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German trade body warns Omicron could damage supply chains Germany’s BGA trade association has warned that huge supply chain disruptions could occur due to the spread of the Omicron variant…
The world of procurement is so vast and can be quite complex. Common terms such as ‘requisitions’ and ‘purchase orders’ can be easily mixed up. If you’ve ever wondered: What do these terms actually mean? Are requisitions and purchase orders the same thing? How do their roles differ in a procurement life cycle? Keep reading. […]. The post Purchase Requisition vs Purchase Order: What’s the Difference?
“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.
Do companies follow the same procure-to-pay procurement steps used in direct spending when making in-house related purchases? The answer is yes. They follow similar procure-to-pay procurement life cycle steps as when buying raw materials for fabrication of goods for sale. But what exactly does procure-to-pay mean and indirect spend as well? Let’s find out.
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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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The History and State of Vehicle Routing! Route planning trends article and permission to publish here provided by Cristina Par. Online shopping has been around for a while now. However, the largest shift in consumer inclination towards online shopping came with the onset of the COVID-19 pandemic.
If you struggled with your procurement management process before, your fight ends here. In this post, we outline 5 key steps that will help you to establish a good framework for properly managing your procurement activities in 2022. In addition, you’ll also find out why you need to ditch legacy management procurement practices for automated […].
Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2021 articles as we reflect on the year and prepare for the new year ahead. Ardent recently completed its sixteenth annual CPO-themed market research study, “The State of Procurement & the CPO”, which is part of an ongoing dialogue that my team […].
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
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Fake News or Supply Chain Fallacies? Supply Chain myths article and permission to publish here provided by Sam White at Argentus. Like any other industry, Supply Chain Management comes with its own myths and misconceptions that can easily mislead many businesses. This is especially true when people try to seek out the best way to optimize their Supply Chains – only to actually be slowly sabotaging them and making them more in
When set up right, a supplier development program will lead to producing a trusted business partner. Procurement Teams are responsible for an increasing number of suppliers. Consequently, this increases the probability of doing business with suppliers that fail to perform to their potential. However, this does not mean that perfect supplier performance is an unrealistic goal.
Over Christmas, I started thinking about the top Contract Management trends for 2022. Essentially, I believe that we will build on the trends that emerged in 2021 as we navigated our way through a new way of living, travelling and existing. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues.
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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is the Right Cryptocurrency Mining Software for You? PKT cash crypto article and permission to publish here provided by Olivia Alex. As technology improves, many individuals and industries need to keep up with digitalization. In other words, they need a faster and more reliable Internet connection.
2021 saw a massive amount of challenge for procurement teams; supply chain management challenges, political changes, trade barriers, COVID related staff shortages in all areas, blocked ports and working from home have thrown it all up into the air. A rapid acceleration of COVID suggests that we might be seeing a repeat of the supply chain management challenges ramping up into the early part of 2022, alongside more staff shortage and more working from home – a return to ‘normal’
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.
An omicron outbreak in China is sending jitters through supply chains as manufacturers and shippers brace for disruption inside the world’s-biggest trading nation if it can’t contain the fast-spreading variant.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Disintermediation of the Supply Chain! GET our EBOOK HERE. There was a time, not so long ago, when Supply Chain was viewed merely as a necessary, but unimportant, back office function. And for many people they still work in an environment where Supply Chain is not given the respect that it rightly deserves.
The confrontation between procurement and stakeholders One of this blog's readers recently wondered why procurement constantly conflicts with stakeholders and fails to understand them. Possibly, many of my colleagues asked themselves a similar question. As we're trying to cope with the evolutionary changes in the business and facelift (if not upgrade) legacy practices accordingly, we still fear stepping out from our comfortable jurisdiction.
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.
Distributors and third-party logistics providers are faced with competitive pressures due to higher customer expectations, higher costs and lack of available people, transportation and space resources. But how do supply chain leaders eliminate these challenges?
Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2021 articles as we reflect on the year and prepare for the new year ahead. The business world is forcing its executives, like the Chief Procurement Officer (“CPO”), to adapt to changing market conditions, customer demands, and technology innovations in […].
Since the merger of Orderhive and Cin7, the combined number of customers has grown to more than 7,000 in 65 countries. The post Orderhive and Cin7 – One Year Into a Great Partnership appeared first on Cin7 Orderhive.
I’m joined today on the Procuretech Podcast by Sammeli Sammalkorpi, CEO of Sievo, one of the stalwarts of the spend analytics space. The well-known Finnish company were actually founded almost 19 years ago! . During this time, what started out as a simple spend analysis tool has grown to be a comprehensive best-of-breed solution for spend analytics.
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
Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2021 articles as we reflect on the year and prepare for the new year ahead. One of the striking data points in our 2021 State of Procurement and the CPO report is that the Best-in-Class adopt individual supply management applications […].
“Grudin’s law: When those who benefit are not those who do the work, then the technology is likely to fail or, at least, be subverted.”. ? Don Norman. In a revealing statistic in Hackett’s latest P2P benchmark report, the gaps in the ‘usability’ of procurement software become evident. As per Hackett, even for Top Performers: only 20% of stakeholders would describe their user experience as consumer-like.
In this episode our guest, Cyril Pourrat , Chief Procurement Officer at BT discusses the creation of BT Sourced. BT Sourced is the innovative procurement arm of BT and was established to challenge the traditional ways of buying goods and services, with the introduction of new technology.
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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