April, 2023

article thumbnail

The Beautiful Complexity of Procurement Planning

The Good Spending

Where's the procurement planning when you need one? Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. In some companies (and I'm quoting my own experience), procurement planning barely exists. Our colleagues tend to accept the business demand for granted and not try to understand or, God forbid, challenge it.

article thumbnail

Top supplier risks and disruptions that Procurement must manage in 2023

Spend Matters

Categories: Procurement Strategy & Planning , Supply Chain , Supply Risk Tags: Sponsored Posts Since the early days of Covid and the immediate blow to global supply chains, the frequency and impact of supply chain disruptions has only increased. During the pandemic, procurement organizations were often the unsung heroes that scrambled to respond to unexpected supply shortages, faltering suppliers and bottlenecked supply chains.

Risk 76
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kotter’s Theory — Embracing Sustainability in Procurement

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Kotter’s Theory — Embracing Sustainability in Procurement Kotter’s theory of change helps companies to introduce change in the business. However, what is it? This article will discuss what Kotter’s theory is and the benefits you can gain by using it to change your business operation, especially your procurement process.

article thumbnail

Data in Procurement and the Supply Chain

Positive Purchasing

Kris Lance is a senior director with the group purchasing company Una. He’s an experienced leader with a proven history of success across multiple industries, especially in healthcare and IT procurement. Kris describes himself as a “seeker of truth”, and here he takes a look at the tech landscape in procurement – and in particular, data. We asked: “As the availability of more sophisticated technology is matched by the opportunity to acquire increased levels of data, the temptation to run h

Data 105
article thumbnail

GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

article thumbnail

Supplier Audits: An Unavoidable And Crucial Path To Customer Satisfaction

Procurement Freelancers

In the increasingly globalised marketplace of today, selecting a business partner can be difficult. This… The post Supplier Audits: An Unavoidable And Crucial Path To Customer Satisfaction first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

Sustainability Issues in Procurement — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainability Issues in Procurement — Embracing Sustainability Sustainability issues are what many businesses should prioritize if they want to continue striving for sustainability in their business operations, especially their procurement activities.

More Trending

article thumbnail

Podcast | Grow in Any Economy: The New Role of Procurement

Supply Chain Brain

What does it mean to turn the procurement function into a “growth engine” for the business?

article thumbnail

Robot Orders Trending Up

Procurement Bulletin

Fedex Streamlines Operations Fedex to combine their Ground and Express divisions in an effort to streamline operations for more efficiency. Robot Orders Trending Up The automotive industry is leading the way with using and ordering more robots, accounting for more than 50% of robot sales in 2022. Oil Prices Increase OPEC decided to cut oil production recently resulting in a surge of 5% in oil prices.

Price 98
article thumbnail

Researchers Find Diverse Supply Chains Benefit Cities

Supply Chain Brain

A recent study by researchers at Penn State found that complex and diversified supply chains can have a strong positive effect on medium-sized cities.

article thumbnail

What the future of ChatGPT has for the Supply Chain

All Things Supply Chain

The overwhelming popularity of OpenAI’s ChatGPT has been a hot topic since the turn of the new year.

article thumbnail

5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

article thumbnail

Sustainable Supply Chain Analysis — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Supply Chain Analysis — Embracing Sustainability Sustainable supply chain analysis involves evaluating how sustainable your suppliers and your processes that both pertain to how transparent your supply chain is.

article thumbnail

The Big Interview with Simon King

Procurement Heads

Could you tell us a bit about your background? I am currently a partner at Edenseven, a consultancy based on delivering business performance through sustainability, but my background is as a Procurement Director and Global CPO. I first moved into procurement at Coca-Cola and ended up leading the strategic procurement team there, I was then Group Procurement Director for Dairy Crest before moving to become Global CPO for Tata Global Beverages.

article thumbnail

CPKC inks intermodal deal with Schneider

Supply Chain Dive

The trucking company will provide service along the railroad's north-south corridor, which connects the U.S. and Mexico.

