Procurement Insights

MAY 23, 2025

EDITOR’S NOTE: The following is my response to a post by o9 Solutions titled: Modernizing MRO Planning: How Leading Companies Are Transforming Maintenance Supply Chains. MRO procurement is right in my sweet spot. Together, they illustrate how procurement has shifted from siloed efficiency to ecosystem-wide intelligence.”

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Ethics 52

Procurement Insights

JANUARY 3, 2025

Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies. Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. How JAGGAER Helps JAGGAERs ESG solutions help procurement teams integrate sustainability into their sourcing strategies.

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Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Procurement Insights

APRIL 14, 2025

Key Outcomes from the DND Implementation In a 2003 deployment for the DND’s Maintenance, Repair, and Operations (MRO) procurement, Hansen’s ABM achieved remarkable results: Cost Savings : Consistent 23% year-over-year reduction in cost of goods over seven consecutive years. Influence on the Procurement Industry 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Influencing Procurement strategies 52

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking is the process of monitoring and managing procurement activities. Procurement Tracking: Why is it Important?

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Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Jaggaer

OCTOBER 24, 2024

By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

NLPA (Next Level Purchasing Association)

AUGUST 28, 2024

Supplier onboarding is a critical process in procurement and supply chain management, directly influencing efficiency and performance. This guide explores key steps, challenges, and best practices to optimize onboarding within procurement and purchasing contexts.

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Supply Chain Optimization Supply Chain Efficiency Supply chain Suppliers 52

TYA Suite

MAY 13, 2025

The main goal of operational procurement is to ensure that the right products and services are available when needed, at the best possible cost, with minimal waste or delays. This step often begins with employees or departments noticing a shortfall, whether its raw materials for production, office supplies, or maintenance equipment.

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Procurement Supply Chain Efficiency supply chain budgeting Raw materials 40

Jaggaer

MARCH 6, 2025

The landscape of public sector procurement has undergone significant transformation in recent years, driven by advancements in technology, evolving regulatory frameworks, and an increasing emphasis on sustainability. Blockchain Technology: Blockchain ensures transparency, security, and traceability in procurement transactions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

Procurement Templates

NOVEMBER 26, 2023

The Current Procurement Landscape Procurement specialists, often the linchpin of supply chain operations, orchestrate the acquisition of goods and services, ensuring cost-effectiveness and timely delivery. Navigating Ethical Considerations One of the discussions around AI is that ethical considerations loom large.

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Procurement Insights

MAY 3, 2025

Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supply chain management. Content: Covers procurement technology (e.g., AI, e-sourcing), spend analytics, and best practices.

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Procurement Supply Chain Optimization Ethics supply chain software solutions 40

Future Purchasing

FEBRUARY 25, 2025

Public procurement departments are navigating a complex landscape of challenges, including regulatory shifts, inefficiencies, difficulty building resilient supply chains, and an increasing demand for sustainability and transparency. Inflation creates budget pressure, meaning teams must deliver more with less.

Innovation 52

Innovation Supply Chain Efficiency Procurement Category management 52

TYA Suite

NOVEMBER 15, 2024

In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Procurement Templates

MARCH 3, 2024

Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Planergy

FEBRUARY 24, 2025

Download Free Copy Ultimate Guide to Procurement in Education: Tips for Schools & Academies Category Spend Management Written by Keith Murphy 16 min read Tags Education Procurement Last edited February 24, 2025 Download PDF IN THIS ARTICLE What is Procurement in Education? Who Benefits from Efficient Procurement?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Jaggaer

APRIL 22, 2019

Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. Clear steps to sustainable procurement. A quick look at the regulatory landscape.

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Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

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supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

Procurement Heads

FEBRUARY 7, 2023

For Procurement Heads ’ latest CPO Spotlight, Magdalena spoke with Rupert Gaster about why she chose to complement her procurement career with end-to-end supply chain roles and what drives her curiosity. How procurement has evolved since seems just unimaginable. There are many benefits of this career strategy.

Supply Chain Efficiency 130

Supply Chain Efficiency Raw materials Category management Sustainability 130

Procurement Heads

JULY 6, 2022

And lastly, there is the travel team, which looks after travel and sits under procurement and that team is split between Newcastle and London. We are doing well and we have an aspiration to be the leading procurement team in the legal industry so that is something that we keep at the heart of any agenda.

