May, 2019

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Ivalua Paints a Great Procurement Picture at Ivalua NOW Chicago 2019

ivalua

“We have this long-term strategy of building a very big company with a fantastic product that we can offer to the market. And this is our vision,” . Ivalua CEO David Khuat-Duy on Tuesday kicked off Ivalua NOW 2019 Chicago, at the Renaissance Chicago Downtown Hotel and welcomed hundreds of customers, prospects and partners. The event was themed on “The Art of Procurement” relating to how the further procurement leaders mature in their transformations, the more their approach shifts from science t

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A Wine and Spirits Marketer Seeks Proof of Blockchain

Supply Chain Brain

Few industries stand to benefit from blockchain technology more than the wine and spirits business.

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The Digital Transformation in Logistics: Technologies, Barriers and Predictions!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Digital Supply Chain (SC 4.0) Overview! What You Need to Know! (Video). Article written for Supply Chain Game Changer by, and permission to publish here provided by, Andrei Klubnikin at at R-Style Lab. According to a recent survey conducted by Forbes Insights , 65% of logistics, supply chain and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in ord

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How Businesses Benefit from an Integrated S2P Software Solution

Jaggaer

Source-to-Pay software or, simply put, S2P is an integrated suite of applications developed to take care of and manage each and every process within the procurement function. A typical S2P solution can effectively manage purchasing activities that range from spend analysis, e-auctions, purchase requisitions, sourcing events, invoice and payment processing and vendor relations.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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The Supply Chain of Tomorrow is Here Today

Supply Chain Collaborator

If you’re not pursuing supply chain digitization, you run the risk of being left behind! For many organizations, all the data created by today’s disparate supply chain management technologies exist in separate silos. The data is the lifeblood of digitization and these siloes are ripe for convergence. Early adopters are well on their way to realizing the amazing benefits and competitive advantage of digitization.

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Ten Pillars of an Effective Network Platform

The Network Effect

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Blockchain and Edge Computing: Supercharging the Supply Chain

Supply Chain Brain

Emerging technologies like predictive analytics, augmented reality and blockchain have the potential to transform supply-chain operations. Leading the charge for businesses in the digital age: edge computing.

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The Clothing Supply Chain – From the High Fashion Runway to Landfill!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Food Waste and World Hunger – The Food Supply Chain is Broken! (Videos). Every 3-6 months my wife and I accumulate a bag full of clothing that we no longer wear. We take it to the local Goodwill or Salvation Army. In our minds we believe that we are contributing to help those who want gently used clothing.

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How Banks Can Improve Transparency in Procurement for Better Compliance

Jaggaer

Banking is a unique industry in many respects. It’s one of the most profitable, but also one of the most competitive. Procurement in Banking also faces unique challenges due to the tough regulatory compliance environment that sets limits on how Banks can achieve goals like cutting costs. But there’s another aspect, often overlooked, that sets the banking industry apart.

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4 Reasons for Carrying Safety Stock Inventory

EazyStock

You’re a manufacturer who is working on an order when you realize that you’re out of a necessary component due to a sudden increase in demand, meaning you’ll have to order that part and wait until you receive it to finish the order for your customer. Or maybe you’re a distributor who just received a regular order from a customer only to realize that your supplier is experiencing a longer lead time than usual for some unforeseen reason, and you won’t be able to fulfi

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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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7 Amazing Fun Facts about Category Managers

Ms. Category Management

7 (Seven) Fun Facts about Category Managers that you may not have known!

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Contract Data Management With AI

ivalua

Christopher Bourez, Artificial Intelligence Architect at Ivalua. Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. One significant area of Artificial Intelligence is language understanding, also called machine reading comprehension (MRC), and the new technologies in this field lead the way for thousands of new applications, such as sourcing, tre

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What Does the Automated Warehouse of the Future Look Like?

Supply Chain Brain

The global warehouse robotics market is expected to reach $6bn by 2025.

