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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.
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.
The vendor selection process is one of the most important decisions a business can make. Choosing the right vendors not only affects your day-to-day operations but can also have a long-term impact on your company's profitability, reputation, and overall success. In today’s competitive landscape, it’s more crucial than ever to partner with suppliers that align with your company’s goals, values, and needs.
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.
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.
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.
Subscribe Valuable Ways to Improve Supply Chain Efficiency! Efficient supply chain management can make or break a business in today’s fast-paced market. Companies that optimise their logistics reduce costs, improve delivery times, and gain a competitive edge. Whether you run a small enterprise or a large corporation, refining your supply chain is essential.
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.
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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.
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.
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.
Enterprises today must treat strategic sourcing as a driver of long-term value rather than simply a cost-cutting measure. With rising supplier risk, evolving ESG mandates, and increasing pressure to innovate, traditional sourcing approaches can no longer keep up. Leading organizations are rethinking how supplier relationship management and how they manage spend categories, and they’re looking to collaborate more efficiently and effectively across functions.
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.
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.
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
“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.
Explore the evolution of global supply chains into complex networks, emphasizing resilience, strategic leadership, and the impact of AI on managing these intricate systems.
AI procurement software is already reshaping how leading teams make decisions, reduce risk, and find new value. But how do you transform early pilots into enterprise-wide projects that make an impact? Making artificial intelligence in procurement functional and beneficial requires more than just experimenting with models and algorithms. Successful implementation requires a careful look at how to integrate AI within existing systems and processes while staying ahead of risk, governance, and data
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
“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.
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.
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
Summary: Procurement is evolving with AI, data analytics, and automation, requiring modern skills beyond cost-cutting.… The post Winning the Procurement Talent Battle: Strategies for Attracting and Keeping Future Leaders first appeared on Procurement Blog | Procurement & Supply Chain News.
From voice agents that over-deliver (literally) to automation investments that fall flat—AI and automation are shaking up the supply chain world. But are we moving too fast? And are we even solving the right problems? In this episode of Let’s Talk Supply Chain – News Edition , we’re joined by three powerhouse CEOs to unpack the bold, the broken, and the just plain bizarre realities of AI in logistics: Keith Moore , CEO of AutoCuler AI Oana Bradulet , CEO of Lumina Gaurav Khandelwal , CEO of Velo
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.
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.
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
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.
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.
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.
EDITOR’S NOTE: Not that we are ready to retire anytime soon, but there was (and still is) something special in the way that the original procurement industry bloggers engaged and supported each other whether we were in agreement or not. While our exchanges could be sharp, sometimes grumpy, they were always thorough and committed to having a positive impact on an industry we felt fortunate to be a part of – procurement.
Press Releases / Arkestro Announces Strategic Relationship with BDO USA to Expand and Secure Predictive Procurement Transformation Services Arkestro Announces Strategic Relationship with BDO USA to Expand and Secure Predictive Procurement Transformation Services Global predictive procurement platform Arkestro aligns with BDO USA to support its management consulting business and supply chain and procurement practice.
Subscribe How is Blockchain Technology Revolutionary? Supply chain has long relied on paperwork and phone calls to figure out where things are. Products move from factories to warehouses to stores. They may cross multiple countries. Every handoff creates an opportunity for delays or mix-ups. Blockchain is starting to fix that. Keeping a shared and unchangeable record of every step helps companies see exactly where goods are and when they were moved.
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.
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 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.
Supply chain planning leaders spend long hours establishing and improving planning processes with a strong focus on process discipline and technology enablement. Supply chain planning leaders must apply the same rigor to cultural change to succeed in enabling planning processes through the right behaviors.
Skip to main content CONTINUE TO SITE ➞ 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.
Infographic – Low-Cost Country Sourcing (LCCS) Map 1. Definition Source goods from countries offering significant… The post Infographic – Low-Cost Country Sourcing (LCCS) Map first appeared on Procurement Blog | Procurement & Supply Chain News.
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.
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