June, 2019

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Believe It Or Not, Procurement Impacts Every Single Person

ivalua

Vishal Patel, VP Product Marketing, Ivalua. You’re probably wondering what i’m going on about here. It’s pretty simple, actually. If you live in a city, state or country, which everybody does, your life and the lives of your family and friends is impacted directly by Procurement. No, I’m not referring to the Procurement department of your company (although, if Ivalua has anything to do about it, there are lots of interesting things happening there too).

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Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? (Video). When I started my career the term “Supply Chain” had just been coined. As such it was many years before I actually heard of the term “Supply Chain Management” Regardless I pursued my interests and took on an increasingly diverse set of progressive jobs as time went on.

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The New Lexicon for Digital Supply Chain Management

Supply Chain Collaborator

The leaders in supply chain management are all focused with intensity on achieving the promise of Supply Chain Digitization. Understand the terms and ideas being put forward by the early adopters of the amazing new digital supply chain technologies being harnessed by today’s leading practitioners. . There have been unprecedented advancements in technology over the last 20 years, occurring at a dizzying pace.

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Should Procurement Fear or Welcome AI and Machine Learning Technology?

Supply Chain Brain

Your lengthy career in procurement has consisted largely of being beaten up by top management over the need to constantly cut supplier costs. Along comes digital technology to make your job easier — or take it away.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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June 2019 Automation Hero: Erwin van der Wouden of Araco

EazyStock

Erwin van der Wouden, supply chain manager at Araco, has automated the purchasing of more than 2000 SKUs. Name: Erwin van der Wouden. Title: Supply Chain Manager. Company: Araco International. Congratulations on the award, Erwin! Could you please tell me a little about your role and what processes or tasks have you automated at Araco? Thank you! I am the Supply Chain Manager at Araco International , a fast-growing wholesaler of promotional business gifts, based out of Enschede, the Netherlands.

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How Close Are We to Digital Transformation in Procurement?

Jaggaer

Key Findings from the JAGGAER 2019 Digital Procurement Survey. Despite all the talk of digital transformation in procurement, the JAGGAER 2019 Digital Procurement Report reveals little change since 2017. The report identifies the lack of budget and requisite IT skills, and lack of progress with data integration as well as lack of digital knowledge among procurement professionals themselves, as some of the most important obstacles to more rapid progress.

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What’s the Difference Between a Warehouse and a Distribution Center?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What’s the Difference Between Logistics and Distribution? I began my career with responsibility for, amongst other things, Warehouse space planning. With almost a dozen local and remote buildings used to store raw materials and finished goods I spent more than my share of time walking through Warehouses and up and down aisles of racking and shelving.

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Negotiation Tactics Essentials

Procurement Zen

Throughout the years I have learned a lot of negotiation tactics. In this blog posts I will show you the tactics that are successful. I will also reveal details and how you can counteract them if the other party applies them on you. So negotiations. Everyone does them. It doesn’t matter if you want it or not but we do it all the time. If you are in the procurement space (like I am) you do it more often.

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Three Advancements in Smart Logistics Worth Watching

Supply Chain Brain

Many companies are failing to realize the true value of technology for monitoring and improving their logistics operations.

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How to write an RFP that suppliers want to respond to

Ms. Category Management

Writing an RFP in the digital age is no easy task. Especially when you have lots of information to share. Find out how to write an RFP suppliers will WANT to respond to!

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

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Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux

ivalua

Managing Director, Art of Procurement. Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data. If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category.

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How Social Media Benefits Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain as a Service (SCaaS)! Article written for, and permission to publish here provided by, Katie Russell at fronetics.com. If your supply chain company isn’t active on social media, know that your competitors are. Here are four ways social media can help the supply chain in improving processes and expanding your audiences.

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Deploy a Strategic Category Management Solution to Maximize ROI

Jaggaer

Defining Category Management. Category management has a decades-long history that has lead us to our modern understanding of procurement categories. Created in the 1980s, category management was originally the process of grouping products into categories based on how consumers used them. Originally created by marketing teams, category management helped retailers increase sales by minimizing unproductive competition between their own products.

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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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Companies Are Wildly Overestimating Their ‘Digital Maturity’ in Supplier Management

Supply Chain Brain

When it comes to assessing progress toward digital transformation of the procurement function, a lot of companies appear far less advanced than they think they are.

