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In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. Maja Tepeh , Senior Brand Manager at supply chain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages.
Global markets are facing significant uncertainty and negativity, with instability and continued risk expected to impact businesses for the next decade, according to the World Economic Forum. Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supply chains, and are driving the uncertainty that organizations feel.
“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.
This content does not express the views or opinions of Spend Matters. Indirect spending can be the silent killer. Software, consultants, office supplies and maintenance whether you know it or not these costs are taking a bite of your bottom line. In fact, software and tech spend is often one of the five largest spend categories (behind line items like Cloud, advertising and payroll), with an estimated 11% growth in worldwide business spending.
There is a way to monitor price trends for mass-produced goods. All you need to do is to go a bit up the Supply Chain and do some maths. The post Knowing the price movement before anyone else first appeared on ABC of Procurement.
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There is a way to monitor price trends for mass-produced goods. All you need to do is to go a bit up the Supply Chain and do some maths. The post Knowing the price movement before anyone else first appeared on ABC of Procurement.
Strong supply chain capabilities drive efficiency and develop competitiveness in an oversaturated market. Global disruptions such as COVID-19 have unearthed a wide range of vulnerabilities within international supply chains. They taught businesses that you simply must be prepared for rapid change with contingency plans and alternative solutions ready to go.
This analysis contains excerpts from a piece previously written by Bertrand Maltaverne. This Spend Matters Vendor Analysis provides an overview of Zip and its solution for intake, orchestration and source to pay (S2P). As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources.
TL:DR Automated approvals make payments to vendors fast and easy. Real-time tracking highlights budget risks early. Accurate payments keep suppliers happy and stress low. The struggle with outdated financial systems As the financial controller at Piehole.tv, Roslynne, known as the fun accountant, faced significant challenges in managing the companys financial processes.
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
Last year, Halloween brought neighborhoods to life with lookalikes of Barbie, Spider-Man, and Indiana Jones lookalikes, all inspired by the years top trends.
In todays episode of Women in Supply Chain, Im joined by Gina Anderson software solutionist, high value business leader, supply chain and logistics expert, and C-Suite advisor. Gina has over 37 years experience in supply chain and logistics, and has led process and cost improvement projects for mega brands like Disney, Honda, Sony, and Louis Vuitton to name just a few.
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.
Editors Note: Over the next few weeks on CPO Rising, were publishing some best of 2024 articles as we reflect on last year and begin tackling 2025. The role of… The post Best of 2024: Procurement Embraces Its Workforce Strategy Role appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
As we step into 2025, the world of procurement and supply chains is brimming with challenges and opportunities. From navigating shifting global markets to embracing sustainability and technological advancements, this episode offers expert insights into what lies ahead. Host Simon Lipscomb and a panel of Efficio experts explore thekey trends impacting procurement and supply chains across various industries and regions.
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.
Editors Note: Over the next few weeks on CPO Rising, were publishing some best of 2024 articles as we reflect on last year and begin tackling 2025. If you missed… The post Best of 2024: eSourcing 2.0: Making the Case in 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Overcoming common agricultural procurement challenges In the agricultural industry, managing procurement through manual, time-consuming, and paper-based processes can lead to significant inefficiencies, limited visibility, and poor control over spending. This challenge becomes even more complex when managing multiple farms, ranches, and orchards across different locations, each operating as independent entities.
Retailers and manufacturers will continue to diversify their networks while leaning on new technology to safeguard processes and improve customer experiences.
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.
Procurement contract management plays a pivotal role in ensuring organizational success. Effective contract management extends… The post Essential Key Performance Indicators for Procurement Contract Management first appeared on Procurement Blog | Procurement & Supply Chain News.
A case study featuring Josh Rowson, vice president of demand planning and replenishment at Princess Auto, and Darryl Landvater, a business advisor with Oliver Wight.
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
The insurance market is undergoing significant changes with the adoption of artificial intelligence (AI) and automation. These technologies provide insurers with an exceptional opportunity to modernize operations, reduce costs, and enhance the customer experience. The combination of AI and automation addresses challenges like risk management and fraud prevention, while also streamlining essential processes such as claims analysis.
What makes FIFO (First-In, First-Out) such a vital strategy for inventory management in Purchasing and Procurement? In the fast-paced and ever-changing world of supply chains, FIFO stands out as a simple yet transformative approach. By ensuring the oldest inventory is used or sold first, this inventory methodology helps businesses reduce waste, boost efficiency, and confidently meet industry standards.
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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