Transform Your Procurement Strategy: Lessons from Ace Hardware.
Discover how one of America’s largest retail cooperatives is redefining procurement excellence in this exclusive webinar replay. Join Fraz Baig, Ace Hardware’s Director of Category Management and Operations, as he reveals their journey from operational challenges to procurement innovation.
In “New Year, New Strategies, and Streamlined Operations,” Baig shares practical insights on:
- Tackling operational inefficiencies with proven solutions
- Implementing AI-powered technology for smarter decision-making
- Building a procurement strategy that scales
Watch now to unlock strategies you can apply to your own procurement transformation.
Building a Smarter Procurement Hub
At the heart of Ace Hardware’s transformation is their implementation of Levelpath as a centralized procurement platform. This strategic move has revolutionized their approach by:
- Enhancing supplier data quality through advanced enrichment capabilities, leading to deeper supply chain insights and more informed decision-making
- Streamlining vendor onboarding and management processes, creating a more efficient operational workflow
- Driving cross-team collaboration through improved transparency and visibility
Navigating Modern Procurement Challenges
Ace Hardware’s transformation addresses several critical challenges facing today’s procurement leaders:
- Talent Development: The company has prioritized upskilling existing employees to meet evolving technological demands
- Data Quality: By focusing on supplier data enrichment, Ace Hardware has significantly improved their decision-making capabilities
- Contract Standardization: New templated approaches have strengthened risk management and cost control
- Strategic Supplier Relations: Enhanced focus on key vendors in critical categories has improved partnership outcomes
The Future of Procurement: 2025 and Beyond
Ace Hardware’s journey highlights several emerging trends shaping the future of procurement:
- AI Integration: Leveraging artificial intelligence for sourcing, bids, and RFP generation
- Sustainability Focus: Incorporating environmental and ethical considerations into supplier evaluation
- Stakeholder Collaboration: Using real-time updates and centralized platforms to enhance internal communication
- Agile Operations: Building flexibility and scalability into procurement processes
Procurement professionals interested in learning more about Ace Hardware’s transformation journey can replay this webinar. The session shares practical insights into implementing modern procurement solutions and achieving strategic objectives in 2025.
This reimagining of procurement demonstrates how technology can transform traditional processes into strategic advantages. Ace Hardware’s experience shows that with the right tools and approach, procurement can evolve from a back-office function into a key driver of business value.
— Michaela