June, 2023

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Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know

ivalua

Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD). This new regulation builds upon its predecessor, the Non-Financial Reporting Directive (NFRD), and brings about significant changes that impact organizatio

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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

Ivalua Spend Management Insights [ivory-search] Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation June 14, 2023 | | Thought Leadership by Vishal Patel Implementing a procurement application requires careful planning and execution, but combining it with a successful strategy can also ensure stakeholder buy-in, improve communications, support change management, reduce cost, and increase speed to market.

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Procurement on the Thames: Ivalua’s London Summer Symposium

ivalua

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. At Ivalua, we recognized the need to stay ahead of these developments and organized our first annual Ivalua Summer Symposium in London on a wonderful sunny evening on the Thames to discuss

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The ‘Great Reset’ is underway

SCMR (Supply Chain Management Review)

While last year’s State of Logistics report highlighted the need to get back in sync, the 2023 version finds logistics operations building long-term resilience in an effort to best serve customers through a variety of distribution channels.

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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.

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Meet Digit – The Future of Warehouse Automation

Art of Procurement

Agility Robotics recently released the latest version of their humanoid warehouse robot: Digit. Digit is 5 foot 9, weighs 141. The post Meet Digit – The Future of Warehouse Automation appeared first on Art of Procurement.

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Supply Chain Weekly Wrap-Up 06/23/2023-06/29/2023

All Things Supply Chain

The US outlines strategy to bolster chips production The US Department of Commerce (DoC) has unveiled its strategic vision to enhance the semiconductor supply chain in the United States.

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12 Best Construction Equipment Suppliers 2023 – Reviews & Pricing

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 12 Best Construction Equipment Suppliers 2023 — Reviews & Pricing A good house and building come from reliable construction equipment and materials. If you are searching for the right tools and equipment for your construction plan, you are on the right page.

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Checklist for a good Procurement contract

ABC of Procurement

Correct, procurement does not create contracts. The legal department does it. But if something goes wrong, we will have to deal with the consequences. The post Checklist for a good Procurement contract first appeared on ABC of Procurement.

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Should procurement teams aim for full maturity in all categories? Big bang or steady state? 

Procurement Leaders

Every year, Procurement Leaders’ research team explores category planning for the next 12 months. In previous years, we have looked at competitive pressures, market dynamics and savings forecasts. This time, we are looking at maturity. There is a vigorous debate in the world of procurement about the speed at which we transform categories. Some pioneering CPOs launch ‘big bangs’ in which categories are rolled out across the business in one rapid blast.

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Germany Warns of Industry Shutdown if Russian Gas Stops Flowing

Supply Chain Brain

Vice Chancellor Robert Habeck said German policymakers should avoid "making the same mistake again" of assuming the economy will be unaffected by the Russian war in Ukraine.

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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.

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The Amazing Supply Chain of Amazon

All Things Supply Chain

Amazon has now rose to fame being one of the most recognizable brands in the world. In this article we’ll discuss the amazing supply chain of Amazon.

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Logistics providers bet on tech to improve warehouse efficiency

Supply Chain Dive

Companies such as Maersk, DHL and SEKO Logistics have trialed new technologies over the past year. Here are 10 stories that show how.

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Supply Chain Network Design — Everything About Supply Chain

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supply Chain Network Design — Everything About Supply Chain Supply chain network design helps businesses to mitigate disruptions by configuring the supply chain. However, what is it? In this article, we will define what supply chain network design is.

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Dove’s Real Beauty Campaign: Evolution of a Social Message

Art of Procurement

In 2004, Dove revolutionized skincare marketing by launching their ‘Real Beauty’ Campaign. Celebrated for the decision to represent women of. The post Dove’s Real Beauty Campaign: Evolution of a Social Message appeared first on Art of Procurement.

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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.

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CPO SPOTLIGHT: AMANDA DAVIES

Procurement Heads

Amanda Davies is Chief Procurement and Sustainability Officer at Mars Wrigley and a member of the Mars Wrigley Global Executive Team, based in Chicago, Illinois.   In her current role, she is responsible for connecting the dots between Mars Wrigley’s sustainability goals and the needs of their supply chain.  Amanda oversees the environmental impact of more than 15,000 suppliers that Mars works with, while also unlocking the possibility that their suppliers and partners can bring into the busines

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Finding Sushi at 7 am?

