October, 2020

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How the Pandemic is Impacting the Vanilla Supply Chain

All Things Supply Chain

The island country of Madagascar is currently feeling the impact of the pandemic on its top export: Vanilla. While consumer demand is high, vanilla prices are experiencing a downward spiral.

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6 Results You Can Expect From Effective e-Sourcing Technology

ProcurePort

The procurement process involves sourcing and finding required goods and services and then making agreements to acquire them from an external source. The procurement process can be short and simple or it can be long and complex depending on the industry an organization is in and its scale of operations. For instance, international and manufacturing […].

Sourcing 192
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Why Procure-to-Pay Software is Critical Today

ivalua

This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. Hence, I thought it valuable to review why the Procure-to-Pay Process flow is so important today and, most importantly, how to realize the potential value of a successful d

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How TMS Supports Contactless Supply Chain Initiatives

Supply Chain Collaborator

Like most transformative innovations in supply chain automation, the end state – in this case, a completely touchless supply chain – is an aspirational goal. And while technology is already being leveraged toward achieving the goal of contactless supply chain, it is an incremental process. Here’s what TMS technologies companies like UltraShipTMS are already delivering and how these incremental steps bring us closer to the ideal.

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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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How Technology Provides a Crucial Link in Ethical Supply Chains

Supply Chain Brain

With companies relying increasingly on complex global supply chains, their need for verifiable manufacturing ethics and supplier transparency is growing.

Ethics 140
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Supply Chain Priorities for the Pandemic’s Second Wave!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! GET our EBOOK HERE. There are over 35 million cases and over 1 million deaths due to the Coronavirus pandemic as of the beginning of October, 2020. In many countries they are still experiencing the first wave of the virus.

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How Reverse Bidding Benefits Your Auction Process

ProcurePort

When was the last time you changed vendors? Are you being charged a fair market price for your supplies? Procurement teams should revise their suppliers annually. In this way, you can discover new and possibly better vendors providing equitable and competitive prices. However, we all know that sourcing and procurement are not the easiest of […].

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Ivalua Named A Leader in Gartner’s 2020 Magic Quadrant for Procure-to-Pay Suites

ivalua

Continues 3rd party recognition of Ivalua for leadership in Procure-to-Pay technology. Redwood City, CA – October 21, 2020 – Ivalua, a global leader in spend management, today announced that it has been named a Leader in the 2020 Gartner “ Magic Quadrant for Procure-to-Pay Suites. ” The Gartner report evaluated full-suite procure-to-pay solutions from 14 different software vendors across a broad set of criteria, placing Ivalua in the Leaders quadrant based on its ability to execute and completen

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UltraShipTMS, Snowflake and Staying Ahead of Supply Chain Tech Trends

Supply Chain Collaborator

It was with great admiration and a touch of satisfaction that development leadership within UltraShipTMS watched the record-setting IPO of cloud-based analytic data warehousing startup, Snowflake last month. Admiration at how Snowflake succeeded by anticipating and meeting the mushrooming need of businesses seeking to leverage the data stored in their enterprise information systems to feed AI and other Big Data programs.

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Preparing for an Unpredictable Holiday Shopping Season

Supply Chain Brain

Consumers who were compelled to switch to e-commerce shopping during the height of the lockdown will likely be inclined to conduct a majority of their peak holiday shopping online.

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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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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the efficiency of their supply chain.

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6 Supply Chain Management Books That Will Optimize Your Strategies

All Things Supply Chain

Streamlining the process of converting raw materials into valuable products that are ultimately delivered into consumers’ hands can make or break any business.

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Enhancing Your Team’s E-Auction Bidding Strategy

ProcurePort

In today’s world, time is money. Companies are looking for ways to effectively manage costs during procurement while also getting value. Undoubtedly one of the most time-consuming and laborious processes for many had been the extended negotiations companies had with each vendor. With the advent of technology and procurement software with inbuilt e-auction functionality, the […].

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Unlock the Power of Invoice-to-Pay

ivalua

Using Invoice-to-Pay to create a top performing Accounts Payable Team. The performance of your Accounts Payable department can have a significant impact on the organization. Recent trends have increased the strategic importance of an effective, transparent Invoice-to-Pay process, managed by AP. Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation.

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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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Top Considerations in Credit Card Consolidation

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. GET our EBOOK HERE. Credit card consolidation article and permission to publish here provided by William Rovetto. You’ve seen a lot of mixed messaging if you’ve been reading up on credit card consolidation as a way to get your debt under control. Some sources say consolidation is absolutely the way to go.

