Procurement Templates
DECEMBER 28, 2023
A certain amount of stress is normal in procurement, we are chasing deadlines, trouble shooting contracts, keeping stakeholders happy, therefore we need an avenue to release the stress and take steps time out to look after ourselves. The busier you are, the more it’s been recommended to take some time out to clear your mind. Sometimes, we don’t have the luxury of leaving our desks, and you can only take so many coffee breaks.
ProcurePort
DECEMBER 26, 2023
In the dynamic landscape of modern business operations, the Procure-to-Pay (P2P) process stands as a linchpin, connecting the various facets of supply chain management into a seamless and efficient workflow. P2P encapsulates a series of meticulously orchestrated steps that begin with the identification of a need for goods or services and culminate in the completion […] The post A Guide to Procure-to-Pay (P2P) Process appeared first on ProcurePort Blog.
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Spend Matters
DECEMBER 28, 2023
Procurement is entering an exciting new era of embedded intelligence. Technologies such as generative artificial intelligence (AI) and machine learning make possible what was only dreamt of in years past — intelligent automation, predictive procurement and exponential data processing. As generative AI and other disruptive technologies continue to accelerate in 2024, embracing digital transformation in the procurement space will be imperative for success.
Supply Chain Brain
DECEMBER 25, 2023
Although the global business community has been confronting modern slavery for years, it hasn’t been able to slow its rise. But there is an opportunity for that to change.
Advertiser: GEP
2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.
SCMR (Supply Chain Management Review)
DECEMBER 26, 2023
As we head into 2024, top 10 supply chain lists feature the usual suspects: technology, visibility, AI. But a focus on talent is needed to ensure the investments in these more high-profile areas provide value.
Procurement Templates
DECEMBER 28, 2023
Have you seen the procurement jobs for Neom? Neom, a brainchild of Saudi Arabia’s visionary leadership, is an ambitious project aiming to forefront change in humanity’s future. With an estimated cost exceeding $500 billion, largely funded by Saudi Arabia’s government initiatives, Neom unfolds as a multifaceted initiative poised to revolutionize sectors globally.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Brain
DECEMBER 28, 2023
By adopting AI technology to analyze critical enterprise-wide contract data and gain insights into supplier practices, companies can identify red flags and deviations from compliance standards
SCMR (Supply Chain Management Review)
DECEMBER 29, 2023
More than half of businesses have moved their enterprise software applications to the cloud, and 76% expect AI to play a key role in their supply chains by 2026 says a report from Loftware.
Procurement Templates
DECEMBER 28, 2023
When you sometimes just want a physical sheet that you can scribble on and a nice planner to boot. Download and print Beige-Minimalist-Daily-Planner-procuremen-templates Download You might also like Team Meeting Agenda The post Daily Planner appeared first on Procurement Templates.
SCMDOJO
DECEMBER 28, 2023
In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. Notably, social commerce entails direct buying and selling on social media platforms. According to a recent report by Global Web Index, modern shoppers distribute their attention across multiple social platforms and are increasingly likely to purchase products on their mobile devices.
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Supply Chain Brain
DECEMBER 25, 2023
For the past few years, the topic of the microchip shortage dominated media headlines. Now, another shortage is creating obstacles on the path to equilibrium in the semiconductor supply chain: talent.
SCMR (Supply Chain Management Review)
DECEMBER 27, 2023
Nearly 75% of companies plan to reduce their share of sourcing from China, with the U.S. and Mexico appearing to be the big winners according to an AlixPartners survey.
Procurement Insights
DECEMBER 27, 2023
EDITOR’S NOTE: Yesterday’s post certainly started to stimulate some thought-provoking feedback from people like Dave Jones and R.Gökhan Hüner. The following are their respective comments and my corresponding response. Dave Jones, MCIPS (and Next Gen Rebel) Great post. Failure to involve end users in tech decisions and subsequent implementation is the main reason things fail.
