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Real-time Visibility Strategic sourcing Sustainability 
Spend Matters
OCTOBER 31, 2024
Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.
IBM Supply Chain Blog
FEBRUARY 13, 2024
Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.
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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
ivalua
JUNE 29, 2020
I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Across this supply chain there is typically a lack of visibility due to siloed information and data.
Jaggaer
FEBRUARY 28, 2025
Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth. However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management.
Planergy
MARCH 24, 2025
How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By exploring multiple income sources, MATs can pool resources, drive trust-wide initiatives, and create financial resiliency for long-term success.
Empowering CPO
FEBRUARY 11, 2024
Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. Building Robust Supplier Relationships Successful strategic sourcing extends beyond transactional interactions with suppliers.
Procurement Software
MARCH 16, 2025
While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins.
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Jaggaer
OCTOBER 24, 2024
Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.
Procurement Insights
JANUARY 3, 2025
20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.
Let's Talk Supply Chain
MARCH 2, 2025
By harnessing the power of data analytics and strategic insights, organizations can proactively mitigate the impact of tariffs on their supply chains while enhancing operational efficiency and cost-effectiveness. Together, we can steer through the tariff turmoil and emerge stronger on the other side.
ivalua
FEBRUARY 25, 2021
A best-in-class solution may also offer inventory management features to enable you to auto-replenish orders, as well as workflows with client-defined business rules to enforce payment channel buying strategies. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.
IBM Supply Chain Blog
FEBRUARY 28, 2024
Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.
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Procurement Insights
APRIL 2, 2025
Risk Mitigation: Real-time supplier risk scoring (e.g., Tech Modernization: Automates 70-80% of P2P tasks, cutting $15K-$400K in legacy waste and enhancing visibility across Chevrons operations. Unique Benefits: Holistic ESG Compliance: Tracks supplier sustainability (e.g.,
Procurement Insights
APRIL 3, 2025
Emphasizes cross-industry collaboration , with themes like AI, sustainability, and supplier diversity. Global Reach, Real Impact Participants and speakers come from over 50 countries. Thought Leadership Consistently pushes the conversation forward from autonomous sourcing to orchestration platforms. High-profile speakers (e.g.,
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World of Procurement blog
MAY 8, 2024
Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage. What are the company's goals for growth, cost reduction, sustainability, innovation etc?
Jaggaer
OCTOBER 24, 2024
In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible. Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market. Performance and stability can waver.
Empowering CPO
JUNE 22, 2023
Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? Spend analysis is the catalyst for strategic sourcing.
Una
OCTOBER 17, 2023
EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.
Supply Chain Game Changer
JULY 3, 2019
The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? Sustainability. Unfortunately, sustainability and sustainable development are beginning to turn from green to grey, considering its ever-increasingly washed-out idealistic applications in business and society at large. Subscribe Here!
Supply Chain Game Changer
SEPTEMBER 28, 2022
Make Your Website Visible and Trustworthy! Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Still, as time passes, you might notice that your website enjoys fewer visits. Why Think about Redesign?
Planergy
JULY 5, 2022
How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. Download Free Copy. Written by.
SCMDOJO
AUGUST 21, 2023
This extensive reach provides businesses with the opportunity to connect with various demographics and target markets, enabling them to broaden their brand’s visibility and potential customer base significantly. To begin with, TikTok boasts an expansive and diverse user base, encompassing millions of active users worldwide.
Arkestro
JULY 11, 2022
As part of Box’s continuous advocacy towards ESG and Supplier Diversity, previous visibility into their supplier diversity spending was limited. According to McKinsey, diverse executive teams financially outperform other executive teams, and this has only strengthened over time. And the same is true for diverse supply chains. .
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Procurement Software
APRIL 23, 2024
Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.
Empowering CPO
JUNE 27, 2023
This is where the real magic happens. It’s not just about cost-cutting—it’s about cost optimization and strategic decision-making. It provides the visibility needed to manage and control spending, identify savings opportunities, enhance supplier management, improve compliance, and increase procurement efficiency.
Procurement Software
MARCH 5, 2024
Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. It promises to assist with improving buyer and supplier collaboration.
Empowering CPO
JULY 16, 2023
Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. The result was faster, more sustainable growth, and the ability to focus their internal resources on core business development activities.
Supply Chain Game Changer
FEBRUARY 5, 2020
There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. The wrong leader can create a negative perception of Procurement as being a roadblock, lacking in understanding of the real business imperatives and too concerned about beating up suppliers. Absolutely, 100% YES!
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Empowering CPO
JULY 17, 2023
Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye toward sustainability and social responsibility. Without proper oversight and management, procurement can easily become a source of unnecessary expenditure and inefficiency.
40 
Empowering CPO
JULY 17, 2023
Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye towards sustainability and social responsibility. Without proper oversight and management, procurement can easily become a source of unnecessary expenditure and inefficiency.
40 
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. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.
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Pipefy
JANUARY 11, 2023
This shift has become necessary as procurement departments are tasked by management with new strategic duties. Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions.
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Procurement Software
JULY 9, 2024
This integration allows for real-time tracking of direct spend and the efficient management of direct procurement categories. Inventory Management Advanced inventory management tools track real-time stock levels and predict future needs using analytics.
Empowering CPO
JUNE 26, 2023
Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Stay tuned for the next section where we will explore the trend of real-time spend visibility and its impact on procurement efficiency.
Arkestro
MAY 9, 2022
Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. Strategic sourcing was in the spotlight. Onboarding takes time, including training and deployment. It gets smarter with time, increasing your win rate. . Things continued to evolve.
52 
Procurement Software
JUNE 4, 2024
This goes way beyond traditional source-to-pay and e-auction platforms. This exciting trend persuaded us that it’s about time we featured an article on these procurement tools specifically. This focus helps in eliminating manual errors and ensuring the timely delivery of materials.
Empowering CPO
JUNE 27, 2023
Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization. By harnessing the power of spend analysis, businesses can unlock the full potential of their procurement function and achieve sustainable procurement success.
52 
Supply Chain Game Changer
DECEMBER 13, 2018
There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. The wrong leader can create a negative perception of Procurement as being a roadblock, lacking in understanding of the real business imperatives and too concerned about beating up suppliers. Absolutely, 100% YES!
59 
Empowering CPO
JUNE 30, 2023
As a leading provider of procurement intelligence services, our mission is to empower Chief Procurement Officers (CPOs) and their teams with insightful, actionable data that drives strategic decision-making. It can result in stock-outs or overstock, poor quality control, and longer lead times. Let’s break it down.
Empowering CPO
JUNE 27, 2023
Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. 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.
Empowering CPO
JULY 16, 2023
Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. The result was faster, more sustainable growth, and the ability to focus their internal resources on core business development activities.
HICX
AUGUST 4, 2022
Caption: Adam Brown, Procurement Strategy & Transformation, Maersk; Carmen Erhardt, Head of Digitalization, Henkel; Anthony Payne CMO, HICX; Ragnar Lorentzen, CCO, HICX; Nils Andersson, Senior Manager – Head of Strategic Sourcing Process, Orkla; and Aleks Hajdas PTP Program Lead, JTI share their views on Supplier Experience.
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Empowering CPO
JULY 5, 2023
We believe in the power of strategic sourcing and procurement to drive significant value across organizations. Our offerings, from spend analysis and sourcing support to contract and supplier management, are designed to optimize procurement operations, improve efficiency, and drive cost savings.
Supply Chain Game Changer
NOVEMBER 10, 2018
For the most part, the primary focus of the supplier relationship is ensuring the right materials are available at the right time and location. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor!
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