Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Supply Chain Transparency.

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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?” What are the Top 3 concerns for Chief Procurement Officers in 2025? What are the Top 3 concerns for Chief Procurement Officers in 2023?

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Jaggaer

NOVEMBER 14, 2024

Moving Beyond the Traditional View of Procurement Many companies still view procurement primarily as a place to limit costs. According to The Hackett Group’s 2024 CPO Agenda , cost reduction remains the top priority for Chief Procurement Officers (CPOs).

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Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. In 2021, procurement organizations will require inspirational, innovative, and pragmatic leaders to ensure procurement excellence. Top-performing procurement teams often have strong category expertise and have well-segmented supplier bases in order to power procurement agility.

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Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Procurement has simply made do with the means at hand.

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Planergy

JULY 5, 2022

ESG In Supply Chain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. That’s where procurement’s role becomes so crucial.

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Spend Matters

NOVEMBER 7, 2024

Subsequently, I moved to the Bay Area to serve as the Chief Procurement Officer at a rapidly growing tech startup that had just gone public. Autonomous compliance – “Halo Ai’s Autonomous Compliance capability transforms regulatory adherence, slashing manual effort and increasing efficiency by at 14X at a minimum.

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Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. This blog will cover the current challenges facing CFOs and procurement teams and several strategies that can be implemented to drive cost savings and increase efficiency.

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Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction.

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Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

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Supply Chain Game Changer

NOVEMBER 13, 2018

But to do so, they must also reshape their supplier relationships, aligning their supply chain with a more progressive strategy and securing a competitive advantage. Procurement professionals need to get savvy. With some suppliers, it’s also possible to use strategic sourcing projects to optimize total cost of ownership.

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NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

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Slimstock

MARCH 26, 2019

This might seem like a simple and obvious way to improve your procurement operations, but maintaining a positive supplier-buyer relationship is a vital component in ensuring good delivery, service, and quality. Building and maintaining supplier relationships can streamline processes and improve your overall efficiency.

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SupplyShift

JUNE 19, 2019

The next-level security, transparency, and efficiency of blockchain technology will redefine many industries and business processes, especially those dealing with transactional data. It’s no surprise, then, that blockchain has created a buzz in the supply chain management industry.

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SupplyShift

JUNE 19, 2019

The next-level security, transparency, and efficiency of blockchain technology will redefine many industries and business processes, especially those dealing with transactional data. It’s no surprise, then, that blockchain has created a buzz in the supply chain management industry. How Blockchain Works.

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Empowering CPO

JULY 5, 2023

Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services. Our goal is to empower Chief Procurement Officers (CPOs) and their teams by providing a suite of comprehensive managed procurement services.

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Arkestro

DECEMBER 12, 2022

The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases.

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Procurement Software

JUNE 25, 2024

We have the potential to enhance operational efficiency and drive wider business objectives. This article will first of all guide you through the essentials of procurement cost savings. Ensure you account for both direct savings, such as reduced purchase costs , and indirect savings like efficiency improvements or decreased waste.

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Arkestro

MAY 9, 2023

Resources / Blog / What CPOs Need to Know About Predictive Procurement Orchestration What CPOs Need to Know About Predictive Procurement Orchestration The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization.

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Procurement Software

NOVEMBER 21, 2022

In the latest years, the need for digital procurement tools has arisen as businesses have entered a more rapid digital transformation process. The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supply chain disruption. billion in 2021 to USD 8.0

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Procurement Software

JULY 11, 2023

Operations and accounting are three disparate parts of organizations that are simply not equipped to efficiently share information and work together so that individual expenses are optimally managed. In an ideal world, the Chief Procurement Officer should report directly to the CEO.

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Procurement Insights

SEPTEMBER 11, 2024

How about we stop covering companies that fail to give us transparent and unfettered access to their client base? Like 1Reply Vera Rozanova MBA, MCIPS Chartered, MEng (Hons)CPO-Chief Procurement Officer | Procurement Director | Supply Chain | Invited Lecturer | Author | Business Trainer | Transformation 2h Jon W.

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Empowering CPO

JUNE 20, 2023

But don’t be fooled by their size – when accumulated, these costs can form a substantial part of a company’s expenditure, and a large number of suppliers can add complexity and risk to the supply chain. While tail spend is often neglected, it holds a gold mine of untapped savings opportunities.

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Empowering CPO

JUNE 27, 2023

Introduction Overview of Spend Analysis and Its Significance in Procurement In today’s competitive business landscape, effective procurement strategies play a vital role in the success of organizations. One crucial aspect of procurement is gaining insights into spending patterns and optimizing expenditures.

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Arkestro

OCTOBER 4, 2022

Last Spring, Arkestro, the leading Predictive Procurement Orchestration platform, held Optimal: The Leadership Summit for Predictive Procurement. If you missed the spring Optimal conference in New York or Optimal ’21 , now is your chance to attend Optimal ’22 Las Vegas , the best procurement event of the year!

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Pipefy

DECEMBER 18, 2023

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.

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