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Nowadays, no one could deny that, businesses today expect procurement teams to drive value beyond cost savings. As a consequence, procurement leaders are constantly looking for ways in order to enhance their procurement process and make it more sustainable. However, they don’t want to form any decisions without the proper data. And so, they track an array of metrics such as KPIs.
The 3-way matching is the process of matching the purchase order, goods received, and invoice to validate the purchase details before issuing a payment. By matching these documents, three-way matching provides an efficient way for businesses to confirm and verify payment details before issuing payments to vendors and suppliers. Three-way matching emerged due to increasing […].
“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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 4 Ways Packaging Optimization Can Improve Business Processes! Designed décor items article and permission to publish here provided by Elise Parker. We spend a lot of time and money on home décor. Home décor items don’t only make your home beautiful, but they’re also pleasing to the eyes.
Audits prove to be a heavy lift for many companies. Time is retracted from core operations due to suppliers juggling the task of repeatedly participating in them, which is a dragged-out process for all involved. Not to mention the cost. For companies, audits can be expensive, especially if they are your primary mechanism for understanding supplier business practices.
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Audits prove to be a heavy lift for many companies. Time is retracted from core operations due to suppliers juggling the task of repeatedly participating in them, which is a dragged-out process for all involved. Not to mention the cost. For companies, audits can be expensive, especially if they are your primary mechanism for understanding supplier business practices.
For a long time, businesses and organizations have depended on manual AP systems to process their invoices. However, with evolving business dynamics and with changing priorities, there’s a pressing need for enterprises to adopt invoice automation. If you’re still dependent on a manual system to process your vendor invoice, not only is your system obsolete, […].
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. ECommerce SEO : How Online Stores Can Drive Organic Traffic! Boost your E-Commerce business article and permission to publish here provided by Zaklina at Click Intelligence. As more e-commerce businesses are established, the drive to be competitive and customer-oriented remains at the forefront of the e-commerce industry’s blueprint for success.
According to Gartner’s Future of Supply Chain: Crisis Shapes the Profession report, 77% of companies say that they’re investing in deeper and more collaborative supplier relationships to build resilience. Since COVID-19, we’ve seen that companies want to partner with responsive, responsible suppliers who share their goals—especially relating to ESG.
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
Are you wondering what electronic invoicing (e-invoicing) is and how it can help your business? Keep reading, you’re in the right place. Electronic invoicing is one of the latest digital processes taking the procurement industry by storm. It’s an excellent way for sellers to invoice buyers without the additional hassles involved in manual invoicing.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement’s North Star article and permission to publish here provided by Sam Jenks. What exactly are you and your procurement team working towards? I don’t mean current contracts, products, projects, or initiatives. When asking, “What are you working towards”, I mean the big picture.
Boris Johnson’s reluctance to turn to the European Union to ease a supply chain crisis that has seen shelves in supermarkets run empty has highlighted his government’s priority: Brexit first.
Audits prove to be a heavy lift for many companies. Time is retracted from core operations due to suppliers juggling the task of repeatedly participating in them, which is a dragged-out process for all involved. Not to mention the cost. For companies, audits can be expensive, especially if they are your primary mechanism for understanding supplier business practices.
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.
Many people have relocated over the last year, as closed offices and increased remote working options enable more flexible living arrangements. With a shift of population to new places, particularly from large urban city centers to other suburban areas, retailers may be struggling to position their inventory based on historical data trends. For instance, an area that previously may not have performed well, may be over-indexing simply because more people have moved to the area during the pandemic
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Augmented Reality (AR) is the Future of Supply Chain! Gaming industry article and permission to publish here provided by Hannah George. Technology is seeping into every aspect of the world and online gaming is no stranger to it. Have you noticed a sudden increase in user levels in the gaming industry?
Marc Gilbert, managing director of the Industrial Goods and Consumer Practices of Boston Consulting Group, reveals the findings of the firm’s latest report on global trade growth, and discusses the factors that will shape the future of trade.
The need for supplier engagement has never been greater — an engaged supply chain drives impact and lays the foundation for businesses to collaborate with suppliers to address our most pressing sustainability issues. Yet today, supplier engagement efforts have been lacking. On September 2nd, we were joined by leaders from Anthesis Group , Anheuser-Busch InBev , and SCS Consulting Services to explore the “whys” and “hows” of supplier engagement, and discuss the challenges businesses are facing i
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.
We're BACK! We kick off series 2 of The Procuretech Podcast with with a mini-series examining three different Supplier Relationship Management platforms. The first one we're taking a closer look at is Danish startup LeanLinking, and my guest on this week's show is their CEO, Lars Kuch Pedersen. Why supplier performance data can't just be measured in hard KPIs.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Why Cyber Security is Important! Make your website visible article and permission to publish here provided by Ken Smith. Now, with the increasing competition in markets. Expanding and increasing the reach of your business has become an essential aspect of harnessing good results from it.
The need for supplier engagement has never been greater — an engaged supply chain drives impact and lays the foundation for businesses to collaborate with suppliers to address our most pressing sustainability issues. Yet today, supplier engagement efforts have been lacking. . On September 2nd, we were joined by leaders from Anthesis Group , Anheuser-Busch InBev , and SCS Consulting Services to explore the “whys” and “hows” of supplier engagement, and discuss the challenges businesses are facing
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.
Agile teams from the perspective of a small group theory Agile transformation of many businesses is ongoing, while many more queue up for the inevitable change of their culture and working practices. The building block of an agile organization is the self-organized empowered team of responsible and motivated individuals with diverse skillsets. Just as it happens with many other aspects of Agile, it is easy to just throw a statement that teams must be independent, flexible, and accountable.
Just over 20% of U.S. Gulf of Mexico oil and natural gas production is back online after Hurricane Ida battered southeast Louisiana, marking an even slower comeback than in the wake of Katrina.
According to Gartner’s Future of Supply Chain: Crisis Shapes the Profession report, 77% of companies say that they’re investing in deeper and more collaborative supplier relationships to build resilience. Since COVID-19, we’ve seen that companies want to partner with responsive, responsible suppliers who share their goals—especially relating to ESG.
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
An Interview on Data sharing for Machine Learning and AI – Procurement Analytics with Dave Food. For this episode of the Supplier Experience Live podcast from HICX, we welcomed Dave Food. Dave is Strategy Director at Prophetic Technology and Principal Lecturer at WMG, University of Warwick. His expertise is wide-ranging, from supply chain logistics, procurement analytics, and marketing through to innovation.
Once while reviewing our all time favourite pizza making process, I chalked down the ingredients like flour, cheese, veggies and pepperoni, but the most important ingredient of all was patience in the process! Similarly, technology has become the chief ingredient across departments of an organization and is a vital parameter for an organization to build competitive advantage.
The International Chamber of Shipping, which represents more than 80% of the world’s merchant fleet, submitted a plan to the industry’s global regulator for a charge on carbon dioxide emitted by vessels.
We kick off Season 2 of the Procurement Rising Podcast Series with globally renowned CPO, Bill Cooper. Bill retired earlier this summer after an illustrious career in procurement where he was most recently the Associate Vice President and Chief Procurement Officer for the entire University of California system. In our discussion Bill reflects back on his decades long career in procurement.
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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