Procurement Insights

OCTOBER 26, 2023

I am talking about a fully interactive, intuitive chatbot through which 90 percent of everyday procurement work can be effectively and efficiently managed. ” – Maverick Spend, Change Management, and Vendor Rationalization, Procurement Insights (2013) What is maverick spend? Back To Square One?

Change management 69

Change management Management Contract Buyers 69

Procurement Insights

NOVEMBER 23, 2023

That’s right, while there have been some improvements, the use of advanced algorithms and AI in the procurement world is nothing new. Companies invest in new technologies to solve a problem – optimize operations, reduce time or minimize costs. Note that the date of the above report is 2022, not 2005, 2007, or 2013.

Suppliers 72

Suppliers Buyers Risk management Supply Chain Optimization 72

Procurify

AUGUST 11, 2022

While dealing with the ongoing inflation, companies must navigate supply chain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. Recession planning involves cutting costs, optimizing cash flow, inventory management and foolproofing operations.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency supply chain software solutions Supply Chain Optimization 52

Supply Chain Trend

DECEMBER 13, 2016

To get some answers for S&OP practitioners, Niels van Hove founder of Supply Chain Trend, interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders. Being early in my supply chain career, I thought this should not be too bad to do.

supply chain software solutions 90

supply chain software solutions Supply Chain Efficiency Supply Chain Optimization Supply chain 90

Supply Chain Brain

JANUARY 15, 2018

Van Gundy believes the corporate landscape is different from what it was in the early 2000s and during the Great Recession of 2007-2008. So even those who say they will invest the money wisely might be unable to fully follow through on their plans. The mindset has changed a little bit,” he says.

Consumer demands 40

Consumer demands Demand Inventory Risk 40

Procurement Insights

DECEMBER 26, 2023

For anyone following this blog since its first post in May 2007, this will sound like a “broken record” – the key to successful digital transformation is to use an agent-based versus equation-based model. The Debate Continues – (Procurement Insights – Oct. of the time.”

Leadership 72

Leadership Supply Chain Optimization Inventory Procurement 72

Procurement Insights

FEBRUARY 22, 2025

ProcureTech Investments: Market Growth: The procurement software market was valued at $8.65 thebusinessresearchcompany.com Adoption Rates: A significant majority (83%) of Chief Procurement Officers have prioritized digitizing their procurement processes, underscoring the growing emphasis on ProcureTech solutions.

Chief Procurement Officer 83

Chief Procurement Officer supply chain software solutions Supply Chain Optimization Influencing 83

Procurement Insights

MARCH 12, 2025

“What is most interesting about Zycus tremendous growth rate is that it is indicative of the evolution (some would even suggest fruition) of a trend first presented in a Procurement Insights post from August 31, 2007.Titled Scope : Broad and systemic, designed to improve entire procurement processes (e.g.,

Supply Chain Efficiency 52

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

Procurement Insights

JANUARY 8, 2025

EDITOR’S NOTE: In 2007, I wrote what is still one of the most popular posts on this blog: “ The Ariba Interviews: Re-engineering the Future ofOn-Demand. If you want to read everything I have written about Ariba over the past 18 years, you can access the Procurement Insights archive through the following link: [link].

supply chain budgeting 52

supply chain budgeting supply chain software solutions Networking Supply Chain Optimization 52