June, 2020

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Autonomous vehicles in logistics part 1: Opportunities and risks

All Things Supply Chain

Higher reliability, improved performance, and reduced costs: the expected benefits of automation have made it one of the most important industrial trends.

Logistics 291
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Ivalua Launches Pre-Packaged Spend Management Solutions for Financial Services

ivalua

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

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 […].

Sourcing 179
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Bringing It All Back Home – OTR TMS Supports Reversion to Regional Manufacturing

Supply Chain Collaborator

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”.

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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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Another Attempt to Produce Rare-Earth Minerals in the U.S.

Supply Chain Brain

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.

Sourcing 144
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Where Should Supply Chain Time Be Spent After the Pandemic?

Supply Chain Game Changer

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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Achieving Healthcare Transformation, Powered by Supply Chain

ivalua

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.

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Sourcing vs Procurement: Covering the Pros and Cons

ProcurePort

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.

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There’s Something Happening Here (With Truck Drivers, Logistics Planning)

Supply Chain Collaborator

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.

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How AI and Blockchain Can Minimize Supplier Complexity

Supply Chain Brain

Companies are drawing on data intelligence to simplify supplier onboarding, enable deeper collaboration and create new value for customers.

Suppliers 134
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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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Coronavirus Series – Inventory Management Challenges & Solutions

EazyStock

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.

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Supply Chain Resilience – Four measures get supply chains into shape

All Things Supply Chain

The coronavirus pandemic has damaged many supply chains and, in some cases, even caused them to collapse altogether.

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Procurement Technology – What it can and can’t replace in a Manufacturer’s Journey Towards Supply Chain Resilience and Agility

ivalua

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.

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Contract Manager Responsibilities to the Procurement Team

ProcurePort

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 […].

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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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What is 5G? And What Does it Mean for Supply Chain?

Supply Chain Game Changer

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.

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What Supply Chains Can Learn From Military Planners in Times of Crisis

Supply Chain Brain

This three-step process used by U.S. armed forces can identify, analyze and mitigate threats to an organization.

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Adapting Pharmaceutical Companies’ Distribution and Supply Networks

Jaggaer

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.

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Autonomous vehicles in logistics part 2: Current developments

All Things Supply Chain

Flying cars have not been invented yet, which, if it were for “Back to the Future”, they would have appeared in 2015.

Logistics 237
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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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Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

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.

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Using Tail Spend Management to Your Procurement Advantage

ProcurePort

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.

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Time to Rethink Sourcing Rare Earth Elements

Supply Chain Game Changer

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

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The Silver Lining of COVID-19: A Call for U.S. Manufacturing

Supply Chain Brain

The pandemic has offered the biggest wakeup call for American manufacturers since World War II.

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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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Procurement's Skills Needed for the Digital Age – Martin Smith from Talent Drive

The Procuretech Podcast

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.

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Learning Logistics During COVID-19 Lockdowns

All Things Supply Chain

While working from home is not usually the norm for many people, it has become the “new normal” due to the coronavirus pandemic.

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Ivalua: Caring For Our Employees During This Unsettling Time

ivalua

Happy Friday! The last couple of months have been tough for everyone and have been filled with lots of worries for many of us. It has, however, also given us the time to reflect on many things. One thing in particular our team has been reflecting on is how great Ivalua has been in making sure we all as employees have been looked after and supported during these unprecedented times.

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Purchase Requisition Policies and Procedures Explained

ProcurePort

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 […].

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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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Sustainable Packaging is Here to Stay!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Supply Chain Carbon Footprint Reduction Strategy. Sustainable Packaging article and permission to publish here provided by Erich Lawson. Do you know what all big brands have in common? Eco-friendly packaging! Well-known brands all over the globe have made slight modifications to their packaging to cater to conscious and educated consumer needs.

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Three Ways to Adapt Supply Chains in the Age of COVID-19

Supply Chain Brain

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.

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Medical Supply Industry Challenges & Solutions

EazyStock

It’s no secret that the medical industry is facing major challenges worldwide due to Coronavirus. Medical and healthcare workers are stretched thin and at risk of infection themselves. Money and resources are tight. From manufacturing all the way through the supply chain to user, medical supplies have particularly been affected in terms of both demand and availability.

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Our current supply chain concept is failing: why change has got to come in 2020

All Things Supply Chain

So called “Supply chain fails” happen regularly.

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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.