October, 2021

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Cloud-Based Procure to Pay Solution

ProcurePort

Businesses today have a sizable number of cloud-based procure-to-pay solutions to pick from. The trend towards cloud-based enterprise solutions has gathered pace quickly over the last decade. 36% of organizations today utilize at least one Software-as-a-Service product in their workflow. Cloud-based software allows businesses of all sizes to benefit from complex and sophisticated solutions that […].

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Ivalua partners with TransferMate to eliminate the financial friction from cross-border trade

ivalua

The payment process required for international trade is complex, expensive and high risk for both suppliers and buyers. The partnership with TransferMate removes this friction, creating a transparent, rapid and low-cost solution to paying suppliers anywhere in the world. Redwood City, CA, October 25, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces a partnership with TransferMate, the leader in global B2B payments infrastructure as a service.

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Top 6 Challenges Facing Supply Chain Executives in 2022

SCMDOJO

COVID-19 was nothing short of a Black Swan event for supply chains, causing rippling disruptions that continue to affect global markets. While some of these struggles will play themselves out over time, others are more permanent, signaling a paradigm shift in the way we think about supply chains of the future. It’s forcing a change. Continue reading.

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Network-Based Planning Will Lead Supply Chains Out of Crisis

Supply Chain Brain

To be competitive in the years ahead, companies must deploy disruptive technology architecture that provides a single, real-time source of truth for all trading partners.

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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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6 Ways to Reduce Employee Turnover!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Boost Employee Engagement in Supply Chain! Employee turnover article and permission to publish here provided by Michael Mckay. Working in supply chain management can be difficult at all levels. Regardless of whether you’re a frontline worker managing packaging, a truck driver transporting goods, or senior management monitoring budgets, the supply chain has a lot of moving parts.

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Integrated Business Planning: A New Narrative for an Old Process

Supply Chain Trend

PREVIEW. Integrated Business Planning (IBP) has been a valuable business process since its incarnation as Sales & Operations Planning in the mid-1980s. The monthly cycle of S&OP meetings has been the forum in which a firm’s forecasts have been presented and reconciled across functional areas. Authors Niels van Hove and Hein Regeer explain that while planning and forecasting technologies have benefitted from significant innovations since then, today’s IBP seems unhinged from the day-to-da

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Retail Recovery: 4 Ways Procurement Can Unlock Savings and Add Value

ivalua

Retailers have faced a tough year in the last 12-18 months, and while recovery seems to be in progress, they still have some work to do. During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Procurement teams will continue to play a significant role in helping retail businesses find their footing as they not only commit to new ways of doing business, but look to optimize spend, c

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6 ERP Implementation Failure Reasons – by an ERP Expert

SCMDOJO

With my background of 15+ years as an ERP-SAP-PROJECT MANAGER and previous 20 years in SCM both in India and Overseas. I would like to state the following ERP Implementation Failure Reasons. You will also find this article written by Dr. Muddassir Ahmed useful – 9 Drowning ERP Implementation Risk Factors You Need to be. Continue reading. The post 6 ERP Implementation Failure Reasons – by an ERP Expert appeared first on SCMDOJO.

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Biden Confronts Supply Chain Crisis Stretching Past His Grip

Supply Chain Brain

President Biden wants to break a logjam at U.S. ports and stave off a holiday season of shortages and delays — bottlenecks that officials and stakeholders say extend far beyond the reach of the White House.

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Seasoned Leadership in Action™ – An Interview with Fiona Lowbridge, VP at ALOM!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ” Interview series at Supply Chain Game Changer. This interview is with Fiona Lowbridge, Vice President of Client Success at ALOM.

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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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Making sense of the Gartner Magic Quadrant for Procure to Pay 2021

Purchasing Insight

The Gartner Magic Quadrant for P2P speaks for itself. Coupa shines – again. No surprise there. The post Making sense of the Gartner Magic Quadrant for Procure to Pay 2021 appeared first on Purchasing Insight.

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Automated Invoice Processing Software: How it Works

ProcurePort

Automated invoice processing software is the electronic process of extracting the invoice data that are entering a system and seamlessly inputting this data in your accounts payable or ERP systems, allowing payments to be issued within minutes or seconds. Automated invoice processing often includes the automation of specific invoicing functions. The most automated areas in […].

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Beeline and Ivalua Partner to Optimize All Corporate Spend through an Integrated Solution

ivalua

New partnership will allow seamless management of external workers and contingent staffing within a single source-to-pay suite. JACKSONVILLE, FL–(10/7/2021) – Beeline , the leading technology solution provider for managing the extended workforce, and Ivalua , a global leader in cloud Spend Management solutions, announce a partnership which incorporates contingent staffing into the total procurement spend solution. .

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World of Procurement Community on Discord

World of Procurement podcast

World of Procurement is now live as a virtual community on Discord. I set this Discord Server up in secret in March time, and only the legendary Procurement Doctor, Karthik Rama, was in there with me. Big thanks to Karthik for getting involved at the start. I wanted to create a safe space, full of diverse people, to talk about Procurement, Supply Chain and Contract Management.

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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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Global Port Gridlock Threatens Economies Everywhere

Supply Chain Brain

Global ports are growing more gridlocked as the pandemic era’s supply shocks intensify, threatening to spoil the holiday shopping season, erode corporate profits and drive up consumer prices.

