Trending Articles

article thumbnail

The Role of Procurement in Supply Chain: Key Strategies for Success!

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! In today’s competitive business landscape, effective supply chain management is crucial for organizations to thrive. At the heart of supply chain management lies the role of procurement, a strategic function responsible for sourcing, acquiring, and managing goods and services essential for business operations.

article thumbnail

The Complete Guide to Procurement Orchestration for Supply Chain Efficiency

HICX

Streamlining procurement processes is essential for running a smooth and efficient supply chain. Procurement orchestration offers organizations a practical approach to improving purchasing and procurement activities across any industry. Integrating procurement activities ensures that each step aligns with business goals and reduces costs while maximizing value.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The evolution of the procurement professional’s responsibilities 1980 to 2050.

Procurement Insights

Today’s post is inspired by a LinkedIn post from Miroslav Pitlantic. If we are going to prognosticate about future technology, we might as well also forecast the evolution of the procurement professional. Based on the RAM 2025 Model 1, Level 1 assessment, what does that future look like? Today’s Procurement Insights post serves as a starting point for addressing this question.

article thumbnail

Indirect Procurement: Why It Gets Mismanaged and How to Fix It

ivalua

Indirect procurement sometimes flies under the radar, but its impact on cost, compliance, and efficiency can be significant. For many enterprise teams, managing indirect spend feels like a reactive process that’s out of sync with business goals. While juggling decentralized requests, surprise renewals, and one-off contracts, enforcing policy and staying on budget is no easy feat.

article thumbnail

Precision in Motion: Why Process Optimization Is the Future of Manufacturing

Speaker: Jason Chester, Director, Product Management

In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.

article thumbnail

From Corporate Cards to Control: How 3rd Generation Builders Revolutionized Their Procurement Process

Procurement Express

In the high-stakes world of luxury construction, where million-dollar homes are the norm and precision is non-negotiable, every detail matters—including how you manage procurement. For 3rd Generation Builders, a family-owned construction company that’s been crafting beautiful homes in New York’s Hudson Valley since 1996, the journey from scattered corporate cards to centralized procurement control marks a pivotal moment in their nearly 30-year history.

article thumbnail

Fast, wrong and invisible: How bad data destroys good AI

Spend Matters

As part of our analyst research into AI in procurement , its use cases, its capabilities and how supporting technologies compare, which forms part of our digital transformation survival guide , we are pleased to include these personal insights on the valuable role of data in AI from Iyyappan Chandramouleeswaran , a source-to-pay transformation specialist and ex-management consultant.

More Trending

article thumbnail

Landed Cost: Complete Guide to Calculating Total Import and Product Costs

Finale Inventory

Understanding Landed Cost: The True Inventory Expense Landed cost represents the complete expense required to bring inventory to a sellable state. This all-inclusive figure goes beyond basic purchase price, encompassing freight, duties, insurance, and handling fees. For importers, e-commerce brands, and wholesale distributors, understanding what is landed cost is essential for protecting profit margins.

article thumbnail

Infographic – 10 Real-World Cost-Saving Tactics Used by Procurement Companies

Procurement Freelancers

This blog post shows an infographic stress 10 practical cost-saving strategies working by procurement companies… The post Infographic – 10 Real-World Cost-Saving Tactics Used by Procurement Companies first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

8 Supply Chain Challenges and How Companies Can Overcome Them!

Supply Chain Game Changer

The Resilient Supply Chain! Passing Fad or Long Term Strategy? Supply chains come with diverse challenges, ranging from supplier risks to unpredictable exchange rates. However, by being informed about such potential issues and staying proactive, supply chain obstacles can be overcome to maintain successful operations. Here’s a look at eight Supply Chain challenges you should be aware of, with strategies to overcome them. 1.

article thumbnail

What is a procurement managed service?

Barkers Procurement

In a rapidly evolving business environment, organisations need to be constantly looking for ways to drive efficiency, reduce their operational costs, and remain agile in the face of stiff competition. One increasingly popular and effective strategy is the use of a procurement managed services – a model that blends specialist procurement expertise with the professional delivery of ongoing services.

article thumbnail

Reducing Global Lead Times To Improve Customer Experience At Becton Dickinson

Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory. How BD Biosciences was successful in reducing global distribution lead times between 30% and 60% in addition to: Increasing agility to prioritize urgent and ad-hoc customer requests Increasing global

article thumbnail

Unpacking Nico Bac’s DPNow Mapping With Additional Extraction From Spend Matters Solution Map And Art of Procurement Directories

