December, 2019

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How Procurement can help to drive Supplier-led innovation

ivalua

Alex Saric, Chief Marketing Officer, Ivalua. In today’s competitive business landscape, consumers demand a continuous cycle of new products and services, and the gap between each launch is shrinking. This means companies are under more pressure than ever to innovate at pace. A business’s ability to develop and launch new products that meet customer expectations quickly and profitably is critical to overall success.

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5 Spend Analysis Best Practices

ProcurePort

Spend analysis is a vital part of business operations that is aimed at reducing procurement costs. You can cut procurement costs by collecting and analyzing expenditure data and using that data to identify opportunities to improve cost efficiency throughout the procurement process. Here are some of the best practices in spend analysis and an overview […].

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The rise of the electric vehicle – Is your terminal ready?

All Things Supply Chain

The rise of the electric vehicle is inevitable now as China and the EU have created strict regulations to achieve a more environmentally friendly way to drive.

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Dip a Toe in TMS – Engage UltraShipTMS for “Expedite Only” Pilot

Supply Chain Collaborator

TMS Success Tip. Making the decision to engage a new TMS platform is a heavy lift requiring buy-in and sign-off from numerous internal stakeholders beyond the logistics department (Legal, Procurement, IT, C-suite, etc.). Learn How to: Avoid the struggle of gaining capital approval for a full-blown TMS implementation. Instead, consider dipping a toe into the water by starting with an “expedite only” pilot program to automate ONLY your expedited/spot market freight movements.

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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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Can the ‘Smart’ Factory Revive U.S. Manufacturing Productivity?

Supply Chain Brain

A recent study touts the “smart” factory as a magic bullet that can solve any number of manufacturers’ problems, from low productivity growth to uncompetitive operations.

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2020 Supply Chain Management Trends

EazyStock

Intro to 2020 Supply Chain Management Trends. The new year is upon us, and with the end of 2019 we reach the end of the decade – and the beginning of 2020. Throughout the last decade, the main trends were digitization and globalization. Supply chains have lengthened and extended across borders, bringing a whole new host of opportunities and challenges. 2020 supply chain management trends will further these shifts.

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The Best Practices of Purchase Requisitions in 2019

ProcurePort

Employing best practices in purchase requisitions will enable your business to streamline order and stock management, improve vendor-buyer relationship, operate more cheaply, prevent fraud and improve the speed at which your firm operates. Best practices of purchase requisitions, if implemented correctly, will see you buying the right quality and quantity goods and services at the […].

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Supply Chain Lessons from Santa Claus

All Things Supply Chain

The Christmas holiday season is in full swing and it’s this time of the year that proves busiest for supply chain managers.

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A Brief History of Digital Transformation

The Network Effect

The post A Brief History of Digital Transformation appeared first on The Network Effect.

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Supply-Chain Innovation: In the Front Office or Back?

Supply Chain Brain

In recent years, supply chain has become a hotbed of innovation and a darling of venture investors. A series of new technologies has matured and brought new life to this historically rather stodgy space.

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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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Leveraging Data in a Digital Transformation: Lessons from JAGGAER’s Fireside Chat

Jaggaer

Digital procurement platforms are capable of producing incredible amounts of data, from spend history to supplier scores , delivery rates and more. But such massive amounts of data can easily lead to a new generation of questions. What do all these numbers really mean? How can I put them to good use? Which data can I trust? . At REV2019 , JAGGAER hosted a fireside chat panel discussion with several procurement professionals to discuss these exact dilemmas and gather expert opinions.

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12 Ways To Get Control Over Supplier Master Data

ivalua

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Procure-to-pay (P2P) automation and analytics won’t work very well without accurate supplier master data. Yet that goal — data accuracy — remains a considerable challenge for many Procurement and Accounts Payable organizations. This Gartner report, “Gain Control Over Your Supplier Master Data Before It’s Too Late,” has lots of ideas for improvement.

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E-marketplace: Choosing Custom Solutions for Building Your Brand

ProcurePort

People gathering to buy and sell goods was the very foundation of the first cities and civilization as we know it today. However, going to the marketplace was a logistic endeavor. It meant leaving the area of production and traveling distances. Nowadays, people don’t have to leave the production or the comfort of their homes. […]. The post E-marketplace: Choosing Custom Solutions for Building Your Brand appeared first on ProcurePort Blog.

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How to Close the Supply Chain Skills Gap

All Things Supply Chain

Across a number of fields, Industry 4.

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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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3 Challenges Facing Supply Chain in the Next 5 Years!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Imagining the Supply Chain of the Future! Article written for Supply Chain Game Changer by Ralf Llanasas at heroicsearch.com. It can sometimes feel as though our commercial landscape is in a constant state of flux. Whether due to frequent changes in technology, attitudes of consumers, or shifts in working practices, this can breed both an exciting sense of competition, as well as uncertainty.

