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The continuing effects of the global coronavirus pandemic are being felt in unexpected ways. Across the United States right now, desperate parents are coping with a nationwide baby formula shortage.
• The goal of procurement is to keep up with an organization’s emerging product and supply chain needs to meet the business’s end goals. • Procurement is a strategic process involving identifying, selecting, negotiating, and settling contracts with suppliers. But what is the purpose of procurement? • Procurement aims to purchase the highest-quality products at […].
In today's digital world, companies are under pressure to be more transparent with their customers. This is especially true for supply chains, where customers want to know where their products are coming from and how they’re being made.
This content is part of the latest WBR Report: As the world has been readjusting to the ripple effects caused by the pandemic in the past two years, successful enterprises have developed contingency plans to protect their supply networks from future shocks to the supply chain. Over half of the heads of procurement in our survey (53%) are currently confident in the resiliency of their supply chains, while 20% of the respondents are somewhat confident.
“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.
In the world of supply chain, turning to social media to keep up to date on the latest trends has become more common over time, as followers want to see…
Many people got laid off during the Pandemic. Many still struggle to get a new job. Here is what I noticed, both as a job seeker and hiring manager. The post How to get a job in procurement first appeared on ABC of Procurement.
Writing a RFP is a key business practice that allows issuers to identify the right vendor to solve their biggest challenges. But creating an effective RFP is no easy task. Fortunately, there are best practices you can follow. The post How to write an RFP: 5 key tips, sample RFP templates and tools appeared first on RFP360.
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Writing a RFP is a key business practice that allows issuers to identify the right vendor to solve their biggest challenges. But creating an effective RFP is no easy task. Fortunately, there are best practices you can follow. The post How to write an RFP: 5 key tips, sample RFP templates and tools appeared first on RFP360.
• Prior to the pandemic, procurement executives were already trying to keep up with the breakneck changes that were being witnessed in the industry. From new technology and dynamic best practices, change was everywhere and it was inevitable if you wanted to remain competitive and keep spending low. • With the pandemic as the biggest […]. The post What is the Future of Procurement?
Learn how Körber leveraged Ivalua’s software tools to automate and streamline tactical activities while keeping strategy front and center. Session REPLAY. The global supply chain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supply chain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. .
Challenge. HS2 is Britain’s new high speed rail line being built from London to the North-West, with zero-carbon trains linking Scotland with Manchester, Birmingham and London. It is the largest infrastructure project in Europe and the most important economic and social regeneration project in decades. HS2 Ltd. was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of po
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
• Businesses that deal with multiple vendors face a tough balancing act to optimize their procurement operations. They have to ensure that procurement costs are reasonable and that vendors meet expected quality standards. • Vendor management is an art that requires both policy-level measures as well as agility to adjust to emerging issues. Proper vendor […].
Challenge. Procurement teams can have all the right people, skills, systems and processes in place, but without the right connections and relationships with the rest of the business the function can still fail to meet its potential and deliver against the needs of the wider organisation. That was a challenge identified by the procurement team at the electronics division of Philip Morris International (PMI).
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.
ProcurePort was named a Solution Leader in the e-Sourcing and Supplier Management Category in Spend Matters’ Spring 2022 SolutionMap, where it competed with 67 other procurement technology providers. Spend Matters reaches a global audience of procurement professionals and provides coverage of procurement software and services vendors across the source-to-pay spectrum.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Offline Marketing in the Modern Age! When it comes to marketing your business, brochures are a great way to get the word out. They provide potential customers with all the information they need to know about what you have to offer. But what is a brochure, and how can you create one that will generate interest in your products or services?
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.
Chances are you’re already using LinkedIn to keep an up-to-date roster of contacts, check out what connections are up to, scout out potential hires, and send messages. This powerful tool serves as much more than a social network or recruiting outlet, though — it can play a major role in generating leads and sales for your industrial company. There are a few steps for you to benefit from using LinkedIn to connect with people in their industry, so we wanted to lay out a few tips on how to get star
Accrual accounting offers a valuable way for companies to measure and show their finance health. Bookkeepers can account for both paid transactions and outstanding liabilities, which is more accurate than simply relying on the cash in your bank account.
As global supply chains become more complex, disruption in one link in the chain can significantly impact other areas. Having systems and processes in place to reduce the possibility and subsequent impact of supply chain issues is extremely important. Advancing technologies, such as artificial intelligence and machine learning, make connectivity and supply chain visibility easier.
Buying land is a major shift for Amazon, which historically relied on a handful of developers to find property, build fairly simple warehouses and rent them back to the company. Now, Amazon is increasingly taking parts of the development process in-house — often bidding against long-time partners for the best space.
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.
It shouldn’t be easier to find the answer to ‘Who is the smartest person in the world?’ than it is to find a certain piece of data in a contract. Unfortunately, for many tasked with managing an organization’s contracts, this is the case — even for those using contract management software.
Travel and expenses are essential to operations and growth for businesses of all sizes. But how do companies determine what are acceptable business expenses –or the contrary? Here’s where official travel and expense policies come into play.
Dr Deborah Hemming, of the Met Office, explores climate change and its likely impact on procurement and supply functions. This includes the effects on food supply, the underdeveloped world, farming, and how technology and people can adapt to the future. Climate change is a huge topic. But what does it mean for our future supply chains? Recent reports by the Intergovernmental Panel on Climate Change (IPCC) have shown – unequivocally – that human influence has warmed the global climate and that e
Weeks ago, Moe Vela was saying that cryptocurrencies, contrary to claims by many crypto enthusiasts, were not a viable hedge against inflation. Recent events have served to prove him right.
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
Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Episode show notes “How do you make sure that sustainability is not a compliance play, it’s not a nice-to-do and a tick box? Put it right in your business strategy.” From Simon King’s eventful early career, to his hugely … Continued. The post Small Sustainability Changes to Make a Mighty Impact with Sustainability & ESG Senior Leader, Simon King – Episode 58 appeared first on Talent Drive.
Industrial buying has been subjected to research for over half-century. Instead of looking at the act of buying as a spontaneous event, researchers viewed it as a series of patterns explained by the nature of actors, demands, and relationships. Buygrid Framework: An introduction to industrial buying theory The Buygrid Framework (1967) classical procurement theory analyzes the industrial (B2B) buying behavior and business processes.
Being ethical means being in accordance with the rules or standards for right conduct or practice, especially the standards of a profession. Ethics play a major role in procurement and with the increasing use of technology and consumer behavior changes, it’s something to take seriously as an organization. An example of how ethics comes into play in procurement is in supplier selection, evaluation, negotiation and ultimately awarding business.
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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