Procurement Insights

JANUARY 3, 2025

Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies. Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. How JAGGAER Helps JAGGAERs ESG solutions help procurement teams integrate sustainability into their sourcing strategies.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking is the process of monitoring and managing procurement activities. Procurement Tracking: Why is it Important?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Jaggaer

OCTOBER 24, 2024

By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

NLPA (Next Level Purchasing Association)

AUGUST 28, 2024

Supplier onboarding is a critical process in procurement and supply chain management, directly influencing efficiency and performance. This guide explores key steps, challenges, and best practices to optimize onboarding within procurement and purchasing contexts.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Supply chain Suppliers 52

Jaggaer

MARCH 6, 2025

The landscape of public sector procurement has undergone significant transformation in recent years, driven by advancements in technology, evolving regulatory frameworks, and an increasing emphasis on sustainability. Blockchain Technology: Blockchain ensures transparency, security, and traceability in procurement transactions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

Procurement Templates

NOVEMBER 26, 2023

The Current Procurement Landscape Procurement specialists, often the linchpin of supply chain operations, orchestrate the acquisition of goods and services, ensuring cost-effectiveness and timely delivery. Navigating Ethical Considerations One of the discussions around AI is that ethical considerations loom large.

Procurement 130

Procurement Supply Chain Efficiency Ethics Supply Chain Optimization 130

TYA Suite

NOVEMBER 15, 2024

In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Procurement Templates

MARCH 3, 2024

Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Planergy

FEBRUARY 24, 2025

Download Free Copy Ultimate Guide to Procurement in Education: Tips for Schools & Academies Category Spend Management Written by Keith Murphy 16 min read Tags Education Procurement Last edited February 24, 2025 Download PDF IN THIS ARTICLE What is Procurement in Education? Who Benefits from Efficient Procurement?

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By combining spend visibility with insights from AI, procurement teams are better equipped to implement category-specific cost savings initiatives.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Jaggaer

APRIL 22, 2019

Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. Clear steps to sustainable procurement. A quick look at the regulatory landscape.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

Procurement Heads

FEBRUARY 7, 2023

For Procurement Heads ’ latest CPO Spotlight, Magdalena spoke with Rupert Gaster about why she chose to complement her procurement career with end-to-end supply chain roles and what drives her curiosity. How procurement has evolved since seems just unimaginable. There are many benefits of this career strategy.

Supply Chain Efficiency 130

Supply Chain Efficiency Raw materials Category management Sustainability 130

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

Procurement Heads

JULY 6, 2022

And lastly, there is the travel team, which looks after travel and sits under procurement and that team is split between Newcastle and London. We are doing well and we have an aspiration to be the leading procurement team in the legal industry so that is something that we keep at the heart of any agenda.

Networking 241

Networking Supplier relationship management Procurement Risk 241

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Jaggaer

MARCH 20, 2025

Since many public institutions operate under performance-based funding models, changes in enrollment, graduation rates, or workforce outcomes could directly impact their budgets, forcing procurement teams to find cost savings and reassess long-term vendor contracts. But now is the time to step up to the next level.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

SCMDOJO

APRIL 26, 2023

It involves segmenting spending into areas that contain similar or related products, allowing for a focused approach on categories that offer opportunities for consolidation and efficiencies. Using category management software is ideal as it creates visibility and efficient management. Sustainable/ethical procurement.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Una

MARCH 30, 2023

My CFO only cares about cost reduction This is a common excuse for procurement teams who are struggling to move the needle beyond cost reduction. Additional resource: How to Manage Procurement Risk with a GPO Sustainability Procurement can prioritize sustainable sourcing practices to reduce the environmental impact of the supply chain.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Empowering CPO

MAY 5, 2023

Embracing digital technologies has become a necessity for companies to streamline operations, improve customer experiences, and increase overall efficiency. Procurement’s Role in Driving Business Success Procurement, often viewed as a behind-the-scenes function, plays a critical role in a company’s success.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

SCMDOJO

OCTOBER 27, 2023

Delivery and Lead Time Negotiation: Negotiating the timeframes for delivery and lead times to ensure timely supply without disruptions. Risk Mitigation Negotiation: This negotiation involves discussing strategies and terms to manage and mitigate risks associated with procurement. Set Expectations: Suppliers appreciate transparency.

Supplier negotiation 105

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

IBM Supply Chain Blog

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. For example, supply chain disruptions are difficult to predict.

Sourcing 91

Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Planergy

MARCH 19, 2025

Efficient supplier relationships streamline operations, improve resource use, and create better student learning environments. However, budget restrictions and transparency requirements present challenges. For schools, this ensures classrooms and operational areas remain functional and efficient.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Arkestro

SEPTEMBER 29, 2023

Why is autonomous procurement important? Procurement teams run at the highest level of efficiency with autonomous procurement. It empowers procurement professionals to focus on high-yield, valuable work, rather than on routine and menial tasks. How can you leverage AI to optimize procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Una

NOVEMBER 14, 2022

This left procurement organizations and departments scrambling to find more strategic alternatives to not only survive but carve out their place in an evolving global market. How to Market Procurement’s Value Beyond Cost Savings. Redefining the Value Proposition of Procurement. How Procurement Can Add Value to an Organization.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Procurement Heads

AUGUST 11, 2022

When did your interest in procurement and supply chain begin? Here I am, 18 years later having led major procurement transformations in three international companies: British American Tobacco, Heineken and Nestle. How did you engineer your career path to the point you are now at as Head of Supply Chain?

supply chain budgeting 130

supply chain budgeting Supply Chain Efficiency Supply chain Leadership 130

Supply Chain Game Changer

NOVEMBER 26, 2018

As procurement, sourcing and/or purchasing professionals, we could all learn a thing or two from IKEA; an organization that went from a small furniture company in Småland, Sweden started by Ingvar Kamprad, to the major global enterprise it is today. Business Ethics. In my eyes, IWAY was at the center of Ikea’s rapid expansion.

Procurement team 43

Procurement team Supplier relationship management Procurement Suppliers 43

Empowering CPO

MAY 6, 2023

The Evolving Role of Procurement in Businesses In today’s rapidly changing business landscape, procurement has emerged as a strategic function that goes beyond merely purchasing goods and services. This enables procurement teams to focus on strategic activities that contribute to the company’s growth and success.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

Empowering CPO

FEBRUARY 23, 2024

Procurement teams can proactively manage inventory, negotiate contracts, and mitigate risks. It ensures that procurement partners collaborate with reliable vendors, reducing supply chain disruptions. Challenges and Considerations While AI offers immense potential, procurement teams must address challenges: 1.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

Supply Chain Opz

JANUARY 22, 2016

Then, executives need supply chain technology to stay ahead of the game. Markus Rosemann, Vice President for Logistics and Order Fulfillment, SAP There is a great opportunity for technology to relate massive amounts of data from sensors, telematics systems and RFID tagged items in the Supply Chain and Logistics industries.

Supply Chain Efficiency 49

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 49

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. In addition, a well-crafted procurement framework fosters innovation and sustainability.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Una

MAY 9, 2024

In this article, we explore why values alignment is essential and why every procurement team should consider incorporating values alignment into its supplier selection criteria. Enhanced communication and transparency Values alignment significantly improves clear and effective communication between organizations and suppliers.

Import 52

Import Suppliers Supply Chain Efficiency Ethics 52