Procurement Templates
DECEMBER 11, 2024
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.
Spend Matters
DECEMBER 10, 2024
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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All Things Supply Chain
DECEMBER 11, 2024
Resilience in supply chain management is essential for keeping businesses steady amid global disruptions like natural disasters, geopolitical shifts and economic shocks.
Procurement Insights
DECEMBER 11, 2024
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.
Advertiser: ZoomInfo
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Positive Purchasing
DECEMBER 11, 2024
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.
Spend Matters
DECEMBER 11, 2024
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
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Jaggaer
DECEMBER 12, 2024
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
Barkers Procurement
DECEMBER 12, 2024
With NATO calling for more industrial production , CPOs in aerospace and defence (A&D) are under more pressure than ever to deliver. Meeting the call wont be easy. It will require careful planning across multiple areas, not the least of which is supplier relations. And this is where CPOs must take heed: while relationships with key suppliers are crucial, smaller businesses must not be neglected.
Procurement Insights
DECEMBER 12, 2024
Question: Why is the build versus buy debate a moot exercise? Answer: Why are practitioners ultimately responsible for the success of their ProcureTech initiative? EDITOR’S NOTE: While the following post references the utility industry, the same approach and mindset apply to any practitioner in any sector – private and public. I am inviting my first-level connections in the utility industry to watch this interview with James Carithers , Peak Utility Services Group ‘s COO.
Positive Purchasing
DECEMBER 11, 2024
Procleus, Capella and Ruby Named Top Software Solutions For Mid-Market Business In the bustling landscape of procurement technology, our suite of digital platforms including Procleus, Capella and Ruby, have earned a prominent spot on ProcurementSoftware.site ‘s Procurement Tech Map for mid-market businesses. Thistech map focuses on companies with revenues between $50 million and $1 billion, helping to simplify a complex landscape of procurement technology solutions tailored specifically fo
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
Procurement Talk with David Byrne
DECEMBER 12, 2024
Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary On this episode, Martin Smith interviews John Butcher, the Procurement Director at Just Eat Takeaway. John shares his journey of building a procurement team from scratch, the challenges he faced, and the importance of hiring the right talent. He discusses the evolving procurement … Continued The post Continuous learning and adaptation: Steps to success from Just Eat – Episode 105 appeared first on Talent Drive.
Let's Talk Supply Chain
DECEMBER 9, 2024
Today Im joined by supply chain software brand Manhattan Associates. Manhattan provide more than just supply chain solutions. Through advanced cloud-native technology, and a cutting-edge vision for supply chain unification, Manhattans team of experienced industry experts are dedicated to equipping their partners with the tools needed to navigate the supply chain commerce world effectively.
Procurement Insights
DECEMBER 9, 2024
Here is the link to yesterday’s post – Is Generative AI A Threat To ProcureTech SolutionProviders? If you haven’t yet read it, please do so. It provides essential context for today’s post. “The adoption of Generative AI (GenAI) in procurement is accelerating, with a significant number of ProcureTech solution providers promoting its benefits.” (Source: ChatGPT) In yesterday’s post, I assessed several ProcureTech solution providers.
CPO Rising
DECEMBER 11, 2024
Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders! Contact us with… The post Procurement News December 11, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Advertiser: GEP
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
Procurement Freelancers
DECEMBER 11, 2024
For businesses seeking professional procurement expertise, a skilled purchasing agent can transform your supply chain… The post Strategic Negotiation Techniques Used by Elite Purchasing Agents first appeared on Procurement Blog | Procurement & Supply Chain News.
Jaggaer
DECEMBER 13, 2024
Understanding Procure-to-Pay (P2P) Strategies and Solutions Procure-to-pay (P2P) is a crucial process for organizations looking to streamline procurement, improve financial management, and enhance supplier relationships. We break down the entire P2P process, including steps, solutions, and related processes like source-to-pay and order-to-cash. Dive into these essential insights to gain a clear understanding of how P2P can optimize your procurement workflow.
Procurement Insights
DECEMBER 10, 2024
I received the following email this morning from ZIP, and am glad they reached out. Hi Jon, Hope you are well. Reaching out because you recently covered Zip for Procurement Insights, so I wanted to give you a heads up that the company just released some compelling end-of-year metrics (total spend processed, # of suppliers managed, AI insights delivered) as well as an impressive list of new enterprise customers (HP, AMD, Pinterest, Affirm, and Toast, to name a few).
