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.
Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master
Procurement Templates
NOVEMBER 21, 2024
Negotiation Skills Actionable Steps: Prepare Thoroughly: Research suppliers’ market position and pricing strategies before negotiations. Use Data-Driven Arguments: Leverage cost breakdowns and benchmarks to negotiate better terms. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,
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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. There was greater emphasis on total cost of ownership (TCO) rather than just initial price savings.
Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks
ivalua
JUNE 5, 2025
It begins once a supplier has been selected and pricing has been agreed upon. While often seen as purely transactional, purchasing plays a critical role in supporting day-to-day operations, ensuring the timely and cost-effective delivery of goods. Purchasing is concerned with getting the right item at the best price at the moment.
How to Build a Successful Procurement Strategy in 2025
ivalua
JULY 1, 2025
Strengthen Data Visibility Across Sourcing and Contracting Procurement teams need consistent access to pricing and performance history, contract terms, and supplier risk profiles, not just at the negotiation stage but throughout the procurement lifecycle. What’s the difference between strategic sourcing and procurement strategy?
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. They can also perform automated contract compliance checks and continuous price benchmarking, and help teams negotiate more effectively.
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. They can also perform automated contract compliance checks and continuous price benchmarking, and help teams negotiate more effectively.
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. What is the full cost assessment over time?
How to Build a Successful Procurement Strategy in 2025
ivalua
JULY 1, 2025
Strengthen Data Visibility Across Sourcing and Contracting Procurement teams need consistent access to pricing and performance history, contract terms, and supplier risk profiles, not just at the negotiation stage but throughout the procurement lifecycle. What’s the difference between strategic sourcing and procurement strategy?
Enterprise Spend Analysis: How to Reduce Cost and Risk
ivalua
JUNE 12, 2025
Categories of Spend Analysis The various types of spend analysis can be categorized as follows: Supplier Spend Analysis: Focuses on spend, terms, and performance by supplier, helping identify risk, improve compliance, and consolidate vendors for better pricing.
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 real SaaS trend in 2025 isn’t growth — It’s intelligence
Spend Matters
APRIL 24, 2025
Our report revealed that 45% of finance leaders cite vendor price hikes as their biggest pain point during renewals, while another 40% say they struggle to negotiate better terms, despite evaluating vendor alternatives. That number is expected to rise rapidly as cost optimization becomes a top boardroom priority. It gets worse.
Procurement analytics: your key to cost savings
TYA Suite
JUNE 22, 2025
It helps procurement teams make informed decisions by offering insights into areas such as spend patterns, supplier performance, contract compliance, pricing trends, and sourcing risks. For instance, it can predict supplier delivery delays, potential cost increases, or demand fluctuations.
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. SCMDOJO Procurement Track Cost The SCMDOJO Procurement Track offers a comprehensive learning experience for a one-time fee of $1447.
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
Decision-Making Intelligence Factor Agent-Based Model (Metaprise) Equation-Based Intake & Orchestration Decision Logic Agents use AI/ML to learn from data, negotiate terms, and optimize outcomes across the network. Example Agents negotiate dynamic pricing with suppliers based on real-time market conditions.
How AI and Automation Are Changing Billing in the Supply Chain Industry
SCMDOJO
JULY 4, 2025
For example, algorithms may adjust shipping rates on carrier invoices to account for dynamic diesel prices. 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.
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.
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
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. pricing trends, geopolitical risks) and contextually compare it with internal procurement data. compliance violations, cost overruns).
Procurement Management System? A Beginner’s Guide 2025
TYA Suite
APRIL 13, 2025
For example, imagine automatically comparing prices from multiple suppliers, getting alerts when supplies run low, or ensuring every purchase follows company rulesall without manual spreadsheets or messy paperwork. Without a system, youd manually search for suppliers, compare prices, send purchase requests for approval, and track deliveries.
