Sat.Feb 01, 2025 - Fri.Feb 07, 2025

article thumbnail

Strategic Sourcing Best Practices – Proven Strategies for Procurement Success

Jaggaer

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.

article thumbnail

A procurement digital transformation survival guide for practitioners: How to embrace digital without getting lost on the way

Spend Matters

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How AI with Edge Computing Will Transform Warehouse Operations!

Supply Chain Game Changer

Subscribe Running Supply Chain on the Edge, with Edge Computing! In this article, we’ll explore how AI with Edge computing is poised to transform warehouse operations by addressing critical challenges, the unique advantages this technology offers, and the specific use cases where it is making the biggest impact. Warehouse operations today face numerous challenges that drive up costs and reduce efficiency.

article thumbnail

The Procurement Tech Market in 2 Years: How Will It Look?

Procurement Software

This week’s piece was inspired by a LinkedIn post from well respected industry commentator Jon W. Hansen. He’s predicting that 75% of AI (procurement tech) solution providers today will be gone by the end of 2025. That’s a pretty bold statement. Just for context, he made this back in September, so I appreciate I’m looking at this with a bit of hindsight.

article thumbnail

Precision in Motion: Why Process Optimization Is the Future of Manufacturing

Speaker: Jason Chester, Director, Product Management

In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.

article thumbnail

Source-to-Pay Digital Transformation: Roadmap for Efficiency and Resilience

Jaggaer

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.

article thumbnail

MCIPS vs SCMDOJO Procurement Track

SCMDOJO

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.

More Trending

article thumbnail

Key Trends in Supply Chain for 2025!

Supply Chain Game Changer

Subscribe The Supply Chain Renaissance Has Begun! The supply chain industry faces a transformative era heading into 2025. Challenges like shifting consumer expectations and global uncertainties drive companies to rethink traditional practices. Technological advances, sustainability goals, and stronger resilience plans emerge as central themes shaping the future of logistics.

article thumbnail

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement

Jaggaer

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.

article thumbnail

How to stand up a modern procurement process

Spend Matters

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.

article thumbnail

How We’ve Made the Problem Too Big: The Challenges of Focusing on Data, Compliance, and Analyst Opinions in Sustainability

Supply Chain Queen

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.

article thumbnail

Reducing Global Lead Times To Improve Customer Experience At Becton Dickinson

Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory. How BD Biosciences was successful in reducing global distribution lead times between 30% and 60% in addition to: Increasing agility to prioritize urgent and ad-hoc customer requests Increasing global

article thumbnail

7 Benefits of Outsourcing Logistics!

Supply Chain Game Changer

Improve Goods Flow By Outsourcing Logistics! Outsourcing logistics can provide numerous advantages for businesses of all sizes. As supply chains become more complex and globalized, many companies find it beneficial to rely on third-party logistics (3PL) providers to handle some or all of their transportation, warehousing, distribution, and fulfillment needs.

article thumbnail

Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

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.

article thumbnail

25 Years In Business, 95% Implementation Success Rate, 89% Client Retention Rate, Tangible ROI

Procurement Insights

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.

article thumbnail

7 Best practices in procure-to-pay: cut costs & gain control

Fraxion

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.

article thumbnail

Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“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.

article thumbnail

Understanding Trading, Investing and Foreign Exchange!

Supply Chain Game Changer

Subscribe Trading Globally, Investing Abroad, Foreign Exchange Markets and Trade Agreements! This article will delve into the various topics related to supply chain, such as trading globally, investing abroad, foreign exchange markets, and trade agreements. These ideas and concepts are key in the overall understanding trading, investing and foreign exchange, and the process of the supply chain and it gives many key benefits that propel companies to more successful opportunities.

article thumbnail

The Complete Guide to Source-to-Pay (S2P) and Strategic Sourcing

Jaggaer

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.

article thumbnail

Are Diminishing Returns Undermining AI Initiatives The Way It Did With ERPs?

Procurement Insights

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.

article thumbnail

Circulor: Vendor Analysis — Traceability and digital product passport solutions overview, competitors, user considerations, analyst summary

Spend Matters

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

article thumbnail

Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

Speaker: Jason Cottrell and Gireesh Sahukar

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.

article thumbnail

Why is the Use of Blockchain Increasing?

Supply Chain Game Changer

What is Blockchain? And How Does it Work? (Infographic) Blockchain is a very confined and super technology that does not allow anybody to manipulate or delete records. It has the credibility of providing the most secured transactions, and along with that, it also reduces the compliance value. Blockchain technology is capable of helping in contract management and can also do the audit of the product from the origin.

article thumbnail

Five Priorities for Public Sector Procurement in 2025 – and Beyond

Jaggaer

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.

article thumbnail

What is the logic behind 75%

Procurement Insights

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.

article thumbnail

Technology Round-Up — February 5, 2025

CPO Rising

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.

article thumbnail

How to Modernize Manufacturing Without Losing Control

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

article thumbnail

The Power of Strategic Partnerships: Collaborating for Business Growth!

Supply Chain Game Changer

Supply Chain Collaboration – The New Way to Drive Value! In the ever-evolving world of business, companies continuously strive to gain an edge. There’s a power tool that many overlook: strategic partnerships. Such collaborations offer an impressive vehicle for accelerating business growth. This article will delve into how strategic partnerships fuel business expansion and success.

article thumbnail

448: Bridging the Gap Between Operations and Technology, with Buckeye Mountain

Let's Talk Supply Chain

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

article thumbnail

SAP Ariba Users – In The People Versus ChatGPT, Your Feedback Matters!

Procurement Insights

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.

article thumbnail

Magnus Mondays (Reprisal) — Make vs. Buy: Procurement Tech Edition

CPO Rising

[**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.

article thumbnail

From Basic to Brilliant: Early Optimization of Material and Transport Planning

Explore how a global manufacturing organization steadily advanced its supply chain maturity – starting with basic transportation management and evolving towards a fully integrated, optimization-driven planning approach. Get an inside look at a multi-year 4PL collaboration journey, culminating in the implementation of 4flow TORO to unlock the full potential of early optimization in material and transportation planning.

article thumbnail

7 Tips for Reducing Shipping Expenses in Your Online Business!

Supply Chain Game Changer

Subscribe 6 Techniques to Reduce Last Mile Delivery Costs! Managing shipping expenses is crucial for the success of any online business. With the rise of e-commerce, especially in Brazil, consumers expect fast, affordable shipping, which often puts pressure on businesses to absorb the costs or pass them on to customers. However, if shipping costs aren’t managed effectively, they can significantly eat into your profits.

article thumbnail

The World’s Largest Shipping Companies in 2025: Who Dominates the Seas?

All Things Supply Chain

The container shipping industry is dominated by a handful of global companies that own and operate vast fleets.

article thumbnail

USPS Ground Advantage volume jumps as shipping changes take root

Supply Chain Dive

The Postal Service has secured more direct customer contracts as volume for services used by package consolidators wanes.

Contract 130
article thumbnail

How Synchronized Warehouse Operations Can Impact the Bottom Line

Supply Chain Brain

AI-empowered tools, complementary to WMS, exist today that add orchestration, leading to increased efficiencies, reduced costs, optimized inventory and enhanced customer satisfaction.

article thumbnail

How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

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.