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Managing invoices and payments can be tricky, especially when businesses deal with multiple vendors and large transactions. To avoid errors, overpayments, or even fraud, companies use matching processes to verify payments before releasing funds. , two common methods are 2-way matching and 3-way matching. While both help control costs and ensure accuracy, they serve different purposes.
We continue our Procurement Transformation Guide with a look at the limits of how tech can help procurement. Chances are that if you are in the market for a shiny new piece of procurement tech, you are already on board for the change it will bring and the necessary steps involved in its implementation. Everyone else might not be so ready, however. In fact, a major reason why these initiatives fail is that the people leading them are working with their tech-savvy biases and consequently skip over
Global trade is complex, and supply chains are intertwined and interconnected. This has boosted growth but also created vulnerabilities, with tariff volatility being a major concern. Recent changes by the US government have made things even more challenging. Supply chain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supply chains.
“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.
When the tariff tide changes – like the recent Liberation Day measures – organizations either get swept away in the current or navigate forward with confidence. What makes the difference? Preparation. At Skill Dynamics, we know that preparation starts with people. Understanding regulations is critical – but what truly builds resilience is training agile, informed teams who can pivot fast, minimize risk, and protect performance when global trade gets turbulent.
MODEL #1 An agent-based model (ABM) within a Metaprise framework offers several advantages over an equation-based intake and orchestration model in procurement: 1. Handling Complexity and Adaptability: Agent-Based Model (ABM): ABMs simulate interactions of autonomous agents, capturing individual behaviors and their effects on the system. This approach effectively models complex, adaptive systems where agents learn and evolve over time.
We live in an era where time is one of the most valuable assets within any organization. Efficiency is no longer a competitive edge its a basic requirement to stay in the game. In this context, AI agents, in practice, are emerging as strategic allies not just for their automation capabilities, but for how intelligently they make decisions, learn, and adapt to different scenarios.
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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.
We live in an era where time is one of the most valuable assets within any organization. Efficiency is no longer a competitive edge its a basic requirement to stay in the game. In this context, AI agents, in practice, are emerging as strategic allies not just for their automation capabilities, but for how intelligently they make decisions, learn, and adapt to different scenarios.
Artificial intelligence use in procurement isnt a distant dream its here, reshaping how procurement professionals work. From simple automations that save time to sophisticated strategies that drive major business value, embedding AI in your business processes can provide immense value. But where should you begin? And how can you scale your efforts for maximum impact?
Excess inventory weighs down supply chains. It ties up capital, wastes storage space, and risks product obsolescence. Companies often overproduce to hedge against demand swings, yet end up with shelves of unused goods. These inefficiencies inflate costs and slow response times when customer needs change. This is where On-Demand Production comes in plat A smarter approach is taking shape.
Global supply chains have always been complexbut in todays climate of rising geopolitical tensions and evolving trade policies, theyve become even more unpredictable. Recent and proposed tariff changes are reshaping the landscape at a rapid speed, putting supply chain leaders on high alert and forcing businesses to rethink sourcing strategies, supplier relationships, and cost structures.
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
To evaluate how the Agent-based Metaprise model, leveraging self-learning algorithms in the Department of National Defence (DND) implementation case study over seven years, addresses clean data challenges compared to the Intake and Orchestration model, well extend our prior discussions (failure rates, CAGR, DND context) by integrating self-learning algorithms into Hansens framework and contrasting it with the tech-heavy Intake and Orchestration approach.
In the tumultuous world of trade wars and tariffs, Levi’s emerges as a steady hand, promising a precise and strategic response to any potential price increases. Amidst the chaos, the renowned denim brand unveils a plan for ‘surgical’ adjustments, ensuring minimal impact on consumers and maintaining the integrity of its iconic products.
Procurement is at a crossroads. The days of relying solely on traditional processes to manage suppliers, contracts and spend are quickly fading. Supply chains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. Trying to keep up without AI isnt just inefficient; its a competitive disadvantage.
Consider this your business suddenly faces a major supply chain disruption. Perhaps a critical supplier goes out of business, a natural disaster halts shipments, or new regulations are introduced that throw a wrench in your entire process. This nightmare becomes a reality for many businesses more often than wed like to admit. But the truth is, a fragile supply chain can make or break your companys success in today’s world.
