Thu.May 04, 2023

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Top 10 Procurement Best Practices for Modern Businesses

Empowering CPO

Introduction A. Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time.

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Challenges in Sustainability Faced by Procurement Teams

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Challenges in Sustainability Faced by Procurement Teams Adopting sustainability in procurement has many challenges that the procurement team must address to aim for sustainability. However, what are these challenges? In this article, we will discuss what sustainable procurement is.

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Bed Bath & Beyond owes over $95M to these 14 vendors in its supply chain

Supply Chain Dive

The bankrupt retailer has big trade debts to numerous suppliers as well as transportation and other service providers.

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Contract Auditing — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Contract Auditing — Everything You Should Know Contract auditing allows parties to know their obligations and follow them thoroughly. However, what is it? In this article, we will discuss what contract audit means. We will tell you the purpose and the different types of auditing contracts.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.

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[Pod] Bed Bath & Beyond’s Decline from Superstore to No-more

Art of Procurement

Bed Bath & Beyond was founded in New Jersey in 1971. Popular for its effective use of the ‘superstore’ concept, The post [Pod] Bed Bath & Beyond’s Decline from Superstore to No-more appeared first on Art of Procurement.

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TSMC struggles with inventory glut

Supply Chain Dive

The semiconductor producer struggled to lower stock levels in the past quarter, but says AI-related customer demand is helping with “inventory digestion.

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Shopify to sell logistics business to Flexport

Supply Chain Dive

The deal, which is expected to close in the second quarter, includes e-commerce fulfillment and order storage provider Deliverr.

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Four Tips for Complying with the Uyghur Forced Labor Prevention Act

Supply Chain Brain

Deeply embedded in the production and movement of goods around the world, forced labor is notoriously difficult to spot, much less eradicate.

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Giant Food opens second e-commerce fulfillment center

Supply Chain Dive

The mid-Atlantic grocer will use the 82,000-square-foot facility in Manassas, Virginia, to expand its delivery area to more than 140 ZIP codes in the state.

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The Product Label Imperative for Sustainability

Supply Chain Brain

Labeling has a critical role to play in sustainability, by being the consumers’ gateway to information and disclosures on sustainability efforts, which will help guide their purchasing decisions.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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[Pod] Procurement 6 – May 5th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post [Pod] Procurement 6 – May 5th, 2023 appeared first on Art of Procurement.

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Driving Sustainable Change in the Supply Chain at Scale

Supply Chain Brain

By engaging trading partners on a sustainability journey, organizations can cascade the expansion of sustainable business practices throughout the supply base

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SAP’s Gordon Donovan on the core of services procurement

Spend Matters

Categories: Podcasts , Source to Pay Tags: Podcasts Everything is a service these days. So, with XaaS becoming ever more dominant, procurement gets both the opportunity to help organizations navigate these waters and the challenge to reconsider procurement’s relationship with the broader organization. In this podcast, Pierre Mitchell, Chief Research Officer at Spend Matters, and Gordon Donovan, Global Director for Market Research at SAP, discuss what ‘services procurement’ means when everything

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Improving Inbound Logistics Through Supplier Visibility

Supply Chain Brain

Managing supply chain risk and resiliency are more than buzzwords, they are what drive us to succeed and by extension the success of the businesses we support. The last three years have shown us that as supply chain leaders we can never prepare enough.

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How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.

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How to Manage Risk Using a Group Purchasing Organization

Una

How to Manage Risk Using a Group Purchasing Organization A play-by-play for mitigating risk within your procurement function and the wider organization by utilizing the power of group purchasing. DOWNLOAD PLAYBOOK Manage Risk Using a Group Purchasing Organization Procurement and supply chains carry risk for an organization, ranging from spiraling costs to reputational, operational, and compliance risks.

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It’s Now Time for the Supply Chain Industry to Highlight Environmental Progress

Supply Chain Brain

Sustainability initiatives shouldn’t be isolated from business growth.

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Supply chain foundation: Building the elusive control tower

SCMR (Supply Chain Management Review)

A control tower can transform supply change management, creating a digital supply chain that is faster, cheaper, and more resilient than the old one.

