September, 2022

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7 Purchasing Negotiation Strategies Every Buyer Should Use

ProcurePort

• In procurement, the balance of power can shift towards the suppliers for many reasons. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • In other cases, demand far outweighs supply, making it hard for buyers to negotiate. Such circumstances make it important for procurement teams […].

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Operational Procurement — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. Operational Procurement — Everything You Should Know. Operational procurement sustains every business to do its daily operation. But many people are not familiar with this term. . Do not worry if you do not know operational procurement as this article will help you understand it.

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The Top 8 Supply Chain Superpowers! - Supply Chain Game Changer™

Supply Chain Game Changer

Supply Chain professionals discretely exercise a set of Supply Chain Superpowers that make extraordinary contributions every single day.

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The Best Strategies for Ensuring On-Time Deliveries

All Things Supply Chain

Today’s consumer industry prioritizes efficiency more than anything else.

Strategy 245
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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Episode 81: How to Persuade Anyone, Anytime with Simon Horton

Una

Episode 81: How to Persuade Anyone, Anytime with Simon Horton. By Kelly Barner | September 7, 2022. The power of persuasion is at play all the time and in all settings. Sometimes it is as simple as swaying a group of friends to agree with your restaurant preference, but other times there is far more at stake. Hostage negotiators and diplomats regularly find themselves in situations where their skills are needed to save lives and preserve stability.

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[Pod] Procurement 6 – September 02, 2022

Art of Procurement

Procurement 6 is a new short podcast from Art of Procurement that will be published in the Art of Procurement. The post [Pod] Procurement 6 – September 02, 2022 appeared first on Art of Procurement.

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Louis DeJoy is transforming the Postal Service. Can the agency compete with FedEx and UPS?

Supply Chain Dive

The U.S. Postmaster General isn’t afraid of making big changes. But keeping pace with private parcel carriers is a tall order for the beleaguered agency, experts say.

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Supply Chain's Moment of Truth Has Arrived! - Supply Chain Game Changer™

Supply Chain Game Changer

As we emerge from the pandemic Supply Chain is facing its moment of truth. Do we go back to old ways or start the Supply Chain Renaissance.?

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3 practical benefits of a circular supply chain

Strategic Sourceror

Nations, states, businesses and institutions aren't the only ones "going green" nowadays — supply chain processes are as well. From eco-friendly warehouses to logistics entities investing in all-electric trucks to help with carbon emissions reduction, organizations aren't just advocating for sustainable supply chain practices, they're carrying them out by practicing what they support.

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Episode 82: Winning at the Game of Risk with Rohit Hajela

Una

Episode 82: Winning at the Game of Risk with Rohit Hajela. By Kelly Barner | September 14, 2022. The speed of change is so fast these days that we are living in the future already. As a result, risks from cybersecurity and ransomware are increasing – as are the costs and business implications associated with them. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Rohit Hajela.

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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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[Pod] Setting the Standard for Procurement in Western Africa w/ Steve Ashcroft

Art of Procurement

“Perhaps I shouldn’t say this in a public sphere, but within our class of multilateral development banks, my ideal is. The post [Pod] Setting the Standard for Procurement in Western Africa w/ Steve Ashcroft appeared first on Art of Procurement.

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How AI Technology Can Improve Inventory Management

Supply Chain Brain

There’s a pressing need to make inventory management more flexible, resilient and stable. Many companies are turning to artificial intelligence as a solution.

Inventory 142
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Automakers race to build EV battery supply chains in North America

Supply Chain Dive

Auto companies are pouring billions of dollars into new facilities and supplier agreements as they strain to secure needed raw materials.

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How Smart CEOs Leverage Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! Being a CEO is tough enough, let alone how difficult it is if you don’t have all of the skills and knowledge needed. Many CEOs have a background in Finance or Sales and Marketing or Engineering, or are just entrepreneurs. But few have in-depth experience in Supply Chain, let alone understand how to leverage Supply Chain.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Challenges And Opportunities In The Food & Beverage Industry

The Thomas Blog

The Food and Beverage Services Global Market Report expects the global market to grow from $3.2 trillion in 2021 to $3.7 trillion in 2022. It's a promising outlook, given that just a few years ago, Fortune reported an $18 billion loss for the top 25 U.S. food and beverage companies. As the newer generations move away from processed foods in favor of seeking healthier alternatives with cleaner labels, companies are adapting and pressing forward — t hat trend continues to grow at an excessive pace

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Ingredient shortages taking toll for food manufacturers

Strategic Sourceror

From cereal staples like Cheerios to snack treats like Ho-Hos and Ding Dongs, pantry staples are beloved by grocery buyers because they know what they're getting with each bowl or individually wrapped snack cake. And the companies that make them know exactly how much sugar, flour, grain and other ingredients these foods must have to churn out the packaged goods customers have eaten their entire lives.

