurement process? Follow these four supplier database management best practices for better efficiency!

Struggling with supplier management? This Supplier Intelligence guide will help you optimize relationships and improve procurement decisions!

Supplier database development made easy – discover essential steps to build a scalable system. This guide covers the best practices!

Want a more efficient supplier database? Follow this supplier database information checklist to keep your data organized and up to date!

Strategic sourcing challenges can slow down your procurement. Learn about five key issues and effective ways to solve them!

Want better supplier partnerships? Learn how discovering suppliers through real-world applications leads to success!

Struggling with sourcing challenges? These strategic sourcing examples show how leading companies improve efficiency and reduce costs!

Curious about the latest strategic sourcing trends? Explore the top 5 shaping 2024 and learn how to optimize your procurement strategy!

Want to master strategic sourcing? Here are five best practices to optimize procurement, cut costs, and strengthen supplier relationships!

Want to enhance your procurement process? Learn how to build, organize, and leverage a supplier database for better supplier relationships!

Have you explored the benefits of strategic sourcing? Discover the top 5 ways it can reduce costs, boost efficiency, and drive success!

AI supplier discovery insights can transform your procurement strategy – explore how to identify and vet suppliers with ease.

Unlock the power of strategic sourcing – learn how to streamline procurement, enhance supplier partnerships, and reduce expenses!

Not sure how supplier sourcing differs from discovery? This supplier sourcing vs discovery guide will help you choose the right strategy!

Discover how AI for supplier discovery revolutionizes procurement, boosting efficiency and giving companies a competitive edge.

Want to simplify enterprise supplier discovery? Explore proven strategies for finding and vetting suppliers!

Struggling with procurement challenges? Learn how the 7 steps of strategic sourcing can help you streamline operations and reduce costs!

Key Takeaways: Project delays, budget overruns, reputational damage, and legal trouble—just from picking the wrong supplier? It happens more often than you’d think. But the blame doesn’t always fall solely on procurement. Supplier discovery is a complex process, often hindered by slow workflows, inaccurate data, and limited visibility. So, should you just give up on […]

Explore the top alternatives to Scoutbee for finding new suppliers. Compare features, pricing, and reviews to choose the best option.

Struggling with supplier relationships? Here are the top 5 challenges in supplier relationship management—and how to tackle them!

Supplier relationship management builds partnerships, while performance management tracks results. Learn how both impact your supply chain!

Struggling with supplier coordination? A strong supplier management plan is the key – here’s why it matters and how to build one!

Is SRM worth the investment? Here are 4 major benefits that can elevate your supplier relationships and business success!

Learn best practices and strategies to efficiently onboard suppliers and strengthen your supply chain management.

Discover the top 5 mistakes to avoid in supplier relationship management to ensure successful partnerships and optimize your supply chain.

Struggling with procurement inefficiencies? These supplier management tools can help optimize your process and enhance supplier relationships!

Explore the top 5 trends in supplier relationship management that are shaping the future of business partnerships and procurement strategies.

Learn how these five active supplier management benefits can help you build stronger, more reliable partnerships.

Discover 6 essential supply market analysis tools to understand trends, spot opportunities, and make informed procurement decisions.

In procurement, the right supplier can mean the difference between resilience and disruption. Yet, identifying, validating, and engaging with suppliers remains a challenge – fragmented data, outdated sources, and time-consuming searches slow down decision-making. At Veridion, we believe procurement should be driven by intelligence, not inefficiency. That’s why we’ve partnered with Market Dojo to integrate […]

Discover the ultimate guide to supplier management, essential for improving procurement processes and building strong vendor relationships.

Discover 5 essential tips for successful supplier management to optimize your supply chain and enhance vendor relationships.

Discover the top data providers in procurement that offer valuable insights and analytics for your business needs.

Learn how supplier lifecycle software helps businesses manage onboarding and contract renewals seamlessly.

Learn about the 6 best practices to adopt for successful supplier management and improving business operations.

Learn everything you need to know about supplier development, its importance, strategies, and best practices in this comprehensive guide.

Discover how to improve supplier management, learn to tackle challenges effectively, and enjoy smoother operations and long-term growth.

Discover top supplier sourcing software solutions that streamline procurement and enhance supplier diversity.

Explore the benefits of supply market analysis, learn how to conduct it, and find out which tools you should consider using in the process.

The supplier evaluation process involves several key steps to ensure the quality and reliability of your suppliers.

Discover key metrics and strategies for effectively assessing supplier performance and get better at supplier management.

Understanding best practices for supplier lifecycle management is crucial for better supplier relationships and seamless operations.

Learn about the importance of Supplier Lifecycle Management to effectively manage relationships with suppliers.

Assess ESG risks, sustainability, and ethics in your supply chain to ensure compliance and responsible procurement.

Supplier criticality assessment is essential for evaluating the importance and impact of suppliers on your business.

