July, 2021

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Supplier Diversity Part III: Keeping Pace as an Organization

ivalua

In Part I and Part II of this series, we have investigated the way in which supplier diversity programs have developed over time and which nations are leading the way in the space. And while it’s good to stay abreast of how we develop as societies, it’s vital to understand how we can better align supplier diversity best practices as individual organizations. .

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What Is the Procure-to-Pay Process In SAP?

ProcurePort

Procure-to-Pay is the full cycle that a business goes through when they need to obtain goods or services from a supplier. The cycle describes what steps need to be taken to complete the procurement process and to finalize payment. On paper, it’s a simple process that can be followed systematically, but in a modern procure-to-pay […]. The post What Is the Procure-to-Pay Process In SAP?

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Sheri Hinish Contributes in MIT State of Supply Chain Sustainability 2021 Report

Supply Chain Queen

Excited to share the 2021 State of Supply Chain Sustainability report and appreciate the inclusion herein with other friends in supply chain. After an extensive analysis of 2,400 responses, 21 interviews, and 250 documents, this comprehensive report highlights how companies put their Supply Chain Sustainability promises into practice in 2020 despite—or because of—the disruptions caused.

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How Transparency Will Elevate the Post-Pandemic Food Supply Chain

Supply Chain Brain

There’s an opportunity to improve food supply chain logistics and planning with a future-proofing mindset. No element requires more consideration and investment in this regard than transparency.

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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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Top 18 Business Acumen Skills You Should Master

SCMDOJO

How do you attain the skills required for success in your current job and future career? A trustworthy approach to getting career advancement or growing your business is to acquire business acumen skills. Industry or sector is less relevant when it comes to these skills, as they get the most significant business running effectively. It. Continue reading.

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The Resilient Supply Chain! Passing Fad or Long Term Strategy?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? Get Our EBOOK HERE. Since the Coronavirus pandemic exposed the fragility of the global Supply Chain , everywhere you look you see the word “resilience” being used as the latest buzz word. Everyone is talking about making Supply Chains more resilient and robust, as if there was never any attention in the past in this regard.

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What is the Difference Between Strategic Sourcing and Contracts?

ProcurePort

What is contract sourcing? Well, sourcing and contracts go hand-in-hand. You can’t have one without the other. They are two separate parts of the procurement process and they each have their own distinguishing features. It’s these differences that we are going to explore in this blog but let’s begin with a few definitions. What is […]. The post What is the Difference Between Strategic Sourcing and Contracts?

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8 Best Inventory Demand Forecasting Techniques

EazyStock

Demand forecasting techniques. Demand forecasting techniques play a critical role in inventory management. If you can accurately forecast market demand, you can take action to ensure you hold the correct stock to maximize sales and profit. However, producing an accurate inventory demand forecast is no mean feat. In this post we uncover eight top demand forecasting techniques and best practice tips that you can’t be without.

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Supply Chain Blind Spots: Where They Occur, and How to Deal With Them

Supply Chain Brain

Global supply chains frequently encounter blind spots, such as failing to anticipate trade disruptions and supplier risk. The result is significant challenges for manufacturers and their customers, which neither can afford.

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Cognitive Automation in Planning & Forecasting

Supply Chain Trend

I recently presented at the 41st ISF symposium from the International Institute of Forecasters , where I discussed #cognitiveautomation in planning & forecasting, which is availably in this video (25 min). I cover: – why #artificialntelligence alone is not enough to achieve #intelligentautomation – what’s really required to achieve #autonomousplanning ?

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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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Understanding the Bitcoin Market Crash of May, 2021!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Is Bitcoin Volatility a Threat for Traders? Bitcoin market crash article and permission to publish here provided by Jean Nichols. Bitcoin is the first-ever cryptocurrency of the marketplace and conferring the ground concept of bitcoin; there was an exceeding extent of altcoins in just a nominal time.

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Creating a Sustainable Supply Chain Strategy: The IKEA Story

ivalua

“ Companies that fail to adapt to climate change will go bankrupt without question. “ -Mark Carney, Bank of England Governor. Those are some very forceful words from Mark Carney, Bank of England Governor, but he’s not entirely incorrect. The world continues to change and evolve, and supply chains are not excluded from that process. In fact, currently 80% of the carbon footprint comes from the global supply chain. .

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The Role Procurement Teams Play in Contract Management

ProcurePort

Procurement today is supposed to be a management function within an organization, directly supporting the strategic goals of the organization. However, this is yet to be achieved in most organizations. In most cases, contract management is left to the legal department team members. However, the team may not have all the required technical knowledge to […].

