Procurement Insights

MAY 3, 2025

Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supply chain management. Buyers Meeting Point: Described as around a few years by 2021, likely starting in the late 2000s, managed by Kelly Barner.

Procurement 40

Procurement Supply Chain Optimization Ethics supply chain software solutions 40

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 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Skill Dynamics

JANUARY 14, 2025

Strong negotiation can lead to cost savings, more advantageous counteract terms, and overall a much more optimized procurement chain. It also allows you to develop stronger relationships with your suppliers, allowing your supply chain to become more resilient and perhaps even unlocking some cost efficiencies through your suppliers.

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Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Insights

APRIL 30, 2025

THE SHORT ANSWER Procurement Insights is not a replacement for analyst firms its a complementary and sometimes disruptive mirror , helping enterprise buyers and tech vendors see past sanitized reports into what actually matters to practitioners. – The two often align but Procurement Insights is more independent of vendor influence.

Procurement 52

Procurement Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 52

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Supply Chain Efficiency 82

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 82

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Supply Chain Game Changer

SEPTEMBER 4, 2019

Subscribe to Supply Chain Game Changer. 5 Social Media Tips for Supply Chain Leaders! Article written for Supply Chain Game Changer by, and permission to publish here provided by, Daniela McVicker. Content has never been at the forefront of supply chain companies’ marketing strategies.

Supply Chain Efficiency 63

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 63

ivalua

JULY 13, 2022

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. As the sourcing function evolves, digital procurement technologies have become crucial tools for buyers to capture and report their sustainability achievements.

Sustainability 130

Sustainability Buyers Suppliers Procurement 130

Jaggaer

MARCH 19, 2025

Of course, the political systems in each country influence what can and cannot be done. Procurement today has three overarching objectives: to maximize profitability, minimize risk, and optimize sustainability. The second has become more pronounced in recent years, notably with the Covid pandemic and supply chain disruptions.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. appeared first on Supply Chain Game Changer™.

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Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 118

Spend Matters

AUGUST 31, 2022

What's more, the broader sustainability challenges ahead of us that influence demand and regulations reinforce the need for enhanced direct materials management. More specifically, and as mentioned in our ESG series and more recently in our ”Design for Supply” series, the need for better materials analytics is fueled by various drivers (e.g.,

Supply Chain Optimization 98

Supply Chain Optimization Material management Sourcing Influencing 98

Spend Matters

OCTOBER 21, 2024

This integration allows buyers to start purchasing on Amazon Business and punch into SAP Ariba for checkout, improving compliance and reducing rogue spend. Both services are designed to automate restocking, helping companies maintain optimal inventory levels and prevent stockouts.

Purchasing 112

Purchasing Inventory Supply Chain Optimization Buyers 112

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. Procurement price reductions can have a major influence on a business bottom line.

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Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Arkestro

MAY 16, 2023

Arkestro not only delivered on their promise that PPO could do that, but we also experienced significant savings while increasing our influence on more direct and indirect spend without adding headcount. “Our goal was to transform how we collaborated with our suppliers in a more productive way for everyone.

Supply Chain Optimization 52

Supply Chain Optimization Supply chain Procurement Supply 52

SCMDOJO

DECEMBER 14, 2023

Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy. Time is really important in business.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

Una

MAY 23, 2023

Group purchasing and indirect spend Indirect Spend, with her diverse and multifaceted nature, longed for a Sourcing Hero to swoop in and optimize her procurement processes. Along came Group Purchasing, the dashing protagonist with an unparalleled ability to unite like-minded buyers and channel their collective strength.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Spend Matters

JULY 10, 2024

AP Automation and Invoice-to-Pay LSQ offers a suite of working capital management solutions, including accounts payable, financing and dynamic discounting, to streamline payment processes for both buyers and suppliers.

Procurement 116

Procurement Management Contract Sourcing 116

Arkestro

JUNE 25, 2024

Resources / Blog / Oil and Gas Supply Chain Procurement Innovation at Scale with Arkestro Oil and Gas Supply Chain Procurement Innovation at Scale with Arkestro For the oil and gas industry, the last few years have been anything but easy. Within these touch points are many other varied points.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Innovation Supply chain 52

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Supply chain 52

Supply Chain Collaborator

AUGUST 15, 2017

How do supply chain technologies help achieve both safety and sustainability in our food supply? A hotter climate also poses highly increased risks of food contamination as it moves through the supply chain. Many food shippers already have such systems in place.