The Kraljic Matrix is a strategic tool for supplier segmentation that helps businesses categorize their suppliers based on importance and risk. Learn about its origin, benefits, and limitations in this comprehensive guide.

Supplier Lifecycle Management involves overseeing different stages of a supplier’s relationship with an organization. Learn more about it.

Supplier capability assessment is essential for ensuring the quality and reliability of your suppliers. Learn everything you need to know about this process and how it can benefit your business.

Discover how supplier segmentation helps reduce supply chain risks and build a more resilient and efficient procurement process.

Explore the best practices for supplier segmentation to optimize relationships, enhance efficiency, and build a resilient supply chain.

Supplier diversity assessment is a crucial aspect of procurement that promotes inclusivity and equality. Learn more about it.

Which supplier segmentation model is right for you? After you explore different options with us, you know the answer.

Get deeper insights into the popular Carter’s 10C for supplier evaluation. Learn how to use this model to your advantage.

Want to audit the quality of your suppliers? This guide will teach you all there is to know for performing them efficiently.

Looking for a efficient supplier audit checklist? We prepared a simple one that takes just six steps. Check it out!

There are different ways to go about supplier segmentation. This article teaches you about different options.

Need a proper email template for supplier evaluation? Look for further. We provide you with several options, plus some best practices.

Ready to take supplier evaluation to the next level? Learn all about the evaluation matrix and use it to your advantage.

Curious about supplier segmentation? Learn why it matters, which frameworks you can use to segment your suppliers, and what to watch out for.

These powerful methods will transform how you evaluate suppliers—boost quality, cut risks, and build winning partnerships!

Discover 7 essential questions to ask during supplier evaluation to ensure reliability, quality, and alignment with your business goals.

Evaluate supplier sustainability with ESG criteria, AI tools, and lifecycle analysis for a greener, ethical supply chain.

Find out what the most common supplier evaluation mistakes are, complete with research-backed facts and real-life examples.

If you want to be better at supplier risk management, learn and apply these best practices. Protect your business from potential disruptions

Follow these best practices for a successful supplier evaluation. Learn how big companies like Walmart and Volkswagen do it.

If you’re wondering what kind of benefits you can reap if you decide to perform a supplier evaluation, this article is for you.

Here’s an easy-to-follow process for supplier risk management. Follow these six steps and you’ll reduce various supplier-associated risks.

Find out why supplier evaluation matters, when you should perform it, and which tools you can use to help you in the process.

AI plays an increasingly important role in supplier risk management. This guide shines light on all its applications and benefits.

Key Takeaways: Keeping your vendor list short might seem simpler and more efficient at first, but, ultimately, it exposes you to all kinds of trouble down the line. If any of your vendors face financial, operational, or similar issues, you’ll experience these issues firsthand through supply disruptions, pricing imbalances, and a host of other unforeseen […]

Explore the most common mistakes in supplier risk management and find out how you can avoid making them at your own company.

Find out what supplier risk management is, what types of risks you should anticipate, and which technologies can help you mitigate them.

Learn about the types of vendor concentration risks your organization is likely to face if it chooses not to diversify its supply chain.

Learn what a supplier risk assessment framework is, what types there are, and why your organization needs one.

In this extensive guide, we’re diving into the purpose, importance, and challenges of conducting a supplier risk assessment.

Find out which challenges your organization could encounter if you’re dealing with a high level of vendor concentration.

Explore six compelling reasons why supplier vetting is essential for the success of your procurement operations.

In this article, we’re sharing tips that will help you take your supplier vetting process to the next level.

We bring you a step-by-step guide to perform a supplier risk assessment. With this easy-to-follow process, you’ll do that effectively.

Find out which revolutionary technologies you should consider investing in if you want to elevate your supplier sourcing process.

Learn about the risks you should consider during supplier selection, and explore practical ways to keep them at bay.

Discover the purpose of supplier scorecards in the supplier selection process and learn key best practices to follow when creating them.

Find out which mistakes you should avoid during the supplier sourcing process and get tips on how you can steer clear of them.

Discover 6 ways in which AI can help procurement professionals streamline and improve their approach to supplier selection.

In this article, we’re diving deep into the best supplier sourcing providers and the capabilities they offer.

Want to optimize your supplier sourcing process? Get better at each of the key seven steps we outlined and you’ll get there.

Discover the transformative impact of AI in procurement and supplier sourcing with this comprehensive guide.

If you are looking for strategic sourcing providers to help you find the best suppliers, this article is for you.

Want to know how big brands handle procurement? Explore these 7 successful examples of supplier sourcing strategies.

Explore the key differences between spend and expense management and learn how they can improve your organization’s bottom line.

If you want to gain an insight into the latest trends, challenges, and opportunities in supplier sourcing, this article is for you.

Find out what the most common challenges in the supplier selection process are and learn how you can overcome them.

Discover the top five ways effective spend management can improve your procurement strategy and help you deliver better results.

Balancing all the supplier selection criteria we cover in this article will make your supply chain strong and adaptable.