145
145
article thumbnail

[Pod] The Power and Danger of Asking Good Questions

Art of Procurement

In the 5th century BC, Socrates was teaching the Athenian people to think for themselves. He taught by asking questions: The post [Pod] The Power and Danger of Asking Good Questions appeared first on Art of Procurement.

article thumbnail

From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

article thumbnail

Artificial Intelligence Will be Big in Supply Chain Management, Report Predicts

Supply Chain Brain

AI-enabled supply chains are 67% more effective than their non-AI counterparts, thanks to reduced risks and lower overall costs, market analysis shows.

article thumbnail

Supply Chain Weekly Wrap-Up 04/07/2023-04/13/2023

All Things Supply Chain

US looks to establish rules for AI After the recent rise in popularity over OpenAI’s ChatGPT, countries are now looking to regulate this industry to prevent data breaches and subdue…

article thumbnail

Sustainable Community — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Community — Embracing Sustainability A sustainable community is one of the aims of integrating sustainability in every business. However, how can you help a community be stable with sustainable procurement? This article will discuss what sustainable procurement and community are.

article thumbnail

Episode 111: Taking Intelligent Risks with Mark Trowbridge

Una

EPISODE 111 Taking Intelligent Risks with Mark Trowbridge By Kelly Barner | April 19, 2023 We’ve all been mired in years of paralyzing risk and disruption… but could risk taking be just what this moment calls for? Yes – as long as the risks are “intelligent risks.” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge.

Risk 133
article thumbnail

The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

article thumbnail

Amazon shifts to regional fulfillment model

Supply Chain Dive

The company has addressed growing complexity in its network by positioning goods closer to end customers, lowering costs and reducing delivery times.

article thumbnail

[Pod] Case Dismissed: Spencer Patton Prevails Over FedEx

Art of Procurement

In August of 2022, the relationship between FedEx Ground and their network of delivery contractors looked like it was about. The post [Pod] Case Dismissed: Spencer Patton Prevails Over FedEx appeared first on Art of Procurement.

article thumbnail

Payment Cards FAQ: More Cash Rewards, Less Effort

ivalua

Ivalua Spend Management Insights [ivory-search] Payment Cards FAQ: More Cash Rewards, Less Effort April 28, 2023 | | Innovation by Steve Carter Unlock your Payment Solution Organizations are rethinking their traditional payment methods as they seek to maximize savings while securely streamlining the invoicing process. Ivalua is at the forefront of this transition, providing a comprehensive card-based solution that operates with leading banking partners.

article thumbnail

Supply Chain Weekly Wrap-Up 04/21/2023-04/27/2023

All Things Supply Chain

Germany quell reports on banning chip chemicals to China A report from Bloomberg on Thursday suggested that the German government was considering restrictions on the chemicals in order to reduce…

article thumbnail

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

article thumbnail

Sustainable Government Procurement — Shifting to Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it? In this article, we will discuss what sustainable procurement means.

article thumbnail

New data shows an uptick in recruitment following the Budget: but will it last? 

Procurement Heads

That’s according to the latest statistics from the Association of Professional Staffing Companies (APSCo) – the trade body for the professional recruitment sector. The data – provided by Bullhorn – revealed that permanent jobs grew 10% month-on-month in March while demand for highly skilled contractors rose 4%. Placements also increased, up 21% for permanent jobs and 11% for contract positions between February and March.

Budget 130
article thumbnail

Los Angeles, Long Beach port terminals shut down due to labor issues

Supply Chain Dive

Several logistics providers are warning customers of missed truck appointments and other disruptions ahead of Easter weekend.

Logistics 145
article thumbnail

How not to enter the EU: Short procurement story

ABC of Procurement

Sometimes things go wrong where you did not expect. The post How not to enter the EU: Short procurement story first appeared on ABC of Procurement.

article thumbnail

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.

article thumbnail

CTA

ivalua

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Those are three hot topics in the enterprise today. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key

article thumbnail

5 Ways to Improve Safety in The Construction Supply Chain

All Things Supply Chain

Transportation and shipping jobs rank second on the list of positions with the most significant number of workplace injuries.

article thumbnail

Treaties and Standards for Sustainability — Everything About Sustainability 

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Treaties and Standards for Sustainability — Everything About Sustainability Treaties and standards for sustainability keep the companies in check if they are sustainable in their business operations , especially in procurement.

article thumbnail

New data shows an uptick in recruitment following the Budget: but will it last? 

Procurement Heads

That’s according to the latest statistics from the Association of Professional Staffing Companies (APSCo) – the trade body for the professional recruitment sector. The data – provided by Bullhorn – revealed that permanent jobs grew 10% month-on-month in March while demand for highly skilled contractors rose 4%. Placements also increased, up 21% for permanent jobs and 11% for contract positions between February and March.

Budget 130
article thumbnail

GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic