Sat.May 06, 2023 - Fri.May 12, 2023

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Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities.

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Cost Savings Through Reverse Auction Software in Purchasing

ProcurePort

In the world of purchasing, every dollar counts. Companies are always looking for ways to optimize their procurement processes and achieve cost savings to improve their bottom line. One tool that has gained considerable attention in recent years is reverse auction software. By leveraging this technology, businesses can streamline their purchasing operations, enhance supplier competition, […] The post Cost Savings Through Reverse Auction Software in Purchasing appeared first on ProcurePort

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Procurement KPIs: 22 Essential Metrics for Tracking and Visualizing Procurement Performance

Pipefy

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. They are essential to measure the costs and reliability of a business strategy, as well as the performance and results. “Tracking” a KPI refers to the continuous monitoring of its changes for the purposes of future planning.

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Building Sustainable Procurement: Integrating Environmental and Social Factors for a Greener Future

Empowering CPO

Introduction A. The Importance of Sustainable Procurement In today’s rapidly evolving global economy, businesses and organizations must look beyond traditional procurement practices to ensure long-term success and positive impact. Sustainable procurement has emerged as a vital approach to address environmental and social concerns while optimizing business performance.

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GEP Spend Category Outlook Report 2025

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.

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The Importance of Supply Chain Visibility for Procurement

NLPA (Next Level Purchasing Association)

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them. This is where Sales and Operations Planning (S&OP) comes in – it allows businesses to align their procurement and logistics strategies, optimize their supply chain, and reduce costs.

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Warehouses Are on a Journey to Going ‘Dark.’ How Long a Trip Will It Be?

Supply Chain Brain

Warehouse work is boring and numbingly repetitive. So why not turn the whole thing over to machines?

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Digital Procurement – Where to Start

Positive Purchasing

Ian Platt heads up the Procurement Centre of Excellence at Syngenta Group, a US $33 billion global agricultural technology company. Just over a year ago, Ian initiated a move to digital procurement in a business that is leading the field in finding better ways to feed the World whilst helping to save the planet. Now, with his digital procurement journey well under way, Ian shares some learning and insights to help you on the way to your own digital procurement future.

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Building a Procurement Function From Scratch

Una

Building a Procurement Function From Scratch With the right approach, building a procurement function from scratch can create streamlined and efficient processes that deliver real value to your organization. By Hugo Britt | May 11, 2023 Search Whether you’re building a new house, moving to a new city, or learning a new skill, starting from scratch can be a daunting task.

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CPFR in Supply Chain — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? In this article, we will tackle what CPFR in Supply Chain is. We will discuss the importance and the different stages of CPFR. in addition, we will share with you the benefits you may get and the issues you may fa

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Supply Chain Weekly Wrap-Up 05/05/2023-05/11/2023

All Things Supply Chain

What Chat GPT competitor Google’s Bard Can Do Google’s announcement of its new operating system for its in-house chatbot, Bard, at its recent developer conference.

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5 Ways You Can Win Faster with Gen AI in Sales

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.

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Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment

ivalua

Ivalua Spend Management Insights [ivory-search] Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment May 9, 2023 | | Public Sector /by he I have spent most of my career in the private sector and started to get in contact with the space in recent years. Though the private and public sectors may appear to be distinct entities, a closer look reveals many shared characteristics.

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US Postal Service reduces FedEx spend amid transformation plan

Supply Chain Dive

The agency is scaling back its reliance on air transport, which spells trouble for FedEx Express.

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UK Import and Export Statistics 2023

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter UK Import and Export Statistics — 16 Key Facts and Figures According to the World Bank’s data, the United Kingdom with a population of 67 million people recorded a $3.2 trillion dollars in GDP ( gross domestic product ) making it the second-largest and most powerful European country in international trading, the fifth-largest economy in the world, and the leading G7 m

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[Pod] Supply Chain Cyber Attack: Expeditors and iRobot

Art of Procurement

Cyber attacks have been on the rise since 2020, occurring with increasing frequency and having a more detrimental impact to. The post [Pod] Supply Chain Cyber Attack: Expeditors and iRobot appeared first on Art of Procurement.

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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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Using Supplier Management Software to Manage Supplier Risk

ProcurePort

Supplier Management Software: Supplier Risk: Effective supplier management is critical to the success of any business. As organizations grow, managing a growing number of suppliers can become increasingly complex. To ensure a seamless and efficient supply chain, businesses need to implement robust supplier management practices that help mitigate supplier risk.

