April, 2022

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The Amazing Supply Chain of McDonalds

All Things Supply Chain

*Disclaimer – This isn’t a commercial blog post.* Back in 1940, brothers Richard and Maurice McDonald, founded McDonalds in San Bernardino, California, USA.

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Why Supplier Relationship Management Should Be Your First Focus

ProcurePort

• Firms today are facing supply chains that are increasing in complexity. A manufacturing entity may work with hundreds of suppliers on different continents. • Customers are demanding competitive pricing, hence making margins even slimmer. There is, therefore, the need to create value through strong relationships with suppliers. • Supplier relationship management today involves leveraging […].

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Supply Chain Data Quality & Governance

ivalua

The current global supply chain crisis has revealed critical issues involving the global distribution of goods and services. One of the drivers for these issues is focused around the lack of access to reliable “data”. To be of use, supply chain data must be of good quality and trustworthy. The inability to integrate data from multiple sources and the limited ability to interpret/analyze data in real time are a common set of problems facing many organizations.

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The 10 Procurement groups I follow

ABC of Procurement

There are so many ways procurement professionals can connect nowadays. Here is a list of web pages I frequently visit when looking for knowledge. The post The 10 Procurement groups I follow first appeared on ABC of Procurement.

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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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Purchasing Meeting Topics Supply Chain

Procurement Templates

While there is no single common format for supplier business reviews, it is clear that there are some proven best practices. These meetings should be part of the contract management process, and while it may seem obvious what to do, it’s important to consider what you’re trying to achieve with these reviews. These are key topics that you should be discussing at your weekly or monthly purchasing team meetings.

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5 Reasons why eAuctions Drive Better Savings

SCMDOJO

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final

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What is Vendor Management in Procurement?

ProcurePort

• Vendor management refers to the set of activities an organization undertakes to optimize its working relationship with its suppliers. • Vendor management activities involve cost management, risk management, contract negotiations, and performance evaluation. • The scope of vendor management varies with the size of a business, the number of suppliers, and the industry in […].

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

ivalua

We’re BACK! 5 Reasons to attend 2022 Ivalua NOW DC: Stronger Together. After almost 3 years, we are thrilled and more than ready to welcome our guests back to Ivalua NOW in Washington D.C! We cannot wait to connect with procurement leaders, innovators, customers, and colleagues in our beautiful nation’s capital! . 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.

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Fixing the Supply Chain: How AI Can Help, and How it Can Hinder

Supply Chain Brain

Artificial intelligence can predict future demand, improve automation and increase transportation efficiency, giving supply chain managers deeper insight and control over every aspect of the chain. But it's not a magic fix.

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UK Market Overview

Procurement Templates

Source: [link] gdom-market-overview. For more information about the UK from a US pespective visit: trade.gov. As of January 1, 2021, the UK finished its transition period out of the European Union single market and customs union in the split known as Brexit. However, the impact of Brexit on the economy has been rivalled by the impact of COVID on the economy; in 2020, Brexit and COVID-19 combined produced a nearly 10 percent decline in the UK’s GDP, the largest drop among OECD countries.

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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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Moving Specifics in City Montreal

SCMDOJO

Packing things up and moving into your new home is very exciting, but at the same time, it can be stressful for you. However, if you follow all the right tips, you can make the process quite simple and easy for yourself. So, here we will be discussing some of the tips to help your first-time moving experience when you get demenagement Montreal services.

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Supply Chain Weekly Wrap-Up 04/22/2022-04/28/2022

All Things Supply Chain

Indonesia announces palm oil export ban The world’s top palm oil producer, Indonesia, has revealed plans to ban exports of the most commonly used vegetable oil in a shock move…

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Is Purchasing and Procurement the Same?

ProcurePort

• Most people often use the terms procurement and purchasing interchangeably. • While the two terms are about acquiring goods and services, procurement professionals can point out important distinctions. • Procurement has different intentions from purchasing. To understand this, it’s important to go through the steps involved in both processes. Procurement Procurement is a detailed […].

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5 Top Tips: How to Increase Procurement Agility in Financial Services:

ivalua

5 Top Tips: How to Increase Procurement Agility in Financial Services. Financial Service Institutions (FSIs) face an increasingly volatile business climate as lending profits dwindle and digital competition rises. As well-established institutions feel the ever-increasing weight of regulation on their operations, newer banks entering the marketplace are not experiencing the same constraints.

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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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Three Keys for Achieving Supply Chain Resilience

Supply Chain Brain

Supply chain professionals have never had more tools at their disposal, nor a more prominent stage to engage with their corporate leadership teams on risk mitigation and business continuity planning.

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Indirect & Consequential Loss

Procurement Templates

I recently had to negotiate some terms and the clause for indirect and consequential loss popped up. As a buyer I want to ensure that all loses are remedied but from a suppliers perspective they want to limit any loss that is indirect & consequential and often want to remove this. Sometimes the clause is joint sometimes parties disagree. I had to go away and think about how I wanted to play this one.

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NFTs & Supply Chain: What Are The Applications?

