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Uncertainty around federal and state policy changes poses a significant challenge for procurement leaders across all types of higher education institutions. Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements. One major concern is the possibility of reductions in public service funding, which could lead to cuts in state appropriations for higher education, putting
Another day, another tariff. This time, a 200% tax on French wine and Champagne is being threatened as a backlash against EU plans to impose significant levies on the importation of American whiskey. Its enough to give your average CPO a migraine and thats without drinking the focus of the tariffs themselves. Then there are taxes on the import of steel and aluminium to the US, adding to the web of draconian tariffs that have already been threatened and continue to land with alarming regularity.
Today Spend Matters is delighted to announce the release of its Spring 2025 SolutionMap and TechMatch procurement technology rankings, which include 106 procurement technology vendors. Known as the most data-centric functionality assessment of procurement technologies in the industry, SolutionMap Insider put these 106 procurement technology vendors through rigorous functionality and capability assessments via 500+ RFI requirements across 16 source-to-pay (S2P) categories, with mandatory demos an
EDITOR’S NOTE: Here is the link to my recent LinkedIn post. In today’s Procurement Insights post, I share a comment by Max Henry and my corresponding reply. This is the “real story” we all seem to overlook – procurement practitioners must take the lead on their organization’s digital transformation strategy. Until they do so, the generational failure rate of ProcureTech initiatives will continue.
“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.
Digital procurement tools offer both immediate benefits and long-term returns. While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins.
For decades, automation has been a driving force behind manufacturing efficiency, but nowhere is this transformation more evident than in Chinas electric vehicle (EV) industry.
Yesterday Spend Matters released its Spring 2025 SolutionMap and TechMatchSM procurement technology rankings of 106 solution providers across 16 source-to-pay (S2P) categories. Some of these providers achieved top scores in this data-backed functionality and capability assessment, and some come out on top for their customer scores. (Read our full assessment methodology here.
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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.
Yesterday Spend Matters released its Spring 2025 SolutionMap and TechMatchSM procurement technology rankings of 106 solution providers across 16 source-to-pay (S2P) categories. Some of these providers achieved top scores in this data-backed functionality and capability assessment, and some come out on top for their customer scores. (Read our full assessment methodology here.
Comparing Oracles acquisition of PeopleSoft and JD Edwards (finalized January 7, 2005) with ORO Labs acquisition of ProcureTech (announced March 18, 2025, tied to the ProcureTech 100 ecosystem) reveals several parallels in strategy, market dynamics, and implications, despite differences in scale, era, and industry segment. Both acquisitions reflect ambitious moves to consolidate and enhance competitive positioning within their respective domainsenterprise software for Oracle, procurement technol
The shipping industry is at a turning point. With new regulations, groundbreaking fuel technologies, and ambitious decarbonization targets, the need for collaboration and innovation has never been greater.
This Spend Matters Vendor Analysis provides an overview of Intellyse and its solution for logistics and contract negotiation. Many organizations struggle to find the time and resources needed to thoroughly analyze the contract offers they receive. Contracts often come in various formats, each with its own set of complex stipulations. In logistics, companies are often responsible for processing hundreds, or even thousands, of payments daily to keep operations running smoothly.
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
I am completing a research project that examines the two endpoints of the ProcureTech initiative spectrum: hope (hype) and abandonment (initiative failure) to determine the gap between them. Using a 24-model AI framework within the context of the 1998 to 2025 RAM assessment model, I wanted to answer the question: What is the rate of ProcureTech investment ROI from years 1 to 10 in all industries for Indirect Procurement categories and On average, how long does it take a company to give up on a f
The maritime supply chain forms the backbone of U.S. trade, serving as a necessary conduit for the movement of raw materials, agricultural goods and manufactured products across the globe.
Today Spend Matters is delighted to announce the release of its Spring 2025 SolutionMap and TechMatch procurement technology rankings, which include 106 procurement technology vendors. Known as the most data-centric functionality assessment of procurement technologies in the industry, SolutionMap Insider put these 106 procurement technology vendors through rigorous functionality and capability assessments via 500+ RFI requirements across 16 source-to-pay (S2P) categories, with mandatory demos an
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.
RESEARCH TRIANGLE, NC, March 20, 2025 Rittal, one of the world’s leading system providers of electrical enclosures, power distribution, climate control, IT infrastructure, software and services, has confirmed JAGGAER for its procurement processes. From sourcing and contract management to order management, supplier relationship and complaint management, JAGGAER’s solutions support Rittal in optimizing its procurement processes.
Despite my 40-plus years in high-tech and procurement, I am always curious, so I value the insights I gain from the people in my extended community. Today’s post is inspired by a comment from Herv Legenvre in one of my most recent LinkedIn posts. How does a procurement professional use or interact with Model Context Protocol, and what improved outcomes does it achieve?
What's PLANERGY? Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY.
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.
Cost savings and climate action. Two themes that at first glance dont sit very well together. And the challenge for us all as a global community is huge. Despite all the investment in renewables, more than 80 percent of energy consumption is attributable to fossil fuels. And it is those of us in the richer countries (i.e., highest per capita income) that are responsible for the highest carbon emissions per capita: In the USA 13.8 metric tons per person and in the European Union 5.66 metric tons
What is the “SOA Hangover?” My posts and related discussion streams do not aim to achieve consensus. When we all gain new insights, it creates a much-needed perspective and checks and balances to avoid tunnel vision. In essence, it simplifies and zeros in on the core objective – for procurement, that means addressing the high generational failure rate of ProcureTech initiatives.
From price increase warnings to confidence that vendor relationships will help ride out the storm, here's how the retail C-suite plans to weather tariffs.
The adoption of AI-based solutions is a recurring trend in the corporate world. With their powerful analytics and automation capabilities, they not only generate valuable insights but also significantly reduce the time spent on operational tasks. The rise of AI Agents in sales is revolutionizing customer interactions and sales management, taking efficiency to the next level.
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.
A Letter from CEO Andy Hovancik Our JAGGAER commitment has never been stronger and we are devoting our resources to driving innovation and product excellence by increasing investments in cutting-edge technologies, research, and development. With a focus on artificial intelligence (GenAI, Agentic AI), financial time-to-value, and sustainability, we continue to redefine industry standards and provide world-class solutions and services to our customers.
I received an email a few moments ago with the headline – NEWS: Beroe Acquires nnamu to Turbocharge Procurement Negotiations with Game Theory and AI. Before this news, I had never heard of nnamu – have you? However, I am very familiar with a ProcureTech solution provider named ProPurchaser, which also, as I see it, “turbocharges” negotiations.
Companies should focus on smart sourcing and responsible manufacturing in response to fluctuating tariffs, per Stephen Lamar, president and CEO of the American Apparel and Footwear Association.
If generative artificial intelligences, like ChatGPT, are already widely used tools by common users and professionals, AI Agents have arrived to provide a big upgrade, especially in the corporate environment. But what are AI Agents, and how do they boost productivity and reduce costs in companies? That’s what we are about to find out below: What are AI Agents and how do they work?
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
Press Releases / Arkestro Welcomes Two New Executive Advisors To Support Ongoing Growth Arkestro Welcomes Two New Executive Advisors To Support Ongoing Growth Leading predictive procurement platform expands Executive Advisor Board to shape the company’s strategic direction SAN FRANCISCO, CA, March 20, 2025 Arkestro , the premier Predictive Procurement Platform accelerating enterprise spend transformation, announces two newly appointed industry leaders to its Executive Advisory Board.
Here are a few comments shared on Pierre Mitchell’s LinkedIn post regarding ORO’s acquisition of ProcureTech 100: Hey Pierre! This looks like a straightforward acqui-hireORO clearly saw value in Lance and his team to open doors. The independence of ProcureTech 100 and SOURCE is gone, so that chapter seems to have closed with this move. Our team deleted our profile from the procuretech/SOURCE portal today.
What's PLANERGY? Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY.
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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