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
Effective inventory management can be an invaluable asset for any organization. With the right management system, a business can improve inventory visibility, optimize its supply chain and navigate shortages.
• Sourcing is the process of finding the most suitable suppliers of goods and services to a company. When sourcing, a business has to consider the following constraints: cost, profit margins, and competitiveness. • The right supplier must offer a good enough price so that the acquiring business can make a profit margin by trading […]. The post What is Sourcing Process in Procurement – A Complete Guide to Sourcing Processes [2022] appeared first on ProcurePort Blog.
Soaring customer demand has created unique challenges for procurement managers. By developing effective inventory management techniques, procurement professionals can tackle the issues from several unique angles.
“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.
• Effective contract administration and vendor management are not easy to achieve, especially when an organization is dealing with multiple vendors. • There are multiple contracts to be agreed upon, monitored, reviewed, and renegotiated each year. • When done well, contract administration can create win-win situations for a business and its vendors.
As part of Ivalua’s journey to bridge the gap between Finance and Procurement, Ivalua has partnered with TransferMate to reduce the financial friction within cross-border trade. But why is this so important for business, and what does it mean for prospects and customers? This blog will answer these questions plus a few more. How important is this partnership to both Ivalua & TransferMate?
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 part of Ivalua’s journey to bridge the gap between Finance and Procurement, Ivalua has partnered with TransferMate to reduce the financial friction within cross-border trade. But why is this so important for business, and what does it mean for prospects and customers? This blog will answer these questions plus a few more. How important is this partnership to both Ivalua & TransferMate?
• Strategic sourcing is a combination of activities aimed at aligning a company’s procurement spend with its overall objectives. • It’s about spending money in the wisest ways rather than just angling for the lowest prices of items. The sourcing strategy balances numerous variables in supply chains as well as the various interests of internal […].
When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market.
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
U.S. and European businesses are reconsidering their investments in China after the lockdown in Shanghai and restrictions in other cities caused major disruption to their operations.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Why Cyber Security is Important! As a business owner, you need to be aware of the threat of ransomware which holds data hostage in exchange for payment. This form of malware is not new. So, why is it even more important to protect your data against this type of threat? The pandemic has prompted a surge in digitization in the last couple of years: more people work remotely, and we use the internet to hold meetings and exchange
Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. This traditional IBP is not set up for a fast-changing world, where speed of decision making confers a competitive advantage. Intelligent automation will change this. In this series of blogs, I will discuss the transition of traditional IBP towards a more intelligent IBP.
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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Confessions of a High Priced Expediter! Anyone who has worked in Supply Chain knows that problems will arise anytime, anywhere and anyhow. These problems will require quick reaction, expediting, firefighting, long hours and sleepless nights. Certainly the disruptions caused by the pandemic have made reactive Supply Chain operation the norm in virtually every industry and every geography.
Warehouse technologies and automated systems can help solve warehouse and supply chain issues cost-effectively. The right technologies can increase efficiency by improving stock control and pick accuracy, warehouse flexibility, responsiveness, and safety and security. They can also help strengthen supplier relationships and improve customer service levels.
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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. It is likely that part of your day already depends on your PC running effectively without delays. Whether you use one at work, for gaming, or to socialize, it can be extremely frustrating when your computer is out of action for seemingly no reason due to programming errors. You will be pleased to know that not every PC fault happens at random.
Philip Ideson, former procurement delivery leader for Accenture and creator of Art of Procurement , the #1 weekly procurement podcast, explores whether category management remains an essential function for procurement organizations – or not. Only procurement thinks of products and services as categories, and that is okay. The driving intent behind category management is to help the business determine a more value-oriented buying strategy by segmenting their spend purposefully.
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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Magento 2.3.7: A Concession for Users! A Progressive Online App often known as a PWA, such as Magento PWA, is a web application that combines contemporary web technologies and design principles to create a dependable, quick, and engaging user experience. Progressive Web Apps (PWA) are a relatively new idea proposed by the Google team in 2015.
Written by: Delaney Rombough. Working in a remote or hybrid environment has become the new normal for many mission-driven organizations. For most finance people, that’s easier said than done. Spring is the busiest season for most accounting and finance professionals. We know you’re in the middle of month-end close, quarter-end close, audit preparation, and tax filings.
Part I: Bridging the Gap between Procurement and Finance. A New Vision for Amrest. Amrest, a restaurant operations leader in Europe, was looking to create one business, one team, with one mission. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Where to begin? Let’s start with their business model and current challenges.
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
Digitizing data is of immense help in mitigating supply chain risks, says Bernard Tremblay, chief executive officer of the U.S. and Canada for Miebach Consulting.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. On Time Delivery – Get that right First! The pandemic may be over, but its effects may continue well into the coming years. One of the biggest challenges remaining from the pandemic is the labor shortage and its ripple effects on multiple industries, including logistics companies.
Leading supply management suite provider, Ivalua, recently held its annual user conference Ivalua Now as an in-person (but also virtual) event in Washington, D.C. It was another stellar showing of this always well-organized and high-class affair. Ardent analysts participated virtually this year and hope to return in person in 2023. The Day One mainstage was […].
Part I: Bridging the Gap between Procurement and Finance. A New Vision for Amrest. Amrest, a restaurant operations leader in Europe, was looking to create one business, one team, with one mission. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Where to begin? Let’s start with their business model and current challenges.
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