CPO Rising

DECEMBER 30, 2024

Supplier management is one of the most critical aspects of procurement. One of the biggest issues… The post Best of 2024: Magnus Mondays The Two Levels of Supplier Management Tech appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

Chief Procurement Officer 52

Chief Procurement Officer Suppliers Management Supply management 52

SCMDOJO

DECEMBER 29, 2024

It will also help you develop a strong foundation in procurement best practices and enhance your ability to optimize costs and build strong supplier relationships. To be a master at procurement, enroll yourself in Mastering Procurement Essential Skills and Competencies by Maryna Trepova now!

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Procurement Freelancers

JULY 20, 2024

Companies that are heavily invested in sourcing should do their utmost to keep their logistics… The post Top 6 Trends Revolutionizing Supplier Auditing in 2024 first appeared on Procurement Blog | Procurement & Supply Chain News.

Suppliers 98

Suppliers Logistics Supply chain Sourcing 98

Procurement Insights

NOVEMBER 26, 2024

We should all be prepared when suppliers cite these cost increases to justify higher prices for the products they sell us. Preparation includes detecting supplier “Margin Creep” (Silent Slopes) – the common practice of raising prices more than required to cover their cost increases.” According to research, the 2024 U.S.

Raw materials 52

Raw materials Price Negotiation Suppliers 52

SCMDOJO

JANUARY 9, 2025

Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Done well, it can become a key driver of competitive advantage.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Supply Chain Brain

JANUARY 1, 2024

Physical operations will present the biggest challenge to companies at the beginning of 2024 with the ongoing conflict in the Middle East coupled with climate issues disrupting shipping networks.

Suppliers 111

Suppliers Networking 111

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. The first phase of Leidos’ implementation has been upstream (sourcing, supplier management, contract management).

supply chain software solutions 117

supply chain software solutions Procurement Supply Chain Optimization Contract 117

SCMDOJO

MARCH 14, 2025

It emphasizes the need for fair competition among suppliers and aims to eliminate corrupt practices that have historically plagued government contracts. It emphasizes the need for fair competition among suppliers and aims to eliminate corrupt practices that have historically plagued government contracts.

Procurement 90

Procurement Bidding Competitive bidding Contract 90

Procurement Leaders

AUGUST 25, 2023

By benchmarking leading organisations alongside others, Procurement Leaders’ Strategic Planning Guide 2024 research reveals the measures procurement chiefs can take to ensure their functions perform at the highest possible level.

Procurement 130

Procurement Strategic planning Influencing Procurement team 130

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.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Insights

DECEMBER 11, 2024

There are between 2 and 4 links covering the period 2007 to 2024. ChatGPT Assessment 2024 – [link] Did Gartner get it right 2009 – [link] 2. Technology is irrelevant 2024 – [link] Technology is irrelevant 2007 – [link] 3. Dangerous Myths 2007 – [link] Dangerous Myths (2007 2024) – [link] 8.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Spend Matters

JANUARY 23, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Aylin Basom, CEO of Supplier.io , provider of supplier management solutions and one of Spend Matters 50 Procurement Providers to Know. Moreover, supplier diversity is no longer confined to the US; it’s becoming a global phenomenon.

Procurement solutions 110

Procurement solutions Procurement Procurement strategies Suppliers 110

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 feature enables businesses to standardize their purchasing process by setting preferred suppliers and products, thus ensuring compliance with procurement policies.

Purchasing 111

Purchasing Inventory Supply Chain Optimization Buyers 111

ivalua

JANUARY 8, 2023

The German Supply Chain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. However, the scope will be extended to companies that employ at least 1,000 employees from 1 January 2024. By Jan-Hendrik Sohn.

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Supply Chain Brain

FEBRUARY 6, 2024

One challenge stalling manufacturers' ability to cut carbon emissions is a lack of data, with supplier information notoriously hard to obtain. Solving this problem is a top priority.

Suppliers 105

Suppliers Data 105

Spend Matters

JANUARY 24, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Richard Hogg, CEO at Vizibl , a provider of supplier management solutions and one of Spend Matters 50 Procurement Providers to Watch. The time is now, and the stakes could not be higher.

Procurement solutions 111

Procurement solutions Procurement Supply Chain Efficiency Suppliers 111

Spend Matters

SEPTEMBER 19, 2024

Today Spend Matters is delighted to announce the release of its Fall 2024 SolutionMap and TechMatch SM procurement technology rankings, which include 93 procurement technology vendors. It provides insights on vendor capabilities to cover various customer requirements and solution landscape-related scenarios and considerations. .”

Risk management 122

Risk management Procurement Risk Contract 122

Spend Matters

JANUARY 4, 2024

Generative AI’s success will hinge on the professionals behind it In 2024, AI hype will reach its peak. Organizations will risk ESG non-compliance as they continue to focus on cost-cutting As inflation continues to bite and geopolitical instability persists, many organizations will be tempted to drive down supplier costs in 2024.

