May, 2022

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The impact of the European energy crisis on supply chains

All Things Supply Chain

The topic of energy has been widely discussed since the climate crisis began, and now, energy is experiencing a crisis of its own, due to the current events happening in…

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Friends not Foes, Supplier Relationships Made to Last

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance.

Suppliers 246
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What is Sourcing Process in Procurement – A Complete Guide to Sourcing Processes [2022]

ProcurePort

• Sourcing is the process of finding the most suitable suppliers of goods and services to a company. When sourcing, a business has to consider the following constraints: cost, profit margins, and competitiveness. • The right supplier must offer a good enough price so that the acquiring business can make a profit margin by trading […]. The post What is Sourcing Process in Procurement – A Complete Guide to Sourcing Processes [2022] appeared first on ProcurePort Blog.

Sourcing 246
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CBRE and Zurich’s approach to boosting spend with diverse suppliers and social enterprises

Procurement Leaders

Challenge. Like an increasing number of companies, property services giant CBRE recognises the value of using procurement to drive social impact through spending with diverse suppliers and social enterprises. As well as helping to create a more equal society, this can also drive improvements in resilience and innovation, and enhance a company’s attractiveness to clients with similar social goals.

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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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No-Code Platforms for Supply Chain – All You Need to Know

SCMDOJO

Modern enterprises rely on supply chain software to track several activities, including manufacturing and distribution of goods. However, most of these systems were created before web technologies existed or were in their infancy. Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ).

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Got Supply Chain Woes? Try Getting Flexible in These Three Areas

Supply Chain Brain

When shipping rates began to rise at the start of the COVID-19 pandemic, there was hope that the situation would be short-lived. Unfortunately, two years later, it has become clear that shipping issues are here to stay. .

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#1! Are you a Supply Chain Digital Champion?

ivalua

Digital Champion Best Practices. In today’s dynamic business environment, consumer behavior and expectations are changing dramatically. As the demands on supply chains continue to increase, so do the expectations of consumers. Most consumers are conducting their own research before making decisions, buying across multiple channels and expecting customized products and services.

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Vendor Management for Dummies

ProcurePort

• A vendor management system provides efficiency, reduces operational costs, and extends a collaborative approach to improving products and services. • Managing vendors is a central part of any procurement process. Despite the criticality of vendor management in modern supply chains, organizations are yet to deploy vendor management systems. Tips to Help You Understand Vendor […].

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Pan American Health Organization’s digital endeavours to increase procurement speed and efficiency

Procurement Leaders

Challenge. Automation promises to hugely streamline the job of procurement, eliminating tedious administrative work and ultimately allowing the function to move faster and focus on more strategic priorities. That was the aim of the Pan American Health Organization (PAHO), a specialised international health agency for the Americas, when it turned to robotic process automation (RPA) as it faced up to the unprecedented challenge of helping countries throughout the Americas in their response to the

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The Single Point of Failure in Supply Chain – Baby Formula!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – The Suez Crisis! There are over 3.5 million births in the United States every year. That is a lot of babies who need baby formula. With such a large number of births you would expect that there would be a steady, well established industry supporting the supply of all needs for new mothers, babies and their families.

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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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Supply Chains Flare Up Again, Endangering Global Recovery

Supply Chain Brain

Global supply chains are knotting up from China to Denmark, sparking re-examinations of things as macro as globalization itself and micro as trucking efficiency around American ports.

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Supply Chain Weekly Wrap-Up 05/06/2022-05/12/2022

All Things Supply Chain

Drug producers supplying NHS face supply chain crisis The National Health Service (NHS) in the United Kingdom is facing a shortage of medicines which are relied on by hundreds of…

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EMEA Procurement Transformation Study: Innovation & Sustainability

ivalua

The post EMEA Procurement Transformation Study: Innovation & Sustainability appeared first on Ivalua.

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Effective Sourcing Processes within a Firm Can Improve Profits for the Firm

ProcurePort

• The sourcing function within any organization is part of the broader procurement efforts. The sourcing function ensures that the organization is getting its products from the most suitable suppliers. • If possible, the sourcing function should influence the supply market through engagement with suppliers for mutually beneficial relationships. • An effective sourcing strategy considers […].

