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.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

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.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Jaggaer

FEBRUARY 28, 2025

Generating More Value: The Relentless Pursuit of Spend Cost Reduction For the second year running, reducing supplier spend remains a top priority for procurement organizations in this years Hackett Group Report. This involves analyzing spend data, identifying for consolidation, and negotiating better contracts with key suppliers.

Agile and Lean Supply Chain 52

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

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. Let’s see the most common trends in 2024. As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts.

Supply Chain Efficiency 90

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 90

TYA Suite

NOVEMBER 15, 2024

In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. Each participant in the procurement process—whether they are suppliers, buyers, or logistics providers—has access to this shared ledger. This level of visibility is invaluable for several reasons.

Supply Chain Efficiency 40

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

Procurement Insights

APRIL 1, 2025

sourcing, supplier management, invoicing). AdaptOne for supplier onboarding, GEP for strategic sourcing) rather than purchasing a comprehensive S2P suite with unused features (e.g., Impact: Ensures 95-100% usage by adapting to real-time requirements, avoiding static S2P features that lag (e.g., Smart Cube + Jaggaer vs.

e2e 52

e2e Real-time Visibility Sourcing Strategic sourcing 52

Spend Matters

OCTOBER 17, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. It was about time for a software solution that automatically identifies cost saving potentials — the key KPI — to procurement organizations. ” What does it mean to be named a Future 5?

Buyers 110

Buyers Real-time Visibility Sustainability Data 110

Spend Matters

OCTOBER 4, 2024

As Spend Matters analysts we attended a mini analyst summit which helped free up time for us to talk to fellow attendees during the day’s event. TPRM is a huge opportunity right now, as document-centric approaches die when they reach the scale needed to perform supplier management (i.e.,

Sustainability 112

Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

Procurement Leaders

JANUARY 8, 2024

The results of the transformation were profound: a 50% reduction in the number of days to delivery, as well as much tighter financial controls and supplier visibility in a sector where “because it’s a matter of life and death, speed is of the essence”.

Real-time Visibility 130

Real-time Visibility Procurement Inventory Suppliers 130

Procurement Insights

APRIL 3, 2025

Emphasizes cross-industry collaboration , with themes like AI, sustainability, and supplier diversity. Global Reach, Real Impact Participants and speakers come from over 50 countries. Startup Acceleration & Visibility Provides a springboard for companies like Cirtuo, DeepStream, Archlet, Kodiak Hub , and ORO Labs.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Finale Inventory

AUGUST 28, 2024

Running a small business comes with its fair share of challenges, and 2024 has been no exception. From global events to the ongoing impacts of the pandemic, these challenges have forced businesses to adapt and find new strategies to navigate through uncertain times.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 52

Jaggaer

FEBRUARY 28, 2025

2024 was widely reported as the most elected year in modern history with voters going to the polls in more than sixty countries. However, public sector employees must work with commercially astute teams from suppliers, sometimes in limited or financially challenged markets, who have duties to their shareholders.

Procurement 52

Procurement Real-time Visibility Data Contract 52

Spend Matters

MAY 8, 2023

The intention is that by creating a user-centric collaboration layer between buyers and suppliers on top of the Coupa platform and infrastructure, the solution will streamline and enhance collaboration while decreasing operational business risks. Coupa is not releasing all of the above at the same time.

Spend management 102

Spend management Management Real-time Visibility Collaboration 102

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. Competitor analysis.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Finale Inventory

JULY 18, 2024

This guide offers a comprehensive look at EDI and its impact on ecommerce in 2024. For example, EDI allows for real-time inventory updates , providing accurate product availability information for online shoppers. One such system that has transformed the way businesses exchange data is Electronic Data Interchange, or EDI.

Data 52

Data Real-time Visibility Supply Chain Efficiency supply chain software solutions 52

Una

FEBRUARY 19, 2024

Why Do We Need Supply Chain Visibility? Supply chain visibility is a critical factor for organizations aiming to mitigate risks, optimize processes, and capitalize on opportunities. But why does achieving comprehensive visibility remain a pressing challenge for so many businesses? Why is visibility so important?

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility Supply Chain Optimization Supply chain 52

Finale Inventory

JULY 15, 2024

One inventory management strategy that has gained significant popularity is Just in Time (JIT) inventory. In this article, we will examine the concept, benefits, potential challenges, and future trends of JIT inventory in the context of ecommerce in 2024.

Inventory 52

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

Jaggaer

APRIL 3, 2025

A July 2024 Gartner survey also found that 72% of procurement leaders are focusing on incorporating generative AI, anticipating a shift towards strategic decision-making and innovation. We can add sustainability, ESG and supplier diversity to the growing list of broadened responsibilities.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52

Finale Inventory

AUGUST 28, 2024

This article discusses the importance of efficient inventory management, its role in ecommerce, and the main challenges that come with it. We also introduce Finale Inventory, a powerful tool designed to streamline your inventory management in 2024 and beyond. Overcoming these challenges requires robust systems and tools.

Inventory 52

Inventory Management Real-time Visibility Order Fulfillment 52

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Supplier performance management.

