February, 2023

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ChatGPT in Procurement — Revolutionizing the Norm

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. However, what is it? This article will help you know what ChatGPT is.

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The RFQ: A request for quotation how-to guide with template

RPF360

A request for quotation (RFQ) can be a key component in your procurement process. Are you taking advantage of this tool? Explore how the RFQ works, when you should use one and how to write it. This guide also provides examples and templates to help you get started. The post The RFQ: A request for quotation how-to guide with template appeared first on RFP360.

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When should I engage a procurement recruitment agency?

Procurement Heads

Whether you’re a small business owner or the HR manager of a large organisation, there are several situations when it makes sense to work with a recruitment agency. James Dobbin , Director of Procurement Heads ’ Financial & Professional Services offering, shares some of the most common reasons for engaging a recruitment agency and the benefits they can bring to your hiring process.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures.

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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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4 Ways Manufacturers Can Improve Supply Chain Visibility

All Things Supply Chain

Supply chain visibility has become a make-or-break point for industries and companies worldwide. It is seen as a potential panacea for recent issues and breakdowns.

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Buyer Power Score – Pest Control Services

Art of Procurement

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Pest Control Services appeared first on Art of Procurement.

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Severe graphite shortage looms as EV sales surge

Strategic Sourceror

With more Americans buying rechargeable cars — and several automakers expanding their hybrid and all-electric offerings — the automotive industry is turning to the rare earth metals market. These materials, namely lithium, cobalt, nickel and several others, are critical for manufacturing the lithium-ion batteries electric and hybrid cars need.

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The Big Interview with Chris Minter

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what Zurich is doing with regard to sustainability in the supply chain. How did you get into procurement? I have always been in procurement right from an internship I did at Lockheed Martin, as part of my time at university and have been in supply chain and commercial roles ever since.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Ivalua Blog [ivory-search] Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike February 10, 2023 | | Procurement Strategy Mitigating EMEA Inflationary Pressures Through S2P Solutions In the EMEA region, organizations are increasingly facing an uphill battle against inflation – one that can be particularly hazardous when it comes to making procurement decisions.

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Supply Chain Weekly Wrap-Up 02/17/2023-02/23/2023

All Things Supply Chain

Uber Freight announce plans for electric trucks in California Uber Freight a subsidiary of Uber Technologies announced plans to deploy their electric trucks on select routes in California.

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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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A Look at the Current State of Procurement Recruiting

Art of Procurement

The last few years in procurement recruiting have been wild – just like the external conditions procurement professionals have been. The post A Look at the Current State of Procurement Recruiting appeared first on Art of Procurement.

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Avocado Prices – Historical Graph [Realtime Updates]

Procurement Tactics

Avocado Prices – Historical Graph Realtime chart of historical daily avocado prices. The prices are down in U.S. dollars per KG. The current price is and is last updated on. The average price in the past 3 days is The average price in the past 7 days is The average price in the past 30 days is The average price in the past 365 days is Popular questions about avocado prices: Why are avocado prices fluctuating?

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How To Manage Supply Chain Risk in the Age of Unpredictability

Supply Chain Brain

Supplier diversification is among the most essential actions a business can take to survive a black swan event, but it requires prior planning.

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9 ocean carriers commit to 100% electronic bill of lading by 2030

Supply Chain Dive

The transition to eBLs is expected to save stakeholders billions of dollars.

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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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Spring Interim Networking Event

Procurement Heads

In advance of the new financial year, this will be an opportunity for networking and discussion around all things procurement and interim management. If interim management within procurement is your specialism, or indeed if your business has had requirements for quality interim managers in this space, then please join us for a drink or two! Spaces are strictly on a first come first served basis, so please register your interest now by completing the form below to avoid disappointment.

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Supply Chain Weekly Wrap-Up 02/10/2023-02/16/2023

All Things Supply Chain

Germany looks to partner with Japan to Secure Raw Materials The German government wants to increase cooperation with Japan to help secure supplies of raw materials.

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How to Benchmark Supplier Diversity Performance

Art of Procurement

If there were a shortlist of core procurement skills, benchmarking would undoubtedly be on it. And yet, for the ease. The post How to Benchmark Supplier Diversity Performance appeared first on Art of Procurement.