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JAGGAER ONE 21.2 Release Automates and Optimizes Common Procurement Tasks, Accelerating Time to Value

Jaggaer

The post JAGGAER ONE 21.2 Release Automates and Optimizes Common Procurement Tasks, Accelerating Time to Value appeared first on JAGGAER.

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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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How Online Returns Will Impact the Post-Covid Customer Experience

Supply Chain Brain

Managing returns is driving up costs and becoming a growing concern for business leaders. As such, it’s never been more important for retailers to solve the reverse logistics puzzle.

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How to Optimize Your Profit and Loss with a Demand Driven Supply Network

The Network Effect

The post How to Optimize Your Profit and Loss with a Demand Driven Supply Network appeared first on The Network Effect.

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How to Become a Professional Bitcoin Trader!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What to Look for Before Investing and Storing Bitcoin! Bitcoin trader article and permission to publish here provided by Jean Nichols. Bitcoin is an open software complex on blockchain technology. Bitcoin was invented by a Japanese group named Satoshi Nakamoto, whose identity is completely anonymous.

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Ivalua Payments Part II: Using Payments to Become the Customer of Choice

ivalua

COVID-19’s impact on business has drastically changed how supply chains function and how we, as end users, work. It has forced the world to rethink, pivot and adapt to digital technology. It has also exposed the gaps that result in inefficiency and costs, plus the blurred relationships between employees, vendors and customers. The largest identified gap between procurement and payment is the Accounts Payable (AP) process.

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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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What Are the Benefits of Procurement Software?

ProcurePort

Procurement software has opened the door wide for transformation to take place within organizations bringing about automation, improved spend visibility, and spend control. The benefits have been numerous and ramifications felt along the supply chain. This has prompted widespread adoption of procurement software by enterprises leading to the market’s rapid growth.

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Ten Principles for Successful Procurement Change Management

Jaggaer

The post Ten Principles for Successful Procurement Change Management appeared first on JAGGAER.

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The Meaning of Data Fabrics — and How They Benefit Supply Chains

Supply Chain Brain

Traditional data management systems worked well when supply chain professionals had more time to adapt, and the enterprise data landscape was more uniform, structured and simple. But the world is different now.

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5 Tips for Maximizing Warehouse Efficiency

The Network Effect

The post 5 Tips for Maximizing Warehouse Efficiency appeared first on The Network Effect.

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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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Is Cardboard Packaging Environmentally Friendly?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How Eco-Friendly Packaging is Impacting Sustainability! Cardboard packaging article and permission to publish here provided by Patricia Deems. “We need to ban plastic!” “We need to stop using plastic products!” “Plastic is harming the planet.”. These are some chants that we are hearing on a daily basis and it’s all true, unfortunately.

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Virtual Roundtable: Encouraging Collaboration with Suppliers as an Engine for Growth ELN x Ivalua

ivalua

The post Virtual Roundtable: Encouraging Collaboration with Suppliers as an Engine for Growth <br> ELN x Ivalua appeared first on Ivalua.

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Procure to Pay: Business Process Map

ProcurePort

There are many steps involved in an advanced, comprehensive, and sophisticated procurement department. Furthermore, the larger the organization, the more involved and intricate the procurement process or lifecycle is likely going to be. This is partially due to scale, and partially due to the nature of procurement in general. A procure to pay: a business […].

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JAGGAER Shortlisted for “Employer of the Year” Category in Women in IT USA Awards

Jaggaer

The post JAGGAER Shortlisted for “Employer of the Year” Category in Women in IT USA Awards appeared first on JAGGAER.

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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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Watch: Impact of the Western U.S. Megadrought on Food Supply Chains

Supply Chain Brain

Phil Renaud, executive director of The Risk Institute in the Fisher College of Business at The Ohio State University, discusses how the persistent drought in the western U.S. is forcing food supply chains to rethink their sourcing strategies, as well as pursue longer-term initiatives for coping with the effects of climate change.

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4 Smart Supply Chain Strategies for Boosting Customer Experience

Solvoyo

This is the best of times and worst times for retail. On one hand, online sales taking retail to new frontiers by offering endless choices from the comfort of home and taking away from the sales of brick and mortar stores, and on the other, e-commerce businesses are scrambling to open brick and mortar stores. … Continue reading "4 Smart Supply Chain Strategies for Boosting Customer Experience".

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The Financial Evolution of Bitcoin!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Become a Professional Bitcoin Trader! Financial evolution of Bitcoin article and permission to publish here provided by Jean Nichols. Bitcoin was unconfined at the instance of the financial crisis in 2009. The foremost software of bitcoin was released at first glance of 2009, and in March 2009, the second block of bitcoin complex was mined.

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The Role of Supplier Collaboration in ESG and Supply Chain Resilience

ivalua

The post The Role of Supplier Collaboration in ESG and Supply Chain Resilience 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.