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1. Greater Cost Savings Optimized Spend Analysis: One of the primary advantages of leveraging procurement technology is the potential for cost savings. Advanced systems analyze spending, ensuring every dollar is accounted for and purchases follow company policies and contracts. Discount Management: With procurement technology, companies can seamlessly track supplier discounts or promotional offers, ensuring they […] The post Benefits of Implementing Procurement Software appeared first on P
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” That was fun, right? In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains. Beyond dance moves, they offer bite-sized insights for success, promising to elevate you above inefficiencies.
Robotics and artificial intelligence are changing more than the warehouse, says Ray Roberts, enterprise sales executive at Logiwa. An example: Autonomous vehicles are becoming more active in trucking.
“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 charges can range from 20 cents to $2.50 more per unit than the non-peak fee, depending on the item's size.
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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.
The collaborations for the battery plant could range from a joint venture and the sharing of knowledge to experimentation and licensing agreements, Tata said.
This Spend Matters Vendor Analysis provides an overview of Enable and its rebate management solution. Managing B2B rebates has become difficult in the current supply chain environment because the complexity of supply chains and deals has increased and processes and solutions have failed to evolve at the same pace as rebates. Rebates come in many different forms and vary by industry, which makes keeping track of them and maximizing savings hard.
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 Can Manufacturers Institute warns that proposed tariffs could cause canned food prices to spike up to 30% while putting 40,000 jobs at risk. The Department of Commerce released its preliminary decision this week.
The brands that will win are those capable of intelligently combining more efficient sourcing with flexible production methods and products, while adapting to consumer expectations.
The ERP system sits at the center of the other supply chain systems and the overall connectivity. As the source of truth, this is where the foundational data should be stored.
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.
Amazon Shipping is now available in the contiguous U.S., meaning the organization will handle packages sold on the company website as well as items from other selling channels.
Rapid advancement of emerging technologies—combined with the increasing demands from customers and ongoing disruptive market forces—are driving organizations to prioritize digital transformation more than ever. According to a recent survey conducted by the IBM Institute for Business Value in cooperation with Oxford Economics, 67% percent of executive respondents say their organizations need to transform quickly to keep up with the competition, while 57% report current market disrupti
The contract negotiation process can be tedious, but it doesn't have to be painful or unfair. Follow ContractSafe's six tips for negotiating contracts that (hopefully!) make all parties happy.
The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. By Hugo Britt | August 22, 2023 Search Search Graham Greene’s gentle spy novel, The Human Factor, explores the psychological burden placed on ordinary people working in espionage during the Cold War.
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.
What is ‘carbon literacy’? Basically, carbon literacy is an awareness of climate change and how our everyday activities affect climate change. The Carbon Literacy Project gives a fuller definition of the term on the homepage of its website. How carbon literate are you, though? Below is a look in a little more depth at what it means to be carbon literate, at how to become (more) carbon literate, at why carbon literacy is important when working in procurement and also at our own achievements in ca
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.
In this Special Digital Edition of Supply Chain Management Review, we look at the changes e-commerce is driving, from adapting in-store operations, to building omni-channel capable warehouses.
Today I’m joined by MFG. With over $8 billion of product sourced, nearly 1 million RFQ’s and over 50,000 buyers and suppliers involved, they are the world’s largest manufacturing marketplace. MFG helps manufacturers grow their business by making it easy for them to be discovered by high-quality customers, while also making it easy for buyers to find manufacturing partners.
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.
We’re thrilled to announce that Fraxion has been recognized as a FrontRunner in the Expense Report software category on Software Advice, a Gartner Digital Markets platform.
Many salespeople sell something that might already exist in an organization. You have to get someone to change their mind to move toward your solution. That can be incredibly hard to achieve. There are often barriers you have to overcome. In most instances, there’s a present bias that accounts for someone’s reluctance to change.
Today, we feature our ongoing coverage of this year’s 18th-annual CPO-themed report, where my team and I continue our nearly two-decade-long dialogue with chief procurement officers (CPOs) and other procurement leaders.
As a supplier, if you are one of many at an RFP Kickoff meeting, you have already lost the bid. Here is an excerpt from a 2011 post: “All this, of course, coincides with the revelation by former aide to New York Governor Mario Cuomo Al Gordon that 90% of all winning bidders are decided through a series of open, non-clandestine meetings in which the vendor gains what Judy Bradt has referred to as legitimate and transparent buyer preference.” – [link] The video interview within t
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.
The ruling sided with Trump-era tariffs on steel and aluminum imports, calling China's move against agricultural products "inconsistent" with an existing trade deal.
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