Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain

Spend Matters

APRIL 15, 2025

Manufacturing and industrials: Strengthening the supply chain backbone In the manufacturing world, procurement is about much more than just tracking spend its the heartbeat of supply chain management. Supply network modeling, now integrating large language models (LLMs), allows for precise tracking and material tracing.

Real-time Visibility

Supply Chain Game Changer

JULY 22, 2025

Managing construction supply chain risks is critical to ensuring the successful completion of projects. Here’s a complete guide to handling construction supply chain risks. Assessing supplier performance and market trends helps prevent disruptions and manage budgets accurately.

Supply Chain Efficiency

Spend Matters

MAY 27, 2025

Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management. Ensure procurement data is linked to financial dashboards Procurement spend data must be available in real-time for financial forecasting and budget adjustments.

Real-time Visibility

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. This is especially true as many manufacturing procurement departments struggle with exactitude, efficiency, and unforeseen events that keep them from meeting their goals.

Supply Chain Optimization

Supply Chain Brain

JULY 17, 2025

Yet the complex supply chains behind those therapies are increasingly vulnerable. A System Under Strain The fragility of the medication supply chain isn’t theoretical; it’s happening in real time. Alarmingly, 7% attributed at least one medication safety event to a shortage-related issue. drug spending reached $37.1

Real-time Visibility

ivalua

JUNE 9, 2025

Inefficiencies are baked into the procurement process, wasting time and budget while leaving the door open to errors such as missed deadlines or incorrect orders. Payments AI enhances payment workflows by optimizing timing for early payment discounts and cash flow management. Supplier risk adds even more complexity.

Sourcing

Supply Chain Dive

JULY 21, 2025

Skip to main content Dont miss tomorrows supply chain industry news Let Supply Chain Dives free newsletter keep you informed, straight from your inbox. You can unsubscribe at anytime. times higher than operational emissions, according to data from the U.S. Environmental Protection Agency.

Supply Chain Efficiency

Supply Chain Brain

JUNE 16, 2025

Still, it can be just as disruptive to supply chain performance. Fleet management is a long game — budget cycles, replacement planning, technology roadmaps. Fleet managers oversee budgeting, cost controls, and maintenance expenses. Frequent changes at the top create ripple effects throughout the organization.

Leadership

TYA Suite

JUNE 22, 2025

These tools, which process raw data to glean insights, consist of: to comprehend previous procurement operations to determine the root causes of problems or behaviors to forecast future events, like price changes or supplier risks to recommend actions based on data-driven insights.

Procurement

Jaggaer

MAY 16, 2025

In many industries, procurement is responsible for managing significant budgets which means it holds a key lever for business performance. Procurement teams now include specialists such as category managers with deep market knowledge who drive sourcing events and significantly impact the companys bottom line.

supply chain budgeting

Procurement Insights

JULY 1, 2025

For example, it identified SAP Ariba as optimal for Duke Energy due to low implementation risk, demonstrating its ability to match solutions to enterprise contexts. supply chain bottlenecks) while maintaining enterprise-wide visibility. It supports AI-driven procurement by analyzing process dynamics and optimizing outcomes.

Agile and Lean Supply Chain

Procurement Express

DECEMBER 31, 2024

Travel and entertainment : Flights, hotels, meals, and employee events. Understanding these categories is the first step toward better visibility, smarter procurement processes, and tighter budget control. When you’re comparing direct and indirect spend, half the battle comes down to managing changes in the supply chain.

Spend management

Supply Chain Game Changer

MARCH 3, 2025

Forecasting: Suppliers must analyze historical sales data and consider local events for accurate stock forecasting. Visit trade shows and industry events to meet potential suppliers in person. Negotiating Terms and Pricing Effective negotiation is key to obtaining the best terms and pricing for beach gear supplies.

Sourcing

Let's Talk Supply Chain

JUNE 26, 2025

First, let’s talk about what’s happening in supply chain now and how women leaders can help. Right now, one of the biggest forces reshaping supply chains is the return of tariffs and shifting trade policies. How did your supply chain journey start? With new tariffs rolling out—especially between the U.S.

supply chain budgeting

Supply Chain Brain

JULY 28, 2025

The right provider will minimize disruption during deployment and offer phased implementation plans that match your capacity and budget. What does the cut-over to automation look like?” Lead times are important to understand,” Senn continues. You need to ask: How disruptive is it? Am I going to have steel erected for six months?

Real-time Visibility

Procurement Insights

JUNE 1, 2025

Companies leveraging this approach gain 612 months lead time to mitigate disruptions, optimize supply chains, and capitalize on emerging opportunities. Hansen’s strand commonality theory proposes that connecting seemingly unrelated data “strands” can uncover patterns that may signal impending risks or events.

supply chain budgeting

Finale Inventory

AUGUST 7, 2025

Landed cost touchpoint The weighted average inventory method becomes particularly valuable when managing complex supply chains where landed cost elements impact your product costs. Standard cost simplifies planning and budgeting but requires periodic adjustments (variance analysis) to align with actual costs.