Dive into the key differences between spend management and spend analysis and find out which tools you should use to optimize both processes.

Supplier sourcing is not just about finding the cheapest suppliers. It’s about building long-term partnerships that move you forward.

For efficient spend management, there are certain best practices to be adopted. We explore them all, giving you examples and tips.

There are different ways to go about supplier sourcing, and in this article, we explain them all, so you can choose what works best for you.

We’ve examined a wide range of data about the current state of IT spend and the key factors influencing its future.

Powered by Veridion, Experian’s new ‘Hazard Tags’ will allow insurers to get a complete, comprehensive profile of five million UK businesses Bucharest, October 9, 2024: Experian UK&I today announces a new AI-powered data solution ‘Hazard Tags’ which will help transform underwriting processes in the commercial insurance sector. Manual underwriting methods can be time-consuming for insurers […]

Veridion and Insillion Partner to Enhance the Commercial Underwriting workflow with Global Business Data and Risk Insights Partnership empowers commercial underwriters with accurate, timely data and innovative underwriting platforms. 9th of October, Bucharest – Veridion, a leading AI-powered business data provider, has announced a strategic partnership with Insillion, a Insurance Sales and Underwriting platform. This […]

We’re breaking down the benefits of reducing maverick spend in procurement and sharing tips on how to achieve them.

In this article, we’re guiding you through the five steps of efficient tail spend management that will boost your company’s bottom line.

Find out what tail spend is, why it’s so easy to miss, and how you can better analyze and manage it within your organization.

Explore the main benefits of spend analysis and find out how you can implement spend analysis tools and techniques to experience them, too.

Join us as we explore the top 5 benefits of tail spend management and share practical insights on how to experience them.

This comprehensive guide explains what maverick spend is, why it happens, and why it’s important to get it under control.

In this article, we’re sharing 6 things you should do if you want to master indirect procurement at your organization.

Discover which benefits your organization can reap if you decide to put more effort into effectively managing indirect procurement.

We’re bringing our top six tips to help you reduce maverick spending in your organization. Apply them and get a grip on your expenditures.

Managing indirect spend can pose several challenges for businesses. Learn about them to improve your indirect spend management.

Explore the differences between direct and indirect spend, compare them on different levels to optimize your company’s spending.

In this article, we’re breaking down the most common challenges of managing tail spend and sharing tips on how to overcome them.

We’re sharing examples of 8 companies that nailed indirect spend management and showing you how you can do the same.

Don’t let tail spend continue to drain your resources. Learn how to conduct a tail spend analysis, and how to automate it.

If you’re looking to optimize your addressable spend, look no further. The strategies outlined in this article are what you need.

Understanding addressable spend in procurement is crucial for making strategic purchasing decisions. Learn everything about it.

Spend analysis is crucial to any organization’s procurement strategy. Knowing where money is spent lets you identify cost-saving opportunities, improve procurement processes, and make data-driven decisions. However, even experienced procurement professionals can fall into common traps that undermine the effectiveness of their analysis. That’s why today, we’ll explore five common mistakes to avoid during spend […]

The best way to make your spend analysis more efficient is by using appropriate tools. We’ll guide you through various options.

If you want to become a master at procurement spend analysis, follow these six tips and level up your process.

How will you know if your spend analysis you performed benefited the company? By tracking certain spend analysis metrics.

Discover which 8 types of spend analysis you should perform in order to improve your procurement spend management.

If you want to know which platforms, other than Crunchbase, can provide you with reliable market intelligence, this article is for you.

We’re exploring the features and strengths of 6 of the best alternatives to Dun & Bradstreet for gathering reliable company data.

Planck is a leading AI-enhanced commercial insurance data platform, helping insurers underwrite any business more effectively. However, it’s not the only such solution available on the market. So, if you’re searching for a Planck alternative—whether due to pricing concerns or the need for specific features—you’ve come to the right place. This article will introduce you […]

Discover the common challenges with aggregating spend. Learn how to overcome them and optimize procurement processes.

We explore some recent statistics about spend management that might change your perspective on managing corporate expenses.

This post exposes the true impact of maverick spending by looking at data associated with it. Explore eye-opening statistics with us.

We’re breaking down 5 of the most impactful trends that are bound to change the future of spend analytics.

If you’re on the hunt for that perfect market intelligence platform, alternative to PitchBook, this article will set you on the right path.

We’re exploring why spend analysis is important, what practices you should follow to conduct it successfully, and which KPIs you should track.

Find out which AI-drive supplier discovery solutions are the best alternatives for Matchory.

We’re sharing 6 key steps you should follow on your journey to implementing spend aggregation within your organization.

Discover everything about spend aggregation in this ultimate guide. Learn how it works, its benefits, and how to implement it.

If you’re wondering how you can optimize spend at your organization, this article will provide you with 4 best practices you should follow.

Discover effective ways to automate strategic spend management processes and optimize your organization’s expenses.

