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Procurement focuses either at their internal stakeholders or suppliers. But what are the forces that impact the economy, and market? There is a tool for it. The post Porter’s five forces – practical use first appeared on ABC of Procurement.
In today’s manufacturing world, the competition is tough. Companies are constantly seeking innovative ways to reduce costs, increase efficiency, and streamline operations. One often overlooked but highly impactful area for optimization is the procurement process. By incorporating Request for Quote (RFQ) software, manufacturing companies can realize significant cost savings.
In the book “Good to Great,” Jim Collins wrote about the flywheel effect, a prosperous cycle of work and adjustment. The post Dodging the Urban Doom Loop appeared first on Art of Procurement.
Evaluate Needs & Usability: Understand auction specifics and prioritize an intuitive, mobile-responsive platform. Prioritize Features & Security: Opt for software with essential tools like dynamic bidding and ensure robust data protection. Reverse auctions, a procurement strategy where suppliers compete to win business by lowering their prices, have become increasingly popular with Procurement Teams for saving […] The post Expert Advice – Selecting the Right Reverse Auction S
“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.
Shell to Shelve Plan to Shrink Its Carbon Footprint Shell Plc’s Chief Executive Officer, Wael Sawan, has terminated the company’s ambitious carbon offsets program, a plan to develop environmental projects…
Procurement professionals and IT leaders tasked with managing software procurement today can often only focus on the top 20% of vendors. Why? It’s a convergence of three main factors: lack of data, limited resources and inefficient tooling. SaaS and vendor management has become increasingly complex Procurement and IT are being inundated with software access, vendor intake and renewal requests.
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Procurement professionals and IT leaders tasked with managing software procurement today can often only focus on the top 20% of vendors. Why? It’s a convergence of three main factors: lack of data, limited resources and inefficient tooling. SaaS and vendor management has become increasingly complex Procurement and IT are being inundated with software access, vendor intake and renewal requests.
In today’s hyper-connected business landscape, managing suppliers effectively has never been more crucial. With increased globalization and businesses relying on a vast network of suppliers for their products and services, the efficiency of supplier relationships can make or break a company’s success. This is where Supplier Management Software (SMS) comes into play.
Continuing our series of analyst observations on procurement tech market movements, this week we are considering the development of dark web monitoring as a tool in cyber supply chain risk management. “During a recent product demo,” Meena Ibrahim, Spend Matters Research Analyst, recalls, “a supplier intelligence provider mentioned its partnership with a platform that uses the dark web to uncover supply chain risk.
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
Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. But we also endeavor to grow our understanding of the wants and needs of the customers using that tech – the practitioners.
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.
In the simplest sense, a cybersecurity threat, or cyberthreat, is an indication that a hacker or malicious actor is attempting to gain unauthorized access to a network for the purpose of launching a cyberattack. Cyberthreats can range from the obvious, such as an email from a foreign potentate offering a small fortune if you’ll just provide your bank account number, to the deviously stealthy, such as a line of malicious code that sneaks past cyberdefenses and lives on the network for month
In this Spend Matters Vendor Analysis Update, we give an updated overview of Zivio, a solution that helps organizations (buying organizations and MSPs) manage sourcing for complex services categories, such as legal, marketing or facilities management. Since we covered Zivio in 2020, Zivio has enhanced its core capabilities and introduced new features.
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.
With the work environment transforming, a growing proportion of people are considering freelancing as a… The post Navigating the Challenges of Freelance Buyers: Tips and Tricks first appeared on Procurement Blog | Procurement & Supply Chain News.
Healthy, modernized seaports are essential for the profitability of businesses and investors everywhere. Our new white paper answers these questions and details the areas of seaports where investments will bring the biggest payback.
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.
Chipmaker, Arm files for IPO Arm, the British chipmaker owned by Japan’s Softbank, saw Nvidia hit $13.5 billion in revenue in the most recent quarterly earnings report and though, “Hey, I want some of that too!” As the British chipmaker pivots to an AI-led strategy, they have filed for an IPO in New York instead of the UK. Big Oil Investing in Carbon Management As the world begins to move to electric for vehicles and transportation and the focus shifts to cleaner energy sources
The world of business has entered a new era of due diligence. In this new era, the traditional approach taken by most companies is no longer sufficient to effectively identify and manage risks.
As Hurricane Idalia made landfall on Wednesday morning along the Florida coast, the need for logistics and supply chain support following the storm will be great. ALAN’s executive director offers advice on how to get involved.
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
This paper offers comprehensive strategies to ensure enduring shipping operations, such as leveraging advanced technology to optimize logistics and using data to identify trends.
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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