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Efficiency and Accountability Boost: P2P is critical software that automates procurement, reducing mistakes and speeding up decision-making by removing manual inefficiencies. -Real-time visibility, data analytics, and integration with emerging technologies enhance efficiency, cost savings, and financial control, fostering transparency and accountability across procurement operations.
Why You Should Hire Older Individuals to Work in Procurement Learn why it makes sense to hire older individuals to work in procurement and take advantage of their talent and experience. By Hugo Britt | December 5, 2023 Search Search In this article, we’ll cover why it makes sense to bring experienced, seasoned individuals into the world of procurement, regardless of the number of candles on their birthday cake.
Three-Way Matching Overview – Three-way matching involves comparing purchase orders, invoices, and receiving reports to ensure accuracy in quantities, prices, and terms. – It is a critical financial control mechanism that detects errors, prevents fraud, fosters vendor relationships, ensures regulatory compliance, and contributes to cost control and budgeting.
“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.
EDITOR’S NOTE: Here is an excerpt from my response to a LinkedIn post that was championing the importance of data. Data Management as easy as 1,2,3 Does anyone in this discussion stream believe that eating right, getting regular exercise, and at least 8 hours of sleep AREN’T good for you? I went through the list of the 100 people who reacted to this post, and while there are certainly practitioners, an equal number of providers are giving their thumbs up.
The beverage giant is focused on efficiency in its operations and working with communities, Pepsi’s senior director overseeing water strategy told Supply Chain Dive.
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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.
The beverage giant is focused on efficiency in its operations and working with communities, Pepsi’s senior director overseeing water strategy told Supply Chain Dive.
[link] The key changes Publishing requirements & supplier engagment Procedures Supplier Exclusion Transparency Preparing for changes What’s new? Consolidation – the Act consolidates the different procurement regulations under one Act. Direct Award – introduction of the ground to protect life where a Minister of the Crown considers it necessary and as such introduces regulations that a direct award is permitted.
With the help of data analysis and intelligent systems, companies are able to more efficiently manage product returns, repairs, recycling and other processes
Artificial intelligence (AI) in the workforce has significantly changed several industries. One of the sectors facing a major transformation is supply chain management.
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, almost 200 million people shopped on Black Friday. Online alone, they spent more than $9 billion. This holiday season, shoppers are ready to shop again and they’re prepared to spend even more. Are your IT systems ready to handle any spikes and keep everyone jolly? Or are you worried that incidents—finicky apps, slow page loads or even downtime— might ruin the holiday spirit along with your bottom line?
Ninety-three percent of the workers in the warehousing/storage industry reported they were paid hourly while an additional 12% said they had to take on another job.
Artificial intelligence (AI) has (unsurprisingly) become a bit of a buzzword in the procurement industry, causing Spend Matters to devote an entire page to the question of AI in procurement. The buzz over the general applications of generative AI (GenAI), however, threaten to obscure the other radical (albeit niche) changes that our analyst team has deemed worthy of highlighting among this year’s Future 5.
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.
Complex digital supply chains spanning multiple countries and continents offer invaluable flexibility and cost efficiencies, but also growing cybersecurity risks.
In this Spend Matters Vendor Analysis, we provide an overview of Omnea and its intake management solution. Omnea is a fairly new vendor in the intake space, looking to solve complex and inefficient procurement processes through procurement automation and centralized intake. The vendor takes a comprehensive approach, focusing on the spend control narrative and offering a unified solution that takes a variety of pain points in procurement and supplier management, most notably helping its customers
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.
Learning these six ingredients for delivering innovation from invention serve as a compass for organizations navigating this dynamic market and striving to maximize return on innovation investment.
Retailers that embark on supply chain transformation are well-positioned to confront challenges and stay competitive in a rapidly changing marketplace.
In this Spend Matters Vendor Analysis we provide an overview of SpendQube and its solution for spend analytics. In today’s rapidly evolving business landscape, every organization strives to make informed choices, optimize resources and drive profitability. Usable data is vital to this decision making. For procurement practitioners, spend analytics tools are indispensable assets.
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.
AI Used in EV Battery Tech Research Last week, we wrote about Swedish battery startup, Northvolt, that has reportedly developed an EV battery made of sodium-ion that doesn’t involve in-demand and expensive materials that current batteries require (e.g. lithium-ion batteries). Further to this, the startup is using AI to help in their research and development of new battery technology.
On November 7th, a minimum wage increase was announced for ready-made garment factory workers in Bangladesh. The increase took workers. The post Will the world fiddle while Bangladesh burns? appeared first on Art of Procurement.
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
As the adoption of AI and other technologies continues to expand, it will transform how we perform work with the potential to disrupt 83 million jobs globally and create 69 million new roles by 2025, according to the World Economic Forum. Like other groundbreaking technologies before it, the evolution of AI will create opportunities for new industries, new jobs and new approaches to existing ones.
Research has found some correlation between personality traits and distracted driving behaviors. But there is question on whether businesses can use that information to improve employee safety.
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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