June, 2022

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Everything You Need to Know About the Infant Formula Supply Chain Shortage

All Things Supply Chain

The continuing effects of the global coronavirus pandemic are being felt in unexpected ways. Across the United States right now, desperate parents are coping with a nationwide baby formula shortage.

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What Steps Are Included in the Procurement Process to Ensure Quality?

ProcurePort

• The goal of procurement is to keep up with an organization’s emerging product and supply chain needs to meet the business’s end goals. • Procurement is a strategic process involving identifying, selecting, negotiating, and settling contracts with suppliers. But what is the purpose of procurement? • Procurement aims to purchase the highest-quality products at […].

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Managed print services RFP: Guide, tips and template

RPF360

Explore this blog to learn about selecting a managed print services provider. From key definitions, how to use RFP software to help, a template and to how to write a managed print services RFP, you'll find what you need here. The post Managed print services RFP: Guide, tips and template appeared first on RFP360.

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‘Emission’ Impossible – 4 Steps to Kickoff your Decarbonization Strategy

ivalua

In recent years, sustainability has increasingly become a top priority for many organizations. The UN Climate Change Conference UK 2021 (COP26) resulted in another wave of agreements and net zero commitments. Many businesses, governments, and consumers are now acutely aware of the importance of taking action to prevent climate change. One of the UK’s net zero pledges requires listed UK businesses to release public plans for reaching climate change targets by 2023.

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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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CPO Spotlight: Richard Trower

Procurement Heads

According to Raconteur’s report in The Sunday Times on the Future of Supply Chain & Procurement, constant problems in the supply chain have proved a real headache for many businesses over the past two years. And, as firms struggle to deal with a succession of disruptions, the role of the CPO is becoming even more important, with a share of CPOs citing the below activities as focus areas (American Productivity & Quality Center, 2022): 42% Vendor/supplier relationship management 29%

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World Procurement Congress & Awards 2022 – back with a bang!

Procurement Leaders

The power of real-life connection is very hard to beat. As I reflect on a few days onsite, there is one word that comes to mind: celebration , with figurative and literal fireworks all round. We are quickly becoming familiar with a landscape of political, economic, social and climate unrest, plus unpredictable global events. Our world is tumultuous to put it mildly, so challenging the status quo can seem scary.

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What’s Inspiring Supply Chain Leaders Now

ProcurePort

• The coronavirus pandemic is nearly over. Global supply chains are gradually getting back to their former efficiency and economies are beginning to pick up. • All of this is of course welcome news for a lot of supply chain leaders for whom the past two years have been nothing short of a nightmare. With […]. The post What’s Inspiring Supply Chain Leaders Now appeared first on ProcurePort Blog.

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Impact investing: RFP tips for institutional investors

RPF360

Investment committees and institutional investors can designate a subset of their assets to influence and enable social change. Explore how to get started with an impact investing RFP including information about the practice, how to use RFP technology to enable you and questions to include in your next asset management RFP. The post Impact investing: RFP tips for institutional investors appeared first on RFP360.

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Ivalua Partners With C2FO to Complete the Strategic Payments Journey and Enhance Access to Capital

ivalua

By connecting with C2FO’s network, the partnership will enable Ivalua customers to more intelligently control and manage cash flows, driving growth and better supporting their suppliers. Redwood City, CA, June 28, 2022 – Ivalua, a global leader in Cloud Spend Management solutions, today announced a strategic partnership with C2FO , the largest global platform for working capital, to empower Ivalua customers with enhanced supplier selection and the ability to streamline costs and drive targeted b

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Procurement Heads announce new strategic partnership

Procurement Heads

Sarah Walters, Director of Aster , said, “This is a particularly exciting partnership for Aster as we feel there is a great cultural fit between ourselves and the amazing team at Procurement Heads. . “We share the ethos that our clients are at the heart of everything we do and both organisations are set up to provide a depth and breadth of expertise and capabilities that ensure we can meet their needs.” .

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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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How to get a job in procurement

ABC of Procurement

Many people got laid off during the Pandemic. Many still struggle to get a new job. Here is what I noticed, both as a job seeker and hiring manager. The post How to get a job in procurement first appeared on ABC of Procurement.

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How to Minimize Disruptions in the Supply Chain When Upgrading Technology

All Things Supply Chain

Technology upgrades can provide various benefits and may be necessary to stay ahead of the competition. However, new systems and tools can also disrupt daily operations.

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How to Overcome the Top 3 Challenges to an Effective Digital Supply Chain

ProcurePort

• In many companies, customer-facing activities have been digitized much faster than supply chain operations. The procurement of maintenance, repair, and operation items for manufacturing enterprises and inventory for trading companies can benefit immensely from digitization. • Other functions such as financial analysis, human resource management, and customer service have improved massively from the insights […].

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RFP360 ascends to a leading position in G2’s Grid for Strategic Sourcing

RPF360

RFP360 has been named a leader and momentum leader in the Summer 2022 G2 Grid Reports. The honor is based on customer feedback and market presence. Customer reviews highlight RFP360's benefits including improved efficiency, increased productivity and enhanced collaboration. Read more in the full press release here. The post RFP360 ascends to a leading position in G2’s Grid for Strategic Sourcing appeared first on RFP360.

