January, 2022

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Purchase Requisition vs Purchase Order: What’s the Difference?

ProcurePort

The world of procurement is so vast and can be quite complex. Common terms such as ‘requisitions’ and ‘purchase orders’ can be easily mixed up. If you’ve ever wondered: What do these terms actually mean? Are requisitions and purchase orders the same thing? How do their roles differ in a procurement life cycle? Keep reading. […]. The post Purchase Requisition vs Purchase Order: What’s the Difference?

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Event Preview: Container Shipping Conference 2022

All Things Supply Chain

Event Date: 18th-20th May 2022 (online) The Container Shipping Conference brings together more than 650+ senior delegates from Container, Transport and Logistics industries, to probe and explore winning strategies and…

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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . During the webinar, Ardent Partners highlighted a series of market trends and predictive scenarios for 2022, focusing on massive challenges brought on by the global pandemic that procurement organizations are facing today and present a thoughtful discourse on the road ahead.

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Texas Deep Freeze Will Bring a Fresh Test to Power Grid

Supply Chain Brain

Texas is facing an Arctic blast this week that threatens to leave Dallas blanketed in snow, freeze oil and natural gas production areas and will test the state’s power grid.

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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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4 Route Planning Trends and Innovations!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The History and State of Vehicle Routing! Route planning trends article and permission to publish here provided by Cristina Par. Online shopping has been around for a while now. However, the largest shift in consumer inclination towards online shopping came with the onset of the COVID-19 pandemic.

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The Tactics and Technology Required to Manage Supply Chain Disruptions

The Network Effect

The post The Tactics and Technology Required to Manage Supply Chain Disruptions appeared first on The Network Effect.

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Supply Chain Weekly Wrap-Up 07/01/2022-13/01/2022

All Things Supply Chain

German trade body warns Omicron could damage supply chains Germany’s BGA trade association has warned that huge supply chain disruptions could occur due to the spread of the Omicron variant…

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Ivalua Announces International Convenience Retailer Implements its Source-to-Pay Procurement Solutions

ivalua

Redwood City, CA January 18, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions , and Optis Consulting , a trusted implementation partner, today announced that Parkland Corporation has deployed Ivalua’s Source-to-Pay suite. Through the implementation of its best-in-class Source-to-Pay solution which ensures rapid and accurate purchase processing, Ivalua is pleased to support Parkland’s growth strategy by transforming its procurement processes.

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Global Supply Chains Near Make-or-Break Point for Easing in 2022

Supply Chain Brain

Global supply chains are nearing a turning point that’s set to help determine whether logistics headwinds abate soon or keep restraining the global economy and prop up inflation well into 2022, according to several new barometers.

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7 Reasons to Switch to Agile Project Management!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Agile Supply Chain! Why Agility is Trumping Lean! Agile project management article and permission to publish here provided by Andrej Fedek. The agile approach is one of the most popular methodologies among project managers these days. This approach has been shown to be quite beneficial in supporting companies in developing profitable products/services.

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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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8 Inventory Management KPIs for Effective Inventory Analysis

EazyStock

Inventory Management KPIs for Effective Inventory Analysis. Managing inventory is a complex business. Lots of activities, processes and people are involved in ordering, receiving, storing, picking and shipping items with the ultimate aim of keeping customers happy with the correct orders that are on time. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned.

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Request For Proposal vs. Request For Quote: Key Differences

ProcurePort

Have you ever searched for a product or service online, read reviews, compared prices and retailers until you knew you were making the right decision? Well, that’s what businesses do when making purchases, except it’s a more formal process. In business, the procurement process involves having companies and vendors submit a request for proposal RFPs […].

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The IoT Is the Best Solution for Cold Chain Management Problems

All Things Supply Chain

The COVID-19 vaccine rollout underscored the importance of the cold chain to modern logistics and revealed significant challenges.

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Empowering ESG Objectives and Programs through Source-to-Pay

ivalua

The post Empowering ESG Objectives and Programs through Source-to-Pay appeared first on Ivalua.

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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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Logistics Giants Are Turning to Remote-Run Forklifts Amid Labor Crunch

Supply Chain Brain

As omicron infections keep workers at home and labor shortages disrupt the world’s supply chains, two of the biggest logistics companies in the U.S. are looking to remote-operated equipment as a solution.

