This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. However, it is sometimes overlooked and usually done through a manual process. .
• In the business world today, delivering the highest possible value from the supply chain depends a lot on the kind of supplier relationships an organization can maintain. • Relationship management begins from vendor prequalification, to contracting, and eventually to performance and evaluation. The contracting process is often a complex one and understandably so.
Because global modern supply chains are incredibly complex, involving a vast network of manufacturing and logistics personnel, even simple mistakes can result in lengthy delays.
“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.
Average container prices halved from August 2021; leasing rates declined by 17% from June to July this year. Further, China to Canada one-way leasing rates decline at the highest rate by 49 per cent as compared to China to any other country.
Sign up to get articles personalized to your interests!
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Europe’s energy crisis is unleashing a global battle over liquefied natural-gas (LNG) tankers, with rates to charter the specialized ships jumping to record highs.
Spencer Patton, who operates 225 routes in 10 states, has publicly pushed for better contract terms for delivery providers to account for inflationary pressures.
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
Procurement value demystified Unfortunately, "procurement value" became another buzzword – everyone tells us to generate, capture, and sustain it. This post attempts to provide the most comprehensive view on procurement value and practical methods of its realizations compared to many other web sources replicating slogans and mystifying logical and straightforward concepts.
Is sales and operations planning obsolete? Not at all, says Evan Quasney, vice president of solutions marketing with Anaplan. But there's a need for organizations to take a deeper approach to connected planning, to achieve competitive advantage.
How to Improve Collaboration Between Procurement and IT. By Hugo Britt | August 23, 2022. There’s an iconic scene in the 1951 sci-fi classic The Day The Earth Stood Still when the killer robot, Gort, first steps out of its spacecraft. The assembled politicians, journalists, and soldiers quickly realize that Gort is so unreadable, so alien , that there is little hope of understanding, communication, or peace.
The majority of U.S. pandemic-era inflation came from a surge in demand, but supply chain constraints stoked it further, Federal Reserve Bank of New York research shows.
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.
We go on and on about the benefits of automation. And the concept is pretty simple: you take slow, repetitive processes that normally waste hours or days each month , and let smart software take care of them for you.
The apparel brand’s facility will be able to process and ship 160,000 units daily and is part of the company’s plan targeting digital and brick-and-mortar expansion, executives said.
Ram Gopalakrishnan, chief executive officer of Bricz, discusses the technology investments that retailers need to make to deal with today's supply chain challenges.
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.
Categories: Accounts Payable , P2P , Payments , Procurement Systems & Architecture , Purchasing Tags: EU , P2P , procurement strategy and planning Even the most customer-centric companies can have a blind spot when it comes to their own buying processes. They invest in the most sophisticated e-commerce platforms that make it possible for external customers to buy their finished products and services at the click of a button.
Apple is preparing to manufacture its new iPhone in India months earlier than it did previous models, because it wants to boost production outside China amid growing global tensions and supply chain disruptions in the country.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Best Internet Service Providers! The internet has become an integral part of running a business. Many businesses rely on it for communication, customer service, running eCommerce websites, and as a source of information about trends and emerging ways of doing business so they cannot tolerate poor network performance.
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.
Defense Strategies Institute is proud to announce the 2nd Annual Critical Infrastructure Security Summit, taking place this September 28-29, 2022 in Washington, D.C. This year’s summit will focus on defending and creating resilient systems to protect our nation’s vital infrastructure from outside threats and other dangers, highlighting this year’s theme “Ensuring the Resiliency of US Infrastructure Against Cyber Attacks, Threats, and Intrusions.
Written by: Alex Cohen. For companies who desire optimum productivity, conventional supply chain methods may not fit the bill. Typical supply chains are often less efficient as lean supply chains, and as a result, numerous organizations around the world are implementing lean strategies. Lean supply chains focus on eliminating waste and strengthening processes that work.
The U.K. imported no fuel from Russia in June for the first time on record, with fuel imports falling by £499 million — or 100% — compared with the average for the previous 12 months to February.
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.
Annual strategy reviews are critical to strategic, tactical, and operational management. A Procurement strategy is a game plan or action plan by which a Procurement Function Mandate is implemented. Moreover, a procurement strategy provides teams with methods and best practices supportive of the company’s primary concerns. It helps enhance profitability by reducing extra expenses and by, minimizing delays and speeding up the supply chain.
As your small business grows, so does the information you need to keep track of, especially your inventory. While a growing inventory is a positive sign of increasing demand, it can be hard to keep it all organized. When it gets to the point that you need to keep your stock in more than one warehouse, the best way to stay on top of things is to implement lot numbers.
Clients and results. More Customers. We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Cristian Maradiaga. King Ocean. Book a Live Demo. Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing.
Tough times call for more robust measures to be taken– the past few years have witnessed fast-paced changes in the business landscape. The impact of the Covid 19 pandemic, strict compliance and regulatory policies, political instability, environmental impacts, and stringent ESG compliances has shaken the fundamental baseline of our supply chains and procurement function.
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.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content