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Negotiation Donkeys – Quit Your Crying!

Ms. Category Management

It's 2019 and the Negotiation Donkeys are on my last nerve! Read more to hear what the top 5 common excuses are and what I think we should do moving forward.

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June 2019 Automation Hero: Erwin van der Wouden of Araco

EazyStock

Erwin van der Wouden, supply chain manager at Araco, has automated the purchasing of more than 2000 SKUs. Name: Erwin van der Wouden. Title: Supply Chain Manager. Company: Araco International. Congratulations on the award, Erwin! Could you please tell me a little about your role and what processes or tasks have you automated at Araco? Thank you! I am the Supply Chain Manager at Araco International , a fast-growing wholesaler of promotional business gifts, based out of Enschede, the Netherlands.

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Hear from Covea CPO what impact Ivalua Procurement is having

ivalua

The post Hear from Covea CPO what impact Ivalua Procurement is having appeared first on Ivalua.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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5 Impacts of Autonomous Trucking on Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Truck Drivers – Unsung Heroes of the Supply Chain! (Infographic). Article originally published by, and permission to publish here provided by, Adam Robinson at www.cerasis.com. The flying car of the future might still be out of reach, but autonomous trucking is moving quickly into view for many businesses.

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Blockchain for Responsible Sourcing – Where Does It Fit?

SupplyShift

Blockchain is a revolutionary technology — without a doubt. The next-level security, transparency, and efficiency of blockchain technology will redefine many industries and business processes, especially those dealing with transactional data. It’s no surprise, then, that blockchain has created a buzz in the supply chain management industry. Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from

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Future Factories Will Impact the World Far Beyond the Factory Floor

Supply Chain Brain

Managers and workers are embracing digital technologies as the fourth industrial revolution reshapes the global economy.

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How to Use Big Data Analytics to Drive Business Value in Procurement Forward (Part 1)

Jaggaer

JAGGAER InsideSpend Thought leadership Series – In this blog series, we profile leaders in the procurement industry. We hope their insights and experiences inspire you to achieve greatness in procurement. A conversation with Walter Charles, Chief Procurement Officer at Biogen. . As we gear up for REV2019 , we’re revisiting this interview with Walter Charles, CPO of Biogen, who sat down with us at last year’s REV event to discuss the procurement challenges and trends facing manufacturin

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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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How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition.

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Executing a successful procurement transformation

ivalua

The post Executing a successful procurement transformation appeared first on Ivalua.

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Maritime Industry in Search of Blockchain Orchestrator!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is Blockchain? And How Does it Work? (Infographic). Article originally published by, and permission to publish here provided by, Jenis Sheth. A current topic of focus in the maritime technology space is Blockchain and how it is going to transform commercial operations. The Blockchain platform is a distributed ledger which records transactions between parties in a verifiable and, most importantly, permanent way by using a

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Blockchain for Responsible Sourcing – Where Does It Fit?

SupplyShift

Blockchain is a revolutionary technology — without a doubt. The next-level security, transparency, and efficiency of blockchain technology will redefine many industries and business processes, especially those dealing with transactional data. It’s no surprise, then, that blockchain has created a buzz in the supply chain management industry. Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from

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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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How Automation Can Help Today's Warehouse Workers

Supply Chain Brain

The technology goes well beyond robots taking over tasks that were once done by humans.

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It’s an Inside Job: The Dirty Little Secret of Sourcing Fraud

Ms. Category Management

Sourcing Fraud. It's the dirty little secret and epidemic sweeping small businesses. So why haven't we heard more about it? Read more to find out.

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Impact Acceleration Award for Claritum

Claritum

Claritum Article - Procurement Blog. Bath, UK (June 25, 2019) – Claritum, together with Setsquared and the University of Southampton Business School, has secured an Impact Acceleration Award* focused on using AI Data Analytics to identify issues, gain better spend visibility and make faster business decisions. Claritum will benefit from the research insight of the Business School applied to advance our analytics offering focused on business efficiency.

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Vinci Energies Chooses Ivalua Procurement

ivalua

The post Vinci Energies Chooses Ivalua Procurement appeared first on Ivalua.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.