November, 2019

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Procurement 2020… Will anything change?

All Things Supply Chain

It seems as though procurement has been anticipating the arrival of 2020 since the minute the ‘Y2K’ buzz wore off.

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Ivalua Recongized for Procurement Excellence at Future of Sourcing Awards

ivalua

Winner of Awards for Innovation in Digitization and Innovations in 3rd Party Management. REDWOOD CITY, Calif. , Nov. 11, 2019 /PRNewswire/ — Ivalua, a global leader in spend management , today announced that it was selected as the winner of both the Innovations in Third Party Management and Innovations in Digitization awards, presented at the Future of Sourcing Awards event in Carlsbad, CA.

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Managing Supplier Bids with e-Tendering Software

ProcurePort

In the complex, fast-paced global market of the modern world, it pays to use software to lighten the load. Here is what professionals should know about managing supplier bids with e-Tendering software and how it can improve operational efficiency. The Challenges of Managing Supplier Bids throughout the Tendering Process When firms engage in tendering by […].

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Supply Chains Are Going Green in These Six Ways

Supply Chain Brain

Eco-friendly trends are finally catching on within supply-chain management — and transforming how the industry operates.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Mitigate Seasonality and Other Logistics Disruptions with TMS Supporting Predictive Analytics

Supply Chain Collaborator

Where is the freight market heading and how can a shipper be prepared to address changes as they occur in real time? More importantly, how does a shipper synthesize the seemingly endless stream of conflicting market analysis into proactive plans that avoid simple, reactive responses to the often confusing and counter-intuitive moves in the market? . – Realize the goal of cutting through the static using analytics as a “knife” in your TMS. – Choose technology that supports operating

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The Digital Opportunity for 3PL Logistics Operations!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? Article originally published by, and permission to publish here provided by, Raanan Cohen at bringg.com. Third-party logistics (or 3PL) providers, are standing on the brink of breakout growth. The shipper ecosystem is burgeoning with more delivery orders, more inventory to be managed, more deliveries and more services than ever before.

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What Does “Good” Look Like: Strategic Sourcing

ivalua

Doug Keeley, Product Marketing Manager, Ivalua. If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. That leaves the vast majority of companies and teams in the middle – and each one of them is working hard every day to be as good as they can given their current priorities, challenges and resources.

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Getting the Right Eyes on your Reverse Auction

ProcurePort

Ensuring you are able to get the right eyes on your reverse auction services will be crucial for you to develop and maintain lasting relationships with suppliers and vendors. To assist you further, we have broken down for you the four key steps you will need to execute and implement in order to successfully attract […]. The post Getting the Right Eyes on your Reverse Auction appeared first on ProcurePort Blog.

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How Industrial IoT Is Transforming Supply Chains

Supply Chain Brain

Supply-chain inefficiencies are having a huge impact the world round. In the UK alone, they cost businesses at least US$1.9 billion annually in lost productivity.

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Rising Detention Times and the Cost of Not Protecting “Shipper of Choice” Status

Supply Chain Collaborator

Sadly, it seems some shippers may have forgotten an important truth about effective carrier relations. ATRI reports detention times have crept up in 2019 following the historic and painful capacity crunch of 2018 during which, shippers pursued “Shipper of Choice” status with their carriers by focusing on ways to make carriers’ lives easier (like reducing detention/dwell time).

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Leveraging a Multi-Party Network Platform for Supply Chain Apps

The Network Effect

The post Leveraging a Multi-Party Network Platform for Supply Chain Apps appeared first on The Network Effect.

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How d’ya like your eggs in the morning? – Why 3D printing may soon be on the menu (of companies)

All Things Supply Chain

“How d’ya like your eggs in the morning?” is a classic song from the 1951 film, “Rich, Young and Pretty”.

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Kronos Group and Ivalua join forces to optimise H.Essers’ Purchase2Pay & Contract Management

ivalua

Paris, France – 20 November, 2019 – Ivalua, a global leader in Cloud Spend Management solutions and its key consulting partner Kronos Group have joined forces to successfully deliver Purchase2Pay & Contract Management at H.Essers, a major logistics service provider. The project has streamlined processes from purchase to payment at an international level.

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What to Expect from Cutting-Edge RFQ-RFP-RFI Software

ProcurePort

Technology is redesigning business landscapes as we know them across the board. Businesses that fail to adapt to instant market changes and fluctuations will not cope with operating how they originally have been in the new competitive climate. RFQ, RFP and RFI software provides the ultimate leveraging tool for businesses that seek a streamlined, efficient […].