Comparing Analyst Firm Coverage To Procurement Insights Coverage
Procurement Insights
APRIL 30, 2025
IDC (International Data Corporation) Key Value Additions: Benchmarking & Competitive Analysis: IDC uses procurement insights for benchmarking IT sourcing, identifying cost-saving opportunities, and optimizing procurement processes via its programs such as IDC IT Intelligence and Sourcing Advisory Services.
Types of Supply Chain Reports: Definition and Benefits
SCMDOJO
JANUARY 29, 2025
Production Costs Tracking production costs, including labor, materials, overhead, and energy costs. Identifying areas for cost reduction, such as improving production efficiency, minimizing waste, and negotiating better prices with suppliers. Cost: Pricing competitiveness, cost of quality (e.g.,
From Candy To Kidneys: The Impact of Spinoffs And M&As On Procurement And Supply Chain
Procurement Insights
JULY 2, 2025
ROI Realization Delay Challenge: Benefits like FTE reduction, better pricing, or working capital gains can take 12–24 months to materialize without proper sequencing or KPIs. Impact: Executive sponsor disappointment Difficulty in securing future tech budgets Risk of “shelfware” if systems are not optimized 7.
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] 3] Predictive analytics helps teams anticipate shifts in raw material pricing, labor availability, or regulatory changes.
Peeling Back The Agent-Based Metaprise Onion
Procurement Insights
MAY 21, 2025
Budget Constraints Dynamic Cost Optimization: Autonomous agents analyze spend patterns, negotiate with suppliers in real-time, and reroute logistics during disruptions (e.g., tariffs, port strikes), reducing costs by 2030% (DND case study). parts priced at $100 in the morning spiking to $1,000 by afternoon).
Training For Supply Chain Legal Issues and How To Resolve Them
Skill Dynamics
FEBRUARY 11, 2025
Theyll need to study clauses around areas such as pricing, indemnification, and dispute resolution. For example, negotiatiating effectively can help secure better terms and pricing from your suppliers, leading to stronger overall cost optimization.
Mastering P2P Process in accounts payable
TYA Suite
MAY 3, 2025
The PO acts as a legal agreement, listing prices, delivery dates, and terms. This step in the P2P cycle in accounts payable catches errors like overbilling or incorrect pricing. However, mismatches occur due to incorrect data, missing documents, or pricing discrepancies. Once approved, a PO is generated and sent to the supplier.
Metal packaging producers raise red flags over new tariffs
Let's Talk Supply Chain
FEBRUARY 12, 2025
Implementing Cost Optimization Strategies: Conducting a thorough cost analysis to identify areas for efficiency improvements and enduring cost reduction initiatives. The potential impacts on supply chains, pricing, and competitiveness raise red flags for stakeholders moving forward.
ERP Agent Swarms In The Age Of Intake And Orchestration And The Agent-Based Metaprise Model
Procurement Insights
APRIL 12, 2025
Collaboration: Agents communicate and collaborate to achieve shared goals, such as reducing costs, optimizing resource allocation, or improving delivery times. for sourcing, pricing, compliance), risking coordination failures in high-transaction settings like cosmetics (e.g., Farmers: Agents ensure fair farm-gate prices ($3.20/kg
A Competitive Advantage Playbook for SMBs Facing Tariffs
Supply Chain Brain
JUNE 12, 2025
Increased tariffs mean higher prices for raw materials and finished goods, but shipping, storage and handling costs often increase too, which threatens small- to midsized business (SMB) profitability — especially when up against larger competitors with more resources. Higher prices can alienate loyal buyers.
DTC Survey findings: the strategic shifts happening before peak season
Supply Chain Dive
JULY 28, 2025
Implementing flexible inventory buffer strategies Factors like tariffs and trade tensions naturally drive companies to seek ways to insulate themselves from supply shocks and price spikes. As a result, supply chain leaders are tasked with optimizing costs while guarding against disruption. You can unsubscribe at anytime.
A Look at the Effects of Agricultural Inflation!
