TYA Suite

NOVEMBER 15, 2024

In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains. First, it allows companies to identify bottlenecks within the supply chain quickly.

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Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

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Spend Matters

MARCH 11, 2025

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains. This consolidation aimed to make supply chains more resilient.

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Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 71

Procurement Insights

MARCH 16, 2025

Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.

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Spend Matters

OCTOBER 1, 2024

This content does not express the views or opinions of Spend Matters Given the persistent economic uncertainty and inflation-induced price increases, reducing purchasing costs remains a priority for most procurement stakeholders in 2024, followed by ensuring supply continuity and combating rising prices.

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Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. Dairy.com**: Offers technology services and intelligence platforms tailored to the dairy industry, focusing on supply chain optimization.

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Spend Matters

DECEMBER 28, 2023

As generative AI and other disruptive technologies continue to accelerate in 2024, embracing digital transformation in the procurement space will be imperative for success. Inflation, a complex and constrained supply chain, and threats of recession all impacted how procurement processes played out externally. Customer 3: 4.3

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Una

APRIL 9, 2024

How to (Actually) Transform Your Business with Group Purchasing Learn how to transform your business with group purchasing and add an average of 18-22% savings per category to your bottom line. By Mackenzie Oakley | April 9, 2024 Search Search Back in 2020, I refinanced my mortgage. I also like a good deal. in savings ?

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Una

APRIL 18, 2023

Economists have issued warnings ranging from a “ soft landing” with low growth to a prolonged “ deep recession” that will stretch well into 2024. A recession means businesses of every size are staring into the abyss of reduced revenue, weakened profitability, and strangled cash flow.

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Arkestro

OCTOBER 3, 2024

Press Releases / Spend Matters Lists Arkestro as Top Sourcing Tech Solution in the Fall 2024 SolutionMap Insider Release Spend Matters Lists Arkestro as Top Sourcing Tech Solution in the Fall 2024 SolutionMap Insider Release Arkestro Predictive Procurement Orchestration AI platform is one of 93 procurement technology vendors recognized.

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Arkestro

OCTOBER 3, 2024

Press Releases / Spend Matters Lists Arkestro as Top Sourcing Tech Solution in the Fall 2024 SolutionMap Insider Release Spend Matters Lists Arkestro as Top Sourcing Tech Solution in the Fall 2024 SolutionMap Insider Release Arkestro Predictive Procurement Orchestration AI platform is one of 93 procurement technology vendors recognized.

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Pipefy

DECEMBER 18, 2023

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Here are our five trends and predictions driving procurement in 2024. This means a solution that: Maintains oversight of purchasing patterns overalls.

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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. That’s where procurement, sourcing, and purchasing technology comes in. Learn about six solutions that can be applied in 2024, why you should apply them, and how to get started.

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Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Finale Inventory

JULY 16, 2024

Effective management of your inventory can lead to increased efficiency, reduced costs, and improved customer satisfaction. This article will cover 17 effective strategies for inventory management in 2024 that are specifically tailored to the needs of ecommerce businesses.

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Barkers Procurement

JANUARY 29, 2024

2024 Contract Negotiation Guide. In procurement, you have to negotiate the contracts to get the best deal for your organisation; however, this is going to be much harder in 2024. Then find below our 2024 Contract Negotiation Guide. But we don’t live in a perfect world. Do you have a contract to negotiate for your project?

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Spend Matters

NOVEMBER 2, 2023

As they stated: “SAP will also embed Joule, its new generative AI copilot, throughout its cloud enterprise portfolio, with availability in SAP spend management solutions planned for 2024. SAP is also developing additional use cases in collaboration with customers with availability planned for the first half of 2024.”

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Arkestro

AUGUST 22, 2023

Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain Food and beverage procurement professionals have had their work cut out for them during the last few years.

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Finale Inventory

FEBRUARY 27, 2024

It’s also a cushion against supply chain disruptions, which is why many retailers bumped up inventory after the shakeup in global supply and demand caused by the pandemic. But too much safety stock generates excess inventory costs, which include not just the product price, but also insurance and warehousing expenses.

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Strategic Sourceror

DECEMBER 16, 2022

According to the analysis of Turner & Townsend, a global real estate and infrastructure consultancy, residential building materials as a whole are expected to cost 7% more in 2023 than they did this year, Supply Chain Dive reported. They're also poised to climb again in 2024, but to a smaller degree, up 2.7%.

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Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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Una

APRIL 15, 2024

By Hugo Britt | April 16, 2024 Search Search Part of your job as a procurement professional is to ensure a stable and reliable supply chain. These risks include: Disrupted Supply Chain: Financial instability can lead to production delays, shortages, or even a complete halt in the supply of critical goods and services.

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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. Relies on manual processes for sourcing, negotiation, and Focuses on cost reduction through competitive bidding and bulk purchasing. Limited use of technology and digital tools in procurement operations.

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Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Arkestro

NOVEMBER 14, 2023

Getting a Thanksgiving dinner from farm to table is an intricately complex affair for food and beverage procurement teams, with supply chain shortages, inflation, and rising food costs affecting consumer decisions all playing a part. Most Thanksgiving food purchases will be made the week prior to and the week of Thanksgiving.

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SCMDOJO

APRIL 15, 2024

Pharmacy: Amazon Pharmacy – Online service for purchasing prescription medications with home delivery. Business Solutions: Amazon Business – Marketplace offering tailored products and tools for businesses, including bulk purchasing and business pricing. Billion US Dollars), followed by Europe and potentially Asia.

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IBM Supply Chain Blog

FEBRUARY 6, 2024

AliPay also introduced its “Smile to Pay” facial recognition application on mobile devices in 2017, which allows customers to make purchases by posing in front of point-of-sale machines. Increasing the use of cash does not reduce cost or friction in the economy. in 2023-2024. The reasoning for the D.C.

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Una

JANUARY 17, 2024

The Basics of Group Purchasing Learn how Una can help turn your sourcing function into a hub for value creation for business leaders and procurement professionals alike. By Hugo Britt | January 18, 2024 Search Search Ready to ditch the old-school procurement playbook and dive into the exciting world of value creation?

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Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

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Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization. What are procurement tools?

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Barkers Procurement

DECEMBER 5, 2024

After a period of significant growth in recent years, Sunbelt had begun to experience a variety of operational challenges in support of their new footprint and scale, including how best to manage its highly complex supply-chain.

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supply chain software solutions e2e Purchase orders Supply Chain Efficiency 52

Pipefy

JULY 29, 2024

Intelligent document processing (IDP) culls information from an ocean of unstructured material, such as lists, ledgers, purchase orders, handwritten notes, invoices, and other forms. Cost savings AI serves to reduce operational costs in several important ways. AI can also be trained to reclaim valuable legacy data.

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IBM Supply Chain Blog

APRIL 25, 2024

Done correctly, this process also contains critical activities that can significantly reduce costs and satisfy a business’ key metrics for success. And, in of 2024, brand awareness means little without trust. Does the brand make it convenient to do business with them post purchase?

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Procurement Insights

FEBRUARY 26, 2025

Hansens concept of “Velocity Procurement” is a modern evolution of his earlier work in supply chain and procurement optimization, reflecting his decades of experience streamlining processes for organizations like the Canadian Department of National Defence and the New York City Transit Authority.

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Procurement Insights

APRIL 2, 2025

Here is an excerpt from the following October 2024 Procurement Insights post: How Many Solution Providers Choose The Right Clients? million in fiscal year 2024, has compelling reasons to improve its direct and indirect procurement processes and practices. million net loss in 2024 (down from $52.1 million cost of sales.

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