Procurement Insights

NOVEMBER 4, 2024

EDITOR’S NOTE: More than two decades ago, the foundational elements for successfully utilizing advanced, self-learning algorithms to optimize the procurement process using an agent-based model were well established. In the meantime, I have included a link to the 2007 Supply Chain Digest article. I hope this helps.

Supply Chain Optimization 59

Supply Chain Optimization supply chain software solutions Supply chain Data 59

Procurement Tactics

NOVEMBER 25, 2022

33 Procurement Interview Questions in 2022. The 2008 recession (also known as The Great Recession) lasted 18 months, from December 2007 to June 2009. From 2007 to 2008, the Real Median Household Income decreased by roughly 3.6%. Negotiation Course For Procurement Professionals. Download Free Whitepaper ?. ?. LEARN MORE.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

Procurement Insights

MARCH 19, 2025

podcast insights, growth stats) is qualitative or indirect, lacking granular proof like Client X reduced procurement cycle time by 30% in 6 months. Several reputable organizations have shared positive experiences with ORO’s procurement orchestration platform: Press Release Distribution+1Smart procurement workflows+1 1.

Procurement 52

Procurement Import Suppliers Sourcing 52

Procurement Insights

FEBRUARY 23, 2025

The following response from a procurement industry veteran suggests that it is more FUD or FOMO than accurate. Will 80% of all procurement roles be gone by 2035? While some experts suggest that up to 40% of jobs globally could be automated by 2035 axios.com , others project a more modest impact on procurement-specific roles.

Chief Procurement Officer 52

Chief Procurement Officer supply chain software solutions Procurement Contract 52

Procurement Insights

NOVEMBER 26, 2023

EDITOR’S NOTE: This post was originally published in the Procurement Insights blog on December 3rd, 2007 – almost 16 years ago. I t was a very ambitious project with an equally ambitious outcome – driving 21st-century procurement. So, why am I reposting it today?

supply chain software solutions 72

supply chain software solutions Supply Chain Efficiency Supply chain Real-time Visibility 72

Procurement Insights

SEPTEMBER 30, 2023

This year, I will be closing in on the 2,000th blog post on Procurement Insights dating back to May 2007. It is a pretty deep archive of the history of our industry – like counting the rings of an old tree. But we all know that quantity does not necessarily mean quality – or enduring relevance.

Supply Chain Optimization 56

Supply Chain Optimization supply chain software solutions Quantity Supply chain 56

Procurement Insights

DECEMBER 27, 2023

Before that, there needs to be a clear sourcing policy with a well-defined and understood E2E process with roles and responsibilities between procurement and relevant key stakeholders. Technology can only support the process if everybody is familiar with it.

Procurement 84

Procurement supply chain software solutions Purchasing Sourcing 84

ivalua

DECEMBER 11, 2020

As Senior Vice-President, Corporate services for BCE, André Beaulieu is responsible for an $8B procurement portfolio, one of the largest in Canada, and the Value Creation team who leads all major restructuring initiatives as well as the integration of all BCE acquisitions. Andre Beaulieu Senior Vice-President, Corporate services for BCE.

Strategy 100

Strategy Networking Procurement Management 100

ivalua

APRIL 2, 2019

Supply chain efficiency and effective strategic sourcing in support of our operations and clients are critical to achieving our objective,” said Mike Curtis, Vice President and Chief Procurement Officer at Pacific Drilling. We look forward to contributing to their Procurement cost optimization initiative”. About Ivalua.

Sourcing 28

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 28

Procurement Insights

MARCH 1, 2024

In my fall 2004 analyses of a study on the use of web-based applications, I made the following observation: It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes of all transactional stakeholders, starting at the local or regional level.

Procurement 87

Procurement Supply Chain Efficiency Buyers Quality 87

Procurement Insights

OCTOBER 27, 2023

My post yesterday on User Adoption and the Rise of the AI Chatbots sparked some interesting discussions on LinkedIn – especially regarding the impact on procurement jobs and buyer adoption or resistance. ” However, an effective talent upgrade cannot happen without buyer cooperation, leading to the question I am asking today.

