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
Strategicsourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. Click here!
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. What Is Procurement Technology?
Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supplychain disruptions, a robust procurement strategy is no longer optionalits essential. Optimize costs without compromising supplychain continuity. Want to future-proof your procurement function?
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
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. Solutions: StrategicSourcing: Move beyond transactional purchasing and embrace strategicsourcing.
Moving Beyond the Traditional View of Procurement Many companies still view procurement primarily as a place to limit costs. According to The Hackett Group’s 2024 CPO Agenda , cost reduction remains the top priority for ChiefProcurementOfficers (CPOs).
In 2014, he took a new role to transform public procurement at the Health Promotion Board (HPB) which is a statutory board under the Ministry of Health, Singapore. . In 2022, he was awarded the Special Mentioned Individual Award by SupplyChain Asia for his contribution to the national emergency procurement for the Covid-19 operation.
And if your organization is big enough to need a ChiefProcurementOfficer , that person is directly or indirectly responsible for every stage of that journey. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all.
Kicking off the day with our first keynote, Ivalua’s Founder and CEO David Khuat-Duy will present his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurement teams and suppliers. Director StrategicSourcing Digital & Functional Transformation, .
Additionally, the company was looking for a trusted partner to capture cost savings and reduce supplychain risks. “As Ivalua’s best-of-breed sourcing solution will empower us with the technology to drive sourcing best practices. We look forward to contributing to their Procurement cost optimization initiative”.
Additionally, the company was looking for a trusted partner to capture cost savings and reduce supplychain risks. “As Ivalua’s best-of-breed sourcing solution will empower us with the technology to drive sourcing best practices. We look forward to contributing to their Procurement cost optimization initiative”.
Introduction In the dynamic world of business, the ability to effectively manage and optimizesupplychains 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.
CPO Rising Created by Andrew Bartolini, this blog focuses on procurement innovation, leadership, and emerging trends. It frequently publishes industry reports and offers strategic insights for ChiefProcurementOfficers (CPOs). It also features expert opinions and practical solutions for procurement professionals.
” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for ChiefProcurementOfficers in 2025?” What are the Top 3 concerns for ChiefProcurementOfficers in 2025? What are the Top 3 concerns for ChiefProcurementOfficers in 2023?
A Paradigm Shift in the Procurement Function. As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – StrategicSourcing. What is StrategicSourcing? StrategicSourcing does exactly the same by addressing the total cost.
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. SupplyChain Transparency. Email Address.
Subscribe to SupplyChain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Dirty Little Secret #1.
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supplychain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.
Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In SupplyChain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. That’s where procurement’s role becomes so crucial. Download Free Copy.
Her post, which you can access through the provided link , delivers several key insights into successfully identifying, pursuing, and retaining procurement talent by treating it as a strategicsourcing process. If you haven’t read it yet, I strongly suggest you do. Why is this important? The Right Level Of Expertise.
Our goal is to empower ChiefProcurementOfficers (CPOs) and their teams by providing a suite of comprehensive managed procurement services. We believe in the power of strategicsourcing and procurement to drive significant value across organizations.
Like 1Reply Vera Rozanova MBA, MCIPS Chartered, MEng (Hons)CPO-ChiefProcurementOfficer | Procurement Director | SupplyChain | Invited Lecturer | Author | Business Trainer | Transformation 2h Jon W. Hansen One of the key criteria for procurement when selecting an IT provider is their client base.
Introduction Overview of Spend Analysis and Its Significance in Procurement In today’s competitive business landscape, effective procurement strategies play a vital role in the success of organizations. One crucial aspect of procurement is gaining insights into spending patterns and optimizing expenditures.
CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements.
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. It complements other procurement strategies by filling the gaps that traditional procurement practices may overlook.
Last Spring, Arkestro, the leading Predictive Procurement Orchestration platform, held Optimal: The Leadership Summit for Predictive Procurement. If you missed the spring Optimal conference in New York or Optimal ’21 , now is your chance to attend Optimal ’22 Las Vegas , the best procurement event of the year!
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