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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.
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.
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 our previous posts ( part 1 , part 2 ), we explored the potential of AI agents in procurement, how they can drive efficiency, and the organizational changes required to adopt them effectively. Now, we turn to a crucial but often overlooked piece of the AI puzzle: Where do these AI agents get their data, and how do you ensure it’s accurate and compliant?
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.
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.
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.
The Short Answer Adding The Largest Proprietary Historic Procurement Industry Archives to Procurement Insights would significantly enhance its value proposition and impact its cost-to-value assessment in several important ways: Competitive Differentiation and Unique Value Unmatched Industry Memory: Procurement Insights would become the only advisory and analytics firm with access to the industry’s most comprehensive, proprietary historical procurement records.This archive would provide con
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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.
The Short Answer Adding The Largest Proprietary Historic Procurement Industry Archives to Procurement Insights would significantly enhance its value proposition and impact its cost-to-value assessment in several important ways: Competitive Differentiation and Unique Value Unmatched Industry Memory: Procurement Insights would become the only advisory and analytics firm with access to the industry’s most comprehensive, proprietary historical procurement records.This archive would provide con
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
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 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.
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?
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
Category-specific procurement tools – both in the direct and indirect spend space – are quietly booming. Even now, with a lot of talk about a stark consolidation of procurement SaaS solutions, I’m extremely bullish about this specific part of the market. Why? Because these specialised solutions are answering needs that traditional Source-to-Pay (S2P) suites simply weren’t built to meet.
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 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.
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.
“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 have been utilising an AI -driven approach that dramatically accelerates category strategies’ delivery with some of our most progressive clients. As discussed in our article on the next stage of AI and digital category management , AI is nowadays able to analyse and scrape market information, review existing and predict future spending, and propose value levers based on your business needs.
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.
Gathered around a table laden with insights and expertise, industry leaders recently convened at the institute for Supply Management to delve into the latest hot topics shaping the world of supply chain management.From procurement strategies to risk mitigation, the roundtable discussion was a lively exchange of ideas and perspectives. join us as we explore the key takeaways and continuing conversations that emerged from this insightful gathering.
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!?).
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.
Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode, Martin Smith interviews Richard Evans, Executive Commercial Director for NHS Supply Chain. Richard shares valuable insights from his extensive career in procurement, discussing his transition from consultancy to the NHS, the importance of purpose in his work, and the challenges … Continued The post The Future of NHS Procurement: Challenges, Leadership, and Patient Outcomes with Richard evans – Episo
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.
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
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!
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
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
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.
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.
Procurement Insights isn’t just an opinion engine. It’s the institutional memory of the procurement profession and the only advisor offering contextual guidance built from decades of archived intelligence. – Procurement Insights subscribers Procurement Insights’ newly integrated Historic Procurement Industry Archives is a powerful complement to other procurement industry firms, not a competitor.
Explore how a global manufacturing organization steadily advanced its supply chain maturity – starting with basic transportation management and evolving towards a fully integrated, optimization-driven planning approach. Get an inside look at a multi-year 4PL collaboration journey, culminating in the implementation of 4flow TORO to unlock the full potential of early optimization in material and transportation planning.
In a bold strategic move set to reshape its operational landscape, Argentinas energy giant YPF is teaming up with Globant to integrate cutting-edge artificial intelligence technology into its supply chain processes. This landmark collaboration between two industry leaders signals a transformative shift in how energy companies pursue efficiency, agility, and innovation.
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
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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