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 solutions 91

Procurement solutions Procurement supply chain budgeting Procurement team 91

Spend Matters

DECEMBER 11, 2023

Operational efficiency, AI advancements and socially-conscious spending will be key business drivers Coupa has a core philosophy of “none of us is as smart as all of us” and it’s with this spirit that our insights for 2024 are written. using supply chain digital twins to optimize supply chain networks for carbon takeout).

Procurement solutions 78

Procurement solutions supply chain budgeting Procurement Supply Chain Optimization 78

IBM Supply Chain Blog

JANUARY 16, 2024

Join us in Boston for Think 2024, a unique and engaging experience that will guide you on your AI for business journey, no matter where you are on the road. After Think 2024, you’ll know exactly what next steps to take to meaningfully transform your business and drive sustainable competitive advantage. You have to move fast.

Sustainability 96

Sustainability Strategy Innovation 96

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? Improve cost savings. Sustainable bidding.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Barkers Procurement

JANUARY 26, 2024

The Pressures That Procurement Faces In 2024. Of note was that the increase in workload was juxtaposed by data that suggests that for most organisations, headcounts were set to be reduced or maintained at best. The pressures that procurement faces show no signs of reducing. The extra cost will feed through to business costs.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Barkers Procurement

JANUARY 26, 2024

The pressures that have been placed on the Procurement function show no signs of reducing. The increasing pressure from macroeconomic factors that include inflation, continued supply chain disruption, geopolitical tensions and ESG factors are primary areas of concern for the procurement professional. in December 2023.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Finale Inventory

JULY 17, 2024

Enterprise Resource Planning (ERP) software plays a significant role in streamlining operations, improving efficiency , and enhancing overall productivity. As we look forward to 2024, it’s important to stay updated on the latest trends and options available in the market.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Real-time Visibility 52

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.

Food and Beverage Supply Chain 52

Food and Beverage Supply Chain supply chain budgeting Supply Chain Optimization 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.

Inventory 52

Inventory Strategy Management Real-time Visibility 52

Let's Talk Supply Chain

SEPTEMBER 16, 2024

Founded by major ocean carriers, DCSA drives initiatives to make container transportation services transparent, reliable, easy to use, secure, and environmentally friendly. 30.55] Industry progress, and supply chain stakeholders’ priorities for further change. “We Removing the barriers to trade is in everybody’s interest.”

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Collaboration Supply Chain Optimization 52

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

Agile and Lean Supply Chain 52

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

TYA Suite

JULY 17, 2024

Traditionally, procurement strategy entails meticulous planning to procure goods and services efficiently, aligning with organizational goals. With digital tools and automation, businesses can enhance procurement efficiency, streamline processes, and leverage data for informed decision-making. to meet the unique needs of each category.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Arkestro

NOVEMBER 5, 2024

The Hackett Group’s 2024 Key Issues Study found that financial teams’ workloads are expected to increase 5% this year while headcount and budget slightly decrease, leaving a productivity gap of 6% for CFOs to find a way to make up. What does this mean? CFOs and their teams are expected to do more with less.

Procurement 52

Procurement supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

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.

Procurement 62

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 62

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.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Spend Matters

FEBRUARY 13, 2024

Conversational AI is re-emerging as a crucial tool for organizations seeking innovative methods to save costs and boost productivity. As we delve into 2024, the integration of conversational AI into procurement processes is becoming increasingly essential.” This helps the system to respond more accurately to queries.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain software solutions Procurement Supply Chain Optimization 87

Barkers Procurement

FEBRUARY 25, 2024

In parallel, it will also look at its expenditure meaning it is frequently the case that the Procurement function will be asked to commit incremental cost reduction to that which has already been budgeted, without the luxury of knowing its method of delivery. Do you need procurement advice and support?

Procurement 52

Procurement supply chain software solutions Contract Agile and Lean Supply Chain 52

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.

Purchase orders 81

Purchase orders supply chain software solutions Management Supply Chain Efficiency 81

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.

Inventory 52

Inventory Management Real-time Visibility e2e 52

Let's Talk Supply Chain

SEPTEMBER 18, 2023

Today I’m joined by DCLI , a leading transportation brand that is on a mission to transform the way chassis work within the intermodal supply chain by focusing on equipment quality, operational efficiency, and delivering a great driver experience. The cost savings and the environmental benefits alone are very difficult to match.”

