March, 2019

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The Science and the Art of Procurement

ivalua

As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Much of our focus in the last twenty years or so within the procurement profession and within our specific procurement functions has been on what we might call the “Science of Procurement”.

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Six Steps to a More Ethical and Sustainable Supply Chain

Supply Chain Brain

Consumers are more conscientious about their purchases than ever before. They expect organizations to meet a certain set of ethical standards, and supply chains aren’t exempt from scrutiny.

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professionals

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Ready or Not, Blockchain Is Coming to Supply Chains

Supply Chain Collaborator

Everyone’s talking about the potential and promise of blockchain and other bleeding edge tech tools for “supply chain digitization”. Yet, many logistics and transportation pros are asking why, in practical terms, they should explore and embrace blockchain technologies ahead of more pressing and less esoteric logistics IT initiatives. Supply chain digitization is a killer use case for blockchain and it is coming to supply chain management.

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The Future of Food: 6 Ways IoT is Impacting Food Supply Chains

The Network Effect

The Internet of Things (IoT) is changing the way the world thinks about food. Consumers now have the option of. The post The Future of Food: 6 Ways IoT is Impacting Food Supply Chains appeared first on The Network Effect.

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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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Can Blockchain Unblock Supply Chain?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What Exactly is Blockchain? And How Does it Work? (Infographic). Article written by, and permission to publish here provided by, “SK” Sanjeev Kumar Roy at [link]. When people hear about Blockchain technology they think of “Bitcoin” and because of this association – The underlying Blockchain technology has been always been viewed suspiciously due its rather radical approach to data sharing on an open platform

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They Bought WHAT? Fascinating Finds from Our eProcurement Catalog

Jaggaer

It’s National Procurement Month. That’s a real thing. It has a hashtag: #CelebrateProcurement. We celebrate procurement every day at JAGGAER, but we still felt like the month deserved a little fun recognition. So with that, we bring you the oddest, most outlandish, strangest and weirdest-sounding items customers source through our eProcurement catalog.

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How Predictive Analytics and the Gig Economy Can Bridge the Supply Chain Skills Gap

Supply Chain Brain

The automotive manufacturing supply chain has become almost too massive to manage, leaving manufacturers and suppliers with the challenge of finding qualified workers with the skills to identify and prevent quality risks.

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4 Ways To Improve Procurement For Increased Customer Satisfaction

Slimstock

Andrew Thomas, founder of Skybell Video Doorbell, reports that it takes roughly 40 positive customer experiences to undo the damage of a single negative review. With stats like that, it’s easy to see why customer satisfaction influences customer loyalty, retention, and even your ability to attract new customers. If one element of a business’ product or service dissatisfies a customer, the rest of the business can suffer, majorly impacting your bottom line.

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March 2019 Automation Hero: Kevin Skau of Design Ready Controls

EazyStock

About Kevin: Kevin Skau is the Chief Operating Officer of Design Ready Controls , a control panel manufacturer headquartered in Minneapolis, Minnesota – designing and manufacturing control panels for high-volume OEMs in a variety of industries. Congratulations on the award, Kevin! As Automation Hero, what processes or tasks have you automated at Design Ready Controls?

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What’s the Difference Between Commodity Management and Category Management?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Procurement (and Purchasing) Job Interview Questions & Answers. For a considerable portion of my career I have worked in the Manufacturing and Logistics/Distribution Industries. In these industries a segment of the Procurement organization is called Commodity Management. However when I entered the Retail industry the group largely responsible for Procurement, amongst other things, was called Category 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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4 Forces to Drive Your Supply Chain Transformation

The Network Effect

It’s a very interesting time in supply chain. There are a number of exciting technologies coming together to create new. The post 4 Forces to Drive Your Supply Chain Transformation appeared first on The Network Effect.

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Ivalua Selected by State of Maryland to Power ‘eMaryland Marketplace Advantage’ e-procurement system

ivalua

Ivalua builds momentum as technology platform of choice for public sector procurement. Redwood City, CA March 14, 2019 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that the State of Maryland has selected its Source-to-Pay platform to power a new statewide e-procurement system, eMaryland Marketplace Advantage.

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The Truth About Supply Chain Costs From a Logistics Perspective

Supply Chain Brain

Let's assume you have a successful product, a well-developed brand and a seamless manufacturing process. Now, you’re ready to take your product to the international stage.

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What’s Your Level of Transparency in Discussions with Sourcing Peers?

Ms. Category Management

A blog from Ms. Category Management on the level of Transparency in Discussion with Sourcing Peers.

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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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A Digital Value Network Needs an Accelerated “3-D” Cycle (powered by Incorta)

Supply Chain Action Blog

Photo licensed through iStockphoto. The strength of any chain is defined by its weakest link. A supply chain, or as I prefer to say, a value network, is similarly constrained. By orchestrating the flow of material, information and cash through your value network, you can prevent negative business impact from weak links by detecting anomalies, diagnosing their causes, and directing the next best action before there is a serious business impact.