Procurement Insights

EDITOR’S NOTE: The following is the RAM 2025 Model 1, Level 1 assessment of Nico Bac’s DPNow Mapping, corroborated by Spend Matters Solution Map and Art of Procurement directories. Please note that this is a preliminary assessment using only one (1) model of six (6) and one (1) level of five (5). As we delve deeper into the assessment process, the algorithm rankings can and will often change as a result of the vetting process.

article thumbnail

Coming Unchained to Embrace Global Supply Networks

Art of Procurement

Explore the evolution of global supply chains into complex networks, emphasizing resilience, strategic leadership, and the impact of AI on managing these intricate systems.

article thumbnail

Top 8 Procurement Challenges and How to Solve Them

Procurement Freelancers

Procurement professionals constantly juggle complex priorities – tight budgets, quality standards, supplier reliability, and evolving… The post Top 8 Procurement Challenges and How to Solve Them first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

How Forex Volatility Affects Supply Chain Costs!

Supply Chain Game Changer

Subscribe Tips to Start Investing in Forex Trading! The Foreign Exchange Market, or Forex, is where global currencies are traded. It’s a massive, fast-paced market that operates 24/7. Prices here shift constantly as currencies fluctuate against each other. Forex volatility refers to these frequent and sometimes unpredictable price changes. It happens due to several factors, including geopolitical events, economic data releases, central bank decisions, and even market speculation.

article thumbnail

Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“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.

article thumbnail

What are procured managed services?

Barkers Procurement

In a rapidly evolving business environment, organisations need to be constantly looking for ways to drive efficiency, reduce their operational costs, and remain agile in the face of stiff competition. One increasingly popular and effective strategy is the use of procured managed services – a model that blends specialist procurement expertise with the professional delivery of ongoing services.

article thumbnail

What specific skills does it highlight that aren’t on most procurement radars yet?

Procurement Insights

“Another comment that caught my attention was the position taken by one panel member that out of his organization’s 20,000 suppliers, only a few (i.e., 100) will merit engagement from a strategic perspective. As a result, there is going to be a continuing need for what was referred to as “low-level” buyers. However, the same individual concluded that “one strategic business thinker with the right skills and capabilities is worth 10 or 12 of your normal, run-of-the-mill purchasing people.

article thumbnail

Negotiation for Procurement and Supply Chain Professionals: Award Winning Author Releases 4th Edition of Essential Guide To Negotiation

Positive Purchasing

Published by Kogan Page on 3 August 2025Paperback, £54.99/$72.00 Negotiation for Procurement and Supply Chain Professionals, now in its 4th edition, is a step-by-step approach to delivering winning negotiations with tools and tactics for purchasing and supply chain professionals. Author Jonathan O’Brien with 30 years of experience, has helped equip global organizations to increase their purchasing capability through digital platforms, training, education and working directly with practitioners a

article thumbnail

3 ways AI optimizes procurement

Supply Chain Dive

Skip to main content Dont miss tomorrows supply chain industry news Let Supply Chain Dives free newsletter keep you informed, straight from your inbox. Daily Dive M-F Operations Weekly Every Tuesday Procurement Weekly Every Thursday Logistics Weekly Every Wednesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy.

article thumbnail

Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

Speaker: Jason Cottrell and Gireesh Sahukar

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.

article thumbnail

7 Strategies to Optimize Your Medical Equipment Supply Chain!

Supply Chain Game Changer

How to Increase Transparency in the Medical Device Supply Chain! In any business, supply plays an important role. It ensures you dispose of your manufactured goods to your ideal customers. It’s the only way to get output from your investments in the production process. Based on this, an efficient supply chain is a must-have, despite the industry. Suppose you’re in the medical equipment business.

article thumbnail

How Fleet Management Systems Resolve Route Planning Challenges in Logistics

SCMDOJO

Fleet management systems resolve route planning challenges in logistics by improving operational control, enhancing delivery accuracy, and reducing transportation costs. They streamline complex decision-making using real-time data, automation, and intelligent algorithms. Route optimization becomes faster, more precise, and responsive to changing conditions.

