July, 2023

article thumbnail

How to Develop an Effective Procurement Strategy

Procurement Freelancers

Are you prepared to enhance your game and master your procurement process? This article explains… The post How to Develop an Effective Procurement Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

Inventory Reconciliation — Everything You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Inventory Reconciliation — Everything You Should Know Inventory reconciliation allows companies to know the difference in their stocks between their records and in their warehouses. However, what is it? For this article, we will talk about what inventory reconciliation is.

Inventory 207
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

R.I.P. Great Resignation (2020-2023)

Art of Procurement

We have seen many trends come and go over the last few years, and most of them stemmed from the. The post R.I.P. Great Resignation (2020-2023) appeared first on Art of Procurement.

article thumbnail

Importance of Contract Management in Achieving Value for Money in the Procurement System

SCMDOJO

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues. In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices.

article thumbnail

State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

article thumbnail

How will the Geopolitical Climate affect the Microchip Supply Chain

All Things Supply Chain

The microchip industry’s value to the global economy is almost unquantifiable owing to the fact that it facilitates other key industries that our society holds in high regard.

article thumbnail

Can brands save profits without squeezing suppliers?

Procurement Leaders

With inflation driving down sales, manufacturers can only push costs up so much and they’re feeling the pinch. While the reflex for many will be to squeeze suppliers, this isn’t the solution. Pressuring suppliers to drop prices only limits the resources with which they can work. This blocks the value that manufacturing brands can draw from these businesses, such as dependable supply and information that prevents risk and attracts opportunities.

Suppliers 147

More Trending

article thumbnail

Last Mile Logistics — What You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Last Mile Logistics — What You Should Know Last mile logistics is often associated with e-commerce due to its rising popularity in the modern market. However, many people do not know what last mile logistics is.

Logistics 209
article thumbnail

IR35 Assessments – Getting it right

Procurement Heads

There is a mature interim management market in procurement and supply chain disciplines, and attracting the best quality interims is often a challenge for organisations. Typically roles defined outside IR35 are more appealing for this population, although many will also be willing to work on an inside IR35 basis if the parameters are right. Either way, it’s of paramount importance to understand the IR35 criteria and implications when recruiting any temporary role and make sure these are implemen

article thumbnail

The hitchhiker

ABC of Procurement

Beware, so long as you live, of judging men by their outward appearance. Jean de La Fontaine The post The hitchhiker first appeared on ABC of Procurement.

article thumbnail

Supply Chain Weekly Wrap-Up 07/21/2023-07/27/2023

All Things Supply Chain

Ford supplier invests $790M to build new Plants Magna International, an automotive supplier, will produce key components for Ford’s second-generation electric truck as part of a $790 million investment.

article thumbnail

Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

Speaker: Ethan Woolley, Director at Kharon

This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia

article thumbnail

Latest research: High-velocity procurement

Procurement Leaders

In partnership with Tradeshift: Making the right move before anyone else can deliver significant business benefits.

article thumbnail

Sheri Hinish Named Global Top 10 Supply Chain Influencer and Tim Cook Apple CEO is ranked #1

Supply Chain Queen

When I started my social media journey, I had 113 connections on LinkedIn, and didn’t know what Twitter or Instagram were OR, how to use them. With over 100k followers cross-channel and a thriving podcast, I wanted to pause and send a heartfelt thank you , and a bit about my journey.I felt out of.

article thumbnail

Should-Cost Model – The Ultimate Guide

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes Access To All Unlimited access to all courses & templates Platform For Teams Procurement Tactics For Teams Where procurement teams build better skills, fas

article thumbnail

THE BIG INTERVIEW WITH ANDREW MITCHELL

Procurement Heads

For Procurement Heads’ latest Big Interview, Andrew spoke with Gemma Burman about his career and the challenges he faces within his role. How did you get into procurement? It was by chance, more than anything to be honest. I’d been made redundant and a friend of a friend approached me with a proposal. Using my transferable skills from my civil and merchant background, I helped develop a procurement team for his private company.

article thumbnail

The 2025 Annual ProcureCon CPO Report

Procurement leaders are at a pivotal moment. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for

article thumbnail

Stakeholder management

ABC of Procurement

Procurement does not have only SRM - Supplier relationship management. We have an equally important element - our stakeholders. The post Stakeholder management first appeared on ABC of Procurement.

article thumbnail

Supply Chain Weekly Wrap-Up 07/14/2023-07/20/2023

All Things Supply Chain

Mercedes-Benz incorporates ChatGPT in Supply Chain Mercedes-Benz plans to integrate OpenAI’s ChatGPT technology into its manufacturing processes and vehicles.

article thumbnail

What smart inventory management means in 2023 — so far

Supply Chain Dive

After working to shed overstocks last year, retailers are trying to keep their inventories lean and relying on the chase to meet demand as it comes.

