Kodiak Hub’s Post

🔍 Wondering how supplier intelligence can boost your operations? ⚡ 72% say supplier performance data has improved supply resilience. ⚡ 100% of top performers report a high impact on efficiency from it. We're sharing key findings from our research with ProcureTech. Join our CEO Malin Schmidt and Head of Product Laura Chavarria, alongside leaders from Siemens Mobility and Philips. 💡 Topics: ⚡ Best practices in supplier intelligence ⚡Top supplier performance priorities ⚡Weaknesses holding supplier management initiatives back Register now 👉 https://lnkd.in/gGEE9DAk #ProcureTech #KodiakHub #Procurement #SupplierIntelligence #SupplierPerformance

How can supplier intelligence drive performance and enhance your operations? What does best-in-class supplier performance look like and what value can it unlock for your organization? In collaboration with ProcureTech, we've surveyed 100+ Procurement & Sourcing leaders about the current state of supplier performance intelligence and explored these valuable research findings in our new whitepaper "Elevating Performance: Strategies for enhancing supplier performance across the lifecycle." Within this comprehensive whitepaper, we’ve shared enlightening and inspiring insights on: 💡 How Procurement is using supplier performance intelligence 💡 The maturity of Procurement’s supplier data 💡 How performance data is driving supplier collaboration and improvement 💡 The supplier performance areas to understand and measure 💡 The tools and solutions that Procurement is using to drive improved decision-making 💡 And much more! In parallel with the launch of our whitepaper, we also hosted a webinar together with ProcureTech to explore and dig in to this valuable research in an engaging discussion with: –Malin Schmidt (Founder & CEO, Kodiak Hub) –Laura Chavarria (Head of Product, Kodiak Hub) –Lance Younger (CEO, ProcureTech) –Daniel G. Wilson (Head of Indirect Procurement, Philips) –Yuri Hembitski 🇺🇦 (Global Head of Procurement Excellence, Novonesis) Download the whitepaper here 👇 🐻 https://lnkd.in/d8tz-viK Christian Möllerström Josephine Walbank Mutya Buena Benerayan

How can procurement teams avoid data paralysis and streamline their operations with Atamis Ltd? Richard Bray, Co-Founder of Atamis, discusses how their comprehensive platform supports the entire sourcing lifecycle, from spend analysis to supplier relationship management. Read more: https://ow.ly/sEMH50SzzMr #DataAnalytics #Efficiency #StrategicDecisions

Ready to thrive in 2025? 🚀 Key strategies for success in procurement: 1️⃣ Adopt Digital Transformation for streamlined tasks and smarter decisions. 2️⃣ Leverage Digital Reverse Auctions to boost efficiency and secure competitive deals. 3️⃣ Strengthen Supplier Relationship Management (SRM) for improved collaboration and performance. Embrace these strategies to navigate the future of procurement with confidence! #Procurement2025 #DigitalTransformation #SupplierManagement #ReverseAuction #SMEsuccess #ProcurementStrategy #BusinessGrowth #SupplyChainExcellence

2025 is a going to be major landmark year for procurement!! 2025 will not only lay the foundation for the next generation AI in procurement to make procurement sharper and stronger but also need more robust platforms to help organizations transition in this era. Procurement is the key driver for organizations existence, not the other way around. A successful procurement team can make organization growth multi-fold, that too with external capabilities, skillsets and resources. Time to critically evaluate your procurement support ecosystem. #procurEngine #B2B #Simplify #eNegotiations #DigitalTransformation #eProcurment

🌟 The Power of Strategic Procurement In today's dynamic business landscape, procurement is more than just acquiring goods and services—it's about driving value, innovation, and efficiency. By leveraging strategic sourcing, data analytics, and strong supplier relationships, organizations can enhance their operational performance and achieve sustainable growth. Key components of a successful procurement strategy include: -Strategic Sourcing: Identifying and partnering with top-tier suppliers. -Data-Driven Decisions: Utilizing analytics for smarter procurement choices. -Sustainability: Prioritizing ethical and sustainable sourcing practices. -Supplier Collaboration: Building robust relationships for mutual innovation. Embrace the future of procurement to stay ahead in the competitive market. #Procurement #Supplychain #StrategicSourcing #BusinessGrowth

Procurement: A CEO’s Secret Weapon For Growth And Resilience In Turbulent Times I recently came across this insightful study from Forrester commissioned by Ivalua that I wanted to share with you. Some 💡takeaways and 👍 recommendations: 💡Procurement leaders are focusing on revenue growth and innovation, working closely with suppliers to identify new opportunities. 💡Despite challenges, 78% of organizations have increased collaboration with suppliers, and 50% have increased information sharing. 💡 To manage supply chain risks, procurement leaders are investing in technology, specifically in Supplier Risk and Performance Management (SRPM) solutions or a Supplier Value Management (SVM) suite with embedded SRPM capabilities. 👍Redefine the procurement function to combine human creativity and digital technology. 👍Take a holistic view of technology to address immediate needs and support future requirements. 👍Collaborate with suppliers to meet Environmental, Social, and Governance (ESG) imperatives. 👍Boost supply chain resilience by adopting a ‘just-in-case’ thinking. #Procurement is the secret weapon that could help businesses not just ride out the storm but also position themselves for the future. Let’s embrace the power of procurement!

In today's competitive business landscape, effective supplier management is crucial for ensuring a resilient and high-performing supply chain. Supplier scorecards are essential for saving time on strategic sourcing decisions, managing supplier performance, identifying risks, ensuring compliance, and fostering collaboration with top suppliers. Despite this, many procurement teams lack modern solutions to create balanced, visually appealing scorecards. It's time to move beyond spreadsheets and set aside your RAG scores! Join us on July 11th at 15:00 CET / 14:00 GMT for an insightful webinar, "8 Essential Features of Smart Supplier Scorecards," where Kodiak Hub's Samuel Jenks will delve into the critical components that make supplier scorecards a powerful tool for procurement professionals. This webinar provides practical tips and best practices using the Kodiak Hub SRM solution, leading to better data gathering, reliable Supplier Ratings, comprehensive scorecards, enhanced sourcing intelligence, and more data-driven decisions. Secure your spot today and register at the link in the comments 👇 🐻 See you there!

Promises to be an insightful session on smart supplier management, it’s time to move with industry trends and technology for leverage competitive advantage.

Embracing an #endtoendprocurement solution entails consolidating all procurement functions, standardizing operations, leveraging automation, harnessing data analytics, nurturing supplier partnerships, and enforcing compliance. These strategic pillars collectively pave the way for enhanced procurement efficiency, cost reduction, and streamlined supply chain management. Organizations poised to reap substantial rewards from implementing such comprehensive procurement solutions include large corporations navigating intricate supply chains, entities seeking heightened financial oversight and transparency, businesses striving to optimize supplier collaborations for cost efficiencies, and firms operating within tightly regulated sectors where adherence to compliance standards is paramount. #procurementexcellence #supplychainmanagement #costsavings #compliancestandards