Export 104
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Audria Allies on Advocating for Yourself and Other Women in Supply Chain

Let's Talk Supply Chain

Over the last three years, we’ve all seen the human side of supply chain as frontline workers and supply chain leaders have found solutions to keep communities thriving through a decade defined by constant disruption. Between climate-driven events, COVID closures, and continually growing talent gaps, the human side of supply chain is an important element that needs to come into focus—both the impacts of supply chain disruption on consumers, their communities, and families.

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No Time for Final-Mile Complacency

Supply Chain Brain

Congestion and inflation appear to be easing and schedule reliability has improved, but market signals suggest more of a lull in the current supply chain chaos than an end in sight.

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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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Railroads cut service in preparation for potential strike

Supply Chain Dive

Shippers are calling on Congress to intervene if railroads cannot reach an agreement with two of the largest unions by the end of the week.

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The Importance of Cloud Storage in Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How Cloud Computing Can Help Supply Chain! The supply chain industry is changing at an alarming rate as new technological innovations launch. Cloud storage is one of the technologies that have significantly revolutionized supply chain management. This page will look at ways in which cloud storage has impacted the supply chain sector.

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Episode 83: Creating a Delightful Customer Experience with Sarah Kaye

Una

Episode 83: Creating a Delightful Customer Experience with Sarah Kaye. By Kelly Barner | September 21, 2022. There are differences in procurement by industry, company, and even between direct and indirect procurement, but each team or individual still has an opportunity to make meaningful contributions to the customer experience. Active listening and focusing on what really moves the needle can keep procurement focused on what matters most.

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Port of LA urges shippers to return as operations return to normal

Strategic Sourceror

Of the United States' over 900 shipping ports, the Port of Los Angeles is the country's largest. In addition to being the entire continent's busiest, the LA authority has maintained this distinction for more than 20 years in a row, moving more shipping containers annually than any other at 9.2 million. But for the better part of two years now, the Port of Los Angeles has been the most problematic port, beset by supply chain pinch points and bottlenecks that have beleaguered the busin

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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The Voice of the Supplier Survey

HICX

As Dr. Elouise Epstein puts it, the way in which we work with suppliers simply has to change. Recent events have shown that ‘ supplier experience ’ is behind other areas, such as Customer experience (CX) and this can be damaging. It means that suppliers can often face unnecessary administrative burden, poor information sharing and slow communications.

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Four Emerging Supply Chain Jobs of the Future

Supply Chain Brain

There's been a a dramatic leap in awareness of the importance of supply chain management, one that will come with many opportunities for both employees and employers.

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Safety issues incubate disaster in food and beverage supply chains

Supply Chain Dive

An Abbott formula recall and a Family Dollar rodent infestation underscore how systematic failures can compromise safety.

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7 Ways the Right Pallet Racking Optimizes Warehouse Efficiency!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Pallet Racking Selection! Are you thinking of streamlining your warehouse operations to increase efficiency and productivity? If so, worry no more as this guide gives practical insights on selecting the right pallet racking , which is critical to optimizing your warehouse efficiency.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Redefining the Value Proposition of Procurement

Una

Redefining the Value Proposition of Procurement. By Hugo Britt | September 15, 2022. For Director of Global Sourcing for Medline Industries Brian Chaplin, being a sourcing hero means listening, learning, and taking action. “ It’s about being an active listener, being able to learn… and then driving change. That’s key for me. The people that I think are heroes are able to put aside what they think and truly listen to buyers, purchasing managers , and senior managers, and really learn from t

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3 reasons why supply remains tight for food retailers

Strategic Sourceror

For food retailers, be they major supermarket grocery chains or one-location mom-and-pop shops, supply chain disruptions come with the territory. Unexpectedly elevated demand, weak harvests for berries and melons or unreliable wholesalers leave shelves spotty and customers disappointed from time to time. But rarely have so many food retailers encountered supply chain challenges all at once, despite being long removed from the worst of the pandemic.

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The complete guide to corporate travel management

Spendesk

Business travel can be hellish to manage. With employees flying all over the world, there are flights to book, accommodation to arrange, and an endless list of miscellaneous costs and tasks to keep on top of.

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Podcast | Five Steps to Building a Resilient Supply Chain

Supply Chain Brain

So you’ve locked in your supply chain plan and network design? Good luck with that. In today’s global supply chains, unpredictability has become — well, predictable.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.