Thu.Jun 05, 2025

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Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. Understanding these differences is essential for businesses that want to optimize operational efficiency and safeguard against costly errors.

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Simplifying the TealBook architecture

Procurement Insights

TealBook Description Procurement Insights Briefing Note Title: How TealBook Embodies Hansen’s Procurement Intelligence Models Purpose: To align TealBook’s supplier intelligence capabilities with Jon W. Hansen’s strategic frameworks: Agent-Based Modeling, Strand Commonality, and the Metaprise Agent-Based Modeling Alignment – TealBook’s persistent legal entity graph** acts as a network of adaptive supplier agents. – These agents autonomously evolve through conti

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Watch: AI: Moving From Hype to High-Impact

Supply Chain Brain

Bill Benton, co-founder of GAINSystems, explains how companies can escape the hype surrounding artificial intelligence, and embrace the technology in a way that brings real value to supply chains.

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Managing Complexity in Resource-Heavy Supply Chains!

Supply Chain Game Changer

Subscribe The Complexity of the Lego Supply Chain! Supply chains in the energy sector are among the most complex and capital-intensive in the world. From extraction and processing to distribution and end use, managing the flow of resources like oil and gas requires more than logistical coordination; it demands financial precision, strategic foresight, and real-time adaptability.

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Precision in Motion: Why Process Optimization Is the Future of Manufacturing

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.

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Greener Returns: How AI Cuts Costs and Carbon in Reverse Logistics

Supply Chain Brain

A focus on efficient returns can help retailers strengthen their environmental, social and governance efforts, by reducing volumes and mitigating fraud.

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UPS surcharge updates impact fuel fees, bulky packages and more

Supply Chain Dive

The changes could bring added complexity and higher costs for parcel shippers, but tweaks to packaging and inventory placement can help limit their effects.

More Trending

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Tariffs squeeze off-price retailers more than expected

Supply Chain Dive

The major players likely have greater exposure to import levies than previously thought, though their value proposition remains an advantage.

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Effective Tips to Prevent the Spread of Diseases in Industrial Settings!

Supply Chain Game Changer

Subscribe 6 Tips to Improve Workplace Safety! Industrial settings are the backbone of many economies, employing millions of workers to keep supply chains moving and industries thriving. However, these environments are also prone to unique health challenges, with workers often sharing tools, spaces, and equipment in close quarters. In 2023 alone, nearly 2.6 million workers in the United States reported non-fatal injuries or illnesses, underscoring the pressing need for improved safety and health

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White House extends exclusions for Section 301 China tariffs

Supply Chain Dive

Exemptions to the duties installed during previous administrations will remain until Aug. 31, the Office of the U.S. Trade Representative announced last week.

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Operational Excellence in the Age of Automation

Supply Chain Brain

While automation can improve your business, it will not eliminate the challenges facing an operation that is not process-driven, efficient, nimble, or one where leaders and employees are bought in.

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Reducing Global Lead Times To Improve Customer Experience At Becton Dickinson

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

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What Taxes and Fees Should You Budget as a Dubai Short-Term Rental Owner?

Supply Chain Game Changer

Subscribe Renting Office Space Helps Grow Your Business! For property owners entering Dubai’s short-term rental market, understanding what taxes and fees apply is essential for building a realistic budget. Dubai does not charge traditional income tax on short-term rental income, but property owners must budget for other mandatory costs such as the Tourism Dirham fee and ongoing management expenses.

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Gebrüder Weiss Renews Supply Chain Scholarship with Rutgers

Supply Chain Brain

Rutgers' supply chain management undergraduate program is among the top five in North America, with 82% of its graduates accepting job offers before leaving school.

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Why Retention And Client Satisfaction Are Not Necessarily Related

Procurement Insights

The comment by Yuri Hembitski is part of the following discussion stream on LinkedIn. If you haven’t already, feel free to join in and share your thoughts.

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Podcast | The Clock’s Ticking: Time to Get Serious About Radio Equipment Cybersecurity

Supply Chain Brain

A lot of manufacturers and users of radio equipment aren’t ready for looming new regulations on cybersecurity by the European Union.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“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.

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Cryptocurrency Investment and Taxes – What You Need to Know!

Supply Chain Game Changer

Protect Your Cryptocurrency Investment from Scams and Fraud! Cryptocurrency has become a popular investment option for many individuals. However, it’s important to understand the tax implications of investing in cryptocurrency. The IRS has issued guidance on how to handle a crypto tax return. For a secure trade, you can trust the beginners trading guide which is used by many trading professionals.

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U.S. Consumers Cut Spending as Brands Hike Prices

Supply Chain Brain

K-ecommerce's survey found that just 14% of shoppers believe that brands clearly explain price changes to customers.

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Mastering Remote Worker Time Tracking Tips and Best Practices!

Supply Chain Game Changer

How Co-working Spaces Are Revolutionizing Remote Work! Remote work has become increasingly popular in recent years, thanks to technological advancements and changing attitudes towards work-life balance. However, with the freedom of working remotely comes the responsibility of managing your time effectively. Remote worker time tracking is a crucial aspect of remote work, as it helps you stay on top of your tasks, meet deadlines, and demonstrate your productivity to your employer.

