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This guest post, exploring how to leverage procurement data, was written and contributed by technology expert Jenn Fulmer of TechnologyAdvice. Over the last few years, supply chains experienced major disruption due to global challenges and fundamental market shifts. While no one could have predicted the specific circumstances and outcomes, we find ourselves now [.].
• How can you take advantage of the Strategic Sourcing Process flow to get your organization back on track? • Marketwatch.com informs us that while the United States economy isn’t in a recession, it’s still depressing. However, it’s not all doom and gloom as the economy is on a slow climb out of the chaos […]. The post Understanding The 7-Step Strategic Sourcing Process Flow appeared first on ProcurePort Blog.
33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. However, this kind of purchasing is important, especially in the supply chain. . In this article, we will talk about what sustainable purchasing is.
“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.
August's volume drop was softer than the declines seen in June and July, which could be an early sign of demand and rates picking up as peak season nears.
Whatever the business — from fast-moving consumer goods to pharmaceuticals or automotive — the success of any enterprise is the result of its vertical market expertise.
Redefining the Value Proposition of Procurement. By Hugo Britt | September 15, 2022. For Director of Global Sourcing for Medline Industries Brian Chaplin, being a sourcing hero means listening, learning, and taking action. “ It’s about being an active listener, being able to learn… and then driving change. That’s key for me. The people that I think are heroes are able to put aside what they think and truly listen to buyers, purchasing managers , and senior managers, and really learn from t
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Redefining the Value Proposition of Procurement. By Hugo Britt | September 15, 2022. For Director of Global Sourcing for Medline Industries Brian Chaplin, being a sourcing hero means listening, learning, and taking action. “ It’s about being an active listener, being able to learn… and then driving change. That’s key for me. The people that I think are heroes are able to put aside what they think and truly listen to buyers, purchasing managers , and senior managers, and really learn from t
Amazon will spend $450 million to raise wages and benefits for members of its Delivery Service Partners network, a program of small businesses that drive fleets of Amazon-branded delivery vans.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How is Blockchain Technology Revolutionary? The latest watchword among knowledgeable bankers is blockchain. This article will assist clarify how or why the system operates and how it is most likely to influence the development of a bank or a nation’s monetary system, for people who are still unfamiliar with the idea.
By Nelson Holzner, CEO and Co-Founder of MODIFI. Inflation is sweeping the globe in a way not seen since the 1980s. This, coupled with other external factors like clogged ports, only continues to exacerbate the havoc that disrupts the global supply chain. Exporters now find themselves in a difficult position where they must balance gambling on increased credit risk from buyers, navigating slower logistics and remaining one step ahead of their competition by offering favorable payment terms.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How Has Bitcoin Changed the Educational Landscape! Cryptocurrencies, such as bitcoin and the Ethereum network, allow small businesses to engage with these networks in a way they never could before. Bitcoin perks are a blessing for small businesses that are not capable of availing capital from the traditional banking system due to a lesser revenue of their business.
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
Categories: CSR , ERP , Risk Performance and Compliance , Supply Risk Management , Sustainability Tags: PRO This Spend Matters PRO analysis is the penultimate of our 7-part series on Risk technology solutions and services vendors, focusing on organizations' increasing need to manage and mitigate risk scenarios. Our risk series covers vendors within the following risk categories: Financial Risk & Supplier Risk.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Promote Social Networks with Content Marketing! Social media is a fantastic environment for businesses everywhere because it puts brands of all sizes on the map and creates strong connections with an audience. When done right, social media marketing and better photos can help increase sales, bring more customers to your website, and get people talking about your products and/or services.
“If only the business would involve us sooner…” How many times have procurement professionals found themselves behind the 8 ball, The post How does the employee experience affect procurement’s impact? appeared first on Art of Procurement.
By TechCrunch’s Paul Sawers. HICX , a supplier experience management platform designed to give companies visibility into their supply chain, has raised $30 million in a round of funding led by U.S. private equity firm Wavecrest Growth Partners and Canada’s Espresso Capital. The funding constituted a mixture of $22 million equity and $8 million in debt.
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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After record-breaking cargo volume in 2021 and the first half of 2022, the port of Los Angeles reported that the import surge at the port slowed in August, due to early arrival of holiday goods, and economic concerns.
There are a couple of quite interesting facts that prove Procurement to be the captain, guiding the journey to recovery post-crisis. According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile.
U.S. factory production rose slightly in August as resilient business investment more than offset a pullback in the output of consumer goods, consistent with steady manufacturing activity.
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.
Welcome back to series 3 of the Procuretech Podcast! We bring you the hottest startups, thought leadership and conversation from visionary industry experts, and definitely no stiff corporate content. We’re switching things up a bit for the new series. . We’ll now be releasing episodes twice weekly, and expanding our scope on guests. In the past we’d typically speak to startup founders, CEOs or CMOs of procurement tech companies.
The agreement now heads to union members for a ratification vote, which is a standard procedure in labor talks. While the vote is tallied, workers have agreed not to strike.
HICX, the leading Supplier Experience Management provider, is announcing a $30 million investment led by Boston, US-based growth equity firm Wavecrest Growth Partners and Toronto-based venture debt provider Espresso Capital. HICX’s low-code/no-code SaaS platform and applications enable large companies full visibility into their supplier ecosystems and interactions, building resilient and competitive supply chains.
Who holds the pricing power in today's transportation market — the carrier or the retailer? Deanna Kaufman, vice president with enVista, describes the shifting dynamic between the two.
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.
Inditex SA is increasing prices by more than surging inflation rates, making the owner of the Zara fashion chain a standout among retailers getting hit by higher costs and shaky consumer demand.
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