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I asked Chat GPT about Procurement Leadership and I have to say the response is good! Elon Musk (Tesla, SpaceX): While primarily known for his involvement in the electric vehicle and space exploration industries, Elon Musk has demonstrated strong procurement leadership. Who are the procurement leaders?
Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Resources: Online courses on strategic sourcing (e.g.,
Procurement Sourcing Overview: Procurement sourcing is finding and choosing suppliers to get things an organization needs. Importance and Strategies: Good procurement sourcing saves money, ensures quality, reduces risk, and allows for innovation. appeared first on ProcurePort Blog.
Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.
a snack food company, came from how they intentionally targeted key strategic initiatives under Senior Vice President and Head of Procurement Ron Schnurs leadership. The leadership team was on board from the beginning but he still had to execute his recommendations in an orderly and intentional manner to deliver the results.
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Savings can be cashable or non cashable i.e. cost avoidance.
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. How Has Strategic Sourcing Evolved?
.” Procurement Leaders community advisor, Tim Burt, caught up with Colombo to discuss the importance of responsible sourcing, the central importance of procurement performance to support dsm firmenich’s growth journey, and why he still sees the function as the proving ground for top talent.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!
Automation within the source-to-pay (S2P) cycle from sourcing to payment is redefining how businesses handle suppliers, contracts, quotes, and payments. What is Source-to-Pay (S2P)? Before we talk about making it smarter, its worth reviewing what the source-to-pay journey actually covers. Procurement automation.
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. Learn how he succeeded.
AI is the game-changer that allows procurement professionals to escape the cycle of transactional work and focus on what really moves the needle: strategic sourcing, supplier collaboration, and advanced analytics. For a more in-depth exploration of AI in Procurement, check out this AI Leadership Guide for Procurement.
Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals. About Consus. About Ivalua.
Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing. As you scale, how secure is your solution offering?
EPISODE 115 Building a Legacy of Leadership with Retired Lt. Oakland McCulloch By Kelly Barner | May 17, 2023 Leadership is easy to talk about, but hard to do. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Oakland McCulloch. Oak is a Retired Lieutenant Colonel in the U.S.
The AI Leadership Guide for Procurement breaks down AI adoption into three tiers quick wins, mid-level optimizations, high-impact transformations to help pinpoint the right starting place and position you for long-term success. For more insights into how you can create value with AI, check out the AI Leadership Guide for Procurement.
Kaleida’s fully inclusive platform is a golden source of data. Jason Roberts , CEO and Founder of Kaleida , said, “Driving successful supplier diversity initiatives requires leadership and partnership. “I
He has spent about 20 years in supply chain and procurement, was involved in the sourcing of sustainable cocoa and confection for Unilever’s Ice cream brands and procured premium packaging and chemicals for Unilever’s Beauty and Wellbeing business. Risk mitigation requires strategic thought and conscious choices on sourcing.
Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation. His work is theoretical, focusing on adaptive systems to predict supplier risks or optimize sourcing. Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation.
Critical Perspective : Leadership stability drives innovation, but SAP Aribas corporate structure may limit agility compared to smaller firms like Tealbook or ORO Labs. Lalitha Rajagopalan s 20+ years at SAP Ariba and leadership in ORO Labs AI workflows align her with ProcureTech Solution Development, complementing Bhojwanis role.
You can connect with Vishal on Linkedin You May Also Like Source to Pay (S2P) What is Source to Pay Best Practice? An Analysis by Ivalua Read More : What is Source to Pay Best Practice? Ivalua Spend Management Insights [ivory-search] Get Ready for Success!
Low adoption rates: Technologies like e-sourcing have been available for years, yet adoption among companies sits at around 60%-70%. Success depends on leadership alignment, effective communication and empowering teams to embrace the transformation journey. It is as much about people and culture as it is about technology.
Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.
A frequent thought leadership contributor for the Ivalua Blog, Jarrod has worked across multiple industries, including higher education, public sector, retail, manufacturing, and engineered products.
The independent study surveyed 233 senior procurement executives from leading manufacturing companies in the US and UK about their strategic plans for optimizing sourcing and supply chain processes. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supply chain.
