May, 2019

article thumbnail

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

article thumbnail

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.

Suppliers 104
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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

More Trending

article thumbnail

How the Circular Economy Improves the Brand Experience

Supply Chain Brain

Consumers with a high degree of social and environmental awareness will change their behavior and brand choices to match their values. Yet most brands operate on a linear “make, use and dispose” business cycle.

92
article thumbnail

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.

article thumbnail

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.

article thumbnail

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

article thumbnail

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.

article thumbnail

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

article thumbnail

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

Contract 150
article thumbnail

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.

article thumbnail

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

article thumbnail

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

article thumbnail

The Time I Hired a Cat to Walk My Dog – The Art of Negotiation

Ms. Category Management

The time I hired a cat to walk my dog. ridiculous right? Thinking you're an expert in one area makes you an expert in another is just as ridiculous. Especially when it comes to negotiations.

article thumbnail

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.

article thumbnail

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!

article thumbnail

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.

Contract 147
article thumbnail

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.

article thumbnail

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.

111
111
article thumbnail

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.

article thumbnail

The One Thing Freight Brokers Need to Focus on for Success

The Network Effect

In the logistics and transportation industry, several components come together to ensure consumers and businesses get the products they need. The post The One Thing Freight Brokers Need to Focus on for Success appeared first on The Network Effect.

article thumbnail

PRESS RELEASE: 2019 Sustainable Purchasing Leadership Award Winners Announced

SPLC (Sustainable Purchasing Leadership Council)

FOR IMMEDIATE RELEASE May 22, 2019. Sustainable Purchasing Leaders Recognized in Portland. Leading organizations acknowledged for effective and impactful sustainable purchasing. CONTACT: Sarah O’Brien, Director of Programs and Acting CEO, SPLC sarah@sustainablepurchasing.org 802 233 1478 (m). . PORTLAND OR – On Wednesday, May 22 nd , 2019 the Sustainable Purchasing Leadership Council (SPLC) recognized seven organizations and two individuals at the Council’s annual Summit in Portland for their s

article thumbnail

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.

article thumbnail

May 2019 Automation Hero: Elsante Mnzava of Mkenga Group

EazyStock

EazyStock’s Tanzania-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? . Thank you for the award and I’d also like to thank customers and employees for really teeing-up this company for further growth and success!

article thumbnail

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.

Suppliers 145
article thumbnail

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.

article thumbnail

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.

article thumbnail

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

article thumbnail

Managing Outsourcing Risk: A New Framework for Banking and Beyond

Jaggaer

In recent years there has been an increase in the outsourcing of services by banks in order to reduce costs and improve their efficiency and flexibility. Outsourcing makes it possible to take advantage of economies of scale and is a form of easy access to new technologies and to tools and services not available in the institution itself. However, it can also have serious drawbacks.

Risk 40
article thumbnail

Worker Insights to Drive Action: How to Operationalize Worker Voice Using Technology

SupplyShift

Last month’s worker voice piece by SupplyShift highlighted the change management groundwork needed to occur within an organization, driven by internal champions and a collective desire to learn from their workforce – whether direct employees or across their global supply chain. But once ripples turn into tides, organizations need practical and scalable tools to operationalize worker voice.

article thumbnail

3 Ways Excess Stock Can Put The Brakes On Your Profits

Slimstock

If you’re rolling a new hybrid CUV off the assembly line or chrome-plating exhaust tips for the aftermarket, the automotive industry runs on parts. In 25 years of working with manufacturers and distributors, we know that demand planning and inventory optimization are evergreen topics in the auto industry. Reducing excess stock can be a major speed bump because it requires coordinating management, finance and supply chain teams, and this is double true if you’re ordering from a spreadsheet.

article thumbnail

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.

Suppliers 145
article thumbnail

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.