Procurement Templates
DECEMBER 11, 2024
It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Savings can be cashable or non cashable i.e. cost avoidance.
Procurement Insights
DECEMBER 11, 2024
EDITOR’S NOTE: I am under embargo regarding the advanced copy I received from ZIP with their Procurement Predictions for 2025. So, I thought I would make a little prognostication myself. for 2030. There is, however, a twist. I have gone through the Procurement Insights archive of 2,410 posts from 2007 to today to provide what I believe will be a unique context explaining the evolution of predictions over the past couple of decades.
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Spend Matters
DECEMBER 9, 2024
The results of the US elections forces us to focus on Donald Trumps stance on tariffs. During his campaign, Trump was explicit about his intention to increase tariffs, including significant hikes on certain categories of goods (a global baseline tariff of 10%-20% on all imported goods, up to 100% for goods from countries that seek to reduce their dependence on the US dollar, 100% tariffs or more on cars imported from Mexico, etc.).
Positive Purchasing
DECEMBER 11, 2024
Negotiations can often feel challenging, especially when external factors seem to diminish your leverage. However, with the right strategies, you can reclaim your negotiation power and achieve favourable terms. Here are 5 steps to help you navigate negotiations effectively and regain control. Negotiation dynamics can shift unexpectedly, making it difficult to secure desired outcomes.
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.
Jaggaer
DECEMBER 12, 2024
JAGGAER One 24.3 enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 version of its JAGGAER One platform. This latest release expands ten years of AI-enabled solution capabilities and enhancements that gives users the ability to work faster and easily leverage strategic insight
Barkers Procurement
DECEMBER 12, 2024
With NATO calling for more industrial production , CPOs in aerospace and defence (A&D) are under more pressure than ever to deliver. Meeting the call wont be easy. It will require careful planning across multiple areas, not the least of which is supplier relations. And this is where CPOs must take heed: while relationships with key suppliers are crucial, smaller businesses must not be neglected.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Procurement Insights
DECEMBER 12, 2024
Question: Why is the build versus buy debate a moot exercise? Answer: Why are practitioners ultimately responsible for the success of their ProcureTech initiative? EDITOR’S NOTE: While the following post references the utility industry, the same approach and mindset apply to any practitioner in any sector – private and public. I am inviting my first-level connections in the utility industry to watch this interview with James Carithers , Peak Utility Services Group ‘s COO.
Procurement Leaders
DECEMBER 9, 2024
A CPO session I attended recently that explored the challenging issue of diversity in procurement was sobering, occasionally disappointing and at times downright outrageous. Thankfully, the emotions I felt had nothing to do with the quality of the conversation rather the content. It provided a timely reminder of just how much work needs to be done to improve diversity, even before the headwinds that will come with a new Trump-led administration in the White House.
Positive Purchasing
DECEMBER 11, 2024
Procleus, Capella and Ruby Named Top Software Solutions For Mid-Market Business In the bustling landscape of procurement technology, our suite of digital platforms including Procleus, Capella and Ruby, have earned a prominent spot on ProcurementSoftware.site ‘s Procurement Tech Map for mid-market businesses. Thistech map focuses on companies with revenues between $50 million and $1 billion, helping to simplify a complex landscape of procurement technology solutions tailored specifically fo
Spend Matters
DECEMBER 11, 2024
Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures. To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supply chain resilience and sustain
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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
Procurement Talk with David Byrne
DECEMBER 12, 2024
Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary On this episode, Martin Smith interviews John Butcher, the Procurement Director at Just Eat Takeaway. John shares his journey of building a procurement team from scratch, the challenges he faced, and the importance of hiring the right talent. He discusses the evolving procurement … Continued The post Continuous learning and adaptation: Steps to success from Just Eat – Episode 105 appeared first on Talent Drive.
Let's Talk Supply Chain
DECEMBER 9, 2024
Today Im joined by supply chain software brand Manhattan Associates. Manhattan provide more than just supply chain solutions. Through advanced cloud-native technology, and a cutting-edge vision for supply chain unification, Manhattans team of experienced industry experts are dedicated to equipping their partners with the tools needed to navigate the supply chain commerce world effectively.
Procurement Insights
DECEMBER 9, 2024
Here is the link to yesterday’s post – Is Generative AI A Threat To ProcureTech SolutionProviders? If you haven’t yet read it, please do so. It provides essential context for today’s post. “The adoption of Generative AI (GenAI) in procurement is accelerating, with a significant number of ProcureTech solution providers promoting its benefits.” (Source: ChatGPT) In yesterday’s post, I assessed several ProcureTech solution providers.
CPO Rising
DECEMBER 11, 2024
Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders! Contact us with… The post Procurement News December 11, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Advertiser: GEP
“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.
All Things Supply Chain
DECEMBER 11, 2024
Resilience in supply chain management is essential for keeping businesses steady amid global disruptions like natural disasters, geopolitical shifts and economic shocks.
