Procurement Insights

JUNE 7, 2025

Hansen’s early concepts—especially his 1998 frameworks involving agent-based modeling , the Metaprise , time-zone polling , and advanced self-learning algorithms —share fundamental DNA with the adaptive, decentralized, and data-rich supply chain models later refined and scaled by Jeff Bezos at Amazon. DND buyers) and external (e.g.,

Supply Chain Optimization

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

Procurement Insights

JUNE 14, 2025

Combining Hansen’s human-centric ABM with Simudyne’s computational ABM would create a hybrid decision intelligence framework that bridges human behavior and systemic optimization. Example: Suppliers might prioritize local partners during crises, while buyers delay orders to renegotiate terms. reroute shipments via air). The result?

Supply Chain Optimization

Supply Chain Game Changer

JULY 19, 2025

Incoterms define the responsibilities of buyers and sellers in the shipping process, including who is responsible for covering shipping costs, insurance, and customs clearance. EXW (Ex Works): The buyer is responsible for all shipping costs from the seller’s warehouse to the final destination. All images provided by Arjay Reyes.

supply chain budgeting

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. What is supplier collaboration?

Collaboration

Procurement Insights

APRIL 8, 2025

MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supply chains. supplier delays, demand spikes). Heres a detailed comparison: 1.

Supply Chain Optimization

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. Tariffs have become one of the most disruptive variables in global supply chains. From the U.S.-China

Agile and Lean Supply Chain

Procurement Insights

JUNE 13, 2025

THREE QUESTIONS REGARDING PROCURETECH’S BIG BANG MOMENT Q1 – How would the integration of Simudyne’s equation-based and Hansen’s agent-based models benefit procurement and supply chain practices? commodity pricing, inflation) Micro-actor modeling (e.g., commodity pricing, inflation) Micro-actor modeling (e.g.,

Agile and Lean Supply Chain

ivalua

JULY 3, 2025

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Who Owns It in the Enterprise Typically, direct procurement is managed by supply chain or operations teams.

supply chain budgeting

ivalua

JUNE 5, 2025

Understanding these differences is essential for businesses that want to optimize operational efficiency and safeguard against costly errors. Distinguishing the two helps enterprises optimize spend and strengthen supplier relationships. See a Demo. Purchasing is concerned with getting the right item at the best price at the moment.

Purchasing

Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

Supply Chain Efficiency

Jaggaer

FEBRUARY 5, 2025

Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach. Buyers can standardize their systems and require suppliers to use compatible technologies.

Strategic sourcing

Supply Chain Game Changer

JULY 25, 2025

In today’s interconnected world, global supply chains are more complex than ever. Factory audits play a vital role in mitigating risks, enhancing transparency, and building trust between suppliers and buyers. Why Are Factory Audits Essential for Global Supply Chains? Cost savings through process optimization.

Supply Chain Efficiency

SCMDOJO

APRIL 11, 2025

With international commerce increasingly digitalized and customer requirements continuing to grow, the demands on supply chain professionals to create frictionless, responsive, and cost-effective operations have never been higher. Supercharge your supply chain career through the SCMDOJO Supply Chain Learning Track Certification!

Supply Chain Efficiency

SCMDOJO

JUNE 9, 2025

How Documentation Happens in Logistics Accurate documentation in logistics requires structured processes and reliable methods to capture, record, and transmit essential information at every stage of the supply chain. Clear documentation ensures alignment between buyer and supplier, preventing order errors or delivery disputes.

Supply Chain Efficiency

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration

Jaggaer

OCTOBER 24, 2024

By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios.

Collaboration

Finale Inventory

JULY 18, 2025

Vendor Managed Inventory Definition and Core Principles Vendor managed inventory (VMI) is a collaborative approach where suppliers—not customers—maintain optimal inventory levels at customer locations. This differs fundamentally from traditional procurement where buyers place orders reactively when stock runs low.

Vendor management

Spend Matters

NOVEMBER 7, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — Halo Ai’s founder has a background in procurement and has built the tool with procurement in mind and to replace current TPRM and GRC point solutions.

Supply Chain Efficiency

Jaggaer

DECEMBER 12, 2024

enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 JAGGAER One 24.3 version of its JAGGAER One platform.

Supply Chain Optimization

Supply Chain Brain

JULY 21, 2025

To keep operations and supply chains stable amid the volatility of today’s global trade dynamics, companies need a freight strategy that can flex under pressure. Multimodal in Practice At a basic level, multimodal shipping can refer to using two or more distinct modes — such as truck, rail, air or ocean — in a single supply chain.

