November, 2024

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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Core Procurement Skil ls Strategic sourcing Supplier relationship management Contract negotiation Vendor evaluation and selection Cost analysis and reduction Procurement planning Inventory management Spend analysis Risk management in procurement Market research Financial Acumen Budget management Total cost of ownership analysis Financial forecasting Return on investment (ROI) analysis Payment terms optimization Financial risk assessment Cost-benefit analysis Lifecycle costing Procurement financi

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Avoiding the AInxiety trap

Procurement Leaders

It’s amazing how revitalising a few days in the company of a group of procurement leaders can be. Guaranteed to recharge the inspiration batteries, face-to-face time with members is what’s best about being in this role. And being in Singapore for the Asia Pacific Procurement Congress last week left me in no doubt that the region continues to be a powerhouse of energy, innovation, creativity and growth.

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SpendHQ: Vendor Analysis (Part 1) — Spend analytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

In this Spend Matters Vendor Analysis we provide an overview of SpendHQ and its solution for spend analytics and procurement performance management. Part 1 of this vendor analysis provides a detailed overview of each module and includes an analyst summary. In part 2 of this series, we will provide more details on the strengths and opportunities of the solution, review the competitive landscape and provide selection considerations.

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The Challenge of Plastic Waste: A Global Crisis

All Things Supply Chain

For decades, plastic recycling has been riddled with complexities. Many plastic containers, especially those composed of multi-layered films, have traditionally been deemed unrecyclable.

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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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MIT MicroMasters Program In Supply Chain VS SCMDOJO

SCMDOJO

Supply chain management has grown tremendously in recent economic times. It has evolved dramatically and has significantly impacted various experts and their professional experiences. However, the question arises: Which platform can provide the best supply chain courses? There’s tough competition between the MIT MicroMasters Program in Supply Chain and SCMDOJO.

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How many ProcureTech Solution providers are chickens trying to be eagles?

Procurement Insights

EDITOR’S NOTE: Today’s post is inspired by the following LinkedIn post by Marijn Overvest. Once you understand ChatGPT in procurement, even your coffee orders get a cost-benefit analysis. Once you know how to use it, there is no way you’ll ever work without it. Hope you liked this post! Repost to share with your network. My name is Marijn Overvest , I’m the founder of Procurement Tactics – we train procurement teams with online courses.

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A formula for success

Procurement Leaders

A couple of weeks ago, I hosted a call for Procurement Leaders’ CPO community during which the CPO of a major healthcare organisation shared his function’s transformation journey, the lessons learned and its impact. One of the keys to the success of the transformation was that it had a clear purpose and was fully aligned with the organisation’s need to pivot following the impact of Covid, and subsequent earnings and share price underperformance.

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IDAS (M.K. Technologies LTD): Vendor Analysis — PO Lifecycle Management solution overview, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we give an overview of IDAS, a solution from M.K. Technologies built to address critical challenges faced by manufacturers, particularly unexpected late deliveries, which can halt production lines and damage customer relationships. By providing a unique supplier portal that integrates data from various ERP systems, IDAS helps manufacturers maintain on-time delivery rates, ensuring operational efficiency and stability in complex supply chains.

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Supply Chain 2025: When Visibility Isn’t enough

All Things Supply Chain

In today’s supply chain landscape, mere supply chain visibility isn’t enough for any business involved. And the reason is quite simple. Visibility alone cannot drive business value.

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Remote work in Procurement

ABC of Procurement

We live in an era of Remote work. However, I rarely find remote procurement teams. Is there a real reason for it? The post Remote work in Procurement first appeared on ABC of Procurement.

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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 Ways to Get Paid Faster: Streamlining Your Cash Flow

Finale Inventory

In today’s fast-paced business environment, maintaining a healthy cash flow is crucial for success. Delayed payments can hinder growth, strain relationships with suppliers, and create unnecessary stress. Let’s explore five strategies to accelerate your payment collection process by 20%-80% 1 and improve your financial health. 1. Implement Accounts Receivable (AR) Automation One of the most impactful ways to speed up payments is with an AR automation platform.

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Does a 2008 answer to a question on “optimization modeling” still stand in 2024?

Procurement Insights

EDITOR’S NOTE: More than two decades ago, the foundational elements for successfully utilizing advanced, self-learning algorithms to optimize the procurement process using an agent-based model were well established. Somewhere along the line, we got distracted by SaaS and digital transformation, and now we are at risk of being sidetracked by Agentic AI.

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Consolidating the USPS Final Mile

Art of Procurement

Maybe it is because I grew up watching Mr. Rogers Neighborhood, but there is something about the United States Postal. The post Consolidating the USPS Final Mile appeared first on Art of Procurement.

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Vroozi: Vendor Analysis (Part 1) — Procure-to-Pay solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Vroozi and its solution for procure-to-pay (P2P). The procure-to-pay space continues to evolve as organizations demand more efficient, automated solutions to manage procurement, invoicing and payment processes. As businesses prioritize streamlining operations and improving financial control, the need for comprehensive, cloud-based P2P platforms has grown.

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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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AI’s Role in Construction and the Supply Chain

All Things Supply Chain

AI technology continues to take the world by storm with its innovative tools and revolutionary systems. Industries around the globe are reaping the benefits, including the construction supply chain.

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Pitney Bowes cuts 2,300 jobs in continued cost-savings push

Supply Chain Dive

The company is planning further workforce reductions that it aims to complete next year.

