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A certain amount of stress is normal in procurement, we are chasing deadlines, trouble shooting contracts, keeping stakeholders happy, therefore we need an avenue to release the stress and take steps time out to look after ourselves. The busier you are, the more it’s been recommended to take some time out to clear your mind. Sometimes, we don’t have the luxury of leaving our desks, and you can only take so many coffee breaks.
In the dynamic landscape of modern business operations, the Procure-to-Pay (P2P) process stands as a linchpin, connecting the various facets of supply chain management into a seamless and efficient workflow. P2P encapsulates a series of meticulously orchestrated steps that begin with the identification of a need for goods or services and culminate in the completion […] The post A Guide to Procure-to-Pay (P2P) Process appeared first on ProcurePort Blog.
Procurement is entering an exciting new era of embedded intelligence. Technologies such as generative artificial intelligence (AI) and machine learning make possible what was only dreamt of in years past — intelligent automation, predictive procurement and exponential data processing. As generative AI and other disruptive technologies continue to accelerate in 2024, embracing digital transformation in the procurement space will be imperative for success.
Although the global business community has been confronting modern slavery for years, it hasn’t been able to slow its rise. But there is an opportunity for that to change.
“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.
As we head into 2024, top 10 supply chain lists feature the usual suspects: technology, visibility, AI. But a focus on talent is needed to ensure the investments in these more high-profile areas provide value.
Have you seen the procurement jobs for Neom? Neom, a brainchild of Saudi Arabia’s visionary leadership, is an ambitious project aiming to forefront change in humanity’s future. With an estimated cost exceeding $500 billion, largely funded by Saudi Arabia’s government initiatives, Neom unfolds as a multifaceted initiative poised to revolutionize sectors globally.
As the year draws to a close, we can look back on all the progress women in supply chain made this year and the powerful gains ahead. 2023 marks the year women in supply chain returned to the post-pandemic workforce in full force. These advancements turned heads at the C-suite and executive level. 26% of all executives, including CSO, SVP, EVP, and CPO positions, are filled by women—an all-time high up almost 20% from a year prior.
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As the year draws to a close, we can look back on all the progress women in supply chain made this year and the powerful gains ahead. 2023 marks the year women in supply chain returned to the post-pandemic workforce in full force. These advancements turned heads at the C-suite and executive level. 26% of all executives, including CSO, SVP, EVP, and CPO positions, are filled by women—an all-time high up almost 20% from a year prior.
By adopting AI technology to analyze critical enterprise-wide contract data and gain insights into supplier practices, companies can identify red flags and deviations from compliance standards
In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. Notably, social commerce entails direct buying and selling on social media platforms. According to a recent report by Global Web Index, modern shoppers distribute their attention across multiple social platforms and are increasingly likely to purchase products on their mobile devices.
When you sometimes just want a physical sheet that you can scribble on and a nice planner to boot. Download and print Beige-Minimalist-Daily-Planner-procuremen-templates Download You might also like Team Meeting Agenda The post Daily Planner appeared first on Procurement Templates.
More than half of businesses have moved their enterprise software applications to the cloud, and 76% expect AI to play a key role in their supply chains by 2026 says a report from Loftware.
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
For the past few years, the topic of the microchip shortage dominated media headlines. Now, another shortage is creating obstacles on the path to equilibrium in the semiconductor supply chain: talent.
EDITOR’S NOTE: Yesterday’s post certainly started to stimulate some thought-provoking feedback from people like Dave Jones and R.Gökhan Hüner. The following are their respective comments and my corresponding response. Dave Jones, MCIPS (and Next Gen Rebel) Great post. Failure to involve end users in tech decisions and subsequent implementation is the main reason things fail.
Nearly 75% of companies plan to reduce their share of sourcing from China, with the U.S. and Mexico appearing to be the big winners according to an AlixPartners survey.
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.
Do you know these faces? You better, because these are the faces of procurement’s change in 2024. Over the Holiday break, I will profile each one, briefly explaining why they are on Procurement’s Most Wanted list. NOTE: They are definitely armed with new and dangerous ideas, so be prepared! Once A Rebel, Always A Rebel During my walk on the wild side, I “ aided and abetted ” one or two rebels over the years.
A new survey found that 87% of B2B leaders say a supply chain management system is the most important solution to offering a frictionless digital purchasing journey to customers.
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.
It’s important to stay vigilant during the busy season to ensure operations continue running smoothly and employees stay safe on and around material handling equipment.
Over the years, I have been asked many times how can I make my clients successful? My answer has always been the same – always try to choose successful clients. The inevitable follow-up question is, what is an example of a successful client? For that answer, let’s go back to a 2007 post in this blog titled “Yes, Virginia! There is more to e-procurement than software!
For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.
The Association for Supply Chain Management has introduced a new resiliency certificate that will train leaders on the concepts, practices and trends in building resilient supply chains.
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.
Toyota and Honda will each invest about $1.44 billion in the country, while Isuzu Motors and Mitsubishi will combine to invest the remaining $1.44 billion.
In a previous post, I talked about press releases – more specifically, their effectiveness in influencing prospect and new client decision-making. I then posted the following question on social media to solicit feedback from my 58,000 followers/connections: Here is a response I received on Twitter that echos the sentiments of almost every reply to my question on all mediums: David Loseby MCIOB Chtr’d FAPM FCMI FCIPS Chtr’d FRSA MIoD MICW Another industry thought leader expanded
For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.
In 2016 Telenet – Belgium’s second largest telco provider – found itself in a fast-changing Telecom world. Senior executives chartered a task force to embark on a six-month effort to review the changing landscape of how increased commoditization and digitization would impact how Telenet operated. This strategic review also included assessing core competencies and determining what areas to consider for more strategic outsourcing.
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
Just how much do procurement organizations stand to gain by investing in automation tools? To find out, Arkestro conducted a field trial across three different organizations with its predictive procurement tool to analyze how impactful intelligent procurement can be, and how much savings were possible. Corey Turoff, Director of Implementation at Arkestro, explains.
Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. We are highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.
Process Cycle Efficiency (PCE) is a popular metric organizations use to measure business process efficiency by identifying areas for improvement. Understanding how this metric works is key to enhancing productivity, reducing costs, and delivering higher-quality products and services to customers. In this article, we’ll explore the idea behind the PCE concept, how it is calculated, ways to improve it, and factors that influence the metric.
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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