Procurement Insights

DECEMBER 11, 2024

Data-Driven Decision Making** : The utilization of big data and analytics will be central to procurement strategies. Real-time data will inform sourcing decisions, risk management, and supplier relationships, leading to more informed and agile procurement functions.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

ivalua

JULY 3, 2025

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Together, these procurement strategies are essential for robust, efficient business operations.

supply chain budgeting 130

supply chain budgeting Procurement e2e Agile and Lean Supply Chain 130

Spend Matters

APRIL 15, 2025

In this article we will highlight some of the key changes AI has made to procurement strategies in the following industries: manufacturing and industrials, life sciences and healthcare, and the public sector. For a more in-depth exploration of AI in Procurement, read the AI Leadership Guide for Procurement.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

Supply Chain Game Changer

JULY 24, 2025

In today’s varying and dynamic business environment, sourcing and procurement have matured from approaches to securing inventory to becoming important arbiters of strategic advantage. Cost Management and Financial Performance These functions directly influence business success through cost management.

Sourcing 59

Sourcing Supplier relationship management Procurement Agile and Lean Supply Chain 59

Let's Talk Supply Chain

APRIL 28, 2025

Gathered around a table laden with insights and expertise, industry leaders recently convened at the institute for Supply Management to delve into the latest hot topics shaping the world of supply chain management.From procurement strategies to risk mitigation, the roundtable discussion was a lively exchange of ideas and perspectives.

Supply Chain Efficiency 52

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

ivalua

MAY 10, 2025

Key Components of Procurement Technology for Enterprises Procurement leaders are finding that their legacy systems are insufficient as they face mounting pressure to scale globally, enforce compliance, and drive strategic value. Ready to future-proof your procurement strategy?

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Procurement 130

TYA Suite

OCTOBER 27, 2024

Procurement management software offers robust analytics and reporting features that provide insights into procurement activities, vendor performance, and spending patterns. This data-driven approach helps businesses make strategic decisions and improve their procurement strategies.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Insights

APRIL 4, 2025

Below is a ranking from highest to lowest focus on procurement and supply chain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. While supply chain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Procurement 52

HICX

JUNE 9, 2025

These may include processes related to: Supplier evaluation Supplier onboarding Performance tracking, Supplier risk management Contract analysis By automating repetitive tasks and analyzing large datasets, AI improves efficiency, reduces errors, and enhances decision-making. What is the use of AI in supply chain management?

Suppliers 40

Suppliers Supply Chain Efficiency Real-time Visibility Management 40

SCMDOJO

FEBRUARY 26, 2025

How to Use CPI in Supply Chain Management Although CPI is widely used in project management, its principles can be effectively applied to supply chain performance measurement. Below are some key areas where CPI can improve supply chain efficiency: 1. The research paper by Winanda et.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

TYA Suite

MAY 23, 2025

Greater transparency helps avoid stockouts, delays, or other disruptions and promotes more effective risk management. Challenges solved by vendor collaboration software One of the most significant challenges in supply chain management is poor communication between businesses and their suppliers.

supply chain software solutions 40

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 40

Procurement Insights

APRIL 8, 2025

In procurement, EBMs offer: – Structured Approach: EBMs provide a systematic and structured approach to modeling procurement processes, which can be beneficial for strategic planning.

Supply Chain Optimization 81

Supply Chain Optimization Procurement Supply Chain Efficiency Agile and Lean Supply Chain 81

ivalua

MAY 28, 2025

We’re continually looking for ways to “Innovate to Elevate” as Procurement strategies undergo a significant transformation–requiring organizations to prioritize resilience while staying agile and adaptable in an ever-changing business landscape.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Innovation Supply Chain Efficiency Chief Procurement Officer 130

SCMDOJO

MARCH 12, 2025

Introduction Negotiation is at the heart of supply chain management. Enhances Flexibility: Allows supply chain managers to adapt to market fluctuations and disruptions. In order to mitigate this risk, one may use compromise as a stepping stone to more sustainable procurement strategies.

Negotiation 52

Negotiation Supply Chain Efficiency Supply chain Strategy 52

TYA Suite

MAY 23, 2025

Real-time data helps leadership make better decisions and continuously improve procurement strategies. Custom reports can be generated for audits, management reviews, and forecasting. Your procurement system will need to synchronize with your ERP, finance platforms, and supply chain management tools.

Real-time Visibility 40

Real-time Visibility Procurement Supply Chain Efficiency e2e 40

Jaggaer

APRIL 9, 2025

In todays highly competitive market, where there is an expectation of rapid delivery, every link in the supply chain is critically important to ensure that products are manufactured efficiently, and waste is minimized. This recognizes the interconnected nature of procurement, production, logistics, and distribution.

Agile and Lean Supply Chain 52

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

Planergy

MARCH 12, 2025

How better management in AP can give you better flexibility for cash flow management. Simpler Logistics and Supply Chain Management With operations overseas, you run the risk of becoming too reliant on global supply chains. Benefits of Reshoring Challenges of Reshoring What is Nearshoring?

Agile and Lean Supply Chain 52

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

TYA Suite

APRIL 13, 2025

By optimizing procurement strategies, companies can ensure theyre making cost-effective decisions, resulting in significant long-term savings. SAP Ariba is a cloud-based procurement solution that helps businesses manage their entire procurement process efficiently.

