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Happy Valentines day, here is some procurement satire for February the 14th! Lack of Emotional Sensitivity: Procurement departments are typically focused on logistics, cost-effectiveness, and efficiency, which may not align with the emotional nuances and sentimentality of Valentine’s Day. Limited Creativity: Procurement professionals are trained to streamline processes and optimize resources, but they may lack the creativity needed to plan and execute romantic gestures and surprises effect
Marketing is the art of the four “Ps”: Product, promotion, pricing, and placing. Another overlooked “P” falls under the umbrella of “Product”: Packaging.
“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.
If you live in the UK or keep on top of the British news agenda, you may have seen a story over the past few days concerning a political party announcing a U-turn on its signature green investment policy. What was said? Sir Keir Starmer, leader of opposition Labour party, announced that its flagship £28bn/year green investment pledge would be reduced to £15bn/year, of which only £5bn would be new money.
As the technology has advanced and become more available, 3D printing is expected to become an integral part of many industries’ operations and could ultimately help companies achieve sustainability goals.
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As the technology has advanced and become more available, 3D printing is expected to become an integral part of many industries’ operations and could ultimately help companies achieve sustainability goals.
Remember how cool it felt when you first held a smartphone in your hand? The compact design and touch-based interactivity seemed like a leap into the future. Before long, smartphones became a way of life for organizations worldwide because of all they offer for business productivity and communication. Generative AI ( artificial intelligence ) promises a similar leap in productivity and the emergence of new modes of working and creating.
In this Spend Matters Vendor Analysis, we provide an overview of Supply Risk Solutions and its solution for supplier (chain) risk management. Supplier risk management is crucial for a variety of reasons. First and foremost, it helps organizations identify and mitigate potential disruptions in their supply chain. Imagine relying on a single supplier for a critical component — if they face a problem, it could jeopardize your entire production process.
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
With all the technology, labor issues and innovation taking place in supply chain, making it all work together is akin to a large-scale musical production.
Neither oral nor text-based conversational AI (also known as conversational user experience [CUX] and conversational interfaces [CUI] the latter of which include chatbots) is by no means new, despite the relatively recent prolific uptake by procurement solution vendors. CUIs and CUXs were hot topics 10 years ago due to the popularization of Siri (Apple), Cortana (Microsoft), Alexa (Amazon), Google Assistant and Facebook’s M.
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.
This Spend Matters Vendor Analysis Update provides an overview of Pactum and its solution for long-tail negotiations. Once a Spend Matters Future 5, Pactum has continued to grow in recent years to make negotiation autonomous for large organizations. It focuses on reaching win-win deals autonomously via its AI system that, without procurement involvement, can negotiate with human supply-side representatives.
Respondents expressed optimism in the economy, and more than 50% say they’ve seen a “greater focus and understanding of supply chains” from those in the C-Suite.
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.
Warehouse labeling can seem like a tedious aspect of inventory control, but it can have a huge impact on your warehouse operations. It’s the difference between hunting for an item and wondering if it’s even the right product when you do find it, or knowing you have the right item in hand within seconds. This is what separates your business from frustrating delays and agitating customers to timely deliveries and raving reviews–and is what the right labeling setup can help facilitate S
The British Retail Consortium said that it had noticed a “temporary disruption” to some black tea lines, while an industry source suggested that some flavored lines had been delayed.
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.
2024 is coming at us fast and the supply chain is front-and-center when it comes to geopolitical tensions and wars plaguing the globe. Just this week, retail brands called for safe travel on the Red Sea amidst growing rates and delays and regional fighting that has cost over $80B in inventory. Yes, don’t forget the pirates. Just as piracy has eased up on other shores along Somalia, it’s on the rise again there and elsewhere.
Military ships in the region have been attempting to thwart missile strikes on merchant vessels over the past few weeks, but the Houthis have continued their attacks.
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
In today’s digital age, jokes are often made at technology’s expense. I have multiple calls each week where someone apologizes. The post Killer App: The UK Post Office Scandal appeared first on Art of Procurement.
GM Eyes More EV Investment in Quebec We’ve been covering extensively how Canada has been actively attracting investment in the surging EV production industry. GM is the latest automaker to invest $600M to build a battery factory in the province of Quebec and says it’s only the “tip of the iceberg” Lessons from the Pandemic Supply Chain Chaos The last couple of years has been a rollercoaster for supply chains around the world, here’s some lessons learned from the cha
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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