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.
If there’s one thing businesses can’t afford to overlook these days, it’s knowing exactly who they’re working with. Thats where Know Your Business , or KYB , comes into play. The term might sound a bit formal, but the concept is straightforward: make sure the company you’re about to partner with is real, officially registered, and playing by the rules.
EDITOR’S NOTE: The following is a reprint of the March 25th, 2015 article The Impact Of An M&A On The Procurement Department This morning I read a post by Roz Usheroff regarding the just announced merger between Kraft and Heinz, and how an employee can both survive and thrive when an M&A occurs. Overall it was a great post, which provided practical insights and tips on what an employee should do when their company has either acquired or been acquired by another firm.
In the ever-evolving landscape of supply chain management, procurement leaders must stay ahead of the curve to ensure success in 2025 and beyond. As industries continue to face unprecedented challenges and opportunities, it is indeed crucial for procurement leaders to embrace innovative strategies that will drive efficiency, resilience, and growth.
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.
This Spend Matters Vendor Analysis gives an overview of CADDi Drawer, an Al-driven software that helps manufacturers with similar part searches. The solution leverages algorithms tailored to 2D drawings to make parts searchable by shape, text, dimensions and name. Such capabilities are especially important for high-mix, low-volume manufacturers that need to continuously identify optimal suppliers for a wide variety of existing and new parts.
With international commerce increasingly digitalized and customer requirements continuing to grow, the demands on supply chain professionals to create frictionless, responsive, and cost-effective operations have never been higher. Front and center in this revolution are the marriage of customer relationship management (CRM) software and capable e-commerce platforms like Shopify.
Lets be honest maybe your current setup gets the job done. But what about when that spreadsheet decides to crash on deadline day? Or when updating your ERP requires a week of meetings and a team of consultants? You’re definitely not alone in feeling the drag and we’ll explain why you should give a chance to Advanced Financial Automation.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia
In 2004, I wrote a paper called Acres of Diamonds, in which I first introduced the concept of two commodity characteristics: Dynamic Flux and Historic Flatline. Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.
In the labyrinth of the global food supply chain, the humble egg has emerged as a contender for the spotlight. Join us as we delve into the captivating insights of a supply chain expert from the esteemed University of Denver,unraveling the mysteries behind the soaring egg prices that have ignited whispers of concern among consumers and industry insiders alike.
Note : this article was written between the reciprocal tariff announcement (last week) and yesterday’s announcement of a 90-day pause. During this pause, most countries and goods now see a 10% tariff increase across the board which, to some extent, simplifies tariff determination against origin and type of goods which, as a consequence, could also simplify paperwork.
By the time I have finished writing this article, and certainly before it is published, the situation will have changed. This year has been one hell of a rollercoaster ride, with changes to the global trading environment every day. One is reminded of the Chinese proverb, Better to be a dog in times of tranquility than a human in times of chaos. I recently hosted a webinar in which our star speaker was Lora Cecere, Founder at Supply Chain Insight.
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.
Supply chain managers in 2025 are under mounting pressure to meet rising customer expectations while navigating a chaotic landscape shaped by disruptive policy shifts and global uncertainties.
The digital age has officially arrived in Human Resources. What used to be a patchwork of slow, manual tasks is now running on speed, accuracy, and personalizationthanks to AI Agents in HR. These intelligent tools are flipping the HR playbook, redefining how companies recruit, onboard, and support talent with a sharper, more human touch. Why Are AI Agents Gaining Traction in HR?
This upcoming week, I will write about what is behind the algorithms/AI logic of some of the industry’s leading ProcureTech solution providers. No, you won’t have to be a data scientist or IT guru to understand it practically, as I apply this “letting the air out of the tires” perspective. In short, I will answer the following three questions to remove some of the mystery and add an essential dimension of understanding to your research and selection process for those in t
Supply chain is the unseen backbone that keeps operations running smoothly. Dollar Tree, known for its affordable products, has recently made a strategic move by appointing a seasoned executive to lead its supply chain division. With a focus on home textiles, this new chief is set to bring a fresh perspective and innovative strategies to enhance Dollar Tree’s offerings.
In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.
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