Let’s explore why you should bring more spend under management. Besides the obvious ones, you might find some new insights.

Discover six valuable tips to elevate your spend management and make it more strategic and effective.

Understanding the relationship between spend under management and category management is crucial for effective procurement strategies.

Companies face significant challenges in strategic spend management that prevent them from optimizing procurement processes. We explore them.

Strategic spend management can unlock so many benefits for your company. In this article, we explore them in great detail.

Looking for alternatives to Gartner for evaluating suppliers? Look no further! We compiled a list of suitable alternatives for you to try.

Learn everything there is about spend under management. Why does it matter, and how to bring more spend under procurement control?

We’re thrilled to share that Veridion won the Innovator Award at the Tekpon Awards 2024! This win shines a light on our hard work and dedication to shaking up the software scene with fresh, innovative solutions. About Tekpon Awards Tekpon is a comprehensive SaaS marketplace that helps users discover, compare, and choose the best software […]

Want to create a proper procurement strategy but don’t know where to start? This article outlines the 7 key steps to get you there.

Sourcing automation software can boost your efficiency and carve out more time for value-added tasks. You don’t have to do things manually.

If you want to know how to bring more spend under management, this article is for you. We outline the 6 main steps to take.

Trying to switch from Thomasnet? Check these powerful and more specialized tools as potential alternatives for supplier sourcing.

A well-planned procurement strategy doesn’t just ensure alignment of procurement activities with organizational goals, but it also brings your company a competitive advantage.  When done strategically, procurement becomes more efficient, and less risky, and opens the door to innovation and collaboration with suppliers.  But many procurement professionals don’t know how to create a well-defined strategy, […]

Discover top retail sourcing insights to enhance your procurement strategies. Stay updated with the latest trends and best practices.

Do you need private company data but don’t want to use S&P Global Market Intelligence? Then check out these alternatives.

If you’re not sure how to improve your procurement, take a note from these successful companies. We examine their procurement strategies.

Trying to set up more efficient supplier discovery? Our list will introduce you to the best supplier discovery software to try out.

We’re going to explain what a procurement strategy is and which elements it should include, as well as share our top tips for creating your own effective strategy.

We’re sharing 10 insightful statistics that will show you how well companies are handling vendor risk identification and management.

If you want to know what a procurement strategy matrix is, what components it consists of, and which applications and limitations it comes with, this article is for you.

We’re breaking down 6 types of procurement strategies, detailing common tactics associated with each, and sharing some real-life examples to illustrate them.

In this article, we’re exploring 7 important procurement KPIs that you’re probably not tracking and showing you why you should start.

Find out which emerging trends are reshaping the future of supply chains and can affect your procurement operations.

Explore some of the most interesting statistics about supplier diversity and find out how diversity initiatives impact businesses worldwide.

Find out which trends are revolutionizing procurement audits and why your organization should consider following them.

In this article, we’re sharing the best practices you should consider following when tracking your procurement KPIs.

Have you wondered how much money is lost annually through the continued use of manual search methods for supplier discovery and procurement? Here is the complete breakdown of hidden costs to be aware of.

In this article, we’re diving into 8 key statistics that will help paint a fuller picture of the current public procurement landscape.

Let our guide teach you what procurement KPIs are, why they’re so important, and how you can best measure them.

Discover what benefits you can expect your organization to reap if you set strong procurement goals.

If you’re struggling to achieve your procurement goals, let our article teach you what you can do to get there more quickly and with ease.

Coupa doesn’t meet your procurement spend management needs? This article will break down 10 alternatives to help you find your perfect match.

Discover what a procurement cycle looks like, what benefits and challenges it brings, and what tools can help you make it more efficient.

Explore which types of tools you should consider investing in if you’re looking to optimize your strategic procurement process.

Looking to boost your procurement efficiency? Explore our comprehensive list of procurement software tools that will help you achieve it.

In this article, we’re sharing best practices bound to help you improve your procurement cycle.

Find out which key goals your organization’s procurement function should aim to achieve, as well as what steps need to be taken to get there.

In this article, we’re diving into strategic procurement planning: what it is, what benefits it brings, and how you can approach it better.

Find out which steps your organization needs to take in order to complete a successful procurement cycle.

If you’re wondering what the difference is between strategic procurement and strategic sourcing, and whether you need both, this article is for you.

On the market for a supplier performance management system? Find out which 8 options have made our list of the best solutions.

In this article, we’ve compiled 8 procurement software statistics that will help you make informed decisions about procurement technology investments.

In this article, we’re diving into 10 of the best procurement management tools that will help your business thrive.

Explore 5 of the most prominent e-procurement trends: from integrating AI and machine learning to adopting blockchain technology.

If you’re curious about the state of e-procurement, this article is for you. We’re breaking down 8 e-procurement statistics you need to be aware of.

Find out which key procurement trends you should watch out for, as they’re shaping the future of procurement.

Explore the 6 sustainability trends that are shaping the future of procurement.

