Procurement Templates

AUGUST 28, 2024

The global supply chain in 2024 faces a myriad of challenges that continue to disrupt procurement processes across industries. In this post, we will explore the major procurement supply chain shocks in 2024, their causes, and the potential responses organizations are adopting to mitigate their impact.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

SCMDOJO

DECEMBER 29, 2024

SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. 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. Here are 10 of their top-rated courses: 1.

Supply Chain Optimization 98

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

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. Click here!

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

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

Spend Matters

MARCH 6, 2025

In a world increasingly driven by the rapid developments within Artificial Intelligence (AI), procurement has the potential for enormous leverage using cutting-edge technology to become a powerhouse for generating efficiency, expanding margins, reducing risk and delivering solutions which the human mind is unable to see.

Supply Chain Efficiency 73

Supply Chain Efficiency Procurement Chief Procurement Officer Stakeholder engagement 73

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. ChatGPT – What are the top 10 procurement predictions for 2030?

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

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

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

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.

Supply Chain Efficiency 90

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

Spend Matters

JANUARY 5, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Heiko Schwarz, Global Supply Chain Risk Advisor at Sphera. So, what is really exciting for 2024 is that supply chain risk management is now merging with environmental, social and governance (ESG) goals.

Procurement solutions 111

Procurement solutions Supply Chain Efficiency Procurement Raw materials 111

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.

Supply Chain Efficiency 40

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

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. But that type of engineering takes time and coordination and involves downstream suppliers.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 79

Jaggaer

NOVEMBER 14, 2024

According to The Hackett Group’s 2024 CPO Agenda , cost reduction remains the top priority for Chief Procurement Officers (CPOs). An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance. Here are some key insights from the e-book.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

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. By managing inventory efficiently, you can reduce stockouts, prevent overstocking, lower carrying costs, and enhance customer satisfaction.

Inventory 98

Inventory Supply Chain Efficiency Management Real-time Visibility 98

Spend Matters

AUGUST 15, 2024

. “Never waste a good crisis” is a phrase worth pondering in the realm of digital transformation for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change. 22, at 10:00 AM PST.

supply chain software solutions 120

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 120

ivalua

MARCH 27, 2023

E-invoicing Mandate | France 2024 Ivalua Spend Management Insights [ivory-search] Wake Up AP, Before it’s Too Late! It’s already hit most Latin American countries, India, China and Italy, but the next big wave hits France in 2024. Every supplier will be forced to send Government approved invoices to their clients.

Procurement strategies 130

Procurement strategies Agile and Lean Supply Chain Real-time Visibility Networking 130

Procurement Insights

DECEMBER 3, 2024

C-suite executives are navigating a complex landscape of challenges in 2024. STAKEHOLDER (AGENT) 3 What are the main concerns for suppliers meeting ESG specifications? Companies that address these barriers with transparency, education, and actionable solutions are more likely to succeed in appealing to ESG-conscious consumers.

Chief Procurement Officer 58

Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

Spend Matters

DECEMBER 13, 2023

Expect more pressure on interoperability as companies engage trading partners in climate action We can expect to see unprecedented partnership and collaboration for supply chain sustainability in 2024. You can read about EcoVadis here in our risk analysis series.

Procurement solutions 113

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 113

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 Consumer demands 111

Arkestro

DECEMBER 26, 2024

While these advancements have led to improved efficiency, cost savings, and enhanced strategies, theyve also made procurement processes more complex than ever before. Here are five key trends that will shape procurement and supply chain management in the coming year. increase from 2024. trillion , a 9.3%

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

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

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

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 29, 2024

In no order of preference, today let’s hear from Justin Dillon, CEO of supply chain risk management solution provider, FRDM , one of Spend Matters 50 Procurement Providers to Watch. For over ten years countries have quietly passed supply chain regulations prohibiting forced and child labor. There is no escaping that fact.

Procurement solutions 111

Procurement solutions Supply Chain Efficiency Procurement Supply chain 111

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023.

Price 177

Price Suppliers Quality Negotiation 177

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

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 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

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.

Supply Chain Efficiency 105

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

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. That’s no small feat for an organization with more than 700 restaurants and 170 suppliers worldwide.” What happened?

Supply Chain Efficiency 89

Supply Chain Efficiency Supply Chain Optimization Supply chain Networking 89

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 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.

Procurement solutions 103

Procurement solutions Procurement Spend management Supply Chain Optimization 103

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. MRO vs. Office Supplies).

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Suppliers 52

Spend Matters

JANUARY 22, 2024

Supplier collaboration becomes the cornerstone of corporate sustainability strategies In 2024, the landscape of corporate responsibility is undergoing a seismic shift, pivoting towards a holistic approach that places immense emphasis on environmental, social and governance (ESG) factors.

Procurement solutions 97

Procurement solutions Procurement Supply Chain Efficiency Sustainability 97

Jaggaer

MARCH 20, 2025

Additionally, institutions must remain adaptable to changes in compliance requirements related to federal grant-funded purchases, sustainability mandates, or supplier diversity policies. College enrollment, which peaked in 20102011 and fell sharply during the pandemic, rebounded with the fall 2024 intake.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

ivalua

OCTOBER 25, 2022

Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. 49% believe that global supply chains won’t fully recover to pre-Covid operational norms until 2024 or beyond. About the study. About Ivalua. .

Procurement team 130

Procurement team Supply Chain Efficiency supply chain software solutions Procurement 130

Procurement Leaders

DECEMBER 31, 2023

From driving down carbon emissions to embedding new autonomous AI technologies and reformatting supply chains, the function is one of the central enablers of these trends and the growth opportunities that surround them. 2024 focus: Gathering and utilising primary Scope 3 emissions data.

Sustainability 130

Sustainability Agile and Lean Supply Chain Supply Chain Efficiency Networking 130

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.

Agile and Lean Supply Chain 52

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