Making Procurement Autonomous: Embracing the Future in the Present

Jaggaer

For more, and to learn about all four steps of the autonomous procurement process, register for our webinar, “ Four Steps to Autonomous Procurement “ In modern procurement teams, many are wondering what will happen when AI technology is truly integrated into purchasing systems. The good and bad news is that autonomous procurement isn’t here yet. There are four main steps to autonomous procurement. What is the Future of Procurement? .

4 ways IT & Procurement team collaboration increases resilience

ivalua

The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. This study includes input from a range of industries via interviews conducted with pairs of IT and Procurement leaders.

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Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

And even in governments, there is a growing cadre of public servants who see opportunities being presented by digital technology and are looking to drive dramatic change. What does this mean for procurement and supplier management? Working collaboratively is often complex, involving internal stakeholders beyond the procurement function too, which highlights another critical success factor – the need for effective programme and project management.

Ivalua Paints a Great Procurement Picture at Ivalua NOW Chicago 2019

ivalua

The event was themed on “The Art of Procurement” relating to how the further procurement leaders mature in their transformations, the more their approach shifts from science to art. Just building great Procurement solutions that customers clearly love (in 2018 once again maintaining the industry’s highest retention rate, over 98%). The most eye-catching statistic of the event came from Duncan regarding procurement’s self-assessed v.

Shoemaker Named Presenter for Reliable Plant 2020 Conference

Synovos

Donald Shoemaker, Vice President Engineering & Consulting Services for Synovos, the leading pure integrated supply chain management company in the world, has been selected to present a paper at the upcoming Reliable Plant 2020 conference in Louisville, KY. Shoemaker will present his paper “ Should We Be Doing More? The post Shoemaker Named Presenter for Reliable Plant 2020 Conference appeared first on Synovos.

Global Supply Chain & Procurement Summit 2015

Supply Chain Movement

Global Supply Chain & Procurement Summit. parity.com/global-supply-chain-procurement-summit/. Achieving this goal relies mainly on the Procurement and Supply Chain Management team. Companies need to adopt strategies that can deal with the dynamism and complexity of today’s environment, ensuring that procurement and supply chain functions can be used as the first line of defence for business operations. Date: 15-16 October, 2015.

Ivalua Now and the Art – or is it the Science – of Procurement?

ivalua

It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. The event is free to attend and aims to attract hundreds of procurement and supply chain professionals to discuss and learn more about the latest industry trends and processes. In the process, these advances are enabling procurement leaders to look beyond their traditional remit.

Digital Procurement – Pack your bag, you are going on a journey

ivalua

The Hackett Group and Ivalua have been working together for some months to assess the status of Digital Procurement transformation and lessons learned from early adopters. Digital Procurement – a place we are planning to visit soon (and hopefully stay). There is no doubt that Digital Procurement is a reality for many organisations. It’s boring, and it’s so not sexy, but everyone knows that adage, rubbish in, rubbish out and this just as true for Digital Procurement.

Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL!

When is it Time to Invest in Procurement Technology?

Jaggaer

Or it may be an executive mandate driven by a leadership change or the arrival of an individual who understands the earnings contributions or growth that a well-run procurement organization can deliver to an enterprise. No Time Like the Present for Procurement Technology.

eWorld Procurement & Supply 2016

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Since 2001, eWorld Procurement & Supply, in association with Chartered Institute of Procurement & Supply, has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives. Procurement Automation. Internet of Things (the impact on procurement). Social Media for Procurement.

Time to Transform Transportation Procurement?

Talking Logistics

Earlier this year, in a presentation at the Manhattan Momentum Connect conference, Dr. Chris Caplice from MIT argued that “the dominant design in transportation procurement is now outdated and it’s time to transform the process.” Read more Time to Transform Transportation Procurement?

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. This dispute presents a classic Battle of the Forms example.

Why Agile Procurement is Essential for CPOs in 2020

Jaggaer

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. While digitalization has dramatically increased procurement performance over the last decade, the function is beginning to approach a plateau. “We’re way that procurement organizations are?organizing

50th Symposium Procurement and Logistics

Supply Chain Movement

50 th Symposium Procurement and Logistics. Over 70 specialist presentations, workshops and discussions. More than 2,200 decision-makers from procurement, SCM and logistics. Events 5oth symposium procurement and logistics Berlin BME buyers Germany hans-dietrich genscher helmut schmidt interconintal logistics logistics experts ProcurementDate: 11-13 November, 2015. Location: InterContinental, Berlin (Germany). Organisation: BME Verband. URL: www.bme.de/en/all-events-en/50th-symposium-purchasing-and-logistics/.

Procurement Outsourcing – Keep your Integrity!

Supply Chain Game Changer

Like so many professionals Procurement people are very proud. But at some point in their careers, especially in the age of Outsourcing, they are likely to have to deal with potential suppliers who provide Procurement services. Procurement typically negotiates deals for other functions like I/T, HR, Manufacturing and every other area in the company. When selling Procurement Outsourcing services you need to have a lot of credibility to begin. Subscribe Here!

Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! The Procurement Value Chain Continuum. Procurement 101.

Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? As we’ve chronicled on the Argentus Blog, it’s no secret that the world of Procurement is changing and fast. With automation, big data and burgeoning AI systems removing more and more of the profession’s “tactical” or “clerical” tasks, companies are calling on their Procurement teams to be more strategic, more nimble, and more innovative.

Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing. We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects. The Next in Procurement.

5 Procurement Questions for Santa

Jaggaer

After pulling a few strings, we managed to catch Santa on one of his few coffee breaks at this busy time of year to fire five burning questions at the reigning world champion in procurement. To get a grip on all the orders, I use JAGGAER, a globally recognized for procurement optimization. To buy such an enormous range of presents, you definitely need a well thought-out supplier database with a highly sophisticated category strategy.

IKEA’s IWAY Lessons For Procurement!

Supply Chain Game Changer

Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. In order to enact the shift that they wanted to see in their procurement, purchasing and sourcing processes, they had to not only rethink internally, but work closely with a consolidation and restructuring categories within their supplier base. The post IKEA’s IWAY Lessons For Procurement!

Technologies that Impact Procurement

Claritum

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. This article summarises, as a table, technology areas that impact on Procurement that you might need to investigate. 2 Technologies and Procurement Table. Augmented Intelligence for Procurement professionals.

First NCSU Procurement Leadership Program a great success!

NC State SCRC

We held our first ever Procurement Leadership workshop this week, hosting a group of executives from Altria, American Red Cross, Cheniere Energy, Smith & Nephew, RSCS (YUM! Projects presented by participants included specific market intelligence research, ERP implementation, Supplier Relationship Management, Supplier-led Innovation, Workforce Change, Requisition to Pay and AI in Procurement.

3rd CEE Procurement & Supply Forum

Supply Chain Movement

3rd CEE Procurement & Supply Forum. How to effectively identify and benefit from these potentials will be the main focus of the 3rd CEE Procurement & Supply Forum. In addition to several workshops and presentations which focus, among other topics, on legal aspects, market overview, commodities and best practices in CEE, procurement professionals and suppliers will get the opportunity to network and to discover new potentials during a supplier-buyer-matchmaking.

What Does Augmented Analytics Mean for Procurement?

Jaggaer

And that, of course, includes procurement professionals. So, let’s examine Gartner’s words in more detail, but from the specific perspective of procurement. As is well known, procurement generates massive volumes of data. In the past, if a procurement professional wanted to run a query against data to determine what might happen in future (e.g. An obstacle to more rapid progress is the lack of relevant skills in many procurement organizations.

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. A Procurement strategy should be structured with a clearly defined set of goals and an overarching vision. Success is a product of the work done in the present. Success is a product of the work done in the present.

Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa

CHAINalytics

The post Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa appeared first on Chainalytics. Blog Transportation coupa Freight Procurement freight sourcing sourcing optimization Transportation Procurement transportation sourcing Truckload procurement

Chatting about the future of procurement with Charlotte de Brabandt

Xeeva

During our discussion, we chatted about the impact of technology on the future of procurement, and how to prepare for these inevitable changes. XEEVA: As technology is evolving, procurement and supply chain are also evolving at a faster rate. CHARLOTTE: I think the whole role of procurement will change in the future. Keeping that in mind, the role of procurement will change, and so will the leadership function. Business Strategy Procurement

How JAGGAER and the UK Ministry of Justice Exceed Public Procurement Demands

Jaggaer

?. Public sector procurement is stuck in limbo – frequently the differences between public and private sector seem enormous, but they’re of te n exaggerated or misunderstood. In an era of austerity, procurement teams are facing increasing demand to save taxpaye r pounds.

You Can’t Achieve Procurement Success Without A Strong Foundation

HICX Solutions

In fact, according to a survey carried out by PayStream Advisors , 39% of enterprise-level (companies with revenues greater than $2bn) procurement and sourcing professionals listed ‘increasing supply chain efficiency’ as their main aim when it comes to managing suppliers. To get a much more detailed understanding of how to achieve Sourcing and Procurement success, read our dedicated white paper.

Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion. How procurement handles itself and its activities set the tone for all the events that follow, right up to the final delivery of goods and services to the end-customer.

The expanding scope of procurement analytics: Some initial thoughts

NC State SCRC

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019). While this role of procurement analytics improves the efficiency of internal operations (e.g.,

Procurement & Supply Chain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!

ivalua

Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. Next month, on May 5 th and 6 th , I’m looking forward to what looks like an interesting and worthwhile virtual Procurement conference – Ivalua NOW 2020 Virtual Edition. . Do you remember the days when we used to attend these things called “conferences”?

COVID-19 Procurement Response: Your Questions Answered

Jaggaer

JAGGAER’s Amenallah Reghimi and Mic h ael Roesch recently partnered with Philip Ideson , founder and managing directo r at Art of Procurement , to bring procurement professionals a presentation on response tactics for the current global crisis. Our speakers received far more questions than they were able to answer at the time, so we’ve compiled some of the best and asked our presenters to provide a little bit of extra insight.

IKEA’s IWAY Has Lessons For Every Procurement Team!

Supply Chain Game Changer

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. A Supplier CoC, and its application, is relative and individual to the organization that plans on implementing one, but should always be present. Subscribe Here! Email Address.