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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today. While inflation has eased from 9.1% last June to 6.5% in December and is expected to fall to 3.1% by the end of this year, business and academic economists pol

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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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Episode 102: Insuring Against Cyber Liability and Exposure with Shawn Edgington

Una

EPISODE 102 Insuring Against Cyber Liability and Exposure with Shawn Edgington By Kelly Barner | February 15, 2023 ‘Digital’ must be one of the most commonly used words in business conversations today. Its usage extends far beyond IT to include nearly every internal and external effort. With so many of a company’s assets and activities being conducted via digital platforms, why isn’t cyber security more frequently included in those conversations?

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Ultimate 2023 Negotiation guide – A Comprehensive Overview

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Ultimate 2023 Negotiation guide — A Comprehensive Overview Negotiation is part of our everyday life. In business, negotiation allows parties to settle disputes, build stronger relationships, and create value in contracts.

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CPO Spotlight: Dr Jonathan Sims

Procurement Heads

For Procurement Heads ‘ latest CPO Spotlight, he spoke with Dan Goodson about the key tenets of being a CPO, how the sector has changed during his career and what he’s most passionate about when it comes to procurement. You have a vast amount of experience, including being a Visiting Fellow at Nottingham Business School (Nottingham Trent University) and Durham University Business School as well as being an Affiliate Professor at Emlyon business school in France, what do these roles e

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Supply Chain Weekly Wrap-Up 02/03/2023-02/09/2023

All Things Supply Chain

Amazon to streamline operations after unprofitable year After reporting a $2.7 billion loss in 2022, Amazon is now focusing on streamlining operations in an attempt to recover and boost productivity.

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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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The Psychological Long Tail of Supply Chain Disruption

Art of Procurement

Traditionally, procurement has been measured on their ability to generate savings and bring spend under management. That has led to. The post The Psychological Long Tail of Supply Chain Disruption appeared first on Art of Procurement.

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Bartering on a large scale

ABC of Procurement

Here is a story I would like to share with you from my career. This time we talk about bartering instead of direct payments. The post Bartering on a large scale first appeared on ABC of Procurement.

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How to issue an IT RFP: Tips, templates and examples

RPF360

IT purchasing is crucial to your business's strategic goals, so there's a lot of pressure to get it right. Explore how an IT RFP can help you select the perfect vendor. In addition, explore steps for writing your RFP for information technology, key terminology and templates to get you started. The post How to issue an IT RFP: Tips, templates and examples appeared first on RFP360.

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DuPont CPO Gonzalez on geopolitical risks, building relationships and prioritising amid the polycrisis

Procurement Leaders

Miguel Gonzalez is no stranger to choppy waters. Long before he embarked on his career in procurement, the CPO of multinational chemicals behemoth DuPont spent six years in the Spanish Navy before his circumstances changed and he came to realise life at sea was not conducive to raising a family. “I thought that was going to be my career. But, I met my wife, we got married and had a kid, and I realised that being in the navy and having a family were not compatible, so I quit,” he tells Proc

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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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Financial services sector talent woes continue

Procurement Heads

The number of professionals applying for jobs in the financial services sector is down by a third year-on-year, with the gap between supply and demand worsening. That’s according to new research from the Association of Professional Staffing Companies (APSCo), the trade association for the professional recruitment sector.  The data, provided by Broadbean Technology, revealed that job applications within the sector fell by 12.5% between November 2022 and January 2023, but this decline was far more

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Make Safety Your Warehouse’s New Year’s Resolution

All Things Supply Chain

The new year is a perfect time to reflect on the past 12 months and determine how to improve.

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How Warehouses Will Modernize in 2023

Supply Chain Brain

There’s still much to be done to enable operators to take full advantage of the immense amounts of data being collected at every moment of the day within distribution centers.

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Sustainable procurement – change the mindset

ABC of Procurement

Many connect sustainability with higher operational costs. But is this really the case? The post Sustainable procurement – change the mindset first appeared on ABC of Procurement.

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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