August, 2020

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WARNING: Handling Dangerous Cargo

All Things Supply Chain

On August 4th, 2,750 tonnes of ammonium nitrate – equivalent to approximately 6 million pounds – that were being stored in a facility at Beirut’s port caught fire and exploded.

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5 Best Practice Effectively Roll-out Digital Procurement Software

ivalua

Anyone who has been through a Procurement software implementation will know, it’s not always simple. Having been at Ivalua for many years I thought I’d share my perspective. Here are a few points which I hope demonstrate my knowledge of the Procurement process and show my understanding of how the Procurement function needs to operate to be successful.

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3 Limitations of e-Auctions and How to Overcome Them

ProcurePort

Did you know that reverse auction software can help you save 18 to 40% on addressable spend? Buyers are always looking for ways to reduce sourcing fees and the e-auction system provides such a platform. It permits streamlining of e-procurement and assists in improving service along the supply chain. Indeed, e-Auctions have revolutionized the way […].

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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. In this article, Niels argues that these technological advances can lead to either (a) planning-process and decision automation or (b) planning and decision augmentation.

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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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How to Choose Eco-Conscious Suppliers

Supply Chain Brain

Many companies today are guilty of “greenwashing” or “green sheen” — marketing themselves as green while merely going through the motions.

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10 Critical Supply Chain Lessons from The Pandemic! (Video)

Supply Chain Game Changer

Coronavirus Exposes Global Supply Chain Fragility! The Coronavirus pandemic continues to wreak havoc throughout the world. In some places the pandemic has been controlled and life is getting back to a new normal. Yet in many other cases the pandemic is spreading aggressively and even realizing a devastating resurgence, particularly in the United States.

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Best Practice Guide to Invoice to Pay

ivalua

What is Invoice to Pay? Invoice to Pay is a request for payment by a supplier, and technology helps to make this simple, fast and more efficient for the Supplier and the Accounts Payable team. Invoice to Pay sits at the end of a Procurement process that starts with a need, moves through selecting and contracting with a supplier and ends with delivery of goods or services. .

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How Procurement Software has Progressed in 2020

ProcurePort

2020 is going to be a significant year historically. From the world-wide pandemic, to the mass social unrest, to one of the most unique elections the United States has ever seen; 2020 has certainly been hectic. Professionals, decision makers, and organizational leaders have had to rapidly adjust to the changing business landscape in order to […].

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Augmented Procurement is Making the Future Our New Reality

Jaggaer

Technology has been augmenting everyday life for quite some time now , but p rocurement has historically been slower in adopting the technological leaps see n outside of the industry. Now this idea of augmented procurement – and eventually autonomous procurement – has surfaced , and many are asking when the change will happen, and more importantly what it means for them. .

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A Transport Tech Company Brings Manufacturing Back to the U.S.

Supply Chain Brain

In the wake of the coronavirus pandemic and rising overseas production costs, many American companies are thinking about returning at least some manufacturing to the United States. But XStream Trucking Inc. has wasted no time in doing just that.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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The Reverse Logistics Role in Supply Chain Trends!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What Exactly Is Reverse Logistics? Reverse logistics role article and permission to publish here provided by Kevin Jessop at cerasis.com. As customers continue to shop online the demand on reverse logistics—particularly the process of managing returns—will skyrocket. It’s the same story; customers want more and more.

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Warehousing solutions for handling sudden high demand in eCommerce

All Things Supply Chain

If you’re going to have a problem in your eCommerce business, a sudden spike in demand is about the best one to have.

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AP Automation Best Practice Guide

ivalua

Taking AP Automation and Invoice Processing to new levels of performance. Unlock the power of AP automation and hit new heights in straight-through-processing by utilizing smart matching within one-click workflows that manage line level allocations and tax treatment automatically. 70% increase in invoice processing efficiency’ – Crédit Agricole. Remove of overhead of payment queries with real-time Supplier updates.

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Purchase Requisition vs Purchase Order in Review

ProcurePort

In an industry like procurement, there are a lot of different terms that sound very similar, and even have similar functionality. Understanding the nuances between these terms is integral to finding success as a procurement professional. Additionally, it can be a good self-reflection exercise to ensure that your internal procurement team is using the appropriate […].

