June, 2021

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Why an integrated supply chain works a lot like a successful football team

All Things Supply Chain

Shortly before the start of the European Football Championship (for our US readers: it’s all about Soccer) this Friday, many Europeans are again feeling the tension and anticipation of this…

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Supplier Diversity: From Checking the Box to Driving Business Strategy

ivalua

Part I: Building Business Cases and Driving Momentum. Supplier diversity programs are something many procurement professionals in the United States (U.S.) have accepted as a key element of procurement. These programs are as familiar to procurement professionals as concepts like spend analysis or category management. This mainstream awareness is directly attributable to the U.S.

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What is a Supplier Portal?

ProcurePort

Is there a cost-effective way to effectively manage a supplier database? Procurement teams are always on the hunt for resources that allow them to streamline the vendor management process. That’s why in the world of e-Procurement, one tool that is exceedingly appreciated is the supplier portal. This extremely useful system simplifies supplier management allowing for […].

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6 Generations of Demand Forecasting Software

SCMDOJO

In this blog, we will discuss 6 Generations of Demand Forecasting Software, how the logic and algorithms are developed over time. This article is written in collaboration with LOKAD where they have talked about,, “How companies went from using technologies that were fundamentally based on mathematics, which had not changed that much since the 18th.

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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 U.S. Maritime Regulator Sees Shipping Snarls Lasting to 2022

Supply Chain Brain

The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small American companies can weather another year of a tangled transport system and much higher costs.

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5 Things Startups Must Know Before Launching a Minimum Viable Product (MVP)!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Investment Challenges – Real and Imagined! Minimum Viable Product article and permission to publish here provided by Julia Beyers. Let’s be honest – the modern business climate could not be imagined without startups, but how many of them actually succeed?

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Ivalua Completes the Source-to-Pay Journey with Embedded Global Supplier Payments

ivalua

Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments. Today’s supplier payments remain complex and crucially lack transparency and efficiency that strain supplier relationships, increase transactional costs and cause frustration for all

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The Ultimate Guide for AI in Procurement

ProcurePort

Artificial intelligence always has been, is still, and possibly always will be a very hot topic. From theory to practicality, to cinematic wonder, and otherworldly possibility – artificial intelligence has been the focal point for a lot of great minds across fields and industries, for a long while. Today, though, AI is more heavily practiced […].

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Global Dentistry Company Digitizes Its Procurement Processes with JAGGAER

Jaggaer

The post Global Dentistry Company Digitizes Its Procurement Processes with JAGGAER appeared first on JAGGAER.

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How Trump’s Trade War Built Shein, China’s First Global Fashion Giant

Supply Chain Brain

Shein is upending a $36 billion industry by using a seemingly ingenious combination of supply-chain savvy, data-driven clothing design and tax loopholes that came to the fore during the U.S. and in China trade war.

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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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What are White Glove Services? All You Need to Know!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Omnichannel Customer Service Best Practices! White glove services article and permission to publish here provided by Christian Cabaluna. The growth of the eCommerce industry redefined the whole meaning of customer satisfaction. A product’s quality and price no longer define how much value a good has.

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How to Identify Your Supply Chain Sustainability Risks and Opportunities

SupplyShift

In today’s climate, ESG compliance is no longer a “nice-to-have.” If you’re not taking ESG seriously, you’re simply not prepared for the future. And to take concrete action towards increasing sustainability performance, you must prioritize your supply chain , where the greatest ESG impacts are found. Yet a recent survey by The Sustainability Consortium (TSC) found that fewer than one in five companies have a comprehensive view of their supply chains’ sustainability performance.

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Almost Two Thirds of European Suppliers Say Late Payments Put Them at Financial Risk

ivalua

Financial impact of COVID-19 has delayed payments and kept focus on cost, but research shows this is adversely affecting supplier relationships and access to innovation. London, UK – 29 th June 2021 – Research from Ivalua , a leading global spend management cloud provider , has revealed almost two thirds (65%) of suppliers feel late payments are putting their company at financial risk.

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8 Useful Features in ERP Procurement Modules

ProcurePort

Enterprise resource planning (ERP) systems are one of the organizations’ most critical tools today. Estimated to be worth more than $25 billion globally, the ERP software market is thriving – and for due reason. According to Selecthub, 88% of companies acknowledge ERP integration as pivotal in their success with the top reasons for implementing the […].

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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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Behind the Scenes Look at JAGGAER’s Newest Procurement Expert

Jaggaer

The post Behind the Scenes Look at JAGGAER’s Newest Procurement Expert appeared first on JAGGAER.

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Transforming the Procurement Process Through Robotics

Supply Chain Brain

Automation in operations, manufacturing, finance and marketing have enabled significant improvements in productivity. So where does technology go from here? Robotic process automation holds the answer.

