November, 2019

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Learning by Doing – What Netflix can teach us about AI-driven inventory management

All Things Supply Chain

Some years ago, a small company called Netflix had a very good idea. Back when they started their business in 1997, it was a DVD rental company.

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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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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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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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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 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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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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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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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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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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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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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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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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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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Reinventing Procurement: Smart Strategies to Transform Your Operation, A Webinar By Ivalua, Ardent Partners and Baylor Scott & White Health

ivalua

The post Reinventing Procurement: Smart Strategies to Transform Your Operation, A Webinar By Ivalua, Ardent Partners and Baylor Scott & White Health appeared first on Ivalua.

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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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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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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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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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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: 11/22/19 – 11/28/19

All Things Supply Chain

Blockchain could save the food industry billions, according to new research Blockchain could save the food industry $31 billion by the year 2024 according to new data from Juniper Research.

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Paris 2020 – EN – Natacha Trehan

ivalua

Natacha Tréhan PhD – Professor in Purchasing Management – University of Grenoble Alpes. Natacha Tréhan is Doctor of Management Sciences. For 10 years, she has been in charge of the Purchasing Master’s degree at the University of Grenoble Alpes (DESMA Master’s degree). Purchasing Strategies and Supplier Management are the heart of her training courses for students and professionals.

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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 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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Five Questions to Ask About Third-Party Vendors and Cybersecurity

Supply Chain Brain

From marketing consultants and supply-chain partners to accountants and IT service providers, organizations today depend on all kinds of third parties for virtually every conceivable business function.

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Warehouse Management Analytics!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Warehouse Fulfillment – Move The Material To The People, Not The Other Way Around! Article originally published by, and permission to publish here provided by, Adam Robinson at cerasis.com. The rise of e-commerce was a significant change for supply chain managers and leaders.

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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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INFOGRAPHIC – What is Inventory Optimization?

Slimstock

Are your warehouse shelves spilling over, or overly bare? Learn how to spot stock problems and see how inventory optimization with Slimstock can save you money and make unhappy coworkers happy again! Slimstock has been helping companies like yours lower inventory costs while increasing customer satisfaction for 25 years. Our inventory management software is used by over 900 customers worldwide to free up capital and simplify the ordering process.

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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.