Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Jaggaer

FEBRUARY 5, 2025

It includes sourcing and supplier management, contract management, and procure-to-pay (P2P) functions. Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement Strategic sourcing is a data-driven approach that focuses on long-term supplier partnerships rather than one-time cost reductions. What is Source-to-Pay?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

ivalua

MAY 31, 2022

Supplier data can give your procurement team valuable information to make future cost and time-saving decisions. This crucial data will give your team the tools to enact effective collaboration on critical issues–such as risk mitigation, performance improvement, corrective actions and innovation programs.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Let's Talk Supply Chain

FEBRUARY 27, 2025

Strategies to Mitigate the Impact of Inflation on Supply Chain Costs In the face of double-digit inflation, companies‍ in ‍the service supply chain industry need to be proactive in mitigating the impact ‍on supply chain costs.

Supply Chain Optimization 52

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

SCMDOJO

FEBRUARY 15, 2025

A well-managed supply chain does not just survive crises it thrives in them. Why Project Management is Essential for Supply Chain Resilience The approach provides a structured approach to handling complex tasks, timelines, and resources. Implement cloud-based platforms for seamless data sharing.

Project management 91

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 91

Jaggaer

FEBRUARY 28, 2025

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. This includes skills in data analytics, negotiation, and stakeholder management.

Agile and Lean Supply Chain 52

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

ivalua

FEBRUARY 27, 2023

Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. They can understand their supply chain operations with more precision. How does data analytics help supply chain optimization?

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Procurement Leaders

JUNE 13, 2022

was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of pounds worth of contracts. As a public funded project, supply chain transparency is critical.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Supply Contract 130

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. Smart software shifts from drilling down on existing data to alerting up, so managers can respond to events or trends in real time. .

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

ivalua

DECEMBER 14, 2020

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.”

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

ivalua

MAY 17, 2023

This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. After catching up with colleagues and acquainting ourselves with some new faces, we dove into solution breakout sessions.

Supply chain resilience 130

Supply chain resilience Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 130

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3.

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

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. Turning lose-win to win-win situations. Toyota’s defined target approach.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Jaggaer

OCTOBER 24, 2024

The result is improved business processes and the agility that makes you nimble—whatever comes. Strategies for Building Resilient Supply Chains Recurring disturbances in recent years have highlighted the need for manufacturers and contract manufacturers to build resilience into their supply chains.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Tactics

JUNE 7, 2023

The platform also helps track how well suppliers are performing, manage contracts with them, and analyze how much money is being spent on supplies. Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

ivalua

APRIL 27, 2023

When you think about supply chain resilience, technology can help, but if you’re not actively pursuing a stronger relationship with your strategic suppliers, it’s really difficult to reap the benefits when the hard times are over,” he said. When I say technology, I’m not talking about spreadsheets,” White said.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

When you think about supply chain resilience, technology can help, but if you’re not actively pursuing a stronger relationship with your strategic suppliers, it’s really difficult to reap the benefits when the hard times are over,” he said. When I say technology, I’m not talking about spreadsheets,” White said.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

TYA Suite

NOVEMBER 15, 2024

This proactive approach can help identify potential issues early, allowing businesses to seek alternative suppliers or adjust their contracts accordingly. Factors such as machinery breakdowns, labor strikes, or disruptions in their own supply chains can lead to delays in delivery. bankruptcy), operational (e.g.,

Risk management 40

Risk management Risk Suppliers Strategy 40

Jaggaer

APRIL 9, 2025

Today there is a focus on EV battery supply chains, rare earth material sourcing, and recycling programs. Demand & sales forecasting is a related discipline which uses market data, historical trends, and AI-driven analytics to predict demand to help optimize production volumes and distribution networks.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Planergy

MARCH 18, 2025

Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 52

SCMDOJO

APRIL 11, 2025

While perfect forecasting remains elusive, leveraging robust data analysis, Artificial Intelligence (AI), and real-time market intelligence can significantly improve accuracy. During the 2008 recession, Walmart strengthened its supply chain by investing in predictive analytics and real-time demand forecasting.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 52

Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 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. Integrating flexible contracts. Enhancing supply chain resilience. Managing Supply Chain Risk.