Explore our list of companies that have successfully mastered the game of strategic procurement.

Wondering which KPIs you should track if you want to enhance your strategic procurement process? This article is for you.

In this article, we are sharing six things you can do to maximize and sustain procurement savings at your organization.

In this article, we’re explaining what strategic procurement is, why it’s important, and how it differs from operational procurement.

Discover the 5 essential practices you need to implement in the process of measuring your procurement savings.

Find out what the difference is between strategic and tactical procurement and learn how to choose the right approach depending on your needs.

In this article, we’re diving deep into the five key steps of an effective strategic procurement process.

Explore what procurement savings tracking entails, why it matters, and which tools you can use to improve this process within your organization.

This article will walk you through the 5 major goals of implementing strategic procurement at your organization.

This comprehensive guide explores what procurement savings actually are, what types exist, and how you can best track them.

In this article, we’re sharing 10 interesting statistics about procurement sustainability that you should be aware of.

Discover the biggest benefits that a strategic approach to procurement can bring your organization.

In this article, we’re sharing best practices for achieving strategic procurement success and backing them up with real-world examples.

This article will shed light on the 5 biggest challenges in strategic procurement and provide tips on how to overcome them.

Find out what procurement risk assessment is, why it matters, and how you can conduct it at your organization.

If you’re wondering what procurement risk management methods there are and which one is the right choice for your organization, this article is for you.

In this article, we’re sharing 6 practices you should follow if you want your organization to successfully mitigate procurement risks.

Let this comprehensive guide teach you what procurement risk management is, why it matters, and what tools you can use to make it more efficient.

If you want to better understand the current procurement fraud landscape and prevent this issue within your organization, these are the 8 statistics you need to know.

Find out which types of tools you should consider if you want to take your procurement risk management efforts to the next level.

In this comprehensive guide, we are taking you through the six key steps you need to follow for a robust procurement risk management process.

Explore the 10 procurement statistics that are going to provide an insight into the state of procurement today.

We bring you an overview of the seven most common types of procurement risks. And, give you some tips on how to mitigate these risks.

We share with you our top five tips to improve your procurement process and unlock some tangible efficiency gains.

Not all procurement risks are always avoidable. But they can be managed better. If you want to learn how, read our article.

You know you could have a more efficient procurement and want to improve it? With these 5 strategies, you’ll achieve that goal.

Learn what makes procurement processes efficient and how to achieve this efficiency. You’ll waste less resources and save more money!

Find out which benefits your organization can experience if you decide to improve the efficiency of your procurement processes.

Discover the most common procurement risks and learn what you can do to successfully mitigate them.

In this article, we’ll explore seven essential steps involved in conducting a procurement audit, along with practical tips to guide you through the process.

Discover 6 game-changing tips for conducting a successful procurement audit at your organization.

Explore the biggest benefits of conducting a procurement audit and find out how this process can enhance your procurement operations.

Uncover the challenges associated with procurement audits and find out how you can overcome them with ease.

This article will outline the 5 best practices for carrying out a successful procurement audit.

Let our comprehensive guide teach you what procurement audits are, why they’re important, and which tools you can use to streamline the process.

In this article, we are diving deep into 6 case studies that demonstrate the value of implementing agile procurement.

This article is going to answer 6 key questions about agile procurement: from what it actually is, to how you can easily transition from traditional to agile procurement.

Find out which 7 steps you need to take in order to successfully implement agile procurement at your organization.

Wondering how to implement agile procurement at your organization? Read on, as we’re sharing our top 5 tips.

Discover what agile procurement is, which principles it follows, and what technologies you can use to make it work at your own organization.

This article is going to outline the key benefits of agile procurement and help you implement it into your procurement processes.

In this article, we are going to discuss 6 of the most common procurement challenges and provide you with tips on how you can overcome them.

Discover which common procurement challenges your organization can overcome with the help of automation.

This article is going to provide you with a comprehensive overview of the biggest challenges of global procurement.

Discover the most common global procurement mistakes and learn how you can avoid making them.

In this article, we’re outlining five key best practices that can help your company navigate the complexities of global procurement.

This article explores the biggest benefits of global procurement.

This guide is going to provide you with a comprehensive overview of global procurement, its importance, and the key steps and pillars that underpin its implementation.

Explore the five key global procurement trends that every procurement professional needs to know about.

This article is going to guide you through the essential steps of embracing global procurement at your organization.

Discover the benefits of supplier performance management in procurement, from cost savings to protecting your organization’s reputation.

This article explores the 7 essential steps you need to take in order to establish efficient procurement performance management.

This article is going to highlight 6 key reasons why procurement performance management is so important to the success of your business operations.

This comprehensive guide is going to teach you what the purpose of procurement performance management is, what activities it consists of, and why it’s important.

This article is going to outline six key benefits of measuring procurement performance.

In this article, we’re going to discuss some of the most common challenges you may experience if you’re trying to achieve high procurement performance.

