Procurement Insights

JANUARY 3, 2025

2011 eWorld Video THE EVOLUTION OF THE CFO VIEW Between 2011 and 2024 , CFOs’ views of procurement have evolved significantly, reflecting changes in the business environment, technology, and organizational priorities. CFOs began to see procurement as critical to business continuity and organizational agility.

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Let's Talk Supply Chain

MARCH 17, 2025

ITS Logistics is one of North America’s fastest-growing, asset-based modern 3PLs, providing solutions for the industrys most complicated supply chain challenges. Using a holistic approach, he combines technology, supply chain expertise, and leadership skills to ensure sustained growth and profitability.

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Jaggaer

FEBRUARY 28, 2025

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. This could include optimizing specifications, reducing waste, or exploring product substitution.

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SCMDOJO

JANUARY 19, 2025

We conclude that different types of loans may help e-commerce supply chains. Grown from the concept of the e-commerce supply chain – end-to-end process from product sourcing through delivery, it has become the determining factor in a business advantage. Here, we get another central point, the capital.

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Let's Talk Supply Chain

FEBRUARY 13, 2025

In a fast-paced world where supply chain disruptions, generative AI innovations, and trade tariffs constantly shape the global economy, staying informed is vital. Hosted by Sarah Barnes Humphrey, the founder of Let’s Talk Supply Chain, the video promises an insightful discussion with special guest Audrey Ross.

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SCMDOJO

JULY 7, 2023

However, this initial success was soon overshadowed by a series of setbacks and challenges that Rivian had to navigate through mainly related to supply chain and production. The production setbacks experienced by Rivian had a direct impact on its reputation and supply chain.

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Spend Matters

DECEMBER 11, 2023

Operational efficiency, AI advancements and socially-conscious spending will be key business drivers Coupa has a core philosophy of “none of us is as smart as all of us” and it’s with this spirit that our insights for 2024 are written. using supply chain digital twins to optimize supply chain networks for carbon takeout).

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Spend Matters

JANUARY 17, 2024

From planning a product, design and simulation, to optimizing a specific process across the supply chain, customer expectations for AI integration continue to evolve as new applications for supply chain automation are discovered.

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Finale Inventory

AUGUST 28, 2024

Running a small business comes with its fair share of challenges, and 2024 has been no exception. This year, supply chain disruptions have posed significant obstacles for small business owners. Two main factors have played a major role in disrupting supply chains worldwide: global events and the pandemic.

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Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

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Spend Matters

DECEMBER 21, 2023

Procurement needs to think AI-first in 2024 and beyond The generative AI wave of 2023 truly brought us into the AI economy, with companies realizing how advances in AI have the potential to transform key processes and workflows that underpin how they operate and generate value.

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Arkestro

MARCH 20, 2025

As supply chains and procurement grow increasingly complex in the face of global challenges, the Executive Advisory Board serves to ensure Arkestro remains strategically positioned and innovative in an evolving market. . billionin revenue.

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Arkestro

FEBRUARY 26, 2025

This agreement was reached after a rigorous evaluation and fast implementation process, delivering tens of millions of material dollar value, driving a measurable impact on earnings per sharethrough hard savings and transformational improvement in performance and operational agility across multiple priority commodity types.

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Una

APRIL 23, 2024

How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. Machine learning, a subset of AI, has emerged as a game-changer in the world of supply chain management.

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Let's Talk Supply Chain

DECEMBER 24, 2023

This week, I was joined by good friend of the show, and VP and Supply Chain Strategist at Sleep Number Corporation, Ashley Yentz. Ashley and I sat down to talk about some of the ways organizations can level up, create visibility, achieve agility and drive sustainability in the supply chain.

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NLPA (Next Level Purchasing Association)

DECEMBER 11, 2024

If theres one thing weve learned in 2024, its that effective procurement strategies can make all the difference in a teams success. Here are five procurement strategies from 2024 that will help you start the new year strong. Many teams found themselves bogged down by outdated processes in 2024.

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Spend Matters

OCTOBER 4, 2024

Many were centered around AI, for example, in supplier search, Zip AI now surfaces contracted (preferred) suppliers to help users to more quickly identify optimal suppliers (which may not really be optimal, but likely better than having to inadvertently go maverick and waste precious resources in sourcing, qualification, etc.).

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Arkestro

MARCH 5, 2025

This appointment underscores our dedication to leadership in AI-driven procurement technology and our commitment to helping enterprises unlock trapped savings, mitigate supply chain risk and drive greater, faster efficiencies. We are honored to have them join the team and we look forward to advancing the industry together.”

