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Companies often overproduce to hedge against demand swings, yet end up with shelves of unused goods. This is where On-Demand Production comes in plat A smarter approach is taking shape. Manufacturers are shifting to on-demand production to align output with real-time demand. But in volatile markets, they often backfire.
Coupa announced during its Inspire 2025 event that it has acquired Cirtuo, a provider of category management (CatMan) software. The move addresses a long-standing gap in many procurement technology offerings: helping teams define and manage procurement strategies, rather than just executing sourcing events. What is Category Management?
His colleague, Jack Birch , Senior Manager – Interim Recruitment, shares his update on David’s insight and looks at: Why interims are still in demand IR35 – the repeal of the repeal and its impact Where we are currently seeing demand for interim procurement and supply chain professionals Current interim procurement professional day rates.
Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.
Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.
Stock management or inventory management is crucial for the supply chain. It allows a company to track corporate resources, ensure proper stocking and meet the customer demand level. Reduction of…
In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle.
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g.,
Visit our In-Depth Guide to Risk Management for an explanation of this complex environment. For today’s vendor viewpoint we spoke with Nick Francis, Chief Technology and Marketing Officer (CTMO) at Commercial Value Management specialist Brooklyn Solutions.
Speaker: Tony Darnell, Shipping Manager at Lippert Components
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Visit our In-Depth Guide to Risk Management for an explanation of this complex environment. For today’s vendor viewpoint we asked Austin Fuller, Director, Product Marketing at supply chain risk management specialist Exiger Have you witnessed a significant change of appetite for risk-related tech over recent years from your customer base?
As consumer demand has spurred increased production, companies have expanded their supply chains and added new vendors. The post Spare your supply chain: The risks and rewards of carbon management appeared first on Spend Matters. Each step in this process from manufacturing to transportation generates carbon emissions.
The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation often without additional headcount or budget. Procurement teams are spread thin and have to manage everything from basic sourcing to board-level ESG compliance. Procurement has long sought a strategic seat at the table.
Supply chain management typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. We need to rewrite these systems and introduce new taxonomies to manage hyper-variability. And insight is what we got, in spades.
You’ll gain insights into: 📦 Smarter Fulfillment Workflows: Manage diverse product categories, from fast-moving goods to custom furniture or bulk items. Prepare your team to navigate seasonal peaks and meet specialized delivery expectations without missing a beat.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. What is Inventory Management?
One of the most effective strategies for building resilience is integrating project management into supply chain operations. A well-managed supply chain does not just survive crises it thrives in them. This proactive approach minimizes downtime, reduces financial losses, and strengthens overall operational efficiency.
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The impending transformation, outlined in a recent report by Supply and Demand Chain Executive, is set to reshape the vrey foundation of how goods and services are sourced, managed, and delivered. Heightened focus on demand forecasting and inventory management.
As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations.
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Sales & Operations Planning (S&OP) is an established industry process that aims at finding a balance between demand and supply and streamlining cross-functional collaboration. This collaborative approach leads to a more proactive and preventative approach to quality management.
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In this blog post, we will explain why ITSM Tools are the ideal choice to transform IT management. ITSM stands for IT Service Management. Why Your IT Operation Needs an ITSM Tool Modern IT managementdemands speed, visibility, and scalability. IT management should be connected to your company’s digital ecosystem.
As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher. This blog explores how MTSS platforms can be strategically utilized to build the competencies necessary for success in supply chain management.
The procure-to-pay space continues to evolve as organizations demand more efficient, automated solutions to manage procurement, invoicing and payment processes. This Spend Matters Vendor Analysis provides an overview of Vroozi and its solution for procure-to-pay (P2P).
When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. The Role of Procurement & Supply Chain in Business Success Procurement and supply chain management play pivotal roles in how a business performs.
Most found themselves ill-prepared for the magnitude of disruption in supply and demand, followed soon after by political unrest, labor and material shortages, and sharp inflation. The "TMS+" approach is more than a standalone Transportation Management System (TMS).
The more a company introduces new products, the more it needs to manage these relationships closely, especially as we now, more than in the past, need to consider dimensions such as sustainability and ethics. Growth has the highest correlation to market capitalization in public companies and customer service is a fundamental driver of growth.
Manually managing processes no longer keeps up with todays business demandsand thats where AI-powered solutions step into the spotlight. Lets dive deeper into how integrated service management can help your company grow. Service Management Is EvolvingIs Your Operation Keeping Up?
Gathered around a table laden with insights and expertise, industry leaders recently convened at the institute for Supply Management to delve into the latest hot topics shaping the world of supply chain management.From procurement strategies to risk mitigation, the roundtable discussion was a lively exchange of ideas and perspectives.
The move underscores the growing strategic importance of accounts payable (AP) automation and managed services, particularly in the underserved middle market. Corpays current B2B stack is broad but not yet deeply unified, and AvidXchange operates with a strong managed service orientation.
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Alexandra Arens , Senior Content Marketing Manager at Onventis , shares what their customers are looking for from their digital procurement investment based on the 2024 Procurement Barometer study results and the DACH SME Procurement Barometer 2024. What do your customers prioritize when investing in procuretech?
Here’s how you can meet demand and maximize profit during… The holiday season is here, and businesses are working to provide the best customer experience through optimizing their supply chains.
As we fast forward to the horizon of 2025, the Institute for Supply Management News ventures into the unknown, exploring the enigmatic path that lies ahead. from artificial intelligence to sustainability, behold a glimpse into what’s in store for the dynamic world of supply chain management in the year 2025.
Procurements most valuable players Jesus Campos , CEO CorporateLATAM, once wrote on Spend Matters that procurement functions must address two key areas to navigate the uncertainty of global markets: risk management and organizational structure the latter being relevant to our discussion on procurement transformation. The Risk Manager.
Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Savings can be cashable or non cashable i.e. cost avoidance.
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The benefits of a knowledge management system go beyond simply being able to capture the quirks of a demanding customer, or the quickest way around a persistent traffic jam.
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Introduction A quickbooks barcode scanner transforms how small and medium-sized businesses handle their inventory management, bridging the gap between physical products and digital records. Modern retail and eCommerce operations demand precise tracking of products across multiple locations.
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