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In today’s fast-paced business environment, efficiency is key. One area where organizations can significantly improve efficiency is the quote request process. Traditionally, this process has been manual, time-consuming, and prone to errors. However, with the advent of technology, businesses now have the opportunity to automate their quote request process.
In the realm of procurement, it is crucial for professionals to strategically generate substantial value during deal negotiations, especially when dealing with supplier agreements that encompass more than mere pricing considerations.
51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts → Or receive our famous weekly newsletter 10 ChatGPT Negotiation Prompts — Everything You Should Know ChatGPT can help negotiation professionals in a lot of ways, but how? In this article, we will discuss the role of ChatGPT in negotiation. Additionally, we will tell you some of the ChatGPT prompts that can help negotiation professionals in their field.
“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.
6 Reasons to Choose a Career in Procurement Six reasons why a career in procurement is a great professional choice and how it can provide you with a fulfilling and rewarding future. By Hugo Britt | June 1, 2023 Search Are you a recent graduate seeking a career path that combines strategic decision-making, problem-solving, and impactful negotiations ?
Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Launched by the Saudi government in 2016, the Saudi Vision 2030 Program is a sweeping reform initiative with the aim of diversifying the country’s economy and reducing its reliance on oil production.
The US and Taiwan announce new Trade deal The US and Taiwan signed a trade deal under the US-Taiwan Initiative on 21st Century Trade, marking the first agreement under this…
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The US and Taiwan announce new Trade deal The US and Taiwan signed a trade deal under the US-Taiwan Initiative on 21st Century Trade, marking the first agreement under this…
51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Vietnam Import and Export Statistics Vietnam’s import and export activities opened with a $58.49 billion turnover of goods in the first quarter of 2023. Vietnam’s central-to-market economy plan transformed the country from one of the poorest into a lower-middle-income country.
Does procurement really need a risk register? What are we going to put there? Let us try to answer those questions The post Procurement Risk register first appeared on ABC of Procurement.
Effective supplier management is crucial for businesses to maintain smooth operations in their supply chain and drive growth. However, the process of onboarding new suppliers, gathering their information, and managing supplier data can be time-consuming and prone to errors when done manually. This is where automated supplier relationship management software comes into play.
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
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. However, what are their roles in procurement? In this article, we will discuss what procurement managers do and their importance in procurement.
For Procurement Heads ‘ latest Big Interview, he spoke with Gemma Burman about his procurement career. How did you get into procurement? My background before I went into procurement was in stores management and stock control. I took a position with Balfour Beatty Rail Infrastructure and part of my remit was to set up new stores for them at their Beeston Depot.
In his book, An Inquiry into the Nature and Causes of the Wealth of Nations, Scottish Enlightenment thinker Adam Smith. The post The Laws of Supply and Demand Meat at Tyson Foods appeared first on Art of Procurement.
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.
Are you looking to enhance your chances of landing a supply chain role? As someone with extensive managerial and recruiting experience spanning over 15 years, I’ve had the opportunity to review a staggering number of resumes, totaling more than 200. Through this process, I’ve identified a recurring pattern of errors that often lead to these CVs being overlooked.
EPISODE 117 Title 42 Comes to an End with Kris Lance By Kelly Barner | May 31, 2023 On May 11th, Title 42 came to an end with the expiration of the Federally-declared public health emergency established in response to the COVID-19 pandemic. Title 42 allowed the border patrol to turn away migrants without allowing them to claim asylum, but carried no penalty for repeated attempts to cross the border illegally.
The tentative deal regarding the delivery giant's SurePost service is subject to ratification of the next national contract, which is still being negotiated.
Climate change is causing supply chain disruptions for several of the commodities that are used to make Doritos like corn, salt, sunflower oil and dairy.
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.
Finland Abundant with Clean Energy With the war in Ukraine affecting energy prices in Europe in recent times and many countries in Europe worried about an energy crisis and whether they could pay for heating and cooling, Finland has had a completely different experience: an abundance of clean energy. In fact, Finland had such an abundance of clean energy this past week, it caused clean energy prices into the negative (for just a short moment).
Categories: Procurement Systems & Architecture , Supplier Management Tags: PRO This Vendor Analysis is the first of two that cover Bedrock’s SxM offering. Bedrock is a technology company that offers procurement and accounts payable technology solutions and services. Bedrock is the new name of XPROfintech. The company’s rebranding at the end of 2022 is meant to reflect the company's growth and continued commitment to innovation.
Five ports in California and Washington experienced issues Friday as terminal jobs went unfilled. Stakeholders are warning ripple effects could be felt in the coming days.
Success in supply chain planning and operations solutions relies upon the ability to identify and document desired value measures and outcomes, and to align those with the solutions provider.
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.
The sourcing procedure, which is used to purchase products and services, includes finding and evaluating… The post Finding And Vetting The Right Suppliers With The Help Of Sourcing Agents first appeared on Procurement Blog | Procurement & Supply Chain News.
Categories: Accounts Payable , Procurement Strategy & Planning , Supplier Management Tags: PRO This Vendor Analysis is the second of two that cover Bedrock’s SxM offering. Bedrock is a technology company that offers procurement and accounts payable technology solutions and services. It offers two products: an SxM solution called Cornerstone and an AP solution called Keystone, which focuses on preventing duplicate and erroneous payments, recovering lost revenue and digitizing payment.
Rocky Mountain Chocolate Factory's planned measures include exiting now-unnecessary storage facilities and outsourcing its last mile fulfillment needs.
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
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Categories: Conferences Tags: Conference The procurement technology market can sometimes confuse developing better solutions for procurement with bettering the procurement function itself. CPOs need the right tools, obviously. But they must also understand how to use their tools, when to use their tools and why they need such tools in the first place.
In 2021, just one in five of the 2,000 largest publicly listed companies committed to net-zero policies for carbon emissions. A wake-up call is needed, and field service operations are on the front line to deliver it.
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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