SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.

Strategic sourcing 96

Strategic sourcing Strategic sourcing Sourcing Procurement 96

Spend Matters

APRIL 10, 2025

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.

Supply Chain Efficiency 106

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 106

Spend Matters

APRIL 17, 2025

Artificial intelligence use in procurement isnt a distant dream its here, reshaping how procurement professionals work. Level 1: The quick wins Low-effort, high-impact AI The easiest way to introduce AI into procurement is through automation eliminating repetitive tasks and boosting efficiency with minimal effort.

Strategy 97

Strategy Real-time Visibility Procurement Procurement team 97

Spend Matters

FEBRUARY 13, 2025

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. ,

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

Spend Matters

MAY 1, 2025

We continue our Procurement Transformation Guide with a look at implementing an e-procurement transformation. Procurement has moved beyond a transactional function. Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies.

Real-time Visibility 75

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 75

Spend Matters

MARCH 25, 2025

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.

Stakeholder engagement 96

Stakeholder engagement Management Procurement Influencing 96

ProcurePort

MAY 27, 2020

Determining how much total money spent in the last year, identifying vendors and managing their relationships, and listing out the various categories of products and services purchased are daunting tasks to any procurement team. The post Your 5-Step Procurement Spend Analysis Template appeared first on ProcurePort Blog.

Procurement 254

Procurement Procurement team Purchasing Management 254

SCMDOJO

OCTOBER 28, 2024

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.

Procurement 91

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 91

Spend Matters

NOVEMBER 25, 2024

In this Spend Matters Vendor Analysis we provide an overview of SpendHQ and its solution for spend analytics and procurement performance management. Spend analytics is crucial for procurement teams as it provides valuable insights into the organization’s spending patterns, supplier performance and potential cost-saving opportunities.

Procurement team 120

Procurement team Market analysis Strategic sourcing Strategic sourcing 120

Spend Matters

FEBRUARY 4, 2025

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.

Procurement 105

Procurement Purchasing Negotiation Buying process 105

Spend Matters

FEBRUARY 26, 2025

The Spend Matters team attended the SOVRA Summit on February 19, and let us tell you that getting downtown in sub-zero weather in Chicago is a summit in itself. Despite the cold weather, the room was filled with passionate public procurement practitioners and suppliers who were eager to chat and learn.

Procurement 119

Procurement Bidding Contract management Data 119

Spend Matters

OCTOBER 31, 2024

A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. According to one procurement leader we spoke to, all that changed around 2020. That statement couldn’t be less true today.

Risk management 117

Risk management Risk Import Real-time Visibility 117

ivalua

JANUARY 8, 2023

What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. By Jan-Hendrik Sohn. Being banned from public tenders for up to three years .

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Spend Matters

JANUARY 7, 2025

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.

supply chain software solutions 117

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 117

Spend Matters

MAY 13, 2025

Yet within many procurement functions, a fundamental question persists: Are we truly prepared to lead in this AI-powered future? As businesses evolve and expect more strategic value from procurement, the function must also evolve, not only in its tools and technology but also in its mindset and strategic role.

Real-time Visibility 68

Real-time Visibility Procurement Procurement team Strategic sourcing 68

Spend Matters

APRIL 15, 2025

As weve said: People, Process and Technology are the pillars of procurement transformation. So a large part of accelerating your procurement transformation process lies in strengthening roles and responsibilities. In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions.

Procurement 101

Procurement Category management Chief Procurement Officer Risk management 101

Procurement Heads

NOVEMBER 14, 2022

All your well-made plans will be changed as you imbed yourself into the company projects and requirements so it is good to keep the following in mind – Comprehend The Business, Understanding The Procurement Structure and Strategise For The Future. Procurement roles are all about stakeholder management. Comprehend the business.

Procurement 245

Procurement Procurement team Budget Import 245

Procurement Templates

FEBRUARY 13, 2024

Happy Valentines day, here is some procurement satire for February the 14th! Lack of Emotional Sensitivity: Procurement departments are typically focused on logistics, cost-effectiveness, and efficiency, which may not align with the emotional nuances and sentimentality of Valentine’s Day.