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

ProcurePort

MARCH 16, 2021

A procurement strategy is made up of a myriad of components, processes, and systems. In broad scope, procurement is essentially an organization-wide effort. From accounting and finance to inventory, to production and internal operations; procurement affects every aspect of a company across the board.

Supply chain management 130

Supply chain management Supply chain management Supply chain Procurement 130

ProcurePort

MAY 5, 2022

• What is procurement strategy? Procurement is a hinge operation in most organizations. Done right, it greatly facilitates cost mitigation, improves risk and supply chain management, and expedites sourcing. • But what is procurement […]. . • But what is procurement […].

Procurement strategies 130

Procurement strategies Strategy Procurement Supply chain management 130

Supply Chain Game Changer

MARCH 5, 2020

Subscribe to Supply Chain Game Changer. The Disintermediation of the Supply Chain! Questions that keep Supply Chain Managers up at night article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. Subscribe Here! Email Address.

Supply chain management 108

Supply chain management Supply chain management Supply chain Management 108

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. Fortunately, there are numerous courses available to help you develop your expertise in supply chain management, regardless of your level of experience.

Supply chain management 116

Supply chain management Supply chain management supply chain software solutions Supply chain 116

Spend Matters

JULY 25, 2022

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers , Source to Pay , Spend Management , Supply Management , Technology Tags: PRO I attended Coupa’s annual Inspire conference this year and was excited to finally attend a large event rather than just small meetings with clients and colleagues.

Spend management 98

Spend management Supply chain management Supply chain management Supply Chain Optimization 98

Procurement Tactics

MAY 23, 2023

Thus, allowing you to mitigate its effects on your supply chain. The bullwhip effect is a phenomenon that occurs in supply chain management where small fluctuations in demand can result in large variations in supply chain activities, such as inventory levels, production schedules, and transportation.

supply chain software solutions 212

supply chain software solutions Supply chain Supply Inventory 212

Procurement Tactics

MAY 22, 2023

Thus, this will enable you to implement it in your supply chain. Integrated logistics, also known as integrated supply chain management, refers to the coordinated and seamless management of all the activities involved in the movement and storage of goods and materials. What is Integrated Logistics?

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Procurement Tactics

NOVEMBER 14, 2022

However, what is the retail supply chain? This article will discuss what a retail supply chain is. We will also tackle retail supply chain management and its importance. Once you finish reading this article, you will have a deeper understanding of the retail supply chain.

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

Procurement Tactics

JUNE 19, 2023

Traditionally, to take on a role in procurement, you need a Bachelor’s degree or master’s degree in a field such as purchasing management or supply chain management. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Procurement 201

Procurement supply chain software solutions Procurement strategies Collaboration 201

Procurement Tactics

APRIL 23, 2023

Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. CERTIFICATE COURSES Related courses about this subject 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2.

Sustainability 177

Sustainability Suppliers Chief Procurement Officer Supply Chain Efficiency 177

Procurement Tactics

JUNE 8, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

Procurement Tactics

JUNE 19, 2023

AI in logistics refers to the use of AI-powered solutions to optimize supply chain management, improve decision-making and enhance customer experience. The use of AI in logistics is becoming an essential element of supply chain management as the industry becomes more complex as it is.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Supply Chain Optimization 193

Procurement Tactics

DECEMBER 7, 2022

For this article, we will tackle what a financial supply chain is. We will tell you how it works and how you can manage it. Additionally, we will discuss the three processes of financial supply chain management. After reading this article, you will be able to grasp fully what a financial supply chain is.

Supply Chain Efficiency 181

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 181

Supply Chain Game Changer

SEPTEMBER 25, 2019

But defining and refining your Procurement strategy is no easy task. That’s why companies rely on experts like executive Jean-Louis Moreau, who has a storied career of setting Procurement strategy for large-scale organizations. Procurement Executive Jean-Louis Moreau. Hey Procurement!

Procurement strategies 59

Procurement strategies Strategy Procurement Cost of ownership 59

Future Purchasing

JANUARY 11, 2022

2021 saw a massive amount of challenge for procurement teams; supply chain management challenges, political changes, trade barriers, COVID related staff shortages in all areas, blocked ports and working from home have thrown it all up into the air. Related case study – Procurement strategy and skills building.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain software solutions 52

Procurement Templates

JUNE 18, 2023

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. He has implemented innovative procurement strategies to secure sustainable and cost-effective supply chains for Tesla and SpaceX.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

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

Spend Matters

JULY 17, 2022

We have explored where sustainability fits into the Procurement agenda, and how Procurement can embed sustainability into its processes, which has led to an exploration of how spend analytics can be applied to help an organization fulfil its sustainability goals.

Spend management 97

Spend management Sustainability Procurement strategies Management 97

Spend Matters

JANUARY 10, 2023

Categories: Best Practice , Commentary , Procurement Strategy & Planning Tags: EU , Insights Series For several years now, Spend Matters has been collecting and publishing a series of articles about predictions and insights in procurement, supply and services trends for the year ahead from expert tech and service providers in the market.

Procurement solutions 98

Procurement solutions Procurement Procurement strategies Supply chain management 98