Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master
Procurement Templates
NOVEMBER 21, 2024
SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,
Cost optimization Related Topics 
2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement
Procurement Insights
JANUARY 3, 2025
Cost Optimization under Pressure : Economic pressures and the need for IT budget optimization highlighted procurements ability to drive savings without compromising quality.
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A procurement digital transformation survival guide for practitioners: How to embrace digital without getting lost on the way
Spend Matters
FEBRUARY 5, 2025
For example, recent research from The Hackett Group showed that Digital World Class procurement organizations: Deliver superior business outcomes, with procurement return on investment being 2.5
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Campbell’s turns to suppliers to help ease tariff costs
Supply Chain Dive
JUNE 13, 2025
The global food conglomerate's strategy also includes alternative sourcing, product cost optimization and, possibly, higher prices.
GEP Procurement & Supply Chain Tech Trends Report
Advertiser: GEP
2024 GEP Procurement & Supply Chain Tech Trends Report — explores the biggest technological trends in procurement and supply chain, from generative AI and the advancement of low-code development tools to the data management and analytics applications that unlock agility, cost efficiency, and informed decision-making.
The Oldest Procurement Blogs in the Procurement Industry
Procurement Insights
MAY 3, 2025
Topics include supplier relationship management, cost optimization, and strategies to navigate trade challenges, offering practical advice for sourcing and technology adoption. Strategic Sourceror: Market intelligence and best practices for cost management and vendor relationships. Content: Covers procurement technology (e.g.,
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How to Build a Successful Procurement Strategy in 2025
ivalua
JULY 1, 2025
Strategic sourcing is a tactical component focused on supplier selection and cost optimization, whereas procurement strategy defines the overall vision, priorities, and long-term goals of procurement. A unified strategy can offer consistency, but execution should reflect category-specific needs.
AI Agents in Procurement: The Ultimate Guide
ivalua
MAY 30, 2025
Instead of spending time on manual work like data entry, vendor chasing, and basic reporting, teams can now focus on higher-value activities such as risk management or cost optimization. AI agents are handling the heavy lifting by analyzing large amounts of data and automating decisioning and other tasks.
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AI Agents in Procurement: The Ultimate Guide
ivalua
MAY 30, 2025
Instead of spending time on manual work like data entry, vendor chasing, and basic reporting, teams can now focus on higher-value activities such as risk management or cost optimization. AI agents are handling the heavy lifting by analyzing large amounts of data and automating decisioning and other tasks.
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Top 7 finance priorities for 2025: what CFOs should know
Fraxion
MAY 8, 2025
Youre expected to manage cost pressures, lead digital transformation, support strategic decisions, and respond to shifting regulatory and talent demands while keeping the business financially strong. If those are on your radar too, this guide will walk you through the most important financial priorities to keep an eye on this year.
Selecting the right technology for procurement
Spend Matters
MAY 8, 2025
Instead of prioritizing the newest features, procurement leaders must evaluate tools based on how well they address core objectives, such as cost optimization, risk management and operational efficiency.
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How to Build a Successful Procurement Strategy in 2025
ivalua
JULY 1, 2025
Strategic sourcing is a tactical component focused on supplier selection and cost optimization, whereas procurement strategy defines the overall vision, priorities, and long-term goals of procurement. A unified strategy can offer consistency, but execution should reflect category-specific needs.
The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships
Jaggaer
OCTOBER 24, 2024
As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business. From basic cost optimization to leveraging technology, we’ve laid out our six best practices for building and maintaining collaborative supplier relationships.
Procurement Technology: Enterprise Solutions Driving Efficiency and ROI
ivalua
MAY 10, 2025
The scale, complexity, and risk involved in global operations within the modern enterprise demand more advanced solutions that can integrate tightly with ERP, finance, and supplier systems and support broader goals such as sustainability, risk management in procurement, and cost optimization.
Procurement Strategy’s Role in Guarding Against Supply Chain Disruptions
SCMDOJO
FEBRUARY 21, 2025
Heres how: Diversifying the Supplier Base to Reduce Dependency Risks Implementing Risk Assessment & Contingency Planning Balancing Cost Optimization with Resilience Strengthening Supplier Relationships & Collaboration Leveraging Technology & Data-Driven Procurement What Are the Benefits of Refining Your Procurement Strategy?
The ProcureTech KPIs Of The Hansen+Change Management Models
Procurement Insights
JULY 4, 2025
BCG Delta + Hansen is best for enterprise readiness and risk management , particularly in volatile or regulated sectors.
Source-to-Pay Digital Transformation: Roadmap for Efficiency and Resilience
Jaggaer
FEBRUARY 5, 2025
Learning processes and trends over time, these algorithms help yourefine procurement strategies by identifying inefficiencies and opportunities for cost optimization. Machine Learning (ML) algorithms embedded in the S2P process put you on the path of continuous improvement.