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Amazon Looks to Test Humanoid Delivery Robots

Supply Chain Brain

In theory, a human would drive the robots around in an electric Rivian delivery van, and it would then "spring out" of the vehicle at each stop to place packages on doorsteps.

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From Basic to Brilliant: Early Optimization of Material and Transport Planning

Explore how a global manufacturing organization steadily advanced its supply chain maturity – starting with basic transportation management and evolving towards a fully integrated, optimization-driven planning approach. Get an inside look at a multi-year 4PL collaboration journey, culminating in the implementation of 4flow TORO to unlock the full potential of early optimization in material and transportation planning.

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Cryptocurrency Investment for Retirement Planning – Pros and Cons!

Supply Chain Game Changer

How to Manage Risk in Cryptocurrency Investment! As the world continues to shift towards digital currencies, many investors are considering cryptocurrency as a part of their retirement planning. However, this decision is not without its pros and cons. In this article, we’ll discuss the potential advantages and drawbacks of investing in cryptocurrency for retirement planning.

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Lawyer for 737 Crash Victim Families Slams DOJ Deal with Boeing

Supply Chain Brain

As part of the agreement, Boeing will pay $1.1 billion, with $444.5 million going toward the families of victims, and the remaining $455 million to improvements for regulatory compliance and safety.

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What Real Estate Experts Should Know About Seasonal Mail Campaigns!

Supply Chain Game Changer

Subscribe How Real Estate 3D Rendering Can Transform Marketing! Real estate marketing is always evolving, with new tools and strategies available to professionals looking to stay ahead of the competition. One classic yet highly effective marketing approach remains the seasonal mail campaign. This strategy continues to provide REALTORS with an opportunity to engage clients and stand out in a crowded market.

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Ocean Network Express Touts Ship Recycling Initiative

Supply Chain Brain

The ship recycling policy , requires that all ONE vessels be recycled only at certified and reputable recycling facilities.

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How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

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.

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Is Your Website Letting You Down?

Supply Chain Game Changer

Subscribe Real Life Tips and Lessons On Increasing Website Speed! If you aren’t sure if your website is letting you down or not, then there’s a chance that it is. If you want to do something about this, then the best thing you can do is pinpoint the reason why your website isn’t giving you the result you need, so you can make a change that benefits both you and your customers.

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U.S. Trade Deficit Narrows by Most on Record as Imports Plunge

Supply Chain Brain

The April trade report showed imports of consumer goods slumped $33 billion, largely due to a sharp decline in inbound shipments of pharmaceutical preparations.

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Bitcoin’s Role in the Financial System of the United States!

Supply Chain Game Changer

Will Bitcoin Replace Fiat Money? Bitcoin’s role in the financial system of the United States has been an increasingly relevant topic in recent years. While some argue that Bitcoin represents a potential threat to the traditional banking system, others view it as a means to enable financial democratization and promote financial inclusion. Visit coingpt trading bot for further information.

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An interesting discussion taking shape regarding yesterday’s Nico Bac solution map post

Procurement Insights

Here is the link to yesterday’s post – A RAM 2025 Preliminary Assessment Of Nico Bacs New SolutionMap. Here is one of the initial exchanges in the discussion stream: What are some of the high-tech, procurement, and supply chain industries’ lessons from the past 40 years that we can learn from and use for success today?

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How to Modernize Manufacturing Without Losing Control

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

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The Upside and Downside of Crypto Casinos and Sportsbooks!

Supply Chain Game Changer

Subscribe Maintaining Financial Wellness Through Responsible Gambling! Sports betting has been around in some capacity for longer than any of us can remember. Over the last two decades, sportsbooks have become a staple online. In the last couple of years, with developments in the legality, there are more players active at online sportsbooks than ever before.

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Get Transparency in the Supply Chain to Comply with Sustainability Regulations – Part 2: Here’s How!

Jaggaer

As will be clear from the previous article by Robin Schenkewitz of H&Z, the new CSRD, EUDR and CSDDD directives impose significant demands on procurement to collect data about whats happening in their supply chain. Manual and ad hoc means are no longer up to the task. Supplier intelligence technology is vital for any organization with responsibilities under these directives to become fully compliant, but doing so will also bring business benefits.

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Cryptocurrency Investment Opportunities Beyond Bitcoin!

Supply Chain Game Changer

Cryptocurrencies Beyond Bitcoin! Cryptocurrency investment has become an increasingly popular way for people to make money in recent years. While Bitcoin is often the first cryptocurrency that comes to mind, there are many other promising investment opportunities in the cryptocurrency market. In this article, we will explore some of the best cryptocurrency investment opportunities beyond Bitcoin.

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The top 5 spend management software platforms in 2025

Fraxion

Managing spend effectively is key to maintaining control, visibility, and financial health. With so many solutions available, finding the right spend management software can feel overwhelming. As budgets tighten and processes become more complex, many finance teams find themselves juggling processes across disconnected tools that werent designed to work together.

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Procurement Is Navigating a Tech Tsunami (and It’s Upending How You Work)

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.