Spend Matters

MARCH 25, 2025

largely control procurements level of influence. Procurements ability to engage, influence and align with stakeholders determines the extent to which digital transformation efforts deliver sustainable and measurable benefits. However, the reality is that stakeholders, including budget owners, business units, etc.,

Stakeholder engagement 91

Stakeholder engagement Management Procurement Influencing 91

Spend Matters

JANUARY 7, 2025

What customers prioritize when investing in procuretech At Prewave, we find that our customers adopt a structured approach to their ESG and sustainability obligations, which is why its important to provide procuretech solutions that provide a clear, data-driven overview on environmental, social and governance issues.

supply chain software solutions 114

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 114

Supply Chain Game Changer

FEBRUARY 24, 2022

In this concept, the scale of AI influence will gradually increase, since a self-developing system does not need outside help and can modernize itself on its own. Today, cybercrime is becoming more dangerous than terrorism, because computer programs control important military infrastructure facilities that have destructive power.

Import 118

Import Supply chain Influencing Data 118

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2. and sustainability.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

SCMR (Supply Chain Management Review)

JANUARY 2, 2024

While nearshoring can be a risk mitigation tool, it’s important for businesses to consider the differences between countries, including cultural, trade and even weather patterns, which can lead to road closures or weight reductions.

Influencing 105

Influencing Risk Import 105

SCMDOJO

DECEMBER 29, 2024

This course will teach you a lot about procurement and purchasing, trends and tendencies in procurement, the role and influence of the procurement function in the company, types of procurement, and more. Beyond her professional endeavors, Fatima is a recognized social media influencer. Supply Chain KPIs add color to your organization.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Procurement Templates

NOVEMBER 21, 2024

Stay Updated on Regulations: Regularly review trade agreements, import/export rules, and labor laws. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Resources: Online modules on procurement law (e.g., Coursera, Udemy).

Agile and Lean Supply Chain 130

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

Procurement Tactics

APRIL 17, 2023

Importance of Sustainable Procurement As consumers are becoming aware of how their purchases affect the environment, it is very crucial for every business to reduce its carbon emission footprint to help combat climate change and retain its customers. Thus, it is important to choose your suppliers wisely.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Spend Matters

OCTOBER 31, 2024

The combination of the above, together with strong experience in the field, means that the solution can be used on the buyer’s side to influence design decisions and on the supplier’s side to attract and develop business. to provide deep and accurate insights and auto-costing.

Buyers 114

Buyers Raw materials Networking Suppliers 114

Procurement Heads

FEBRUARY 22, 2023

Procurement as a function is uniquely positioned to influence how a company spends its money. We can influence our stakeholders in our respective companies to make better or more informed decisions and we can also influence suppliers in the way that we engage with them.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Supply Chain Game Changer

OCTOBER 15, 2022

Among the factors that most significantly influence the development of the pharmaceutical industry, the following should be highlighted: Demographic (population growth rates, birth rate, mortality and life expectancy, migration, etc.); Importance of Pharma Software Development. Political. .); Read more about this below.

supply chain software solutions 94

supply chain software solutions Import Raw materials Supply Chain Efficiency 94

Spend Matters

FEBRUARY 10, 2025

Here we look at Why change is difficult: the current state of things (State 1) and what the transformed state could be (State 2), and the two types of influence that hinder a clear assessment of these two states. We look at How to work through change: the importance of change management.

Procurement 68

Procurement Change management Influencing Innovation 68

Procurement Templates

DECEMBER 11, 2024

Your team may be the most important asset for your own personal development. Sustainability and Compliance: Ensure procurement activities align with environmental, social, and governance (ESG) standards and regulatory compliance. Contribute ideas and learn from others.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

IBM Supply Chain Blog

DECEMBER 7, 2023

In short, CEOs know how important generative AI and other AI technologies are becoming to create a future-proof customer service strategy. Customer support is an incredibly important defense against customer turnover.

Influencing 77

Influencing Data Import Demand 77

Procurement Insights

MARCH 19, 2025

Procurement Insights Client Direct Success Confirmation: I will try to connect with the above organizations for their direct feedback on working with Oro Labs and how practitioner involvement influenced or impacted the outcome.

Procurement 52

Procurement Import Suppliers Sourcing 52

ProcurePort

MAY 19, 2021

Any marketplace is going to be influenced by the dynamic that develops between buyers and suppliers. This is essentially economics 101, but it’s an important and powerful principle that applies to a wide variety of industries. In procurement, the practice of maintaining vendor relationships is known as supplier management.

Suppliers 130

Suppliers Vendor relationships Management Influencing 130

SCMDOJO

NOVEMBER 20, 2024

Read In Detail About Supply Chain Collaboration Here Practical Strategies To Reduce Obsolete Inventory MOQ Reduction Reducing the minimum order quantity is very important in optimizing inventory. Beyond her professional endeavors, Fatima is a recognized social media influencer. You can follow her on LinkedIn or Instagram.

Inventory 98

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

Procurement Tactics

MARCH 17, 2023

For example, although the US is the top propane producer, it still imports an average of 3,500 propane barrels from Canada every day. The importing and transporting process takes time, labor, and resources which add up to propane market value. This influences its supply availability in the market.

Price 192

Price Demand Influencing Import 192

Procurement Heads

OCTOBER 26, 2022

The environment, with high inflation, economic uncertainty, and difficult times – it is important to focus on resilience in the supply chain, mitigating cost increases and managing risk and compliance. It’s really important to get the balance right between selling yourself and not talking too much. Don’t just go for savings.

