April, 2020

article thumbnail

Practical Advice to help Procurement Weather the Pandemic

All Things Supply Chain

Seemingly overnight, every procurement professional’s top priority has become helping their company get through the COVID-19 pandemic and start preparing for the business conditions that are to follow.

article thumbnail

Understanding Contractual Rights and Obligations During a Crisis

ivalua

In a previous blog we discussed the mounting humanitarian crisis that the Coronavirus, also known as COVID-19, had sparked globally and discussed considerations and steps organizations should take to mitigate the impact from disrupted supply chains. How things have changed in the six weeks since we first discussed this issue with COVID-19 impacting the global community in ways many of us have not seen or imagined personally and professionally.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Supplier Performance Can Directly Relate to Company Success

ProcurePort

No matter what business your company engages in, maintaining suitable suppliers is key to success. If you have suppliers performing poorly, your business is likely to yield poor results and vice versa. How Supplier Performance Affects Company Success There are three main ways in which the performance of suppliers affects company success. These include: 1. […].

Suppliers 130
article thumbnail

Now, a Different Kind of Epidemic: Force Majeure Claims

Supply Chain Brain

The coronavirus pandemic has brought chaos to supplier-buyer relations the world round, resulting in widescale invoking of the contract-breaking clause known as force majeure.

Buyers 136
article thumbnail

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.

article thumbnail

A TMS Tale of Two Food Shippers – Which Describes Your Evolutionary State?

Supply Chain Collaborator

The Summer 2020 issue of Food Shippers of America Magazine has dropped. Editors here at the Digital Supply Chain Collaborator blog noted a striking contrast when reviewing this issue. Specifically, the issue published two articles addressing the use and utilization of TMS platforms by food shipping organizations. One article focused on explaining the basic, historical benefits of implementing TMS for the first time.

article thumbnail

A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. We are all instructed to keep 6 feet apart from anyone, wear masks, and avoid any social gatherings and don’t touch.

More Trending

article thumbnail

Supplier Motivation, A Key Component of Supplier Management

ivalua

As we have already seen in a former blog , enterprises often fail at maximizing the value of collaborating with smaller companies. Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. They miss the huge opportunity of co-innovating with these businesses, especially startups, by failing to take a differentiated approach.

Suppliers 147
article thumbnail

3 Contract Management Security Risks to Prioritize

ProcurePort

We all know that the procurement business can be tough, and one of the toughest parts of it is recognizing the biggest security risks in contract management. Vendor contracts are a top priority for anyone in procurement. The trick is to avoid contract management security risks while providing the necessary level of transparency. Here’s what […].

article thumbnail

How Digital Solutions Are Creating More Resilient Supply Chains

Supply Chain Brain

The solutions that have worked in the past — increasing inventory, adding capacity at different locations and diversifying suppliers — are just scratching the surface when it comes to having a truly resilient supply chain.

article thumbnail

5 Steps to Protect Logistics Operations from COVID-19 Disruption

Supply Chain Collaborator

Though it is an added stressor at this precarious moment, the time will never be more appropriate to take action toward improving enterprise logistics processes. Here are five ways shippers can protect logistics operations during the pandemic and promote improvement that lasts well into the recovery and beyond. Identify Potential Risks. The current crisis highlights the sobering reality – that disruptions can and will occur with regularity.

article thumbnail

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.

article thumbnail

The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Don’t Panic! Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank.

article thumbnail

The end of globalization? – How global supply chains (must) change after the Covid-19 pandemic

All Things Supply Chain

The ongoing corona crisis is causing a worldwide breakdown in public and social life.

article thumbnail

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere , a healthcare supply chain GPO based in St. Louis, Mo., has gone live with Ivalua’s Source to Contract solution.

Contract 147
article thumbnail

Identifying and Mitigating Supply Chain Risk in the Age of COVID-19

Jaggaer

The raging COVID-19 epidemic has presented the world with a “once in a century” moment of reckoning. With an ever more connected global economy, and almost instantaneous n ews transmission, the impact of global health has multiplied since the last global (SARS) epidemic in 2003. Just as the human body needs its vital organs function ing well to stay alive and fight a deadly disease, s upply c hain is a critical vital organ keeping the global economic engine running.

article thumbnail

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

article thumbnail

How the Automotive Logistics Industry Is Confronting COVID-19

Supply Chain Brain

Auto companies are rethinking their 2020 supply-chain strategies to cash in on new market opportunities, maintain competitive advantages, and cut costs to weather the coronavirus pandemic.