CPO Rising
DECEMBER 9, 2024
While the year is not officially over until a few more weeks, we are getting closer to the holidays, and this will be the last Magnus Monday article for this… The post Magnus Mondays 2024: The Year in Review appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
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.
Planergy
DECEMBER 13, 2024
The post Expense Receipts: What Are They and Why Tracking Proof of Purchase for Business Expenses Is Important appeared first on PLANERGY Software.
Jaggaer
DECEMBER 13, 2024
Order-to-Cash vs. Procure -to-Pay: A Comprehensive Overview While Procure-to-Pay (P2P) is widely recognized as a key process in managing organizational spend, its counterpart on the revenue side, Order-to-Cash (O2C), often raises the question s : whats the difference and how does it fit into the bigger picture? P rocure-to-pay ( P2P ), the downstream part of the end-to-end supplier management and procurement process, focuses on the expenditure side of the business.
ContractSafe
DECEMBER 12, 2024
Service agreements are the foundation of successful business relationships between companies and their service providers. These powerful contracts help bring clarity, protection and structure. Think of them as a road map that helps both parties understand their obligations and work together effectively toward shared objectives.
CPO Rising
DECEMBER 13, 2024
Did you miss Ardent Partners’ recent webinar,Cast a Wider Net: Leveraging Innovation to Expand Procurements Influence and Impact,that shed light on how procurement can deliver greater value by focusing on… The post Part Two: Expanding Procurement’s Influence Bridging Complexity with Orchestration appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
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Procurement Insights
DECEMBER 12, 2024
What’s Missing From The Following Slide? In Another Discussion Stream – A Possible Answer To The Above Question? JWH – There are some situations where a simple plug & play buy solution makes sense. There are also situations where a build-it-yourself solution strategy is more appropriate. However, a hybrid approach using an agent-based development and implementation model in which the practitioner takes the lead exponentially increases the likelihood of initiative success, r
Jaggaer
DECEMBER 13, 2024
Understanding P2P: The Core of Effective Procurement The procure -to-pay (P2P) process drives purchasing efficiency for organizations of all sizes, covering every stage from initial requisition to final payment. This end-to-end workflow , typically managed by procurement and finance teams, ensures compliance, efficiency, and transparency across transactions.
NLPA (Next Level Purchasing Association)
DECEMBER 11, 2024
If theres one thing weve learned in 2024, its that effective procurement strategies can make all the difference in a teams success. Whether its about navigating complex supplier relationships, managing costs, or preparing for unpredictable challenges, procurement leaders have shown that adaptability and innovation are key. As 2025 approaches, its time to look back at what worked well and how we can build on those successes for the year ahead.
Pipefy
DECEMBER 11, 2024
Intelligent bots are revolutionizing operational efficiency, allowing companies to manage processes with agility, precision, and cost reduction. These digital tools, powered by artificial intelligence, have become indispensable for driving business evolution. From operational tasks to strategic support, intelligent bots offer tailored solutions for those who need to save time, maximize resources, and increase productivity without compromising efficiency.
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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.
Negotiations Ninja
DECEMBER 11, 2024
Want to break into the lucrative world of industrial sales? It’s a whole different ball game compared to selling directly to consumers. To succeed, you need specialized knowledge and a unique skill set. That’s where industrial sales training comes in.
Jaggaer
DECEMBER 13, 2024
What is Procure to Pay (P2P)? Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments.
Procurement Insights
DECEMBER 10, 2024
The Cast: Montreal Canadien Jersey – Generative AI Boston Bruins Jersey – ProcureTech Solution Provider Bear – Procurement Professional 30
Procurement Freelancers
DECEMBER 8, 2024
Hiring a sourcing and procurement consultant is a strategic move that can significantly boost profitability… The post Why Smart CEOs Hire a Sourcing and Procurement Consultant Before Business Expansion first appeared on Procurement Blog | Procurement & Supply Chain News.
Advertiser: GEP
Tariffs will have a major impact on your supply chain, margins, and operations. Drawing on our work with global companies across manufacturing, automotive, pharmaceuticals, semiconductors, software, technology, financial services, and a range of service industries, we outline the key strategic and tactical actions companies are taking to navigate this period of heightened uncertainty.
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