Agile and Lean Supply Chain 52

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. Imagine you run an online clothing store.

Inventory 52

Inventory Strategy Management Real-time Visibility 52

Procurement Software

MAY 14, 2024

By embracing a strategic approach to procurement, you can streamline operations, mitigate risks, and foster stronger supplier relationships. At the same time, an effective intake process ensures that end users are able to self-serve for their more transactional buying needs.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Jaggaer

OCTOBER 24, 2024

9 Steps to Improving Supplier Collaboration for Competitive Advantage The strategic value of suppliers has been growing, and so has the need to rely on their performance and partnership. Supplier collaboration serves as the foundation for supply continuity, agility, risk management, and resilience when disruptions occur.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

Procurement Heads

JULY 19, 2023

Our Coupa Supplier Portal is now running 55% of our group spend and by the summer it will be up to 75%, that is three part – source to contract, information model and the procure to pay. We have an amazing analytics dashboard, which gives us visibility on spend and suppliers’ contract duration, supplying really important insight.

Real-time Visibility 130

Real-time Visibility Import Procurement Sustainability 130

Procurement Software

OCTOBER 1, 2024

Yes, there was some sourcing and supplier management involved as part of the team’s activity. We’re in 2024, and procurement teams are still getting trapped in administrative work and firefighting. These applications usually also have shorter implementation times, and therefore, faster ROI. Fast forward 25 years.

Procurement 52

Procurement Procurement team Real-time Visibility Influencing 52

Supply Chain Game Changer

JANUARY 7, 2021

No matter the niche, the customer today expects both products and services to be delivered real quick and tailored to unique requirements. Blockchain-enabled supply chains have better record-keeping and real-time product tracking. According to research by CISION , by 2024, AI-led SCM market will reach $1.3

Supply Chain Efficiency 84

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 84

Finale Inventory

FEBRUARY 27, 2024

Scanning a label takes a fraction of the time needed to jot down even the briefest of details – and items are immediately visible in your online system with full product details available. Cycle counting is the practice of counting a rotating subset of your inventory on a regular, frequent basis. Consider domestic suppliers.

Inventory 52

Inventory Management Real-time Visibility e2e 52

SCMDOJO

JULY 7, 2023

Late changes to the design of the vehicles, such as the headlights, caused disruptions in the supplier base and necessitated costly tooling changes. These supply chain issues not only delayed production further but also strained relationships with suppliers.

Supply Chain Efficiency 105

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 105

Procurement Leaders

JUNE 1, 2022

Excluded from planning meetings and strategic decisions, and with a team lacking the knowledge and relationships to drive real change, procurement was extremely decentralised, in control of just 30% of global spending and focused mostly on tactical, transactional activities.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Pipefy

MAY 29, 2024

Insufficient training /lack of support is another common reason some change initiatives fail, often stemming from a lack of resources like funds, personnel, and time to effectively implement the change. Time to Adoption Time-to-adoption measures the time needed to achieve the desired business outcome once a change has been implemented.

Change management 52

Change management Management Real-time Visibility Stakeholder engagement 52

Procurement Insights

AUGUST 14, 2024

Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Comprehensive Supplier Network 2. Supply Chain Visibility and Risk Management 3. Here’s why: 1.

Real-time Visibility 49

Real-time Visibility Supply Chain Visibility Supply Chain Efficiency Supply Chain Optimization 49

Una

JUNE 5, 2024

By Hugo Britt | June 6, 2024 Search Search There are choppy seas ahead. It’s not just about having a backup supplier or two – it’s about building an entire ecosystem that can flex and pivot as needed. Building Resilient Supply Chains To Weather Any Storm What does building a resilient supply chain entail?

Agile and Lean Supply Chain 52

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

NLPA (Next Level Purchasing Association)

NOVEMBER 22, 2024

Why Supply Chain Disruptions Are Everyone’s Problem Picture this: Hurricane Helene slams into North Carolina in September 2024. Start by asking: Who are our critical suppliers? Do we know which suppliers are in disaster-prone areas? Tracking Every Shipment in Real Time : Lost shipments? The good news?

Supply chain 52

Supply chain Real-time Visibility Supply Risk 52

Una

APRIL 23, 2024

By Hugo Britt | April 23, 2024 Search Search Welcome to a future where the supply chain landscape is divided, not just by the products and services they deliver, but by the int elligence that drives their operations. Route optimization & logistics planning Cost savings, faster delivery times, and happier customers?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

Arkestro

MARCH 27, 2024

But in 2024, the role has never been more important. After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Pipefy

NOVEMBER 24, 2023

According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization. This process grants transparency and visibility into purchase orders and approvals to a sometimes surprising degree. What are e-procurement tools? The features of these solutions can vary widely.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

IBM Supply Chain Blog

MARCH 13, 2023

In the US, the Securities and Exchange Commission (SEC) is considering new requirements for public companies that could take effect as early as January 2024. High-quality ESG reporting requires real visibility, not only into a company’s own operations but into those of its suppliers.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Sustainability Supply Chain Optimization 52