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How to Get Bitcoins Fast!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What to Look for Before Investing and Storing Bitcoin! Get Bitcoins fast article and permission to publish here provided by Bailey Merton. If you’re looking to invest in cryptocurrencies, now is the right time. Even though bitcoin has been going through massive dips in the past, it is still just as valuable as before.

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How to Identify Your Supply Chain Sustainability Risks and Opportunities

SupplyShift

In today’s climate, ESG compliance is no longer a “nice-to-have.” If you’re not taking ESG seriously, you’re simply not prepared for the future. And to take concrete action towards increasing sustainability performance, you must prioritize your supply chain , where the greatest ESG impacts are found. Yet a recent survey by The Sustainability Consortium (TSC) found that fewer than one in five companies have a comprehensive view of their supply chains’ sustainability performance.

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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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How A Global Technology Consulting Leader Digitized Government Compliant Systems

ivalua

The post How A Global Technology Consulting Leader Digitized Government Compliant Systems appeared first on Ivalua.

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Digital Sourcing: Digital Solutions for Procurement

ProcurePort

How has technology impacted procurement and sourcing in the supply chain? Technology has revolutionized every industry and procurement is no exception. With increasing pressure to mitigate spend and streamline processes, Chief Procurement Officers have turned to digital sourcing and digital solutions for help. In fact, according to a global survey of 830 procurement professionals carried […].

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Competitive Procurement through Category Management

Sourcing and Supply Chain

Category Management is the concept of the Retail industry that helps for better management as well as sales of a similar category of product by bundling the same. Initially, it was deployed in the retail and sales end. Later on, it is categorically understood that for multiple sources of consumption or multi factory plants, sourcing a similar product by different persons may lead to consumption of more time, money, and resources.

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How Energy Intensity Clouds Blockchain’s Future

Supply Chain Brain

If blockchain is ever to fulfill its potential as a reliable way of recording key business transactions, it’s going to have to burn a lot less energy that it does today.

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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 Bitcoin or Ethereum Better for You?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Top Cryptocurrencies and Their Positive Aspects! Get Our EBOOK HERE. Bitcoin or Ethereum article and permission to publish here provided by Jean Nichols. Well, these days, millions of people are investing in cryptocurrencies in order to get huge benefits. There are some people who are investing in the most popular cryptos like Bitcoin or ethereum, whereas some people are still looking for crypto to go with.

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How to Approach Multi-Tier Supplier Assessments

SupplyShift

Organizations big and small rely heavily on hundreds—if not thousands—of different suppliers around the globe. In this type of supply chain ecosystem, companies must understand sustainability performance of not only their tier-one suppliers, but also their second, third, and fourth tier suppliers and beyond. Yet according to Deloitte , a recent study revealed that while most companies have social and environmental systems in place for internal operations, less than a third have similar structure

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Rolls Royce: Driving Supply Chain Resilience, Efficiency, and Digitization

ivalua

The post Rolls Royce: Driving Supply Chain Resilience, Efficiency, and Digitization appeared first on Ivalua.

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What is Contract Lifecycle Management (CLM)?

ProcurePort

When it comes to business operations, it makes sense that many aspects of running a business turn out to be cyclical. Kind of like Elton John teaches us with “The Circle of Life” in The Lion King, as a process comes to a close, no matter how long or large that process may be, it […]. The post What is Contract Lifecycle Management (CLM)? appeared first on ProcurePort Blog.

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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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Bill of Materials Inventory management: How to improve BOM forecasting and planning

EazyStock

When finished goods are built from a set of components, a Bill of Materials (BOM) is extremely useful for inventory management purposes. A bill of materials is usually associated with production planning in manufacturing, and is typically used in manufacturing software such as materials resource planning systems (MRPs). BOMs are also very useful when multiple components are used in the assembly of final items for sale or for servicing equipment and machinery.

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Watch: How Inefficient Warehouses Are Slowing Global Supply Chains

Supply Chain Brain

Alex Wakefield, chief executive officer of Longbow Advantage, says the inability of warehouses to take full advantage of the data that’s available to them is a greater threat to supply chain continuity than a containership blocking the Suez Canal.

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Bitcoin Trading with Android!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is Android Fragmentation? Bitcoin trading with Android article and permission to publish here provided by Jean Nichols. Do you know why people are investing in bitcoin? It is because of the increasing popularity of bitcoin trading. Meanwhile, the android exchange system has developed the android-based bitcoin trading application.

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How to Approach Multi-Tier Supplier Assessments

SupplyShift

Organizations big and small rely heavily on hundreds—if not thousands—of different suppliers around the globe. In this type of supply chain ecosystem, companies must understand sustainability performance of not only their tier-one suppliers, but also their second, third, and fourth tier suppliers and beyond. Yet according to Deloitte , a recent study revealed that while most companies have social and environmental systems in place for internal operations, less than a third have similar structure

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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.