Our current supply chain concept is failing: why change has got to come in 2020
All Things Supply Chain
JUNE 29, 2020
So called “Supply chain fails” happen regularly.
June, 2020
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Ivalua Launches Pre-Packaged Spend Management Solutions for Financial Services
ivalua
JUNE 24, 2020
Best practice financial services procurement capabilities now available for rapid deployment. Redwood City, CA June 25, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged suite of solutions for financial services. The new packages span the full source-to-pay process and enable financial services customers to become more agile with regulatory compliance and accelerate cost optimization to deliver further value to
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What is a Source to Pay Process? Your Procurement Guide
ProcurePort
JUNE 10, 2020
A source to pay process, or S2P, is a more comprehensive and robust version of a procure-to-pay process. While procure-to-pay processes usually begin with identifying internal needs and submitting departmental requisitions, the source to pay process takes this a step further and adds a higher-level element into the procurement operation. Rather than beginning with departmental […].
The Silver Lining of COVID-19: A Call for U.S. Manufacturing
Supply Chain Brain
JUNE 3, 2020
The pandemic has offered the biggest wakeup call for American manufacturers since World War II.
GEP Spend Category Outlook Report 2025
Advertiser: GEP
2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.
Bringing It All Back Home – OTR TMS Supports Reversion to Regional Manufacturing
Supply Chain Collaborator
JUNE 25, 2020
Will the trend toward a return to “regional manufacturing” boost volumes in over the road transportation in North America as manufacturers move away from Asian overseas operations? American manufacturers are adapting to significant modulation in the nature of their supply chains as market forces and current global events promote operating “closer to home”.
Where Should Supply Chain Time Be Spent After the Pandemic?
Supply Chain Game Changer
JUNE 23, 2020
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! The Coronavirus pandemic has disrupted every aspect of our lives and the global economy. From shortages of toilet paper to personal protective equipment (PPE) to lockdowns of businesses and channels of every form, Supply Chain has been at the epicentre of this disruption and it has consumed all Supply Chain time.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
More Trending
Achieving Healthcare Transformation, Powered by Supply Chain
ivalua
JUNE 29, 2020
The healthcare provider world is facing tremendous strain as a result of the pandemic. I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. On the flip side, the pandemic has highlighted the long standing need for digital transformation within healthcare.
Sourcing vs Procurement: Covering the Pros and Cons
ProcurePort
JUNE 30, 2020
When it comes to securing inventory there are two main approaches that companies can take. The first is known as sourcing – which is mainly applied to direct goods inventory. The second is procurement, which is more aligned with indirect inventory supplies. Simply put, sourcing is a strategy that is meant for companies who stock […]. The post Sourcing vs Procurement: Covering the Pros and Cons appeared first on ProcurePort Blog.
Another Attempt to Produce Rare-Earth Minerals in the U.S.
Supply Chain Brain
JUNE 1, 2020
American companies across the board are striving to reduce their dependence on China as a source of manufacturing, but one industry sector is especially keen to bring production back to the U.S.
There’s Something Happening Here (With Truck Drivers, Logistics Planning)
Supply Chain Collaborator
JUNE 4, 2020
There are striking similarities between today’s civil unrest and the late 1960s when Buffalo Springfield wrote the iconic song, “ For What It’s Worth ” referenced in the title of this post. For good or for ill, truck drivers seem to always play an integral role during these challenging times, serving as a flash point for the consciousness of America.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Coronavirus Series – Inventory Management Challenges & Solutions
EazyStock
JUNE 24, 2020
The Coronavirus pandemic has highlighted many weaknesses in supply chains across the globe. Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. It’s already apparent that those supply chain management (SCM) teams that can adapt their operations and respond quickly to these issues will be one step ahead of their competition.
Autonomous vehicles in logistics part 1: Opportunities and risks
All Things Supply Chain
JUNE 1, 2020
Higher reliability, improved performance, and reduced costs: the expected benefits of automation have made it one of the most important industrial trends.
Procurement Technology – What it can and can’t replace in a Manufacturer’s Journey Towards Supply Chain Resilience and Agility
ivalua
JUNE 4, 2020
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis.
Contract Manager Responsibilities to the Procurement Team
ProcurePort
JUNE 24, 2020
Each team member of the procurement department is going to have a specific role in the procurement process. Staffing the procurement team with informed individuals who are capable, knowledgeable, and take ownership of their roles within the department is important in building an effective, and efficient procurement team. Each individual involved in procurement should have […].
From Reactive to Resilient: Charting Your Supply Chain Maturity
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In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.
What Supply Chains Can Learn From Military Planners in Times of Crisis
Supply Chain Brain
JUNE 1, 2020
This three-step process used by U.S. armed forces can identify, analyze and mitigate threats to an organization.
Our 2020 Top 10 List!