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7 Strategies to Improve Your Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Supply Chain Renaissance Has Begun! Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management. An effective and efficient supply chain can help your business improve customer satisfaction and money by minimizing wait times for in-demand products.

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Taulia Acquired by SAP

Purchasing Insight

SAP has announced it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence in supply-chain financing and working capital management. The post Taulia Acquired by SAP appeared first on Purchasing Insight.

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Contract Procurement Process: Everything You Need to Know

ProcurePort

The contract procurement process refers to a series of steps and procedures undertaken by a business or an organization when purchasing products and services. Procurement is a crucial function as it helps organizations acquire the resources (products, goods, services, etc.) they need to operate fluidly. The contract procurement process starts when the manager identifies a […].

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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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Supply Chain Weekly Wrap-Up 01/21/2022-01/27/2022

All Things Supply Chain

U.S. Department of Commerce says stocks of semiconductors have ‘plunged’ Manufacturers in the United States have seen their stocks of the chips decline amid the global shortage.

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Data as the Driver of Effective Procurement Transformation

ivalua

The post Data as the Driver of Effective Procurement Transformation appeared first on Ivalua.

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There’s No End in Sight for Chip-Constrained Auto Sales Slump

Supply Chain Brain

Last year's historically low auto sales reflect a global microchip shortage that forced carmakers to limit output or ship some vehicles without fully functioning features.

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How Warehouse Management Software Impacts Logistics!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Integrating ERP with TMS and WMS in Logistics! Warehouse management software article and permission to publish here provided by Claire Glassman. Logistics chain companies are often tied down by the schedules and requirements of their warehouse clients or partners. They go to the warehouse at the appointed time.

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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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Procurement’s Transformation: A 11 step Toolkit for Success

Zycus Cognitive Procurement

The procurement function in most companies has changed from being a support team to becoming a strategic partner in the success of the company. Cost savings is no longer the top KPI for procurement departments. Global CPOs are more concerned with risk management, resilience, sustainability, availability and transformation objectives. The pandemic has underscored how important it is for procurement leaders to have visibility into Supplier Networks as well as Risk Management capabilities to preemp

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What is the Difference Between Accounts Payable and Accounts Receivable?

ProcurePort

Any business that has a large volume of transactions will eventually have accounts receivable and accounts payables. This happens due to a time lag between transactions and settlements. In order to manage the working capital of the business properly, there need to be clear policies to handle these accounts. Accounts receivable keeps track of money […].

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Getting your groceries delivered in minutes- How does it work?

All Things Supply Chain

Picture this: I’d been travelling since 5:30 am after visiting family overseas for Christmas.

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Procurement 2022: Big Trends & Predictions Webinar

ivalua

The post Procurement 2022: Big Trends & Predictions Webinar appeared first on Ivalua.

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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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Can a Self-Driving 40-Ton Truck Be Safe? Developers Say Yes

Supply Chain Brain

Shipping companies and software developers are experimenting with self-driving trucks as a way to solve a driver shortage worsened by the COVID-19 pandemic, drawing fire from safety advocates who call the technology a risk to motorists.

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What are you Missing about Bitcoin and Altcoins?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Different Types of Cryptocurrencies! Bitcoin and Altcoins article and permission to publish here provided by Jean Nichols. We have seen Bitcoin as a revolutionary option to many traditional and government-based banking systems. At the same time, we saw experts saying that thousands of Bitcoin competitors in the market seemed to have to come up for years and missed the point in terms of technology.

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Single vs. Multiple Sourcing: Choose Smarter

The Good Spending

Thoughtful sourcing management contributes to the competitive advantage. The competitive advantage isn't just the virtue of the firm's internal capabilities. Suppliers contribute to it with quality, timeliness, cost-efficiency, and innovation. Therefore, procurement is one of the custodians of the competitive advantage, as it selects appropriate suppliers and moderates relationships with them to obtain the most value.

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A Complete Guide to Direct Purchasing System

ProcurePort

Procurement teams rely on a multitude of frameworks to source and supply needed goods, services, and raw materials. A direct purchasing system (DPS) is a contemporary mode of procurement that has been adopted by numerous enterprises. Explained simply, a direct purchasing system is an automated system that vendors can access at any time. This ‘free […].

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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.