article thumbnail

Assessing And Actionizing James Meads’ Q3 Procurement Tech Map

Procurement Insights

THE HANSEN SCORING SYSTEM (THE ANTHROPIC MODEL’S ORIGINS IN 1998) Based on my research of the Hansen Fit Score methodology and its theoretical foundations, I must significantly revise my earlier assessment. The additional context about the deep theoretical underpinnings fundamentally changes my evaluation of both models. Revised Assessment of Model 1 and Model 3 Findings Overall Agreement: Substantially Agree – with important qualifications Major Revision to My Initial Assessment Aft

article thumbnail

Three Questions to Consider Before Collaborating on Supply Chain Innovations

Supply Chain Brain

Advertise Contact Us Supplier Directory SCB YouTube About Us Login Subscribe Logout My Profile LOGISTICS Air Cargo All Logistics Facility Location Planning Freight Forwarding/Customs Brokerage Global Gateways Global Logistics Last Mile Delivery Logistics Outsourcing LTL/Truckload Services Ocean Transportation Parcel & Express Rail & Intermodal Reverse Logistics Service Parts Management Transportation & Distribution TECHNOLOGY All Technology Artificial Intelligence Cloud & On-Dema

article thumbnail

State of AI in Sales & Marketing 2025

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.

article thumbnail

Profitability Analysis: Complete Guide to Measuring and Improving Business Performance

Finale Inventory

Profitability Analysis: The Key to Inventory-Based Business Success Ever wonder why inventory-heavy sellers can look profitable on paper yet struggle with cash flow? Profitability analysis bridges the gap between accounting figures and everyday product decisions, transforming raw data into actionable intelligence. This guide provides essential formulas, templates, and integration strategies to evaluate performance across SKUs, product lines, and sales channels.

article thumbnail

State of Supplier Management 2025 (Part 3): Optimizing Supplier Performance Management for Strategic Impact

CPO Rising

Did you miss the recent webinar “Proactive Supplier Risk Management Requires a Solid Data Foundation, featuring Andrew Bartolini, founder and chief research officer for Ardent Partners, and William McNeill, VP,… The post State of Supplier Management 2025 (Part 3): Optimizing Supplier Performance Management for Strategic Impact appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

article thumbnail

How to Choose the Right Contract Lifecycle Management (CLM) Software: The Ultimate Checklist

ContractSafe

Contract lifecycle management software (CLM) should simplify your life, not complicate it. The right tool saves time, reduces risk, and helps your business grow. However, with so many solutions available, it’s easy to feel overwhelmed and unsure where to start. This checklist is designed to help you cut through the noise and identify what you need now, and what will continue to work as you expand, without unnecessary complexity or high costs.

article thumbnail

What Do The Procurement Insights Archives Say About The Gartner ADOPT Principle and The Hansen Fit Score?

Procurement Insights

MODEL 5 Based on my deep dive into the Procurement Insights Archives, I’ve gained several crucial additional insights that significantly enhance and validate our previous analyses: Major Additional Insights from Procurement Insights Archives: 1. Fundamental Distinction: Agent-Based vs. Agentic AI The archives reveal a critical distinction: “When organizations make the mistake of leading with technology, they are bending their people and processes around an equation-based model approa

article thumbnail

How to Modernize Manufacturing Without Losing Control

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

article thumbnail

What if expense management could improve forecasting accuracy instead of undermining it? — Free download

Spend Matters

Expense management is often treated as an afterthought, something to clean up at the end of the month or the quarter. But what if it could do more? In our latest white paper, Improving Expense Management for Financial Forecasting and Control: A Finance – Procurement Alignment Approach , we lay out a pragmatic roadmap to transform expense management from a reactive administrative task into a proactive source of financial insight.

article thumbnail

Five Ways to Mitigate Supply Chain Risks in Retail and Manufacturing

Supply Chain Brain

A volatile geopolitical environment, coupled with sophisticated cyber threats, underscores the need for a sound, five-step supplier risk-mitigation strategy.

article thumbnail

State of Procurement (A Retrospective): Insights from the 2012 Agenda

CPO Rising

The role and strategic agenda of the chief procurement officer (CPO) have evolved over the past decade. In a new weekly series from Ardent Partners, we revisit what defined procurement… The post State of Procurement (A Retrospective): Insights from the 2012 Agenda appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

article thumbnail

Weighted Average Inventory Method: Complete Guide to Calculation and Implementation

Finale Inventory

Weighted Average Inventory: The Modern Solution for Dynamic Product Costs For rapidly scaling e-commerce and wholesale brands, managing fluctuating product costs is a significant challenge. As inventory levels and purchase prices shift with market conditions, maintaining accurate cost records becomes increasingly complex. The weighted average inventory method offers a practical solution gaining popularity in cloud-first accounting systems.

article thumbnail

From Basic to Brilliant: Early Optimization of Material and Transport Planning

Explore how a global manufacturing organization steadily advanced its supply chain maturity – starting with basic transportation management and evolving towards a fully integrated, optimization-driven planning approach. Get an inside look at a multi-year 4PL collaboration journey, culminating in the implementation of 4flow TORO to unlock the full potential of early optimization in material and transportation planning.