Logistics 111
article thumbnail

Automation Hero April 2020: Shamil Patel from Allparts

EazyStock

Shamil Patel , Director at Allparts , has driven the change from using “paper and pen” to now using an automated tool for inventory optimization. This has resulted in more satisfied customers and healthier stock. That’s why he’s EazyStocks’s Automation Hero for April ! . Name: Shamil Patel. Title: Director. Company: Allparts. Congratulations on winning the award, Shamil!

article thumbnail

Supply Chain Visibility Has Never Been More Important!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Toilet Paper Supply Chain! In the midst of the Coronavirus pandemic the need for complete, end to end Supply Chain visibility has never been more important! The necessity for visibility started with store shelves being emptied of toilet paper , food, and various household items.

article thumbnail

Emission-free shipping: Ways of sustainable transport on the seas

All Things Supply Chain

Around 90 % of the world’s goods are currently transported by ships causing nearly 3 % of total global carbon dioxide (CO2) emissions.

article thumbnail

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.

article thumbnail

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere, a healthcare supply chain GPO based in St. Louis, Mo., has gone live with Ivalua’s Source to Contract solution. Consus partnered with Ivalua to lead the implementation and transformation effort at Intalere to drive cost savings, transparency and improved effici

Contract 130
article thumbnail

What on Earth is “Autonomous Procurement,” Anyway?

Jaggaer

With hot new buzzwords coming and going year after year, it’s hard to blame any procurement professionals who are becoming disillusioned. One of the latest, “autonomous procurement,” has been the focus of writings by industry experts both enthusiastic and less optimistic. But many purchasing team members, including leadership, still lack clarity on what exactly the term means.

article thumbnail

When Will Blockchain Be Ready for the Supply Chain?

Supply Chain Brain

At a time when supply chains are fracturing as a result of the global coronavirus pandemic, is blockchain the solution?

article thumbnail

Product News Update: April 2020

EazyStock

Our developers are working hard every day to make sure EazyStock is living up to your high expectations for advanced inventory optimization. Here are some recently added features that make us extra proud. Components Forecasting via Bill of Materials (BOM). What’s new? Bill of Materials, or BOM, is the components required to manufacture or assemble a product.

article thumbnail

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.

article thumbnail

Is Single Sourcing, or Sole Sourcing, Dead?

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 quickly and severely disrupted Supply Chains of every kind around the world. Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes.

article thumbnail

Covid-19: How to manage an automotive supply chain during a crisis?

All Things Supply Chain

In recent weeks, the companies in automotive logistics I work with have experienced drastic changes in their daily work.

article thumbnail

Unleashing the Full Potential of Procurement through Digitization by Natacha Tréhan

ivalua

The post Unleashing the Full Potential of Procurement through Digitization by Natacha Tréhan appeared first on Ivalua.

article thumbnail

COVID-19 Procurement Response: Your Questions Answered

Jaggaer

JAGGAER’s Amenallah Reghimi and Mic h ael Roesch recently partnered with Philip Ideson , founder and managing directo r at Art of Procurement , to bring procurement professionals a presentation on response tactics for the current global crisis. Our speakers received far more questions than they were able to answer at the time, so we’ve compiled some of the best and asked our presenters to provide a little bit of extra insight. 1.

article thumbnail

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

article thumbnail

What All Employees With Network Access Should Know About Cybersecurity

Supply Chain Brain

A single cyberattack is enough to devastate a supply chain. Moreover, the effectiveness of credentials at each stage of the supply chain has a direct impact on every other part of the business.

article thumbnail

Supply chain emissions: what challenges lie ahead?

SupplyShift

The supply chain is often cited as one of the areas where companies have significant challenges in managing and reducing emissions. For lots of businesses, most emissions lie within the supply chain, and as such, these emissions are beyond a company’s direct control (Scope 3). This means supply chain emissions are simultaneously the most challenging and the most important.

article thumbnail

Ensuring Delivery Safety During the Coronavirus Pandemic!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! Delivery safety article and permission to publish here provided by Raanan Cohen at bringg.com. As the general public transitions away from crowded public spaces, delivery has gone from being a convenience to a necessity.

article thumbnail

Squirrelling Away – How panic buying is affecting the supply chain

All Things Supply Chain

As a result of the coronavirus outbreak, people have become like squirrels.

article thumbnail

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.