Tue.Dec 20, 2022

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Contract Lifecycle Management Software — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Contract Lifecycle Management Software — The Ultimate Guide of 2023. Integrating contract lifecycle management software is one of the best ways to manage contracts in a company. However, what is it? In this article, we will discuss what contract lifecycle management software is.

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Ivalua Partners with Hillenbrand to Centralize its Data and Improve Visibility across its Supply Base

ivalua

Redwood City, CA, December 20, 2022. Ivalua, a global leader in spend management , today announced that Hillenbrand, Inc. (NYSE: HI), a global industrial company, has selected Ivalua to centralize its supplier communication, contract data, and help consolidate best-in-class procurement processes. Hillenbrand required a platform to centralize supplier communication, contract data, and support its growth while providing the basis for future scalability into Procure-to-Pay (P2P).

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A tidal wave of inventory walloped retailers in 2022

Supply Chain Dive

Shortages gave way to excess this year. Here’s how businesses pivoted in the face of declining consumer demand and easing supply chain congestion.

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How automated fulfillment delivers for your business

Strategic Sourceror

It's difficult to pinpoint the most important department when it comes to everything that goes on in the warehouse but a case can be made for fulfillment. During the pandemic, when lockdown measures created staffing shortages just as demand for consumer goods skyrocketed, fulfillment was overwhelmed with orders, creating shipping delays that persisted for months.

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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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Rail regulators streamline process for shippers to challenge unreasonable rates

Supply Chain Dive

The Surface Transportation Board will decide a final rate in small disputes unless all seven Class I carriers agree to opt into a voluntary arbitration program.

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Exxon Is Avoiding Tankers That Previously Transported Russian Oil

Supply Chain Brain

Moves by big firms such as Exxon and Shell are increasing the pressure on owners to choose between serving Russian and non-Russian interests.

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The Coupa timeline – From foundation to Thoma Bravo, analysis and breakdown

Spend Matters

Categories: Industry News , Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers Tags: EU , mergers and acquisitions On December 12, 2022, Coupa announced that it had entered into an agreement with Thoma Bravo to be acquired. This article serves to take a high-level look back at Coupa’s life as a company thus far, with links to our previous coverage, as well as to provide a brief analysis of its time as a public company.

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GXO to close Wisconsin warehouse in February

Supply Chain Dive

The logistics company will cease operations at the facility and lay off over 100 workers.

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Taiwan Export Orders Flash Warning Signal for Global Economy

Supply Chain Brain

Taiwan’s orders for all major product categories fell, with optical products, plastics and basic metals registering the biggest contractions.

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US agency cites Amazon for recordkeeping violations on worker injuries, illnesses

Supply Chain Dive

The e-commerce giant has faced various safety complaints over the years, and an investigation at six warehouses in five states is ongoing.

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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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How to Bring More Spend Under Management

Una

How to Bring More Spend Under Management. By Hugo Britt | December 22, 2022. Pocurement professionals apply the term spend under management to measure and communicate their team’s impact on the organization at large. While the definition can vary, it’s generally defined as the percentage spend that falls under procurement’s management. Some organizations define SUM as any spending that leverages preferred supplier contracts.

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Forced labor compliance series: Regulations and procurement’s role

Spend Matters

Categories: CSR , Procurement Strategy & Planning , Supply Chain Management , Sustainability Tags: CSR , ESG series , EU Because of its traditional status as an afterthought, procurement often engages with the world in a reactive manner. However, as procurement becomes ever more important in the running of a company, the people involved need to think about putting in place proactive processes and tools to deal with the complexities of the world as it is and as it is changing.

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Hiring for Procurement in the Project Economy

Una

Hiring for Procurement in the Project Economy. By Hugo Britt | December 20, 2022. The shift to the project economy has been so subtle that perhaps you haven’t noticed it happening. But the reality is that project-based organizational structures are replacing top-down, role-based hierarchies in businesses of every size. Ask yourself if you’ve noticed any of the following trends in your workplace.

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What Is Contract Lifecycle Management (CLM) and Why Is It Important?

ContractSafe

Contract lifecycle management isn’t a great dinner party topic. But the success of your business could depend upon doing it well.

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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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Episode 95: All Eyes on China – the Human Side of Current Events with Kris Lance

Una

Episode 95: All Eyes on China - the Human Side of Current Events with Kris Lance. By Kelly Barner | December 21, 2022. In 2022, the world read news headlines that included skyrocketing energy costs, the horrors of war, rising food insecurity, complex economic troubles, and more. While the issues at the heart of these stories differed greatly, they all have one thing in common: human impact.

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Watch: Preparing for Record Increases in Parcel Rates

Supply Chain Brain

Rate increases announced by FedEx for 2023 are the largest in history, says John Haber, chief strategy officer at Transportation Insight. Shippers and consumers need to prepare now.

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New report on global flows focuses on resilience

SCMR (Supply Chain Management Review)

McKinsey Global Institute says the future challenge is to harness benefits of interconnectedness despite risks and downsides of dependency.

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Shop Floor to Top Floor: Strengthening the Digital Thread for More Agile Supply Chains

Supply Chain Brain

Manufacturers at the start of their modernization journey have the most to gain from upgrades to their data management and automation processes.

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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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The Recipe for Perfect Procurement Transformation with Transport for London’s CPO, Jonathan Patrick – Episode 67

Procurement Talk with David Byrne

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Listen on Amazon Episode show notes “We often create a list of 12 things, but if you focus on the one thing that makes the biggest difference, you’ll be more successful than having a big shopping list.” ITV, … Continued. The post The Recipe for Perfect Procurement Transformation with Transport for London’s CPO, Jonathan Patrick – Episode 67 appeared first on Talent Drive.

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Lauren Beagen on Protecting and Empowering Women in the Maritime Industry

Let's Talk Supply Chain

As supply chain disruption has maintained a maddening crescendo over the past few years, empowering women in the maritime industry is coming clearly into focus as the need for more strategic leadership grows. From port congestion to worker shortages and labor negotiations to ESG changes, shipping is front-and-center in the ongoing dialogue around logistics.

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Congress Gives Boeing a Reprieve on 737 Max Cockpit Changes

Supply Chain Brain

Two new versions of the jet can now be certified without major modifications, but safety changes are required on all Max models.

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What Is Contract Management in Healthcare? (+5 Benefits)

ContractSafe

Behind every great hospital, there’s a team of administrative wizards keeping the whole ship afloat.

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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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Amazon Agrees to Settle EU Antitrust Cases, Avoiding Fines

Supply Chain Brain

The agreement clears a cloud hanging over Amazon’s online business in Europe. The company says it disagrees with several of the EU’s allegations about its practices.

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Procurement in 5-Minutes: What are the five “Golden Rings” of procurement Christmas?

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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The Recipe for Perfect Procurement Transformation with Transport for London’s CPO, Jonathan Patrick – Episode 68

Procurement Talk with David Byrne

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Listen on Amazon Episode show notes “We often create a list of 12 things, but if you focus on the one thing that makes the biggest difference, you’ll be more successful than having a big shopping list.” ITV, … Continued. The post The Recipe for Perfect Procurement Transformation with Transport for London’s CPO, Jonathan Patrick – Episode 68 appeared first on Talent Drive.

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The Top Digital Investment Priority for 2023

Art of Procurement

Recognizing and being able to articulate the ‘why’ behind any business decision is key to realizing the desired ROI, and. The post The Top Digital Investment Priority for 2023 appeared first on Art of Procurement.

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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.