In this article, we are providing you with a deep dive into the essential KPIs that will help you measure your procurement performance in 3 categories: cost management, supplier management, and process efficiency.

In this comprehensive guide, we’ll be discussing the ins and outs of procurement performance, why it’s important, how to measure it, and how to apply it to your own procurement efforts.

Discover six effective ways to boost your procurement performance, from establishing clear procurement policies to leveraging data and technology.

In this article, we’re sharing six effective methods to enhance your procurement lead time.

In the world of procurement, the adage “time is money” really holds true.  Timely acquisition of goods is crucial for ensuring smoother processes within a company, reducing unnecessary costs, enhancing customer experience, and, at times, even bolstering reputation to attract new business. When it comes to managing procurement lifecycles and timelines, one element emerges as […]

Some might say there’s no single secret ingredient for achieving success in the realm of procurement. Well, they might be wrong. Procurement market intelligence is increasingly being recognized as a vital strategic tool for procurement teams to enhance their risk mitigation, supplier selection, and cost minimization in today’s volatile markets.  But what exactly is it, […]

Gathering market intelligence is crucial for making informed procurement decisions, developing strategies, identifying cost-saving opportunities, as well as sourcing suppliers that are the right fit for your organization. But with a vast amount of intelligence and a variety of sources for collecting data at your disposal, how do you decide what approach you should take? […]

It’s easier to generate cost savings in procurement when you understand different types of savings. That’s what we tackle in this article.

Indirect spend plays a big role in procurement cost savings. If you learn to control it, you’ll be one step closer to your goals.

Let us guide you through the 5 most important benefits of focusing on procurement market intelligence.

This article will delve into the critical components that form the backbone of effective procurement market intelligence.

In this article, we’re uncovering the 6 essential characteristics that distinguish good procurement market intelligence.

Unlock the secrets to effectively measuring cost savings in procurement with the help of this comprehensive blog article.

Learn how to boost your procurement cost savings with our 6 efficient tactics.

Procurement executives face several challenges when trying to implement cost savings initiatives. Learn all about them.

Get a comprehensive understanding of procurement costs, cost savings, and the positive impact these savings can have.

Interested in becoming skilled in using big data and turning it into an ally for your procurement? Learn how to use big data efficiently.

Discover the top benefits of big data in procurement and how big data can transform your procurement processes for the better.

We outline four ways in which big data can improve your procurement bottom line, from reducing excessive spending to preventing disruptions.

At DPW Amsterdam 2023, Florin Tufan, our amazing CEO, had a chat with CPOstrategy to discuss AI in Supplier Discovery. He talked about Veridion’s journey into data enrichment and shared some insights on how Veridion is enhancing the Search API with natural language capabilities, paving the way to a data-driven future in procurement and beyond. […]

We describe the challenges that procurement professionals face when using big data to enhance their procurement processes.

This quick guide is designed to help you understand the role big data plays in procurement, from the use cases to technologies and benefits.

Learn the strategies to increase your procurement cost savings. Reduce your costs and transform your procurement department’s bottom line.

Discover the differences between procurement cost savings and cost avoidance, the benefits of both approaches and how to maximize them.

Apply these five tips to your procurement department if you want to achieve cost savings. By doing so, you can improve your profitability.

Analyzing data in procurement presents incredible opportunities to increase value, reduce costs, and mitigate risks.  But effectively managing and transforming massive datasets into valuable and reliable insights requires procurement professionals to invest in technology, organizational process changes, and strategic approaches. While the opportunities presented by data management are indeed significant, there are substantial challenges that […]

Do you keep hearing that analyzing data can enhance your procurement and enable you to make more informed decisions? Yet, when you recall how time-consuming it can be to search for a specific piece of information, or when you encounter old or inaccurate data, it’s easy to feel overwhelmed by the effort involved. Indeed, these […]

Veridion big data achievements were recognized at the 2023 TITAN Innovation Awards, earning a prize for the best data accuracy globally.

Do you often struggle with budget overruns, uncertainty in supplier choices, and poor supplier quality?  These are common issues faced by procurement teams that haven’t yet embraced data-driven practices. But what exactly is data-driven procurement?  In essence, it’s about relying on analytics to make more informed decisions, whether it’s about sourcing suppliers, managing risks, or […]

In our previous articles, we discussed what data driven procurement is, its benefits, and how you can transform your procurement with a more data driven approach. We have emphasized time and again that this approach brings many significant benefits, one of which is mitigating risks. Procurement risks range from supplier reliability, price volatility, and quality […]

As an experienced procurement professional, you understand the importance of relying on accurate and real-time information to make decisions. From selecting suitable suppliers to ensuring timely purchases or navigating turbulent times—investing in tools that collect, analyze, and manage data can help you immensely in all these aspects of procurement. Moreover, relying on data can bring […]

Business environments are becoming increasingly data driven—that is an undeniable fact.  This also holds true for procurement, where the importance of data insights cannot be overstated.  Data empowers strategic decision-making based on concrete facts, leading to optimized procurement processes and significant cost savings. However, this is only achievable when you know how to manage your […]

Data stands as a valuable asset in procurement. It offers a clear window into your spending and empowers you to make informed decisions. However, the potential of procurement data extends far beyond spend analysis. In fact, data can be highly beneficial in sourcing the right suppliers, forecasting customer demands, improving supplier performance, and fortifying relationships […]

Veridion was included in ProcureTech’s esteemed list of the top 100 global procurement technology companies for 2023.

