December, 2021

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AI and the productivity paradox – why it needs more than technology to transform the economy

All Things Supply Chain

AI and the productivity paradox – why it needs more than technology to transform the economy- All Things Supply Chain - Kai Keppner

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Unleash The Power of the Business Spend Management (BSM)

ProcurePort

Business spend management (BSM) refers to a unified, coherent set of business processes, supported by software that encompasses invoice management, procurement, and expense management. Business spends management addresses all the ways employees spend money within an organization. Spend management also captures related processes such as product lifecycle management, inventory management, supplier information management, budgeting, analytics, […].

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Ivalua Bolsters Its ESG Commitment By Joining The United Nations Global Compact

ivalua

Massy, France, 16 December – Ivalua, a leading provider of global Spend Management Cloud solutions, has joined the United Nations (UN) Global Compact, the world’s largest voluntary corporate sustainability initiative. The way consumers, businesses and public institutions spend significantly impacts the sustainability and social agenda of supply chains globally.

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Four Reasons to Embrace Cloud Technology for Real-Time Supply Chain Collaboration

Supply Chain Brain

The advent of business networks on cloud platforms enables real-time visibility into supply chain conditions, allowing organizations to respond nimbly and add millions to their top and bottom lines.

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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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What is Decentralized Finance?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Can Decentralized Finance Revolutionize the Financial Segment? Decentralized finance article and permission to publish here provided by Jean Nichols. Blockchain technology has not only raised the popularity of bitcoins to new heights. It has also contributed a lot to several other financial service sectors, one of which is decentralized finance.

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The World of Procurement Community on Discord

World of Procurement blog

The World of Procurement Community on Discord is Live I'm announcing the World of Procurement Discord community server. Join the Community. I'm super excited about this community server. Discord has been a place that I've really enjoyed using throughout 2021. I’ve had issues with LinkedIn. It is sometimes problematic with the way in which it drives traffic to content.

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2022: The Year to Build Supply Chain Resiliency

ProcurePort

Global supply chains have suffered immensely in the last two years due to the COVID-19 pandemic. There has been a shortage of materials, shipping prices have gone up, and ports have been backed up. A lot of companies missed their demand forecasts. This has in turn affected global commodity prices leading to a discussion about […]. The post 2022: The Year to Build Supply Chain Resiliency appeared first on ProcurePort Blog.

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‘Emission’ Impossible – What are the 4 Steps to Ensuring Supply Chain Sustainability?

ivalua

In recent years, sustainability has increasingly become a top priority for many organisations. 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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How to Support Customers When Supply Chains Are Unpredictable

Supply Chain Brain

The holidays are placing even more stress on supply chains. Here are four ways you can help lower stress, minimize damage and deliver positive customer service.

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6 Things to Consider Before Starting a Business Partnership!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Things Startups Must Know Before Launching a Minimum Viable Product (MVP)! Business partnership article and permission to publish here provided by Claire Glassman. The idea of starting a business partnership can be very exciting. It allows you to utilize complementary talents and shared resources.

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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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Best of 2021: Procurement Rising Podcast – Greg Tennyson, VSP Global

CPO Rising

Over the next few weeks on CPO Rising, we are going to re-publish episodes from our “Procurement Rising” podcast series. In this podcast series, I interview Chief Procurement Officers and Best-in-Class procurement leaders as well as technology and business experts working in procurement and supply management. Our goal is to find people who are passionate about procurement and […].

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Supply Chain Weekly Wrap-Up 10/12/2021-16/12/2021

All Things Supply Chain

Toyota face further production stoppages due to shortages Automaker Toyota Motor Corp.

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Risk Management in the Procurement of Innovation

ProcurePort

In the procurement of innovation, at least one aspect of the whole process carries some uncertainty. This is the origin of risk in any procurement process. The challenge for managers is to identify the risk for all parties involved and quantify it. They must then move on and assess the necessary mitigating actions to be […]. The post Risk Management in the Procurement of Innovation appeared first on ProcurePort Blog.

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Data as the Driver of Effective Procurement Transformation

ivalua

The post Data as the Driver of Effective Procurement Transformation appeared first on Ivalua.

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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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Higher Costs, Less Waste: Six Ways Supply Chains Will Change in 2022

Supply Chain Brain

With supply chain volatility continuing into the new year, many companies are making changes to prepare for future disruptions.

