This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supplychain. Your procurement technology platform should help unify data and processes across tiers to avoid disruptions.
Unfortunately, outdated tools and fragmented processes make it difficult to maintain visibility across the supplychain and adapt at the pace of business. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. Get to know all the procurement tech providers that made our lists this year. We are delighted to introduce you to our Future 5 as we capture their voices. What are Halo Ai’s greatest strengths?
Secondly come eProcurement, SupplyChain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.
The US administrations announcement of reciprocal tariffs in early April sent a jolt through global supplychains. For many ChiefProcurementOfficers (CPOs), the real message was clear: Volatility is back, and this time, it demands faster, more coordinated and more data-driven responses.
Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving ChiefProcurementOfficers (CPOs) grappling with challenges that could make or break their organizations. This can free up procurement professionals to focus on higher-value activities.
In it, Pierre Mitchell and Bertrand Maltaverne from Spend Matters, Piotr Pierzak from Novartis and Sudhir Bhojwani from ORO Labs explored how orchestration is becoming a strategic imperative for procurement leaders and what it looks like in practice across technology and operations. From there, workflows adapt in realtime.
Hansens agent-based Metaprise Model directly addresses the core concerns of ChiefProcurementOfficers (CPOs) by combining human-AI collaboration, real-time adaptability, and ecosystem-wide integration. Heres how it tackles each challenge: 1. tariffs, port strikes), reducing costs by 2030% (DND case study).
How do ChiefProcurementOfficers and their teams leverage digital transformation to take control of their data and better deliver against their strategic objectives? . Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation.
Subscribe to SupplyChain Game Changer. Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Subscribe Here! Email Address. Cost Saving.
Subscribe to SupplyChain Game Changer. Could the CPO Be Replaced by the Chief Value Officer? The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Subscribe Here!
Subscribe to SupplyChain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Subscribe Here! Email Address.
Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, ChiefProcurementOfficers are increasingly turning to supplier collaboration as a cornerstone of cost reduction.
Introduction In the dynamic world of business, the ability to effectively manage and optimize supplychains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.
Subscribe to SupplyChain Game Changer. Could the CPO Be Replaced by the Chief Value Officer? The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. Procurement is strategic! Now is the time for Procurement to SELL!
Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services. Our goal is to empower ChiefProcurementOfficers (CPOs) and their teams by providing a suite of comprehensive managed procurement services.
How to gain visibility and control of your indirect spend. ESG In SupplyChain: Creating a Sustainable Value Chain. ESG In SupplyChain: Creating a Sustainable Value Chain We all know just how valuable the supplychain is. That’s where procurement’s role becomes so crucial.
Whether you are focused on controlled growth or cost efficiencies, the ability to measure what is occurring in realtime is essential to making decisions. The supplychain may contain components of raw materials, manufacturers, wholesalers, distributors, resellers, agents, logistics, retailers and many other entities.
We covered a lot of ground in this 25-minute podcast and this podcast is going to be exceptionally beneficial to you if you are currently looking at your supplychain and wondering how can we improve visibility, how can we reach our sustainability goals using our supplychains and how do we know what is in this product?
Operations and accounting are three disparate parts of organizations that are simply not equipped to efficiently share information and work together so that individual expenses are optimally managed. Natalia expands on this, and outlines perfectly some areas where procurement teams drive value beyond just P&L-visible cost savings.
And yet, the process allowed this company to be picked because it didn’t provide visibility to the procurement people about that supplier’s poor track record in the past.” . Why can’t we create a tool that connects everyone in public procurement in the U.S., David draws attention to the word “ community ”.
But don’t be fooled by their size – when accumulated, these costs can form a substantial part of a company’s expenditure, and a large number of suppliers can add complexity and risk to the supplychain. While tail spend is often neglected, it holds a gold mine of untapped savings opportunities.
By examining spending patterns across various categories, such as suppliers, departments, and geographies, businesses can uncover hidden opportunities for cost savings, mitigate risks, and enhance their overall procurementefficiency.
The pandemic and resulting supplychain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Constrained supplychains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content