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2024 Purchasing Supply Chain Optimization 
SCMDOJO
DECEMBER 29, 2024
In the vast sea of supply chain information, which SCMDOJO supply chain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. Read In Detail About Procurement Department Here 2.
Spend Matters
OCTOBER 31, 2024
Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supply chain industry practitioners. Understanding the true cost of manufacturing parts and components around the globe, optimal manufacturing process, total landed cost from various regions is a complex task requiring highly specialized skills.
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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
SCMDOJO
DECEMBER 29, 2024
SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students.
SCMDOJO
JANUARY 9, 2025
By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations. According to a McKinsey report, firms that develop strong supplier partnerships are 35% less likely to experience significant supply disruptions.
SCMDOJO
MARCH 27, 2024
The world of supply chain management is fast-paced. For those who use a Mac as their trusted companion in 2024, the hunt ends here. Performance for Supply Chain Management Software on Mac Have you ever run sophisticated supply chain management software on Mac? However, it goes beyond mere listings.
Spend Matters
OCTOBER 21, 2024
During the week of September 23, I represented Spend Matters at the Amazon Business Reshape 2024 event in Dallas, Texas. This integration allows buyers to start purchasing on Amazon Business and punch into SAP Ariba for checkout, improving compliance and reducing rogue spend.
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SCMDOJO
APRIL 24, 2024
In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. Suppose you stay ahead of trends like AI optimization, blockchain transparency, and sustainable practices. Let’s see the most common trends in 2024.
Spend Matters
MAY 29, 2024
The first Ivalua NOW conference of 2024 took place in Versailles in March; we covered it here. Overview of Ivalua NOW Americas 2024 The event followed a similar structure to that of the EMEA Ivalua NOW conference. Hazziez illuminated how the healthcare industry optimizes its supply chain. in a saturated market.
Spend Matters
JANUARY 12, 2024
Procurement priorities will shift as budgets increase Driven by expected budget increases in 2024, procurement teams globally will make a dramatic shift in how they spend their time, placing an added emphasis on pursuing ESG goals.
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. Analytics and insights from procurement data were minimal.
Finale Inventory
JULY 18, 2024
Effective strategies can optimize inventory control and enhance overall efficiency. It also offers 15 best practices for 2024 to ensure smooth inventory management. This includes tasks such as stock monitoring, replenishment, forecasting, and maintaining optimal stock levels in warehouses or distribution centers.
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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.
SCMDOJO
JANUARY 19, 2025
We conclude that different types of loans may help e-commerce supply chains. Loans can save you everything, from funding inventory purchases to pay for innovations in common functions. Companies can take them out to upgrade their supply chain infrastructure, such as buying new sorting machines or integrating advanced software.
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.
Spend Matters
JANUARY 16, 2024
Redefining procurement in 2024: A quest from cost savings to strategic value creation Today, procurement leaders find themselves at a crossroads, torn between the age-old pursuit of cost savings and the imperative to infuse strategic value into their organizations.
Jaggaer
NOVEMBER 14, 2024
In today’s dynamic market, procurement is far more than just a buying and purchasing center. According to The Hackett Group’s 2024 CPO Agenda , cost reduction remains the top priority for Chief Procurement Officers (CPOs). Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add?
Spend Matters
JULY 10, 2024
Intake manage and orchestration During the second quarter of 2024, the Spend Matters team gave special attention to ‘ Intake and Orchestration Solutions ‘ The major highlights are described below. In this roundup of Q1, we review the Vendor Analyses and other Insider content that the team produced in the previous quarter.
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Arkestro
DECEMBER 3, 2024
SAN FRANCISCO, CA, December 3, 2024 – Arkestro is excited to announce its partnership with the Infor Marketplace , a powerful collaboration designed to enable AI-driven procurement, sourcing, purchasing, and supply chain management transformation for enterprise manufacturing teams worldwide.
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Spend Matters
MARCH 5, 2024
Today Spend Matters is delighted to announce the release of its Spring 2024 SolutionMap and TechMatch℠ procurement technology rankings, which include 79 procurement technology vendors. Our Spring 2024 SolutionMap results are testimony to how vendors are stepping up to the challenges of a volatile business environment.
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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. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.
Procurement Insights
MARCH 16, 2025
Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. If an AI-driven procurement assistant automates purchase approvals, MCP ensures that organizational policies and past approvals are considered.
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
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.
Procurement Insights
MAY 26, 2024
Under Kenny, Red Lobster also cut two of its longtime shrimp suppliers— and competitors to Thai Union — to purchase more shrimp from Thai Union at higher costs, according to Red Lobster’s bankruptcy filing. Thai Union exercised an outsized influence on the Company’s shrimp purchasing,” Red Lobster alleged in its bankruptcy filing.
Jaggaer
DECEMBER 12, 2024
enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 JAGGAER One 24.3 version of its JAGGAER One platform.
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.
Una
JANUARY 16, 2024
EPISODE 148 Optimization of Procurement in the Automotive Industry with Robert Čačković By Kelly Barner | January 17, 2024 Procurement professionals often talk about how they ‘fell’ into the field without a plan.
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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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.
Procurement Insights
MARCH 23, 2025
“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. on-time delivery rates). Ivaluas analytics).
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.
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.
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 30, 2024
Below is a rundown of the three procure-to-pay trends shaping 2024. The Definitive Guide to Procure-to-Pay Optimization Download free guide 1.Greater Looking specifically into responses for finance, supply chain, and procurement decision makers and initiatives, the survey results revealed even more.
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.
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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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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. For a more in-depth understanding of Rod Sherkin’s insights on supply chain management and procurement, you can watch his interview on Supply Chain Now.
Spend Matters
OCTOBER 22, 2024
In a recent Hackett Group report , 76% of finance executives stated that simplifying, standardizing, and automating processes is their top priority for 2024. Having reliable tools is crucial for success in a landscape influenced by supply chain disruptions, geopolitical issues and inflation.
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Finale Inventory
AUGUST 28, 2024
We also introduce Finale Inventory, a powerful tool designed to streamline your inventory management in 2024 and beyond. Optimizing lead times and order processing can lead to quicker order fulfillment and better customer satisfaction. It also includes aspects such as supplier relationships, lead times, and order processing efficiency.
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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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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.
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.
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. This will only make matters worse, as a supplier bankruptcy will disrupt your supply chain. Are we heading for a recession in 2023?
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