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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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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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).

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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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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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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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 […].

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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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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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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.

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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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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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When Is It Time to Reevaluate Your ECommerce Fulfillment?

All Things Supply Chain

Coming from a fulfillment company, it’s too tempting not to call eCommerce fulfillment the “heavy lifting” essential to running a successful brand that brings customers back again and again.

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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?

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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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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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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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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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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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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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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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Does Just-in-Time Inventory Really Enhance Cash Flow?

Supply Chain Brain

For many businesses, the past year exposed the fragility of their cash flow and working capital. The pandemic, coupled with supply chain disruptions and erratic consumer demand, wreaked havoc on companies facing both internal and external pressures.

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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.

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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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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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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 03/11/2022-03/17/2022

All Things Supply Chain

White House to reveal new data-sharing initiative to tackle supply chain crunch A new project, named “Freight Logistics Optimization Works” (FLOW) will join Biden Administration officials and private-sector businesses in…

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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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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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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Deliver Tangible Sustainability Improvements — Featuring Michelin

ivalua

The post Deliver Tangible Sustainability Improvements — Featuring Michelin appeared first on Ivalua.

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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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Supply Chain Weekly Wrap-Up 03/18/2022-03/24/2022

All Things Supply Chain

Food supply chains ‘falling apart’ in Ukraine Officials from the World Food Programme (WFP), the food-assistance branch of the United Nations are warning that food supply chains in Ukraine are…

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.