Thu.Sep 01, 2022

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Procurement vs. purchasing vs. sourcing differences

RPF360

When you’re buying for your business, what do you call it? It seems like an easy question, but there are a lot of terms that refer to this process. On the surface, they all seem to mean the same thing. Some call it procurement. Others say purchasing. And, still others call it sourcing. Knowing [.]. The post Procurement vs. purchasing vs. sourcing differences appeared first on RFP360.

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Bridgestone announces $550M plant expansion to meet demand for smart tires

Supply Chain Dive

The expansion will pave the way for the company to scale production of tires equipped with RFID tags.

Demand 131
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Interim Insight

Procurement Heads

What are the benefits of hiring an interim procurement professional? Interim procurement practitioners are predominately highly experienced individuals who have made a conscious decision to deliver project-based or programme-related outcomes. Due to their extensive knowledge and ability to ‘parachute’ into organisations at short notice, interim hires are an attractive offering for many businesses in need of immediate support.

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An Introduction to Contract Management: How does it Work?

ProcurePort

• If you’re looking for ways to manage spending and improve your profit base you cannot afford to overlook contract management. • You see, according to analysts from PricewaterhouseCoopers, effective contract management can save businesses up to 2% of their annual costs. And without an efficient contract management strategy, companies stand to lose 9.2% of […].

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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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Head2Head with Peter Aves

Procurement Heads

Tell us a bit about your background. I am the Chief Finance and Operations Officer at Pool Re. I am now actually the longest-serving member of staff at Pool Re and have been here for 13 years. I am a chartered accountant, before joining Pool Re I had a number of roles, none of which were in insurance, I kind of fell into the role here. My main role here is primarily that of being a CFO, but one of the things I like about it here is that it is a fairly small business so we tend to have quite broa

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Amazon offers sellers long-term inventory storage with new service

Supply Chain Dive

Amazon Warehousing & Distribution allows the company to capture more value from its fulfillment network, which has grappled with excess capacity this year.

Inventory 111

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How Do GPOs Make Money?

Una

What's a GPO and How Do GPOs Make Money? By Mackenzie Oakley | September 1, 2022. Group purchasing remains one of procurement’s best-kept secrets. Not because the concept is new, but because inaccurate, preconceived notions surrounding the concept of group purchasing still exist in the sourcing world today. Some procurement professionals are concerned that a group purchasing organization , or GPO, won’t be able to accommodate their unique requirements.

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5 Emerging Trends to Consider for Your Supply Network Optimization Initiative

Supply Chain Brain

Modern supply chain challenges require modern supply chain solutions. As supply chains evolve into supply networks, legacy processes and platforms become less and less effective. .

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The evolving role of procurement needs the latest technology to meet the demands of today’s working environment 

Spend Matters

Categories: Change Management , Procurement Strategy & Planning , Procurement Systems & Architecture , Purchasing Process , Solution Providers , Technology Tags: intake-to-procure , procurement strategy and planning , Procurement Systems and Architecture Over the past few years, CFOs have begun to view procurement teams as strategic partners that can move beyond filling orders and managing spend.

Demand 98
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Without a Minute to Spare: Time-Sensitive Deliveries Just Got Faster

Supply Chain Brain

Challenge: An international building solutions provider needed a better way to deliver concrete to building sites. Avoiding delays and interruptions was essential as concrete is highly perishable with a shelf life of just 90 minutes.

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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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Risk Vendor Profiles (Part 4): Supplier management suites risk-monitoring solutions — Coupa, GEP, Ivalua, Jaggaer, Medius (Wax Digital), SAP Ariba, Zycus

Spend Matters

Categories: Analytics , Procurement Systems & Architecture , Risk Performance and Compliance , Solution Providers , Source to Pay , Supplier Risk and Compliance Management , Supply Chain Visibility , Supply Risk , Supply Risk Management , Technology Tags: PRO This Spend Matters PRO analysis is the fourth in our 7-part series on Risk technology solutions and services vendors, focusing on organizations' increasing need to manage and mitigate risk scenarios.

Risk 98
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Part Five: Top Trends and Challenges Shaping Procurement Leader Priorities

Supply Chain Brain

To navigate today’s dynamic environment, Procurement Leaders must isolate the trends impacting their function, unpack the challenges they pose, and prioritize the actions needed in response to shape their strategic plans now and into the future.

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6 Reasons To Hire an IT Consulting Firm!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Hiring a Software Development Team – Pros and Cons! Technology has undoubtedly revolutionized the way business is conducted. Every industry has seen transformative technological innovations that have enabled them to become more productive and efficient. As a result, the demand for information technology and IT consulting services has also increased. .

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Better Together - Building Long-Term Capacity and Resilience in the Food Industry Supply Chain at the 2022 FMI Supply Chain Forum

Supply Chain Brain

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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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Essential Uses of Bitcoin!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Functioning of Bitcoin! It is OK to get confused and leave wondering about the use of Bitcoin. The winner of the digital currency should have the necessary element and careful hand and understand the essential uses of Bitcoin. The properties of unique Bitcoin are connected with the protocols, and without appealing reasons, nobody will invest in the currency which is not traditionally connected.

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Escaping a ‘Black Hole’ – a Microsoft Dynamics

Let's Talk Supply Chain

This tale of black holes isn’t science fiction; it’s the story of a real distributor who blasted off from an antiquated system of 12 physical clipboards on a wall to create a command-and-control center on a smartphone. The results? Out of this world. Pete first shared his story with me when I was considering coming aboard Cavallo as CEO. I wanted to explore the actual daily lives of the company’s customers.

