November, 2021

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How Can Hospitals Benefit from Using e-Sourcing Software?

ProcurePort

The procurement process for hospitals is quite complex compared to other industries with shorter and less regulated supply chains. Hospitals need to pay attention to regulations, prices, logistics, and other variables in their procurement processes. The number of items and services that need sourcing are many too. Relying on spreadsheets is ineffective because there is […].

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Creating Tail Spend ROI Through an Improved Buyer Experience

ivalua

Lifted from their latest webinar, Jean-Baptiste Anne from Amazon Business and Vishal Patel from Ivalua offer insights into tail spend management programs and the ROI these programs can generate for procurement teams. . To summarize, tail spend is commonly labeled as the money a company spends on purchases that accounts for roughly 80% of total transactions, making up about 20% of the company’s spend by volume.

Buyers 130
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Trending Sources

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Sheri R. Hinish Named Top Global Influencer in Supply Chain by B2G Consulting

Supply Chain Queen

What an incredible honor to wake to on Thanksgiving morning. I’m incredibly humbled to accept the Global 2021 Supply Chain Social Media Influencer of the year award. Thanking everyone from the bottom of my heart for allowing me to share the stories and provocative PoVs that challenge paradigms for progress.For every underrepresented or misrepresented person.

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Challenges for the Digital Transformation of Supply Chains

SCMDOJO

Artificial intelligence, machine learning, big data, blockchain – the list of emerging digital technologies is long. There is much discussion on their application and use and they are omnipresent in today´s society. Furthermore, they also have large impacts on companies and especially their supply chains. Companies realize that they do not only need to look.

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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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Watch: Why Should the Supply Chain Care About Cybersecurity?

Supply Chain Brain

By its very nature, the supply chain is especially vulnerable to cyber attack, says Zac Rogers, assistant professor of supply chain management at Colorado State University.

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Tips to Master Forex and Binary Options Trading!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Select a Forex Broker! Forex and Binary options trading article and permission to publish here provided by Nikki Gabriel. You must know that opting to be a binary option or a Forex trader can probably be the most profit-making business alternative. We are sure you are curious to know how to get in this boat.

Strategy 101

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Webinar Recap: Connecting the Dots Between ESG Objectives and Source-to-Pay Processes

ivalua

ESG initiatives significance in your Supplier Management Strategy. Why ESG is a becoming critical for organizational success. How to incorporate ESG data into sourcing, procurement, and supplier management decisions. Ways to identify and gather ESG data in order to improve decision making. Business has and continues to face a number of challenges and have undergone a number of changes in the last 12 – 18 months.

Sourcing 130
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Live from COP26 -The Pulse of Progress or More GreenWashing with James George of Pyxera Global (Day 1 of 3)

Supply Chain Queen

Where are all the grown ups? In early October, the IPCC issued a CODE RED for humanity. The 2021 United Nations Climate Change Conference COP26 brings together the world's parties (leaders, industry giant, communities, voices unheard, and technologists) to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate.

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RGD Unicorn – Digital Transformation of Supply Chain Planning

Solvoyo

Gorillas use of Solvoyo's platform simplifies and even automates many of the planning and execution steps required to successfully meet customer demand. The post RGD Unicorn – Digital Transformation of Supply Chain Planning appeared first on Solvoyo.

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Optimize Existing Labor to Meet Customer Demand

Supply Chain Brain

Many organizations have begun to invest in applications to make warehouse operations more efficient and deliver better customer service. But each of these technologies entails a unique set of complexities.

Demand 138
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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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5 Ideas To Improve Your Business’ Curb Appeal!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Brand Protection – The Definitive Role of the Supply Chain! Curb appeal article and permission to publish here provided by Claire Glassman. First impressions can create a lasting impact on your business. Although at times, you never get the second chance to undo this. In the competitive arena of businesses, one single negative feedback from a customer might hurt your reputation.

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Key Steps for Successful Procurement Management in Manufacturing Companies

ProcurePort

Are you looking for ways to improve your procurement management process? You’re in the right place. In order to be successful in procurement management, it’s important that you understand · What the process actually entails, · The key people involved in the operation, and lastly · Best practices you can adopt to improve your own […]. The post Key Steps for Successful Procurement Management in Manufacturing Companies appeared first on ProcurePort Blog.

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Making a Business Case for Change: A Q&A with Public Sector Procurement Leaders

ivalua

Change isn’t easy, especially when it comes to transforming how Procurement operates in an enterprise governmental agency or organization. Building a business case for change can help accelerate adoption of new technologies and processes that enable digital transformation and the many benefits that come with it. In a recent webinar, Ivalua spoke with two leaders from top-performing Procurement agencies in the public sector and a subject-matter-expert practitioner: .

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Developing an Agile Supply Chain Workforce for the Future

The Network Effect

The post Developing an Agile Supply Chain Workforce for the Future appeared first on The Network Effect.

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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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Supplier performance -Supplier gone rogue

Future Purchasing

At what point does the performance of a supplier suggest we need to take definitive action with our SRM? From our experience, we see a whole range of responses to inadequate supplier performance from different organisations, ranging from full intervention to full inaction, even when there appear to be compelling reasons for mobilising a well-designed intervention.

