Procurement Insights

MAY 14, 2025

Analyst Backgrounds Analyst Primary Focus Pieter den Hamer AI strategy, maturity models, governance, and enterprise-scale AI roadmaps. Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation. Ramos: Emphasizes Generative AI for practical applications (e.g.,

Supply Chain Optimization 72

Supply Chain Optimization Contract Supplier relationship management Procurement strategies 72

Skill Dynamics

JULY 19, 2024

Let’s take a look at how you can develop and implement your procurement strategy roadmap from start to finish and address key challenges you may face along the way, as well as save costs and mitigate risk. And sustainability is just one trend forcing a shift in procurement patterns.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

Jaggaer

MARCH 24, 2025

These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

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

Procurement Insights

MAY 13, 2025

While both have incredibly impressive credentials regarding AI, besides Pieter’s reference to supply chain optimization as one of the many areas he has focused on, it would be safe to say that both primarily view the procurement function from a purely outside-in AI perspective. Den Hamer and Leinar Ramos.

Procurement 72

Procurement Supply Chain Optimization Leadership Real-time Visibility 72

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

A well-defined procurement strategy is the key to optimizing your procurement process. This strategy builds strategic partnerships, mitigates risks, and ensures a smooth flow of goods and services. This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

Procurement Tactics

MAY 30, 2023

Their primary responsibilities include negotiating with suppliers to obtain favorable terms and prices, ensuring the quality and timely delivery of goods and services, and managing the procurement process from start to finish. Procurement managers are professionals who have a crucial role in the success of an organization.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Spend Matters

JUNE 2, 2025

The following sections explore how shared KPIs can be monitored to support financial reporting and budgeting, measure procurements impact through supplier performance, compliance and cost savings and optimize alignment efforts through tracking best practices. Category-based budgeting should align with corporate financial strategies.

Sustainability 68

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 68

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. A well-structured system ensures compliance, reduces risk, and fosters strong supplier relationships, ultimately enhancing departmental operations.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Supply chain Suppliers 52

Spend Matters

MARCH 16, 2023

An S2P suite automates spend/supply management processes primarily in procurement, accounts payable and inbound supply chain management, but also other areas within Legal (e.g., contract management), Finance (e.g, working capital management, treasury and FP&A), R&D (e.g.,

Supply Chain Optimization 97

Supply Chain Optimization Sourcing supply chain software solutions Procurement strategies 97

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. This allows for the identification and implementation of measures to mitigate any delays or obstacles in the supply chain by organizations.

Supply Chain Efficiency 178

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

Skill Dynamics

JANUARY 14, 2025

They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff. A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

Spend Matters

JUNE 2, 2025

Error rate in procurement-finance data integration. Drive cost management and operational efficiency: CFOs are optimizing cost structures and reducing inefficiencies to balance profitability amidst inflationary pressures and rising costs. Automated workflows in procurement processes (%).

Strategy 68

Strategy Procurement supply chain budgeting Supply Chain Efficiency 68

Procurement Tactics

OCTOBER 18, 2022

Additionally, it allows managers to build better relationships with suppliers based on the importance of each supplier. . SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

SCMDOJO

SEPTEMBER 19, 2024

At a time when businesses are evolving at a rapid pace, the significance of supply chain management continues to grow, becoming an essential part of operations for companies around the globe. Two platforms that stand out in this field are SCMDOJO academy and Coursera supply chain courses , among many others.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply chain management 98

NLPA (Next Level Purchasing Association)

DECEMBER 11, 2024

If theres one thing weve learned in 2024, its that effective procurement strategies can make all the difference in a teams success. Whether its about navigating complex supplier relationships, managing costs, or preparing for unpredictable challenges, procurement leaders have shown that adaptability and innovation are key.

