Procurement

Strengthening Supply Chains: Key Steps for the Oil & Gas Industry

Monday, August 7, 2023 · By Adam Hirschfeld, vice president of sales, Workrise
No matter which team you look at — operations, supply chain, logistics, you name it — if you can’t see how you are tracking in real time, you don’t have the data to know whether the prices you’re paying align to the market in a given category.

Procurement Costs Increase, But Top Performers See Increased Advantage

Thursday, July 20, 2023 · Brian Straight
New research from The Hackett Group found that top-performing procurement organizations spend 21% less on operations than their peers.

Procurement’s data problem

Friday, June 16, 2023 · Brian Straight
Three-quarters of respondents to a SpendHQ survey said they don’t trust the data in their procurement process, leading to poor decision-making.

Reshoring isn’t the only change taking place in supply chains

Monday, June 12, 2023 · Brian Straight
Reshoring has received a lot of attention, but more companies are shifting parts of their supply lines from China to other Asian countries.

10 actions CPOs can take to overcome procurement’s toughest challenges

Monday, June 5, 2023 · Brian Straight
Supply chain challenges are now structural and could take several years to resolve themselves. McKinsey has laid out 10 steps CPOs can take to overcome some of those challenges.

Procurement: The key to supply chain resiliency

Thursday, June 1, 2023 · Ilaria Ida Walton, Iris van der Velden and Ruth Thomas
Agriculture is the keystone of global food security, but the current system is built on a house of cards. It relies on cheap labor, abundant resources and energy, and a stable supply chain.

3 ways to use procurement negotiation to combat inflation

Tuesday, May 30, 2023 · Mike Slomke
In the realm of procurement, it is crucial for professionals to strategically generate substantial value during deal negotiations, especially when dealing with supplier agreements that encompass more than mere pricing considerations.

Missing your target? Successful implementations begin at procurement

Wednesday, May 24, 2023 · Brian Straight
Only 30% of digital transformations meet or exceed a company’s expected target value. The reason? The wrong procurement process was used, say experts.

People remain stumbling block to procurement success

Monday, May 22, 2023 · Brian Straight
While technology can be an obstacle to procurement success, respondents to an ISM survey said humans remain the largest roadblock.

Procurement pros: Manual processes cost billions

Monday, May 15, 2023 · Brian Straight
Procurement professionals say the process remains manual, and billions of dollars in cost savings are being left behind as a result.

A running start at predictive procurement orchestration

Tuesday, May 2, 2023 · David Schultz
If you’re unfamiliar with PPO, you aren’t alone. Here’s how Westfall Technik discovered it and is turning it into a powerful tool to simplify and streamline procurement.

Procurement: the missing link between sustainability and profitability?

Monday, May 1, 2023 · Yves Thill, Vijay Kasi and Imran Dassu
De-carbonizing the end-to-end value chain is now an imperative—for the planet and for business. Customers, shareholders and employees demand it, and governments are rushing to mandate it. Procurement is a logical focal point where sustainability and value can intersect. It…

Supply and demand regulation via blockchain-based governance

Monday, April 3, 2023 · Kiran S. Patil
Enterprise resource planning has been the dominate system for managing inventory, but failure is still a problem. Blockchain is offering new hope.

Supply Chains Fail When They Don’t Flow

Thursday, March 9, 2023 · Rob Handfield and Tom Linton
Disruptions can slow the movement of goods, but they don’t have to. Here are five steps to ensure smooth operations.

New ebook empowers procurement leaders to take control of spend

Friday, February 24, 2023 · SCMR Staff
Vroozi released the ebook to help readers move away from manual, paper-based processes.
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