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How to Avoid Bottlenecks in Your Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Digital Transformation in Logistics: Technologies, Barriers and Predictions! Article and Infographic, and permission to publish here, provided by Marc McCormack at straightnorth.com. It’s easy to visualize your supply chain as a river, flowing from one point to another. Along the way, it can branch out into various tributaries — but like running water, any item in the supply chain will find its way to its destination even

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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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Opportunity cost of transactional activity in Procurement

Claritum

Claritum Article - Procurement Blog. Contents. 1. Introduction. 2. Key transactional areas of Procurement. 3. Strategic focus areas of Procurement. 4. Automation to reduce Transactional Activity. 1 Introduction. If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? Perhaps, opportunities to drive profitability within your organisation; develop environmental or ethical initiatives; or engage with suppliers to develop stronger bus

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4 Reasons for Carrying Safety Stock Inventory

EazyStock

You’re a manufacturer who is working on an order when you realize that you’re out of a necessary component due to a sudden increase in demand, meaning you’ll have to order that part and wait until you receive it to finish the order for your customer. Or maybe you’re a distributor who just received a regular order from a customer only to realize that your supplier is experiencing a longer lead time than usual for some unforeseen reason, and you won’t be able to fulfi

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Bull in a China Shop – #WSW

Ms. Category Management

Ms Category Management explains what a Bull in a China shop should really mean.

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Contract Analysis leveraging AI – A Technical Overview

ivalua

Christopher Bourez, Artificial Intelligence Architect at Ivalua. Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repository. Over the last year, Ivalua’s AI team has been hard at work buil ding an AI layer across the platform.

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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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Walmart Is Tightening OTIF Requirements. Can Suppliers Step Up Their Game?

Supply Chain Brain

Suppliers are scrambling to meet Walmart’s tighter standards for delivery performance — and they can expect the giant retailer to keep raising the bar.

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The Inevitable Future of the Internet of Things (IoT)!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Internet of Things (IoT) – Welcome the Digital Supply Chain! Article written for Supply Chain Game Changer and permission to publish here provided by Rachel Stinson. The Internet of Things — IoT, for short — is made up of devices that connect to the internet and share data with each other.

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The Claritum team is growing

Claritum

Claritum Article - Procurement Blog. Bath, UK (May 23, 2019) – Claritum, a provider of cloud based spend management solutions, today announced the addition of new talent into the team. “We continue to grow our team with the best of the growing pool of West of England talent.” said Prof. Richard Hillum, Executive Chairman at Claritum.“These are exciting times for Claritum as we continue to grow and establish our position as a leading force in Procurement automation.

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May 2019 Automation Hero: Elsante Mnzava of Mkenga Group

EazyStock

EazyStock’s Tanazia based Partner Elsante Mnzava helps distributors in Africa become more competitive with automated processes. Congratulations on the award! Can you please tell us a little about yourself and the work you do Elsante? . I thank you for the award and I also thank my customers and employees for really teeing up this company for further growth and success!

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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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Nightmare IT Negotiations

Ms. Category Management

MsCategoryManagement blogs about IT Sourcing and Nightmare Negotiations.

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A Look at Direct v. Indirect Supplier Management in Three Industries

ivalua

Doug Keeley, Product Marketing Manager, Ivalua. The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Whether spend is direct or indirect, supplier information should be maintained centrally and with a high level of accuracy.

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Transforming Your Supply Chain Into an Opportunity Center

Supply Chain Brain

Last year, supply-chain disruptions hit a record high, with North America at the top of the list as the most affected region.

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The Ultimate Guide to Pick and Pack Methods!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. From Click to Ship in 4 Minutes! … Principles for World Class E-Commerce Fulfillment! Article originally published by, and permission to publish here provided by, Jake Rheude at redstagfulfillment.com. A lot more goes into successful order fulfillment than shelves of neatly stacked products.

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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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5 Solutions to Common eCommerce Supply Chain Management Challenges

Solvoyo

The post 5 Solutions to Common eCommerce Supply Chain Management Challenges appeared first on Solvoyo.

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5 Ways to Tell You’ve Outgrown Excel

Slimstock

How to know when your business is ready to upgrade from spreadsheet forecasting and ordering. For many business folks, Excel is synonymous with demand planning and ordering inventory. It’s often the go-to choice because of its familiarity and seeming ubiquity. There’s a good chance that the computer you’re reading this article on right now has Excel installed, or access to something similar from Google or Open Office.

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10 Things to Avoid When Networking

Ms. Category Management

10 things to avoid when networking from Ms. Category Management at mscategorymanagement blog.

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The Keys to Successful Digital Transformation – You Must Spot the Differences

ivalua

Alex Saric, CMO, Ivalua. As procurement faces an ever-growing list of objectives, digital transformation becomes ever more critical. With resources flat or declining, the only way to accomplish more is to free capacity through automation and improve the quality and accessibility of information for faster, better decision-making. As user expectations for a consumer-like purchasing experience grow, providing intuitive, self-service eProcurement with access to all content is essential.

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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.