Supply Chain Game Changer
MARCH 10, 2025
One of the most notable sectors has been the cost of food. Food prices have soared over the recent year or so, and while it affects every consumer, it also affected every farmer first. Agricultural inflation refers to the increase in the prices of agricultural goods and services over time.
Tips for Optimizing Time and Cost in Sheet Metal Fabrication for Electronics!
Supply Chain Game Changer
JULY 23, 2025
Time and cost optimization in sheet metal fabrication is becoming more and more crucial for manufacturers as the market for electronic devices grows. Faster production cycles are made possible by efficient fabrication processes, which also help to reduce costs and enhance the overall quality of the final product.
What is cloud cost optimization?
IBM Supply Chain Blog
JULY 5, 2023
You can scale your cloud resources up or down to meet demand, and costs will follow. However, cloud services costs can be higher than anticipated, so monitoring and optimizing your cloud spend is critical. Why do you need cloud cost optimization? How do we prevent overprovisioning and overspending?
Unlocking Competitive Advantage With Future Skills: The Power of Cost Optimization
Skill Dynamics
MARCH 12, 2024
What is strategic cost management? In brief, strategic cost management is implementing effective cost optimization strategies that lead to improved profitability, operational efficiency, and resource allocation. Implementation: Setting minimum and stretch savings targets for cost optimization initiatives is key.
Should-Cost Model – The Ultimate Guide
Procurement Tactics
JULY 4, 2023
The model is also used to compare the actual cost of production to the estimated cost and to identify areas where costs can be reduced. It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings.
What is eProcurement?
ivalua
JANUARY 13, 2021
– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. As suppliers cannot modify POs, they inform their customer by email that they must change an item, a price or a delivery date of the order. Rules and workflow engines automate this part for you.
Lene Aabo-Bjerregaard on close communication and collaboration in a crisis
Procurement Leaders
DECEMBER 9, 2022
We are proactively communicating with top management to provide a heads-up in terms of financial target planning and support for action planning – both in terms of macro updates and raw-material price impacts. Finally, we work extremely closely with suppliers to reduce the impact of inflation.
NPI: Vendor Analysis — SaaS intelligence solution overview, roadmap, competitors, user considerations, analyst summary
Spend Matters
SEPTEMBER 25, 2024
Enterprise IT buyers face unique challenges and complexities due to lack of pricing transparency, increasingly high volumes of contract renewals and generally overwhelmed procurement teams. That can amount to a significant expenditure for mid-size and large companies, underscoring the importance of effective management tools.
Strategic IT Cost Optimization: 10 Key Techniques To Increase Business Value
Pipefy
JULY 24, 2024
What is IT cost optimization? To say this is no small feat is an understatement; it involves businesses changing decades of spending patterns to embrace a new philosophy: cost optimization. Data center consolidation is a method any business seeking IT cost optimization should consider.
Managing AWS S3 pricing and costs with IBM Turbonomic
IBM Supply Chain Blog
MAY 12, 2023
However, AWS S3 does come with its own set of challenges, particularly when it comes to S3 pricing. As AWS S3 usage grows, so does the cost; managing AWS S3 pricing can be complex and frustrating, especially when you’re trying to optimize your business.
Markup vs. Margin: Understanding the Key Differences in Pricing Strategies | Ecommerce
Finale Inventory
AUGUST 4, 2024
In ecommerce, pricing strategies are vital for business success. Two common approaches to pricing are markup and margin. While these terms may seem similar, they have distinct differences that are important for making informed pricing decisions. It involves determining the desired profit margin and applying it to the cost price.
Inflation & Procurement
Procurement Templates
JUNE 18, 2023
ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. When consumers have more money to spend, they compete for limited goods, driving prices up. What is inflation?
What is a Sourcing Agency and How does it work?
SCMDOJO
DECEMBER 14, 2023
They engage with suppliers on behalf of the client, discussing pricing, payment terms, delivery schedules, and other critical aspects. Whether it’s hammering out pricing details or establishing beneficial payment terms, their negotiation skills can make a significant impact on your bottom line.
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