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5 Insights for Managing Your Fleet Strategy!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Truck Drivers – Unsung Heroes of the Supply Chain! (Infographic). Article, and permission to publish here, provided by Morgan Dixon at Expak Logistics. Overseeing a fleet of vehicles can be a tough job. Anyone who’s been involved in fleet logistics has probably spent countless hours going over schedules, vehicle maintenance records, driver training requirements, and a host of problems and delays that have the tendency o

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Multi-Enterprise Network Platforms vs Pseudo Networks

The Network Effect

The promise and the perils of choosing a multi-enterprise supply chain network We’re almost two decades into the 21st Millennium, The post Multi-Enterprise Network Platforms vs Pseudo Networks appeared first on The Network Effect.

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Cognitive Data Capture – Setting a New Baseline to Digitize Invoices

ivalua

By Christopher Bourez. Many providers in the market talk about leveraging machine learning to capture and digitize information such as that from an invoice. The truth is that the improvement in accuracy that machine learning can offer really varies widely – they are not all made equal. For example, some may call a rule-based engine machine learning.

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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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Operations in Flight: How Drones Are Revolutionizing Transportation and Logistics

Supply Chain Brain

Drone technology is enhancing operations, worker productivity, business profitability and more.

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Strategic Sourcing in the Stone Ages

Ms. Category Management

Check out my new blogs from 2019; Strategic Sourcing in the Stone Ages by Ms Category Management.

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When Worker Voice is Only a Whisper

SupplyShift

To engage with the most vulnerable in your supply chain, start by evolving your company’s culture. There are a number of organizations doing great work to uncover slavery and engage workers within their supply chain. As an industry we have become quite adept at knowing the signs of slavery and setting targets to improve practices within the supply chain.

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What is Demand Sensing?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Solving the Out of Stock Problem! (Infographic). Article originally published by, and permission to publish here provided by, Dave Joseph at [link]. Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability.

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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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Tips for Attracting and Retaining Top Talent

The Network Effect

Recruiters spend countless hours and thousands of dollars in resources bringing in job candidates, but what happens once you’ve hired. The post Tips for Attracting and Retaining Top Talent appeared first on The Network Effect.

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How the Procurement Department will evolve in 2019 and beyond

ivalua

Every year, The Hackett Group conducts an in-depth key issues study. The latest study focuses on Procurement’s transformation journey including the goals and obstacles limiting progress. Further, to bridge the digital transformation gap, the report digs into technologies that an increasing number of Procurement organizations are planning to adopt over the next 1-2 years.

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Online Grocery Shoppers Will Pay for Fast Service — But Not Enough

Supply Chain Brain

The conventional notion about online shoppers is that they want it now, and they want it for free. But a new study refutes that assumption, at least partially.

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8 Ways to Make Your Fulfillment Center Run More Efficiently

EazyStock

This is a guest post contributed by Halle Summers. Halle is a Marketing Coordinator for FASTENation Inc. When she isn’t writing blog articles, she enjoys spending time in downtown Charleston, South Carolina and all the amazing food her hometown has to offer. Almost all fulfillment centers want to improve pick and pack efficiency. Supply Chain 24|7 reports that up to 50 percent of labor resources at a fulfillment warehouse are often dedicated to the picking-to-shipping process.

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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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When Worker Voice is Only a Whisper

SupplyShift

To engage with the most vulnerable in your supply chain, start by evolving your company’s culture. There are a number of organizations doing great work to uncover slavery and engage workers within their supply chain. As an industry we have become quite adept at knowing the signs of slavery and setting targets to improve practices within the supply chain.

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Trust! The “X” Factor!

Supply Chain Game Changer

Subscribe Here! Email Address. 6 Reasons Supply Chain Employees Look For New Jobs! What’s the difference between a productive, healthy, high performing organization and a toxic, destructive, and volatile organization? Trust! Or rather, the lack thereof! I have, as have others, joined companies and have taken new jobs based on trust. I have, as have others, left companies and have left jobs based on distrust.

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10 Best Practices for Working with Freight Brokers

The Network Effect

How to get the most value out of your freight broker and foster a productive relationship An important factor in. The post 10 Best Practices for Working with Freight Brokers appeared first on The Network Effect.

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The final countdown to Brexit has begun

ivalua

In less than a month, the UK is scheduled to leave the European Union, meaning the end of the freedom of movement and goods, and many of the regulations UK and European businesses have come to benefit from over the decades. Despite this major overhaul to the business environment, organisations are still no closer to understanding what kind of Brexit the UK will end up with.

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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.