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Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. Understanding these differences is essential for businesses that want to optimize operational efficiency and safeguard against costly errors.
While the worlds been busy debating tariffs and reshoring strategies, a quiet policy shift is sending shockwaves through e-commerce: the repeal of the U.S. de minimis provision.
In last weeks CPO Crunch I covered the rise of the term agentic in the context of AI and how it has become one of the most-used words in the corporate lexicon in 2025. In doing so, I referenced a piece of thought leadership from over 15 years ago. This week, Im going even further back in history to the early 1980s and the publication in the Harvard Business Review of Peter Kraljics seminal article, Purchasing must become supply management.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
State of Flux has launched the survey that will inform its 17th annual global Supplier Relationship Management (SRM) Research report. The report is known for being the most thorough interrogation of supplier relationships in a market that mostly focuses on supplier management. As a Spend Matters analyst noted in 2022, State of Flux developed its approach based on the realization that many organizations practicing SRM do only Supplier Management.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
As Procurement teams are tasked to do more with less in an increasingly complex and uncertain market, digitization has become a must. Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. Vendors naturally make promises on the speed and level of value realized from their platforms, but 3rd party validation and actual results from past projects is needed to validate such claims and better build your own bu
Just like a GPS is useless without reliable location data, AI and automation fail when execution data is inaccurate, delayed, or incomplete. In this session, Anand will break down why data quality is the hidden foundation of resilient, AI-ready supply chains.
For our series on aligning finance and procurement for cash flow optimization and liquidity we have published an introduction to each of the phases that make up that alignment. See: Phase 1: Understanding the Foundations Phase 2: Identifying common cash flow misalignments Phase 3: Structuring the collaboration for cash flow optimization Phase 4: Leveraging technology for cash flow enhancements And read our Executive Summary here.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
The Importance of Weather Monitoring in Construction! For those plugged into the tech world, the words “software” and “construction industry” might not immediately seem like they belong in the same sentence. But wait till you hear about the revolution happening right under our digital noses. Enter the game-changer: Equipment Management Software.
In the context of today’s post, here was my reply to Mario: Mario A. Gonzlez , thank you for the added insight. However, check out the following excerpt and the corresponding image below, and let me know your thoughts on how it impacts your comment: “Many CPOs and CIOs cite Gartner to justify shortlist decisions, even when internal teams express concerns about vendor suitability.
Target Chief Commercial Officer Rick Gomez said that the retailer has reduced the share of products it sources from China from 60% in 2017, to 30% today.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Learn more about navigating tariffs on June 17 in a webinar cohosted by Spend Matters and Alix Partners. The US administrations announcement of reciprocal tariffs in early April sent a jolt through global supply chains. And while a subsequent 90-day pause offered temporary relief, it did little to ease the underlying tension. For many Chief Procurement Officers (CPOs), the real message was clear: Volatility is back, and this time, it demands faster, more coordinated and more data-driven response
Subscribe Key Benefits of Increased Visibility in Last Mile Delivery! Picture this. Your business is booming, orders are flying in, and you’re drowning in a sea of shipping labels and tracking numbers. It’s exciting and chaotic, but without the right tools, it can turn into a logistical nightmare. Enter shipment management software—a lifesaver for businesses looking to streamline their shipping processes and maintain their sanity.
EDITOR’S NOTE: For me, the three would be Niki Lauda, Jackie Stewart, and Emerson Fittipaldi. In case you haven’t picked up on it, which is possible, all three of the above names I shared for 2025 are FI race car champions. Now, you may wonder what that has to do with the procurement profession and AI. As you will soon discover, everything, especially when it comes to the development of today’s procurement professionals.
A case study about integrated business planning with Gretchen Talley, global supply chain planning process owner with PepsiCo, and Dominick Metzger, president and chief product officer with SAP Supply Chain Management.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Following on from Phase 4 Leveraging technology to bridge the Finance-Procurement gap of our In-Depth Guide to aligning finance and procurement, Phase 5 looks at how to measure and sustain that success. Achieving true alignment between finance and procurement goes beyond initial collaboration it requires ongoing monitoring and measurement of shared objectives.
Subscribe The Electric Vehicle Charging Station Infrastructure! The rapid growth of electric vehicles (EVs) in recent years has been a game-changer for the automotive industry and the global transition towards sustainable transportation. Central to the success of this transition is the lithium-ion battery and battery charging , which is widely regarded as the key enabler for EV adoption.
Today is a follow-up to yesterday’s post What impact did Gartners late entry into Procurement and AI have on procurement practitioners and ProcureTech solution providers? If you haven’t had a chance to read it yet, please take a moment to do so. In the meantime, to create context for today’s post, here is the opening excerpt: Gartner began discussing artificial intelligence (AI) as a mainstream business technology much later than Jon W.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia
Successfully dealing with the evolving world of tariffs is among the benefits, beyond duty deferral, that foreign trade zones bring, says Maddi Krieger, FTZ solution engineer at QAD Inc.
For a company to be successful, the CFO and CPO need to work together. Table 1 shows key CFO priorities and how procurement can help meet them. By using data, automation and better processes, procurement can improve financial reporting, cut costs, support budgeting and manage risks. It also plays a big role in ESG goals and building strong supplier relationships.
7 Ways to Simplify Accounting in Your Business! In the dynamic world of accounting, understanding the intricacies of various financial elements can be the key to maintaining a clear and accurate financial record. One such often misunderstood yet critical concept is that of prepaid expenses. Though seemingly simple, their proper recording can make a vast difference in a company’s financial statements.
Today’s post is inspired by a comment in another LinkedIn discussion stream that touches on a topic that is rarely covered. So, what do the Procurement Insights archives have to say about the under-reporting of ProcureTech client successes? After a preliminary RAM 2025 4-Model run – emphasis on preliminary , here are the results: While there is no universally agreed-upon exact percentage, industry evidence and expert consensus suggest that only a small fraction of successful ProcureT
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
In the midst of economic and trade turmoil, its the responsibility of business leaders to develop and maintain effective relationships with supply chain partners.
Picture yourself at your local hardware store comparing two paint cans that appear completely identical, yet they have completely different price tags. Before digital tools entered the scene, thats almost exactly what procurement used to feel like. Today though? Estimating costs is no longer an art of educated guesses, its transformed into precision science.
Boost Workforce Resilience with these 5 Tips! The ability to coordinate professional job demands and personal life has become an important trend in the corporate world, with many small businesses leveraging it to attract top talents. Creating a fair balance between work and life can help companies achieve maximum productivity without hurting employee’s well-being.
In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.
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