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Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Choosing a Contract Management Tool Choosing a contract management tool is crucial for your business as you need to select what suits your company the best. However, what are the factors that you need to consider when choosing one?
The U.S. and Europe will need to stimulate more innovation and reward manufacturers if they hope to loosen Asia's grip on the global semiconductor market.
This Spend Matters Vendor Analysis provides an overview of DraftOnce, a contract drafting solution by Blue Burro Technology. Unlike traditional contract lifecycle management (CLM) solutions, DraftOnce does not focus on the full contract lifecycle. Its sole purpose is document preparation (specifically procurement contracts). As it is not a full CLM solution, DraftOnce can complement existing CLM systems or, depending on an organization’s needs, replace them outright.
“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 union can still effectively halt operations if a tentative contract agreement isn’t reached by July 31, General President Sean O’Brien said Sunday.
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The union can still effectively halt operations if a tentative contract agreement isn’t reached by July 31, General President Sean O’Brien said Sunday.
A deal is expected between Japan’s Ministry of Economy, Trade and Industry, the Japan Organization for Metals and Energy Security and Saudi Arabia’s Ministry of Industry and Mineral Resources.
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
A spokesperson said Russia would be suspending the Black Sea Grain Initiative until the country’s demands to export its goods to the rest of the world are met.
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.
The United Kingdom is the first European country to join the trade agreement and is projected to be the pact’s second-biggest economy behind only Japan.
Successful implementation of artificial intelligence (AI) is contingent on an AI strategy that takes into account the following considerations: Open: It’s based on the best open technologies available Trusted : It’s responsible and governed Targeted: It’s designed for the enterprise and targeted for business domains Empowering : It’s designed for value creators, not just users Designed with these elements in mind, watsonx is a new AI and data platform that empowers enterp
Organisations constantly seek ways to optimise their procurement processes in today’s competitive business landscape. One… The post The Benefits Of Hiring A Freelance Procurement Contract Manager first appeared on Procurement Blog | Procurement & Supply Chain News.
Whether placing an order, requesting a product exchange or asking about a billing concern, today’s customer demands an exceptional experience that includes quick, thorough answers to their inquiries. They also expect service to be delivered 24/7 across multiple channels. While traditional AI approaches provide customers with quick service, they have their limitations.
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.
Introduction The pivotal role of procurement in businesses cannot be overstated. It encompasses the intricate processes through which companies acquire the necessary goods and services to sustain and expand their operations. From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance.
In today’s competitive business landscape, successful importation and business growth are crucial for staying ahead.… The post The Importance Of Sourcing Consultants For Business Growth first appeared on Procurement Blog | Procurement & Supply Chain News.
Supplier evaluation is the process of analysing potential suppliers and existing ones so that you have the best suppliers for your business. Choosing the right suppliers is essential; working with good suppliers can reward the business with an array of benefits, whereas choosing the wrong ones can damage it. Below we look at the many other reasons why it’s so vital to engage in a supplier evaluation process.
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.
Introduction In an ever-evolving business environment, successful procurement operations are key to keeping organizations efficient, competitive, and profitable. But what happens when businesses lack the resources, expertise, or time to manage procurement effectively? This is where managed procurement services come into play. Managed procurement services , a game-changer in the industry, provide a comprehensive solution for businesses that need to improve their procurement operations.
Introduction Brief Explanation of the Role of Procurement in Businesses Procurement is the lifeblood of any business, large or small. It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow. From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line.
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.
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.
Introduction In today’s hyper-connected, fast-paced global economy, the procurement landscape is more complex and critical than ever before. Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye toward sustainability and social responsibility. In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and
Introduction In today’s hyper-connected, fast-paced global economy, the procurement landscape is more complex and critical than ever before. Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye towards sustainability and social responsibility. In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, an
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