Procurement 264

Procurement Procurement team Budget Negotiation 264

RPF360

NOVEMBER 3, 2022

Does your procurement team take requests? Listening to and serving stakeholders is a big part of creating a successful procurement team. Fortunately, a procurement request form makes it easy for stakeholders to initiate a project and engage with procurement. Learn more here.

Procurement 195

Procurement Procurement team Management 195

Skill Dynamics

JANUARY 14, 2025

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.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

ABC of Procurement

NOVEMBER 22, 2024

However, I rarely find remote procurement teams. The post Remote work in Procurement first appeared on ABC of Procurement. We live in an era of Remote work. Is there a real reason for it?

Procurement 147

Procurement Procurement team 147

Procurement Tactics

NOVEMBER 23, 2022

33 Procurement Interview Questions in 2022. Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know. However, what is its impact on procurement? . In this article, we will discuss what corporate social responsibility and sustainable procurement are.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

RPF360

AUGUST 25, 2022

How do you measure the success of your procurement team? Procurement KPIs quantify, capture and report the efficiency and effectiveness of the department. The post Procurement KPIs: How to quantify value and measure success appeared first on RFP360. By establishing key performance indicators.

Procurement 201

Procurement Procurement team Suppliers 201

Supply Chain Dive

JANUARY 16, 2025

The ocean carrier used Craft's supply chain intelligence platform to help navigate last fall's East and Gulf Coast port strike.

Procurement team 139

Procurement team Suppliers Supply chain Procurement 139

Procurement Insights

JANUARY 27, 2025

In a previous post , I wrote the following: “With increasing frequency, procurement executives have told me that their successful ProcureTech implementations with smaller, longstanding solution providers are being replaced by more prominent, e.g., bigger providers like SAP Ariba and Workday.

Import 78

Import Procurement Procurement team Data 78

Spend Matters

APRIL 15, 2025

Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets. In short, AI is making manufacturing procurement faster, smarter and more resilient than ever.

Real-time Visibility 72

Real-time Visibility Procurement e2e Supply Chain Efficiency 72

Procurement Leaders

JUNE 20, 2023

Every year, Procurement Leaders’ research team explores category planning for the next 12 months. There is a vigorous debate in the world of procurement about the speed at which we transform categories. These areas of spend have historically resisted procurement influence. This time, we are looking at maturity.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Procurement Tactics

NOVEMBER 27, 2022

33 Procurement Interview Questions in 2022. Green Procurement — Everything A Procurement Professional Should Know. Green procurement is becoming a thing nowadays. Many companies are now starting to implement green procurement in their operations. In this article, you will learn what green procurement is.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Spend Matters

FEBRUARY 18, 2025

Procurement professionals understand the need for a digital transformation, but they do not necessarily understand what a digital transformation involves. Procurement clearly feels the need for embracing the digital. This leads to partial success at best and failure at worst.

Procurement 87

Procurement Purchasing Suppliers Procurement team 87

ivalua

JUNE 26, 2023

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.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Supply Chain Brain

OCTOBER 8, 2024

DPW predicts that 2025 will see a concerted drive towards a digital revolution in procurement, signaling a shift from operational technologies to more strategic, relationship-driven solutions.

Procurement team 115

Procurement team Procurement 115

Spend Matters

APRIL 16, 2025

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Exploring the world of procurement tech in Q1 Spend Matters Insider coverage in Q1 included more than just our staple Vendor Analyses. The success of the Procurement team at Utz Brands, Inc.,

Procurement 101

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 101

Procurement Software

MARCH 16, 2025

Digital procurement tools offer both immediate benefits and long-term returns. Below are ten areas where digital procurement can deliver almost immediate improvements. Better Data One of the biggest advantages of digitising your procurement operations is improved data quality.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Spend Matters

JANUARY 8, 2025

As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources. This Spend Matters Vendor Analysis provides an overview of Zip and its solution for intake, orchestration and source to pay (S2P).

Market analysis 113

Market analysis Procurement team Sourcing Buyers 113

Planergy

MAY 8, 2025

4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. 4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms.

Strategy 52

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

Spend Matters

MARCH 6, 2025

In a world increasingly driven by the rapid developments within Artificial Intelligence (AI), procurement has the potential for enormous leverage using cutting-edge technology to become a powerhouse for generating efficiency, expanding margins, reducing risk and delivering solutions which the human mind is unable to see.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Stakeholder engagement 75