Supply chain management 52

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

Procurement Heads

DECEMBER 15, 2022

Definitely areas like supply chain resilience, which is a big topic at the moment; we have undertaken a lot of supply chain mapping and created a lot of real-time data and if factors were to happen, what an organisation and procurement should do to counteract them.

Sustainability 130

Sustainability Supplier relationship management Contract management Supply chain 130

ivalua

APRIL 5, 2023

Our speakers covered: Scope 3 emissions, Invoicing, Supply Chain Resilience, Contract Management, Supplier Management, and the Procure-to-Pay Roadmap.

Innovation 130

Innovation Collaboration Supply chain resilience Networking 130

EazyStock

JANUARY 27, 2021

Even now, the global GDP for 2020 contracted by an estimated 4.3% Resiliency is now the name of the game for supply chains. Let’s look at the impact of each of these trends and see how you can incorporate them into your supply chain for 2021. Supplier Diversification.

supply chain software solutions 96

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 96

SCMDOJO

JUNE 28, 2024

Shimon is an experienced Supply Chain Engineer with a Master’s Degree focused in Industrial Engineering (SCM) from Rutgers University-New Brunswick, with a demonstrated history of working cross-functionally across several supply chain domains. The importance of clean data? Critically important.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

HICX

SEPTEMBER 16, 2024

To uncover the cost reductions, it is necessary to review any manual processes, and the resources involved due to any lack of integration, poor integration, or the cost of any middleware or data transformation activities that are also required. Missing or incomplete data.

Suppliers 52

Suppliers Management supply chain software solutions Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Scope : Procurement spans the entire process from identifying requirements to contract closure. Purchasing is more transactional and tactical.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

The Procuretech Podcast

JUNE 18, 2024

SpendKey simplifies spend analytics and contract data extraction with advanced machine learning capabilities. TrueLedger manages real-time contract evaluation and management for professional services. Canopy provides comprehensive vendor master data management. Alpas AI offers AI-driven supplier discovery and sourcing.

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Eprocurement 40

Una

JUNE 5, 2024

Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays. Technology also plays a crucial role in building resilience. Plus, they offer valuable data-driven insights to help you anticipate and prepare for future challenges. The lesson?

Agile and Lean Supply Chain 52

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

HICX

MAY 12, 2023

For example, the master data is now in place and they have managed to eliminate over 1,000 spreadsheets and reports over the past three years.  He gives an example in the area of supply chain resilience. They need to be handled as holistic supply chain resilience digital transformation issues, he advises.

e2e 52

e2e Real-time Visibility Supply chain resilience Supply chain 52

Empowering CPO

MAY 8, 2023

Examples include inaccurate demand forecasting, inefficient procurement processes, and data management errors. Legal and Regulatory Risks – Legal and regulatory risks involve non-compliance with laws, regulations, and contractual obligations that can result in fines, penalties, reputational damage, or even termination of contracts.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Procurement Software

APRIL 2, 2024

S2C Simple, user-friendly and easy-to-implement RFQ, supplier repository, and contract administration platform designed for the SME market. Data Analytics Simple spend analytics software, offering a degree of automated classification, but not leveraging advanced AI capabilities. Able to evaluate non-price factors within the tool.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Supply Chain Game Changer

APRIL 15, 2020

Recent reports pictured about from Deloitte’s CPO Survey in 2019 found that 81% of Procurement Leaders aren’t satisfied with their solutions for Supply Chain Risk & Compliance, 71% aren’t satisfied with existing solutions for SIM, SRM & SPM, 64% aren’t satisfied with their solutions for Contract Management.

Procurement 90

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

TYA Suite

JULY 17, 2024

With digital tools and automation, businesses can enhance procurement efficiency, streamline processes, and leverage data for informed decision-making. Utilizes data analytics and market intelligence to optimize category performance and mitigate risks. However, the advent of digital procurement strategy has revolutionized the paradigm.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40