Supply Chain Game Changer
JUNE 30, 2020
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. As we continue on in our 4th year here at Supply Chain Game Changer we have realized some exciting milestones. We have exceeded 3 million views across the Website, LinkedIn and Twitter. We have had over 100 guest contributors to our site supporting our goal of sharing experiences and expertise.
Adapting Pharmaceutical Companies’ Distribution and Supply Networks
Jaggaer
JUNE 23, 2020
Pharmaceutical companies have complex supply chains that are often not optimized to their full potential. Pharmaceutical materials must be closely monitored as they go through the pipeline, bringing a unique set of challenges. From source materials to distribution, the supply network must be carefully streamlined to produce the best results possible.
How Technology Can Make Supply Chains Resilient in a Post-Pandemic World
All Things Supply Chain
JUNE 24, 2020
The need for real-time tracking, accurate and timely delivery systems makes supply chain management ripe for technological innovation.
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?
Be Prepared: Improving Supplier Risk Management In Your Business
ivalua
JUNE 10, 2020
The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. It’s no excuse to remain passive, though. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. A reliable supply chain can decrease purchasing and production costs for manufacturers and sellers.
Using Tail Spend Management to Your Procurement Advantage
ProcurePort
JUNE 17, 2020
Did you know that 80% of the transactions in a typical American procurement department are tail spend? Father of Modern Management, Peter Drucker once said, “You can’t manage what you don’t measure.” Tail spend as we know is spend that is not actively managed and may lead to all sorts of financial difficulties for procurement […]. The post Using Tail Spend Management to Your Procurement Advantage appeared first on ProcurePort Blog.
The End of Single-Source Supply Chains
Supply Chain Brain
JUNE 11, 2020
In a post-COVID-19 world, no smart company can rely solely on China for its manufacturing.
What is 5G? And What Does it Mean for Supply Chain?
Supply Chain Game Changer
JUNE 9, 2020
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? There was a time not that long ago when there were no cell phones or smart phones. Now they are literally billions of smartphones and cell phones. This doesn’t even include the number of desktops, laptops, tablets, and all other internet enabled electronic devices.
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
The Consumer-Direct Strategy Part 2: How to Strengthen Your Direct to Consumer Supply Chain
The Network Effect
JUNE 2, 2020
The post The Consumer-Direct Strategy Part 2: How to Strengthen Your Direct to Consumer Supply Chain appeared first on The Network Effect.
Autonomous vehicles in logistics part 2: Current developments
All Things Supply Chain
JUNE 8, 2020
Flying cars have not been invented yet, which, if it were for “Back to the Future”, they would have appeared in 2015.
Procurement digitalization: Lessons learnt and outlook | TIME: 2:00 – 3:30 PM (GMT +4)
ivalua
JUNE 29, 2020
The post Procurement digitalization: Lessons learnt and outlook | TIME: 2:00 – 3:30 PM (GMT +4) appeared first on Ivalua.
Purchase Requisition Policies and Procedures Explained
ProcurePort
JUNE 15, 2020
There are many elements to be aware of as a procurement team. Understanding each and every step in the process is integral to building a successful, comprehensive, and efficient procurement process. There are many industry specific and market-unique variables involved in procurement that can alter how an individual company employs procedures. However, grasping the high-level […].
The Evolution of Control Towers to Command Centers
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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.
Three Ways to Adapt Supply Chains in the Age of COVID-19
Supply Chain Brain
JUNE 2, 2020
The best way to deal with volatile conditions is to know what’s happening in real time at the most vulnerable touchpoints of your supply chain.
Time to Rethink Sourcing Rare Earth Elements
Supply Chain Game Changer
JUNE 17, 2020
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Strategic National Stockpiles and Sourcing for the National Interest! Rare Earth Elements article, and permission to publish here, provided by Joe Carson and Shubho Chatterjee. It’s amazing how quickly $4 trillion dollars can change a conversation. With the onset of the COVID19 pandemic, and the resulting supply chain fallout , many have speculated on how the U.S. found itself so reliant on a foreign country, mainly China, bu
Procurement's Skills Needed for the Digital Age – Martin Smith from Talent Drive
The Procuretech Podcast
JUNE 24, 2020
Although it may not seem that way as we emerge from Covid-19, the war for talent is just about to get real. The thing is, it's the war for the right talent. If you're in a fairly generic, operational procurement role then I HIGHLY recommend you listen to this episode and take ACTION before you find yourself in a role that's becoming obsolete, thanks to the unstoppable march of technology and automation.
Learning Logistics During COVID-19 Lockdowns
All Things Supply Chain
JUNE 15, 2020
While working from home is not usually the norm for many people, it has become the “new normal” due to the coronavirus pandemic.
GEP Outlook Report 2025
Advertiser: GEP
For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic
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