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Enhancing Quality and Security in Product Traceability

Supply Chain Brain

Across nearly every industry, the inability to resolve product problems as they arise can cause a lack of trust with consumers that’s hard to rebuild.

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Why IT Projects Fail: Three Steps to Implementation Success

Jaggaer

Approaching a large IT implementation project can be a daunting prospect. In addition to managing the expenses, timelines, logistics and vendors, you have to consider change management and user expectations. The numbers don’t help maintain a sense of optimism, either. According to The Standish Group ’s 2019 CHAOS Report, only 16.2% of projects are implemented successfully on time and under budget.

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The Secret to Effective Supplier Onboarding – Tiering 

ivalua

Vishal Patel, VP Product Marketing, Ivalua. One size does not fit all when it comes to supplier onboarding. Best practices have evolved to a tiered approach that segments suppliers and adapts to dynamic business needs. . A tiered approach to supplier onboarding helps Sourcing and Procurement leaders develop a sensible list of checks and resources. Among other things, this prevents redundancies when suppliers get asked the same questions by multiple departments. .

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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 Reverse Auction Services Avoid Procurement Hiccups

ProcurePort

What is a Reverse Auction? Reverse auction services are occasions, whereby the buyer and the sellers play an exchanged role. Here, the buyer puts up a price, and the sellers offer their services and products. The lowest price gets the auction. The standard auction is slightly different from the Reverse Auction – not categorized differently, […].

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Retail sustainability during the holidays

SupplyShift

U.S retailers are proclaiming 2019 as the “apocalypse”—nearly 9,500 stores have closed their doors this year. That list includes discount stores like Family Dollar and Kmart, clothing stores like Forever 21, and pharmacies such as CVS. But brick and mortar retailers may find a reprieve from the negative rhetoric this holiday season. Consumers say they will spend an average of $1,047.83 this season, which is up 4% from last year, and they expect to do about half of that shopping in physical store

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Should You Choose Self Storage or a Portable Storage Container?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Article and permission to publish here provided by Eada Hudes. Effective utilization is one of the main things that is required for any building, be it a home, in a commercial space or at your workspace. Renting storage space is a good option if you cannot accommodate a lot of things in your living space.

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Three Ways IoT Can Streamline Seasonal Supply Chains

Supply Chain Brain

Here’s how connected devices can grow insight and maximize efficiencies across the supply chain this holiday season.

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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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5 Procurement Questions for Santa

Jaggaer

After pulling a few strings, we managed to catch Santa on one of his few coffee breaks at this busy time of year to fire five burning questions at the reigning world champion in procurement. Christmas is a holiday worldwide, but the busiest time at work for you. When does your year start? Actually we get Christmas wish lists all year long. Children have wishes all throughout the year but it really gets going in October.

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How Procurement Can Add Value To Supplier Master Data Management

ivalua

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line.

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Getting The Most From Your E-Sourcing Software

ProcurePort

What Is E-Sourcing? E-sourcing software is essentially a secure, web-based tool created by procurement professionals and entrepreneurs alike to assist procurement businesses around the globe. E-sourcing software helps procurement firms reduce costs, centralize information, ensure consistency and provide instantaneous feedback. An industry currently worth almost $6 billion and projected to increase to nearly $8 billion […].

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December 2019 Automation Hero: Per Risfors of Exsitec

EazyStock

Per Risfors, organizational consultant at Exsitec, has helped many SMBs improve their processes and optimize workflows with automation. That is why Per is December’s Automation Hero. Name: Per Risfors. Title: Organizational consultant and solution architect. Company: Exsitec – IT solution specialists including ERPs, integrations and mobile solutions.

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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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The Supply Chain Detective™ and the Inventory Turnover Mystery!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! The company I had just joined went to market declaring that it was a world leader in Distribution and Logistics. As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company.

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Five Ways Your Warehouse Will Benefit From a Supply-Chain Audit

Supply Chain Brain

From grand-scale, end-to-end supply-chain inspections to the examination of discrete warehouses tasks, audits can provide vital data for achieving multiple objectives.

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eInvoicing Standards Continue to Push the AP Revolution

Jaggaer

With Brexit , trade wars , economic crises and recessions, 2019 has been far from boring. One of the measures governments often take to address tough economic conditions, by strengthening the collection of indirect and customs taxes, is to implement electronic invoicing mandates. New mandates announced or implemented in the last year include Italy , Greece and India , with more on the horizon.

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Ivalua Now Washington DC Journey to Procurement Excellence 4-6 May, 2020

ivalua

The post Ivalua Now Washington DC<br> Journey to Procurement Excellence <br> 4-6 May, 2020 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.