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Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories. Part of the teams strategy was to reorganize how Procurement engaged with all budget owners and influenced how we buy, what we buy across many other spend categories.
Do you think air can not influence your COGS (Unless you sell compressed air)? The post Influence of Air on COGS first appeared on ABC of Procurement. It can, and here is a real example.
EDITOR’S NOTE: Today’s post is my response to Michael Lamoureaux’s LinkedIn post “Top 10 Ways to be a Procurement Influencer on LinkedIn!” ” Michael then wrote, “The votes have been counted, and everyone wants … an Influencer!” ” So, What Is A ProcureTech Influencer?
In a recent poll for the Purchasing & Global Supply Chain Professionals LinkedIn Group, I asked the following question: What influence does the procurement department have in selecting a ProcureTech provider and solution? I am not often surprised by poll responses, but this one caught me off guard.
What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for success Read this essential report to chart your path forward and influence procurement tools and processes.
In the world of supply chain, turning to social media to keep up to date on the latest trends has become more common over time, as followers want to see…
Arkestro Contact: Fight or Flight PR Tiffani Lee-Zhang Arkestro@fightorflight.com The post Arkestro Joins the Infor Marketplace to Amplify Procurement’s Influence with Its Infor LN Integration appeared first on Arkestro. See Arkestro in action at arkestro.com.
In an upcoming Purchasing & Global Supply Chain Professionals Group Poll, I will ask about the degree of the procurement department’s involvement and influence in the ProcureTech selection and implementation process. ” Looking back, is it any wonder why we embraced and continue to embrace spreadsheets?
Press Releases / Arkestro Joins the AWS Partner Network to Amplify Procurement’s Influence Arkestro Joins the AWS Partner Network to Amplify Procurement’s Influence The leader in Predictive Procurement Orchestration (PPO) joins the AWS Partner Network to redefine procurement’s role in business growth.
Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022).
The landscape of supply chain leadership is undergoing a profound transformation, with women increasingly taking the helm with influence in reshaping the industry’s future. Read more The post The Rising Influence of Women in Supply Chain: Zero 100 Podcast Collaboration appeared first on SupplyChainQueen.
Join Ardent Partners and ORO Labs on November 21st (11 AM ET) for a discussion on Cast a Wider Net: Leveraging Innovation to Expand Procurement’s Influence and Impact.
Did you miss Ardent Partners’ recent webinar,Cast a Wider Net: Leveraging Innovation to Expand Procurements Influence and Impact,that shed light on how procurement can deliver greater value by focusing on… The post Part Three: Expanding Procurement’s Influence Connecting Strategy, Users, and Technology appeared first on CPO RISING (..)
In supply chain management, data and its targeted analytics are necessary to make statements about important influences on the supply chain: Which deliveries are often uncertain? Which materials or products…
Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management
Empower yourself as a project manager with insights that directly influence the financial landscape and strategic direction of your organization! Join us for a deep dive into the world of financial strategy, as we dissect key metrics that drive CFOs and business leaders’ investment decisions.
Tracking and influencing Scope 3 Emissions is no different. AN INTERESTING CONVERSATION Over the coming weeks, I will investigate a solution provider that offers a unique solution for tracking and influencing Scope 3 Emissions in extended supply chains.
One of the privileges of being in this role is the opportunity it offers to have regular conversations with CPOs about their visions for the function and the strategic journeys they are on. It’s inspiring and helps to inform many of our own strategic product decisions.
What does KKR know about procurement and ProcureTech solutions? KKR, one of the largest private equity and investment firms globally, has considerable experience and insights into procurement and ProcureTech solutions, especially through its portfolio companies and investments.
The five largest microchip companies wield immense influence, not only… In the fast-paced world of technology, microchips are the unsung heroes that power our devices, from smartphones to self-driving cars.
Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP
In this webinar, Robert Olszak, Vice President at Global Supply Chain Optimization, will discuss: Enhancing your logistics network to be more responsive to external supply chain disruptions Dominant trends in optimizing supply chain performance The value drivers most significantly influencing supply chain network design strategies April 20th, 2023 (..)
largely control procurements level of influence. Procurements ability to engage, influence and align with stakeholders determines the extent to which digital transformation efforts deliver sustainable and measurable benefits. However, the reality is that stakeholders, including budget owners, business units, etc.,
Within this framework, tariff management plays a key role in shaping sourcing decisions and influencing the cost and availability of direct materials. Achieving this requires a seamless integration of demand, supply and product requirements that begins in the design phase and continues throughout the whole product lifecycle.
But have you ever considered how financial products like car title loans influence retail supply chains? In the intricate web of modern commerce, every component has a role in the smooth flow of goods from manufacturers to consumers.
