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On October 31 at 10:30 a.m. ET, the Spend Matters Analyst Team will celebrate Halloween by treating all to a webinar that shares the insights they have derived while compiling this year’s 50 to Watch, 50 to Know and Future 5 lists. These lists mark the 11 th year in which Spend Matters highlights the best in procurement technology development and innovation.
In an era where technological advancements are necessary for staying competitive, the digitization of supply chains represents a pivotal shift in operational excellence.
Sales & Operations Planning (S&OP) is an established industry process that aims at finding a balance between demand and supply and streamlining cross-functional collaboration. Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.
Don’t miss Matthew Buckingham ’s Forbes article on how modern procurement systems are tackling today’s biggest supply chain challenges – ProcureFocus (October 30th, 2024) I read the above-referenced article, and here is my observation: Has the author said anything regarding predictive analytics, collaborative supplier networks, optimized inventory management, risk management, and automation that you have yet to hear?
“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.
Essential Guide to Supplier Collaboration Supplier collaboration is redefining success across industries. It’s no longer just about maintaining good relationships; it’s about turning those connections into engines of innovation, efficiency, and sustainability. Strong supplier partnerships drive new product development, unlock cost efficiencies, and ensure supply chains are adaptable to changing market conditions.
There are so many powerful and disruptive forces in play globally in the modern era that the volume of alerts, red flags and supply chain issues can soon become dizzying. CPOs are in the eye of the storm, managing disruption after disruption – from extreme weather to port strikes to out-and-out war. And these past two weeks have had all of these and more.
A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. As little as 10 years ago, we heard stories of pretty much indifference to risk: “supply risk management was young,” we heard, and “we didn’t worry too much about risk; we spent a very small percentage of our time on it.
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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.
A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. As little as 10 years ago, we heard stories of pretty much indifference to risk: “supply risk management was young,” we heard, and “we didn’t worry too much about risk; we spent a very small percentage of our time on it.
Last year, Halloween brought neighborhoods to life with lookalikes of Barbie, Spider-Man, and Indiana Jones lookalikes, all inspired by the year’s top trends.
The global supply chain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher.
Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. The concept goes beyond traditional buyer-supplier relationships, focusing on creating value through closer, more integrated partnerships.
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
There are two weeks to go until the 2024 U.S. Presidential Election. Interest, speculation, and tension have been building all. The post 2024 U.S. Presidential Election Special Series appeared first on Art of Procurement.
Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , ivoflow, Covalyze, Halo Ai and True Value Hub. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative applic
As businesses become increasingly global, professionals in the supply chain field must keep up with new technologies, trends, and best practices. With numerous platforms offering online courses, including edX supply chain courses and SCMDOJO academy , it can be challenging to choose the one that best fits your needs, especially when it comes to specialized fields like supply chain management.
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 Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Their responsibilities focus on going beyond cost reduction and achieving broader business goals such as growth, innovation, and customer satisfaction.
Even if the dispute between the ILA and USMX is resolved quickly, the battle over automation at U.S. ports is set to rage on for a good long while to come.
As part of our Q4 research into supplier risk, third-party and supply-chain risk management (TPRM/SCRM) and the solutions that support it, we have not only conducted analyst- and market-led research in the shape of analyses, advisory, definitions and webinars, but taken the pulse of the practitioners who use that technology and who deal with risk on a daily basis (for example here and here ).
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.
Imagine a bustling port, filled with cargo containers waiting to be loaded and shipped across the world. But instead of swift, efficient movement, operations have slowed to a crawl. Why?
Whenever I find out that a company – or a person – decided to do something new in 2020 or. The post Creating a B2C to B to C Improvement Cycle at Walmart Business appeared first on Art of Procurement.
Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily.
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
Most manufacturers believe they're prepared for supply chain disruptions because they have contingency plans in place. In reality, those plans are often fragmented and short-term in focus.
Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them. For the Future 5, Spend Matters analysts scour the market to find new specialist solution providers that can answer a burning need of procurement practitioners today.
Organizations navigating increasingly complex global networks have discovered that integrating sustainable practices has multiple key benefits. Sustainability can drastically slash waste, streamline operational efficiency, and even improve employee engagement.
In 1932, Aldous Huxley published the book Brave New World. At the time, the actual world was perched between World. The post Tips for Surviving in a Brave New World appeared first on Art of Procurement.
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.
The automaker is partnering with Lithium Americas to develop the Thacker Pass Mine in Nevada, where GM agreed to buy up to 100% of lithium produced for 20 years.
Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logist
Data and AI Solutions to Advance Sustainability: Expert Insights from Industry Leaders In an era where technology and environmental responsibility intersect, The Economist Impact brought together industry leaders to explore how artificial intelligence and cloud computing are revolutionizing sustainability initiatives. Hosted by Phillip Cornell, this Insight Hour featured an engaging discussion with Brandon Potter (Microsoft), Read more The post Accelerating Sustainability with AI: Expert Insight
In this Spend Matters Vendor Analysis we provide an overview of Onventis and its solution for source-to-pay (S2P). Source-to-pay solutions allow organizations to streamline how they manage their procurement lifecycle from start to finish. S2P suites typically cover sourcing, supplier management, contract management, spend analytics, AP automation and e-procurement.
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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