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Procurement has evolved from a back-office function to a strategic driver of innovation and value. While technology is at the heart of this shift, jumping on the digital bandwagon isnt always as simple as plugging in some shiny new software. Real transformation demands a mix of creativity, strategy and much patience. Change management isnt a sidekick in this story; its the star of the show.
The Reality of Corporate Sustainability Today I’ve spent years watching organizations grapple with sustainability transformations, and I’ve come to a difficult realization: We’ve overcomplicated the path forward. In our eagerness to measure, analyze, and comply, we’ve created a labyrinth of complexity that’s paralyzing action rather than enabling it.
Modern procurement professionals need to be among some of the most highly skilled workers in any organization, and we want to help you identify exactly what essential procurement skills you need to lead your team as the industry continues to grow and evolve. Were going to examine what skills are necessary for procurement leaders, why theyre important, and how you can effectively train to lead your team in a highly complex and still-growing 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.
This content does not express the views or opinions of Spend Matters. Ramp recently hosted a panel of seasoned procurement practitioners to discuss and debate next-gen procurement, how procurement should be positioned and approached for businesses implementing a formal process for the first time, and practical steps to stand up a function from scratch.
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.
Last-mile delivery is one of the most critical aspects of the supply chain and logistics process. It requires extensive infrastructure, workers and resources to get packages to their final destinations.
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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.
Last-mile delivery is one of the most critical aspects of the supply chain and logistics process. It requires extensive infrastructure, workers and resources to get packages to their final destinations.
The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Whether you’re just starting your journey or a seasoned pro looking to level up, choosing the right training path is crucial. Moreover, two popular options often considered are the MCIPS qualification from the Chartered Institute of Procurement & Supply (CIPS) and the Procurement Track offered by SCMDOJO.
This Spend Matters Vendor Analysis gives an overview of Circulor, a blockchain-based traceability solution built to track materials that change physical and chemical states and cannot be tagged nor managed at batch level. Such materials include rare earth minerals, plastic, leather and palm oil. These capabilities are critical for improving the transparency and understanding of global and distributed supply chains and complying with regulations on certain raw materials (e.g. conflict minerals) a
The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts.
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
Are we missing the forest because of the trees, or are we missing the trees because of the forest? A Lack Of Balance? The phrase “Are we missing the forest because of the trees, or are we missing the trees because of the forest?” is a twist on the classic saying “missing the forest for the trees.” It suggests two possible cognitive biases or blind spots: Missing the forest because of the trees Focusing too much on small details and losing sight of the bigger picture.
CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend… The post Technology Round-Up February 5, 2025 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting.
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.
Referencing the direct material 2003 ERP story from Procurement Insights (see below), here are the core points to consider: The faster the gains on tech, the more rapid the decline in value – diminishing return. The practitioner agrees to pay licensing and maintenance fees to an ERP solution provider. With a new implementation, there are initial returns.
[**Today, we’re running a “best of” Magnus Mondays post, reprising a popular topic of the series. Magnus returns next week with new content for February.] In a recent article, I… The post Magnus Mondays (Reprisal) Make vs. Buy: Procurement Tech Edition appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting.
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.
EDITOR’S NOTE: The following is my response to a new comment on an article I posted to LinkedIn five months ago. I still don’t understand how an old post can stimulate current comment activitymaybe it has something to do with the LinkedIn algorithms. However, that is a discussion for another day. Post Excerpt: 83% of AI initiatives fail – 75% of AI solution providers today will be gone by the end of 2025.
Today Im joined by Buckeye Mountain, a transportation company that is on a mission of service full service! Buckeye Mountain provides highly specialized services, plus some unique products, that enable owners and operators of cargo terminals to keep pace with the never-ending demand for new technology in their facilities. Today Greg Dunnell, co-founder of Buckeye Mountain, joins me to talk all about his founder journey; Buckeye Mountain and what they do; how big industry challenges impact front
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Strategic sourcing plays a critical role in this transformation, ensuring organizations secure the best value while mitigating risk. Explore the fundamentals of S2P, best practices in strategic sourcing, and the key steps for a successful digital transformation.
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.
Shortly after launching the Procurement Insights blog in May 2007, I was contacted by Ariba, asking if I would like to interview them about their latest contract win in the Healthcare sector. There were very few blogs in those days, and therefore, the medium was considered a new and exciting venue through which providers could connect with the market.
AI-empowered tools, complementary to WMS, exist today that add orchestration, leading to increased efficiencies, reduced costs, optimized inventory and enhanced customer satisfaction.
2024 was widely recognized as a landmark year for elections, with over sixty countries holding significant polls. Across continents, incumbent governments faced mounting dissatisfaction as citizens demanded improved public services. Many taxpayers feel their contributions fail to deliver value for money, citing delayed infrastructure projects, rising costs, and public services struggling to meet growing demand.
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 procure-to-pay (P2P) process goes beyond managing processes and spending. It serves as a strategic framework that positions procurement as a key driver of financial and business success. When optimized, it aligns procurement decisions with business goals, resulting in smoother operations and stronger financial control. Yet, common challenges such as manual errors, delays, lack of transparency, and compliance risks lead to missed opportunities.
The starfish story is a well known anecdote. In most versions, an adult and child are walking on a beach before the tide goes out, and they see thousands of starfish stranded on the sand. The boy starts throwing in starfish one by one back into the ocean, and the man asks why on earth hes making the effort when theres no way he can possibly make a difference for all of the starfish on the beach.
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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