Contract 75

Contract Procurement Buyers Purchasing 75

Procurement Insights

MAY 25, 2024

The 75 to 85% e-procurement initiative failure rate gives testimony to this fact. There is more to e-procurement than software! Part 1), Procurement Insights (September 12th, 2007) I wrote this blog’s first post on May 18th, 2007. – Yes, Virginia! Why Are Your Clients Successful?

supply chain software solutions 81

supply chain software solutions Supply chain Supply Procurement 81

ivalua

APRIL 1, 2020

New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere , a healthcare supply chain GPO based in St. Established in 2007, Consus is a leading procurement services provider operating across 9 countries. has gone live with Ivalua’s Source to Contract solution.

Contract 147

Contract Sourcing Supply Chain Efficiency Supply chain 147

ivalua

JANUARY 15, 2020

They will leverage Ivalua’s industry-leading Sourcing, Contract Management and Analytics functions for both direct and indirect procurement across the organisation. The implementation of Ivalua will increase efficiency, reduce manual work and help to manage growth in Laerdal’s procurement operations. Learn more at www.ivalua.com.

Spend management 133

Spend management Contract management Procurement Suppliers 133

Procurement Insights

SEPTEMBER 2, 2024

Answer today’s question, then read these two Procurement Insights posts: Dangerous Supply Chain Myths (Part 7) | Procurement Insights (July 4th, 2007) Are you chasing solutions or solving problems? Part 1 of 3) (October 23rd, 2023) Now, answer the question again? Did your answer change? Mine didn’t.

Data 52

Data Procurement Supply chain Supply 52

Procurement Insights

FEBRUARY 2, 2025

Shortly after launching the Procurement Insights blog in May 2007, I was contacted by Ariba, asking if I would like to interview them about their latest contract win in the Healthcare sector. Are you using SAP Ariba for procurement? Additionally, the support framework is perceived as not conducive to effective issue resolution.

Leadership 52

Leadership Demand Procurement Suppliers 52

Procurement Insights

FEBRUARY 25, 2024

Product Recalls Surge 11% in 2023 to Hit Seven-Year High,” I had not written a post about product recalls since August 2007. Barbie and Hot Wheels Revisited Before moving forward to 2024, let’s revisit the case study I cited in my 2007 article. Perhaps this explains why no one is writing about it.

Supply chain 87

Supply chain Import Supply Influencing 87

Procurement Insights

FEBRUARY 24, 2025

My First Procurement Insights Post on Strand Commonality (Excerpt) – Optimization Modeling and the Modern Supply Chain (A PI Q and A) by JonHansen (March 2008) Numerous studies and reports have been published on the various methods (e.g., Monte Carlo) used to determine supply chain optimization.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Import Procurement 52

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Procurement Insights

FEBRUARY 12, 2024

The 75 to 85% e-procurement initiative failure rate gives testimony to this fact.” There is more to e-procurement than software! Part 1) (September 12th, 2007) To be clear, a Practitioner-Authored Case Study does not mean that it has been written by a practitioner – although it can be. ” – Yes Virginia!

supply chain software solutions 75

supply chain software solutions Procurement Collaboration Supply chain 75

Procurement Insights

JANUARY 3, 2024

However, my 2007 series, Dangerous Supply Chain Myths, has stood the test of time. Here are my thoughts. I know I will sound like a broken record here, Mathew Schulz.

Supply Chain Efficiency 72

Supply Chain Efficiency Purchasing Procurement Supply chain 72

Procurement Insights

AUGUST 14, 2024

The procurement software landscape has witnessed significant shifts over the past few years, with private equity firms increasingly taking center stage. Such disruptions can have far-reaching consequences for a solution like Source-to-Pay, which is traditionally considered the operational lifeline for procurement departments.

Procurement 98

Procurement Vendor relationships Innovation Leadership 98

Procurement Insights

MAY 20, 2024

I call this the analyst assurance, and I will leverage my 40-plus years of high-tech procurement experience and expertise to ensure the implementation and ongoing return of a cohesive solution ecosystem. In short, my creditability as an analyst will be and is linked to your success.

Data 81

Data Procurement 81

ivalua

APRIL 1, 2020

New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere, a healthcare supply chain GPO based in St. Established in 2007, Consus is a leading procurement services provider operating across 9 countries. has gone live with Ivalua’s Source to Contract solution.

Contract 130

Contract Sourcing Supply Chain Efficiency Supply chain 130

Procurement Insights

MARCH 10, 2024

One of the many great quotes I have heard over my 40-plus years in high-tech and procurement is by Eric Hoffer: “In times of change, learners inherit the earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists.” ” (Canda Rozier, Procurement Evangelist) – Jon W.

