December, 2024

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What About Procurement Objectives?

Procurement Templates

It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Savings can be cashable or non cashable i.e. cost avoidance.

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Procurement transformation 2025: Why invest in procuretech and how to make the case – Onventis

Spend Matters

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. Alexandra Arens , Senior Content Marketing Manager at Onventis , shares what their customers are looking for from their digital procurement investment based on the 2024 Procurement Barometer study results

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Japanese lessons: read the air

Procurement Leaders

One of my favourite moments from last month’s Asia Pacific Procurement Congress occurred when Asahi CPO Tom Veit took to the stage in Singapore to deliver a presentation with his colleague, Naoki Nagahama. Naoki-san’s official title at Asahi is liaison director – or, in other language, a business partner. He’s part of the connecting tissue between central procurement and the wider, highly complex group of Asahi businesses.

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Top 12 Most-Read Supply Chain Articles Of SCMDOJO 2024

SCMDOJO

In the vast sea of supply chain information, which SCMDOJO supply chain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. 1. Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Navigating the Perfect Storm: How 2024’s Holiday Supply Chain Challenges Can Drive Innovation

All Things Supply Chain

As we head into the 2024 holiday season, the global supply chain faces a convergence of.

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442: On The Margins – How to Thrive Through Cost-Cutting and Corporate Changes

Let's Talk Supply Chain

Its a couple of days before the holidays, the Lets Talk Supply Chain team are having a well-deserved break, and so today, instead of an interview, were bringing you one of my favorite recent episodes from one of our live shows On The Margins with Coupa. On the Margins inspires business leaders to explore the what-ifs of success in the modern era. The show explores the often overlooked and seemingly marginal aspects of procurement, supply chain, and finance operations to reveal thought-provokin

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Procurement transformation 2025: Why invest in procuretech and how to make the case – Vroozi

Spend Matters

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. Mike Jud , Senior Director Customer Experience at P2P solution provider Vroozi , shares what their customers are looking for from their digital procurement investment.

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Simplify Supplier Sustainability Evaluation (+ An Exclusive Template)

Skill Dynamics

As a procurement professional, ensuring your suppliers are acknowledging the role of sustainability within their practices is highly important for, not only the obvious – improving the planet – but building effective relationships and meeting your company’s objectives. What information do you actually need from your suppliers to make a fair sustainability evaluation?

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Future Learn Supply Chain Courses VS SCMDOJO Academy

SCMDOJO

Two prominent online learning platforms, Future Learn Courses and SCMDOJO, offer courses on demand to meet supply chain enthusiasts’ diverse needs. As you know, the supply chain management landscape constantly evolves, necessitating continuous learning and skill development for professionals in this field. This comprehensive comparison will examine the key aspects of these platforms, enabling you to decide which best suits your career goals.

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5 Strategies to Minimize Supply Chain Disruptions

All Things Supply Chain

Resilience in supply chain management is essential for keeping businesses steady amid global disruptions like natural disasters, geopolitical shifts and economic shocks.

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Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

Speaker: Ethan Woolley, Director at Kharon

This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia

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5 Procurement Industry Trends to Watch in 2025

Arkestro

Resources / Blog / 5 Procurement Industry Trends to Watch in 2025 5 Procurement Industry Trends to Watch in 2025 In recent years, the procurement industry has undergone unprecedented transformations driven by the adoption of digital transformation, big data, and advanced technology like artificial intelligence (AI), machine learning, and automation.

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What are the top 10 procurement predictions for 2030?

Procurement Insights

EDITOR’S NOTE: I am under embargo regarding the advanced copy I received from ZIP with their Procurement Predictions for 2025. So, I thought I would make a little prognostication myself. for 2030. There is, however, a twist. I have gone through the Procurement Insights archive of 2,410 posts from 2007 to today to provide what I believe will be a unique context explaining the evolution of predictions over the past couple of decades.

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Navigating the top 5 third-party risks in procure-to-pay processes

Spend Matters

In todays interconnected business landscape, companies rely on suppliers and service providers for core procure-to-pay (P2P) activities, including order processing, invoicing and payments. This dependency, while essential, introduces potential risks that can lead to operational delays, regulatory penalties and financial instability if not effectively managed.

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Procurement Fraud: Identifying Risks and Effective Management Strategies

Skill Dynamics

Procurement fraud is often overlooked, but it can tear away at your company’s integrity and reputation from the inside if left unchecked for too long. Activities such as bribery or inflated invoices can lead to severe legal repercussions, significant financial losses, and can damage your brand beyond repair. Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future.

