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A focal point of Procurement Leaders’ community activities in 2025 will be exploring how the relationship between procurement and other key internal stakeholders must evolve to meet the demands of this increasingly topsy-turvy world we inhabit. Its nothing new, you might think. Stakeholder engagement is a fundamental part of the role and various approaches exist, including procurement working directly with critical functions aligning itself both physically and metaphorically to help deepe
Implementing a procurement digital transformation, whether digitalizing tools or processes, often turns out to be a much more complex task than anticipated. There are reasons for this. To help inform organizations on the cusp of transforming, we wanted to learn more from the people who are actually carrying out the day-to-day implementation and have first-hand experience of what can go wrong the systems integrators.
Temu, one of the fastest-growing online marketplaces in recent years, captures more than 292 million hearts monthly since its launch in the U.S. in 2022.
Globally, governments around the world are upgrading their procurement functions with a fresh perspective. The New Government Procurement Act is at the forefront of these reforms, introducing transparency, efficiency, and accountability in public spending. The Philippines has enacted the New Government Procurement Act (Republic Act No. 12009), marking a major step toward streamlining procurement.
In late 1998, with funding from the Government of Canada’s Scientific Research & Experimental Development (SR&ED) program, I converted my “strand commonality” theory into one of the industry’s first web-based procurement platforms. Utilizing an agent-based model, RAM leveraged self-learning advanced algorithms within a nascent AI framework architecture to enable the Department of National Defence to select the right supplier 97.3% of the time. “The concept o
Artificial intelligence (AI) has been revolutionizing the market, and one of the sectors that benefits the most from this technology is sales. By using AI in the sales funnel – integrating BPM and BPA – it is possible to automate and make it more efficient. This reduces operational costs, eliminates bottlenecks, and improves the customer experience, which increases customer retention.
Another day, another tariff. This time, a 200% tax on French wine and Champagne is being threatened as a backlash against EU plans to impose significant levies on the importation of American whiskey. Its enough to give your average CPO a migraine and thats without drinking the focus of the tariffs themselves. Then there are taxes on the import of steel and aluminium to the US, adding to the web of draconian tariffs that have already been threatened and continue to land with alarming regularity.
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Another day, another tariff. This time, a 200% tax on French wine and Champagne is being threatened as a backlash against EU plans to impose significant levies on the importation of American whiskey. Its enough to give your average CPO a migraine and thats without drinking the focus of the tariffs themselves. Then there are taxes on the import of steel and aluminium to the US, adding to the web of draconian tariffs that have already been threatened and continue to land with alarming regularity.
For procurement professionals, AWS Marketplace might not be the first thing that comes to mind when thinking about Amazon. Many are more familiar with Amazon Business, a platform for sourcing indirect physical goods. However, when it comes to procuring third-party software, data and professional services, AWS Marketplace is the dedicated platform designed to support businesses in building and running their digital infrastructure.
Imagine ordering a smartphone online, expecting swift delivery, only to receive a notification that the estimated arrival time has been pushed back by several months.
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred. Purchase Price Variance (PPV) can be tracked monthly, quarterly, biannually, or annually for a specific item or the overall spending over a given period.
Since we increasingly rely on the power of Generative AI, I thought I would pose the following questions regarding AI’s take on RAM and see what the future has to say about the past. Now, these are only the highlights of each answer. The more detailed insights were eye-opening. However, what I am sharing today is a good starting point for a much-needed discussion.
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
Digital procurement tools offer both immediate benefits and long-term returns. While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins.
An email from a CPO member a couple of weeks ago illustrated the extent to which the current disruption whether thats political, or otherwise is impacting the life of your average CPO. The email itself was fairly innocuous, with the CPO in question commenting on a previous newsletter Id sent and sharing how he was travelling to India to develop local markets, build new relationships and deepen existing partnerships further.
This Spend Matters Vendor Analysis provides an in-depth look at Hivebuy, a fast-growing solution in the indirect procurement space with a strong focus on small to medium-size enterprises (SMEs) and the middle market within the DACH region. Founded by procurement and finance experts, Hivebuy has established itself as a transparent, easy-to-onboard platform with seamless integrations to over 100 webshops and 20 ERP systems.