Agentic AI in Supply Chains: The Future of Decision Making
SCMDOJO
FEBRUARY 16, 2025
Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective. Automates bidding processes and cost optimization. Helps businesses drive cost savings and mitigate procurement risks. Analyzes supplier performance, market trends, and contract terms.
Procurement analytics: your key to cost savings
TYA Suite
JUNE 22, 2025
Though implementation may present initial challenges, the long-term benefits, ranging from cost optimization to stronger supplier relationships, are substantial. As businesses continue to prioritize agility and resilience, investing in procurement analytics is not just a competitive advantage, it’s a strategic necessity.
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Procurement Technology: What Public Sector Organizations Should Look For in 2025
Jaggaer
MARCH 6, 2025
Spend Analysis: Offering detailed visibility into spending patterns, enabling cost optimization. Advanced analytics capabilities transform this data into actionable insights by: Predictive Insights: Identifying future procurement risks and opportunities.
Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks
ivalua
JUNE 5, 2025
Without strategic procurement guiding the way, purchasing becomes reactive and focused only on cost savings in procurement instead of adding value, which can lead to budget overruns and missed opportunities.
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The real SaaS trend in 2025 isn’t growth — It’s intelligence
Spend Matters
APRIL 24, 2025
That number is expected to rise rapidly as cost optimization becomes a top boardroom priority. According to the State of SaaS Procurement 2025 report, 35% of procurement leaders are already investing in standalone AI solutions and 29% of them are bundling solutions with AI capabilities into their existing SaaS management platforms.
The Future of Procurement: Bullish vs. Bearish Case
Procurement Software
JANUARY 26, 2025
This shift elevates procurement from a reactive cost centre to a proactive driver of both cost optimization as well as sales enablement. Visibility and Transparency Heightened demands for supply chain visibility propel investments in technologies that enhance transparency across procurement processes.
Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration
Jaggaer
OCTOBER 24, 2024
This is often tricky, but here are some broader categories to target: Cost optimization : On the surface, your efforts might not appear to be the cheapest. However, establishing supply continuity, improving the customer experience, and minimizing risk across multiple supplier tiers can pay untold dividends.
Enterprise Spend Analysis: How to Reduce Cost and Risk
ivalua
JUNE 12, 2025
By pinpointing areas where maverick spending occurs, organizations can implement tighter controls, reinforce compliance with preferred suppliers and contracts and, ultimately, reduce unnecessary costs.
Cost Performance Index (CPI): What is it and How to Calculate it?
SCMDOJO
FEBRUARY 26, 2025
indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. Logistics and Freight Cost Optimization CPI can help measure transportation cost efficiency, ensuring that freight and shipping expenses remain within the planned budget. A CPI of 0.83
MCIPS vs SCMDOJO Procurement Track
SCMDOJO
FEBRUARY 5, 2025
Targeted Learning: SCMDOJO offers a range of courses and learning paths focusing on specific procurement areas, such as e-auctions, contract negotiation, cost optimization, and supply chain resilience. This allows you to tailor your learning to your particular needs.
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Digital Procurement for Enterprises: Key Challenges and Critical Capabilities
ivalua
MAY 21, 2025
All of this enhances procurement efficiency and enables cost optimization. It also enables a proactive approach to managing supplier relationships using supplier portals and scoreboards, collaboration tools, and predictive analytics using AI-powered tools.
Why is an agent-based model within a metaprise framework better for procurement than an equation-based Intake and orchestration model?
Procurement Insights
APRIL 8, 2025
GEPs cost optimization, Web ID: 18) that assume predictable inputs. Hansens DND platform (Web ID: 14) adapted in real timee.g., rerouting shipments based on UPS delayswithout predefined rules. Equation-Based Intake/Orchestration: Relies on fixed equations or AI models (e.g., If tariffs spike or a climate event disrupts supply (e.g.,
The Relationship Between1998 RAM’s Agent-Based Model And 2025’s Model Context Protocol (MCP)
Procurement Insights
MARCH 16, 2025
Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships.
How AI and Automation Are Changing Billing in the Supply Chain Industry
SCMDOJO
JULY 4, 2025
Over time, AI begins predicting landed costs for more strategic decision-making. AI unlocks this capability, delivering new levels of financial control and cost optimization. Overall, no human team could ever manually structure supply chain billing data at scale.
Comparing Analyst Firm Coverage To Procurement Insights Coverage
Procurement Insights
APRIL 30, 2025
Strategic Guidance: IDC’s benchmarking allows organizations to compare procurement performance against peers and industry standards, directly contributing to cost optimization initiatives and improved market positioning for their clients. – Supporting digital transformation, cost optimization, and supplier management.
