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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.
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.
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?
From our research, it is clear that many organisations still see category management as simply another term for strategic sourcing. However, we believe that category management and strategic sourcing focus on different aspects and have distinct goals. What is category management in procurement Category management is the process of organising spend into groups of related products and services according to their characteristics, market dynamics, or business objectives.
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.
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.
EDITOR’S NOTE: Here are three separate third-party sources analyzing the success and impact of implementing the original RAM Agent-based Metaprise model to support the DND’s IT infrastructure. As always, I encourage you to do your own research on the Agent-based versus Equation-based models and the comparisons between the Agent-based Metaprise and the Orchestration and Intake models.
Every business, big or small, relies on purchasing goods and services to keep operations running smoothly. But without a clear system to manage these purchases, things can quickly spiral into A mess delays, overspending, or even errors. This is where a Approval Workflowsteps in as a game-changer. APurchase Order Approval Workflowis a structured process that ensures every purchase request is reviewed, approved, and tracked efficiently before any money is spent.
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Every business, big or small, relies on purchasing goods and services to keep operations running smoothly. But without a clear system to manage these purchases, things can quickly spiral into A mess delays, overspending, or even errors. This is where a Approval Workflowsteps in as a game-changer. APurchase Order Approval Workflowis a structured process that ensures every purchase request is reviewed, approved, and tracked efficiently before any money is spent.
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.
We continue our Procurement Transformation Guide by hearing from Sammy Rashed, a productivity advisor and procurement strategist. For the past 12 years, Sammy Rashed has applied the experience he gained from being a procurement and strategic sourcing leader at Novartis and Merck to serve as the expert facilitator of several practitioners-only Procurement Think Tanks globally.
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.
Trade Wars & Tariffs The recent announcement of tariffs by President Donald Trump has sent shockwaves across global supply chains. The consequences for the Food and Beverage sector are profound. As raw materials, packaging, machinery, and even secondary ingredient components are impacted, the ripple effects are already threatening procurement costs, supplier continuity, and regulatory complexity.
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
Curiosity has always been a passion and driving force behind what I do, which means it’s good that I am not a cat. I love to ask questions and enter discussions without preconceived ideas of what I will hear. In short, while I always do my homework before a call or a meeting, once the conversation begins, I push what I know or think I know aside and just focus on what the other party is saying.
Featuring Debbie Rosler, Fractional CFO at Burkland What happens when a startup CEO borrows $1.5 million from their own company – and no one notices until the money runs out? In this eye-opening post, we hear from Debbie Rosler, a seasoned fractional CFO at Burkland , as she walks us through one of the most defining – and alarming – experiences of her career: stepping into a company rocked by internal fraud and helping bring it back from the brink.
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.
Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets. Across industries, AI is capable of reshaping procurement, making it smarter, more predictive and highly efficient. In this article we will highlight some of the key changes AI has made to procurement strategies in the following industries: manufacturing and industrials, life scienc
“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.
How Intake and Orchestration AI Are Reshaping Procurement If youve been paying attention to technology developments in procurement, youve probably come across the term Intake & Orchestration. So, whats it all about? And why should you take note? Intake AI refers to the use of artificial intelligence to capture, understand, and classify incoming requests or needs, whether from users, systems, or documents.
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.
In the context of my previous article, “What is continuous, self-cleaning data?”, the relationship between human agents and AI agents is pivotal to achieving and maintaining clean data within procurement systems. Understanding Human and AI Agents Human Agents : These are procurement professionalssuch as buyers, managers, and supplierswho bring contextual knowledge, judgment, and experience to the procurement process.
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.
In a groundbreaking endeavor to foster innovation and collaboration in the realm of manufacturing and supply chain development, RTMA, the Rochester Technology and Manufacturing Association, has announced the hosting of a free summit. This exciting event aims to bring together industry leaders, experts, and enthusiasts to explore the latest trends, challenges, and opportunities shaping the future of these crucial sectors.
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
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.
Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary On this episode, Ben Farrell MBE, discusses his journey from a 23-year military career to becoming the CEO of CIPS. He shares insights on leadership, the importance of emotional intelligence, and the challenges and opportunities in the procurement profession. Ben emphasises the need … Continued The post Marching Forward: Ben Farrell’s Mission to Modernise Global Procurement – Episode 109 appeared first on Talent Dr
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.
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.
The current economic climate is beginning to slow down and moving towards recession. Supply chains are particularly vulnerable during recessions. Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. These disruptions can occur due to decreased consumer demand, supplier instability, or logistical challenges.
In an ambitious move set to reshape the landscape of healthcare supply chain in the United States, Thermo Fisher has unveiled plans to inject a massive $2 billion investment. This bold initiative is poised to revolutionize the way essential medical supplies and equipment are sourced and distributed, ushering in a new era of efficiency and reliability in the sector.
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.
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
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.
The difference between the competent leader nobody follows and the average thinker everyone listens to isn’t intelligenceit’s persuasionthat elusive quality that transforms your brilliant ideas from solitary thoughts into company-wide initiatives. Persuasion isn’t some fancy concept from your dust-collecting MBA textbooks. It is what separates your carefully crafted proposal from the dozens that die quietly in inboxes every day.
MODEL 1 While over half of organizations have some form of classification policy, fewer have fully aligned, organization-wide taxonomies. Estimates suggest only 2030% of organizations achieve high-quality taxonomy alignment, with higher rates in sectors facing regulatory pressure (e.g., utilities, finance). MODEL 2 Approximately 2050% of companies use a properly aligned taxonomy, with 4060% in regulated/large enterprises, 2040% in procurement functions of large firms, and 1020% or less in SMEs.
Every year, businesses losebillions of dollarspaying for things they never ordered, never received, or were overcharged for. Small companies are hit hardestthey face billing fraudtwice as oftenas bigger ones. Imagine receiving an invoice for services or products your company never ordered, never received, and never approvedyet you unknowingly pay it.
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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