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
Procurement software tends to fall into one of three categories. There are enterprise resource planning (ERP) systems, which are complex systems designed to help companies manage all ends of the supply chain. Then, there is accounting software that people use to keep track of POs, sacrificing a comprehensive procurement suite for all-in-one convenience.
If the Covid-19 pandemic can be said to have had any positive impact, it would be in the technology advances to address longstanding performance challenges facing supply chains.
Procurement managers are pros when it comes to negotiating deals down to the penny, working closely with suppliers to secure terms that place them at a strategic advantage. However, these strategies often only account for direct procurement or the purchases associated with the products a company sells. Indirect spending, or those purchases that fall into the everything else categoryfrom IT equipment and professional services to payrollaren’t always held to the same standard.
Organizations have problems when senior business executives are involved in troubleshooting everyday issues. Even if a company engages in strategic planning processes like Integrated Business Planning (IBP), it wont get the expected results without proper execution at lower levels.
“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.
In todays interconnected world, global supply chains are the backbone of commerce. However, navigating the… The post How Supplier Auditors Navigate Cross-Cultural Global Supply Chain Challenges first appeared on Procurement Blog | Procurement & Supply Chain News.
The project was brought about following the grounding of the Ever Given in 2021, which blocked the waterway for six days and impacted billions of dollars worth of trade.
On January 10th, 2025, I will publish my review of the following GEP paper: The Rise of AI Agents Procurement & Supply Chain Enter the Autonomous Age 30
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.
On January 10th, 2025, I will publish my review of the following GEP paper: The Rise of AI Agents Procurement & Supply Chain Enter the Autonomous Age 30
In this Back to the Future Report learn how new systems powered by machine learning (ML) can provide daily warehouse storage slotting change recommendations that can be executed on a daily basis.
Have you ever considered if your company needs a procurement manager or a purchasing consultant?… The post Key Differences Between a Purchasing Consultant and a Procurement Manager first appeared on Procurement Blog | Procurement & Supply Chain News.
New innovation geographies around the world are on the rise as manufacturers look to emerging regions to bolster their integration of real estate and supply chain solutions. Download this guide to get a deep look at prime manufacturing areas in those three regions, showcasing the benefits and challenges you'll encounter when looking to make strategic location decisions.
Graphic Source: McKinsey & Company (LinkedIn Post) If you went to a car dealership to buy a new car and the salesperson told you that only 20% of the vehicles, with their latest bells and whistles, would work properly once you drove them off the lot, would you buy that car? While I haven’t been in high-tech for 60 years, I have been in high-tech and procurement for more than 40 years.
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
The UST first learned of the breach from third-party software provider BeyondTrust, after the company discovered that a hacker had stolen a security key used for tech support.
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