March, 2022

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The 7 Steps in the Strategic Sourcing Process

All Things Supply Chain

With the advent of COVID-19 pandemic, supply chains and demand have been massively disrupted and are causing inventory issues, unclear delivery reliability, and a significant risk in single-source supplier circumstances.

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Procurement Category Management for Business

ProcurePort

The procurement category management process is the intentional action by a company to divide its procurement spend into segments with related items. The main reason for segmentation is to find opportunities to generate value through greater efficiency. When successfully implemented, the company can gain through lower purchase prices, better relationships with suppliers, agility in logistics, […].

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Trending Sources

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Intelligent IBP – The Rise of Autonomous

Supply Chain Trend

Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. This traditional IBP is not set up for a fast-changing world, where speed of decision making confers a competitive advantage. Intelligent automation will change this. In a series of short blogs, I will discuss the transition of traditional IBP towards a more intelligent IBP.

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Rome wasn’t Built in a Day, Neither was your Supplier Relationship

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance.

Suppliers 130
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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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Word for Procurement Professionals

Procurement Templates

Key Board Shortcuts. To do this Press Open a document. Ctrl+O Create a new document. Ctrl+N Save the document. Ctrl+S Close the document. Ctrl+W Cut the selected content to the Clipboard. Ctrl+X Copy the selected content to the Clipboard. Ctrl+C Paste the contents of the Clipboard. Ctrl+V Select all document content. Ctrl+A Apply bold formatting to text.

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History and Evolution of Supply Chain and Logistics

SCMDOJO

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Although logistics represents a whole system of space/time interdependencies, we believe that the discussion of its history and its chronological evolution still requires extensive studies to explore its origin and its advance in time, from a new point of view.

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Request for Proposal (RFP) Application: What is it & How to Write it?

ProcurePort

A request for proposal (RFP) application is a document that an organization, often a large enterprise or a governmental organization, posts to solicit a response from potential vendors about the supply of specific goods and services. The request for proposal specifies what the client is looking for and outlines the evaluation criteria used to assess […].

Supply 147
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The Hidden Greenwashing Behind Recycled Plastic

Supply Chain Brain

In an age of internet-savvy consumers, companies have employed increasingly sophisticated greenwashing tactics to avoid taking meaningful environmental action, while reaping the reputational benefits of appearing eco-friendly.

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Ivalua Recognized as A Leader in Supplier Value Management Platforms, Q1 2022 report

ivalua

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. Supplier Value Management (SVM) platforms include the various applications used to automate and manage activities with suppliers, including Supplier Risk & Performance Management (SRPM), Source-to-Contract (S2C), and Procure-to-Pay (P2P).

Suppliers 130
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Supplier Profile Tools

Procurement Templates

In order to build a supplier profile, users need leads for business intelligence. The following organisations are a source of rich information. D&B. Zoom Info. Contact List Provider & Builder. Our contact database has over 95 million companies profiled with all of their employees. Used to fuel sales & marketing growth, Zoominfo provides you with verified email addresses & direct dials for your desired contacts.

Suppliers 130
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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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What is a Blanket Purchase Order and How it Works

SCMDOJO

Blanket Purchase Order Definition. A blanket purchase order is a simple way for many buying and finance directors to streamline the procurement process and enhance operational efficiency. Simply said, blanket purchase orders allow procurement managers to take advantage of preset costs while also reducing responsibilities. A blanket purchase order, also defined as a standing purchase order, is a long-term agreement between a company and a supplier to offer items or services at a certain price ove

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Supply Chain- Ask an Expert with Dana von der Heide

All Things Supply Chain

Although the topics of diversity and gender equality are important every day of the year, International Women’s Day is a time to celebrate women’s achievements and to encourage female empowerment.

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What is Supplier Management? Why and how is it Implemented?

ProcurePort

· What is supplier management process? · What’s the importance of implementing good vendor management best practices? · And what are some vendor supplier relationship strategies you can adopt to streamline the supplier management process? In this post, we tackle each of these issues. But first, what is supplier management anyway? What is Supplier Management?

Suppliers 130
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Record Lead Times Show More U.S. Inflation in Supply Chain Mess

Supply Chain Brain

The supply squeeze on the U.S. economy tightened further in February, indicating no relief for domestic producers and pointing to persistent inflationary pressures.

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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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We’re BACK! 5 Reasons to attend 2022 Ivalua NOW Paris: Stronger Together

ivalua

After a 2-year hiatus, Ivalua is thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Paris. . This year, we’re centering our event around the theme “Stronger Together” to celebrate the collective challenges we have overcome and how we can move forward with renewed priorities. Today, we are stronger, more united, and more determined to lead and innovate together!