Procurement Freelancers
DECEMBER 11, 2024
For businesses seeking professional procurement expertise, a skilled purchasing agent can transform your supply chain… The post Strategic Negotiation Techniques Used by Elite Purchasing Agents first appeared on Procurement Blog | Procurement & Supply Chain News.
Procurement Insights
DECEMBER 11, 2024
Overview In an informal interview, Jon Hansen, an industry analyst, spoke with a Senior Executive from the Finance sector about the successful implementation of Focal Point as a configurable solution for his company, which has relied on Ivalua for over a decade. While he is not officially representing his company, the executive emphasized that he discussed the key challenges Focal Point aims to address, including improving visibility into ad hoc requests, enhancing renewal management, and enabli
CPO Rising
DECEMBER 9, 2024
While the year is not officially over until a few more weeks, we are getting closer to the holidays, and this will be the last Magnus Monday article for this… The post Magnus Mondays 2024: The Year in Review appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Speaker: Jason Cottrell and Gireesh Sahukar
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.
All Things Supply Chain
DECEMBER 9, 2024
Maritime shipping remains the backbone of global trade, with container ships transporting goods across the oceans every day.
Supply Chain Brain
DECEMBER 13, 2024
The GPSR updates existing rules to reflect the growth of online commerce, and aims to give better protections to consumers.
Procurement Insights
DECEMBER 10, 2024
I received the following email this morning from ZIP, and am glad they reached out. Hi Jon, Hope you are well. Reaching out because you recently covered Zip for Procurement Insights, so I wanted to give you a heads up that the company just released some compelling end-of-year metrics (total spend processed, # of suppliers managed, AI insights delivered) as well as an impressive list of new enterprise customers (HP, AMD, Pinterest, Affirm, and Toast, to name a few).
Jaggaer
DECEMBER 13, 2024
Understanding Procure-to-Pay (P2P) Strategies and Solutions Procure-to-pay (P2P) is a crucial process for organizations looking to streamline procurement, improve financial management, and enhance supplier relationships. We break down the entire P2P process, including steps, solutions, and related processes like source-to-pay and order-to-cash. Dive into these essential insights to gain a clear understanding of how P2P can optimize your procurement workflow.
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
Planergy
DECEMBER 13, 2024
The post Expense Receipts: What Are They and Why Tracking Proof of Purchase for Business Expenses Is Important appeared first on PLANERGY Software.
CPO Rising
DECEMBER 13, 2024
Did you miss Ardent Partners’ recent webinar,Cast a Wider Net: Leveraging Innovation to Expand Procurements Influence and Impact,that shed light on how procurement can deliver greater value by focusing on… The post Part Two: Expanding Procurement’s Influence Bridging Complexity with Orchestration appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Procurement Insights
DECEMBER 13, 2024
Hi Jon, Did you see that paper by GEP / CIPS? I didn’t read it, yet. Thank you for sending it; I hadn’t seen it. Interestingly, GEP has been following me and my posts on LinkedIn in increasing numbers and frequency lately. 1999 Revisited (Video) – Real Agents Leveraging AI GEP Autonomous Agentic AI Agents (High-Level Summary) GEP is set to revolutionize procurement and supply chain operations by introducing autonomous AI agents into the Source-to-Contract (S2C) and Procure-to-P
Jaggaer
DECEMBER 13, 2024
Order-to-Cash vs. Procure -to-Pay: A Comprehensive Overview While Procure-to-Pay (P2P) is widely recognized as a key process in managing organizational spend, its counterpart on the revenue side, Order-to-Cash (O2C), often raises the question s : whats the difference and how does it fit into the bigger picture? P rocure-to-pay ( P2P ), the downstream part of the end-to-end supplier management and procurement process, focuses on the expenditure side of the business.
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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.
ContractSafe
DECEMBER 12, 2024
Service agreements are the foundation of successful business relationships between companies and their service providers. These powerful contracts help bring clarity, protection and structure. Think of them as a road map that helps both parties understand their obligations and work together effectively toward shared objectives.
NLPA (Next Level Purchasing Association)
DECEMBER 11, 2024
If theres one thing weve learned in 2024, its that effective procurement strategies can make all the difference in a teams success. Whether its about navigating complex supplier relationships, managing costs, or preparing for unpredictable challenges, procurement leaders have shown that adaptability and innovation are key. As 2025 approaches, its time to look back at what worked well and how we can build on those successes for the year ahead.
Procurement Insights
DECEMBER 12, 2024
What’s Missing From The Following Slide? In Another Discussion Stream – A Possible Answer To The Above Question? JWH – There are some situations where a simple plug & play buy solution makes sense. There are also situations where a build-it-yourself solution strategy is more appropriate. However, a hybrid approach using an agent-based development and implementation model in which the practitioner takes the lead exponentially increases the likelihood of initiative success, r
Jaggaer
DECEMBER 13, 2024
Understanding P2P: The Core of Effective Procurement The procure -to-pay (P2P) process drives purchasing efficiency for organizations of all sizes, covering every stage from initial requisition to final payment. This end-to-end workflow , typically managed by procurement and finance teams, ensures compliance, efficiency, and transparency across transactions.
Advertiser: GEP
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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