This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. , The success of the Procurement team at Utz Brands, Inc. ,
It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Process Efficiency: Streamline procurement processes through automation, reducing lead times and operational costs.
Within this framework, tariff management plays a key role in shaping sourcing decisions and influencing the cost and availability of direct materials. This article explains how this affects Procurement. The post Tariffs and Procurement (Part 2): Tariff management and building an action plan appeared first on Spend Matters.
Procurement leaders are at a pivotal moment. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency.
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.
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.
Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.
In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.
Going back to 1983, the purchasing/procurement department had virtually no say in what technology platform their company implemented. They are well-crafted kitchens using known ingredients, with some unique recipes for procurement-specific needs. I will share the link with you here when it is available.
EDITOR’S NOTE: Today’s post is my response to Michael Lamoureaux’s LinkedIn post “Top 10 Ways to be a ProcurementInfluencer on LinkedIn!” ” Michael then wrote, “The votes have been counted, and everyone wants … an Influencer!” ” So, What Is A ProcureTech Influencer?
Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Click here to learn more and register today!
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. It must be approachable.
In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.
Procurement is at a crossroads. Supply chains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. For years, procurement teams have been expected to do more with less while working with the same (or even fewer) resources.
SAN FRANCISCO, CA, December 3, 2024 – Arkestro is excited to announce its partnership with the Infor Marketplace , a powerful collaboration designed to enable AI-driven procurement, sourcing, purchasing, and supply chain management transformation for enterprise manufacturing teams worldwide.
Pain Points in Procurement Series How to Build ProcurementInfluence and Why it Matters How to build procurementinfluence as a way to stay engaged with other business functions, drive value, and achieve more desirable outcomes. Hi, is that the procurement team? The problem lies with a lack of influence.
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.
Did you miss Ardent Partners’ recent webinar,Cast a Wider Net: Leveraging Innovation to Expand ProcurementsInfluence 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 (..)
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’sInfluence and Impact.
There is more to e-procurement than software! 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.
Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data. The success of the Procurement team at Utz Brands, Inc.,
We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!
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. The post Making change less scary for Procurement professionals appeared first on Spend Matters.
In our In-Depth Guide , we introduce our series which is based on the critical roles finance and procurement play in shaping an organizations financial health and operational efficiency. Without this, procurements financial impact may go unmeasured, while finance may lack visibility into supplier costs and risks.
Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Kotter’s Theory — Embracing Sustainability in Procurement Kotter’s theory of change helps companies to introduce change in the business. Then try our Sustainable Procurement Course ! Enroll now!
But once again, is Practical Procurement Utilization taking a back seat to Progressive AI Theories? That said, I thought it would be interesting to compare our respective backgrounds in the context of procurement and supply chain focus, and more specifically, the practical application of AI, Generative AI, and Agentic AI.
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. Are Coupa and Ivalua competitors?
For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what Zurich is doing with regard to sustainability in the supply chain. How did you get into procurement? What are the roles and responsibilities that the procurement function holds within your organisation?
SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students.
As a reminder, our five glide paths are focused on performance, partnerships, ESG, digitisation and resilience because (thanks to the conversations that take place in the community) we believe they are the areas that procurement has the opportunity to deliver most enterprise value.
Here is the link to everything I have written about spreadsheets in the Procurement Insights blog since 2007. So, here is the big question: Is procurement’s use of spreadsheets on the decline? Percentages are approximate, reflecting global organizations across industries, with a focus on procurement. Ivalua, GEP expanded).
Resources / Infographics / Reclaiming Opportunities with Predictive Procurement Reclaiming Opportunities with Predictive Procurement 1. 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.
THE SHORT ANSWER Procurement Insights is not a replacement for analyst firms its a complementary and sometimes disruptive mirror , helping enterprise buyers and tech vendors see past sanitized reports into what actually matters to practitioners. THE LONG ANSWER MODEL 1 Procurement Insights , founded and led by Jon W.
MODEL #1 An agent-based model (ABM) within a Metaprise framework offers several advantages over an equation-based intake and orchestration model in procurement: 1. Procurement Insights Equation-Based Models: Expanding these models often requires redefining equations and parameters, making scalability more challenging. Pitt Site 3.
Below are the oldest procurement blogs identified from the web results, ranked by their earliest documented or implied launch date, with details on their content, longevity, and relevance to procurement professionals. Content: Covers procurement technology (e.g., organizational founding, industry presence).
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.
In many industries, procurement is responsible for managing significant budgets which means it holds a key lever for business performance. From Order Fulfillment to Strategic Value Creation Partner This realization is relatively new and comes with a fundamental shift in how the role of procurement is understood.
33 Procurement Interview Questions in 2022. Procurement Fraud Statistics 2022 — 18 Key Figures. Procurement fraud statistics allow you to know how often companies still lose money through fraudulent acts in procurement in 2022. In this article, we will show you the figures regarding procurement fraud in 2022.
33 Procurement Interview Questions in 2023. Best Legal Procurement Practices for Successful Workflow. Effective procurement process management will lead to a successful procurement cycle. Here are some of the best procurement policies and procedures that will get your business on the right track. Due Diligence.
Its impact and influence are revolutionizing the Procurement automation market. According to research from Ardent… The post AI in Action Procurement: A Conversation with Agiloft appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
In this article, we will discuss what sustainability means in procurement. Additionally, we will share with you how to get a clear idea of your position within the market Once you are done reading this article, you will have a better knowledge of the role of sustainable suppliers to achieve sustainability within your procurement processes.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content