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UPS, Teamsters kick off high-stakes national contract negotiations

Supply Chain Dive

The delivery giant is optimistic about reaching an agreement, but some say the risk of a strike is higher than in previous years.

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Scotland Import and Export Statistics 2023

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Scotland Import and Export Statistics Scotland’s imports and exports rely heavily on its vast economic strength however, after Brexit, the country feels its reconstructed trade agreement. Scotland is an open mixed economy whthatncludes private freedom varieties, centralized economic planning, and regulation by the government.

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The Big Interview with Darren Jackson

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what he looks for when hiring. How did you get into procurement? By accident, as 99% of people probably say! I graduated in accountancy and finance and thought that was what I was going to do but I struggled to find a role at that time. I ended up in a temp job with a cycle manufacturer, basically just data entry within the supply chain.

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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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Implementing Strategic Sourcing Software: The Initial Steps

ProcurePort

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes. • Enhanced Supplier Collaboration: By streamlining communication and fostering transparency, strategic sourcing software strengthens relationships with suppliers, leading to better collaboration, risk mitigation, and long-term partnerships.

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Kraft Heinz leans on AI to boost its supply chain performance

Supply Chain Dive

The food giant’s service rates and sales have improved with digital tools that provide visibility into its operations, though some ingredient shortages persist.

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Invoice Reconciliation — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Reconciliation — Everything You Should Know Invoice reconciliation can help businesses in fixing issues regarding payments. However, many people view it as a minor task. In this article, we will discuss what invoice reconciliation is.

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The Big Interview with Darren Jackson

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what he looks for when hiring. How did you get into procurement? By accident, as 99% of people probably say! I graduated in accountancy and finance and thought that was what I was going to do but I struggled to find a role at that time. I ended up in a temp job with a cycle manufacturer, basically just data entry within the supply chain.

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GEP Outlook Report 2025

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

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Introducing the technology behind watsonx.ai, IBM’s AI and data platform for enterprise

IBM Supply Chain Blog

We stand on the frontier of an AI revolution. Over the past decade, deep learning arose from a seismic collision of data availability and sheer compute power, enabling a host of impressive AI capabilities. But we’ve faced a paradoxical challenge: automation is labor intensive. It sounds like a joke, but it’s not, as anyone who has tried to solve business problems with AI may know.

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Nestlé closes 2 Pennsylvania plants

Supply Chain Dive

The company's heath science division will lay off more than 300 workers as it consolidates its supply chain.

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Thailand Import and Export Statistics 2023 — 15 Key Figures

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Thailand Import and Export Statistics — 15 Key Figures Thailand is a vibrant and rich country famous for its beautiful beaches, magnificent temples, flavorful cuisines such as Pad Thai and Tom Yum Goong. Thailand emerged as an upper-middle income country after its remarkable social and economic progress due to smart implemented policies.

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The Promise of AI and Robotics for a Cleaner, Brighter Future

Supply Chain Brain

Advances in robotics and artificial intelligence are making solar power more accessible and more efficient than ever before.

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10 Ways to Leverage Buyer Signals and Drive Revenue

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.

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ERP Master Data: A Guide to Improve Quality & Governance

SCMDOJO

In today’s fast-paced business world, organizations are increasingly relying on technology to streamline their operations and stay competitive. One such technology that has gained immense popularity in recent years is Enterprise Resource Planning (ERP) systems. ERP is a broad term that encompasses the financial, manufacturing and distribution capabilities of a company.

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UPS’ Roadie launches same-day delivery service for oversized items

Supply Chain Dive

Shippers using RoadieXL will be connected with a driver who has the proper vehicle and equipment to handle bulky items.

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Introducing watsonx: The future of AI for business

IBM Supply Chain Blog

Today is a revolutionary moment for Artificial Intelligence (AI). After some impressive advances over the past decade, largely thanks to the techniques of Machine Learning (ML) and Deep Learning , the technology seems to have taken a sudden leap forward. Suddenly, everybody is talking about generative AI: sometimes with excitement, other times with anxiety.

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Overcoming Supply Chain Challenges in 2023

Supply Chain Brain

The priorities of supply chain managers are changing. The ultimate goal today is customer centricity.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.