Procurement

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.

Procurement control tower: Proof of concept through machine learning and natural language processing

Wednesday, June 12, 2024 · Bishwajit Kumar and Pablo Barros Gomez
Implementing a procurement control tower provides advanced insights to the sponsor company, bringing end-to-end visibility, enhanced exception management, improved decision-making, improved risk management, cost savings, and more, an MIT CTL capstone research project found.

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.

NextGen Leader: Kory Jacobson

Friday, May 24, 2024 · Brian Straight
Kory Jacobson grew up with two educators as parents. That taught him the value of effort and education, two qualities that have driven his supply chain success.

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.

The state of procurement

Sunday, May 19, 2024 · Gary Forger
Procurement is transforming faster than ever. Cost, quality, and speed still matter. But now procurement managers are under pressure from one end of the supply chain to the other. As well as from within their own companies. This is going to take some work to tame.

Procurement best practices

Sunday, May 19, 2024 · Brian Straight
Procurement is transforming. Gone are the days of blindly spending with single suppliers, replaced by a complex network of diverse global suppliers. Gone are the days of procurement leaders “that just know what to do,” replaced by workers leveraging technology to fill in…

Strategic cost savings differ from cutting costs

Thursday, May 9, 2024 · Brian Straight
When the term cost control gets tossed around, it often means layoffs. But a strategic approach to controlling costs is more effective and can often strengthen organizations, argues Boston Consulting Group’s Laura Juliano.

Planning fatigue may be settling in

Wednesday, May 8, 2024 · Brian Straight
Supply chain disruption scenario planning continues to remain robust, but there is some fatigue settling in as fewer organizations are making it a priority.

How S&OP provides the answer to in-demand products

Thursday, April 18, 2024 · Brian Straight
If demand for a product suddenly spikes, can your business handle it? St. Onge’s Kira Bilecky recently explained why a good S&OP process can ensure the business is ready.

Blooming success: The vital role of S&OE in nurturing global supply chains

Thursday, April 11, 2024 · Stephen Dombroski
Sales and operations execution planning plays a pivotal role in connecting strategic planning and day-to-day execution to ensure supply chains flourish.

Shining light on procurement’s dark purchases problem

Friday, April 5, 2024 · Brian Straight
Many companies do not have processes in place to control procurement spending, leading to millions in wasted dollars from untracked dark purchases.

40% of procurement leaders ignoring sustainability, study reveals

Thursday, April 4, 2024 · Brian Straight
Many procurement professionals are ignoring sustainability initiatives as they battle pressure to control spend.
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