Supply Chain Efficiency 246

Supply Chain Efficiency Supply chain Sustainability Suppliers 246

Procurement Insights

FEBRUARY 24, 2025

Identifying these hidden connections allows for a collective influence on desired outcomes, enhancing strategic planning and operational efficiency. By doing so, AI agents can make more informed decisions, considering the broader context and the subtle influences of related data streams.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Import Procurement 52

Procurement Tactics

MARCH 22, 2023

Demand Pressure The renewing of China’s steel and construction industry after its strict Covid lockdown doubles the demand for iron ore as China is already the biggest iron ore importer since 2018, accounting for almost 70% of iron ore imports globally. Concentrated iron ore becomes an important ingredient in making steel.

Price 194

Price Export Demand Supply Chain Efficiency 194

Procurement Tactics

APRIL 6, 2023

Importance of Sustainable Supply Chain The nature of the supply chain involves energy-intensive production and transportation as goods are made and moved around the world. Managing sustainable procurement Managing sustainable procurement is an important factor in adopting sustainability in your supply chain.

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

IBM Supply Chain Blog

AUGUST 11, 2023

CEOs and CFOs are willing to invest in IT services and technology because they understand and appreciate their importance in building a modern business and delivering exceptional products and customer services. IT cost management has grown in importance because cost control is top of mind for every organization across all industries.

Import 74

Import Management Budget Real-time Visibility 74

Procurement Insights

FEBRUARY 25, 2024

Did upper management’s pressure to meet an unrealistic selling price unduly influence their decision? What role did the PC manufacturer’s purchasing department have in the power supply selection? Finally, could the purchasing department’s management have done anything to avert the disastrous outcome?

Supply chain 87

Supply chain Import Supply Influencing 87

ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement’s value became evident, as did the importance of the supplier relationships they had built.

Chief Procurement Officer 130

Chief Procurement Officer Agile and Lean Supply Chain Procurement Supply Chain Efficiency 130

Procurement Templates

APRIL 15, 2024

These traits can influence various aspects of decision-making, including procurement decisions in businesses. Here’s how each of these traits might influence procurement: Openness to Experience: Innovation Preference: Individuals high in openness tend to be more open to new ideas, technologies, and approaches.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Insights

DECEMBER 3, 2024

Reference to Triple Bottom Line post Consumer decision-making regarding ESG (Environmental, Social, and Governance) goals is influenced by several concerns, which can either encourage or hinder their commitment to purchasing products and services that align with ESG principles. Reference to Scoutbee buycott versus boycott post.

Chief Procurement Officer 58

Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

Procurement Tactics

APRIL 13, 2023

Thus, it is important for companies to ensure that their business operations, especially their procurement, do not negatively affect the environment. We will tell you the importance of a sustainable environment and the issues that revolve around it. Why is Environmental Sustainability Important? Why is it important?

Sustainability 195

Sustainability Raw materials Procurement strategies Negotiation 195

Procurement Tactics

FEBRUARY 22, 2023

Avocados are often imported from countries like Mexico, Chile, and Peru, and if the cost of shipping and handling increases, so too may the price of avocados. If the cost of importing or exporting avocados increases due to trade policies, this may impact the price of avocados in countries that rely on imports or exports.

Price 156

Price Export Demand Influencing 156

Procurement Heads

MARCH 27, 2023

And of course, we’re all thinking about a general election that’s likely to happen in the next few years, which could influence procurement legislation being introduced following Brexit. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Procurement Tactics

JUNE 8, 2023

We will tell you its importance and the benefits you can gain from it. Why is it Important? Furthermore, it can influence the market by creating demand for sustainable products, services, and companies. However, what is it? In this article, we will define what sustainability ratings are.

Sustainability 190

Sustainability Ethics Negotiation Procurement strategies 190

Procurement Tactics

MARCH 20, 2023

BRIC Imports The five emerging economies: Brazil, Russia, India, and China can get a hold of Brent prices too. China’s re-opening of trade after its long and hard battle against the Covid lockdown and India’s increasing Brent oil import make the supply and price demand even tighter.

Price 200

Price Export Demand Influencing 200

SCMDOJO

FEBRUARY 26, 2025

While CPI is normally used within project management and earned value analysis, it has significant application and importance within supply chain contexts, particularly in procurement, logistics and warehousing. al has highlighted the below factors and their causal relationships that influence CPI. The research paper by Winanda et.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Procurement Tactics

MARCH 17, 2023

Despite sanctions and banning the import and purchasing from the G7 countries, Urals oil prices maintain their stand in the market. An increase in demand and low supply highly influences its price to spike and an abundant supply and normal demand will cause its price to decrease. Here are the top reasons for its price fluctuations: 1.

Price 166

Price Export Demand Purchasing 166

Procurement Heads

FEBRUARY 16, 2023

For Procurement Heads ‘ latest CPO Spotlight, Sebastien spoke with Rupert Gaster about his career, how CPOs can influence an organisation’s sustainability agenda and what key achievements he’s most proud of. How did it feel to be recognised once again in the CIPS Power List? It always gives a double feeling in my opinion.

Influencing 130

Influencing Sustainability Procurement Supply Chain Efficiency 130

Procurement Tactics

MARCH 15, 2023

However, more underlying factors influence its value in the market. Oil Prices Oil is an important input cost of wheat production. In the 12th century, milling wheat for flour became common and in the 19th century, wheat became the UK’s most important crop for consumption. Why are wheat prices fluctuating?

Price 186

Price Export Demand Quantity 186