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Let's Talk Supply Chain

FEBRUARY 18, 2025

In the YouTube video titled “Gender Diversity, 2024 Trends & Cheese stuck at Customs? ”, Sarah Barnes Humphrey delves into a range of intriguing topics within the realm of supply chain management. Join us as we analyze the key points raised in this thought-provoking discussion.

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Finale Inventory

JULY 15, 2024

In this article, we will examine the concept, benefits, potential challenges, and future trends of JIT inventory in the context of ecommerce in 2024. These include: Tight Supply Chain Integration: Close collaboration and communication between suppliers, manufacturers, and retailers are essential for successful JIT inventory implementation.

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Pipefy

JANUARY 30, 2024

Because procure-to-pay teams lacking business agility, internal resources, or adequate tools are hungry for solutions that can help them streamline operations, increase strategic influence, gain spend control, innovate sourcing streams, improve efficiency, and increase time for more “high-value” work. billion by 2028.

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Arkestro

JANUARY 9, 2024

Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. So what’s in store for 2024? Sustainable bidding. Sustainable packaging.

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Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

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Finale Inventory

JULY 17, 2024

As we look forward to 2024, it’s important to stay updated on the latest trends and options available in the market. This article covers the top 10 manufacturing ERP software options for 2024, focusing on their features, comparisons, and how to select the right software for your business.

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Jaggaer

OCTOBER 3, 2024

It starts with spend analysis to provide a detailed cost breakdown, providing the information for competitive tendering via auctions using our Sourcing and Advanced Sourcing Optimizer modules, and aggregating spend where it makes sense for better leverage in negotiations. First, organizations need to get full supply chain visibility.

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Finale Inventory

JULY 18, 2024

This guide offers a comprehensive look at EDI and its impact on ecommerce in 2024. It allows for the smooth integration of data , enabling businesses to automate their processes and optimize their operations. With EDI, businesses can transmit and receive electronic documents such as purchase orders, invoices, and shipping notices.

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Pipefy

JANUARY 9, 2024

Smart procurement is the use of technology to improve efficiency and help build more agile procurement processes. Smart procurement is the use of advanced technology, such as AI, automation , and RPA to optimize procurement processes and relieve professionals from monotonous tasks in order to achieve greater efficiency.

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Jaggaer

OCTOBER 10, 2024

The best solu tion will be the one that is optimally adapted to the company’s culture and strikes a balance between the constraints of the supplier market and the relationships between key internal stakeholders. These will change , so flexibility is a must (see point 10).

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Spend Matters

DECEMBER 19, 2023

With another busy year of procurement and supply chain events tidily packed away behind us, Spend Matters is pleased to provide a round-up of the main events we attended in 2023, with a short recap of each and key takeaways. He then went on to discuss the huge impact of tech on the supply chain industry.

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Finale Inventory

JULY 17, 2024

This article covers the importance of retail KPIs, breaks down the main metrics to track, discusses the future of KPIs in 2024, and provides insights into implementing and optimizing KPI tracking in the ecommerce sector. These metrics provide insights into customer behavior, sales effectiveness, and revenue growth potential.

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Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. A recent survey of procurement and supply chain leaders found that 32% of procurement teams admitted to cutting corners with their sourcing criteria and suppliers to secure supply. Now both teams are faced with an agility and flexibility crisis.

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Finale Inventory

FEBRUARY 27, 2024

Without knowing current locations, item types available, end dates, and other critical product information, you miss out on opportunities to streamline and optimize your warehouse and fulfillment processes. External factors such as inflation or supply chain delays aren’t the only reason you need a flexible outlook.

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TYA Suite

JULY 17, 2024

This blog explores the integration of both approaches to build an effective procurement strategy for 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.

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IBM Supply Chain Blog

SEPTEMBER 19, 2023

Specifically, generative AI would transform customer care, IT and network optimization and digital labor—all areas in which automation can notably help increase agility and efficiency. to train, validate, tune and deploy AI and machine learning capabilities to help optimize network performance.

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Empowering CPO

FEBRUARY 1, 2024

In this in-depth exploration, we’ll delve into the core principles that define the ultimate guide to strategic sourcing in 2024, with a particular focus on strategic sourcing services , Procurement outsourcing solutions, and sustainable procurement.

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IBM Supply Chain Blog

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization.

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Jaggaer

JULY 10, 2024

SINGAPORE, July 10, 2024 /PRNewswire/ — JAGGAER, the global leader in Autonomous Commerce, has announced the expansion of their Amplify Partner Program in the APAC region with the addition of BearingPoint to their existing BearingPoint partnerships in EMEA and Americas.

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