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Which conference is the best when it comes to supply chain and procurement practice: DPW, ISM Annual Conference, Procurement Leaders, SIG, and Supply Chain Canada National Conference?
Procurement Insights
APRIL 4, 2025
Rank Conference Reasoning 1 SIG (Global Executive Summit) SIG stands out for its practitioner-driven focus on procurement best practices, cost optimization, and supplier management. Its emphasis on actionable strategies (e.g., CPO roundtables, SIG University workshops) and real-world procurement execution (e.g.,
Procurement industry conferences, trade wars and Black Swan events – 2025 to 2030
Procurement Insights
APRIL 6, 2025
No hard numbers exist, but industry focus on cost optimization post-recession supports this. Attendance likely rose to 1,0002,000 per major event, driven by technology (e.g., ERP systems) and supply chain visibility needs. 20162019: Pre-Pandemic Peak Digital transformation (e.g., 2,000+ by 2022).
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Which “Should Cost” ProcureTech Solution provider is the best in these three key areas?
Procurement Insights
APRIL 5, 2025
Rank Provider Top Reason Reasoning 1 Zycus AI-driven cost transparency Merlin AI Suites autonomous negotiation and $28M savings potential stand out for should-cost. 2 GEP Comprehensive cost modeling GEP SMARTs AI analytics and Fortune 500 adoption make it a should-cost leader.
From Candy To Kidneys: The Impact of Spinoffs And M&As On Procurement And Supply Chain
Procurement Insights
JULY 2, 2025
Impact : Baxter-Vantive’s procurement faces greater financial pressure due to debt reduction goals and Vantive’s smaller scale, requiring more sophisticated cost optimization tools compared to the candy company’s balanced demerger.
Procurement Trends 2025: Automation, Analytics & Strategy
Planergy
MAY 8, 2025
5] Finance Leaders Are Collaborating More Closely with Procurement: Nearly 48% of CFOs are leveraging procurement data to support broader financial strategies, from fraud detection to cost optimization. [1] Nearly 50% of teams still report productivity slowdowns due to manual data entry, though 43% of leaders are prioritizing change.
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Moving AI From Progressive Theory To Practical Procurement Utilization And Outcomes
Procurement Insights
MAY 13, 2025
Industrial Engineering Practitioner, author, industry-recognized thought leader AI/Analytics Expertise Deep, strategic, research-driven GenAI, analytics, implementation Practical, selective, critical of AI-first dogma Procurement Experience Advisory, supply chain optimization Supplier management, cost optimization Direct: transformation, supplier engagement, (..)
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How does the Hansen Fit Score improve practitioner-provider outcomes versus Gartner, Spend Matters, Deloitte, McKinsey, and G2?
Procurement Insights
JUNE 18, 2025
McKinsey: Reports 13x ROI with analytics (Deloitte study proxy), but high consulting costs offset savings for smaller providers. G2: Offers minimal direct savings (1–5%), focusing on user satisfaction rather than cost optimization.
Training For Supply Chain Legal Issues and How To Resolve Them
Skill Dynamics
FEBRUARY 11, 2025
For example, negotiatiating effectively can help secure better terms and pricing from your suppliers, leading to stronger overall cost optimization. These skills could prove invaluable in avoiding lengthy legal battles and ultimately saving your organization time and money.
Procurement Management System? A Beginner’s Guide 2025
TYA Suite
APRIL 13, 2025
The added advantage of managing procurement with TYASuite offers businesses an all-in-one solution to streamline , ensuring transparency, compliance, and cost optimization. The right fit will feel intuitive, save time, and make your teams life easierno exceptions. Why Choose TYASuite for Procurement Management?
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What Is A Pre AND Post-Implementation Case Study: Here Is One For the Cosmetics Industry
Procurement Insights
MARCH 23, 2025
Indirect spending typically represents 15-27% of revenue in manufacturing companies, making it a significant area for cost optimization. The company has established an ambitious goal of reducing indirect expenditures by $75 million to enhance operational efficiency and improve profit margins in an increasingly competitive market.
Inventory Life Cycle: Your Guide to Master Inventory Management
SCMDOJO
DECEMBER 5, 2024
Download Free Procurement KPIs Cheat Sheet PDF Importance of Inventory Life Cycle Management Cost Optimization: Efficient inventory management helps reduce holding costs, transportation costs, and potential losses due to stockouts or spoilage.
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Beyond The Hype: Taking The SpendKey Assessment To A Whole New Level!
Procurement Insights
JULY 3, 2025
Organizational Readiness Pharma 1’s active digital transformation journey indicates an organizational appetite for new solutions Global procurement complexity creates clear pain points that SpendKey directly addresses Mid-sized enterprise scale allows for more agile implementation compared to larger pharmaceutical giants Secondary Recommendation: (..)
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