Thu.Nov 30, 2023

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What are the steps in the procure to pay process?

ProcurePort

The procure-to-pay process is a comprehensive journey involving steps from identifying a need for goods or services through payment to suppliers, emphasizing the importance of efficient communication, transparency, and strategic supplier relationships. Successful implementation of the procure-to-pay process requires meticulous attention to each stage, from request and purchase requisition to supplier evaluation, purchase order creation, […] The post What are the steps in the procure to pay

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Amazon ramps up warehouse sublease listings

Supply Chain Dive

The company listed roughly 1.5 million square feet for sublease in October, the most in over a year, according to CoStar.

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After Onshoring: U.S. Supply Chains Can Drive Growth and Profits Through Sustainability Initiatives

Supply Chain Brain

Fortunately, corporate renewable energy and sustainability efforts are incentivized by local, state, and federal tax incentives that help offset the cost of adoption.

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Former GM procurement manager convicted in supplier bribery scheme

Supply Chain Dive

Hyoung Nam So was found guilty of securing a $100 million contract for a South Korean auto parts supplier in exchange for millions in cash.

Suppliers 116
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How to Create Sales Email Sequences That Convert

Modern go-to-market teams know it takes more than one email to break through the noise. Multiple touchpoints means more ways to get your pitch right — and, potentially, more ways to be wrong. The good news? Once you know how to write compelling, one-off emails to entice prospective customers, you can easily do the same across a short sequence of emails.

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Ivalua Launches AI-Powered Virtual Assistant

Supply Chain Brain

IVA offers supplier research capabilities, market insights, legal assistance, RFP assistance and improvement plans that summarize supplier actions and suggest appropriate responses.

Suppliers 104
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Port of Virginia cargo volumes drop 4% in October

Supply Chain Dive

Despite the annual drop, the port saw both monthly gains and improved volumes from a pre-pandemic comparison.

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More Trending

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Air cargo spot rates perk up in October

Supply Chain Dive

While prices are picking up, freight forwarders still don’t expect major improvement in the market until the second half of 2024, according to Clive Data Services.

Price 110
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Watch: Trends in Truckload Market Rates: Contract or Spot?

Supply Chain Brain

How did the COVID-19 pandemic affect shippers' decisions as to whether to pursue contract or spot rates in the truckload market? And what's the trend today?

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How to build a successful employee experience strategy

IBM Supply Chain Blog

Ever since the pandemic changed the corporate world, organizations have rededicated themselves to excelling at employee experience strategy. A successful employee experience strategy (EX strategy) is the best way to recruit and retain top talent , as employees increasingly make decisions on where to work based on how they respond to employee needs. Organizations can prioritize overall employee experience by being thoughtful about how to serve their workers during all stages of the employee journ

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Why the Information and Communications Tech Industry Is Poised for Rapid Growth

Supply Chain Brain

This has been a challenging year for the multi-trillion-dollar information communications technology industry. Now, however, it looks like the downturn is behind us, and growth is predicted in the near term.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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How to Boost Efficiency and Streamline Land Transport in the Logistics Industry

The Network Effect

The post How to Boost Efficiency and Streamline Land Transport in the Logistics Industry appeared first on The Network Effect.

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New Evidencity Tool Aims to Combat Modern Slavery

Supply Chain Brain

Evidencity said that the MS tool is the first modern slavery research-on-demand, pay-as-you-go product available on the market.

Demand 98
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6 climate change adaptation strategies every organization needs today

IBM Supply Chain Blog

There’s a lot of talk about how organizations can and should reduce their negative impact on the environment. While staying focused on mitigating our current and future contributions to climate change is crucial, we cannot ignore the dire impacts of existing climate hazards. Risks from wildfires, floods, heat, drought and wind have always been a concern, but climate change has intensified these risks, making them more frequent and unpredictable for organizations.

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Bed Bath & Beyond Suing MSC for $300M

Supply Chain Brain

Bed Bath & Beyond wants MSC to pay roughly $150 million for damages as well as an equal sum for what the company described as exploitative and coercive behavior.

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Foundational ABM Building Blocks

Account-based marketing (ABM) is a key strategy for driving sustainable growth. Today, many B2B companies use ABM teams or technologies to make sales. But getting a program off the ground successfully doesn’t have to be a daunting task. Watch this webinar with Rachael Foster, Director of Account-Based Experience at ZoomInfo, and Dan Dolph, Manager of Account-Based Experience at ZoomInfo.

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Revolutionizing database performance monitoring with DBmarlin and IBM Instana 

IBM Supply Chain Blog

Monitoring database performance can be a daunting task, especially in complex environments with a combination of both self-hosted and cloud-based databases. Thanks to the innovative partnership between DBmarlin and IBM® Instana™, businesses can now achieve granular insights into database performance like never before. The business challenge Businesses face several challenges when it comes to database performance monitoring: Understanding and optimizing database performance to ensure t

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Ford Estimates UAW Labor Deal Will Cost $8.8B

Supply Chain Brain

Ford and GM were forced to cut their full-year profit forecasts due to lost production from the six weeks of strikes at the companies’ U.S. plants.

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Rallying troops against cybercrime with QRadar SIEM

IBM Supply Chain Blog

Cybersecurity is everyone’s business—as it should be, given the staggering surge in cyberattacks. Today, these attacks exhibit an unprecedented level of frequency, ingenuity and speed. The cyberthreat landscape is evolving and countries such as India are facing an alarming rate of increase in cyberattacks ( Q2 of 2023 saw a 90% increase ).

