Procurement Strategy

What is the future of procurement?

Thursday, October 3, 2024 · Brian Straight
What is the future of procurement? That is the question that McKinsey & Company sought to answer in a new benchmarking report focused on procurement.

The disconnect between procurement budgets and efficiency

Thursday, August 22, 2024 · Brian Straight
A recent survey from JAGGAER found that 53% of procurement and supply chain professionals said that workload issues and inefficiencies are the top risks facing their organizations, and if they had the right technology and more time, they could grow the business and drive…

Gartner identifies top constraints, solutions to long-term success

Wednesday, August 21, 2024 · Brian Straight
As supply chain professionals deal with the challenges associated with increased workloads, increased scrutiny, and mandates to control spending, research from Gartner has identified the most common constraints and offered ways to solve them.

Keynotes from Procter & Gamble, Johnson & Johnson & Whirlpool execs highlight NextGen conference agenda

Wednesday, August 7, 2024 · Brian Straight
Keynotes from Procter & Gamble, Johnson & Johnson and Whirlpool highlight a packed speaker lineup for October’s NextGen conference.

Managing procurement in a price-sensitive environment

Friday, August 2, 2024 · Brian Straight
Chief procurement officers face challenges in securing materials and supplies in a volatile supply chain yet still controlling that spending.

Boeing turned to Fairmarkit, AI to help land its tail spend

Wednesday, July 24, 2024 · Brian Straight
Boeing faced unknown spending, but a pilot program using Fairmarkit’s artificial intelligence platform helped bring its procurement spending into the light.

The key to good data management? Start with good data

Friday, July 5, 2024 · Brian Straight
As more companies turn to AI to manage and analyze their data, the concept of clean data sometimes gets pushed to the side.

Procurement data to decisions: Actually acting on ‘actionable’ insights

Monday, July 1, 2024 · Matthew Buckingham, vice president of business development & alliances, Focal Point
With modern procurement software, API-enabled data flows, and AI-guided processes, procurement teams get to focus on what they do best: setting strategy, managing projects, and identifying spending optimization opportunities.

Improve stock control and predictability to overcome inventory performance barriers

Friday, June 28, 2024 · Paul Lord, VP Analyst, Gartner
Delivering reliable product supply has only become more difficult in recent years with market challenges. To get back on track, organizations should focus on the development and practice of two performance management disciplines: Stock control for improved predictability…

Building the ‘Procurement Intelligence Team’

Thursday, June 20, 2024 · Brian Straight
Tealbook founder Stephany LaPierre explains why a ‘data brain’ is needed to collect and analyze the necessary data for efficient procurement operations.

Nearshoring shifts focus of procurement leaders

Friday, June 7, 2024 · Bridget McCrea
Bringing production and sourcing back to the United States or to a country in close proximity have always been goals for companies that want to gain better control over their supply chains. But for procurement leaders, it adds complexity.

Unlocking the value of procurement in the evolving midmarket

Tuesday, June 4, 2024 · Etosha Thurman and Stephanie LeRoy
By implementing digital solutions, Cirque du Soleil has embraced a more agile and efficient approach to procurement, positioning itself for a bright future with long-term growth.

Five strategies to make procurement more sustainable

Thursday, May 30, 2024 · Pierre-François Thaler and Matias Pollmann-Larsen
A recent report from Accenture and EcoVadis found that delivering on sustainability goals is a top driver in 71% of procurement programs.

5 strategies for energy market cost and risk reduction

Monday, May 20, 2024 · Bob Wooten, C.P.M., CEP; Mark Trowbridge, CPSM, C.P.M. MCIPS; and Claudette Calder, MBA, CPSM
Electricity and natural gas costs are major factors in the profitability of companies in all industries, but especially in key parts of the supply chain. There are strategies to better control these costs.

5 strategies for energy market cost and risk reduction

Sunday, May 19, 2024 · Bob Wooten, C.P.M., CEP; Mark Trowbridge, CPSM, C.P.M. MCIPS; and Claudette Calder, MBA, CPSM
Electricity and natural gas costs are major factors in the profitability of companies in all industries, but especially in key parts of the supply chain. There are strategies to better control these costs.
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