If you’re wondering what role data plays in procurement and how it can benefit your business, this article is for you.

Let this guide teach you what procurement data management is, why it’s important, and which tools you can use for it.

In this article, we’re discussing 5 important questions to ask yourself if your goal is to make your procurement more data-driven.

Empower your commercial lines with AI-collected data on SMEs. We can all agree that high-quality data is the pinnacle for top-performing insurance companies. Starting from this principle, we’ve tailored Veridion’s data solutions to serve the insurance and reinsurance industries with high-quality data on 80 million companies worldwide. And there’s no better place and time than […]

This article is going to discuss the challenges associated with data driven procurement and provide advice on how to overcome them.

Through this article, you’re going to discover the best practices to follow if you want to implement a data driven procurement strategy.

In this article, we’re uncovering the benefits of making your procurement processes more data driven.

In this guide, we’re revealing what data driven procurement is, how it can help your business, and how you can implement it.

Digitalizing the procurement world and automating the procurement process offers significant advantages for businesses. From reducing manual mistakes to enhancing strategic sourcing and cutting costs, procurement automation is indeed the future of procurement practices in companies. However, despite its benefits, procurement automation also comes with its fair share of challenges. And if not managed properly, […]

Keen to know what is procurement automation? No, it’s not just a trend but a necessity. Discover its power and upgrade your processes.

The procurement department faces mounting pressure to streamline workflows, reduce errors, and optimize costs.  Thankfully, with the advent of advanced technology and innovative tools, automating certain procurement processes is not only possible but also immensely beneficial.  In this post, we’ll delve into six key processes within procurement that, when automated, can elevate your organization’s efficiency, […]

We bring you the list of procurement automation tools you can’t afford to miss: Veridion, Tipalti, Procurify, Precoro. Find your best fit!

Veridion is excited to be attending the DPW Conference in Amsterdam, the world’s largest and most influential tech event of the procurement and supply chain industry 🎉 The premiere procurement technology conference, held in the monumental Beurs van Berlage in Amsterdam, will take place on October 11-12, 2023. DPW is a digitally-minded, startup-driven event, and […]

For many procurement professionals, time is a luxury that is in short supply.  The culprit? More often than not, outdated procurement methods are full of tedious manual tasks. Fortunately, there’s a solution called automation. While it might appear complicated at first glance, automation comes with the promise of entirely remodeling the way the procurement process […]

Staying ahead of the curve with procurement requires more than just savvy strategies and keeping a finger on the market’s pulse. It calls for technological automation that improves traditional ways of doing business. In fact, the most productive companies leverage technology to streamline their processes and boost efficiency. That’s why, in this article, we’ll cover […]

Veridion is proud to be a part of the ProcureCon event in Barcelona to connect with like-minded innovators from top organizations and help them discover the next generation of AI-based data solutions for supplier discovery and supplier data management. Why you should connect with us 🤝 We profile any supplier globally with a digital presence, […]

Envision a world where comprehensive and accurate data on suppliers and their capabilities are available within seconds. Veridion transforms this vision into reality! Supplier Discovery powered by AI. Leaders in industries like pharma, semiconductors, and management consulting use our AI-powered Search API to access data about potential suppliers and act on key insights such as main business […]

The first half of 2023 has witnessed significant supply chain shortages in various sectors. Particularly alarming are the shortages in fourteen crucial cancer drugs, primarily cisplatin and carboplatin. Such interruptions put the lives of over 100,000 cancer patients at risk. This article provides insights into the current state of this shortage and suggests potential strategies, […]

The semiconductor shortage has been a critical issue since early 2020, with prospects remaining bleak into 2023 and beyond. Initial forecasts have shown that semiconductor manufacturing capacity growth will likely remain inconsistent until at least 2026. This semiconductor deficit, predominantly affecting mature technologies, impacts several sectors, including industrial and automotive. The implications of such a […]

13.07.2023, București Veridion anunță realizarea excepțională a echipei AIsite, marea câștigătoare a primei ediții a hackathonului Hacking Big Numbers, care a avut un total de premii acordate de 13000 de euro. După trei zile intense de codare, în mijlocul unei competiții acerbe cu alți 50 de participanți talentați, împărțiți în 14 echipe, echipa AIsite a […]

https://youtu.be/WznmoHh8h0M Hackathons are the perfect platform for innovation, creativity, and problem-solving. In this article, we present unique problem ideas that blend artificial intelligence (AI) and business, offering a fresh perspective for your next hackathon. These challenges range from crafting company descriptions from images, summarising business operations in five words, to detecting website clones from screenshots. […]

