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Global trade is complex, and supply chains are intertwined and interconnected. This has boosted growth but also created vulnerabilities, with tariff volatility being a major concern. Recent changes by the US government have made things even more challenging. Supply chain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supply chains.
Temu, one of the fastest-growing online marketplaces in recent years, captures more than 292 million hearts monthly since its launch in the U.S. in 2022.
In late 1998, with funding from the Government of Canada’s Scientific Research & Experimental Development (SR&ED) program, I converted my “strand commonality” theory into one of the industry’s first web-based procurement platforms. Utilizing an agent-based model, RAM leveraged self-learning advanced algorithms within a nascent AI framework architecture to enable the Department of National Defence to select the right supplier 97.3% of the time. “The concept o
Data is the starting point because you have to understand the current state of your organization before finding opportunities. For example, you may want to consolidate your supplier list; to do so effectively, you must fully understand the lists current state. If the same company is listed as ten separate accounts due to spelling mistakes, additions like Inc. or disparate addresses, you cannot effectively consolidate.
“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.
Automating AP and AR have several Key Benefits, and manually managing them used to work fine until it didnt. As companies grow and need to move faster and stay secure , automation goes from being a nice-to-have to an absolute must. When you pair it with tools like BPM, BPA, and RPA, the benefits go far beyond just saving time were talking fewer mistakes, smoother cash flow, and lower costs.
EDITOR’S NOTE: The following is a reprint of the March 25th, 2015 article The Impact Of An M&A On The Procurement Department This morning I read a post by Roz Usheroff regarding the just announced merger between Kraft and Heinz, and how an employee can both survive and thrive when an M&A occurs. Overall it was a great post, which provided practical insights and tips on what an employee should do when their company has either acquired or been acquired by another firm.
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EDITOR’S NOTE: The following is a reprint of the March 25th, 2015 article The Impact Of An M&A On The Procurement Department This morning I read a post by Roz Usheroff regarding the just announced merger between Kraft and Heinz, and how an employee can both survive and thrive when an M&A occurs. Overall it was a great post, which provided practical insights and tips on what an employee should do when their company has either acquired or been acquired by another firm.
In the Hackett Groups Enterprise Key Issues Study , 89% of executives across business functions said their organizations are advancing GenAI initiatives, up from 16% in the prior year. A July 2024 Gartner survey also found that 72% of procurement leaders are focusing on incorporating generative AI, anticipating a shift towards strategic decision-making and innovation.
Artificial Intelligence has come a long way in a short time, and AI Agentsthose clever, self-operating systems are right at the heart of this transformation. Whether you’re a scrappy startup or a global enterprise, chances are you’ve already seen these agents popping up in customer service, data analysis, workflow automation, and more. But lets look ahead: Where are these intelligent systems headed?
It is sheer brilliance. As an advocate of the Agent-based development and implementation model, I find the connection between ORO Labs, ProcureTech 100, DPW, and Deloitte to reveal the early stages of an industry monopoly. Again, it is sheer brilliance! The Triad Connection Unified Purpose: All three entities drive digital procurement forwardProcureTech 100 by identifying pioneers, ORO Labs by delivering innovative solutions (and now owning ProcureTech 100), and DPW by connecting these players w
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
Finance teams manage a continuous flow of sensitive information: from purchase orders and approval workflows to invoices and financial data. With growing pressure to move faster and stay connected across systems, data security cant be overlooked. Thats where SOC 2 compliance comes in. SOC 2 (System and Organization Controls 2) is a framework that sets the standard for how SaaS providers handle sensitive data.
AI isnt just a futuristic buzzword anymoreits actively reshaping how B2B companies serve and support their customers. Businesses that weave artificial intelligence into their service frameworks are seeing faster turnaround times, reduced overhead, and a smoother customer journey overall. But lets be honestits not all plug-and-play. Getting it right comes with a few bumps in the road.