Procurement strategies 52

Procurement strategies Agile and Lean Supply Chain Strategy Procurement 52

Procurement Templates

JUNE 18, 2023

Here are a few well-known procurement leaders as of 2021: Tim Cook (Apple Inc.): Tim Cook has been instrumental in overseeing the company’s global supply chain and procurement operations. His expertise in managing complex supply networks has played a crucial role in Apple’s success.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

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

TYA Suite

MAY 23, 2025

Managing a successful supply chain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Supplier collaboration is essential for optimizing supply chain performance and achieving long-term business success.

supply chain software solutions 40

supply chain software solutions Collaboration Supply Chain Efficiency Suppliers 40

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

OCTOBER 13, 2022

Before we tackle what strategic sourcing managers are, we must first know strategic sourcing to fully grasp their role in the company. . Strategic sourcing is a part of the supply chain and puts an emphasis on customized solutions and strategic partnerships. Skills Necessary to be a Strategic Sourcing Manager.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Insights

MAY 10, 2025

His Proprietary Historic Industry Archives include decades of case studies, articles, and insights, such as the Nokia-Ericsson supply chain risk study or his work with the Department of National Defence (DND) on indirect materials procurement. Benefit: $15,000/year in efficiency gains.

Procurement 52

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

SCMDOJO

DECEMBER 11, 2023

By providing comprehensive insights into procurement activities, these reports empower decision-makers to make informed and strategic choices. Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Skill Dynamics

OCTOBER 19, 2023

Fine-tuning your procurement team’s capabilities enables them to meet the exact needs of their roles in your organization. This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. This approach also helps with overall team development.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

TYA Suite

OCTOBER 27, 2024

This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers. is a comprehensive solution designed to automate and optimize the. lowers errors and cuts down on manual work, which saves money.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Planergy

MAY 8, 2025

4] Automated Supplier Management is the New Standard: From onboarding to performance monitoring, automation tools are improving accuracy, compliance, and vendor relationships while easing the administrative burden. [5] 7] This proactive approach supports continuity and reduces the impact of supply chain disruptions.

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

Procurement Templates

MARCH 3, 2024

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Spend Matters

OCTOBER 19, 2023

We are pleased to announce that the recognized Future 5 providers are: akirolabs — Founded by procurement veterans, akirolabs is a Berlin-based digital solution that helps transform procurement from a tactical function to a value orchestrator. Its founders have extensive supply chain and enterprise technology experience.

Supply Chain Optimization 112

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 112

Una

MAY 25, 2023

Only then will they begin to implement the right strategies to mitigate it's impact to the organization. How to identify procurement risks There’s no one-size-fits-all approach to procurement risk management. Risks vary dramatically in nature, so your response will need to be tailored to suit every scenario.

Purchasing 96

Purchasing Risk Management Procurement 96

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Now, anyone can follow the full journey of a shrimp through the supply chain. Read our solution brief to get started.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Spend Matters

JANUARY 16, 2024

Here, spend analytics, e-sourcing and tail spend management have emerged, not just as business tools but also as catalysts of change, sculpting a new narrative in the source-to-pay domain. The strategic use of spend analytics transforms procurement from a reactive cost center to a proactive value driver.

Procurement solutions 103

Procurement solutions Procurement Spend management Supply Chain Optimization 103

Skill Dynamics

OCTOBER 19, 2023

Numerous platforms and needs, on top of a multi-tiered supply chain, have made origin tracing even more challenging. Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. As a result, training on how to navigate these complexities is a must.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Procurement Templates

APRIL 15, 2024

Managers with advanced degrees or specialized training may employ different strategies and best practices compared to those without formal education in procurement or supply chain management. Stakeholder input, expectations, and feedback can influence procurement strategies and decisions.

Influencing 130

Influencing Negotiation Risk Innovation 130

Spend Matters

JULY 10, 2024

Procure-to-Pay Penny ‘s P2P solution focuses mainly on the Middle East, aligning with regional priorities like a procurement strategy that revolves around PR/demand-based sourcing, to cover the procurement journey from purchase requisition to payments.

Procurement 116

Procurement Management Contract Sourcing 116

EazyStock

JANUARY 18, 2019

Are you interested in expanding your knowledge on the latest trends and technologies within the supply chain industry? EazyStock has complied a new list of the top 2019 Supply Chain events that you can’t afford to miss. ProMat is where manufacturing and supply chain professionals come to find their supply chain WOW.

Supply Chain Optimization 53

Supply Chain Optimization Supply Chain Efficiency Logistics Supply chain 53

Una

APRIL 13, 2023

Procurement experts often invoke the 80/20 rule (otherwise known as the Pareto Principle), which states that 80% of the value in your supply chain will come from only 20% of your suppliers. These vendors are now a part of your Supplier Relationship Management program. Contact us to learn more. Contact us to learn more.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 107

Category management Management Supplier relationship management supply chain software solutions 107