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Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurementteams to move from reactive to proactive decision-making.
Procurement is at a crossroads. Supplychains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurementteams must sift through is overwhelming. Smaller teams, in particular, feel the squeeze and struggle to balance compliance, efficiency and innovation.
With Christmas and January sales approaching, procurementteams are well into peak season. On the one hand, supplychain weaknesses are open to risk, and even the smallest challenges are magnified. For many FMCG procurementteams, these risks are linked to inaccurate forecasting.
Procurement and supplychain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
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 procurementteams back pockets. In short, AI is making manufacturing procurement faster, smarter and more resilient than ever.
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supplychains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supplychainvisibility and monitoring solutions a top priority.
In today’s dynamic, complex market, where procurement’s objectives continue to grow, data is the fuel for success. In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supplychainvisibility–and the changes that need to be made.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychainvisibility.
Procurement has the once-in-a-lifetime opportunity to evolve into a strategic powerhouse. Likewise, you could have a progressive organization who values and understands the contribution procurement could make. But then you blow this by futzing around trying to be a cheapskate and running procurement ops in ERP.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. ProcurementTeams Step-up. When Covid-19 hit, supplychains across the globe nearly came to a halt.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supplychain variables. . View Webinar Replay.
This leap in AI capabilities is revolutionizing industries, and AI-driven supplychain management is no exception. The Role of Agentic AI in SupplyChainsSupplychains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.
For the short-term, a shift to local production alleviated reliance on Asian suppliers and helped mitigate risk, but a longer-term solution will require identifying opportunities to optimize costs, find alternative suppliers and enhance supplychainvisibility. Enter eProcurement. Opportunity Awaits.
Subscribe to SupplyChain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is Committed.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important?
Subscribe to SupplyChain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Lack of Visibility Beyond Tier 1.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.
The article mentions the ways through which Shopify integration with CRM software can improve supplychainvisibility, customer experience, and operational flexibility. This real-time visibility translates into faster issue resolution, enhanced forecasting, and vendor coordination. Check out this course by Vera Rozanova!
Enhancing collaboration pays off, both by increasing transparency with suppliers and improving the bottom line through multi-tier supplychainvisibility. The Role of Communication in SupplyChain Collaboration Communication puts collaboration in motion.
Resources / Blog / 5 Chilling Challenges Facing Procurement Today 5 Chilling Challenges Facing Procurement Today From uncovering hidden supplychain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full. Read on if you dare. The chilling result?
Chatbots in Procurement: Now and the Future Explore how chatbots in procurement have begun to reshape the industry and the exciting possibilities that come along with this technology. You’ve probably interacted with several chatbots as an online customer, but have you ever used a procurement chatbot to make your job easier?
A generic approach to training is not the solution to the increasing range of challenges facing procurementteams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. For instance – improved communication skills or legal contract knowledge.
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. Table of Contents What is P2P in Procurement?
” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for Chief Procurement Officers in 2025?” What are the Top 3 concerns for Chief Procurement Officers in 2025? What are the Top 3 concerns for Chief Procurement Officers in 2023?
Lack of core technical skills is stifling procurement and supplychainteams in the race to Industry 4.0 Lack of core technical skills is stifling procurement and supplychainteams in the race to Industry 4.0
was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supplychain of designers and contractors to deliver billions of pounds worth of contracts. As a public funded project, supplychain transparency is critical. Develop the supplychain.
SupplyShift takes a look at three ways that supplychain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices.
SupplyShift takes a look at three ways that supplychain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices. Sub-tier Supplier Visibility.
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. What is P2P in Procurement? What is P2P in procurement?
Digital procurement tools for manufacturing companies are finally flourishing. While procurement technology for indirect spend continues to flourish, we’re now also seeing a new wave of great tech platforms for direct spend and component parts. 11 Great Procurement Tools for Manufacturing Companies How did we arrive at this list?
Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supplychain complexity. Every business has the opportunity to implement a procurement solution that promotes better overall spend management while working cohesively with other procurement strategies.
US procurement startups are killing it. It’s no surprise that in the home of big tech, Silicon Valley and seemingly endless VC investors, there’s a thriving and diverse procurement tech ecosystem. Let’s have a look at the who’s who in the American procurement startup space. Hot diggity dawg!
All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. Homegrown solutions can take you far in life, but the future of procurement excellence is reliant upon a transformation of procurement strategy. Better work tools = better work.
All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. Homegrown solutions can take you far in life, but the future of procurement excellence is reliant upon a transformation of procurement strategy. Better work tools = better work.
The preliminary run uses the RAM 4-Model Assessment tool to access the Procurement Insights proprietary archives and many cross-reference sources using my AI for AI platform. Government & Public Sector Why: Public accountability, regulatory mandates, and complex procurement. The above is one such request. Rank Industry Certa.ai
Supplychain agility can be improved with the use of supplychainvisibility software. Supplychainvisibility is now table stakes for companies that care about improving agility.?Given Previously, logistics professionals could only rely on past experience and hunches to make decisions.
In early 2021, the Association for SupplyChain Management (ASCM) gave the Economist Intelligence Unit (EIU) permission to dig deeper with a report into companies and their end-to-end supplychainvisibility— The Resilient SupplyChain Benchmark.
In early 2021, the Association for SupplyChain Management (ASCM) gave the Economist Intelligence Unit (EIU) permission to dig deeper with a report into companies and their end-to-end supplychainvisibility— The Resilient SupplyChain Benchmark. Thinking Forward. .
Procurement professionals of all types face a challenging and dynamic work environment. The pandemic and resulting supplychain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. What Are the Biggest Procurement Challenges in Health and Pharma?
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