Procurement solutions 114

Procurement solutions Procurement Agile and Lean Supply Chain Supplier relationship management 114

Spend Matters

OCTOBER 24, 2024

The engineers write up their specifications and send it to procurement; procurement sends it out, gets the quote back from suppliers and returns it to the engineers. It’s a continuous loop for one part, and there are always questions because suppliers do not always understand the specifications. “So, It’s not one loop, though.

e2e 119

e2e Data interpretation Buyers Data 119

Spend Matters

DECEMBER 15, 2023

Shaping the next generation of procurement professionals In 2024, as emerging technologies continue to redefine the workplace and professional landscape, and industries embrace AI, procurement departments will rethink their strategies to source top talent, retrain existing employees and attract the next generation of procurement professionals.

Procurement solutions 111

Procurement solutions Procurement Agile and Lean Supply Chain Contract 111

Spend Matters

OCTOBER 17, 2024

Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. It also provides direct materials data analytics, dashboards, KPIs, category recommendations, supplier recommendations and a designated dashboard to show its clients their ESG and compliance data.

Category management 113

Category management Sourcing Data Bill of materials 113

Spend Matters

JANUARY 3, 2024

AI will get more real and tangible in 2024. Applying AI to make supplier discovery more efficient and successful or gain immediate, deep insight on issues within a company’s existing supply base will really drive businesses to be more successful. We’ll see deeper solutions emerge next year.

Procurement solutions 117

Procurement solutions Procurement Procurement team Budget 117

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.

Procurement 130

Procurement Sourcing Risk management Ethics 130

Spend Matters

APRIL 4, 2024

Artificial intelligence in procurement During the first quarter of 2024, the Spend Matters team followed the theme of ‘ Artificial Intelligence in Procurement. As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management.

Procurement 110

Procurement Raw materials Risk management supply chain software solutions 110

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

Spend Matters

JANUARY 5, 2024

So, what is really exciting for 2024 is that supply chain risk management is now merging with environmental, social and governance (ESG) goals. What excites me for 2024 is that meeting disclosure requirements is getting easier. As always, reach out to discover how Spend Matters can help with your new year commitments and wishes.

Procurement solutions 111

Procurement solutions Supply Chain Efficiency Procurement Raw materials 111

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. SxM Matchory is a supplier discovery tool that aims to streamline the strategic sourcing process.

Procurement 114

Procurement Management Contract Sourcing 114

Supply Chain Dive

AUGUST 12, 2022

The startup has struggled to find component suppliers, and is pushing the rollout of its AVs to 2024.

Suppliers 103

Suppliers 103

Spend Matters

FEBRUARY 8, 2024

Our respondents gave us their observations on 2024 and how they anticipate them shaping the market in the year to come. The post 2024 procurement tech vendor insights series — Analyst wrap up appeared first on Spend Matters. This content is for members only. Visit the site and log in/register to read.

Procurement 111

Procurement Supplier relationship management Risk management Contract 111

Finale Inventory

JULY 18, 2024

It also offers 15 best practices for 2024 to ensure smooth inventory management. Utilize automated reorder systems and build strong supplier relationships for a streamlined reordering process. 15 Best Practices for Retail Inventory Management in 2024 For 2024, effective inventory management remains crucial.

Inventory 98

Inventory Supply Chain Efficiency Management Real-time Visibility 98

Spend Matters

JANUARY 15, 2024

As public procurement teams look for ways to increase their supplier pool, many are being required to prioritize local, veteran- and minority-owned business proactively within the procurement function. E-procurement solutions built for the government are critical in 2024 to help power the critical work of public procurement.

Procurement solutions 105

Procurement solutions Procurement Contract administration Contract 105

Spend Matters

JANUARY 19, 2024

Recovering tens of millions of dollars that might otherwise be lost In 2024, every business function needs a generative AI story , and procurement is no exception. All in all, that’s an outstanding story for procurement leaders to tell as they head into 2024!

Procurement solutions 114

Procurement solutions Procurement Sourcing Innovation 114

Supply Chain Dive

MARCH 11, 2024

The manufacturer aims to build inventory in the first half of the year to meet its projected delivery goal of up to 155 aircraft in 2024.

Suppliers 124

Suppliers Inventory 124

Spend Matters

OCTOBER 29, 2024

Vendors and procurement practitioners can learn more than just the names Spend Matters deems worthy of elevating, though.

supply chain software solutions 114

supply chain software solutions Supply chain Procurement Innovation 114

Spend Matters

JANUARY 11, 2024

Companies must evaluate a growing number of active risk types more thoroughly and frequently than previously in order to gain a real view of the risks a supplier poses to the organization. The post New Year Insights for the procurement solutions and services marketplace 2024: Prevalent appeared first on Spend Matters.

Procurement solutions 102

Procurement solutions Procurement Risk management Procurement team 102

Spend Matters

JANUARY 8, 2024

In 2024, this will require continued transformation as businesses look to increase resilience, swift value delivery, combatting inflation and sustainable procurement practices. Index-linked clauses with key suppliers can also be used to ensure fairness and balanced exposure for all parties.

Procurement solutions 101

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 101

Spend Matters

FEBRUARY 26, 2025

Despite the cold weather, the room was filled with passionate public procurement practitioners and suppliers who were eager to chat and learn. Its ability to match suppliers with buyers in the public sector and address complex governmental structures and processes has played a key role in its ongoing success.

Procurement 116

Procurement Bidding Contract management Data 116