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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The ‘Modern’ Factory Remains a Dream for Many Manufacturers

Supply Chain Brain

When it comes to running the modern-day factory, there’s a yawning gap between theory and reality.

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Prepare for 2020 by Reviewing Five Important Shipper Metrics in TMS

Supply Chain Collaborator

Your TMS solution (if it is digitization-ready and up to date with a focus on data analytics), is a treasure trove of information a savvy shipper can harness to drive efficiency and savings improvements. Of course, the TMS alone is just a tool and a shipper will also need experienced guidance and proven expertise of a truly collaborative TMS provider/partner.

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AI for Better Supplier Collaboration: First, Get Your Data in Order

Jaggaer

Most software vendors have taken an applications-driven approach to delivering solutions. They have identified the main challenges faced by procurement professionals and developed applications that address those specific challenges. This has brought benefits but not sustainable value , especially when buyers have looked for “best-of-breed” point solutions with limited interoperability.

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Here’s How You Can Optimize Your Multichannel Supply Chains

All Things Supply Chain

Multichannel supply chains provide many options for customers of all types, whether at a retail location, over the phone or online.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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8 Tips to Help Procurement Optimize Supplier Master Data

ivalua

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! That’s significant. Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy.

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The Cracks in Typical Contract Management Protocol

ProcurePort

No matter what size your business is, what industry you operate in and which region, there are a few things everyone has in common: in order to get started, each business operates from a foundation of contracts. With this type of precarious system in place, are you and your organization currently using a contract management […]. The post The Cracks in Typical Contract Management Protocol appeared first on ProcurePort Blog.

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The Element That Can Make or Break Blockchain for the Supply Chain

Supply Chain Brain

Everywhere you turn these days, there’s a blockchain pilot underway for the supply chain. But they’re all missing one crucial element: a single, coherent set of standards.

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How to Avoid Costly Errors in Supply Chain Management!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Disaster Strikes!!! Is Your Supply Chain Ready To Recover? Article provided to Supply Chain Game Changer by, and permission to publish here provided by, Aimee Laurence. Having a productive and efficient supply chain is very important for a business. In supply chain management, it is essential to keep all unnecessary costs mitigated.

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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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7 Things to Consider Before Implementing Procurement SaaS

Jaggaer

What is SaaS? . W hen you decide to deploy a SaaS solution for procurement , you are choosing the provider of a service. You don ’ t choose any of the server, storage, or networking specifics, and you don ’ t choose an operating system, or even a language to develop new tools in. Rather, you get an application, such as eProcurement or S upply C hain M anagement.

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Supply Chain Weekly Wrap-Up: 11/15/19 – 11/21/19

All Things Supply Chain

UPS to improve precision logistics Early next year UPS will launch its UPS Premier service, which will use sensors that can track medical packages at all times.

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Ivalua Announces New Innovations for Managing Direct Materials Spend

ivalua

Enhancements enable manufacturers to launch more profitable, successful products. Redwood City, CA – November 7, 2019 – Ivalua, a global leader in spend management , today announced a range of new innovations that enable direct material procurement and supply chain leaders to launch more profitable, successful products. The new capabilities are available now as part of Ivalua’s latest platform release.

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Procure-to-Pay is a Blessing for e-Procurement

ProcurePort

In recent times there has been an increased awareness and focus on implementing and using procure-to-pay software within businesses. Top-level executives are always researching new ways to reduce costs and improve organization standards. The old method of pen and paper P2P (procure-to-pay) opens the door for a magnitude of issues such as inefficiencies, poor spend […].

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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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Why Logistics Companies Must Adopt Big Data and Cloud Technology

Supply Chain Brain

More than 50% of companies are using big-data analytics, a recent survey says, but a closer look reveals that adoption rate varies significantly by industry.

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Infographic: The Internet of Things (IoT)

The Network Effect

The post Infographic: The Internet of Things (IoT) appeared first on The Network Effect.

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How to Optimize Cash Management with a Portfolio Approach to AP Processes

Jaggaer

A centralized, seamless, process for your accounts payable team is integral to faster invoice processing in order to attain early payment discounts and avoid fees. This can feel impossible when viewing a diverse field of suppliers and transaction types, but it is entirely possible to offer your suppliers the flexibility they need while adhering to your own organization’s requirements.

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Supply Chain Weekly Wrap Up from 10/25/19-10/31/19

All Things Supply Chain

Amazon unveils free grocery delivery Amazon has announced that it will offer its Amazon Fresh service to prime customers for free.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic