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Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. Click here!
Jaime Robes’ three-year tenure at the convenience store retailer included feats like implementing sourcing technology and boosting electronic payments.
Recently, Ive talked about the need to manage and source more spend and source it more frequently. And last year, I wrote an article about innovations in sourcing and how… The post Magnus Mondays Do We Need a Sourcing Toolbox?
How has technology impacted procurement and sourcing in the supply chain? Technology has revolutionized every industry and procurement is no exception. With increasing pressure to mitigate spend and streamline processes, ChiefProcurementOfficers have turned to digital sourcing and digital solutions for help.
Its been pointed out continually by pundits, with most CPOs aware of it… The post Magnus Mondays Build in Agility and Source More appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Are you thinking of developing a new sourcing risk management plan? Wondering how to better mitigate supply chain risk when sourcing? Or just keen to explore some of the best risk management practices ChiefProcurementOfficers (CPOs) can adopt? Keep reading, that’s what we’re going to talk about in this blog.
Manufacturers are rethinking their sourcing strategies, and for that exercise the chiefprocurementofficer occupies center stage. But there’s another executive who’s playing an equally vital role.
11, 2019 /PRNewswire/ — Ivalua, a global leader in spend management , today announced that it was selected as the winner of both the Innovations in Third Party Management and Innovations in Digitization awards, presented at the Future of Sourcing Awards event in Carlsbad, CA. Ivalua is the Procurement empowerment platform.
If you are a sourcing, procurement, or spend… The post Technology Round-Up — December 4, 2024 appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. And if your organization is big enough to need a ChiefProcurementOfficer , that person is directly or indirectly responsible for every stage of that journey. Yet there are good reasons to do so.
If you are a sourcing, procurement, or spend… The post Technology Round-Up — October 30, 2024 appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Like many within the procurement community, dsm firmenich’s deputy chiefprocurementofficer Gianluca Colombo is a keen chef in his spare time. “I like cooking and discovering new recipes, he told Procurement Leaders. As Colombo says: “There is no sourcing without responsible sourcing.”
Whatever the reasons, it was great to hear similar excitement from one of our judges of the World Procurement Awards 2024 , who joined a kickoff call we hosted last week. (A So, as a concept, it’s fascinating.
The company has corporate offices in Houston, Texas, with offices in Brazil, Luxembourg and Nigeria. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. We look forward to contributing to their Procurement cost optimization initiative”.
If you are a sourcing, procurement, or spend… The post Technology Round-Up April 9, 2025 appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. In order to establish a unified and consistent source-to-pay process throughout the entire Group, Körber was looking for a fully integrated e-procurement solution.
The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?
If you are a sourcing, procurement, or spend… The post Technology Round-Up February 5, 2025 appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Sourcing and procurement can be complex endeavors. In an ever-increasingly competitive business environment, chiefprocurementofficers and their teams must be […]. This is why alternative negotiation approaches have been devised.
Did you miss Ardent Partners’ recent webinar, Procurement 2025: BIG Trends and Predictions, that delivered a series of insightful predictions designed to help procurement teams in all industries and regions… The post Part Two: Procurement BIG Trends & Predictions AI-Driven Future Amidst Economic Uncertainty appeared first on CPO RISING (..)
The session panel for this was made up of SPP members who are also chiefprocurementofficers. The important takeaway in this session was how suppliers can implement sustainable procurement practices by creating their own external ecosystem. . The structure of procurement teams was tackled in the event. LEARN MORE.
… The post Best of 2024: Magnus Mondays Navigating the Raw Essentials: A Primer on Direct Materials appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
The role of… The post Best of 2024: Procurement Embraces Its Workforce Strategy Role appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Editors Note: Over the next few weeks on CPO Rising, were publishing some best of 2024 articles as we reflect on the year and prepare for the new year… The post Best of 2024: Magnus Mondays Why Is There No Mega Vendor in the Procurement Space?
Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams… The post CPO Rising Listicle: AI in Action Procurement, Part 2 appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
The company has corporate offices in Houston, Texas, with offices in Brazil, Luxembourg and Nigeria. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. We look forward to contributing to their Procurement cost optimization initiative”.
At Ardent Partners, we have researched procurement metrics and performance for almost 20 years (Andrew Bartolini started tracking it before he founded Ardent).
appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT. My experience at the DPW conference and, perhaps to a lesser… The post Magnus Mondays — Feature, Product, or Company?
Procurement leaders, ChiefProcurementOfficers (CPOs), and Supply Chain Managers must proactively build resilience into their procurement processes to safeguard operations. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Loss of revenue due to stock shortages.
Did you miss Ardent Partners’ recent webinar,Scale New Heights: Improve Performance by Optimizing Your Procurement Technology, that shed light on reaching the next level of procurement performance by building a… The post Part Two: Scale New Heights How Technology is Transforming Spend Management appeared first on CPO RISING - THE SITE (..)
Did you miss Ardent Partners’ recent webinar,Scale New Heights: Improve Performance by Optimizing Your Procurement Technology, that shed light on reaching the next level of procurement performance by building a… The post Part One: Scale New Heights How Technology is Transforming Spend Management appeared first on CPO RISING - THE SITE (..)
STAKEHOLDER (AGENT) 1 What are the top five concerns for ChiefProcurementOfficers? Now it’s dropped back to 2019 levels.” ( Source – The Wall Street Journal, Sept. When should you introduce technology into your ESG strategy process – before or after addressing questions 1 and 2?
Forward-thinking organizations have transformed the department into an untapped gold mine that creates value for the entire end-to-end manufacturing process—from design and sourcing to production and delivery. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add?
appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT. AIQ provides an end-to-end service, from performing the spend… The post Guest Article: Layoffs Havent Worked. Its Time to Try Something New.
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.
… The post Best of 2024: CPO Rising Listicle: Battle Inflation with Five Smart Strategies appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Kicking off the day with our first keynote, Ivalua’s Founder and CEO David Khuat-Duy will present his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurement teams and suppliers. Director Strategic Sourcing Digital & Functional Transformation, .
This time of the year there tends to be plenty of predictions flying around, so I thought… The post Magnus Mondays Four Things I Want to See in 2025 appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT.
He or she works closely with the suppliers and other internal teams of the company to ensure that the procurement process will run smoothly. . Strategic sourcing manager. The strategic sourcing manager is responsible for high-value purchases. However, a strategic sourcing manager is often seen in bigger companies. .
There’s no doubt that chiefprocurementofficers are being asked to contribute to board-level discussions more frequently. It’s been halcyon days for procurement, as the low-hanging fruit of low-cost-country sourcing and the pursuit of single- or dual-source strategies have delivered huge financial returns to the bottom line.
In todays article, I return to that topic and… The post Magnus Mondays Suites, Specialists, and IM&PPO appeared first on CPO RISING - THE SITE FOR CHIEFPROCUREMENTOFFICERS & LEADERS IN SUPPLY MANAGEMENT. About a year ago, I wrote a series of articles on the topic of suites vs. specialists (click here to read).
Subsequently, I moved to the Bay Area to serve as the ChiefProcurementOfficer at a rapidly growing tech startup that had just gone public. Expanded data integration – “Halo Ai will broaden its data sources to include industry-specific feeds, regulatory databases and proprietary partnerships.
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