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Business spend management (BSM) refers to a unified, coherent set of business processes, supported by software that encompasses invoice management, procurement, and expense management. Business spends management addresses all the ways employees spend money within an organization. Spend management also captures related processes such as product lifecycle management, inventory management, supplier information management, budgeting, analytics, […].
Avid readers of our blog know what is happening here when the holidays are fast approaching and Santa is waiting for biggest supply chain gig of the year: Time for…
“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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Can Decentralized Finance Revolutionize the Financial Segment? Decentralized finance article and permission to publish here provided by Jean Nichols. Blockchain technology has not only raised the popularity of bitcoins to new heights. It has also contributed a lot to several other financial service sectors, one of which is decentralized finance.
Global supply chains have suffered immensely in the last two years due to the COVID-19 pandemic. There has been a shortage of materials, shipping prices have gone up, and ports have been backed up. A lot of companies missed their demand forecasts. This has in turn affected global commodity prices leading to a discussion about […]. The post 2022: The Year to Build Supply Chain Resiliency appeared first on ProcurePort Blog.
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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.
Global supply chains have suffered immensely in the last two years due to the COVID-19 pandemic. There has been a shortage of materials, shipping prices have gone up, and ports have been backed up. A lot of companies missed their demand forecasts. This has in turn affected global commodity prices leading to a discussion about […]. The post 2022: The Year to Build Supply Chain Resiliency appeared first on ProcurePort Blog.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Things Startups Must Know Before Launching a Minimum Viable Product (MVP)! Business partnership article and permission to publish here provided by Claire Glassman. The idea of starting a business partnership can be very exciting. It allows you to utilize complementary talents and shared 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
In the procurement of innovation, at least one aspect of the whole process carries some uncertainty. This is the origin of risk in any procurement process. The challenge for managers is to identify the risk for all parties involved and quantify it. They must then move on and assess the necessary mitigating actions to be […]. The post Risk Management in the Procurement of Innovation appeared first on ProcurePort Blog.
Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation. The project has been delivered in partnership with Optis Consulting, a leading Source-to-Pay consultancy.
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.
The holidays are placing even more stress on supply chains. Here are four ways you can help lower stress, minimize damage and deliver positive customer service.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Product Packaging Mistakes That Could Cost You Customers! Product packaging checklist article and permission to publish here provided by Claire Glassman. When shopping for new products, it’s always the packaging that will first catch the eyes of the buyer. For consumers who are yet to try what’s inside, the packaging is often what influences their decision whether to buy it or not.
The World of Procurement Community on Discord is Live I'm announcing the World of Procurement Discord community server. Join the Community. I'm super excited about this community server. Discord has been a place that I've really enjoyed using throughout 2021. I’ve had issues with LinkedIn. It is sometimes problematic with the way in which it drives traffic to content.
Digital disruption impacts companies of all sizes and across different industries, creating new channels for partner and customer interactions. That, in turn, subverts industry dynamics and core, business models. In a report by McKinsey and Deloitte, companies see their future viability and relevance under fire. According to Deloitte, in the next generation of digital procurement, […].
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.
Over the next few weeks on CPO Rising, we are going to re-publish episodes from our “Procurement Rising” podcast series. In this podcast series, I interview Chief Procurement Officers and Best-in-Class procurement leaders as well as technology and business experts working in procurement and supply management. Our goal is to find people who are passionate about procurement and […].
The advent of business networks on cloud platforms enables real-time visibility into supply chain conditions, allowing organizations to respond nimbly and add millions to their top and bottom lines.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Considerations Before Investing in Bitcoin! Coinbase article and permission to publish here provided by Jean Nichols. Some of the top-rated crypto exchange platforms available have always given their best to offer a smooth bitcoin-based experience. Coinbase has booked a top spot among all these platforms as it is one of the most innovative crypto exchange platforms available on the internet.
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
Digital Transformation for Shopify Vendor Bonaventura started their digital transformation of end-to-end Pre-Season Planning with Solvoyo. Bonaventura sells its premium products on 5 different sales channels, including Shopify, Amazon and Rakuten. The post Premium Leather Goods E-Tailer appeared first on Solvoyo.
Are you tired of working across multiple channels – Excel and Word spreadsheets – to get purchase requisition right? Well, what if we told you that there is an all-in-one purchase requisition system to put all your troubles at bay? Yes, for years enterprises have had to rely on manual legacy modes of gathering all […]. The post Purchase Requisition System – All-in-One Purchasing Platform appeared first on ProcurePort Blog.
The view on procurement from the perspective of traditional economic theories Nowadays, procurement increasingly speaks up about its critical role in the firm's very existence. Despite this being true for many companies, we're mainly trying to create awareness instead of claiming our well-deserved place in the company ranks. In fact, the importance of procurement was confirmed many decades ago upon the formulation of some classical economic theories.
Massy, France, 16 December – Ivalua, a leading provider of global Spend Management Cloud solutions, has joined the United Nations (UN) Global Compact, the world’s largest voluntary corporate sustainability initiative. The way consumers, businesses and public institutions spend significantly impacts the sustainability and social agenda of supply chains globally.
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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Warehouse Order Fulfillment Articles! Order fulfillment challenges article and permission to publish here provided by Catherine Park. If you run an online business, you definitely know that managing it involves many moving parts. Ecommerce order fulfillment is among these moving parts that most eCommerce retailers overlook.
Over the next few weeks on CPO Rising, we are going to re-publish episodes from our “Procurement Rising” podcast series. In this podcast series, I interview Chief Procurement Officers and Best-in-Class procurement leaders as well as technology and business experts working in procurement and supply management. Our goal is to find people who are passionate about procurement and […].
Over 59% of enterprises report using supply chain analytics in their daily operations. With data being the new oil, smart Chief Procurement Officers make full use of it to make strategic decisions. In fact, nearly half of respondents (49%) in Deloitte’s The Analytics Advantage report admit that their major use for analytics is to make […]. The post Supply Chain Analytics: What It Is & Why It Matters appeared first on ProcurePort Blog.
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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