Procurement glossary

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Do I need to replace my ERP or procurement tools?

No, it's added as a layer on top of your existing IT landscape.

Can the AI independently trigger orders or make decisions?

No. ivoflow is designed as a system that supports decision-making. The AI never independently triggers automated business processes such as purchase orders. Final review and approval always rest with your team – the AI provides the analysis, people make the decision.

Does a company need to introduce all four types of analytics at once?

No. The four types build on each other. Most procurement organizations start with descriptive dashboards and add predictive and prescriptive models only once data quality and structure are in place. The company's maturity level sets the pace, not a fixed timeline.

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Whitepaper

Discover 10 strategic procurement levers to reduce costs, minimize risks, and create sustainable value in volatile markets.

Download the Whitepaper

Whitepaper

Discover 10 strategic procurement levers to reduce costs, minimize risks, and create sustainable value in volatile markets.

Download the Whitepaper

Procurement Trends and more

Stay up to date.

Whitepaper

August 6, 2026

Supplier Claim Check: Separate justified claims from avoidable ones

Supplier price-increase claims arrive faster than most teams can check them, and each one looks plausible on its own. Under time pressure, many get approved without a real check, and avoidable increases quietly erode margin. This playbook shows how procurement teams test every claim against its real cost drivers, using market indices, currency effects, internal prices, and comparable parts to tell the justified share from the negotiable one. A worked example follows one claim from a requested +6.0% down to the 1.3% that held up. Built for CPOs, heads of procurement, and category managers who want to pay what is justified and negotiate the rest.

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Blog

September 3, 2026

Procurement 2026: How Procurement Is Turning From a Cost Center Into a Profit Engine

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Blog

August 24, 2026

5 Tips for a Supplier Claim Check: How to Push Back on a Supplier Price Increase

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Blog

August 19, 2026

AI Terms in Procurement Explained: ML, GenAI, LLMs, NLP, and AI Agents

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Blog

August 11, 2026

Dual Sourcing: How Companies Make Their Supply Chains More Resilient and Reduce Procurement Risk

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Let us show you how ivoflow can turn your procurement organization into a real value driver. Together we will find the perfect solution for your company. Feel free to give us a call or e-mail us today!

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