In the first half of 2023, supply chain shortages have continued to be a pressing issue. Initially sparked by the pandemic, these shortages have been perpetuated by various factors, such as geopolitical conflicts and disruptions in shipping, creating significant challenges for many industries, particularly manufacturing. Additionally, specific commodities like copper, nickel, and adhesives will pose […]

Empower your commercial lines with AI-collected data on SMEs. We can all agree that high-quality data is the pinnacle for top-performing insurance companies. Starting from this principle, we’ve tailored Veridion’s data solutions to serve the insurance and reinsurance industries with high-quality data on 80 million companies worldwide. And there’s no better place and time than […]

Supplier Discovery powered by AI. Envision a world where comprehensive and accurate data on suppliers and their capabilities are available within minutes. Veridion transforms this vision into reality! We are thrilled to announce that we’re showcasing our innovative data solutions at the Gartner Supply Chain Symposium XPO. Currently, leaders in industries like pharma, semiconductors, and […]

21 Feb 2023 – Veridion (formerly known as Soleadify) announces a $6 million round to finance their proprietary AIs that are specifically trained to understand the global business landscape, enabling their clients, including tier 1 consultancies and market intelligence firms, to access reliable data on 80 million businesses worldwide, saving thousands of hours of manual […]

The current state of supplier discovery   €920 Billion (~$970 Billion USD) – that’s the estimated GDP loss from 2020 to 2023 caused by supply chain disruptions and adjacent challenges (like the COVID19 and the war in Ukraine). And that’s just for the Eurozone! To put the magnitude of this loss into perspective, this amount […]

For the first time in history, we can directly trace massive problems to bad data and, at the same time, have the ability and the right tools to build systems that address these problems for the long run: high-quality data as infrastructure.- Florin Tufan, CEO @Soleadify   The way companies use data for making decisions […]

For the first time in history, we can directly trace massive problems to bad data and, at the same time, have the ability and the right tools to build systems that address these problems for the long run: high-quality data as infrastructure.- Florin Tufan, CEO @Soleadify   The way companies use data for making decisions […]

As an engineer If you had a penny for each time you rolled your eyes when you got approached for a job, what would you do with the money? Even more disappointing if you’re a Senior, since inflation is probably deflating the value of this imaginary hard earned piggy bank as we speak. Can you even […]

Soleadify Partners with Sapiens to address the misclassification of Small and Medium Size Businesses during insurance underwriting   (Toronto, Canada) Soleadify, an AI-based small and medium-sized business (SMB) data company, are pleased to announce their strategic partnership with – Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, to reduce the […]

  The global supply chain is under pressure. From natural disasters to unexpected surges in demand, companies are finding that their supply chains are not as resilient as they once thought. COVID-19 and the current instability in Europe are just the latest examples, with an estimated $4 trillion (so far) in lost revenues for organizations […]

A lot of wisdom comes from experience. You learn by doing and that knowledge sticks with you forever. However, learning by doing takes an excruciatingly long time. Naturally, the next best thing is to learn it all from books and apply what you have learned wherever you need to. If you ask us, books are […]

Can a deep understanding of a business’s digital footprint solve the classification problem that causes billions in losses in industries like insurance and lending? At Soleadify, we think it can. Let’s start by defining the terms and understanding the numbers. A digital footprint is the sum of a business’ online activities and external mentions. Any […]

One of the most significant challenges in the modern procurement sector is supply chain discovery. From increasing magnitude and scope of vendor risk, as well as inconsistent product availability to expanding regulatory frameworks, the complications in the whole process are endless.  In an attempt to be more competitive and efficient, many business models resort to […]

The internet is a wonderful place, full of massively important conversations and debates such as: was Will Smith right to slap Chris Rock in the face on arguably the most prestigious stage in the film-making industry? Truly groundbreaking stuff. But shortly before the internet was watching “Slap-that-Celebrity”, there was a raging debate upon whether there […]

In business, we ALL fill out forms. For most of us, that’s a weekly event, and for many of us, it happens multiple times per day. The list of forms we must fill out is a long one, especially for those of us who work in sales or marketing roles. Registration forms for webinars and […]

Cybersecurity Risk is no longer a technology risk: it’s WAY bigger. And, the perfect storm is happening now.   According to The Indian Express “the Log4j vulnerability–first reported on Friday– is turning out to be a cybersecurity nightmare that likely impacts a wide range of products from Apple’s iCloud to Twitter to Microsoft’ Minecraft and […]

Everyone knows what you mean when you ask them, “do you trust the data you use?” And everyone WILL answer you. Perhaps not articulately, but they will have an opinion. “It’s decent”, or “it’s crap”, they will say, and so on. But don’t ask anyone to define what trust is […]