Sat.Jul 10, 2021 - Fri.Jul 16, 2021

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Supplier Diversity Part III: Keeping Pace as an Organization

ivalua

In Part I and Part II of this series, we have investigated the way in which supplier diversity programs have developed over time and which nations are leading the way in the space. And while it’s good to stay abreast of how we develop as societies, it’s vital to understand how we can better align supplier diversity best practices as individual organizations. .

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Procure to Pay: Business Process Map

ProcurePort

There are many steps involved in an advanced, comprehensive, and sophisticated procurement department. Furthermore, the larger the organization, the more involved and intricate the procurement process or lifecycle is likely going to be. This is partially due to scale, and partially due to the nature of procurement in general. A procure to pay: a business […].

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Creating a Regenerative Economy with Circular Supply Chains and Blockchain: World Oceans Day Chat with the Plastic Bank CEO David Katz

Supply Chain Queen

“We all agree.someone needs to do something about ocean plastic. This is the something, you are the someone.” David Katz, CEO of Plastic Bank. Today is World Oceans Day, observed by United Nations member states to bring discussions, policies, and people impacted by ocean and coastal degradation worldwide. In Episode 58, Sheri Hinish (SupplyChainQueen) chats.

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How Online Returns Will Impact the Post-Covid Customer Experience

Supply Chain Brain

Managing returns is driving up costs and becoming a growing concern for business leaders. As such, it’s never been more important for retailers to solve the reverse logistics puzzle.

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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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Creating a Sustainable Supply Chain Strategy: The IKEA Story

ivalua

“ Companies that fail to adapt to climate change will go bankrupt without question. “ -Mark Carney, Bank of England Governor. Those are some very forceful words from Mark Carney, Bank of England Governor, but he’s not entirely incorrect. The world continues to change and evolve, and supply chains are not excluded from that process. In fact, currently 80% of the carbon footprint comes from the global supply chain. .

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Four Key Areas for Digital Transformation in Procurement

ProcurePort

To date, 89% of businesses in the United States have adopted a digital-first enterprise strategy. And according to Tech Pro Research, 70% of businesses already have a digital transformation strategy in place or are drafting one. Procurement digital transformation, in particular, promises to increase productivity, reduce operating costs, improve the end-user experience while keeping businesses […].

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Watch: Pandemic Exposes Weak Points in Manufacturing Supply Chains

Supply Chain Brain

Debbie Altham, senior director of the technology team with Sikich LLP, reveals the findings of a new survey of manufacturers and their supply chains, conducted by the firm in partnership with Industry Week.

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Ivalua Payments Part II: Using Payments to Become the Customer of Choice

ivalua

COVID-19’s impact on business has drastically changed how supply chains function and how we, as end users, work. It has forced the world to rethink, pivot and adapt to digital technology. It has also exposed the gaps that result in inefficiency and costs, plus the blurred relationships between employees, vendors and customers. The largest identified gap between procurement and payment is the Accounts Payable (AP) process.

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7 Benefits of Procure-to-Pay System

ProcurePort

Procurement technology comes in many different shapes and forms. However, the main goal of most procurement technology is to create efficiency throughout the entire lifecycle of a procurement activity or contract. This is a rather lofty goal, as procurement departments are heavily involved in almost every aspect of an organization. Procurement, as an overarching department, […].

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Is Bitcoin Volatility a Threat for Traders?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Reasons for Bitcoin Price Fluctuations ! Bitcoin volatility article and permission to publish here provided by Jean Nichols. Bitcoin is an utterly free currency not subjected to rules and protocols of government authorities. All the more, bitcoin was not composed to make you rich but was composed to make you accessible.

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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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Container Rates to U.S. Top $10,000 as Shipping Crunch Tightens

Supply Chain Brain

Container shipping rates from Asia to the U.S. and Europe increased to new record levels over the past week, ensuring transportation costs will stay elevated for companies heading into a peak season for rebuilding inventories.

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New Inventory Visibility and Collaboration Capabilities Enhance Ivalua’s Procure-to-Pay Solution

ivalua

Helping businesses reduce the risk of supply chain disruption, optimize inventory levels and make better buying decisions. Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. The solution streamlines and automates the management of inventory levels, the stock replenishment process and collaboration with suppliers for Vendor Managed Inventory (VMI), addre

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Cognitive Automation in Planning & Forecasting

Supply Chain Trend

I recently presented at the 41st ISF symposium from the International Institute of Forecasters , where I discussed #cognitiveautomation in planning & forecasting, which is availably in this video (25 min). I cover: – why #artificialntelligence alone is not enough to achieve #intelligentautomation – what’s really required to achieve #autonomousplanning ?

