Procurement Insights

JANUARY 3, 2025

Integration with Sustainability Goals : CFOs began to value procurement’s contributions to corporate social responsibility (CSR) , particularly in sourcing ethically and supporting sustainability initiatives. CFOs began to see procurement as critical to business continuity and organizational agility.

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

Jaggaer

FEBRUARY 13, 2025

A guest post by Rose Stephani, Project Leader, Sustainability at H&Z. H&Z partners with JAGGAER to help organizations transform their ESG data into actionable sustainability outcomes. How can sustainability be inserted within this framework? So include carbon reduction criteria in the tendering process.

Leadership 52

Leadership Procurement Supply Chain Efficiency Sustainability 52

Procurement Insights

DECEMBER 3, 2024

Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainable supply chain. STAKEHOLDER (AGENT) 4 What are the main concerns that affect consumer decision-making regarding ESG goals?

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Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

Jaggaer

OCTOBER 24, 2024

Conventional transactional relationships focus on price and delivery terms. This collaborative approach can take various forms, from co-developing new products to jointly managing risks and ensuring sustainability in the supply chain. The aim is not simply to drive down the price, but the total cost.

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Collaboration Innovation Suppliers Supply Chain Efficiency 52

Jaggaer

FEBRUARY 28, 2025

Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth. However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

ivalua

MAY 6, 2021

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. That way you can take steps to mitigate the delay and line up alternative sources of supply.” SVM Is a $12 million Category.

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

ivalua

JUNE 15, 2022

The global supply chain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supply chain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . Session REPLAY. Körber + Ivalua.

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

Planergy

MARCH 18, 2025

Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.

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supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 52

Jaggaer

OCTOBER 24, 2024

This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Tactics

JUNE 7, 2023

Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience.

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supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Arkestro

JANUARY 9, 2024

Policy-Driven Sustainability Sustainable, environmentally friendly procurement practices are no longer nice to have — they’re a business necessity. Consumers are also pressuring manufacturers to increase sustainability practices, and procurement teams worldwide are heeding the call. Sustainable bidding.

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supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Arkestro

JANUARY 4, 2023

Ensuring continuity of supply. Driving sustainability. Particularly for procurement, there will be increased reliance on tools and services that can create and foster supply chain resilience, cost optimization, and agility,” Mellot added. Reducing supplier risk. Reducing spend. Accelerating digital transformation.

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Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Procurement Insights

MAY 25, 2024

I have one more point to add—and this question is based on actual research—are said savings sustainable beyond the first year? Using Mintec data in supplier negotiations, they can control price inflation and reduce proposed price increases across branded and private-label goods. Beroe was founded in 2005, 24 years after Mintec.

Sustainability 40

Sustainability Supply chain resilience Supply Chain Efficiency Data 40

SCMDOJO

JUNE 6, 2023

By analyzing supply chain data, businesses can detect anomalies, potential risks, and deviations from their standard operating procedures. By doing this, they can make corrections fastly which will help avoid costly disruptions and improve supply chain resilience.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Zycus Cognitive Procurement

DECEMBER 15, 2022

Here are the 7 supply chain management trends for 2023 – Building agile supply chain ecosystems. Managing supply chain risk. Improving supply chain analytics. Enhancing supply chain resilience. Improving supply chain sustainability.

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Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Insights

OCTOBER 8, 2024

As the procurement landscape continues to evolve, Chief Procurement Officers (CPOs) in 2025 will face a wide range of challenges and concerns shaped by technological advancements, geopolitical shifts, sustainability demands, and more. What are the Top 3 concerns for Chief Procurement Officers in 2012?

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Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

Una

JUNE 5, 2024

Conflicts in Ukraine and the Middle East continue to drive up prices and threaten shipping. Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays. Why Do We Need Supply Chain Visibility? The lesson?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 52

TYA Suite

NOVEMBER 15, 2024

This might involve encouraging suppliers to adopt sustainable practices and develop disaster recovery plans. : Thus, integrating supplier risk assessment into is crucial for sustaining product excellence. Effective mitigation strategies enhance overall supply chain resilience.

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Risk management Risk Suppliers Strategy 40

World of Procurement blog

MAY 8, 2024

Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. The goal is to find suppliers capable of delivering based on specifications, pricing, quality, capacity, and other factors. What are the company's goals for growth, cost reduction, sustainability, innovation etc?

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

JUNE 30, 2023

Facts about the energy and utilities industry Transformer prices have doubled, while the average lead time for delivery has at least tripled from what it was two years earlier, reaching 52 weeks in some cases. Many water utilities are struggling to obtain computer chips for their water trucks, as well as other vital daily supplies.