While nearshoring can be a risk mitigation tool, it’s important for businesses to consider the differences between countries, including cultural, trade and even weather patterns, which can lead to road closures or weight reductions.
Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC
In particular, she will focus on: Why procurement and supply chain professionals need to stay on top of the news - but not entirely be guided by it How to let current disruptions influence - but not confine - forward-looking risk mitigation strategies How to balance short-term firefighting with longer-term planning March 14, 2023, at 9:30 am PT, 12:30 (..)
senators have called for a government analysis of foreign influence in the U.S. After pandemic, U.S. senators want review of drug supply chain Republican and Democratic U.S. pharmaceutical supply chain…
Procurement as a function is uniquely positioned to influence how a company spends its money. We can influence our stakeholders in our respective companies to make better or more informed decisions and we can also influence suppliers in the way that we engage with them.
This course will teach you a lot about procurement and purchasing, trends and tendencies in procurement, the role and influence of the procurement function in the company, types of procurement, and more. Beyond her professional endeavors, Fatima is a recognized social media influencer. You can follow her on LinkedIn or Instagram.
Influence Sourcing Decisions Informed Supplier Selection: S&OP provides procurement teams with a comprehensive view of future demand, enabling them to select suppliers with the capacity and capabilities to meet anticipated requirements. For example, below are 5 reasons why procurement folks should attend S&OP Reviews.
When I started my social media journey, I had 113 connections on LinkedIn, and didn’t know what Twitter or Instagram were OR, how to use them. With over 100k followers cross-channel and a thriving podcast, I wanted to pause and send a heartfelt thank you , and a bit about my journey.I felt out of. Read more
Market influencer: There is likely to be little willingness to push the market to a new level where influence is large and ambition is low, but this influence can be utilized to urge supply chains to enhance sustainability practices and outcomes.
On regulatory compliance, data protection regulations such as GDPR continue to influence procuretech investment. Customers want to quickly adjust sourcing strategies and build agility into their supply chains. We have Europe-based data storage and robust compliance controls for companies prioritizing data protection.
The combination of the above, together with strong experience in the field, means that the solution can be used on the buyer’s side to influence design decisions and on the supplier’s side to attract and develop business. to provide deep and accurate insights and auto-costing.
The La Nina weather pattern influence in 2022 influences the top orange juice-producing countries. Here are the top factors: 1. Climate Change The alternate severe drought and excessive rainfall greatly affect productivity in orange-producing countries.
OROs ownership could influence ProcureTech 100s future focus, potentially deepening its integration with DPWs audience of over 5,000 attendees from 80+ countries. Partnerships with firms like Deloitte (announced October 2023) enhance its influence and resources. How does Deloitte figure into the Triad equation?
Instead of getting bogged down by tedious tasks, they use AI-driven insights to move faster, influence stakeholders and optimize spend proactively. Forward-thinking organizations are already using AI to amplify human expertise.
Here we look at Why change is difficult: the current state of things (State 1) and what the transformed state could be (State 2), and the two types of influence that hinder a clear assessment of these two states. We look at How to work through change: the importance of change management.
For most companies, pricing is influenced by market dynamics like supply, demand, competition, and customer willingness to pay, which should-cost models often overlook. However, few companies can replicate this approach due to limited resources and market power. The actual price is only clear when set in a competitive market context.
The continued emphasis on sustainability and ESG compliance has a huge influence on the need for procuretech. In procurement, the infinite nature of deep supply chain mapping from raw material to end product is a practically textbook use case for AI.
Technology integration: The integration of advanced technologies like autonomous vehicles and route optimization software is expected to streamline operations and potentially reduce costs,influencing the direction of trucking rates.
The paper discusses the influence of Technophobia on managers’ adoption of Generative AI. EDITOR’S NOTE: Dr. Thierry Fausten shared the following link regarding a new publication in AJG3* Journal of Managerial Psychology. Hope it will help managers in the modern time capturing more opportunities from GAI.
The Racketeer Influenced and Corrupt Organizations Act, better known as RICO, is usually associated with organized crime. In 1992, it. The post Reading FedEx Ground the RICO Act appeared first on Art of Procurement.
Weather and Natural Disasters Hurricanes and floods have a big influence on lumber market value as they disrupt the steady supply chain and reduce lumber availability. Overall, various factors influence lumber price fluctuation which is constantly happening every year. High lumber demand generally comes from the housing market sectors.
Expand Reach and Influence on Spend Predictive Procurement can drive efficiency across procurement by identifying patterns that reduce the amount of time spent on tactical activities. Resources / Infographics / Reclaiming Opportunities with Predictive Procurement Reclaiming Opportunities with Predictive Procurement 1.
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