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Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
While SAP has had procurementanalytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. It is a brilliant tool.” The Warner Music Group was an early adopter.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
In this type of environment, traditional procurementsoftware and manual processes are insufficient – and many procurement teams are looking to artificial intelligence (AI) for answers. Key Takeaways Understand the potential impact of AI – including Generative AI & AI Agents – in procurement.
As supplychains become more interconnected and risks more dynamic, traditional procurementtools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. What’s the technology behind autonomous procurement agents?
As supplychains become more interconnected and risks more dynamic, traditional procurementtools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. What’s the technology behind autonomous procurement agents?
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
Direct and indirect procurement are two fundamental approaches in supplychain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Find Out More What Is Procurement?
If you’re evaluating procurementtechnology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.
Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.
As Procurement teams are tasked to do more with less in an increasingly complex and uncertain market, digitization has become a must. Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. What is Total Economic Impact? Payback in under 6 months.
Today, supplychain excellence matters more than ever. During the pandemic, the supplychain discussions take new importance. While the supplychaintechnology market lost its allure at the start of the last decade, it is now cool again. The supplychain career is new. Reflection.
I work in supplychain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supplychain failed them, creating an eleven-month saga and unhappy customer. The failure was in supplychain orchestration – connecting planning to execution.
In 2004, I worked with a Midwest North American meatpacker to help define its supplychain strategy. Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat. What do I mean? To illustrate, let me share a story.
Mobile inventory management is a digital solution that combines a mobile inventory app with cloud-based software to track, manage, and optimize inventory in real-time. Cloud software: Stores and distributes real-time data, producing reports accessible to all team members. Let’s get started!
CAGR , the global supplychain management software market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supplychain management tools to boost efficiency and value in their distribution and logistics network.
Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. Instead of relying solely on a single, monolithic AI model (based on a massive large language model), a company can orchestrate a team of specialized agents, each leveraging the best AI or mathematical technique for its specific task.
Ivalua’s new Environmental Impact Center empowers Procurement and SupplyChain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.
Selecting the right supplychain planning technology isn’t simply about solving a current challenge. The implications are much broader–if you implement the wrong software, you hinder your organization’s overall supplychain strategy and business objectives. It requires many changes for an organization.
In today’s digitalized world, more and more companies are moving away from paper and spreadsheet-based processes in favor of more accurate, simple, and efficient automation. Procurement operations are no exception. However, with numerous e-procurementsoftware vendors available, choosing the right tool can be overwhelming.
Therefore, optimizing spare parts management is crucial for the success of supplychain, manufacturing, and maintenance operations. In this blog, let’s dive deeper into the challenges of spare parts management, the solution that ThroughPut AI provides, the features of spare parts management software and how it works.
Streamline Your Route Planning Process Daily route planning can quickly become overwhelming, especially if you’re managing delivery routes using spreadsheets, manual methods, or basic mapping tools. Top 10 Route Planning Software Solutions: Overview Here’s a quick comparison of the top route planning software solutions in 2025.
They integrate finance, HR, sales, and supplychain management into one complex platform. Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization.
Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?
Businesses often use it in retail and purchasing. Category management isn’t just another procurement trend. It’s a way for companies to group similar goods or services (like IT infrastructure, facilities, or raw materials) and manage them holistically instead of handling every purchase in isolation.
In asset-intensive industries, this challenge has only intensified with the growing complexity across supplychains. In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders.
In reality, all this emerging tech, whether it’s turning your world upside down or not, is having a very real impact on how businesses manage their supplychains. He outlined eight emerging technologies that are most likely to drive dramatic changes across the CPG supplychain. Automate manual processes.
Rising costs, supplychain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. It cuts costs yet helps maintain product quality and smooth operations.
That could be why AI – known for its efficiency and productivity possibilities – presents such a compelling opportunity for the retail and consumer goods industry, with an estimated potential impact of $400 billion to $660 billion annually ; driven by AI-supported strategic growth and cost savings through automation of key functions.
Integrating LinkedIn Ads into your sales automation workflow can significantly improve your conversion rates by creating a seamless journey from initial interest to a completed sale. The main advantage is efficiency—bridging LinkedIn Ads and sales automationtools allows you to convert prospects faster by streamlining the lead journey.
Subscribe to SupplyChain Game Changer. The Digital SupplyChain Road is Full of Potholes, Construction and Accidents! Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Subscribe Here! Email Address. Don’t Panic! What do you have to lose?
Minkow reports her company’s top ten retailers this year are: Target, Apple Store, Sephora, Home Depot, DSW, Levi Strauss, Nike, Walmart, American Eagle, and Ulta. Cognitive Technologies and Customer Service. ” Complicating this challenge is the fact that consumers can easily hop on and off the digital path to purchase.
How to effectively manage risk in procurement? Risk management in procurement. However, in procurement, the last thing you want is a risk. That’s why managing risk in procurement is essential. Procurement teams have been trying to outrun risks since the pandemic began. Delays in basic procurement activities.
Order Desk Order Desk is an integration that helps you streamline and automate your order management operations. The software automatically pulls inventory data from your warehouse for a real-time stock count update across all your sales channels. Top 18 ecommerce integrations for fulfillment success Order processing integrations 1.
Order Desk Order Desk is an integration that helps you streamline and automate your order management operations. The software automatically pulls inventory data from your warehouse for a real-time stock count update across all your sales channels. Top 18 ecommerce integrations for fulfillment success Order processing integrations 1.
You need a delivery route planner that aligns with your company’s fleet size, operational complexity, your delivery drivers and growth goals to ensure overall efficiency and save time and you need real proof that it performs reliably in the field, not just in a product demo. This guide does the heavy lifting for you.
The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company.
It is a cornerstone of modern logistics, supported by fleet management tools designed to determine the most efficient route, minimize travel time, reduce fuel consumption, consider vehicle capacity and ensure timely deliveries. The benefits of using route optimization software extend far beyond just saving time.
At last week’s SupplyChain Summit, Crisp’s Head of SupplyChain Barry Bradley gave brands a step-by-step guide to running a data-driven operations team. It’s an incredibly exciting time to work in the supplychain. Why is data so critical in supplychain management?
How to leverage AI-powered insights to move supplychains from reactive to proactive. Supplychain missteps can hit sales and brand loyalty hard. Amid shifting trends, tariffs, supplychain disruptions, and more, CPG supplychain teams are constantly navigating uncertainty to keep products moving.
Exiger Earns Categorys Highest Functional Scores in Both SupplyChain Risk Management and Third Party Risk Management WASHINGTON, DC. Exiger was recognized as a Best-of-Breed Solution and named a Value Leader for the second consecutive release of Spend Matters biannual report.
Subscribe to SupplyChain Game Changer. SupplyChain KPIs article and permission to publish here provided by Harkirat Ahluwalia. KPI’s are not solely limited to supplychain, but are used in various different fields to measure how well a company is meeting its objectives. Total SupplyChainCost.
Welcome to part three of our AI in SupplyChain blog series. In this blog, we explore the different types of predictive AI models for supplychain risk management. In this blog, we explore the models used in Resilinc’s predictive AI and explain how they help streamline supplychain risk management.
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