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 In the world of public procurement and competitive bidding, a structured tender evaluation process ensures that organizations select the most qualified vendors while maintaining transparency and efficiency. Whether you are a procurement officer, business owner, or supplier, understanding the tendering process is crucial to making informed decisions.
ERP (Enterprise Resource Planning) implementations can help and hurt procuretech solution implementations, depending on how theyre executed, aligned, and prioritized within an organization. As of March 3, 2025, the interplay between ERPs (e.g., SAP, Oracle, Microsoft Dynamics) and procuretech solutions (e.g., Coupa, Jaggaer, Ariba) is a critical factor in procurement success or failure, given their overlapping goalsstreamlining processes, integrating data, and optimizing spend.
In a bold move to solidify its presence in the US market, tech titan Nvidia has announced plans to inject hundreds of billions into its supply chain infrastructure.The decision, unveiled by the company’s chief executive, marks a strategic shift that could have far-reaching implications for the industry. As the landscape of global commerce continues to evolve, Nvidia’s enterprising investment signals a commitment to innovation and growth in the ever-evolving te
In an era where digital transformation is reshaping industries, government procurement is no exception. Advanced technologies such as AI, automation, and predictive analytics are playing a pivotal role in optimizing procurement processes, enhancing transparency, and driving efficiency. The UAE, a leader in government digitalization, continues to set new benchmarks by integrating AI-powered procurement solutions that streamline sourcing, supplier management, and contract execution.
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.
Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. While technology plays a crucial role in modernizing procurement functions, stakeholder engagement ultimately determines whether digital initiatives succeed or fail. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.
For decades, automation has been a driving force behind manufacturing efficiency, but nowhere is this transformation more evident than in Chinas electric vehicle (EV) industry.
Running a business means making wise financial choices, including managing money, goods, and services. But keeping track of purchase orders, invoices, and spending can quickly become a headache, especially as your business grows. Thats where QuickBooks procurement software comes in. But heres the catch. QuickBooks doesnt offer a dedicated procurement tool.
Without revealing actual details, have you been part of or witnessed a failed ProcureTech initiative? Please take a moment to respond to my poll, as I will use the results in an upcoming paper that I will share with the Purchasing & Global Supply Chain Professionals (PGSCP) group on LinkedIn. ABOUT PGSCP With 163,933 members, PGSCP is one of the oldest and first LinkedIn groups created for procurement professionals and the industry.
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 the volatile landscape of global trade, the specter of tariff uncertainty looms larger than ever, casting a shadow of doubt and disruption over supply chains worldwide. As businesses navigate these turbulent waters, the stakes have never been higher, with the potential for unforeseen risks and challenges at every turn. in this article, we delve into the evolving landscape of supply chain risk amidst ongoing tariff ambiguity, shedding light on the complexities and impli
Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape. With numerous options available across the source-to-pay spectrum, weve compiled the top three key technologies CPOs should embrace in 2025: 1.
This analysis contains excerpts from a previously published piece authored by Michael Lamoreaux. This Spend Matters Vendor Analysis provides an overview of Spendkey and its solution for spend analytics. In today’s competitive business landscape, procurement departments face constant pressure to optimize costs while maintaining the quality of goods and services.
The shipping industry is at a turning point. With new regulations, groundbreaking fuel technologies, and ambitious decarbonization targets, the need for collaboration and innovation has never been greater.
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.
EDITOR’S NOTE: Here is the link to my recent LinkedIn post. In today’s Procurement Insights post, I share a comment by Max Henry and my corresponding reply. This is the “real story” we all seem to overlook – procurement practitioners must take the lead on their organization’s digital transformation strategy. Until they do so, the generational failure rate of ProcureTech initiatives will continue.
A tapestry of economic growth and strategic planning, Saudi Arabia’s supply chain market is set to embark on a journey towards surpassing the US$ 970 million mark by 2033. As the threads of commerce intertwine, creating a vibrant ecosystem of trade, logistics, and innovation, the Kingdom’s position on the global stage is poised for exponential rise.
Uncertainty around federal and state policy changes poses a significant challenge for procurement leaders across all types of higher education institutions. Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements. One major concern is the possibility of reductions in public service funding, which could lead to cuts in state appropriations for higher education, putting
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