Procurement Freelancers
DECEMBER 25, 2023
When you are implementing your procurement strategy, you constantly seek to refine your steps.
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Supply Chain Brain
DECEMBER 27, 2023
2023’s peak season will have seen supply chain professionals both relying on tried-and-true peak season strategies and testing next-gen solutions.
SCMR (Supply Chain Management Review)
DECEMBER 28, 2023
A new survey found that 87% of B2B leaders say a supply chain management system is the most important solution to offering a frictionless digital purchasing journey to customers.
Procurement Insights
DECEMBER 23, 2023
Do you know these faces? You better, because these are the faces of procurement’s change in 2024. Over the Holiday break, I will profile each one, briefly explaining why they are on Procurement’s Most Wanted list. NOTE: They are definitely armed with new and dangerous ideas, so be prepared! Once A Rebel, Always A Rebel During my walk on the wild side, I “ aided and abetted ” one or two rebels over the years.
Spend Matters
DECEMBER 27, 2023
For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.
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?
Supply Chain Brain
DECEMBER 26, 2023
It’s important to stay vigilant during the busy season to ensure operations continue running smoothly and employees stay safe on and around material handling equipment.
SCMR (Supply Chain Management Review)
DECEMBER 25, 2023
The Association for Supply Chain Management has introduced a new resiliency certificate that will train leaders on the concepts, practices and trends in building resilient supply chains.
Procurement Insights
DECEMBER 28, 2023
Over the years, I have been asked many times how can I make my clients successful? My answer has always been the same – always try to choose successful clients. The inevitable follow-up question is, what is an example of a successful client? For that answer, let’s go back to a 2007 post in this blog titled “Yes, Virginia! There is more to e-procurement than software!
Procurement Freelancers
DECEMBER 27, 2023
Navigating the intricate supply chain maze can leave you feeling lost, but you don’t have…
Advertiser: GEP
For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic
Supply Chain Brain
DECEMBER 26, 2023
Toyota and Honda will each invest about $1.44 billion in the country, while Isuzu Motors and Mitsubishi will combine to invest the remaining $1.44 billion.
Spend Matters
DECEMBER 29, 2023
For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.
Procurement Insights
DECEMBER 28, 2023
In a previous post, I talked about press releases – more specifically, their effectiveness in influencing prospect and new client decision-making. I then posted the following question on social media to solicit feedback from my 58,000 followers/connections: Here is a response I received on Twitter that echos the sentiments of almost every reply to my question on all mediums: David Loseby MCIOB Chtr’d FAPM FCMI FCIPS Chtr’d FRSA MIoD MICW Another industry thought leader expanded
Vested Way
DECEMBER 29, 2023
In 2016 Telenet – Belgium’s second largest telco provider – found itself in a fast-changing Telecom world. Senior executives chartered a task force to embark on a six-month effort to review the changing landscape of how increased commoditization and digitization would impact how Telenet operated. This strategic review also included assessing core competencies and determining what areas to consider for more strategic outsourcing.
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
Supply Chain Brain
DECEMBER 25, 2023
The nation intends to add almost 88 gigawatts of new capacity by early 2032, a 63% increase from a previous plan published in May 2023.
Spend Matters
DECEMBER 28, 2023
Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. We are highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.
Arkestro
DECEMBER 28, 2023
Just how much do procurement organizations stand to gain by investing in automation tools? To find out, Arkestro conducted a field trial across three different organizations with its predictive procurement tool to analyze how impactful intelligent procurement can be, and how much savings were possible. Corey Turoff, Director of Implementation at Arkestro, explains.
Pipefy
DECEMBER 28, 2023
Process Cycle Efficiency (PCE) is a popular metric organizations use to measure business process efficiency by identifying areas for improvement. Understanding how this metric works is key to enhancing productivity, reducing costs, and delivering higher-quality products and services to customers. In this article, we’ll explore the idea behind the PCE concept, how it is calculated, ways to improve it, and factors that influence the metric.
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