Procurement Insights

MARCH 23, 2025

Indirect spending typically represents 15-27% of revenue in manufacturing companies, making it a significant area for cost optimization. The company likely has multiple facilities, a global supply chain, and sustainability priorities (e.g., Savings Potential: 5-10% via automation and strategic sourcing.

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 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

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Procurement Insights

OCTOBER 8, 2024

.” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for Chief Procurement Officers in 2025?” Taking it a step further, the following is a chronological summary covering 10 specific date points between 1959 and 2025 where I posed the same question.

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

Procurement Insights

SEPTEMBER 11, 2024

” You must read through the entire raw and unedited discussion stream because within its dialogue is the explanation regarding what will happen in 2025, e.g., the GenAI Bubble Burst. This is an essential read for practitioners. Hansen One of the key criteria for procurement when selecting an IT provider is their client base.

Influencing 52

Influencing Procurement team Agile and Lean Supply Chain Procurement 52

Arkestro

MARCH 28, 2025

This webinar will highlight key supply categories (MRO, Capital, Bill of Materials, and Logistics) and how predictive technology optimizes Spot Buy, Strategic Sourcing, and Category Management. The solution? Key Takeaways: How Predictive Procurement supports Enterprise Tariff Strategy How top teams achieve 18.8%

Strategy 52

Strategy Bill of materials Supplier negotiation Procurement 52

Procurement Insights

JANUARY 19, 2025

.” Ask Chat GPT 4 simple questions, and then tell me why maps and quadrants and solution provider logos matter: What were the top 10 procuretech solutions in 1995, 2005, 2015, and 2025? Significance : Baan’s software emphasized integration across the supply chain, including procurement processes.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Supply Chain Optimization e2e 52

Procurement Insights

JANUARY 8, 2025

Considering the above, the following high-level comparison between ConvergentIS and SAP Ariba demonstrates how the agent-based model will be the dominant force that drives procurement and supply chain automation in 2025 and beyond. Key Products: Ariba Network, Spend Analysis, Strategic Sourcing Suite, and Contract Management.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Networking Supply Chain Optimization 52

Jaggaer

JANUARY 23, 2025

They focused on digital transformation, centralizing digital solutions and resources, increasing transparency across the supply chain, digitalizing source-to-pay processes, recruiting top talent, reevaluating sourcing strategies, tackling ESG challenges, and improving supplier relationships. But that would take time.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52