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Let's breakdown the RFP meaning and explore everything you need to know about this key business tool. Learn the definition of an RFP, who's involved in the RFP process, when you should issue one and how an RFP management system can streamline the process. The post RFP meaning: What is a request for proposal? appeared first on RFP360.
Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships. In Q3 2021, The Hackett Group conducted a comprehensive performance study of third-party risk management across a wide demographic of companies.
“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.
Categories: Procurement , Procurement Research , Procurement Strategy & Planning , Sponsored Article Tags: EU , Sponsored Article We are living in challenging times where companies are facing unprecedented challenges on multiple fronts. Supply shortages existing alongside inventory gluts and steep interest-rate hikes in response to economic inflation now threaten to push the global economy into a recession.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Today I’m joined by Envase Technologies , an innovative and fast-growing transportation software brand that is on a mission to deliver a single, streamlined system that digitizes the lifecycle of a container across the intermodal ecosystem. Envase bring together everything you need to gain visibility and control over your operations, expose inefficiency, and de-clutter your system, including industry-leading TMS options to fit your needs, business intelligence, rate management tools, an integr
Ron Sweet, senior consultant at Kimberly-Clark, describes how the CPG giant optimized transportation management, in this case study submission to the 2022 Supply Chain Innovator of the Year Award.
Categories: Accounts Payable , eProcurement / Procurement , Finance , P2P , P2P and Working Capital , Payments , Procurement Systems & Architecture Tags: EU , P2P , SolutionMap Twice a year, Spend Matters analysts work hard to further deepen their understanding of procurement tech (and services) solutions at a granular level by analyzing vendor-based RFI requirements across 11 source-to-pay tech categories and reviewing anonymized customer references.
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
New cloud application from Amazon Web Services improves supply chain visibility and delivers actionable insights to mitigate supply chain risks, lower costs, and improve customer experiences.
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.
Some people love quizzes, some people are ambivalent towards them, and some people loathe them. However, when you’re in a learning environment, thanks to human psychology, there’s a little endorphin rush when you correctly answer a question about something you’ve just learned. Indeed, apps such as Duolingo rely on this psychological effect to keep subscribers active, a sense of achievement encouraging them to continue learning and progressing.
I’d like you to imagine King Charles the 3rd, and Ozzy Osbourne, just imagine them sitting side by side in a classroom. Now, because they are both very familiar figures, you can immediately understand why you would not treat these two people the same way – even though on paper, they look as if they belong in the same category. They are both male, the same age, in the top 1% of earners and both live in the south of England for example.
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.
Airlines that are likely to be affected by the three-day strike are Air Canada, American Airlines, Lufthansa, Swiss Air, Air Portugal, Austrian Airlines, Qantas, Egypt Air, Aer Lingus and Finnair. .
The report’s key metric, the PMI, was 49.0 (a reading of 50 or higher indicates growth), down 1.2% from October’s 50.2, September’s 50.9 and back-to-back readings of 52.8 in July and August, with November’s contraction snapping a stretch of 29 consecutive months of growth.
Transforming your P2P processes can feel like a daunting task, but it needn’t be. Preparation is key to ensure that the P2P solution you choose is the right option for your business. . We cover the key steps you need to undertake to ensure that your organisation is ready for an efficient and effective P2P transformation. . Setting the case for change .
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.
Categories. Best Practice Guides. Bid Management. Business. Case Study. Circular Economy. Community Story. Contract for Change. Cyber Security. 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.
Building the Optimal Supplier Experience. Providing an optimal supplier experience is only possible through a deep understanding of how your suppliers are expected to interact with an organization and then streamlining those processes in a ‘supplier-centric’ way. From a practical perspective, ‘ supplier centricity ’ in the context of Supplier Experience Management means removing friction from every aspect of the relationship for all suppliers across the board.
It is natural to look ahead this time of year. What will 2023 hold? Will we be ready? The Art. The post Register Now for Digital Outcomes 2023 appeared first on Art of Procurement.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Best Apps to Have While Travelling! Mobile payment app Cash App changed how we make regular transactions for good. Want to send a friend some money? Need to order a pair of shoes on Amazon? All you need is a free account and some money in your debit card or bank account. Cash App is secure and easy to use, making it convenient and hassle-free.
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.
In 1921 Frederick R. Barnard turned the famous phrase about how a picture “paints a thousand words.” Some say it’s worth a thousand words, but I will leave it to you to haggle over the minute differences. But is what we see or think we see a “true” picture? To illustrate my point, let’s do a quick visual test. Check out the following “pictures” from moments before Japan scored against Spain to lift them to the Group’s top spot and the World C
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 7 Ways to Simplify Accounting in Your Business! Selling any business or practice is going to be tough, and if you are looking into selling your accounting practice, this is going to be more complex. Indeed, the majority of accounting firm owners are now reaching the age of retirement, meaning there is likely to be an increase in the number of accounting practices being put up for sale.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The History and State of Vehicle Routing! Most companies collect and store consumer data. For many businesses, the data holds a geographic component to the information, including physical address or general city. Unfortunately, businesses without location map software will involuntarily forgo these critical communication components.
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.
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