Sustainability 60

Sustainability Supply Chain Optimization Route optimization Supply Chain Efficiency 60

Supply Chain Game Changer

JUNE 14, 2021

Subscribe to Supply Chain Game Changer. According to research studies , 90% of buyers read online reviews before making a purchase. For you, that is an opportunity to optimize website experiences and simplify the customer journey. Namely, negative reviews influence the buying decision of 86% of consumers.

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Supply Chain Optimization Purchasing Buyers Quality 80

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

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Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

The Thomas Blog

JUNE 22, 2022

To start, industrial businesses will need an effective online marketing and sales strategy to help them achieve their business goals — because the B2B buyer behavior has changed. Here are a few things to keep in mind if you're a manufacturer looking for more customers: Optimize Your Website To Convert New Customers. Finance Managers.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

The Good Spending

JUNE 15, 2022

New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task. Modified Rebuy A buyer wants to replace or amend a product used in the organization. Straight Rebuy The buyer routinely reorders a product with no modifications.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

Skill Dynamics

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract. Cultural and emotional factors – both differences can influence negotiations.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Slimstock

MARCH 26, 2019

With stats like that, it’s easy to see why customer satisfaction influences customer loyalty, retention, and even your ability to attract new customers. As international supply chain executive Sara Ireton indicates in Industry Week , it’s important to recognize “the success of one partner helps the success of the other.”

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Procurement Chief Procurement Officer Raw materials Supply Chain Optimization 66

Arkestro

APRIL 22, 2025

Procurement teams get better pricing, the ability to influence more spend, and reduced risk. By combining AI-driven insights, game theory, and Suggested Offers, Negotiation Science anchors supplier pricing at an optimal level from the start. The end result? Subscribe to news from Arkestro. You can unsubscribe at any time.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Negotiation 52

Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Una

MAY 23, 2023

Group purchasing and indirect spend Indirect Spend, with her diverse and multifaceted nature, longed for a Sourcing Hero to swoop in and optimize her procurement processes. Along came Group Purchasing, the dashing protagonist with an unparalleled ability to unite like-minded buyers and channel their collective strength.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Pipefy

DECEMBER 20, 2023

The result is greater supply chain predictability, more accurate decision-making, and better business agility. Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Jaggaer

SEPTEMBER 22, 2024

Balancing Cost, Resiliency, and Sustainability in Procurement: Insights from Georg Roesch Procurement professionals across industries and markets are struggling to keep their supply chains agile in a world of constant disruptions. View transcript Michael Hello and welcome to today’s supply Chain Management Review podcast.

Sustainability 52

Sustainability supply chain software solutions Procurement Agile and Lean Supply Chain 52

Empowering CPO

MAY 31, 2023

In essence, SRM is a comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses. The main objective of SRM is to streamline and improve processes between a buyer and its suppliers. Now, what are the benefits of effective SRM?

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

IBM Supply Chain Blog

DECEMBER 18, 2023

As Professor Felix Oberlholzer-Gee of Harvard Business School emphasized , an effective business strategy requires a deep understanding of your company and a profound sense of optimism about its potential for exceptional performance.

Business strategy 67

Business strategy Strategy Leadership Price 67

World of Procurement blog

MAY 23, 2024

To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers. Working closely with fewer suppliers also enhances supply chain transparency and resilience. This evaluation sets the foundation for determining the optimal supplier base to meet your strategic needs.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Pipefy

FEBRUARY 3, 2023

It’s now a matter of unlocking strategic and tactical benefits like spend visibility, forecasting accuracy, cash management, and improved supplier relationships — all valuable drivers following recent economic and supply chain disruptions.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Jaggaer

OCTOBER 8, 2019

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) 3) Optimize: Leverage new and emerging technologies. Get additional data from new sources where you need them, e.g. about supply chain or financial risks. 4) The “Day of Digitalization”.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Procurement Software

JANUARY 23, 2024

Specific and sustainable supplier catalogues are included, allowing users to benefit from Hivebuy’s bulk buyer conditions. It uses AI-based data analytics to monitor countless influencing factors on your supplier and item portfolio and respond with effective actions in due time. It features numerous modules for price management.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52