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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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Intelligent IBP – a new role for supply chain planners

Supply Chain Trend

Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. This traditional IBP is not set up for a fast-changing world, where speed of decision making confers a competitive advantage. Intelligent automation will change this. In this series of blogs, I will discuss the transition of traditional IBP towards a more intelligent IBP.

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11 Benefits of Working in A Coworking Space!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Shared Working Spaces are Great for Business Growth! Are you tired of working in isolation? Is your office space too small or big and empty? It’s time to change your working environment and look for a coworking space near you. Coworking space is fast replacing the conventional offices where you have to fit in a cubicle to focus on your work.

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AI in Supply Chain: Five Things to Prioritize

Supply Chain Brain

To cope with the seemingly never-ending supply chain crisis, business leaders are turning to artificial intelligence to make strategic business decisions. .

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Three examples of how sustainable companies are using green technology

All Things Supply Chain

With global efforts to raise awareness about climate change on the rise, more and more consumers are checking the eco credentials of the companies that they buy from.

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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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Gaining Competitive Advantage via Holistic Supplier Management

ivalua

The post Gaining Competitive Advantage via Holistic Supplier Management appeared first on Ivalua.

Suppliers 130
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Top 6 Challenges in Procurement and How to Overcome Those

ProcurePort

• Procurement was long regarded as an administrative function. But it’s slowly emerging to be a strategic and a critical component of any organization. Today, more than ever, procurement has immense potential to impact different areas of expenditure and affect the bottom line. • Business leaders and managers must remember that procurement can best deliver […].

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The Endless Complexities of the Ocean side of Supply Chains

SCMDOJO

Each year around 700 million TEUs are shipped across the world keeping global trade and businesses running and more than eighty percent of global goods trade volumes are carried by sea, with about a sixth of that volume in shipping containers. The advent of containerization heralded a revolution in cargo handling techniques, the ramifications of which are still influencing maritime trade all over the world today.

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6 Ways to Protect Your Business from Ransomware Attacks!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Why Cyber Security is Important! As a business owner, you need to be aware of the threat of ransomware which holds data hostage in exchange for payment. This form of malware is not new. So, why is it even more important to protect your data against this type of threat? The pandemic has prompted a surge in digitization in the last couple of years: more people work remotely, and we use the internet to hold meetings and exchange

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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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Eight Warehouse Implementations That Improve Importing and Exporting

Supply Chain Brain

Even in our brave new world of pandemic disruptions, the most important steps to improve import and export performance are the ones that focus on the fundamentals.

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Event Review: Procurement & Supply Chain LIVE

All Things Supply Chain

On 27th-28th April 2022 I had the opportunity to attend Procurement & Supply Chain LIVE, an event hosted by BizClick Media Group.

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APAC Study: Mitigate Logistics and Supply Chain Disruptions

ivalua

The post APAC Study: Mitigate Logistics and Supply Chain Disruptions appeared first on Ivalua.

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The Role of Procurement and Supply Chain in Manufacturing Companies

ProcurePort

• Manufacturing shop floors convert resource inputs into finished outputs. Finished products are packaged and distributed to wholesalers, hypermarkets, retailers, and consumers. • The procurement function in manufacturing ensures that the right products, services, and supplies are procured at the best price. • The procurement function manages the end-to-end process of procuring materials and resource […].

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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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Your supply chain network is only as good as what you can do with it

The Network Effect

The post Your supply chain network is only as good as what you can do with it appeared first on The Network Effect.

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Smart Manufacturing: 5 Factors That Make Your Factory Smart!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Industry 4.0 – Smart Manufacturing of the Future! (Infographic). The manufacturing industry has been changing rapidly, aided by the newest software systems and machinery. Consumers continue to demand customized products, adding to the challenge of low-cost production. Manufacturers have been forced to look hard at their production methods, labor costs, and transportation expenses, among numerous other areas throughout t

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Physical, Financial Visibility: A Dual Approach to Supply Chain Resilience

Supply Chain Brain

Many observers in the global supply chain and logistics industries are eagerly awaiting a restabilization of supply and demand. But it’s time to bust the myth of a “return to normal.”.

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Supply Chain Ask an Expert- With Matthew Wittemeier

All Things Supply Chain

Ocean freight is a key element of cross-border trade allowing huge volumes of goods to be transported across the world.

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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.