SCMDOJO

Non-fungible tokens, or NFTs, have proven their potential in every industry known. Non-fungible means non-interchangeable tickets stored on a blockchain (electronic digital ledger). The topic, Application of NFTs in Supply Chain Management, is buzzing in the supply chain & logistics space. Not only will the NFTs move the supply chain from unnecessary paper trails to an electronic platform, but they will also reduce all the bottlenecks experienced in the pipeline.

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Supply Chain Weekly Wrap-Up 03/25/2022-03/31/2022

All Things Supply Chain

Fears of a neon shortage due to Russian invasion Two key suppliers of neon have shut down operations in Ukraine due to the Russian invasion, sparking concerns for chip shortages.

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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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Difference Between Procurement and Vendor Management

ProcurePort

• The procurement function is among the most critical processes in most organizations. • The procurement function entails identifying goods and services required by the organization, inquiring about their availability, and assessing suppliers based on quality, cost, and delivery conditions. • Below, we take a refined look at the difference between procurement and vendor management. […].

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Ivalua Further Grows its Procurement Solution Business in Canada

ivalua

Canadian-based TELUS implements Ivalua’s EPS solution to digitize the entire end-user buying process. Redwood City, CA, April 11th, 2022 – Today, Ivalua – a leading provider of global Spend Management Cloud solutions , and Optis Consulting – a trusted implementation partner, announced that world-leading Canadian communications technology company, TELUS, has successfully implemented their electronic procurement solution (EPS) to digitize TELUS’ entire end-user buying process. .

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The Supply Chain Ripple Effect of Digital Labels

Supply Chain Brain

Taking a holistic view, executives are looking to implement technology and processes that enable resilience not only to address the current supply chain landscape, but to future-proof for the next set of challenges.

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5 Steps Towards Digital Supply Chain Transformation!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is a Digital Transformation? Here we present five important steps for all individuals that are interested in digital supply chain transformation to help you attain success despite the numerous challenges that you are likely to experience. In a digital supply chain, the different foundations are created using web-based elements.

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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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7 Reasons to Hire a Supply Chain Consulting Firm

SCMDOJO

The first question you may probably be thinking is, why do I really need to hire a Supply Chain Consulting Firm? As a business leader or senior manager in a firm that does not typically use supply chain consulting solutions, you may wonder what additional value or experience can be offered. It can be a minefield and sometimes not overly obvious how to justify whether you need to hire such a firm, this blog will address this with providing 7 reasons to hire a supply chain consulting firm.

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Supply Chain Weekly Wrap-Up 04/08/2022-04/14/2022

All Things Supply Chain

China’s vehicle sales drop as COVID-19 restrictions are put in place Car sales in China fell by over 10% last month as automakers continue to struggle with factory closures due…

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A New Reality for Oil and Gas Procurement and Supply Chains

ProcurePort

• The oil and gas procurement has endured some turbulent times over the last 24 months. In 2020, the world witnessed record low prices as the demand for oil and gas reduced dramatically due to lockdowns. • Fast forward to 2022 and the world is dealing with a geopolitical crisis in Eastern Europe where Russia […]. The post A New Reality for Oil and Gas Procurement and Supply Chains appeared first on ProcurePort Blog.

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2022 Ivalua NOW Paris Recap!

ivalua

Ivalua NOW Paris Day 1 + 2 Recap . Shaking hands, sharing ideas, having a laugh, and a glass of champagne (or two)…we are renewed, recharged, and re-energized from Ivalua NOW Paris! Ivaluans, customers, sponsors, and prospects gathered at the exquisite Musée du quai Branly – Jacques Chirac to meet, exchange ideas, and collaborate in-person! Below, we’ve summarized Day 1 and Day 2, but stay tuned for video recaps and more photos from Paris!

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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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'Micro' Robotic Solutions Are Headed for Mom-and-Pop Warehouses

Supply Chain Brain

Technologies are coming online that can allow companies with a smaller footprint, or with workflows in tighter spaces, to reap the benefits of robotics and automation without having to write a giant check.

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Breaking Down Barriers to Sustainability: Supply Chain and Procurement Live Keynote

Supply Chain Queen

“Sustainability is not someone else's problem,” begins Hinish. “More than 50% of CEOs believe that business leaders must take responsibility for the business impact on communities in which they operate.” However, there still remains a gap when it comes to strategy leading to action. According to Hinish, 86% of CEOs have a sustainability strategy, but only.

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How To Create A Logistics Resume – Tips & Example

SCMDOJO

A well-written logistics resume that satisfies the needs of potential employers increases your chances of being recruited and securing the job of your dreams. Warehousing and transferring items to and from clients is part of your job description as a Logistician. You can improve your resume with logistics if you want to be noticed by recruiters. This resource includes a logistic resume writing guide to help you get the job you desire!

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Supply Chain Weekly Wrap-Up 04/01/2022-04/07/2022

All Things Supply Chain

Sunflower oil supply disruptions causing havoc for supply chains The recent invasion of Ukraine has led to disruptions of almost half of the world’s sunflower oil exports, meaning companies 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.