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How Blockchain Benefits the Coffee Supply Chain

Supply Chain Brain

Blockchain can help ensure that coffee growers are given fair payments for their crops, and are maintaining sustainability practices.

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Sales and Operations Planning on a Real Time Network

The Network Effect

The post Sales and Operations Planning on a Real Time Network appeared first on The Network Effect.

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Artificial intelligence for sales and procurement planning: fundamental success criteria

All Things Supply Chain

I am often asked whether Artificial Intelligence can help to achieve better sales forecasts and procurement planning.

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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 to Ensure Your Diversity Spend Helps Improve Communities in Need

GoProcure blog

Increasing supplier diversity can benefit companies in multiple ways, such as by improving innovation , recruitment and customer experience. With diversity can come new viewpoints and access to new talent pools, while providing opportunities to marginalized groups. However, simply choosing a supplier with diverse leadership/ownership doesn’t go far enough.

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Thought Leadership Roundtable with Procurious and Ivalua – How we make things: Innovation and the Future of Work

ivalua

The post Thought Leadership Roundtable with Procurious and Ivalua – How we make things: Innovation and the Future of Work appeared first on Ivalua.

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How to Maintain a Photocopier!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. GET our EBOOK HERE. How to Maintain a Photocopier article and permission to publish here provided by Daniel Calvin at number1officemachines.com.au. A photocopier is an indispensable piece of machinery. It’s one of the most essential pieces of equipment in any office. The importance of a photocopier in the daily operations and the invested money on it mandate that it is maintained in top form.

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Can the U.S. Establish a Reliable Domestic Supply of PPE?

Supply Chain Brain

The coronavirus pandemic has led to severe shortages of personal protective equipment (PPE) needed to protect Americans from the disease. The crisis has revealed an overreliance on imported supplies, particularly from China.

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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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Build A Culture of Trust and Openness

Situation Management Systems

Impact of COVID-19 on Organizations When the COVID-19 crisis hit, many business leaders found themselves in emergency mode trying to figure out how to remain viable and manage a workforce that had suddenly become remote. Now they are dealing with questions of how to safely reopen and how or if to call workers back to their workplace. This is a test of corporate cultures.

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The Supply Chain of Jack O’Lanterns at Halloween

All Things Supply Chain

Despite the COVID-19 pandemic, in the US alone up to 148 million people are expected to celebrate Halloween this year.

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How to Manage Seasonality of Demand to Increase Forecasting Accuracy

EazyStock

Fact: not every product in your warehouse sells at the same pace throughout the year. Some will experience peaks and troughs in their sales due to the coming and going of seasons and months. While you may think this is an obvious statement, many businesses still struggle to forecast for seasonal highs and lows in demand, despite them happening every year.

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BRIDGING THE GAP How smart procurement technology can help companies overcome the digital skills shortage

ivalua

The post BRIDGING THE GAP How smart procurement technology can help companies overcome the digital skills shortage appeared first on Ivalua.

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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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Product Management KPIs!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is Product (or Master) Data Management? GET our EBOOK HERE. Product Management KPIs article and permission to publish here provided by Raanan Cohen at bringg.com. KPIs, KPIs, KPIs, — there’s been a lot of talk about KPIs lately. To be honest, people have been talking about KPIs for a long time, especially around marketing, sales, and some R&D (though the latest mostly speak about KPIs but don’t measure it well enough

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How Wearables Are Transforming Transportation and Logistics

Supply Chain Brain

Early forms of wearable devices have been popular in warehouses and distribution centers for a number of years. But the technology is growing rapidly in sophistication and application.

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JAGGAER Webinar with Accenture Strategy and Attijariwafa Bank Case Study: Accelerating Trust in Banking – Internal, Suppliers and Customers

Jaggaer

Coming on top of a very difficult and complex existing situation, Covid-19 has put additional pressure on profitability and capital requirements in the banking sector in the European Union and Africa, with drops in revenue in the order of 35-45% and the lowest return on equity since the aftermath of the great crash of 2008. Banks were already having to deal with a whole raft of major challenges including a shift in customer expectations towards “everything digital”, a technological revolution, d

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Contactless Stocktaking – Added value in warehouses through statistical inventory sampling

All Things Supply Chain

2020 will certainly be remembered as a year that changed our habits and conventions in many ways.

Inventory 246
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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.