Arkestro

DECEMBER 26, 2024

Sustainability Will Be a Top Priority for Procurement Teams in 2025 Sustainable procurement initiatives will continue to grow in importance in 2025. In a nutshell, e-procurement involves buying and selling supplies, equipment, and services over the Internet. Subscribe to news from Arkestro.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Procurement Insights

DECEMBER 3, 2024

Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainable supply chain. Challenges include superficial integration of ESG principles, inconsistent reporting, regulatory hurdles, and evolving stakeholder expectations.

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Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization.

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

Spend Matters

MARCH 18, 2024

However, third party risk management should be implemented in every procurement department, as regulations and the uncertainties of the post-pandemic era are making these issues around compliance, data security, supply chain resilience and business continuity increasingly important. This content is for members only.

Risk management 114

Risk management Risk Supply chain resilience Management 114

Procurement Tactics

DECEMBER 21, 2022

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Why is it important? P&G’s value-sharing model.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Procurement Tactics

JUNE 7, 2023

After reading this article, you will know the importance of collaborating with your suppliers. Its aim is to achieve important objectives and create shared value through collaboration. Regular collaboration between buyers and suppliers helps align their goals and strategies, making sure that every interaction benefits both parties.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Procurement Insights

FEBRUARY 27, 2025

. “A 2023 survey by KPMG highlights this transition, revealing that procurement leaders are now focusing on supply chain resiliency (68%), introducing new products or expanding into new markets (65%), and improving margins through cost reduction (71%). What is your take?

Agile and Lean Supply Chain 52

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

Spend Matters

OCTOBER 24, 2023

Our flagship product, Onventis Buyer cloud software, stands as a comprehensive procurement system designed to empower organizations across all aspects of procurement. Onventis Buyer represents a powerful solution that streamlines and automates the entire procurement journey, from the initial sourcing to the final payment to spend analysis.

Procurement solutions 111

Procurement solutions Supply Chain Efficiency supply chain software solutions Procurement 111

Arkestro

APRIL 2, 2024

The fluctuating economic landscape has forced many procurement departments to reassess and diversify their sourcing strategies to maintain supply chain resilience. But in 2024, the role has never been more important. But in 2024, the role has never been more important. After years of focusing on cost.

Procurement 52

Procurement Chief Procurement Officer Procurement team Buyers 52

IBM Supply Chain Blog

SEPTEMBER 18, 2023

At the same time, complex and fragmented supply chains can introduce challenges like supply chain compliance and fraud mitigation. Supplier visibility and traceability is growing in importance to help achieve environmental, social and governance (ESG) targets.

Supply Chain Efficiency 82

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 82

Jaggaer

OCTOBER 24, 2024

This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Spend Matters

OCTOBER 3, 2024

They come primarily from a cyber perspective, from an anti-bribery and corruption (ABAC) perspective, from an ESG and a supply chain resiliency perspective and, of course, data privacy. It’s important to decide where you sit on that spectrum. And today, the responsible use of AI can be added to that list. “

Risk 111

Risk Risk management Supply Chain Efficiency supply chain software solutions 111

Supply Chain Game Changer

MAY 5, 2021

Top consulting firms are taking notice too, in their own advice to corporate leaders: Bain , Deloitte , McKinsie , and Baker McKenzie , and others have released white papers in recent days on the importance of Supply Chain resiliency and risk mitigation in this new era. appeared first on Supply Chain Game Changer™.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

Arkestro

OCTOBER 3, 2024

From an increasing regulatory landscape to new automotive innovations, it’s never been more important for procurement professionals to find new ways to reduce costs, eliminate inefficiencies, and stay updated on the latest industry trends. They include safety equipment, office supplies, cleaning, IT, rental cars, and others.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

Zycus Cognitive Procurement

DECEMBER 15, 2022

Here are the 7 supply chain management trends for 2023 – Building agile supply chain ecosystems. Managing supply chain risk. Improving supply chain analytics. Enhancing supply chain resilience. Improving supply chain sustainability.

Supply chain management 52

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

Supply Chain Game Changer

APRIL 15, 2020

Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. One of the best ways to support supply chain resilience is to ensure that you’re preemptive.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Jaggaer

JUNE 28, 2024

But to focus our attention even more sharply, let’s take our cue from Sir David Attenborough: “The decisions we make this decade are the most important in human history”. We need to bring cost, resilience and sustainability into harmony and in doing so we need to look again at strategic leadership in the function. No pressure, then!

Leadership 52

Leadership Agile and Lean Supply Chain Raw materials Influencing 52

IBM Supply Chain Blog

MAY 17, 2024

Over 90% of business buyers say a company’s customer experience is as important as what it sells. To avoid this, it’s crucial for businesses to carefully plan and design intelligent automation initiatives that prioritize the needs and preferences of their customers, whether they are consumers or B2B buyers.

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Supply Chain Efficiency Real-time Visibility Supply Chain Optimization e2e 64

World of Procurement blog

MAY 8, 2024

Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply. Purchasing relies on more basic solicitation processes.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury. They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52