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Top 3 Cryptocurrency Cloud Mining Sites!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Understanding the Bitcoin Mining Process! Cryptocurrency cloud mining sites article and permission to publish here provided by John Gaarg. Cryptocurrency mining (sp. minería de criptomonedas, fr. minage de cryptomonnaie) has gained tremendous popularity over the last few years. This trend is especially vivid with cryptocurrency cloud mining, where cryptocurrency cloud mining sites offer their services associated with leased h

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Premium Leather Goods E-Tailer

Solvoyo

Digital Transformation for Shopify Vendor Bonaventura started their digital transformation of end-to-end Pre-Season Planning with Solvoyo. Bonaventura sells its premium products on 5 different sales channels, including Shopify, Amazon and Rakuten. The post Premium Leather Goods E-Tailer appeared first on Solvoyo.

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Transaction Cost Economics of the Source-to-Pay Process

The Good Spending

The view on procurement from the perspective of traditional economic theories Nowadays, procurement increasingly speaks up about its critical role in the firm's very existence. Despite this being true for many companies, we're mainly trying to create awareness instead of claiming our well-deserved place in the company ranks. In fact, the importance of procurement was confirmed many decades ago upon the formulation of some classical economic theories.

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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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5 Steps to a Successful Digital Procurement Strategy

ProcurePort

Digital disruption impacts companies of all sizes and across different industries, creating new channels for partner and customer interactions. That, in turn, subverts industry dynamics and core, business models. In a report by McKinsey and Deloitte, companies see their future viability and relevance under fire. According to Deloitte, in the next generation of digital procurement, […].

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Ivalua’s Procurement & Supply Chain Must Read List – December 2021 Edition

ivalua

The post Ivalua’s Procurement & Supply Chain Must Read List – December 2021 Edition appeared first on Ivalua.

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Europe Is Desperate for LNG While Asia Has More Than It Needs

Supply Chain Brain

Asia’s relentless buying of liquefied natural gas earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe.

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4 Must-Haves in Your Product Packaging Checklist!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Product Packaging Mistakes That Could Cost You Customers! Product packaging checklist article and permission to publish here provided by Claire Glassman. When shopping for new products, it’s always the packaging that will first catch the eyes of the buyer. For consumers who are yet to try what’s inside, the packaging is often what influences their decision whether to buy it or not.

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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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Best of 2021: Procurement Rising Podcast – Ian Maher, Global Atlantic Financial Group

CPO Rising

Over the next few weeks on CPO Rising, we are going to re-publish episodes from our “Procurement Rising” podcast series. In this podcast series, I interview Chief Procurement Officers and Best-in-Class procurement leaders as well as technology and business experts working in procurement and supply management. Our goal is to find people who are passionate about procurement and […].

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Lessons for Category Managers from 2021

Future Purchasing

What a year. I am sure we are all looking at 2021 as particularly challenging for a whole host of reasons, both professionally and personally. It is well worth reflecting on any insights that living through such times provides, with this in mind here are my lessons for category managers for 2021. Self-care. At a personal level, the need to look after our own well-being, amongst the turmoil of the past twelve months, has stood out as something to try to manage.

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Purchase Requisition System – All-in-One Purchasing Platform

ProcurePort

Are you tired of working across multiple channels – Excel and Word spreadsheets – to get purchase requisition right? Well, what if we told you that there is an all-in-one purchase requisition system to put all your troubles at bay? Yes, for years enterprises have had to rely on manual legacy modes of gathering all […]. The post Purchase Requisition System – All-in-One Purchasing Platform appeared first on ProcurePort Blog.

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Collaboration and Competitive Advantage: Revolutionizing Supplier Relationships

ivalua

The post Collaboration and Competitive Advantage: Revolutionizing Supplier Relationships appeared first on Ivalua.

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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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U.S. Truckers Are ‘Drowning’ in Empty Containers

Supply Chain Brain

Restrictions on empty-container returns at major ports are the top issue that needs fixing to help ease U.S. supply chain bottlenecks, the head of the Harbor Trucking Association said, adding that true round-the-clock operations aren’t yet in place.

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Our 2021 Top 10 List! (Part 2)

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Our 2021 Top 10 List! As we come to the end of our 5th year here at Supply Chain Game Changer it’s time to reflect on the tremendous events of the year. The effects of the Coronavirus pandemic have continued to stretch far and wide, unabated, touching many aspects of all of our lives.

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8 Supply Chain Planning Challenges Retailers Will Face in 2022 and Tips to Overcome Them

Solvoyo

Adopting next-generation integrated planning and analytics platforms with digital workflows, advanced analytics, AI/ML, and automation capabilities will be the way to win. The post 8 Supply Chain Planning Challenges Retailers Will Face in 2022 and Tips to Overcome Them appeared first on Solvoyo.

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Healthcare Contract Compliance: How to Perform an Audit

ContractSafe

You already know how important it is to keep on top of contracts. As a healthcare facility, getting contracts properly signed and implemented is essential to staying in business. Perhaps even more important? Making sure your facility understands the importance of healthcare contract compliance and knows how to perform an audit.

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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.