This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Unless you’ve been living underneath a rock, you’re aware that our world has been hit with a few years of unprecedented challenges – from a global pandemic to supply chain…
How did you get into procurement? Like most people, I fell into procurement. I worked for a private international university in London, it was my first job after graduating from the University of Nottingham and I was responsible for looking after the course directory. I would order a lot of books and course materials for the students and that is actually what sparked my interest.
You probably write emails all day without giving them a second thought. However, when it comes to sending an RFP invitation email to vendors, it can be intimidating. After all, you need vendors to read your email, check out the request for proposal and then submit a proposal. Ideally, you’ll receive more than three [.]. The post How to write an RFP invitation email to vendors appeared first on RFP360.
• Managing product categories is a critical challenge for procurement professionals. Some of the problems experienced in category management include plenty of work, lack of time, dynamic changes, competitive markets, and technical dependencies. • Whether it’s a strategic issue or an alignment problem, category management is a challenging endeavor. • Just as lean management optimizes […].
“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.
Tesla vehicle deliveries plummet after disruption in China Due to the lockdowns in China which caused one of Tesla’s key factories to shut down, the company’s delivery figures have declined…
1. the appearance of a ghost or secondary image on a television or other display screen. “the display is sharper and less prone to ghosting” 2. the practice of ending a personal relationship with someone by suddenly and without explanation withdrawing from all communication. Don’t ghost…. Whether you’re a candidate, hiring manager, or recruiter… don’t ghost people.
As we appear to be emerging from our worst healthcare crisis in a century, many experts have assumed that people would eagerly return to work. But that is simply not happening. .
Sign up to get articles personalized to your interests!
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
As we appear to be emerging from our worst healthcare crisis in a century, many experts have assumed that people would eagerly return to work. But that is simply not happening. .
• Lean procurement or lean purchase is seen as a principle in the procurement of achieving more with less. Lean procurement seeks to acquire the least number of inputs to achieve the desired outcomes or results. • In lean procurement, procurement teams may reduce inventories, look for ways to cut supply costs, or reduce the […]. The post What Is Lean Procurement or Lean Purchasing?
Commenting on the news, Dan Goodson, Head of Practice – Industrial, said, “In terms of procurement and supply chain recruitment, the industrial space has been incredibly busy – notably since the widespread return to office-based work. “With engineering playing a key role in the economy, it’s no surprise that APSCO’s data is showing a raise in vacancies – but it is really positive to see that there has also been a rise in applications within this space.
A Washington-based think tank has launched an initiative to encourage widespread adoption of standardized data-sharing in the freight sector in order to boost sustainability.
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
Procurement in 5-Minutes. Welcome to Procurement In 5-Minutes, and no, don’t adjust your volume or click a button to find out what is going on – this is not your usual host Iain Campbell-McKenna. In this unique 3-Question Special, Ian moves out from behind the host mic to become the interviewee to answer 3 questions regarding: “What is talent in the digital age?
• A year ago, a gallon of gas in the United States set you back around $3. Today, the same gallon costs $5. The long and short is that inflation and supply chain shortages are rearing their ugly head and making its effects felt far and wide. • For businesses, the consequences are manifesting themselves […]. The post In the Face of Inflation, and Supply Chain Shortages, How Can Businesses Cut Corporate Travel Costs and Spend Less?
If you tried to replicate all of the supplier evaluation activity on the platform that happens in a single month, it would take you 7.5 years — without sleeping. The industry's most trusted sourcing platform at Thomasnet.com hosts more than 500,000 North American suppliers and brings millions of buyers each month. In fact, every second, a supplier is evaluated by a buyer on the platform.
A U.S. Supreme Court decision that could force California’s 70,000 truck owner-operators to stop driving is set to create another choke point in already-stressed West Coast logistics networks.
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.
Benefits of a Group Purchasing Organization. A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. Savings and beyond. A group purchasing organization leverages the collective purchasing power of thousands of businesses to secure lower prices for their members. GPOs also bring balance to the negotiating equation because they already have relationships and contracts in place with vendors and suppliers.
Let's take a step back for a moment to days of the 1990's-2000's tech boom and consider a company so far ahead of its time that it was doomed to fail. WebVan was a California tech startup that promised at-home grocery delivery services for a relatively low price, eventually going bankrupt in 2001 as the bubble began popping. Now, 21 years later — their legacy lives on as companies of all sizes and kinds are vying to get their share of the grocery home delivery market.
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.
Episode 72: Making an Impact Through Mission-Connected Procurement with Iris Cooper. By Kelly Barner | July 6, 2022. How each leader sees procurement has a directional impact on what the team is able to achieve for their larger organization and the community they serve. Savings is often described as ‘table stakes’ for procurement, but even those savings are not just dollars and cents.
“Digitalization” and “Digital Transformation” are already focus topics on corporate strategic agendas for a while. A lot of investment happened, vast amounts of money and energy have been spent here. Not always with success. Recent studies from BCG, BAIN, Mc Kinsey and others on success rates of digital transformations state that only 30% or even less of transformations succeed in achieving their objectives.
Written by: Stella Inabo. Purchasing and procurement problems can be costly. Unregulated purchasing activities cost businesses 10-30 percent of targeted savings. These numbers are the stuff of nightmares so most businesses try to avoid these purchasing problems. . However, mistakes happen. An employee might make a duplicate order, inventory might arrive damaged, and suppliers might miss deadlines.
An indicator of U.S. supply chain pressure fell to the lowest level in two years, as a sharp drop in transportation costs underscores the slowdown in the nation’s economy heading into the second half of the year.
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.
How GPOs Can Help Ensure Business Continuity and Protect Against Inflation. By Mackenzie Oakley | July 5, 2022. It’s no secret that businesses across the country are experiencing rising costs over the last several months. Companies are paying higher prices on everything from energy and fuel to shipping, labor, food, and more. Coupled with ongoing supply chain disruptions, organizations are needing to find solutions to these challenges to ensure their businesses remain up and running and wi
Most of us want to be at the top of our game and do all we can to excel in our chosen fields. For procurement professionals, getting certified is a common subject when discussing success and moving up the ladder. But are procurement industry certifications must-haves? And what are some of the most common ones out there? We outline some of these niche certifications so that you can better decide which one—if any—is right for you.
Procurement 6 is a new short podcast from Art of Procurement that will be published in the Art of Procurement. The post [Pod] Procurement 6 – July 8th, 2022 appeared first on Art of Procurement.
Rattled by the most recent wave of strict Covid lockdowns in China, the long-time manufacturing hub of choice for multinationals, CEOs have been highlighting plans to relocate production.
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 efficient supply chain management system is a necessity to the majority of organizations. It can result in competitive advantage as it helps to provide precise information to suppliers allowing them to maintain a continuous flow of products to customers. However, throughout the supply chain key factors such as time, demand for the supply, lack of communication and disorganization can result in one of the most common problems in supply chain management: the bullwhip effect (or sometimes referr
Every procurement team relies on SaaS, but before implementing and finding the best procurement SaaS solutions, they must first understand the different parts of SaaS. Our rundown of procurement SaaS solutions and basic tech sourcing definitions will help you improve your SaaS process.
Order picking has a critical role to play in your warehouse operations. It impacts your efficiency, accuracy and customer satisfaction, and you can accelerate your business by finding the right method. With order picking being so crucial to your success, you may wonder which approach will work best for your warehouse. Let’s talk more about some popular warehouse order picking methods and how they can benefit your business.
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.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content