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Codeless Test Automation Benefits and Drawbacks!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Article and permission to publish here provided by Joe Johnston. Codeless Test Automation eliminates the need to write scripts, and hence it is widely preferred by companies in recent years. It has proven to be highly advantageous to the testers. Testers can now easily comprehend and perform testing with a basic or no knowledge of coding.

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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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Watch: What’s the Value of Citizen Automation?

Supply Chain Brain

Giovanni Stone, vice president of advanced automation with Daifuku, explains the concept of citizen automation, and how it benefits the development of applications for promoting supply chain collaboration and digitization.

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templegate

ivalua

Templegate Technologies, Recognized as one of the most promising procurement solution providers in India. Templegate Technologies , is a alliance partner for award winning Cloud Software Solution in Procurement Automation & Spend Management. Founded by an Team of IT professionals who have spent decades in Technology companies like SAP, Oracle and Infor working in the area of Supply Chain Management.

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JAGGAER Shortlisted for “Employer of the Year” Category in Women in IT USA Awards

Jaggaer

The post JAGGAER Shortlisted for “Employer of the Year” Category in Women in IT USA Awards appeared first on JAGGAER.

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Lead Time – The Ultimate Guide!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Drop Shipping Teddy Bears! Get Our EBOOK HERE. Article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. Online shoppers have come to expect the instant gratification of next-day delivery. Consumers’ willingness to wait to receive their orders has dwindled significantly in the past half-decade.

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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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Slow Vaccines for Seafarers Could Worsen Global Shipping Chaos

Supply Chain Brain

Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime workers and potentially slowing economies trying to pull out of pandemic slowdowns.

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The Journey to Responsible Sourcing: A Report by Gartner

ivalua

The post The Journey to Responsible Sourcing: A Report by Gartner appeared first on Ivalua.

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How Artificial Intelligence (AI) can be used in Supply Chain Management

Jaggaer

The post How Artificial Intelligence (AI) can be used in Supply Chain Management appeared first on JAGGAER.

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Procurement and Sustainability are Your Yin and Yang!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Yin and Yang article and permission to publish here provided by Sam Jenks at Kodiak Rating. Procurement and Sustainability are your business’ Yin and Yang. The question is; are you harnessing the natural power they create together? For those that aren’t familiar, or like myself are more familiar with the symbol than the concept, the principle of Yin and Yang is a concept of dualism,

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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.

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When Will Air Cargo Operations Return to Normal?

Supply Chain Brain

Like all modes of freight transportation, the air cargo sector was hit hard by the COVID-19 pandemic, struggling with tight restrictions on operations even as demand for services soared.

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Payables Metrics That Maximize Your Buying Power

ivalua

The post Payables Metrics That Maximize Your Buying Power appeared first on Ivalua.

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4 Smart Supply Chain Strategies for Boosting Customer Experience

Solvoyo

This is the best of times and worst times for retail. On one hand, online sales taking retail to new frontiers by offering endless choices from the comfort of home and taking away from the sales of brick and mortar stores, and on the other, e-commerce businesses are scrambling to open brick and mortar stores. … Continue reading "4 Smart Supply Chain Strategies for Boosting Customer Experience".

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How Bitcoin Achieved Decentralization and is it a Benefit?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What are Bitcoin Wallets? Bitcoin achieved decentralization article and permission to publish here provided by Jean Nichols. Bitcoin was composed as an electronic cash system at first glance. However, Bitcoin is the first-ever decentralized cryptocurrency that was subjected whether peer to peer network.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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Scenario Planning Trigger Points: Creating an Integrated Response to Scenarios

Supply Chain Brain

In this webinar, we provide insights on how to best utilize Integrated Scenario Planning as a decision-making tool by understanding Trigger Points, Response Plans, and related Roles & Responsibilities.

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Payables Metrics That Maximize Your Buying Power

ivalua

The post Payables Metrics That Maximize Your Buying Power appeared first on Ivalua.

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Are Your Planning And Retail Analytics Tools Fast Enough For Fast Fashion?

Solvoyo

Over the last decade, apparel retail has gone through a significant shift and has turned into a game of fast, faster and fastest. So many of the previously well-known retail brands are now struggling to sustain growth while a few keep capturing more and more of the market. Customers today are also savvier in the … Continue reading "Are Your Planning And Retail Analytics Tools Fast Enough For Fast Fashion?".

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Hit Song Titles for Your Business Moods!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Music is a universally important part of all of our lives. No matter what part of the world you live in, no matter what age you are, and no matter what you do in your life, chances are you are exposed to and influenced by music in some fashion. Music affects our moods and emotions and conjures up memories.

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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.