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Foldable Shipping Containers? New Design Seen as Cure for Logjams

Supply Chain Brain

Few tools of the global economy have survived without major innovations as long as the shipping container. The supply ructions around the world are presenting an opportunity to test that incumbency.

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6 Building Renovation Tips to Increase Property Value!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Clear Span Buildings Buying and Leasing Guide! Building renovation article and permission to publish here provided by Claire Glassman. Renovating certain areas of a commercial building is an excellent way for owners to add increased functionality and property value. Old, unmodernized buildings create a wrong impression, while newly renovated properties can establish a good reputation.

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Applying e-Procurement System in The Healthcare

ProcurePort

Following the increased complexity of healthcare procurement and the benefit of sound supply chain controls, experts are calling for hospitals to introduce advanced technologies for the effective management of healthcare procurement and supply chain processes. For instance, procurement portals are already adding to the effectiveness of purchasing across manufacturing and retail companies, allowing for the […].

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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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Despite green pledges, less than a quarter of organisations monitor suppliers on carbon emissions

ivalua

Many organisations vowed to reach net zero during COP26, but suppliers say there is a lack of collaboration on green initiatives. London, UK – 18 th November 2021 – Research from Ivalua , a leading global spend management cloud provider , has revealed that very few European suppliers are being regularly assessed on sustainability practices, with less than a quarter (24%) being measured routinely on carbon emissions.

Suppliers 130
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4 Ways Supply Chain Disruptions Will Impact the Holiday Season

The Network Effect

The post 4 Ways Supply Chain Disruptions Will Impact the Holiday Season appeared first on The Network Effect.

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Beyond Annual Reports: Three Ways to Leverage Supplier Sustainability Information for Your Business

SupplyShift

In recent years, companies have come under increasing scrutiny from customers, employees, investors, governments, and NGOs. What do they want? For companies to demonstrate environmental stewardship and get proactive on social issues. As this scrutiny mounts, companies and countries worldwide are making tremendous strides to tackle the sustainability agenda, with organizations such as the Science Based Targets initiative (SBTi) and industry-accepted pledges like the Paris Accord providing much n

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Four Steps to Building Better Supplier Relationships

Supply Chain Brain

It’s clear that we need a root-and-branch reimagining of supply chain models, to ensure that global trade can survive future crises like the one we’re enduring today.

Suppliers 131
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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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Tips to Get the Best Performance From Your Business!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Content Marketing Strategy – The Decisive Guide! Best performance article and permission to publish here provided by Carol Trehearn. With another year fast approaching, it is time to get planning your next step to take your business further, improve its performance and have its best profit-building year yet.

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E-Procurement in Hospitals – An Integrated Supply Chain Management of Pharmaceutical and Medical Products 

ProcurePort

Supply chain management is a major cost driver in the healthcare industry. The need to have medical supplies and services available is just as important as getting diagnoses and prescriptions correctly. Medical logistics can be quite complicated owing to the many professional groups involved: suppliers, internal departments, logistics companies, authorities, and more.

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Ivalua Partners with OMNIA Partners, a leading Group Purchasing Organization (GPO), to Boost the Purchasing Power of Organizations

ivalua

Enabling instant leverage across numerous categories and the ability to capture more savings, faster. Redwood City, CA – October 2021 – Ivalua , a global leader in Cloud Spend Management solutions today announced an alliance with OMNIA Partners, a leading group purchasing organization to bring more purchasing power to customers of Ivalua, by enabling access to pre-negotiated contracts directly through Ivalua’s platform to achieve greater and faster savings on indirect and direct categories.

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Lean and Agile Segmentation by Cost and Innovation

The Good Spending

The new source of competitive advantage Porter's two primary sources of competitive advantage are cost and differentiation. Companies set out to become either the cheapest in the industry/market or the most unique. Naturally, the cheapest ones engage in price wars to win or die. Differentiation champions tend to become most valuable to their customers.

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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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Beyond Annual Reports: Three Ways to Leverage Supplier Sustainability Information for Your Business

SupplyShift

In recent years, companies have come under increasing scrutiny from customers, employees, investors, governments, and NGOs. What do they want? For companies to demonstrate environmental stewardship and get proactive on social issues. As this scrutiny mounts, companies and countries worldwide are making tremendous strides to tackle the sustainability agenda, with organizations such as the Science Based Targets initiative (SBTi) and industry-accepted pledges like the Paris Accord providing much n

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Watch: Supply Chain Congestion: A Golden Opportunity for Hackers

Supply Chain Brain

Kayne McGladrey, senior member of IEEE, offers valuable tips on how supply chains can shore up their cybersecurity at a time when threats from hackers are greater than ever.

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Start Your Business’ Sustainability Journey in 5 Steps!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Alone Can’t Solve Sustainability But it Has a Part to Play! Sustainability journey article and permission to publish here provided by Claire Glassman. In a climate-challenged environment, running a business becomes even trickier. You want to maximize your profits and revenues, but you’re also on the verge of being pressured by consumers and other organizations to step up and lessen your environmental

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Thanksgiving supply chain disruptions: how to avoid them

ProcurePort

Ongoing supply chain and procurement disruptions are expected to impact this year’s Thanksgiving celebrations, with manufacturers facing a shortage of ingredients and packaging materials to ship products. In addition, refrigerated truck capacity is as tight as ever. Shippers are paying record-high prices to ship merchandise – even $5/mile on some lanes.

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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.