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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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It Pays to Partner! Ivalua + C2FO: A Powerful Strategic Payments Pair

ivalua

With new accelerated payment capabilities, users can more readily capture supplier discounts, support growth, and strengthen the supply chain. . It Pays to Partner! Read our FAQ to get acquainted with our newest C2FO Partner collaboration! Why is this new C2FO partnership important? Ivalua: The C2FO partnership offers expansive growth and liquidity opportunities to our customers.

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Interim Talent Spotlight #4

Procurement Heads

My core goals are in the transformation of an organisation’s finance and purchasing processes. This ranges from category management, business process reengineering to cost management, and the implementation of end-to-end ERP systems. I’ve completed five end-to-end PTP transformations across healthcare, FM, telecoms, utilities and entertainment.

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High Speed 2’s approach to building supply chain transparency

Procurement Leaders

Challenge. HS2 is Britain’s new high speed rail line being built from London to the North-West, with zero-carbon trains linking Scotland with Manchester, Birmingham and London. It is the largest infrastructure project in Europe and the most important economic and social regeneration project in decades. HS2 Ltd. was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of po

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7 Advantages of 3PLs for Packaging Operations of Ecommerce Businesses

All Things Supply Chain

As your business thrives and offers more products and services, you’ll eventually determine whether or not you’ll outsource shipping and fulfillment operations.

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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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Types of Sourcing Strategies in Procurement

ProcurePort

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. • Today, supply chain and transportation costs amount to 60% to 70% of total sales, depending on the company and industry. • So, it’s advisable to put considerable time into designing a procurement strategy […].

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How to write an RFP: 5 key tips, sample RFP templates and tools

RPF360

Writing a RFP is a key business practice that allows issuers to identify the right vendor to solve their biggest challenges. But creating an effective RFP is no easy task. Fortunately, there are best practices you can follow. The post How to write an RFP: 5 key tips, sample RFP templates and tools appeared first on RFP360.

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5 Strategies to Establish Supply Chain Continuity

ivalua

Get up to speed with the newest changes and learn what it takes to enable effective, scalable supplier collaboration –including how to reduce risk, improve supply chain visibility, and build operational resilience and responsiveness. Ivalua’s latest eBook is the foundation for a smarter, more resilient supply chain. Download now and learn how to: Build a Solid Data Foundation.

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The Big Interview with Gavin Long

Procurement Heads

How did you get into procurement? Quite some years ago, fresh out of school, I took the first job that was offered to me having moved down to the south coast and it was in the insurance industry. I was busy learning how to do household claims and gradually started to look around and wonder if there was more to life than insurance! I gradually learned more about the supply chain that supported the insurance industry and that companies were being used to dry out properties when there had been a fl

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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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PMI’s approach to collaborating cross-functionally to transform its new product strategy

Procurement Leaders

Challenge. Procurement teams can have all the right people, skills, systems and processes in place, but without the right connections and relationships with the rest of the business the function can still fail to meet its potential and deliver against the needs of the wider organisation. That was a challenge identified by the procurement team at the electronics division of Philip Morris International (PMI).

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Supply Chain Weekly Wrap-Up 06/03/2022-06/09/2022

All Things Supply Chain

Shanghai supply chain struggles start to ease but challenges remain Logistics experts have reported that activity has returned to about 80% of levels seen before Shanghai’s COVID-19 lockdowns, showing signs…

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5 Ways to Measure Purchasing Performance

ProcurePort

• Purchasing performance measurement is incredibly important for organizations. A cost reduction in procuring new goods and services can allow enterprises to position their end products and services competitively, thus impacting the bottom line. • In recent years, procurement teams have played a strategic role in most organizations. A key driver of this shift has […].

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Can NFTs Be an Effective Tool for Supply Chain Visibility?

Supply Chain Brain

To date, the stampede for non-fungible tokens has largely centered on the “ownership” of images, works of art and similar kinds of digital files. So what does this latest manifestation of the virtual universe have to do with the everyday reality of supply chain management?

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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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Migros, A World’s Top 40 Retailer, Selects Ivalua to Digitize its Indirect Source-to-Pay Process

ivalua

Redwood City, 22 May, 2022. Ivalua, a global leader in spend management , today announced that it has been selected by Switzerland’s Migros Cooperative Retailing to support its wider digital transformation strategy with Ivalua’s comprehensive source-to-pay (S2P) solution for the retailers’ indirect spend. Migros is Switzerland’s largest retailer and employer and ranks among the world’s top 40 retailers and Fortune500 brands.

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Jobs being created as Heads Resourcing moves to new Hedge End home

Procurement Heads

Heads Resourcing Group, which comprises of Procurement Heads, HR Heads and Executive Heads, is expecting to double its team following the move after 18 months of continued success. The company, which was founded in 2008, will continue to retain its office presence in Winchester. Rupert Gaster, Founder and Managing Director of Heads Resourcing Group, said, “The new office at Burlington House in Hedge End is a great space for the team to collaborate and grow together.

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T-Mobile’s approach to boosting diversity throughout the supply chain

Procurement Leaders

Challenge. Like an increasingly large number of companies, T-Mobile sees huge potential benefits from increasing the diversity of its supply base – for two particular reasons: As society becomes more diverse, those companies which do not invest in diversity, equity and inclusion (DEI) initiatives risk being left behind, while those that do can have a positive impact on their customers, suppliers, employees and communities.

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Retail futures: How to harness data to revolutionize inventory management

All Things Supply Chain

Covid-19 lockdowns accelerated a shift to online shopping that was already well under way. According to the Adobe Digital Economy Index, consumers now spend an average of $6.

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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.