This shift has pushed supply chain leadership to pivot from reactive management to proactive strategy built on data. Analytics-driven leadership encourages cross-functional collaboration. Human Leadership in a Data-Driven Ecosystem While algorithms offer precision, the strategic lens still belongs to humans.
Although many companies are taking a leadership position, accelerating the successful adoption and implementation of a diversity program greatly benefits from regulatory support and agency partnerships. As new sources of data arise, our integration toolkit allows these sources to be integrated into the platform quickly and easily.
Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. However, leading health systems are changing this by building internal supply chain expertise and leadership and investing in fit for purpose technology to enable supply chain excellence.
A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Core Competencies in the Procurement Framework Sourcing Involves identifying and evaluating the best suppliers to secure high-quality goods and services.
In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.
Think of it as the centralized hub that simplifies engagement and empowers decision making for whatever it is youre seeking to address in the Source-to-Pay lifecycle. Here’s how: Unified access to data: Raindrop aggregates information from various sources, providing decision makers with a single source of truth.
RAND Corporations 2024 research estimated that over 80% of AI projects fail, citing misalignment between leadership and technical teams. Based on the scope and industry, McKinsey and other sources often report AI failure rates between 70% and 85%. Gartner has been quoted (e.g.,
Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. This way, if one supplier is impacted by a disruption, you can source goods from another supplier. Create speed and transparency.
The President and CEO of the Sourcing Industry Group (SIG) , Dawn Tiura, on need for leadership in uncertain times, including what is needed from leaders to help their people and organizations adapt and thrive both in the current COVID-19 crisis and beyond.
Leader in procurement technology expands its team appointing Pascal dArc as new Chief Strategy Officer RESEARCH TRIANGLE, NC, April 3rd, 2025 JAGGAER, a global leader in Source-to-Pay and Supplier Collaboration, today announces the appointment of Pascal dArc to Chief Strategy Officer. declared Andy Hovancik, CEO at JAGGAER.
Competitive advantage is what sets your business apart from competitors and can take various forms, including cost leadership, differentiation, focus, innovation, and service excellence.
Jon Lawrence joins the team to lead development of solutions that solve emerging market challenges RESEARCH TRIANGLE, NC, March 24, 2025 JAGGAER, a global leader in Source-to-Pay and Supplier Collaboration, today announces the appointment of Jon Lawrence as Chief Product Officer.
In Episode 73, host Sheri Hinish delves into bestseller, "From Source to Sold” and offers an inside look at the real-world experiences and valuable lessons of supply chain experts, industry leaders, and disruptive innovators.
Internally, procurement teams must collaborate closely with finance, IT, legal and operational leadership, each with distinct priorities and decision-making authority. Identifying key stakeholders Procurement operates within a complex ecosystem where multiple internal and external stakeholders hold different levels of influence.
The Dawn of Integrated Source-to-Pay Suites The release of Gartner’s first integrated Source-to-Pay (S2P) Magic Quadrant marks a pivotal moment in procurement technology. While vendors like Coupa and Ivalua retain their leadership in this new landscape, there is a tangible slide in their position within the quadrant.
I really enjoyed those projects and that led me to more and more projects focused on procurement and then into the procurement and sourcing focussed consulting practices and then into the role that I am in now within industry. The two key functional areas are strategic sourcing and category management. How big is the function?
Title: Breaking Barriers: Women in Supply Chain and the Path to leadership Introduction: In the dynamic world of supply chain management, the role of women and thier journey to leadership positions is a topic that is gaining increasing attention.
In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Ian Arthurs. In this role, he is applying his two decades worth of experience with digital platform leadership to solve global sustainability problems by addressing illiquid markets. More from The Sourcing Hero. Ian Arthurs on LinkedIn. Share on Social.
2 Procurement Leaders (World Procurement Congress) Procurement Leaders ranks high due to its strategic focus on procurement leadership and best practices, targeting CPOs and senior executives. Details : The Sourcing Industry Group (SIG) organizes this summit, offering sessions on innovative processes and approaches to procurement challenges.
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