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How Online Marketing Has Changed the Game!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Hiring a Digital Marketing Agency! Is it a Good Move? The entire world of business has changed forever and one of the featured and most notable changes has been the move online, including online marketing. Just a few decades ago it was only outbound and so-called traditional marketing techniques that were used by business to generate leads and build their brand among the general public and those who were interested in their p

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The True Cost of Shipping Damages

The Network Effect

The post The True Cost of Shipping Damages appeared first on The Network Effect.

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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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Top 5 Progressive Jackpot Slots to Play and Win!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Start Playing Online Casinos! When slot machines initially became renowned, the winnings were in the shape of flavoured gum! Fruity fruits were employed instead of cash in the inaugural Fruit Slots! The most you can hope for is to get your favourite taste! Things have evolved tremendously over the centuries, and today’s highest rewards from internet slot games are in the eight-figure range, with progressive jackp

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The Challenge of Multi-color Organization Models

The Good Spending

Seeking the source of consulting challenges. As a procurement consultant, I'm increasingly exposed to the IT software development industry. In my latest consultancy endeavors, I have realized that my traditional views, actionable advice, and best-practice tools aren't working efficiently enough. (I believe) it's not because I'm orthodox - my background and skills are diverse enough to offer variable solutions.

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Why Players Like Retro Slots!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 6 Benefits of Playing Free No Download Slot Machines! Aside from researching the best minimum deposit casinos , another important thing you may be interested in is the Retro Slots. As basic slot machine variants, the online Retro Slots today work on simple 3-reel structures. The detail does not end there as there is more about them.

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Why we should all get behind remanufacturing and reduce e-waste

Value Match

Categories. Best Practice Guides. Bid Management. Business. Case Study. Circular Economy. Community Story. Contract for Change. Environment and Climate. Equality and Inclusion. Government Buying Standards. House of Commons Committee of Public Accounts. Human Rights and Modern Slavery. Legislation. National Audit Office Reports. News. Procurement Best Practice.

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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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How to Maximize Crypto Trading Gains!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Tips for Professional Crypto Trading! Everybody has different ways of adopting the currency and making more than 300% profit. One of the beautiful lines that described the quality investor is to become innovative in trading to maximize crypto trading gains. It does not matter how intelligent a person is in trading.

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Procurement in 5-Minutes: How do you measure procurement success at a small company versus a large company?

Sourcing Solved

Procurement in 5-Minutes. We live and work in a busy world in which there is little time to read, watch or listen beyond the headlines. Hello, my name is Iain Campbell-McKenna, and this is “Procurement in 5-minutes.” That’s right, in 5-minutes I promise to tackle some of the biggest challenges and deepest questions our profession and industry face on a day-to-day basis.

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Top 5 Strategies for Bitcoin Trading!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Taking Part in Bitcoin Trading! Today everybody is working on trading strategies, which has become necessary with the increase of investors. Therefore, the probability of hearing from people about trading skills and activities has grown including strategies for Bitcoin trading. Several strategies are helpful for the investor, and several wonderfully stand them while others get confused with their nature.

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Perpetual Inventory vs. Physical Inventory: What Are the Major Differences?

Finale Inventory

Perpetual inventory systems and physical inventory systems attempt to keep businesses organized and provide them with data that can help them make accurate decisions and know the correct amount of available inventory. However, these different types of inventory systems achieve these goals through different means. What Is Perpetual Inventory? Perpetual inventory systems are methods of inventory management that keep track of inventory in real-time.

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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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Takeaways from NIGP Annual Forum 2022

Bonfire

Innovations shaping our future—that was the theme of this year’s NIGP Annual Forum hosted in Boston from August 21st to 24th. Getting together to share knowledge and experiences while tackling new challenges is something so fundamental to public procurement and we love to see the collaboration and passion for the profession at these events. This year, we’re celebrating the (usually unsung) superheroes in public procurement and, between our booth and the events we hosted, we were able to truly sh

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Making Decisions with Speed and Confidence: An Interview with Jakob Manz from Archlet

Art of Procurement

Philip Ideson recently interviewed Jakob Manz. Co-Founder and Managing Director at Archlet, as part of our ongoing Startup & Growth. The post Making Decisions with Speed and Confidence: An Interview with Jakob Manz from Archlet appeared first on Art of Procurement.

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Digital Readiness: How To Build A Digital Culture That Embraces The Future Rather Than Fears It

Procurement Insights

Editor’s Note: The following is a repost of the September 1st article I wrote for the Market Dojo blog. A few years ago, I remember having breakfast with Duncan Jones at a Virginia conference in which he shared an interesting story with me. Early in his career – pre-Forrester, I believe, he was working on a project to upgrade a company’s tech capability that would drive greater efficiency and increased savings.

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Three Ideas to Challenge Your Thinking About Digital Procurement

HICX

By Anthony Payne, CMO of HICX. Nearly every company is involved in some form of digital procurement transformation. But how many are actually seeing it pay off? . According to research by Bain & Company , only 8% of global companies have been able to achieve their targeted outcomes from digital technology investments. The same is true in the procurement function, where many leaders are still struggling to deliver enough value from costly digital plans.

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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.