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. Managing supplier s in a highly volatile economic, societal and environmental situation was especially challenging for the pharma industry. In recent years , the sector has become highly dependent on deliveries from the Asia Pacific region and in particular China, where capacities in the transport chain between inland plant

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Little Holiday Joy for Retailers, Preparing for a Peak Season That Could Go Bust

Supply Chain Brain

Right about this time in any “normal” year, ocean carriers and truckers would be entering their annual peak season for freight volumes, in expectation of that ever-reliable holiday shopping bonanza.

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Climbing Mount Kilimanjaro! Lessons for Life and Business!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. I spent a year working in Colorado. In Colorado you can’t help but be drawn to the beauty of the mountains. Eventually I started climbing those peaks (called the Fourteeners, as they are over 14,000 feet high) in my spare time. I hadn’t even thought about Mount Kilimanjaro at that point.

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How (and When) to Deep Clean and Sanitize Your Warehouse

All Things Supply Chain

In the last few months, Covid-19 has introduced many new challenges into people’s everyday lives.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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Report: Achieving Resilience in the Manufacturing Supply Chain

ivalua

The post Report: Achieving Resilience in the Manufacturing Supply Chain appeared first on Ivalua.

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Procurement Software Implementation in 3 Easy Steps

ProcurePort

Procurement and sourcing teams are some of the busiest departments of any organization. All year round they are working round the clock to ensure that goods & services for the business are procured in a timely manner from reliable suppliers to keep operations running smoothly. Procurement teams cannot slacken or let their guard down otherwise […].

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Optimizing Direct Procurement and the Inbound Supply Chain

The Network Effect

The post Optimizing Direct Procurement and the Inbound Supply Chain appeared first on The Network Effect.

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How Electric Trucking Will Improve the Environment

Supply Chain Brain

With hybrid and fully electric cars more popular than ever, it’s no surprise that electric semi-trucks are a compelling topic for discussion within the shipping industry.

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

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The Vital Role Played by Transport in Supply Chain

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Truck Drivers are a Vital Part of the Supply Chain! Vital role article and permission to publish here provided by Amy Fletcher. “Shippers, carriers, wholesale vendors, and others in the supply chain are concerned about the performance of the freight logistics system because highway, rail, and port operations affect their costs and profits,” state experts in the report Measuring the Transportation System from a Supply Chain Pe

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Supply Chain – Ask an Expert with Sheri Hinish

All Things Supply Chain

Our Ask an Expert series continues, and I am delighted to have the woman, who colleagues and clients affectionately call the “Supply Chain Queen”, Sheri Hinish as my next interview…

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Procurement 2020: Key Metrics for the New Decade

ivalua

The post Procurement 2020: Key Metrics for the New Decade appeared first on Ivalua.

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5 Tips When Using Inventory Management Software

ProcurePort

Without inventory management, businesses, economies, and societies would descend into chaos. Inventory management is one of the most crucial elements in developing strong and resilient supply-chains that aren’t affected by the volatile marketplace. Implementing inventory management software has become an industry standard in order to better facilitate the processes and practices involved in inventory management. […].

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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How JAGGAER and the UK Ministry of Justice Exceed Public Procurement Demands

Jaggaer

?. Public sector procurement is stuck in limbo – frequently the differences between public and private sector seem enormous, but they’re of te n exaggerated or misunderstood. We sat down with Richard Hogg, Managing Director, JAGGAER UK, and Jim Rawlings, Commercial Direc tor, UK Ministry of Justice, to talk through the challenges and misconceptions about digital procurement in the public sector.

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How the Pandemic Will Permanently Transform Sourcing Strategies

Supply Chain Brain

When it comes to global manufacturing and sourcing strategies, the coronavirus pandemic has amplified and accelerated a number of trends that were already well underway before it began.

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How to Prevent Shipping Damage! (Infographic)

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Anatomy of the Perfect Unboxing Experience! (Infographic). Shipping Damage article and permission to publish here provided by excelsior.ph. Shipping damage can cost any business owner a significant loss in annual gross sales. Although it can be prevented, damages on shipping can happen more often and might bring a series of detrimental effects for both the buyer and the seller.

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Supply Chain – Ask an Expert with Farzana Shubarna

All Things Supply Chain

After attending this year’s virtual Supply Chain Summit, we had the opportunity to bring back our Supply Chain – Ask an Expert series.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.