September, 2020

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The Next Chapter for the Supply Chain: The 3 most important topics shaping the future

All Things Supply Chain

No-one could have predicted over a year ago that a global pandemic would shut down economies all over the world; throw supply chains into chaos due to panic buying and…

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Invoice Hub – the Next Horizon for AP Automation

ivalua

My journey in Accounts Payable started back in 1998, when I worked on my first Accounts Payable automation solution combining scanning, OCR and workflow. It was a fun project and it felt like the first step towards something more powerful. After this came the next AP Automation project, and ever so slowly, innovation just became the norm, now it’s legacy Invoice Processing.

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MRO Spend Metrics Procurement Needs to Focus On

ProcurePort

No matter the business, and no matter the industry, money is what keeps the gears grinding and the wheels turning. As such, companies that have a stronger sense of control over their cashflow have a leg up on their competitors. This includes being able to dictate funds where they’re needed most, and address the companies […]. The post MRO Spend Metrics Procurement Needs to Focus On appeared first on ProcurePort Blog.

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UltraShipTMS’s New Integration Partnership with Samsara for Fleet Tracking

Supply Chain Collaborator

UltraShipTMS, the enterprise logistics management platform built for (and used by a growing roster of) high volume shippers is pleased to formally announce the successful integration with Samsara telematics and fleet tracking technology. This development augments the powerful UltraFleet management module of UltraShipTMS. The latest in a string of integrations with leading supply chain management technologies and applications, the Samsara integration is designed to support the creation and updat

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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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How to Conduct a Spend Analysis in Seven Steps

Jaggaer

JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. A spend analysis allows you to do just that. Here, we’ve outlined the seven steps necessary to conducting a proper spend analysis. Step One: Identify. Identify all the sources available for your spend data, from all of your departments, plants and business units.

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How Carriers and Shippers Will Navigate an Unpredictable Peak Season

Supply Chain Brain

Every year around this time, carriers, distributors and logistics providers gear up for the coming peak holiday shopping season, on which shippers depend for a large portion of their annual revenue. This year, however, is different, thanks to the coronavirus pandemic and resulting economic freefall.

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John Cockerill selects Ivalua spend management to digitize all procurement processes and cover all spend in one single system

ivalua

Ivalua’s ease of integration, flexibility to cover a diverse range of activities across multiple geographies and a seamless user adoption experience are key drivers in streamlining John Cockerill’s transformation journey. Massy, September 15, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that its procurement software platform has been selected by John Cockerill to digitize all procurement processes and manage all spend globally, thus optimizi

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What Does Procurement Mean for your Organization?

ProcurePort

Every organization is different, unique, and has specific needs. Any one organization could very well need to source a spectrum of tasks and activities to other companies, or vendors. These vendors then fulfill the terms of the contract, therefore providing the company whatever it was they needed in order to move forward. That could be […]. The post What Does Procurement Mean for your Organization?

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E-Commerce Needs These Supply Chain Systems !

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Why don’t you have a TMS (Transportation Management System) Solution yet? Supply Chain Systems article and permission to publish here provided by Dave Joseph at veridian.info. E-commerce will continue to grow significantly through 2020 and beyond. As evidenced by the most recent peak shipping season , the need for effective, high-quality logistics and warehouse management has never been higher.

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Why Cognitive Automation makes IBP more Agile and more Strategic

Supply Chain Trend

A common IBP cycle has a monthly cadence providing an – up to 24 months – forward view of a business. It is often supported by a weekly control cycle, sometimes called Sales & Operations Execution (S&OE). This cycle plans demand & supply in more detail and over a shorter horizon, often around 12 weeks. IBP is data and resource hungry.

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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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FedEx Seeks to Add Small Self-Flying Planes for Remote Areas

Supply Chain Brain

FedEx Corp. is looking at using small self-flying cargo planes to serve remote areas after experimenting with a technology startup on autonomous aircraft.

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5 Tips to Keep Your Material Handling Equipment Running Smoothly

All Things Supply Chain

The global supply chain depends heavily on material handling equipment. Therefore, when a machine goes down, operations can quickly grind to a costly halt.

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The Benefits of Procure-to-Pay

ivalua

Companies that process massive amounts of invoices must have clear policies and procedures in place. It is imperative that any organization has procedures and systems in place to minimize bureaucracy, error, risk and inefficiencies. A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables pro

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What Kind of Vendor Risk Management System Do You Have in Place?

