Ardent Partners

Today on CPO Rising — “Procurement 2024 BIG Predictions (Part 5): U.S. Election Impacts and Supply Chain Disinformation” https://lnkd.in/gyr4nHwg In 2024, CPOs face a series of new challenges that must be managed while operating with high uncertainty ... AND great opportunities exist for the teams that are best prepared for them. In Part Five of our BIG Predictions in Procurement series, we’ll share how the U.S. election will be high stakes for CPOs and how “Fake News” and disinformation invades supply markets. Leave a comment if these predictions resonate with you! #procurement #chiefprocurementofficer #2024election #disinformation #cybersecurity #riskmanagement 

Beyond Automation: How Intake & Orchestration Can Help Procurement Win in 2024 Join Ardent Partners and Zip on July 31st (2 PM ET) for a webcast on Beyond Automation: How Intake & Orchestration Can Help Procurement Win in 2024. Driving more spend under management while simultaneously freeing up time for procurement professionals might seem unattainable. However, Intake Management and Procurement Process Orchestration solutions are designed to improve and streamline early engagement and collaboration. However, the hype around these solutions makes it hard for end users to understand what the terms mean and the capabilities needed to deliver the promised outcomes. Our experts will guide you through the terminology, the benefits, and the critical capabilities to extend procurement’s coverage and influence. Register here: https://lnkd.in/gUM_fj9r Secure your spot now to improve stakeholder engagement, drive more spend under management, and increase savings in 2024!

Today on CPO Rising — Magnus Mondays — Random Summer Rants https://lnkd.in/eaaPDivd Magnus wraps up the first half of 2024 with some random summer rants to get you thinking for the months ahead. #procurement #chiefprocurementofficer #eSourcing #S2P #procurementtechnology

Today on CPO Rising — “Ivalua NOW Dispatch #2: Strategic Roadmap (Source-to-Contract)” https://lnkd.in/gr27WwMe   The Ardent Partners team recently attended the Ivalua NOW: Procurement Re-Imaged user conference in Miami Beach and is posting dispatches from our time at the event.   Our second dispatch details the “Innovation Showcase & 2024-2025 Product Roadmap” session, featuring Ivalua’s vice president of product and customer marketing Vishal Patel, and chief product officer Pascal Bensoussan.   The session focused on three themes: 1) Source-to-Contract, 2) Procure-to-Pay, and 3) Platform & AI — and the strategic roadmap of all three.   Our conference dispatch today highlights the “Source-to-Contract” theme and its three topic areas: Automated Supplier Data Management; Sourcing Efficiency & Direct Sourcing; and AI-Powered Enterprise Contract Management.   Over the next few weeks, we’ll feature the strategic roadmap for the two remaining themes and topic areas.    #IvaluaNOW #artificialintelligence #procurement #GenAI #Sourcetocontract #contractmanagement #directsourcing

Today on CPO Rising — “Technology Round-Up” https://lnkd.in/gpjrmJCW Our first Technology Round-Up for the second half of 2024 features several provider announcements from Ivalua, GEP Worldwide, Icertis and Evisort, HICX, and Vertex Inc.. #procurement #chiefprocurementofficer #technology #solutionproviders #artificialintelligence #AI #Sustainability #S2P #contractlifecyclemanagement #procurementprocessorchestration 

Today on CPO Rising — “Magnus Mondays — The Procurement Data Paradox” https://lnkd.in/g2H73zyZ   “Data is the new oil” has been spouted as a truism for many years, writes Magnus. This is primarily due to the promises of all the nice things AI will do for us. However, access to clean and correct data is a more fundamental requirement than just enabling AI.   This week, Magnus tackles how having correct supplier data, visibility into spend data, and access to third-party risk, ESG, and market data is crucial to running your operations.   But here comes the paradox — investing in technology is the only way to improve your data (to get more benefits from technology). Read how to focus on data as a strategic asset and build a clear roadmap towards a solid data foundation.   #procurement #chiefprocurementofficer #supplierinformationmanagement #spenddata #supplierdata

Today on CPO Rising — “CPO Rising Listicle: Open Your Mind to New Technology (5 Reasons)” https://lnkd.in/gpwpZMVV   Being open-minded and accepting of new technology is important, but it does not mean that you must be an early adopter of all technologies. Rather, you should assess your organizational capacity for new technology and employees' proficiency in using and driving value before diving in. Once the decision is made for implementation, harness and tame the new technology, don't fear it!   The main point/recommendation of today's listicle is to keep an open mind and five important reasons why.   Want more information on procurement best practices? Sign up for Ardent Partners' Research Newsletter: https://lnkd.in/eySWh2ms.   #procurement #chiefprocurementofficer #technology #technologyadoption #procurementtech

Today on CPO Rising — “Magnus Mondays — The Two Levels of Supplier Management Tech” https://lnkd.in/gpXD-9ud Supplier management is one of the most critical aspects of procurement. But as is the case with many areas within procurement, it’s complex. This week’s Magnus Mondays post explores how one of the biggest issues of supplier management is that it’s not one thing. Depending on your perspective, it can mean a lot of different things. Magnus peels back the many layers of supplier management. #procurement #chiefprocurementofficer #suppliermanagement #supplierrelationshipmanagement #SRM #supplierdata

Today on CPO Rising — “Procurement 2024 BIG Predictions (Part 4): Global Sourcing, China Trade Policy, Supply Chain Disruption, Smart Sourcing” https://lnkd.in/gSVtdRN8 In 2024, CPOs face a series of new challenges that must be managed while operating with high uncertainty ... AND great opportunities exist for the teams that are best prepared for them. In Part Four of our BIG Predictions in Procurement series, we’ll share how more companies will move supply out of China; China will ease its trade policies; supply chain disruptions will persist; and smart sourcing will save the day in 2024. Leave a comment if these predictions resonate with you! #procurement #chiefprocurementofficer #globalsourcing #smartsourcing #Chinatradepolicies #China #supplychaindisruption

Today on CPO Rising — “Procurement News” https://lnkd.in/gFGynNNH We’re ending the month of June with a fresh set of Procurement News, featuring several personnel announcements, including Francesca Gamboni who has been promoted to chief supply chain officer for Volvo Cars; and Cesar Pina who takes over as SVP, CSCO for McDonald’s following Bob Stewart’s 30 years of service to the company. Check out more executive personnel announcements as well as supply management news. #procurement #chiefprocurementofficer #procurementnews #promotions #procurementexecutives #supplymanagementnews