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Preparing Your Company for Industry 4.0!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Optimize Your Factory for Industry 4.0! Industry 4.0 is a hot trend that is continually helping to increase efficiencies in manufacturing and many manufacturing companies are actively looking for ways to adopt it in their own operations. The potential gains for any production operation are significant, but there are also some requirements to be observed before attempting to implement Industry 4.0 practices in a manufac

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Intelligent IBP – Closing the Decision Gaps

Supply Chain Trend

Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. This traditional IBP is not set up for a fast-changing world, where speed of decision making confers a competitive advantage. Intelligent automation will change this. In this series of short blogs, I will discuss the transition of traditional IBP towards a more intelligent IBP.

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The impact of Russian Invasion on Global Supply Chains

All Things Supply Chain

Russia’s invasion of neighboring country Ukraine has prompted global leaders across the world to respond with economic sanctions, as well as pledging support for Ukraine in various ways.

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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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4 Keys to Vendor Risk Management Process Workflow

ProcurePort

You most likely depend on third-party vendors to efficiently run your routine operations if you own a business or an organization. Nevertheless, vendor management process workflow can present risks with serious financial, legal, and operational repercussions making vendor risk management a critical process. But how do you manage tens or hundreds of vendors if you […].

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A Year After Suez Canal Fiasco, Bad Luck Strikes Again for Evergreen

Supply Chain Brain

A year after a giant container ship got stuck in the Suez Canal for almost a week and disrupted global trade for months, another Evergreen Marine Corp. vessel has run aground.

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Tightening the Alignment between Procurement and Corporate Leaders 

ivalua

Tightening the Alignment between Procurement and Corporate Leaders . Using procurement as a catalyst for change . In a recent webinar with PricewaterhouseCoopers (PwC), we compared 3 different global studies where Procurement and C-level Management stakeholders addressed digitalization, risk, and ESG. . The results from PwC’s Digital Procurement Survey, The CEO Survey, and The Fraud Survey revealed surprising differences between Procurement top priorities versus Corporate Board Member goals. .

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20 Supply Chain Job Interview Questions and Answers!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Minute Job Interview Tips for Success! Many of the most important, and in demand, jobs these days are in Supply Chain. Not only are these skills in high demand but the number of people with those extensive skills and experience is limited, making the effectiveness of the Supply Chain job interview more important than ever.

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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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Intelligent IBP – Unshackle the Planners!

Supply Chain Trend

Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. This traditional IBP is not set up for a fast-changing world, where speed of decision making confers a competitive advantage. Intelligent automation will change this. In this series of short blogs, I will discuss the transition of traditional IBP towards a more intelligent IBP.

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Supply Chain Weekly Wrap-Up 02/25/2022- 03/03/2022

All Things Supply Chain

Brands sever supply chain ties with Russia A growing list of corporate giants in various industries have decided to cut ties with Russia due to its invasion of Ukraine.

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How to Succeed at Business Spend Management

ProcurePort

Enterprise spend management is a set of processes meant to bring transparency and control over the manner in which people given the power to spend are doing so. Such transparency can help to reduce business risk, increase profits, and improve efficiency in various areas of the business. In business spend management, it’s extremely important to […].

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U.S. Importers Are Paying Anything to Avoid Shipping Woes

Supply Chain Brain

U.S. importers, straining under a tapped-out supply chain, are increasingly offering top dollar for long-term shipping contracts that may not even be honored as they try whatever it takes to guarantee the arrival of their products.

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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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LEADER – The Forrester Wave™: Supplier Value Management Platforms, Q1 2022

ivalua

The post LEADER – The Forrester Wave™: Supplier Value Management Platforms, Q1 2022 appeared first on Ivalua.

Suppliers 130
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How to Create a Digital Marketing Strategy for a Logistics Company!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Content Marketing Strategy – The Decisive Guide! The power of digitalization is evident in many spheres and industries, including the logistics one. As the technologies develop, the means for promoting logistics services with a digital marketing strategy has also changed. For instance, logistics marketing heavily relies on digital channels of communication.

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3 Key Steps to Increase Operational Efficiency in Procurement

Procurement Software

Let’s be honest. Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

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The Top 3 Ways to Take Your 3PL to the Next Level

All Things Supply Chain

The logistics and warehousing markets are growing and changing fast. For 3PL providers, this change presents some serious opportunities.

Logistics 274
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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.