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As Procurement teams are tasked to do more with less in an increasingly complex and uncertain market, digitization has become a must. Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. Vendors naturally make promises on the speed and level of value realized from their platforms, but 3rd party validation and actual results from past projects is needed to validate such claims and better build your own bu
For our series on aligning finance and procurement for cash flow optimization and liquidity we have published an introduction to each of the phases that make up that alignment. See: Phase 1: Understanding the Foundations Phase 2: Identifying common cash flow misalignments Phase 3: Structuring the collaboration for cash flow optimization Phase 4: Leveraging technology for cash flow enhancements And read our Executive Summary here.
Picture yourself at your local hardware store comparing two paint cans that appear completely identical, yet they have completely different price tags. Before digital tools entered the scene, thats almost exactly what procurement used to feel like. Today though? Estimating costs is no longer an art of educated guesses, its transformed into precision science.
Learn more about navigating tariffs on June 17 in a webinar cohosted by Spend Matters and Alix Partners. The US administrations announcement of reciprocal tariffs in early April sent a jolt through global supply chains. And while a subsequent 90-day pause offered temporary relief, it did little to ease the underlying tension. For many Chief Procurement Officers (CPOs), the real message was clear: Volatility is back, and this time, it demands faster, more coordinated and more data-driven response
Speaker: Jason Chester, Director, Product Management
In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.
While the worlds been busy debating tariffs and reshoring strategies, a quiet policy shift is sending shockwaves through e-commerce: the repeal of the U.S. de minimis provision.
The intergovernmental organization, which advises governments on economic policies, warned that "weakened economic prospects will be felt around the world, with almost no exception.
EDITOR’S NOTE: For me, the three would be Niki Lauda, Jackie Stewart, and Emerson Fittipaldi. In case you haven’t picked up on it, which is possible, all three of the above names I shared for 2025 are FI race car champions. Now, you may wonder what that has to do with the procurement profession and AI. As you will soon discover, everything, especially when it comes to the development of today’s procurement professionals.
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EDITOR’S NOTE: For me, the three would be Niki Lauda, Jackie Stewart, and Emerson Fittipaldi. In case you haven’t picked up on it, which is possible, all three of the above names I shared for 2025 are FI race car champions. Now, you may wonder what that has to do with the procurement profession and AI. As you will soon discover, everything, especially when it comes to the development of today’s procurement professionals.
Target Chief Commercial Officer Rick Gomez said that the retailer has reduced the share of products it sources from China from 60% in 2017, to 30% today.
Value Engineering is not something Procurement can lead. But, it is difficult to do without the involvement of Procurement The post Value engineering and the role of Procurement first appeared on ABC of Procurement.
In the midst of economic and trade turmoil, its the responsibility of business leaders to develop and maintain effective relationships with supply chain partners.
Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory. How BD Biosciences was successful in reducing global distribution lead times between 30% and 60% in addition to: Increasing agility to prioritize urgent and ad-hoc customer requests Increasing global
A case study about integrated business planning with Gretchen Talley, global supply chain planning process owner with PepsiCo, and Dominick Metzger, president and chief product officer with SAP Supply Chain Management.
Gopinath Polavarapu joins JAGGAER to lead Digital and AI innovation RESEARCH TRIANGLE, NC, June 3rd, 2025 JAGGAER, a global leader in source-to-pay and supplier collaboration, is delighted to announce the appointment of Gopinath GP Polavarapu to Chief Digital and AI Officer (CDAO). GP will not only guide but accelerate AI strategy delivering JAGGAERs objective to embed intelligence for a hyper-automated, conversational, and collaborative platform that enhances human decision-making and accelera
“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.
The logistics industry in 2024 returned to pre-pandemic levels in certain areas, but also dealt with flat business volumes, excess truck capacity and rising operation costs.
Summary: Cost Reduction Strategies in Procurement and Sourcing Without Compromising Quality Build long-term supplier relationships… The post Cost Reduction Strategies in Procurement and Sourcing Without Compromising Quality first appeared on Procurement Blog | Procurement & Supply Chain News.
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