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Networking Supplier relationship management Procurement Risk 241

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Jaggaer

MAY 16, 2025

The World Procurement Awards celebrate excellence in procurement and represent the pinnacle of professional achievement. Recognised globally for its prestige, this event honours the leaders and organisations that excel in innovation, efficiency, and sustainability.

Procurement 52

Procurement Chief Procurement Officer Supply Chain Efficiency supply chain budgeting 52

Jaggaer

MARCH 20, 2025

Since many public institutions operate under performance-based funding models, changes in enrollment, graduation rates, or workforce outcomes could directly impact their budgets, forcing procurement teams to find cost savings and reassess long-term vendor contracts. But now is the time to step up to the next level.

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supply chain budgeting Procurement Budget Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

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Procurement Insights

MAY 21, 2025

Agility in Volatility: Real-time adjustments to demand spikes, supply shortages, or ESG regulations ensure continuity. Difficulty Engaging Stakeholders Human-AI Collaboration: Procurement teams override AI decisions for ethical or strategic exceptions (e.g., tariffs, supply shocks). next-day delivery (vs.

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supply chain budgeting Real-time Visibility Stakeholder engagement Agile and Lean Supply Chain 52

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By combining spend visibility with insights from AI, procurement teams are better equipped to implement category-specific cost savings initiatives.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Insights

MAY 22, 2025

Its no-code, modular design, deep AI integration, and broad risk/compliance coverage make it a leader in helping organizations manage third-party risk, compliance, and ESG requirements efficiently and at scale. This lack of transparency can undermine trust and complicate regulatory audits. Summary Table: Certa.ai

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting Stakeholder engagement Agile and Lean Supply Chain 40

Una

MARCH 30, 2023

My CFO only cares about cost reduction This is a common excuse for procurement teams who are struggling to move the needle beyond cost reduction. Additional resource: How to Manage Procurement Risk with a GPO Sustainability Procurement can prioritize sustainable sourcing practices to reduce the environmental impact of the supply chain.

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Procurement Supply Chain Efficiency Procurement team Sustainability 104

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.

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Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

SCMDOJO

APRIL 26, 2023

It involves segmenting spending into areas that contain similar or related products, allowing for a focused approach on categories that offer opportunities for consolidation and efficiencies. Using category management software is ideal as it creates visibility and efficient management. Sustainable/ethical procurement.

Category management 107

Category management Management Supplier relationship management supply chain software solutions 107

Empowering CPO

MAY 5, 2023

Embracing digital technologies has become a necessity for companies to streamline operations, improve customer experiences, and increase overall efficiency. Procurement’s Role in Driving Business Success Procurement, often viewed as a behind-the-scenes function, plays a critical role in a company’s success.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

TYA Suite

JUNE 2, 2025

Whether it's a small company buying in bulk or a large enterprise managing hundreds of suppliers, an efficient purchase process can directly impact cash flow, compliance, and profitability. A well-defined purchasing process plays a crucial role in helping businesses operate smoothly and efficiently. What is the purchasing process?

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Purchasing supply chain budgeting Purchase orders Quantity 40

SCMDOJO

OCTOBER 27, 2023

Delivery and Lead Time Negotiation: Negotiating the timeframes for delivery and lead times to ensure timely supply without disruptions. Risk Mitigation Negotiation: This negotiation involves discussing strategies and terms to manage and mitigate risks associated with procurement. Set Expectations: Suppliers appreciate transparency.

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Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

Supply Chain Game Changer

NOVEMBER 26, 2018

As procurement, sourcing and/or purchasing professionals, we could all learn a thing or two from IKEA; an organization that went from a small furniture company in Småland, Sweden started by Ingvar Kamprad, to the major global enterprise it is today. Business Ethics. In my eyes, IWAY was at the center of Ikea’s rapid expansion.

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Procurement team Supplier relationship management Procurement Suppliers 56

IBM Supply Chain Blog

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. For example, supply chain disruptions are difficult to predict.

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Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

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Supply Chain Efficiency Purchase orders Procurement Bidding 21

Planergy

MARCH 19, 2025

Efficient supplier relationships streamline operations, improve resource use, and create better student learning environments. However, budget restrictions and transparency requirements present challenges. For schools, this ensures classrooms and operational areas remain functional and efficient.

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