Supply Chain Optimization

Procurement Insights

JUNE 16, 2025

market volatility, supplier risk scores, spend thresholds), ensuring continuous optimization without manual rule changes. Faster Cycle Times: The end-to-end automation and intelligent orchestration will dramatically compress procurement cycle times, from demand inception to order fulfillment and payment, accelerating business operations.

Supply Chain Optimization

Procurement Insights

JULY 1, 2025

Sustainability and ESG : Growing regulatory and stakeholder demands for sustainable practices, such as circular economy principles, emphasize responsible sourcing and emissions tracking. supply chain bottlenecks) while maintaining enterprise-wide visibility.

Agile and Lean Supply Chain

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. times higher than operational emissions, according to data from the U.S.

Supply Chain Efficiency

TYA Suite

NOVEMBER 15, 2024

This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains. By using blockchain in procurement, businesses can improve transparency, trust, and efficiency across their supply chains, ensuring smoother and more reliable operations.

Supply Chain Efficiency

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Implementation of new supply structure Track results and restart assessment This model has essentially stood the test of time.

Strategic sourcing

Procurement Insights

APRIL 13, 2025

buyers, suppliers) interacting based on real-world commodity traits (e.g., supplier performance, tariff costs) to optimize decisions. unit, Ethiopia coffee retains 95% demand). Adaptation (Optimization): Process: Agents continuously adapt to new data (e.g., Chinas 84% retaliatory tariffs, coffee demand dips).

Real-time Visibility

Supply Chain Brain

JULY 27, 2025

Uygur people waiting for buyers for their harvest of cotton. Traceability has to run through every stage of a global supply chain, which can be frustratingly opaque, given the number of players and transformations that a given product undergoes. Photo: iStock.com/Gujiang xie July 28, 2025 Robert J.

Sourcing

Supply Chain Brain

JUNE 10, 2025

Late payments are the silent disruptor that’s eroding trust, liquidity and operational continuity across the supply chain. Supply chains don’t operate in silos. Research from Creditsafe’s Cost of Late Payments report found nearly 86% of businesses saying that up to 30% of their monthly invoiced sales are overdue.

Suppliers

Procurement Insights

APRIL 9, 2025

supplier delays, demand spikes) due to rigid rules. Agent-Based Solution : Agents represent suppliers, buyers, and logistics providers, sharing data and negotiating terms autonomously. Predictive Risk Mitigation Challenge : Reactive risk management leads to costly supply chain failures. Learn and optimize continuously.

Supply Chain Efficiency

TYA Suite

JUNE 2, 2025

After the supplier has been chosen, the subsequent step involves generating a The PO is an official document issued by the buyer that confirms the purchase details, product names, descriptions, unit price, quantities, delivery schedule, shipping address, tax details, and payment terms. Best practices for optimizing the purchasing process 1.

Purchasing

TYA Suite

MAY 13, 2025

The PO serves as an official record of the transaction between the buyer and the supplier. Over time, these enhanced collaborations improve supply chain stability and can even lead to co-innovation opportunities. This document includes details like the product or service, agreed-upon price, quantity, and delivery expectations.

Procurement

Spend Matters

APRIL 30, 2025

In a landscape shaped by inflation, supply chain fragility, regulatory pressure and digital transformation, orchestration is more than a buzzword. Externally, risk and compliance obligations mount, supply chains are stretched and stakeholder expectations broaden. Deloittes study reinforces this (Figure 1).

Suppliers

Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. For a more in-depth understanding of Rod Sherkin’s insights on supply chain management and procurement, you can watch his interview on Supply Chain Now.

Supply Chain Efficiency

Let's Talk Supply Chain

MAY 16, 2025

In the heart of rural Pakistan, Maryam stands as a beacon of innovation, transforming the‍ crop supply chain with unparalleled foresight and ‍determination. Her strategy involves leveraging technology to streamline the supply chain process, ensuring timely delivery of fresh produce while reducing wastage.‍

Supply Chain Efficiency

Finale Inventory

AUGUST 7, 2025

Essential Shipping Terms FOB (Free On Board) : Indicates when responsibility transfers from seller to buyer. "FOB Incoterms : Internationally recognized shipping terms defining responsibilities between buyers and sellers. Freight charges fluctuate with fuel prices, carrier availability, and seasonal demand.

Import

Spend Matters

DECEMBER 9, 2024

The implications are even more significant for businesses, especially those with complex, global supply chains. Procurement professionals are at the forefront of managing tariff exposure, navigating disruptions and implementing strategies to mitigate cost increases while ensuring supply chains remain efficient and resilient.

Procurement