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e2e Supply Chain Visibility Real-time Visibility supply chain budgeting 58

Procurement Software

APRIL 2, 2024

So, we’re going to take a quick look at three different price brackets and examine what you can buy with this budget. We’re going to cover three different price points. Some platforms in this price range will also support e-auction capabilities. Usually priced based on spend amount being analysed through the tool.

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supply chain budgeting supply chain software solutions Procurement Budget 52

SCMDOJO

JULY 7, 2023

Balancing Innovation and Supply Chain Principles: Innovation is vital for EV start-ups, but it must be balanced with established supply chain principles. Finding the right equilibrium between disruptive technologies and efficient supply chain management is crucial for sustainable growth.

Supply Chain Efficiency 105

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 105

Supply Chain Trend

AUGUST 13, 2020

It also requires a clear understanding of the environment in which the organization operates, so scenario planning must go extend beyond the enterprise to encompass value-chain dynamics and end-to-end supply chain resilience. Decisions from an IBP meeting need to be made in the light of the company’s vision and strategy.

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supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

IBM Supply Chain Blog

FEBRUARY 9, 2023

Trend 3: Sustainability in retail The demand for sustainable brands continues to grow. According to a 2022 IBV consumer study , some consumers will pay up to 70% more for products branded as sustainable. This requires an action plan for sustainability to become core to the company’s values.

Supply Chain Efficiency 40

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Jaggaer

JUNE 28, 2024

The reason being quite simply that there is so much else going on in our organizations and in the world at large that’s grabbing our attention: supply chain disruptions, supplier value management, risk factors, finding the right balance between savings and lead times and, last but not least, sustainability, in particular reducing carbon footprint.

Leadership 52

Leadership Agile and Lean Supply Chain Raw materials Influencing 52

Empowering CPO

MAY 8, 2023

Effective risk management in procurement is crucial to ensure uninterrupted supply chains, maintain cost-efficiency, protect organizational reputation, and ensure compliance with legal and regulatory requirements. As a result, the company significantly reduced supply chain disruptions and improved its overall supply chain resilience.

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Risk management Risk Procurement strategies Strategy 52

Empowering CPO

JUNE 14, 2023

It’s no longer about simply obtaining goods and services at the lowest cost, but also about adding value to the organization, reducing risks, enhancing sustainability, and promoting social responsibility. This can lead to a race to the bottom, where suppliers are incentivized to cut corners in order to offer the lowest price.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

TYA Suite

JULY 17, 2024

Procurement strategy is the cornerstone for sustained growth when negotiating the complexity of today's corporate environments. Incorporates digital procurement strategies to track and report sustainability metrics across the supply chain.

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Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

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Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Empowering CPO

JUNE 9, 2023

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. Examples include cost savings, cost avoidance, and purchase price variance.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

World of Procurement blog

MAY 8, 2024

Sustainability SCM plays a key role in corporate sustainability initiatives by reducing carbon emissions in transportation and promoting ethical sourcing. It enables greener and more sustainable business operations. Accurate demand forecasts enable effective supply chain planning.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

IBM Supply Chain Blog

MAY 17, 2024

Generative AI activates predictive analytics and forecasting, enabling businesses to anticipate and respond to changes in demand, reducing stockouts and overstocking, and improving supply chain resilience. Also, generative AI can enhance B2C customer payments by creating personalized and dynamic pricing strategies.

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Supply Chain Efficiency Real-time Visibility Supply Chain Optimization e2e 64

Claritum

JULY 23, 2018

There are positive outcomes associated with supply diversity, including for example innovation through the entrance of new products, services, and solutions; access to multiple channels from which to procure goods and services; and it drives competition (on price and service levels) between the company’s existing and potential vendors.

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Empowering CPO

JUNE 27, 2023

We will explore how the integration of digital technologies and data-driven insights has transformed procurement practices, enabling organizations to make more informed decisions, maximize cost savings, and drive sustainable growth. This data helps identify spending patterns and discrepancies.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Arkestro

JULY 18, 2022

One of the most critical lessons learned during the global pandemic and its aftermath has been the importance of supply chain resilience. As organizations have been coming to grips with this reality, they have also been working hard toward achieving the goal of sustainability. What Is Supply Chain Resiliency?

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Let's Talk Supply Chain

FEBRUARY 12, 2025

In recent months, global confectionery giants Mondelz and Hershey have found themselves facing‍ significant challenges due to a prolonged spike in cocoa prices. in this article, we will delve into the factors driving the increase in cocoa prices and analyze the impact on these industry leaders.

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Price Supply Chain Efficiency Supply Chain Optimization Supply chain 52

Let's Talk Supply Chain

FEBRUARY 24, 2025

Increased Costs: The need to recruit and train replacements quickly could drive up labor costs, as well as potentially impact food prices‍ for consumers. Addressing these challenges will require proactive measures and collaboration between stakeholders to mitigate the risks and maintain the resilience of the food supply chain.

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