Inventory

Supply Chain Brain

JUNE 9, 2025

But that’s not just expensive; it’s slow, prone to error (working a full shift in inventory counting is mind-numbing), and unsustainable, during peak season, labor shortages or budget cuts. The emerging class of AI-native inventory robotics is finally breaking this cost/accuracy tradeoff.

Inventory

Supply Chain Brain

AUGUST 3, 2025

The retail sector now faces mounting cost pressures and volatility, with ripple effects expected across the supply chain from manufacturers to store shelves. Supply chain visibility is critical for enabling more accurate demand forecasting and smarter sourcing strategic decisions.

Agile and Lean Supply Chain

Jaggaer

JUNE 25, 2025

According to Gartner’s 2024 Hype Cycle for Artificial Intelligence , predictive analytics is considered a traditional AI capability that is increasingly being integrated into enterprise application suites such as ERP, CRM, digital workplace, supply chain, and knowledge management systems.

Supply Chain Efficiency

Supply Chain Dive

JUNE 16, 2025

Skip to main content Dont miss tomorrows supply chain industry news Let Supply Chain Dives free newsletter keep you informed, straight from your inbox. Companies of all sizes are feeling the squeeze with capital expenditures under review, operational budgets tightening, and forecasts being more cautious than optimistic.

Agile and Lean Supply Chain

Supply Chain Brain

JUNE 24, 2025

Shopping behaviors are shifting, and consumers are scrutinizing products and labels more than ever at the point of purchase to ensure they align with their preferences and budgets," said Bob Carpenter, president and CEO of GS1 US. consumers, conducted for QR code company, GS1 US , found that 33% of U.S.

Price

Supply Chain Game Changer

JUNE 13, 2025

Financial Acumen That Drives Business Value Understanding financial reports and budgets doesn’t require a finance background—but it does require training. Operational and Process Optimization Running a business efficiently takes more than just effort—it takes a clear understanding of how systems work together.

Leadership

Supply Chain Game Changer

JUNE 21, 2025

From chartering entire ships for themed cruises to single-voyage agreements for special events, the options are abundant. This makes voyage charter agreements a popular choice for corporate events, music festivals at sea, and luxury travel experiences. Originally written for Supply Chain Game Changer and published on July 27, 2023.

Supply Chain Efficiency

Supply Chain Game Changer

AUGUST 3, 2025

Keeping your small to mid-sized contracting business running smoothly often hinges on unexpected events. Builder’s risk coverage protects live construction projects from unexpected events like weather damage or theft. Additionally, consider your budget and risk tolerance. appeared first on Supply Chain Game Changer™.

supply chain budgeting

Supply Chain Game Changer

JUNE 19, 2025

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Strategy

Supply Chain Brain

AUGUST 6, 2025

The budget carrier has tried to offset weakness in Japan by expanding in Southeast Asia, South Korea and China. is doubling down on its long-haul expansion with the first purchase of Boeing Co. widebody aircraft in a dozen years, while it struggles closer to home, with its HK Express unit suffering from a sharp drop in regional demand.

supply chain budgeting

Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? What is CPFR? Why is CPFR Important?

Supply Chain Efficiency

Supply Chain Game Changer

AUGUST 30, 2022

Subscribe to Supply Chain Game Changer. Transportation optimization involves analyzing goods shipments, transportation rates, and restrictions to create a plan that reduces the overall costs and makes the process more efficient. Optimizing the goods transportation process means reducing delays. Subscribe Here!

Supply Chain Optimization

Skill Dynamics

JULY 17, 2024

Experts will use their judgment around areas such as changing economic conditions or geopolitical events to add context to the data. By combining data from different teams — marketing, sales, and supply chain for example — businesses can build a much more robust forecasting model, leading to more accurate forecasts.

supply chain budgeting

EazyStock

MARCH 17, 2021

As globalization extends supply chains around the world, the likelihood of negative impacts stemming from supply chain disruption increases. Supply chain disruptions are an inevitability for any supply chain, though the severity of the impacts can vary. Types of Supply Chain Disruptions.

Supply Chain Optimization

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement

Procurement Templates

JUNE 18, 2023

Tim Cook has been instrumental in overseeing the company’s global supply chain and procurement operations. His expertise in managing complex supply networks has played a crucial role in Apple’s success. Attend workshops, seminars, and conferences related to procurement and supply chain management.

Leadership

Supply Chain Game Changer

MAY 25, 2022

Subscribe to Supply Chain Game Changer. Aside from getting network links, you can collaborate with like-minded entrepreneurs or participate in events hosted at the coworking space. So, you’ll encounter optimized working space to support productivity. appeared first on Supply Chain Game Changer™.

supply chain budgeting

IBM Supply Chain Blog

JUNE 30, 2023

Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supply chain disruptions as wear, tear and time take their toll. However, maintenance inventory optimization is only part of the solution. 4 tips to help energy & utility supply chains avoid unexpected downtime 1.

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Supply Chain Game Changer

JUNE 22, 2025

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Supply Chain Efficiency