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We continue our Procurement Transformation Guide with a look at implementing an e-procurement transformation. Procurement has moved beyond a transactional function. It is now a strategic enabler of operational efficiency, cost savings and supplier innovation. Yet, many organizations struggle to modernize procurement processes, not due to a lack of technology, but because they fail to align workflows, stakeholder collaboration and automation effectively.
The Huggies diaper maker will use the funds to build an Ohio factory and a South Carolina distribution center, as well as install automation upgrades across its supply chain.
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
“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.
We continue our Procurement Transformation Guide with a look at implementing an accounts payable (AP) digital transformation. AP has come a long way from being just a back-office function. What was once a transactional, paper-heavy process has evolved into a strategic enabler of financial efficiency, cash flow optimization and supplier relationships.
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.
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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.
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.
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.
This article serves as the executive summary of a six-part series built for finance and procurement leaders aiming to strengthen their organizations cash flow management and liquidity position. The series follows the methodology described in our Aligning Finance and Procurement in-depth guide , which offers a practical, structured approach to enhancing cash flow visibility, optimizing payment timing, reducing working capital risk and improving liquidity outcomes through closer collaboration betw
In a digital world where innovation and automation reign supreme, the rise of AI-generated code has sparked both excitement and concern within the software supply chain. As technology continues to evolve at a breakneck pace, the prospect of artificial intelligence taking the reins in software advancement raises crucial questions about reliability, security, and the very foundation of our digital infrastructure.
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
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.
In this Spend Matters Spend Matters Vendor Analysis we provide an overview of Trustpair and its solution for fraud prevention and vendor payment security platform. Finance and procurement teams often face challenges such as vendor payment fraud, manual verification inefficiencies, data inconsistencies and the complexity of integrating multiple ERP and treasury systems.
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.
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.
Going back to 1983, the purchasing/procurement department had virtually no say in what technology platform their company implemented. For the most part, we were an afterthought that would have to wait in a long line of competing departments before being told the equivalent of “you’ll get nothing and like it!” Looking back, is it any wonder why we embraced and continue to embrace spreadsheets?
Procurement has long sought a strategic seat at the table. Today, it has earned it but at a cost. As the bi-annual Deloitte CPO Survey makes clear , expectations have never been higher. The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation often without additional headcount or budget. Against this backdrop, a new model is emerging: procurement as Orchestrator of Value.
The carrier also announced 73 facilities would close by June's end as part of “the largest network reconfiguration in our history,” CEO Carol Tomé said.
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.
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.
THE SHORT ANSWER Procurement Insights is not a replacement for analyst firms its a complementary and sometimes disruptive mirror , helping enterprise buyers and tech vendors see past sanitized reports into what actually matters to practitioners. It serves as a bridge between what procurement professionals feel and what industry reports often overlook.
When a missing repair part for critical equipment or sudden spike in fertilizer prices can derail your entire season, procurement becomes a frontline strategy. And external pressures such as unpredictable weather, volatile supply chains, and labor shortages arent making it any easier. Its harder to plan ahead, control spend, and protect margins. But one thing is clear: the traditional way of doing things (manual documentation, siloed processes, last-minute purchases at higher prices), doesnt cut
Navigating the turbulent skies of todays supply chain crisis, airlines are reaching impressive new heights of ingenuity to keep their fleets aloft. From scavenging for spare parts in unconventional places to rethinking traditional maintenance strategies, the aviation industry is confronting unprecedented challenges with bold, creative solutions. In this article, we take off on a journey through the ways airlines are adapting to aircraft parts shortagesreshaping their operations to ensure smooth
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.
Critical Perspective : Leadership stability drives innovation, but SAP Aribas corporate structure may limit agility compared to smaller firms like Tealbook or ORO Labs. Agree or Disagree? Leadership Table for ProcureTech Solution Providers * NOTE* I selected the Finance Industry sector for the Key Focus column in this post, but I will build a matrix for the previously identified Top 5 Procurement and Supply Chain Concerns For These Five Industries (According To Who!?).
Modis endorsement not only bolsters the port-to-power Adani conglomerate, it also signals that the overhang around the U.S. indictment could be easing for Asias second-richest person.
Resources / Infographics / Reclaiming Opportunities with Predictive Procurement Reclaiming Opportunities with Predictive Procurement 1. Expand Reach and Influence on Spend Predictive Procurement can drive efficiency across procurement by identifying patterns that reduce the amount of time spent on tactical activities. 2. Drive Smarter Decisions Predictive Procurement solutions can deliver information efficiently using machine learning and artificial intelligence, producing deep insights and bett
The ripple effects of U.S. auto tariffs are being felt across global supply chains. As the automotive industry grapples with mounting challenges, a new trend is taking shape a strategic shift toward cash flow management and financial resilience. In response to growing uncertainty, companies are increasingly turning to digital tools and smart financial strategies to navigate the turbulence.
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
The next major battleground in ProcureTech will be between platforms that truly own and intelligently curate their data and workflows versus those simply bolting AI onto legacy structures. Proprietary supplier intelligence + smart, humanized orchestration = real long-term winners. Procurement Insights Reference Articles: When choosing a consultant or solution provider Stop BuyingLogos!
Several technology vendors are rolling out new tools to help retailers and manufacturers track the impact of tariffs on their supply costs and improve decision-making.
CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend… The post Technology Round-Up April 30, 2025 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
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.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
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