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Navigating Procurement Disruptions: A Candid Discussion with Dr. Rutkoski

Arkestro

Resources / Blog / Navigating Procurement Disruptions: A Candid Discussion with Dr. Rutkoski Navigating Procurement Disruptions: A Candid Discussion with Dr. Rutkoski It’s no secret that we’re in the midst of a supply chain crisis. The Baltimore bridge collapse , geopolitical instability , and even recent IT outages have impacted a whole range of industries, from airlines to banking to logistics.

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What makes a procurement professional a good negotiator?

Procurement Insights

I recently received an invite to an upcoming 30-minute webinar titled “ These 3 Practices Will Boost Your Career: The power of data-driven negotiating.” In this live webinar, Rod Sherkin will describe three Procurement Practices that will drive down purchase costs; strengthen your supply chain; and advance your career by quantifying the value you create.

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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

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

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.

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ICYMI: Preparing for Black Friday Cyber Monday

Finale Inventory

Black Friday and Cyber Monday (BFCM) are the ultimate tentpole events for ecommerce sellers, but success doesn’t come without preparation. During a recent webinar, industry experts Richie (Levanta), Ali (Trellis), and Samantha (Finale Inventory) joined forces to share actionable insights on how sellers can thrive this holiday season. Whether optimizing pricing, managing inventory , or strategizing your marketing campaigns, the key takeaway was clear: agility, planning, and data are your best fri

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‘Return on Relationships’ – the ROI of building supplier relationships and how to measure it

Spend Matters

The annual State of Flux global supplier relationship (SRM) management study made its appearance in London last week at the 2024 Supplier Management Summit in its 16th rendition, this time themed ‘Return on Relationships (RoR). The report once again delivers data-backed findings of the state of SRM across the globe and gives best practice models, guidance and suggestions stemming from those findings.

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New Supplier Relationship Management Certificate  

All Things Supply Chain

The Association for Supply Chain Management (ASCM) has launched a new supplier Relationship Management certificate designed to help supply chain professionalsbuild strong supplier relationships.

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Amazon’s inbound fulfillment process is getting a makeover

Supply Chain Dive

CEO Andy Jassy said initial efforts to improve inventory placement are bearing fruit while more investments are underway.

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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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Get Out of the “Bad Habits” of Traditional Procurement by Leveraging 21st Century Technology

Arkestro

Resources / Blog / Get Out of the “Bad Habits” of Traditional Procurement by Leveraging 21st Century Technology Get Out of the “Bad Habits” of Traditional Procurement by Leveraging 21st Century Technology By Matthew Mills, Solutions Consultant at Arkestro Procurement has long been at the forefront of organizational strategies, with the objective of managing spend efficiently and driving cost savings.

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Which Of The Following ProcureTech Practitioner Client Interviews Is The Most Helpful?

Procurement Insights

INTERVIEW #1 – James Carithers, COO – Peak Utility Services Group (AdaptOne) – [link] INTERVIEW #2 – Why did Barilla Group Choose o9 Solutions (o9 Solutions) – [link] INTERVIEW #3 – Ryan Meonske, Head of Strategic Procurement – Databricks (ZIP) – [link] COMPARISON BETWEEN ZIP, SOLUTION o9 AND ADAPTONE Here’s a comparative analysis of the pricing models for ProcureTech solution providers ZIP , o9 Solutions , and AdaptOne based on their offerin

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China’s Chancay Megaport in Peru Opens

Supply Chain Brain

The China-backed megaport has the potential to create whole new trade routes that will bypass North America entirely.

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Zoom in on Reputational Risk

Spend Matters

When we talk about reputational risk, we refer to damage to a company’s name or brand resulting from the negative actions (inadvertent or not) of a top-tier supplier or sub-tier part of the supply chain. A common trigger of reputational risk can be non-adherence to, or ignorance of, domestic or international standards, regulations or legislation pertaining to issues such as forced labor, bribery, human rights and transparent labeling of goods in the food industry.

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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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Tariffs, Trade, and Transition: The US Election’s Potential

All Things Supply Chain

Tomorrow marks the 2024 U.S. presidential election, a pivotal event with significant implications for supply chains.

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Ports prioritize cargo handling equipment with EPA funding

Supply Chain Dive

The federal agency will dole out $3 billion to support emissions reduction goals at 55 ports.

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Technology Trends 2024: McKinsey’s Analysis & What It Means for High-Tech Manufacturing

Arkestro

Resources / Blog / Technology Trends 2024: McKinsey’s Analysis & What It Means for High-Tech Manufacturing Technology Trends 2024: McKinsey’s Analysis & What It Means for High-Tech Manufacturing The high-tech manufacturing industry — and the market at large — has seen its share of challenges over the past few years. Technology equity investments fell 30-40% in 2023 alone, largely due to increased costs and economic uncertainty.

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The 2024 Tariff Plan Impact On Direct Material Silent Slopes

Procurement Insights

“Clearly, tariffs will raise costs for imported and domestic raw materials (steel, aluminum, plastic resins, wood, paper, etc.). We should all be prepared when suppliers cite these cost increases to justify higher prices for the products they sell us. Preparation includes detecting supplier “Margin Creep” (Silent Slopes) – the common practice of raising prices more than required to cover their cost increases.” – Rod Sherkin , ProPurchaser.com Inc.

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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!