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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.

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At St. Luke’s, Supply Chain Excellence Depends Upon Doctor Involvement

Logistics Viewpoints

The new law meant that the way medical systems operated had to change. Procurement became a logical place for leading healthcare systems to focus. Adrian Wengert joined Saint Luke’s Health System in 2014. Luke’s system headquartered in Boise. Procurement was a natural place to focus.

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Direct Spend Management: A Checklist for Enabling Shared Value with Direct Suppliers

Logistics Viewpoints

Adopt a Holistic Direct Spend strategy Move beyond isolated tactics and adopt a holistic, approach to direct spend that integrates sourcing, contract management, procurement and invoicing. This means involving procurement in the highest levels of strategic planning and decision-making. Nari Viswanathan is Sr.

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Amazon and the Shift to AI-Driven Supply Chain Planning

Logistics Viewpoints

Enterprise resource planning (ERP) systems, while effective for tracking transactions and inventory levels, lack the predictive capabilities needed to anticipate and mitigate risks. This system allows for dynamic inventory adjustments across warehouses, reducing stockouts and minimizing excess inventory.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

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How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

Even digital advancements, like Enterprise Resource Planning (ERP) systems, only partially solve these challenges because they still need centralized oversight and reconciliation. How Smart Contracts Improve Procurement Automated Payments: When a supplier meets predefined conditions (e.g., Smart contracts offer a new approach.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains.

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How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier. For global manufacturers, managing direct and indirect material spend can get very complicated very quickly.

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From Concepts to Actionable Insights: Powering Digital Transformation Success

Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management

To be successful, digital transformation involves the strategic application of digitalization to improve a business’ entire system of production, procurement, sales, operations, human resources, and financial management. Learn how you can quickly improve that success rate.