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Its a couple of days before the holidays, the Lets Talk Supply Chain team are having a well-deserved break, and so today, instead of an interview, were bringing you one of my favorite recent episodes from one of our live shows On The Margins with Coupa. On the Margins inspires business leaders to explore the what-ifs of success in the modern era. The show explores the often overlooked and seemingly marginal aspects of procurement, supply chain, and finance operations to reveal thought-provokin
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. Alexandra Arens , Senior Content Marketing Manager at Onventis , shares what their customers are looking for from their digital procurement investment based on the 2024 Procurement Barometer study results
Resources / Blog / 5 Procurement Industry Trends to Watch in 2025 5 Procurement Industry Trends to Watch in 2025 In recent years, the procurement industry has undergone unprecedented transformations driven by the adoption of digital transformation, big data, and advanced technology like artificial intelligence (AI), machine learning, and automation.
First, happy holidays! As CPO and leader of procurement strategy, you deserve a break because the past 12 months have been challenging to say the least. In fact, its a good job that your average chief procurement officer is naturally drawn to complex problems because there was a rich vein of them through 2024. And theres little to suggest that much will change moving into 2025.
“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.
Editors Note: Over the next few weeks on CPO Rising, were publishing some best of 2024 articles as we reflect on the year and prepare for the new year ahead.… The post Best of 2024: Magnus Mondays Navigating the Raw Essentials: A Primer on Direct Materials appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Purchase control is one of those things that feels small until its not. Its the foundation for managing company spend, keeping cash flow in check, and making sure your team doesnt spend three days tracking down a single lost receipt. And yet, for a lot of small businesses, its a total mess. Purchasing is about getting the right stuff at the right time from the right suppliers for a fair price without blowing up your budget or your supplier relationships.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Purchase control is one of those things that feels small until its not. Its the foundation for managing company spend, keeping cash flow in check, and making sure your team doesnt spend three days tracking down a single lost receipt. And yet, for a lot of small businesses, its a total mess. Purchasing is about getting the right stuff at the right time from the right suppliers for a fair price without blowing up your budget or your supplier relationships.
Effectively managing contracts for procurement processes has become an important task for companies that want… The post 10 Best Practices for Streamlining Procurement Contract Management first appeared on Procurement Blog | Procurement & Supply Chain News.
A proposed rule by FMCSA specifies the roles, responsibilities and obligations of parties in commercial transportation transactions that are arranged by licensed property brokers.
Editors Note: Over the next few weeks on CPO Rising, were publishing some best of 2024 articles as we reflect on the year and prepare for the new year ahead.… The post Best of 2024: Procurement News CPO Promotions for 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Process automation with AI is one of the most revolutionary and powerful tools of digital transformation , enabling companies to become more efficient and innovative in a highly competitive market. More than just a technological trend, process automation with AI represents a structural shift in how organizations operate, making strategic decisions and driving operational efficiency.
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
The procurement industry is not an exception at a time when technology is changing sectors… The post Revolutionizing Service Procurement and Sourcing with AI and Automation first appeared on Procurement Blog | Procurement & Supply Chain News.
The way businesses handle purchasing is evolving. Were seeing a shift from outdated, manual processes to streamlined systems that turn procurement into a strategic advantage. And at the heart of this transformation is the purchase order management system. Submitting purchase order documents the old-fashioned way isnt just inefficient. Its risky. Without proper purchase controls, budgets spiral, supplier management suffers, and inventory levels become a guessing game.
In a fast-paced digital transformation era, intelligent agents stand out as essential tools for companies seeking efficiency, innovation, and a competitive edge. Acting as autonomous tools, these agents combine artificial intelligence and automation to perform tasks, freeing employees to focus on more strategic activities. With capabilities ranging from workflow automation to advanced analytical insights, intelligent agents offer customization, efficiency, and agility, optimizing corporate opera
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.
Keeping a competitive edge in a fast-paced, globalized economy is crucial, and long lead times… The post How Strategic Purchasing Reduces Lead Times with Supplier Collaboration first appeared on Procurement Blog | Procurement & Supply Chain News.
Artificial intelligence continues to revolutionize buyer-supplier collaboration and information management, offering transformative opportunities to optimize supply chains.
Subject: Tony Callahan , VP National Purchasing, Shea Homes ProcureTech Provider: ProPurchaser Summary: ProcureTech Provider: ProPurchaser In the discussion meeting between Tony Callahan and Jon Hansen, Tony shared insights on his extensive experience with ProPurchaser, a platform he has utilized since 2001. He highlighted the tool’s evolution, including its expanded range of commodities, training modules, and improved visibility, contributing to its acceptance within his team.
Artificial intelligence is shaping the future of businesses and redefining how tasks are executed. It provides solutions that not only optimize processes, but also revolutionize how complex tasks are handled. Among the most promising innovations are AI agents, autonomous tools capable of performing tasks intelligently and adaptively. For companies looking to increase efficiency, reduce costs, and prepare for the future, understanding and implementing AI agents is crucial.
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.
A unified approach to warehouse management can transform and streamline your operations, reduce downtime, lower costs and enhance safety across the board.
The ATRI also found that congestion caused the industry to waste 6.4 billion gallons of diesel fuel, creating more than $32 billion in additional fuel costs.
In finished vehicle logistics, p erhaps the most impactful benefit of real-time location intelligence is its ability to modernize legacy processes through automation.
Pini Althaus, chief executive officer of Cove Capital, explains the ramifications of Chinas recent ban on exports to the U.S. of certain critical materials.
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 transportation management landscape is evolving rapidly, and artificial intelligence (AI) is leading the charge in transforming how businesses operate. From streamlining processes to improving decision-making and driving down costs, TMS solutions are revolutionizing supply chains worldwide, but what can AI bring to the table?
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
12 European countries are demanding checks on proof of insurance from suspected shadow vessels as they pass through the Baltic Sea and the English Channel.
When it comes to supply chain optimization, the integration of electronic data interchange and order management systems is crucial to achieving better communications with trading partners.
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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