Procurement Insights

APRIL 4, 2025

contract negotiation, risk mitigation) gives it the strongest alignment with core procurement practices. While supply chain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools. Strong on supply chain resilience as it relates to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Procurement 52

Jaggaer

APRIL 9, 2025

Categories for the Pro-to-Know recognition include but are not limited to Supplier Management, Sourcing, Contract Management, eProcurement, Form Requests, and AP Automation. Important Dates and Requirements For each category above, customers will be notified by May 15 of their nomination acceptance. We look forward to your submissions!

Supply Chain Optimization 52

Supply Chain Optimization Eprocurement Supply chain resilience Contract 52

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Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. PwCs 2024 Digital Procurement Survey highlights the importance of this shift.

Agile and Lean Supply Chain 52

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

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

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. It is important for organizations to ensure a solid data foundation now to capitalize on improving AI capabilities.

supply chain software solutions 130

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

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. The platform also helps track how well suppliers are performing, manage contracts with them, and analyze how much money is being spent on supplies.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

SCMDOJO

JUNE 6, 2023

By analyzing supply chain data, businesses can detect anomalies, potential risks, and deviations from their standard operating procedures. By doing this, they can make corrections fastly which will help avoid costly disruptions and improve supply chain resilience.

Supply Chain Optimization 72

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

Procurement Leaders

JUNE 13, 2022

It is the largest infrastructure project in Europe and the most important economic and social regeneration project in decades. 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.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Supply Contract 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. Resilience and that ability to react quickly to change makes Procurement a much more strategic part of the organization, than if they focus only on reducing costs,” he said.

Agile and Lean Supply Chain 130

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

SCMDOJO

APRIL 11, 2025

A resilient supply chain is one that can absorb shocks and continue functioning with minimal disruption. An adaptable supply chain can quickly adjust to changes in demand, supply, or other external conditions. The burden of paying import duties on unsold stock can also be substantial.

Agile and Lean Supply Chain 52

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

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

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

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. What is the importance of supplier risk management? Supplier risk management is extremely important for businesses as it prevents operations against potential disruptions.

Risk management 40

Risk management Risk Suppliers Strategy 40

Jaggaer

APRIL 9, 2025

If any link in the chain becomes broken, disjointed, or inefficient, the business becomes less likely to keep up with customer demand. Key Challenges in Manufacturing Supply Chains and Solutions The world is currently going through an era of unprecedented challenges in supply chain management.

Agile and Lean Supply Chain 52

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

Procurement Insights

SEPTEMBER 30, 2024

Why is seeing a demo of a platform important? With the DND, we created a resilient supply chain before introducing the technology. The answer would seem obvious – but it isn’t. Far too many people look at technology through the lens of features, functions, and benefits.

Supply chain resilience 52

Supply chain resilience Supply chain Procurement team Contract 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

SCMDOJO

JUNE 28, 2024

The demanding nature of supply chain roles, with tight deadlines and long hours, can make it challenging for women to juggle their careers with personal commitments. The importance of clean data? Critically important. The demand for strategic thinking and problem-solving skills creates a path for women to excel.

Supply Chain Optimization 93

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

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. Looking Ahead to 2021.

supply chain software solutions 96

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

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. Ivalua Founder and CEO, David Khuat-Duy David emphasized the importance of culture and it’s role as a powerful catalyst in the journey towards digital transformation.

Innovation 130

Innovation Collaboration Supply chain resilience Networking 130

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

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

Una

JUNE 5, 2024

Building Resilient Supply Chains To Weather Any Storm What does building a resilient supply chain entail? Explore the importance of constructing an entire ecosystem that can easily flex and pivot. Why Do We Need Supply Chain Visibility? Take the recent global chip shortage , for example.

Agile and Lean Supply Chain 52

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

Barkers Procurement

MAY 22, 2024

At Barkers our ESG Health Check concentrates on the activity within your supply chain. Assessing your supply chain performance is strategically important for your organisation as studies show that the majority (80%) of emissions and ESG risk lies in a business’ supply chain. How Does it Work?

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Stakeholder engagement Sustainability 52

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Risk mitigation strategies can include supplier diversification, contract negotiations, process improvements, or technological investments.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

HICX

SEPTEMBER 16, 2024

According to the Logistics Bureau , strategically reducing supply chain costs can substantially boost net profits, while the scope for potential reductions remains wide open. Stakeholders should understand that amalgamating SIM with various management systems and ERP software offers a range of additional benefits.

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

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. Key processes to automate include contract management, vendor management, invoicing, purchase orders, purchase requisitions.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Supply Chain Game Changer

MARCH 18, 2021

Inspiring a culture where employees feel empowered to deliver on goals and priorities is increasingly important as we continue to work remotely during 2021. CPOs have a responsibility to disseminate information and communicate the importance of their wants and needs with other management members throughout the value chain. “No

Procurement team 61

Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61

TYA Suite

JULY 17, 2024

This strategy outlines the methods and processes for selecting suppliers, negotiating contracts, , and ensuring that procurement activities align with the organization’s overall goals and objectives. Collaborating closely with key suppliers fosters innovation, reduces lead times, and enhances supply chain resilience. :

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Claritum

JULY 23, 2018

Diversity in the supply chain has increasingly become important and reflects a growing concern that disadvantaged groups are not being given access to supply chains. For supplier vetting, a central control or overview of suppliers at local, national, regional and global level is important. Contracted.

Supply chain 36

Supply chain Management Supply Suppliers 36

Zycus Cognitive Procurement

DECEMBER 9, 2020

Now that the situation is slowly moving towards normalcy, supply chain and procurement teams are under insurmountable pressure to monitor and mitigate supplier risks and compromise competitiveness closely. in the supplier’s jurisdiction, will have an impact on your supply chain. Source: [link] ).

Risk management 52

Risk management Risk Suppliers Management 52

Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. This can range from raw materials for production, to office supplies, to strategic partnerships. The Importance of Key Performance Indicators (KPIs) in Procurement Key Performance Indicators, or KPIs, take procurement metrics one step further.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JUNE 27, 2023

Cost Savings and Efficiency Gains: By leveraging digital tools for spend analysis, organizations can identify areas of unnecessary expenditure, negotiate better contracts with suppliers, and optimize procurement processes. This leads to significant cost savings and improved operational efficiency.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Let's Talk Supply Chain

MARCH 31, 2025

Additionally, Boeing is focusing on enhancing supply chain resilience through diversification and strategic planning to address the uncertainties brought‍ about by tariffs. Supply Chain Mapping: Conducting thorough assessments of the supply chain to pinpoint areas vulnerable to disruptions and devise contingency plans.

Agile and Lean Supply Chain 52

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