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The 2025 Annual ProcureCon CPO Report

Procurement leaders are at a pivotal moment. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for

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Top 10 Hottest Courses at SCMDOJO Academy 2024

SCMDOJO

SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Continuous learning is crucial for professionals to stay ahead of the curve and enhance their skill sets. SCMDOJO offers a diverse range of courses to cater to various learning needs. Here are 10 of their top-rated courses: 1. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for E

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10 Modern Maritime Disasters and Lessons for Risk Mitigation

All Things Supply Chain

Maritime shipping remains the backbone of global trade, with container ships transporting goods across the oceans every day.

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5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing

Arkestro

Resources / Blog / 5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing 5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing Historically, technological advancements have powered the major evolutions in manufacturing, starting with the steam-powered industrial revolution of the late 18th century, followed in the early 20th century by electricity-powered mass production, and then the advent of computers in the 1970s.

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Ocean carriers plan Panama Canal surcharges

Supply Chain Dive

MSC and CMA CGM will implement fees for cargo traveling through the major waterway on certain trade lanes to offset increased costs.

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Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.

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Procurement transformation 2025: Why invest in procuretech and how to make the case – Kodiak Hub

Spend Matters

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. Sam Jenks , Chief Revenue Officer at Kodiak Hub , shares what their customers are looking for from their digital procurement investment.

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Navigating the Future of Supply Chains: Insights & Procurement

Jaggaer

Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority. The drivers behind this focus are clear: global disruptions like the COVID-19 pandemic, geopolitical instability, and ongoing conflicts have exposed vulnerabilities in sup

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ZIP, ProPurchaser, MS Excel: Which One Is Right For Your Procurement Organization Right Now?

Procurement Insights

Since most people using ChatGPT trust the outcome (an estimated 60% to 80%), I thought I would throw it a curve ball and ask who ProPurchaser’s main competitors are. It would be an understatement to say I was surprised that ChatGPT identified ZIP as one of ProPurchaser’s top five competitors. I then asked the next (and obvious) question, why are ZIP and ProPurchaser considered competitors?

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New Developments in Supply Chain Management: 2024 and Beyond

All Things Supply Chain

Supply chain management (SCM) is at the forefront of a technological and strategic revolution, driven by global demands and rapid innovations.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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ESG Supply Chain Monitoring and Reporting

Barkers Procurement

In the realm of modern business practices, Environmental, Social, and Governance (ESG) criteria have become integral to shaping the strategic framework of organisations aiming to operate sustainably and ethically. For companies committed to embracing these principles, monitoring and reporting ESG metrics within the supply chain is not just a regulatory requirement but a strategic imperative that enhances transparency, builds trust, and secures a competitive edge.

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Negotiations falling short? 5 Steps to Get Your Negotiation Power Back to Leverage AI in Your Next Negotiation

Positive Purchasing

Negotiations can often feel challenging, especially when external factors seem to diminish your leverage. However, with the right strategies, you can reclaim your negotiation power and achieve favourable terms. Here are 5 steps to help you navigate negotiations effectively and regain control. Negotiation dynamics can shift unexpectedly, making it difficult to secure desired outcomes.

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Tariffs and Procurement (Part 2): Tariff management and building an action plan

Spend Matters

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures. To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supply chain resilience and sustain

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Arkestro Joins the Infor Marketplace to Amplify Procurement’s Influence with Its Infor LN Integration

Arkestro

Press Releases / Arkestro Joins the Infor Marketplace to Amplify Procurement’s Influence with Its Infor LN Integration Arkestro Joins the Infor Marketplace to Amplify Procurement’s Influence with Its Infor LN Integration The leader in Predictive Procurement Orchestration (PPO) partners with Infor Marketplace to redefine procurement’s role in business growth.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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JAGGAER Advances Procurement’s Biggest Priorities and Business Impact with More AI-Driven Features and Hyper-Automation

Jaggaer

JAGGAER One 24.3 enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 version of its JAGGAER One platform. This latest release expands ten years of AI-enabled solution capabilities and enhancements that gives users the ability to work faster and easily leverage strategic insight

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Employee Satisfaction, A Hidden Force in Supply Chain Success

All Things Supply Chain

The year is 1936, the machines are idle, although all the employees are at their usual workstations, but instead of working, they are playing ping pong, reading the newspaper, and…

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Five Insights for Procurement Teams Navigating Peak Season

Barkers Procurement

With Christmas and January sales approaching, procurement teams are well into peak season. Those working for FMCG businesses will be familiar with this period of high demand, its long hours and the pressures of ever-evolving expectations. Its a time when the stakes are high. On the one hand, supply chain weaknesses are open to risk, and even the smallest challenges are magnified.

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Technology Round-Up — December 4, 2024

CPO Rising

CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend… The post Technology Round-Up — December 4, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!