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OPEC+ Agrees on Deeper Output Cuts to Avoid Renewed Surplus

Supply Chain Brain

Members of the group agreed to make 1 million barrels a day of additional oil-supply cuts at a November 30 meeting, delegates said.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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Procurement 6 – December 1st, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – December 1st, 2023 appeared first on Art of Procurement.

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Innovation and authentic demand

IBM Supply Chain Blog

Arvind Krishna recently spoke with former IBMer and author Danny Sabbah about a new book he co-authored, The Heart of Innovation: A Field Guide for Navigating to Authentic Demand. In their conversation, Arvind and Danny discussed the secret to determining authentic demand and building innovative products that achieve runaway success. Here are five facts about innovation, taken from the book and their conversation, that may surprise you: While major technology breakthroughs dominate our perceptio

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What’s “The Secret” to Victoria’s Secret Supplier Diversity Success?

Procurement Insights

EDITOR’S NOTE: Here is one comment I received regarding yesterday’s supplier diversity post and my subsequent response. Reader Comment: Jon W. Hansen , in my opinion, it’s one of those where all parties have an accountability to act. Consumers and Shareholders require/pressure/demand higher diversity; Procurement has the organizational power to enable and convert purchases into social opportunities.

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How to build a successful talent acquisition strategy

IBM Supply Chain Blog

The success of any organization relies on its ability to attract, retain and develop top talent. Talent acquisition refers to the ongoing strategy and process an organization and its HR department uses to source, attract, evaluate, hire and retain the highly-qualified new employees it needs to grow. A well-crafted talent acquisition strategy has become a critical component for organizations seeking to secure a competitive edge.

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AI in Sales: How AI is Transforming Go-to-Market

How will generative AI transform sales? It’s a question that promises to drive billions of dollars in revenue opportunities over the next five to 10 years. And if you’re not leveraging AI solutions in your go-to-market motions, you’re already behind. In this eBook, we’ll cover: How today’s top sales leaders are incorporating AI into their go-to-market motions.

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Podcast | Can Smaller E-tailers Match Amazon’s Same-Day Service?

Supply Chain Brain

When it comes to same-day delivery, Amazon has set the bar high. Is it realistic for smaller e-tailers to match that promise?

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How AI Can Help Make Product Sourcing More Efficient

Procurement Freelancers

In today’s hyper-competitive business arena, pursuing efficient and cost-effective product sourcing is a linchpin for…

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Supply Chain Leader Jennifer Karpus-Romain on Shattering Imposter Syndrome

Let's Talk Supply Chain

Women in supply chain are gaining momentum in narrowing the gender gap. They now make up 41% of the supply chain workforce, an almost 40% increase from the year prior. Post-pandemic dynamics and more awareness of supply chains are empowering progress in what was once an overwhelmingly male-dominated industry. According to Gartner , that trend is only increasing.

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Frayed Wires: Is The Consumer Market Unplugging From The EV Industry?

Procurement Insights

“The lithium-ion battery, one of the primary components of an electric vehicle, requires various minerals, including cobalt. However, mining these minerals comes at an ethical, moral, and environmental cost.” Iain Campbell McKenna , Silent Victims: The Moral Cost of Electric Cars (April 12th, 2023) [link] “The stream of used cars heading to West African ports is only expected to increase with the West’s shift to electric vehicles.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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The Evolution of Soft Skills & How to Flip the Narrative: Part 1 with Head of Procurement & Properties at Bibby Financial Services, Tom Mills – Episode 85

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Listen on Google Podcasts Listen on Amazon Episode show notes “Everyone should be learning right through their career. It’s actually the power of saying very little, and listening.” Soft skills are an undoubtedly vital part of any procurement professional’s skillset, but it’s such a vague term … Continued The post The Evolution of Soft Skills & How to Flip the Narrative: Part 1 with Head of Procurement & Properties at Bibby Financi

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Supply Chain Optimization: Business scenarios and architecture

IBM Supply Chain Blog

The pandemic has brought supply chain to focus, and organizations recognize dynamic supply assurance as a critical capability for their business. Chief Supply Chain Officers (CSCO) and other executives seek to optimize their supply chain by infusing AI, modernizing their technology and addressing sustainability goals. Over the next decade, CSCOs will need to solve key industry challenges: supply chain disruptions due to climate events; regional conflicts such as Ukraine or Middle East; the desir

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Procurement Holiday Calendar

Una

HAPPY HOLIDAYS FROM UNA Procurement Holiday Calendar ‘Tis the season for gift-giving and spreading holiday cheer! Unwrap daily procurement tips and sourcing tricks that will leave you feeling empowered during the most wonderful time of the year. All I want for Christmas is.better relationships with internal stakeholders! This can increase cost savings, improve efficiency, and enhance communication and innovation.

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Steps of Supply Chain Management to Ensure the Success of Any Business

SCMDOJO

The effective execution of supply chain planning and operational solutions largely depends on a company’s capacity to pinpoint and record its preferred value measures and results, ensuring these are in sync with its service provider. Business and supply chain leaders should consider these five essential strategies when setting project objectives, to prevent a troublesome implementation.

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Marketing Operations Efficiency: The Essential Checklist

As marketing becomes more tech-driven, the role of marketing operations (MOps) is getting more complex. Today, the discipline is increasingly interwoven with other vital go-to-market motions — including sales and customer support — and is responsible for all business elements associated with marketing, including the tech stack. In this eBook, we’ll show you how marketing operations can create efficiencies in your tech stack, reporting, and budget that will not just improve internal processes, bu