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3rd Party Integrations That Could Improve Your Supply Chain

Supply Chain Game Changer

3rd party integrations article and permission to publish here provided by Christopher at On The Map Marketing. Strategic Supplier Relationship Management – Do’s and Don’ts. You have just started an online business and you want your store to be user-friendly and loaded with great products. One of the most important things to running a business is to manage your supply chain effectively and consider 3rd party integrations, or partnerships.

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How does your in-house procurement system compare to world class?

Purchasing Insight

Any mature, modern organisation should have a long hard look at itself if it is still using an in-house built procurement system. The post How does your in-house procurement system compare to world class? appeared first on Purchasing Insight.

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What is 3-way matching and why do you need to implement it?

ProcurePort

A 3-way matching process is the comparison of a purchase order with the goods receipt note and supplier invoice before honoring said invoice. It determines whether a payment should be made, in full or in part. The primary reason for implementing a 3-way matching process is to reduce the likelihood of fraudulent payments being made. […]. The post What is 3-way matching and why do you need to implement it?

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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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Key Takeaways from Forrester’s CSR Study (Plus Checklist!)

ivalua

In light of global trends and issues such as climate change and the Covid-19 pandemic, organizations are under increasing pressure to be socially responsible. More than ever, customers are looking to associate themselves with brands whose values align with social responsibility, sustainability, and social justice issues. New legislation and regulations that support these imperatives are adding to the urgency for businesses to adopt and execute on corporate social responsibility (CSR) initiatives

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Automation Hero October 2021: TerraSana

EazyStock

Wouter van der Zwaan, Finance and IT Manager at TerraSana Natuurvoeding BV, was looking for a solution to improve his company’s capabilities in terms of inventory optimization. After careful evaluation, TerraSana decided to integrate EazyStock with their existing ERP. EazyStock was rapidly implemented, and TerraSana quickly saw results. Now, instead of managing their inventory manually in Excel spreadsheets, EazyStock automatically calculates reorder points and quantities and recommends pu

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The Hard and Soft Savings That Come With Digitally Connected Supply Chains

Supply Chain Brain

As demand continues to shift to the omnichannel and e-commerce, supply chain strategies must proactively recognize any disruptions that threaten to undermine on-time and in-full (OTIF) order requirements.

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Cardano Cryptocurrency Price Predictions!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Cryptocurrencies Beyond Bitcoin! Cardano cryptocurrency article and permission to publish here provided by Jean Nichols. You might have heard that the leading digital currencies have faced some volatility in their price during the year 2021. But the thing is, a lot of the most popular crypto coins have emerged to have powerful positive momentum in the cryptocurrency market.

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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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Always Get a “YES” in your Supply Chain Operations with Concurrent Planning

Solvoyo

“Yes” is a powerful word. We all enjoy hearing the answer “Yes” to all our requests, especially in business. But is it possible to receive a positive response all the time? Unfortunately not. The reason behind this is the trade-off concept which is at the core of almost all business decisions. Supply Chain is a …. Continue reading "Always Get a “YES” in your Supply Chain Operations with Concurrent Planning".

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The Procure-to-Pay Process Flow Explained

ProcurePort

Are you keen to understand the procure-to-pay process flow? Well, before we dive into what P2P is and its procurement process benefits let’s first define the term. In this way, we’ll be on the same page. Let’s get started. What is Procure to Pay? The Chartered Institute of Procurement and Supply (CIPS) provide us with […]. The post The Procure-to-Pay Process Flow Explained appeared first on ProcurePort Blog.

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Ivalua Recognized as a Leader In The Forrester Wave™: Contract Lifecycle Management For Buy-Side Contract Suites, Q4 2021

ivalua

The post Ivalua Recognized as a Leader In The Forrester Wave™: Contract Lifecycle Management For Buy-Side Contract Suites, Q4 2021 appeared first on Ivalua.

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Building the Business Case for Enhancing Procurement Operations

NLPA (Next Level Purchasing Association)

Continuously enhancing procurement operations should be a priority in many industries. Procurement and supply operations are critical to an organization’s mission and competitive advantage. It is essential to have the ability to make a persuasive pitch as this is essential to procurement success. Your ability to make a meaningful change will be severely limited if you are unable to convince management to support your ideas or invest in your initiatives.

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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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These Three Actions Are Critical to Future Supply Chains, Gartner Says

Supply Chain Brain

The research company identified three main actions that supply chain leaders can take to improve today’s most pressing issues: disruption, climate change and employee fatigue.

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Gene Simmons’ Cardano Investment Has More Than Doubled!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Cardano Cryptocurrency Price Predictions! Cardano investment article and permission to publish here provided by Jean Nichols. If you love rock music, you must have heard about Gene Simmons. He is truly a rock god, even though he plays the role of a demon in his band KISS. The band which came into existence in the 70s still rocks out the crowd.

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Always Get a “YES” in your Supply Chain Operations with Concurrent Planning

Solvoyo

“Yes” is a powerful word. We all enjoy hearing the answer “Yes” to all our requests, especially in business. But is it possible to receive a positive response all the time? Unfortunately not. The reason behind this is the trade-off concept which is at the core of almost all business decisions. Supply Chain is a … Continue reading "Always Get a “YES” in your Supply Chain Operations with Concurrent Planning".

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Procure to Pay: Best practices in six key points

ProcurePort

The procure-to-pay (P2P) process in any organization begins with the identification of needs and ends with the payment of suppliers and maintenance of proper records. A lot of work happens in between, and proper controls must be in place to prevent errors, fraud, and to build strong relationships with suppliers. A lot of innovation has […]. The post Procure to Pay: Best practices in six key points appeared first on ProcurePort Blog.

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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.