Procurement Insights

APRIL 14, 2025

This approach has encouraged procurement professionals to focus on solving underlying problems through comprehensive analysis and stakeholder engagement, leading to more sustainable and effective procurement solutions. Key Features of Hansen’s Agent-Based Model 1.

Supply Chain Efficiency

Supply Chain Game Changer

JULY 5, 2025

How CRM Can Help Supply Chain Companies! If you are in the manufacturing industry, managing your supply chain is crucial for success. In this blog post, we will discuss why having a CRM system in place is necessary for successful supply chain management within the manufacturing sector. What is a CRM?

Supply Chain Efficiency

Procurement Insights

APRIL 9, 2025

Impact : Eliminates miscommunication and delays, improving stakeholder satisfaction and implementation success. Predictive Risk Mitigation Challenge : Reactive risk management leads to costly supply chain failures. Impact : Lowers supply chain disruption risks by 3040% , ensuring smoother implementations.

Supply Chain Efficiency

Procurement Insights

MAY 21, 2025

Budget Constraints Dynamic Cost Optimization: Autonomous agents analyze spend patterns, negotiate with suppliers in real-time, and reroute logistics during disruptions (e.g., Heres how it tackles each challenge: 1. tariffs, port strikes), reducing costs by 2030% (DND case study). mismatched orders). next-day delivery (vs.

supply chain budgeting

Spend Matters

APRIL 30, 2025

In a landscape shaped by inflation, supply chain fragility, regulatory pressure and digital transformation, orchestration is more than a buzzword. Fragmented systems, siloed processes and disconnected stakeholder experiences erode procurements ability to deliver value. This fragmentation is not just operational; it is strategic.

Suppliers

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

Procurement Insights

JUNE 14, 2025

Ecosystem-Wide Coordination: The framework connects ERPs, suppliers, logistics, and finance into a unified workflow, allowing AI and humans to collaborate seamlessly across organizational boundaries for collective optimization. balancing demand spikes across suppliers or responding to tariffs).

Supply Chain Optimization

Let's Talk Supply Chain

MAY 19, 2025

Lyle will be sharing his journey as one of the co-founders of ProcurementIQ, and Anthony will be giving his perspective on why, after many years in the industry, he decided to go to school for supply chain. Its making it much harder to plan and strategize for de-risking supply chains.

Purchasing

Procurement Insights

JUNE 12, 2025

Dangerous Supply Chain Myths (Part 7) Are you chasing solutions or solving problems? Analysis of Expertise Jon Hansen: Hansen is the originator of the Metaprise concept, agent-based modeling, and strand commonality, first introduced in 1998 during his DND procurement optimization work. Their supply chain expertise (e.g.,

Sourcing

Procurement Insights

APRIL 7, 2025

MODEL #1 The term Metaprise refers to an evolved enterprise model that integrates advanced technologies like artificial intelligence (AI), big data, and automation to digitize and optimize a company’s profit model comprehensively. Limited to optimizing internal processes, not external collaboration. Heres why: 1.

Real-time Visibility

Supply Chain Game Changer

JULY 20, 2025

They help quickly understand trends and engage stakeholders, increasing project involvement among interested parties. By utilizing powerful statistical analysis tools and predictive behavioral modeling frameworks, businesses can enhance their ability to optimize company-wide operations.

Management

Procurement Tactics

SEPTEMBER 14, 2022

Sustainable logistics , also known as green logistics, refers to the processes and practices aimed at improving the sustainability of supply chain activities. These activities range from the supply of raw materials to the distribution and the management of the lifecycle of products. . Stakeholders engagement.

Sustainability

Procurement Templates

MARCH 3, 2024

Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Stakeholders may include department heads, end-users, finance teams, and others who will be impacted by the procurement decisions.

Strategic sourcing

The Good Spending

AUGUST 23, 2022

Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. Moderation.

Procurement

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.

Category management

IBM Supply Chain Blog

DECEMBER 13, 2023

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. Stakeholder engagement is key to ensure the strategy is well-planned and supported throughout the organization.

Procurement strategies

Barkers Procurement

MAY 22, 2024

At Barkers our ESG Health Check concentrates on the activity within your supply chain. Assessing your supply chain performance is strategically important for your organisation as studies show that the majority (80%) of emissions and ESG risk lies in a business’ supply chain.

supply chain budgeting

Una

NOVEMBER 29, 2023

This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency

World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Stakeholders : Procurement involves multiple internal stakeholders across the organization. How can procurement help achieve those aims through better supplier relationships and spending optimization?

Strategic sourcing

IBM Supply Chain Blog

AUGUST 2, 2023

An observability solution offers valuable insights to multiple stakeholders engaged in software development and operations, with benefits that extend to developers, operations teams, product managers and even business stakeholders. We’ve made improvements based on those metrics, and to this day, continue to do so.”

Real-time Visibility

TYA Suite

JULY 17, 2024

Utilizes data analytics and market intelligence to optimize category performance and mitigate risks. Incorporates digital procurement strategies to track and report sustainability metrics across the supply chain. Effective execution demands robust project management, stakeholder engagement, and change management practices.

Procurement strategies

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Some of the key benefits include: 1. Develop a Comprehensive Procurement Strategy A.

Procurement

Empowering CPO

JUNE 26, 2023

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. Coordinating and optimizing this intricate network can be challenging, leading to inefficiencies and higher costs. Introduction A.

supply chain budgeting

Empowering CPO

JUNE 27, 2023

Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes. Process Optimization: Redesigning procurement processes to eliminate inefficiencies, minimize manual interventions, and enhance collaboration among stakeholders.

Real-time Visibility

IBM Supply Chain Blog

NOVEMBER 30, 2023

A talent acquisition strategy is a comprehensive plan an organization develops to optimize its talent acquisition—the identification, attraction and retention of the right talent. Streamline the application process: Minimize the number of steps required and optimizing the application platform for user-friendliness.

Strategy

TYA Suite

NOVEMBER 25, 2024

This approach involves analyzing the entire supply chain to ensure that products are sourced, produced, and disposed of in ways that are ethical and eco-friendly. For instance, investing in sustainable that focus on reducing waste and optimizing resource use can lead to lower disposal costs and decreased energy bills.

Sustainability

Spend Matters

OCTOBER 4, 2024

This last requirement may be rather technical, but the enabled capabilities allow for earlier, deeper and tailored stakeholder engagement to provide better experience/satisfaction, adoption — which, ironically, is a characteristic that Coupa has continually held as the North Star — spend compliance and influence on pre-sourced spend.

Sustainability

SCMDOJO

JANUARY 15, 2025

Embarking on a supply chain career offers exciting opportunities, but success requires understanding the diverse roles and specializations within the field. Mid-Level Opportunities Mid-level roles, like supply chain analysts and procurement specialists, involve process evaluation, supplier negotiations, and team supervision.

Supply Chain Efficiency

Procurement Insights

APRIL 8, 2025

1999 – I introduced the Metaprise model (RAM) 2007 – In Dangerous Supply Chain Myths (Part7) , I write about the Metaprise in greater detail, including the results of its implementation in a production environment (Department of National Defence). JAGGAER Industry-specific solutions leveraging AI for supplier collaboration.

Supply Chain Efficiency