Procurement Templates
DECEMBER 11, 2024
It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Savings can be cashable or non cashable i.e. cost avoidance.
All Things Supply Chain
DECEMBER 11, 2024
Resilience in supply chain management is essential for keeping businesses steady amid global disruptions like natural disasters, geopolitical shifts and economic shocks.
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Supply Chain Dive
DECEMBER 4, 2024
November delivery speeds improved by 27% year over year amid better fulfillment and transit times, according to project44.
Procurement Leaders
DECEMBER 2, 2024
One of my favourite moments from last month’s Asia Pacific Procurement Congress occurred when Asahi CPO Tom Veit took to the stage in Singapore to deliver a presentation with his colleague, Naoki Nagahama. Naoki-san’s official title at Asahi is liaison director – or, in other language, a business partner. He’s part of the connecting tissue between central procurement and the wider, highly complex group of Asahi businesses.
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Supply Chain Brain
DECEMBER 1, 2024
COVID-19 forever changed supply chain executives’ mindset. At least that’s what we’ve been told by industry experts, in the years since the pandemic hit.
Spend Matters
DECEMBER 3, 2024
As part of our Q4 research into supplier risk, third-party and supply-chain risk management (TPRM/SCRM) and the solutions that support it, we have not only conducted analyst- and market-led research in the shape of analyses, advisory, definitions and webinars, but taken the pulse of the practitioners who use that technology and who deal with risk on a daily basis (for example here and here ).
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
All Things Supply Chain
DECEMBER 9, 2024
Maritime shipping remains the backbone of global trade, with container ships transporting goods across the oceans every day.
Supply Chain Dive
DECEMBER 16, 2024
The carrier is adding a fee for processing inbound U.S. imports and delivery area surcharges for new ZIP codes, among other adjustments.
Procurement Leaders
DECEMBER 6, 2024
In partnership with Procurement Leaders: Discover how the function can improve its oversight of, and ability to mitigate, sub-tier threats
Supply Chain Brain
DECEMBER 2, 2024
To adapt to shifting trade policies, U.S. manufacturers should focus on supply chain resilience, cost-efficient production through automation, and recurring revenue through monetization and servitization.
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?
Spend Matters
DECEMBER 17, 2024
In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. Mike Jud , Senior Director Customer Experience at P2P solution provider Vroozi , shares what their customers are looking for from their digital procurement investment.
Procurement Insights
DECEMBER 11, 2024
EDITOR’S NOTE: I am under embargo regarding the advanced copy I received from ZIP with their Procurement Predictions for 2025. So, I thought I would make a little prognostication myself. for 2030. There is, however, a twist. I have gone through the Procurement Insights archive of 2,410 posts from 2007 to today to provide what I believe will be a unique context explaining the evolution of predictions over the past couple of decades.
All Things Supply Chain
DECEMBER 4, 2024
Supply chain management (SCM) is at the forefront of a technological and strategic revolution, driven by global demands and rapid innovations.
Supply Chain Dive
DECEMBER 3, 2024
The technology is helping the company's Velocity facility identify stock discrepancies and reduce "high-reach tasks" for workers.
Advertiser: GEP
As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.
Skill Dynamics
DECEMBER 18, 2024
Procurement fraud is often overlooked, but it can tear away at your company’s integrity and reputation from the inside if left unchecked for too long. Activities such as bribery or inflated invoices can lead to severe legal repercussions, significant financial losses, and can damage your brand beyond repair. Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future.
Supply Chain Brain
DECEMBER 3, 2024
“This is a pivotal moment in our history," said Daggett. "The decisions we make today will determine the future for generations to come.
Spend Matters
DECEMBER 4, 2024
This Spend Matters Vendor Analysis provides an overview of Docusign and its enterprise contract lifecycle management (CLM) solution. The provider offers end-to-end CLM capabilities and has also recently released a new product, Intelligent Agreement Management (IAM), to better serve contract management use cases for other functions such as sales and finance.
Procurement Insights
DECEMBER 4, 2024
Anyone who has followed me for any length of time knows that I have always believed that it is better to get it right than to be right. This means that as much as I may challenge others, I also want to be challenged by others – including myself. For the past several decades, I have been a strong advocate of using an agent-based development and implementation model for ProcureTech solutions.
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea
All Things Supply Chain
DECEMBER 2, 2024
The year is 1936, the machines are idle, although all the employees are at their usual workstations, but instead of working, they are playing ping pong, reading the newspaper, and…
Supply Chain Dive
DECEMBER 3, 2024
Transportation management systems can be a “game changer,” but emerging technology integrations will spur even more benefits.
Skill Dynamics
DECEMBER 4, 2024
As a procurement professional, ensuring your suppliers are acknowledging the role of sustainability within their practices is highly important for, not only the obvious – improving the planet – but building effective relationships and meeting your company’s objectives. What information do you actually need from your suppliers to make a fair sustainability evaluation?
Supply Chain Brain
DECEMBER 1, 2024
Paul Debolt, government contracts practice group co-leader with Venable LLP , predicts how requirements for selling to the federal government will be impacted by the new administration.
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Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.
Spend Matters
DECEMBER 5, 2024
The coronavirus pandemic and recent weather catastrophes have made the case for most types of risk management and what one can do to mitigate the risk more obvious. If you do not have accurate information and alternatives of supply in place, the fallout from a sudden flood will drown you. In ESG-related issues, and in the case of forced labor in particular, the discussion around the risks these pose is more nebulous.
Barkers Procurement
DECEMBER 19, 2024
In the realm of modern business practices, Environmental, Social, and Governance (ESG) criteria have become integral to shaping the strategic framework of organisations aiming to operate sustainably and ethically. For companies committed to embracing these principles, monitoring and reporting ESG metrics within the supply chain is not just a regulatory requirement but a strategic imperative that enhances transparency, builds trust, and secures a competitive edge.
All Things Supply Chain
DECEMBER 18, 2024
“A Festivus for the rest of us!” Frank Costanza As Frank Costanza reminded us with my traditional Seinfeld reference, the holiday season is about celebrating in our unique ways.
Supply Chain Dive
DECEMBER 4, 2024
The Solstice program will help SMEs access funding to advance scope 3 commitments.
Speaker: Kevin Kai Wong, President of Emergent Energy Solutions
In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene
Arkestro
DECEMBER 5, 2024
Resources / Blog / 5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing 5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing Historically, technological advancements have powered the major evolutions in manufacturing, starting with the steam-powered industrial revolution of the late 18th century, followed in the early 20th century by electricity-powered mass production, and then the advent of computers in the 1970s.
Supply Chain Brain
DECEMBER 3, 2024
One of the ways companies can meet the new FDA requirement for cold-chain traceability is through smart labels that trace packages throughout the supply chain journey,
Spend Matters
DECEMBER 10, 2024
In todays interconnected business landscape, companies rely on suppliers and service providers for core procure-to-pay (P2P) activities, including order processing, invoicing and payments. This dependency, while essential, introduces potential risks that can lead to operational delays, regulatory penalties and financial instability if not effectively managed.
Barkers Procurement
DECEMBER 16, 2024
With Christmas and January sales approaching, procurement teams are well into peak season. Those working for FMCG businesses will be familiar with this period of high demand, its long hours and the pressures of ever-evolving expectations. Its a time when the stakes are high. On the one hand, supply chain weaknesses are open to risk, and even the smallest challenges are magnified.
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