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Many businesses have experienced supply chain disruptions recently. Find out if your organization needs to switch from Traditional to Agile procurement. The post Agile procurement vs. traditional procurement appeared first on RFP360.
33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Logistics Statistics 2022 — 18 Key Figures. Logistics statistics in 2022 allow people, especially professionals, to see the growth of logistics today and in the coming years. However, what are the factors that affect logistics and figures to see its growth?
For retailers, inventory shrinkage is an unavoidable reality. Whether it's caused by products containing defects, items getting lost or misplaced during shipping or a variety of other scenarios, when merchandise isn't available for purchase, it's chalked up to shrinkage. Another shrinkage contributor is theft, and based on a newly released report , it's a multi-billion dollar problem across the country.
“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.
Creating resilient and agile supply chains requires leveragING economies of scale when working with suppliers while minimizing risk, disruptions and shortages.
The food and beverage giant is hoping practices like cover cropping can help it meet its goal of achieving net zero emissions by 2040.
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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.
To paraphrase a familiar axiom, you don't fully appreciate the things that make your day-to-day business affairs possible until those things either aren't there anymore or aren't performing. This was a sentiment shared by just about every product-based company during the pandemic, when the efforts designed to stamp out COVID-19 wound up wiping out supply chains more than anything else.
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: E-Sourcing , Procurement Systems & Architecture , Source to Pay Tags: EU , PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Zumen, a source-to-contract (S2C) solution built for direct materials. Zumen is for discrete manufacturers that want to improve their product to market management speed by bringing all the NPI/D (New Product Introduction/Development) activities into a single, transparent system of record that integrates easily with their ERP and product
Over the last few years, rapid fluctuations in change and availability have brought different approaches to transportation and logistics. Bringing more diverse voices to these areas of supply chain can only help to weather the latest logistics disruptions. In fact, according to Forbes , growing diversity in your industry and workplace means happier team members, higher levels of engagement and collaboration, and more revenue.
Categories: Conferences , Industry News , Source to Pay , Sponsored Article Tags: Conferences and Events , EU , Sponsored Article Proactis has been helping mid-market organizations all over the world to manage spend for over 25 years. With this experience of finance and procurement automation projects, we have always been at the forefront of the continuous evolution that has arisen from societal and technological change.
From BOGO offers on Greek yogurt to 50% off candy canes in the days following the holiday shopping season, discounts are a constant presence in grocery stores across the country. The question isn't so much if supermarkets are offering them, but how many and for which items. Relative to years past, however, deals on food and beverages are few and far between, and an underperforming supply chain is part of the reason why.
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.
“If I am seeing a tough time in business where there’s something that I feel like I’m not achieving, I. The post [Pod] MAKE IT HAPPEN – Applying the Athlete’s Mindset to Your Procurement Journey w/ Lou Alexander appeared first on Art of Procurement.
Every sector has its inherent challenges, and for retailers, a major one is shrinkage. Caused by a variety of factors that prevent stores from selling their merchandise — such as employee theft, return activity, shoplifting and more — shrinkage costs retailers a combined $94.5 billion in 2021 alone , according to the National Retail Federation.
With prices at the pump still elevated and winter bearing down, an increasing number of Americans are seriously thinking about purchasing an all-electric vehicle. The federal government is incentivizing drivers to do so as well through rebates and tax credits, something that over two-thirds of adults around the country support, according to a recent survey conducted by the Pew Research Center.
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.
It isn't just costing families more money to put food on the kitchen table; it's costing restaurants more money to prepare meals for their guests. As a result of how much they're spending and a temperamental supply chain, a substantial portion of eateries are downsizing their menu offerings. Close to one-third of restaurant owners say they're offering fewer dishes to their dine-in and take-out customers, according to a newly released poll conducted by Toast.
Companies contemplating building logistics software in-house need to assess the ongoing costs involved, says Walt Heil, senior vice president of developed markets at Locus.
Smeared on toast or melted for use in classic desserts like cookies and cake, butter is a delicious and ubiquitous condiment; it pairs well with savory and sweet foods alike. But with the dairy industry encountering production challenges and the holiday baking season around the corner, prices for butter are up appreciably — and the trend is expected to continue.
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.
Argo AI, darling of Ford and VW, is shutting down. Tesla’s self-driving claims are under criminal investigation. It's the end of years of faulty presumptions about driverless-vehicle technology.
From key ingredient shortages to surging prices for traditionally inexpensive staples like milk, wheat and butter, the food supply chain is in a severe state of disrepair — and disarray. Just about everyone is feeling it, too, from the end consumer to grocery stores, restaurant chains and sole proprietorships, wholesale entities, farmers and distributors.
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