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Adform Helps Audi Cut 52% of its Digital Advertising Carbon Emissions

Supply Chain Brain

Adform's programmatic campaign technology decreased Audi’s advertising supply chain carbon emissions by 52% helping the car manufacturer bolster the performance of its ad campaign by 65%.

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A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

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A Procurement Framework That Works The Best For Your Business

Procurement Freelancers

To locate and control outside resources for an organisation, procurement is a business administration procedure.… The post A Procurement Framework That Works The Best For Your Business first appeared on Procurement Blog | Procurement & Supply Chain News.

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Mitigating Supply Chain Corruption Risk

Supply Chain Brain

Not only employees can put you at risk, but your partners, suppliers and other third parties can as well, and they usually have less oversight.

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Remembering Rana Plaza

SCMR (Supply Chain Management Review)

We cannot know all of the regulations and building codes in foreign locations, but we can use common sense and ask common sense questions about our supply chain partners. The collapse of Rana Plaza in 2013 shows us why.

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339: Blended – Introverts vs Extroverts: What’s the Difference?

Let's Talk Supply Chain

Welcome back to Blended! It’s episode 32, I’m joined by a brand new panel of fantastic professionals and, today, we’re talking about introverts vs extroverts. Most of us, in our lives and careers, have considered what personality type we are. You might be a self-identifying Type A personality (which I know one or two of my guests today are!) In many workplaces you might even have undergone a personality test, so leadership can get a greater idea of individuals strengths and weaknesses.

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Procurement Is Navigating a Tech Tsunami (and It’s Upending How You Work)

Procurement is in the middle of a tech tsunami. And if it feels like the old playbooks aren’t working anymore, that’s because they aren’t. Agentic AI. Autonomous procurement. Unified source-to-pay ecosystems. These innovations are converging and transforming how procurement teams operate. The GEP 2025 Procurement & Supply Chain Tech Trends Report breaks it all down.

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Who drives the supply chain car?

SCMR (Supply Chain Management Review)

If you were dropped onto this planet and landed at McCormick Place in the heart of Chicago in the middle of March, you would probably conclude that planet Earth had been overrun by robots. Everywhere you turned on the ProMat conference floor, there was a robot lifting something, putting something away, or carrying something to another location.

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ESG Compliance: A Triple Threat to Business, or Priceless Opportunity?

Supply Chain Brain

Set aside the rationale behind any number of laws and regulations propagated over the years by federal, state and local authorities, not to mention foreign governments. All of it amounts to one big burden.

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3 Useful AI Tools for Business Professionals

SCMDOJO

Artificial intelligence (AI) is transforming the way supply chain or business professionals work. From predictive analytics to automated decision-making, AI tools can help streamline processes, reduce costs, and improve efficiency. In this article, we’ll explore some of the top AI tools for business and supply chain professionals and how they can be integrated into your daily processes.

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How to Fight Forced Labor in the Supply Chain

Supply Chain Brain

The enormity of the exploitation of human labor across the globe is staggering. Yet there are actions that business leaders can take right now.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Supporting teachers in their STEM skilling journeys

IBM Supply Chain Blog

Three of my four grandparents were teachers. Their love of learning and passion for lighting a spark in their students impressed upon me the power that teachers have to change lives and shape the future. As I’m writing this, I am in Jacksonville, Florida, just a few miles from where my grandmother, Rosalie Gordon-Mills, was an educator for over 40 years in the St.

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The Often-Forgotten ‘G’ in ESG: Some Essential Governance Considerations

Supply Chain Brain

Corporate governance driven by top management, and supported by business processes and technology, is fundamental to the establishment of any successful ESG program.

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Free STEM resources for teachers from IBM SkillsBuild

IBM Supply Chain Blog

Three of my four grandparents were teachers. Their love of learning and passion for lighting a spark in their students impressed upon me the power that teachers have to change lives and shape the future. As I’m writing this, I am in Jacksonville, Florida, just a few miles from where my grandmother, Rosalie Gordon-Mills, was an educator for over 40 years in the St.

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Bed Bath & Beyond Seeking Millions of Dollars from Container Shipping Lines

Supply Chain Brain

Bed Bath & Beyond filed a complaint stating Orient Overseas Container Line participated in practices that cost the world-famous retailer $31.7 million.

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The AI Race Isn’t Just About Tech Superiority – Its the Supply Chain, Stupid!

The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.