Procurement 86

Procurement Leadership Strategy Management 86

Procurement Insights

OCTOBER 18, 2024

.” A cycle in which solution providers were given little choice but to proclaim “we are now a GenAI company” in much the same way that Ariba claimed that it was an “on-demand company” in 2007 in one of this blog’s most read posts “ The Ariba Interviews.”

Management 78

Management Demand Strategy Procurement 78

Procurement Insights

AUGUST 16, 2024

2007 – [link] “Process understanding starts and ends with the premise of centralized visibility and departmental empowerment. “It EDITOR’S NOTE: The following is my response to Laura Barrett’s very good post about SRM and centralization versus decentralization. To start, here is an excerpt of a post I wrote in Sept.

Procurement 52

Procurement Supply Chain Efficiency Management Supply chain 52

Procurement Insights

FEBRUARY 17, 2024

FIRST, SOME BACKGROUND INFORMATION In August 2007, I wrote an article titled “Procurement’s Expanding Role and the Executive of the Future.” ” The article focused on the 2006 CPO Agenda London-based panel discussion asking, “Are there any limits to procurement’s role?”

supply chain software solutions 72

supply chain software solutions Supply Contract management Supply chain 72

Procurement Insights

JULY 9, 2022

Two years ago, I posted the following question on LinkedIn: Can procurement collaborate and innovate outside of a crisis situation? The post, which garnered almost 93,000 views, stimulated one of the more interesting and energetic dialogues with which I have been involved since joining LinkedIn in 2007.

Budget 84

Budget Collaboration Contract Innovation 84

ivalua

APRIL 2, 2019

Supply chain efficiency and effective strategic sourcing in support of our operations and clients are critical to achieving our objective,” said Mike Curtis, Vice President and Chief Procurement Officer at Pacific Drilling. We look forward to contributing to their Procurement cost optimization initiative”. About Ivalua.

Sourcing 100

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

Procurement Insights

DECEMBER 15, 2023

As one of the first procurement industry bloggers, if you told me on May 18th, 2007, that in December 2023, I would still be penning my thoughts on the Procurement Insights blog, I probably would not have believed you. Here Here is the link to my very first post: Welcome to Procurement Insights. A PI Q&A) 30

Supply chain 81

Supply chain Procurement Purchasing Risk 81

Procurement Insights

OCTOBER 24, 2022

For example, the inspiration for today’s article was a LinkedIn post from Drasko Jelavic, who asked the question: Is procurement about to fall into the rabbit hole again by focusing on cost savings and digitalization? Below is my answer. A great and timely post Drasko , but what do you mean again?

Strategic sourcing 64

Strategic sourcing Strategic sourcing Buyers Procurement 64

Procurement Insights

MAY 27, 2024

For those following this blog since 2007, the above text will likely tweak a few recalls of the much-repeated words I used to describe how I developed my company’s platform in the late 1990s – early 2000s. Businesses must take an outside-in-network view and together serve the end consumer.

Real-time Visibility 81

Real-time Visibility supply chain software solutions Supply Chain Efficiency e2e 81

Procurement Heads

JULY 5, 2023

Martin Lee is Chief Procurement Officer at KPMG, and fellow member of the Sustainable Procurement Pledge. You joined Ford Motor Company back in 1995, straight from A Levels, what made you choose a career in procurement, and could you tell us about your career journey so far? Did I know what procurement was at the beginning?

Chief Procurement Officer 130

Chief Procurement Officer Sustainability Supply chain Procurement 130

Procurement Insights

JULY 31, 2023

I opened my inbox, and as I was sipping my second cup of coffee, I noted the following email (see image below): While waiting for the caffeine to kick in, three Procurement Insights posts from the past immediately came to mind. December 5th, 2007 – Microsoft Acquires SAP? (A

Procurement 52

Procurement Price Innovation Purchasing 52

Procurement Insights

DECEMBER 28, 2023

For that answer, let’s go back to a 2007 post in this blog titled “Yes, Virginia! There is more to e-procurement than software! meant that they really understood the “special needs, special rules and special challenges” associated with the procurement practice of each entity both individually and collectively. .”

supply chain software solutions 78

supply chain software solutions Supply Chain Optimization Supply chain Demand 78

Procurement Insights

NOVEMBER 19, 2023

Editor’s Note: The following response/post was inspired by another interesting LinkedIn share by Joël Collin-Demers under the heading: “Standing up a new centralized Procurement department is a tough gig.”

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Collaboration 52