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Pioneering AI/Agent-Based Concepts: Hansen was discussing and implementing AI concepts (like “advanced self-learning algorithms”) in procurement as early as the late 1990s, almost two decades before major analyst firms like Gartner started prominently featuring AI.
In the July 2008Procurement Insights post Procurement considerations when dealing with a merger? (A What are some best practices to promote optimal adoption of the governing policies and procedures in the absence of spend management technology? FROM CANDY. FROM CANDY. Just ask a candy company in the U.S.
EDITOR’S NOTE: More than two decades ago, the foundational elements for successfully utilizing advanced, self-learning algorithms to optimize the procurement process using an agent-based model were well established. Monte Carlo) used to determine supplychainoptimization. If so, what was it?
Below are the oldest procurement blogs identified from the web results, ranked by their earliest documented or implied launch date, with details on their content, longevity, and relevance to procurement professionals. Content: Covers procurement technology (e.g., organizational founding, industry presence).
It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025. Analytics and insights from procurement data were minimal.
However, Hansen’s deep process analysis is gaining traction among innovators seeking adaptive, AI-driven procurement. Strand Commonality Integration : ~30% of platforms now use data pattern recognition to link procurement, logistics, and finance silos, though few fully operationalize Hansen’s strand commonality framework.
Supplychains are particularly vulnerable during recessions. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable. A resilient supplychain is one that can absorb shocks and continue functioning with minimal disruption.
White Paper: Projected Adoption of Hansen Fit Technologies (2025–2075) Abstract This white paper outlines the projected adoption trajectories and anticipated impacts of Hansen’s Metaprise, agent-based automation, and strand commonality models in procurement and supplychains.
Coupa, Jaggaer, Ariba) is a critical factor in procurement success or failure, given their overlapping goalsstreamlining processes, integrating data, and optimizing spend. Historical flopslike Queensland Healths 2010 SAP payroll debacleshow ERP failures poisoning procurement downstream (vendor payments broke).
Twenty twenty-five is starkly different: the next global war has already begun, and it’s unfolding not on distant battlefields, but right through the supplychains that you rely on. Your supplychain is already directly in the line of fire. Worse, we lack a coherent strategy to counter this "long war" already underway.
EDITOR’S NOTE: This post is inspired by the following comment in a related discussion stream on LinkedIn: Conference Attendance: Past 20 Years Qualitative Trends Over 20 Years 20052010: Steady Early Growth Conferences like ISM World (founded earlier) and SIGs Procurement Technology Summit began formalizing procurement as a strategic function.
EDITOR’S NOTE: The following is a reprint of the March 25th, 2015 article The Impact Of An M&A On The Procurement Department This morning I read a post by Roz Usheroff regarding the just announced merger between Kraft and Heinz, and how an employee can both survive and thrive when an M&A occurs.
3 GEP 1999 Established in 1999, a pioneer in procurement software with 25+ years. 4 Zycus 1998 Founded in 1998, a veteran in cognitive procurement solutions. 7 ProPurchaser 2008 Started in 2008, newer but focused on negotiation tools. 8 Keelvar 2012 Founded in 2012, a decade of experience in sourcing optimization.
My First Procurement Insights Post on Strand Commonality (Excerpt) – Optimization Modeling and the Modern SupplyChain (A PI Q and A) by JonHansen (March 2008) Numerous studies and reports have been published on the various methods (e.g., Monte Carlo) used to determine supplychainoptimization.
The core principle of TOC is that every system has at least one constraint that determines its overall output, and by optimizing that constraint, significant improvements can be achieved. A slow supplier in procurement. Continuous Improvement: Encourages a proactive approach to process optimization.
The deal was reworked to raise the price floor in both 2002 and 2008, before a new agreement that separated pricing categories for different types of tomatoes was signed in 2013. agreed to pause its investigation that same year after Mexico agreed to sell tomatoes at a set minimum price. border entries for bulk tomatoes.
MUSING #1 In the age of information, it’s surprising that supplychain digital transformation isn’t as readily available as one would expect. Are you optimizing your negotiations amidst all of the chaos? So, I put the following search term into Google, “optimizing your negotiations amidst all of the chaos?
Subscribe to SupplyChain Game Changer. At SupplyChain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series at SupplyChain Game Changer.
This year, I will be closing in on the 2,000th blog post on Procurement Insights dating back to May 2007. Once again, when you recognize this elemental difference, you will then take the first steps towards building an effective optimization model.” So, do my writings stand the test of time?
Managing and optimizing a supplier’s performance is as essential as it is difficult. Supplier performance management provides detailed information about the risks your suppliers may have, so you can take action to reduce or eliminate risks in your supplychain. Price isn’t everything. How is it possible?
” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for Chief Procurement Officers in 2025?” What are the Top 3 concerns for Chief Procurement Officers in 2025? What are the Top 3 concerns for Chief Procurement Officers in 2023?
Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supplychain visibility, risk management, and flexibility in sourcing and logistics. SupplyChain Visibility and Risk Management 3. Flexible Procurement and Logistics Solutions 4.
Subscribe to SupplyChain Game Changer. Duration of disruption may last around for 3 years down the line but alternative scenarios range from one to five years, Disruption still underway if HSFO-LSFO spread incentivizes previously uneconomic refinery optimization. Subscribe Here! Email Address. & Why now? m/m of Sulphur cap.
Procurement is the function in companies that, on a general level, takes care of sourcing, managing vendors and tracking spend. In the latest years, the need for digital procurement tools has arisen as businesses have entered a more rapid digital transformation process. What is the role of procurement in different industries?
While dealing with the ongoing inflation, companies must navigate supplychain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. Recession planning involves cutting costs, optimizing cash flow, inventory management and foolproofing operations.
Coming on top of a very difficult and complex existing situation, Covid-19 has put additional pressure on profitability and capital requirements in the banking sector in the European Union and Africa, with drops in revenue in the order of 35-45% and the lowest return on equity since the aftermath of the great crash of 2008.
Van Gundy believes the corporate landscape is different from what it was in the early 2000s and during the Great Recession of 2007-2008. So even those who say they will invest the money wisely might be unable to fully follow through on their plans. The mindset has changed a little bit,” he says.
This happened during the COVID-19 pandemic , and added to the food supplychain woes that came from disruptions and bottlenecks around the world, leading ultimately to shortages and inflation. Featured Product Popular Stories Argentina: A New Opportunity in Latin America’s Industrial Sector Global SupplyChain Management U.S.-Swiss
ProcureTech Investments: Market Growth: The procurement software market was valued at $8.65 thebusinessresearchcompany.com Adoption Rates: A significant majority (83%) of Chief Procurement Officers have prioritized digitizing their procurement processes, underscoring the growing emphasis on ProcureTech solutions.
Combined, each article serves as an indication of what I had envisioned in the late 1990s and early 2000s, when the government’s Scientific Research & Experimental Development (SR&ED) program funded my “strand commonality” research and its impact on strategic procurement practices. approved supplier, spend category).
” Seemingly separate strands of economic, procurement, and political activity intersect. .” ” Seemingly separate strands of economic, procurement, and political activity intersect. Patterns repeat , especially when traced across supplychains, political risk, economic policy, and procurement cycles.
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