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply chain Quality 52

Let's Talk Supply Chain

FEBRUARY 16, 2024

2024 is coming at us fast and the supply chain is front-and-center when it comes to geopolitical tensions and wars plaguing the globe. Just this week, retail brands called for safe travel on the Red Sea amidst growing rates and delays and regional fighting that has cost over $80B in inventory.

Logistics 98

Logistics supply chain budgeting Supply Chain Efficiency Supply chain 98

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. Supply chain, logistics, and supply all dictate how the market price shapes up.

supply chain budgeting 52

supply chain budgeting Food and Beverage Supply Chain Supply Chain Optimization Supply Chain Efficiency 52

IBM Supply Chain Blog

APRIL 25, 2024

Business process reengineering (BPR) is the radical redesign of core business processes to achieve dramatic improvements in performance, efficiency and effectiveness. This can lead to can significant improvements in efficiency, accuracy and scalability and enable the organization to operate more effectively.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 57

Procurement Insights

DECEMBER 6, 2023

For 2024, I am going to be selecting a handful of what I believe are the service providers who warrant investigation beyond the map. One of the advantages of being around for 40-some years is that I have garnered considerable knowledge and experience from all sides of the procurement/supply chain world.

Raw materials 72

Raw materials Price supply chain budgeting Supply Chain Efficiency 72

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.

Risk 98

Risk Procurement supply chain budgeting Supply Chain Optimization 98

Let's Talk Supply Chain

APRIL 29, 2024

Today I’m joined by Truck Parking Club , a logistics tech brand that is on mission to help truckers save time and fuel by efficiently finding and reserving truck parking across the U.S. But it appears, coming into 2024, that things may be stabilizing.” “The With a network of over 200 sites across the U.S.,

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Sustainability Networking 52

Let's Talk Supply Chain

DECEMBER 11, 2023

  Today I’m joined by DrayMaster , a digital drayage brand designed to increase efficiency, save time, and boost profits for truckers and brokers. 13.23] An overview of the market, as we look towards 2024, and the landscape for both truckers and 3PL’s. Draymaster is the only digital rate management system in the drayage space.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Management Supply Chain Efficiency supply chain budgeting 59

Jaggaer

SEPTEMBER 18, 2024

Navigating ESG, Supply Chain Risks & Polycrisis Procurement and supply chain executives face a complex landscape of polycrisis : resource scarcity, disruptions resulting from geopolitical tensions and climate change, rising ESG due diligence and reporting requirements, and looming corporate net zero commitments.

Sustainability 52

Sustainability Risk Procurement Supply Chain Efficiency 52

Arkestro

MAY 21, 2024

Resources / Blog / 3 Things to Know About Arkestro’s Exclusive Advisory Council Events 3 Things to Know About Arkestro’s Exclusive Advisory Council Events It’s no secret that anyone working in procurement — from CPOs to procurement managers — has their work cut out for them in 2024. One way procurement leaders are trying to fill the gap?

supply chain budgeting 52

supply chain budgeting Agile and Lean Supply Chain Suppliers Logistics 52

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.”

Networking 91

Networking Spend management Suppliers Supply Chain Optimization 91

Spend Matters

JANUARY 5, 2024

Tradeshift has remained at the forefront of e-invoicing, funding and supply chain solutions, offering businesses the tools they need to streamline their operations and enhance their supplier relationships in an ever-evolving business landscape. Read part 1 here , part 2 here and part 3 here.

e2e 82

e2e Procurement supply chain software solutions Contract 82

Jaggaer

MAY 16, 2024

The group accelerates digital transformation through a path of efficiency in supplier management. Thanks to this improvement, we can more efficiently involve our Supply Base, with whom we work daily to pursue these goals. ” states Francesco Reynaldi , Head of Supplier Management at the Turin site of the Dumarey Group.

Procurement 52

Procurement Supply Chain Efficiency Buyers Suppliers 52

Una

APRIL 9, 2024

By Mackenzie Oakley | April 9, 2024 Search Search Back in 2020, I refinanced my mortgage. It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. looking for innovative ways to reduce costs for your business. But what could you do with an extra 12.5% in savings

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

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).

Supply Chain Efficiency 50

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

SCMDOJO

APRIL 15, 2024

The inner workings of logistics at Amazon are a marvel of efficiency, precision, and constant innovation. The company also offers a range of logistics services to third-party sellers, allowing them to tap into Amazon’s extensive network and benefit from the same efficient delivery options.

Logistics 105

Logistics Supply Chain Efficiency Networking Supply Chain Optimization 105

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?

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 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