ProcurePort

Data and personal information are two of the most valuable commodities in the marketplace today. Demonstrated by the massive international scandals related to global politics over the past 5 years, it’s evident that an individual’s data and information is almost as good as gold. Procurement departments deal with some of the most sensitive information that […].

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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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Featuring Our 12 Best Change Management Articles!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Nothing can be accomplished and no vision can be realized without leadership. But even the best leaders know that any goal that they are trying to achieve will inevitably mean some level of change. They need Change Management. This change may manifest itself in changing business processes, changing job responsibilities and roles, changing organizations, changing infrastructure, changing products and services or even completel

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Disruptions are Inevitable – Do You Have a 360° View of Your Suppliers?

Jaggaer

Think about how much has changed in the last six months – supply chains halted, delayed orders, even entire business shutting down. Unfortunately, when it comes to macroeconomic disruptions like this, it’s not a matter of if but when. Disruptions are going to strike again – don’t get blindsided. It’s arguably never been more important to have a 360° view of your suppliers than it is right now.

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Supply-Chain Awareness Is Growing at America’s Top Companies

Supply Chain Brain

Mentions of “supply chain” have grown nearly 30% in the past five years, according to annual reports from S&P 500 companies.

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Discovering the Importance of Cold Chain Logistics

All Things Supply Chain

Back in the late winter / early fall of 2020, the whole world became intimately familiar with the detailed innerworkings of the supply chain profession.

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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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86% of UK businesses face barriers developing digital skills in procurement

ivalua

A shortage of digitally savvy talent, and a lack of training for technical and soft skills, hinder digital procurement initiatives. 24th September 2020, London – Research from Ivalua, a leading provider of global spend management cloud solutions, has shown that a majority of UK businesses (86%) face significant barriers developing digital skills in procurement.

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Enhancing Your Contract Management System for 2021

ProcurePort

Whenever there are a variety of moving parts that all have to work seamlessly together – systems and processes can become convoluted. Procurement teams have to operate similarly to that of a clock. Each piece a cog, whose function affects the entirety of the clock. Contract management is one of the most important aspects in […]. The post Enhancing Your Contract Management System for 2021 appeared first on ProcurePort Blog.

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Freight Mode Optimization

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What’s the Difference Between Freight Management and Logistics Management? Freight mode optimization article and permission to publish here provided by Adam Robinson at FreightWaves.com. The ability to unlock freight optimization and gain meaningful insights to monitor, measure and improve supply chain management is more critical than ever.

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Unleash the Power of AI to Unlock the Potential of Procurement Enterprise

Jaggaer

As technologies like AI and RPA continue to establish a firm position in the mainstream, they are driving a fundamental change in businesses across sectors, globally. Marketing, operations, product design, and finance are just some of the areas transformed by intelligent application. Now, as companies start to seek, and create competitive advantages, the procurement function is in the spotlight.

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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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Watch: Is Mexico 'The New China' for Manufacturers?

Supply Chain Brain

Trade consultant Nelson Balido, principal of Balido & Associates, outlines what Mexico's government must do in order for that country to become an attractive alternative for manufacturing products destined for U.S. consumers.

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The Future Trends In The Supply Chain Industry

All Things Supply Chain

The year 2020 marked not just the start of a new year, but also a new decade.

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The Benefits of Procure-to-Pay

ivalua

Companies that process massive amounts of invoices must have clear policies and procedures in place. It is imperative that any organization has procedures and systems in place to minimize bureaucracy, error, risk and inefficiencies. A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables pro

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Purchase Order Requisition Software Developments for Your Procurement Team

ProcurePort

In most technologically saturated markets, there are going to be constant developments. This is certainly the case in the context of procurement. Because the procurement department is so large and comprehensive in it’s functionality, departments often make use of a multitude of softwares. Making use of multiple softwares comes with it’s fair share of pros […].

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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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Process Based Inventory Turnover Improvement!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Order our EBOOK HERE. Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability.

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3 Strategies Every Executive Must Deploy

The Network Effect

The post 3 Strategies Every Executive Must Deploy appeared first on The Network Effect.

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‘Boxing Clever’: Realizing the Benefits of Intelligent Cartonization

Supply Chain Brain

Cartonization is getting more attention from businesses as rising volume demand and shipping restrictions drive up costs, and as warehouses surge-hire less-experienced packers to keep up.

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How Does Last-Mile Delivery Affect Your Ecommerce Brand?

All Things Supply Chain

The eCommerce industry continues to grow, and it is estimated that in 5-10 years consumers online shopping will surpass shopping in stores.

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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.