Inventory 124
article thumbnail

Many Human Rights Violations Reportedly Found in Critical Mineral Supply Chains

Supply Chain Brain

Between January 2021 and December 2022, 102 allegations of abuse were linked to Chinese companies’ overseas investments in the transition minerals sector

article thumbnail

Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.

article thumbnail

The 5S of Kaizen — The Ultimate Guide

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter The 5S of Kaizen — The Ultimate Guide The 5S of Kaizen comes under the umbrella of lean management aimed to eliminate waste within manufacturing operations. However, what is it and how can it be applied in procurement ?

article thumbnail

CPO SPOTLIGHT: STEPHEN DAY

Procurement Heads

For our latest CPO Spotlight, Stephen spoke with Sagar Bhardwaj , Head of Practice – Consumer, about what has changed for him professionally since he last spoke with Procurement Heads. How much has changed for you professionally since your last Head2Head with us? Our organisation is up and running, we have Category Managers, and we have regional teams.

article thumbnail

352: Simplify Freight By Rail, With Commtrex

Let's Talk Supply Chain

Today I’m joined by Commtrex, an award-winning brand that is on a mission to simplify freight by rail. Commtrex is a tech-enabled rail logistics provider with a team of experienced rail professionals, an extensive network of partners, and a best-in-class technology platform that simplifies the movement of freight and creates a competitive advantage.

article thumbnail

Will the Apple Vision Pro push AR in the Supply Chain?

All Things Supply Chain

Apple’s new Vision Pro AR glasses aim to revolutionize access to technology by seamlessly blending the digital and real world.

article thumbnail

From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

article thumbnail

PepsiCo struggles to advance its plastic sustainability goals

Supply Chain Dive

The food and beverage company is inching closer to its goal of using 100% repurposed, compostable or biodegradable packaging.

article thumbnail

AI Wants to Bring Trust to Supply Chains. Can It Be Trusted?

Supply Chain Brain

AI seems like the ideal tool for sussing out supply chain vulnerabilities. But can we trust the algorithms?

article thumbnail

Choosing a Contract Management Tool

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Choosing a Contract Management Tool Choosing a contract management tool is crucial for your business as you need to select what suits your company the best. However, what are the factors that you need to consider when choosing one?

article thumbnail

CPO SPOTLIGHT: NICK JENKINSON

Procurement Heads

Passionate about digital transformation and innovation, Nick spoke to Procurement Heads’ James Dobbin about his experiences, outlook and drivers. How did your procurement journey begin? Like many in procurement, I didn’t have a lifelong dream that this was what I was going to do with my career, I came out of university and found a role with a local business.

article thumbnail

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?

article thumbnail

Market trends in procurement technology 2023

Spend Matters

Twice a year, the Spend Matters analyst team works to score vendors in a data-driven process called SolutionMap which assesses the technical capabilities of vendors using a rigorous RFI process. This article highlights the changes and trends that our scoring process and general market knowledge has brought to our attention. This content is for members only.

article thumbnail

Supply Chain Weekly Wrap-Up 06/30/2023-07/06/2023

All Things Supply Chain

Taiwan Exports at a 14 Year low as Demand Woes Taiwan’s exports experienced their sharpest decline since 2009 in June, signalling concerns about the global demand slump for electronics and…

Export 246
article thumbnail

FedEx details capacity plan as UPS strike fears intensify

Supply Chain Dive

The carrier will use volume from July 17 to July 21 as a baseline capacity measurement. Shipments exceeding that amount aren't guaranteed to be accepted.

120
120
article thumbnail

Cutting Out the Middle Mile: Using the Warehouse to Meet the Need for Speed in the Last Mile

Supply Chain Brain

In this environment, for retailers to compete, they need to give customers a full menu of delivery options to fit their preferences at the point of purchase, each and every time.

article thumbnail

The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!