ABC of Procurement

Another challenging experience fulfilling a unique breakfast request for a client's flight. Discover how we overcame obstacles and delighted our customer The post Finding Sushi at 7 am? first appeared on ABC of Procurement.

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Supply Chain Weekly Wrap-Up 06/16/2023-06/22/2023

All Things Supply Chain

Elon Musk says Tesla to come to India Tesla CEO Elon Musk has expressed his intention to bring Tesla to India “as soon as humanly possible” following a meeting with…

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Port of Oakland shuts down after longshore worker passes

Supply Chain Dive

After the incident, several terminals alerted trucking companies they would be closed for the day.

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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?

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Suez Canal — Everything About Supply Chain

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Suez Canal — Everything About Supply Chain Suez Canal is an artificial waterway located in Egypt that connects the Mediterranean Sea to the Red Sea. However, how important is it in the supply chain? In this article, we will discuss what the Suez Canal is.

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Procurement Software – Delivering The Most Value Through Efficiency, Not Cost Reduction

ProcurePort

In the rapidly evolving business landscape, companies worldwide are embracing digital transformation to streamline operations, enhance productivity, and secure competitive advantages. A critical part of this digital journey involves redefining the procurement function, and procurement software is leading this revolution. Contrary to traditional belief, procurement is not only a cost-saving tool.

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Recruiting within Procurement in a post-boom period

Procurement Heads

Procurement Heads’ Head of Industrial Practice Dan Goodson explores the obstacles encountered in these sectors and the scarcity of qualified candidates following the recruitment boom. Brexit and the COVID-19 pandemic led to increased recruitment activity in procurement across various industrial sectors due to a number of factors but namely a lack of availability of raw materials and specialist products.

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Inflation & Procurement

Procurement Templates

What is inflation? ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. In other words, inflation means that, on average, you would need more money to buy the same amount of goods or services compared to the past. Inflation occurs when there is an imbalance between the supply and demand of money and goods.

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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

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Supply Chain Weekly Wrap-Up 06/02/2023-06/08/2023

All Things Supply Chain

GM to invests over $1B in EV battery production General Motors (GM) and POSCO are expanding the production of cathode active materials at their joint venture facility in Quebec to…

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Chocolate maker to streamline warehousing, transportation in cost savings push

Supply Chain Dive

Rocky Mountain Chocolate Factory's planned measures include exiting now-unnecessary storage facilities and outsourcing its last mile fulfillment needs.

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Indonesia Import and Export Statistics 2023

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Indonesia Import and Export Statistics 2023 Indonesia’s imports and exports open on a positive note in the first quarter of trade in 2023. Airlangga Hartarto, Indonesia’s Coordinating Minister for Economic Affairs announced that the country’s export value increased to 12.8% and its import value went up to 14.9%.

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10 Key Steps to Take Before Implementing Procurement Software

ProcurePort

As businesses strive to create leaner, more efficient operations, procurement software has emerged as a critical tool in this endeavor. This technology streamlines supply chain management, makes purchasing more transparent, and promotes more strategic decision-making. However, before jumping headfirst into implementing a digital procurement software, it is crucial to follow a sequence of key steps […] The post 10 Key Steps to Take Before Implementing Procurement Software appeared first on

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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.

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THE BIG INTERVIEW WITH VICKY HINCHLIFFE

Procurement Heads

For Procurement Heads’ latest Big Interview, Vicky spoke with Gemma Burman about her procurement career and procurement’s role within Cadent. How did you get into procurement? When I finished my qualification in business studies, I joined a laser company as an administration assistant and part of that role was buying stationery and coordinating travel arrangements.

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The Laws of Supply and Demand Meat at Tyson Foods

Art of Procurement

In his book, An Inquiry into the Nature and Causes of the Wealth of Nations, Scottish Enlightenment thinker Adam Smith. The post The Laws of Supply and Demand Meat at Tyson Foods appeared first on Art of Procurement.

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Harness The Power of Data To Optimize Your Supply Chains

All Things Supply Chain

The global logistics automation market has been growing at a Compound Annual Growth Rate (CAGR) of 12.4% since 2020, the highest growth rate of any supply chain market.

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UPS workers authorize strike in thick of Teamsters contract negotiations

Supply Chain Dive

Although expected, the vote allowing union leaders to call a strike ramps up pressure on the company to reach a new agreement.

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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