EDITOR’S NOTE: The following is based on the 4-Model Agent-based assessment tool that leverages the RAM 1998 to 2025 framework architecture. MODEL #1 Ranking the ProcureTech conferencesDigital Procurement World (DPW), ISM Annual Conference, Procurement Leaders (World Procurement Congress), SIG (Global Executive Summit), and Supply Chain Canada National Conferencebased on their focus on procurement and supply chain practices requires evaluating how deeply each event emphasizes actionable pr
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.
A good negotiator needs not just a repertoire of strategies, tactics and techniques but also the experience to know when and how to deploy them. One such strategy, the concession strategy, lies at the heart of every negotiation as it determines how we should manage the way the negotiation plays out. Yet the concept and reality of actually putting it into practice seems to be something that is difficult to grasp.
Leader in procurement technology expands its team appointing Pascal dArc as new Chief Strategy Officer RESEARCH TRIANGLE, NC, April 3rd, 2025 JAGGAER, a global leader in Source-to-Pay and Supplier Collaboration, today announces the appointment of Pascal dArc to Chief Strategy Officer. Pascal is an innovator and pioneer in the procurement industry. He is based in the UK and will join the Executive Leadership Team at a key inflection point in the procurement and supply chain space.
Packages originating from rural areas are at risk of slower shipping speeds, but the agency says the changes will speed up other deliveries and spur cost savings.
MODEL #1 DPW (Digital Procurement World) is widely recognized as one of the most influential platforms in the digital procurement space. It hosts global events, supports startup innovation, and provides thought leadership to procurement professionals seeking digital transformation. Like any ecosystem, it has both positive and critical aspects , depending on your perspective whether you’re a startup, enterprise buyer, vendor, or procurement leader.
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.
I’ve been producing content on procuretech for 5 years. It’s official! I launched the first episode of The Procuretech Podcast on 25th March 2020. (We later rebranded to The Procurement Software Podcast to match our software directory.) When I look back at some of my early guests, a few of them back then were pretty small startups that have gone on to do bigger things.
EDITOR’S NOTE: Chevron was IN NO WAY involved with the following assessment, although I think they will find it to be an interesting read because it leverages their known capabilities and aligns them with my prior research and discussions on procurement efficiency, Shared Services, and Hansens RAM principles. Each providers benefits – which I am certain are a combination of ProcureTech providers they haven’t considered- are calibrated to Chevrons scale ($10B-$15B annual procure
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.
Did you miss Ardent Partners’ recent webinar, Procurement 2025: BIG Trends and Predictions, that delivered a series of insightful predictions designed to help procurement teams in all industries and regions… The post Part Two: Procurement BIG Trends & Predictions AI-Driven Future Amidst Economic Uncertainty appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
As operating landscapes become increasingly turbulent, companies in every region are reviewing their supply chain strategies for navigating uncertainty and sudden change.
The company also decided to delay its MD-11 aircraft retirement timeline to fiscal year 2032 due to positive international freight market growth projections.
“In my fall 2004 analyses of a study on the use of web-based applications, I made the following observation: It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes of all transactional stakeholders, starting at the local or regional level.
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
As procurement leaders gear up for the year ahead, the equipment hire industry is experiencing rapid growth, and with it, significant challenges. While businesses in the industry are winning contracts, their procurement teams are working hard to secure the goods that customers expect. The root cause is a limit in ready supply. And behind this supply issue lies procurements complex relationship with suppliers.
Further analysis revealed that the rates weren't related to foreign tariffs at all, and instead targeted the United States' most prominent trade deficits.
Shareholder Green Century Capital Management wants the automaker to regularly disclose its strategies for meeting low-carbon steel benchmarks, among others.
Synopsis: 10 Essential Skills for Freelance Procurement Contract Managers in 2025 Contract Drafting &… The post 10 Essential Skills for Freelance Procurement Contract Managers in 2025 first appeared on Procurement Blog | Procurement & Supply Chain News.
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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