Comprehensive information about global sourcing and procurement strategies, covering software, spending analysis, order management, supplier evaluation and e-Procurement.
Strong relationships depend on collaboration. In a healthy supply chain, buyers and suppliers count on timely feedback and accurate information. This synchronization keeps everyone happy and promotes trust, enabling the relationship to grow.
The traditional negotiation playbook in procurement hasn’t aged well. We’ve all seen the script: invite multiple bids, negotiate hard on price, and lock in the lowest cost. In calm markets, that might work. But in recent years many supply chains have found themselves exposed.
The May Services PMI, at 49.9 (a reading of 50 or higher signals growth), fell 1.7% from April’s 51.6 reading. Prior to May, the Services PMI had seen growth in 56 of the previous 59 months, going back to the initial recovery from the pandemic in June 2020.
The global shipping industry has accepted an astonishing inefficiency for far too long: it still relies on paper to move trillions of dollars in goods. Bills of lading—essential trade documents—are printed, couriered, signed, and scanned across borders, often taking up to…
As uncertainty becomes the norm, companies are turning to item-level visibility to gain real-time insights, minimize risk, and make smarter, faster supply chain decisions—before disruption strikes.
Electronics supply chains face mounting uncertainty from tariffs, reshoring efforts, and automation pressures—but experts say strategic planning and design integration can unlock resilience and growth.
Sue Williams, managing director at Hexagon Consultants, shares her insights on overlooked supply chain risks, digital transformation pitfalls, AI’s practical use cases, and the shift toward nearshoring, cross-functional collaboration, and ESG integration, in this 6 Questions…
As climate change, tariffs, and operational inefficiencies strain global food systems, companies are betting on digital tools to bring clarity and resilience to a fragile agricultural supply chain.
With more companies using artificial intelligence to scan resumes, the process of finding procurement professionals with required interpersonal skills requires more due diligence.
Wednesday, May 14, 2025 · Massachusetts Institute of Technology
Despite growing investments in carbon reduction, spend-based accounting methods may inadvertently inflate corporate emissions unless companies push for more precise, supplier-level data transparency.
Tuesday, May 13, 2025 · Ryan Richard, vice president, customer success, GS1 US
FSMA Rule 204 may be the regulatory spark, but digital traceability is the real opportunity. Businesses leaning in now aren’t just preparing to meet requirements—they’re building faster, safer, and more transparent supply chains.
After several weeks of rising tensions, the U.S. and China have reached an agreement to reduce tariffs for 90 days with more negotiations to follow in an effort to reach a broader trade deal.
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