Sat.May 13, 2023 - Fri.May 19, 2023

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Fourth Party Logistics — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Fourth Party Logistics — Everything You Should Know Fourth-party logistics (4PL) help businesses to optimize their entire chain. Although it is gaining popularity, people still have little to no idea what 4PL is. In this article, we will discuss what 4PL means.

Logistics 211
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How to Automate Your Quote Request Process Using RFQ Software

ProcurePort

How to Automate Quoting Process: Benefits of RFQ Software: IntroductionIn today’s fast-paced business environment, efficiency and speed are crucial for staying competitive. One area where companies often struggle to streamline operations is the quote request process. Manual handling of requests, communication with suppliers, and tracking responses can be time-consuming and prone to errors.

Suppliers 130
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Can AI Help Warehouses Reduce the Impact of Labor Shortages?

All Things Supply Chain

The ongoing warehouse labor shortage is one of the biggest challenges facing the logistics industry today.

Logistics 246
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5-a-side tournament success

Procurement Heads

This year’s tournament, the fourth time the event has been held, was won by procurement consultancy State of Flux, who narrowly edged out the hosts in the final. James Dobbin, Director and Head of Practice for Financial & Professional Services, said, “It was great to see so many teams from across the sector join us and raise money for an incredible cause.

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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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Invoice Approvals — The Ultimate Guide

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Approvals — The Ultimate Guide Invoice approvals allow you to only pay for what you purchased, which helps you to avoid overpayment. However, what is it? In this article, we will discuss what invoice approvals are.

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2023 Ivalua NOW Nashville: Recap + Photos!

ivalua

Ivalua Spend Management Insights [ivory-search] 2023 Ivalua NOW Nashville: Recap + Photos! May 18, 2023 | | Ivalua NOW by Eloise Barnum They say city lights got nothin’ on country nights—and well–they ain’t wrong! We can’t recreate Ivalua NOW 2023 Nashville–but we’ll always have the memories! From the sessions and keynotes to the electrifying nighttime events–we want to extend a heartfelt thanks to all our customers, sponsors, partners, attendees, and team for making Ivalua NOW “Breaking N

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5-a-side tournament success

Procurement Heads

This year’s tournament, the fourth time the event has been held, was won by procurement consultancy State of Flux, who narrowly edged out the hosts in the final. James Dobbin, Director and Head of Practice for Financial & Professional Services, said, “It was great to see so many teams from across the sector join us and raise money for an incredible cause.

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Sri Lanka Import and Export Statistics

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sri Lanka Import and Export Statistics Sri Lanka’s import and export activities decline steeply after its worst economic crisis in decades. This left the country with unsustainable debt and a severe balance of payments which will further stunt its economic growth in years.

Export 206
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[Pod] JPMorgan Chase Stops the Financial Contagion

Art of Procurement

In 1907, J.P. Morgan was called back from a trip to help stop a series of bank runs on Wall. The post [Pod] JPMorgan Chase Stops the Financial Contagion appeared first on Art of Procurement.

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Make SAP ERP deployments future-ready with IBM Cloud

IBM Supply Chain Blog

As we navigate an unstable economy, organizations across industries want to be “future-ready,” and that requires systems and processes that can continuously evolve in response to the marketplace demands. For customers who run their operations on SAP, this means modernizing to a cloud ERP platform that supports greater flexibility and agility.

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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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The Big Interview with Veronika Strausova

Procurement Heads

How did you get into procurement? At university, I followed a few classes on procurement and supply chain, loved it and decided that was the career path I wanted to take. What I really liked about procurement back then, and still love about procurement today, is the mixture of analytics and data-driven skills that you need, coupled with interpersonal skills, commercial acumen and negotiation.

Ethics 130
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Argentina Import and Export Statistics

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Argentina Import and Export Statistics Argentina’s imports and exports hang in the balance as the country faces the after-effects of severe drought. The Buenos Aires Grains Exchange reported a 23% lower dollar exchange due to a decrease in wheat, corn, and soybean production.

Export 203
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Logistics providers expand operations in Mexico, leveraging nearshoring as a strategy

Supply Chain Dive

Redwood Logistics and BlueGrace Logistics have announced plans to expand service offerings in Mexico due to higher demand from shippers.

Logistics 138
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SCMDOJO’s Supply Chain and Operations Expert Marketplace

SCMDOJO

The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized Supply Chain Expert Services. Table of Contents Executive Summary Introduction Objectives The Rapid Growth of Marketplaces SCaaS as a Concept Combining Marketplaces and Supply Chain as a Service: SCMDOJO’s Unique Value Proposition Features and Benefits for Clients Features and Benefits for Experts How I

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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 Big Interview with Veronika Strausova

Procurement Heads

How did you get into procurement? At university, I followed a few classes on procurement and supply chain, loved it and decided that was the career path I wanted to take. What I really liked about procurement back then, and still love about procurement today, is the mixture of analytics and data-driven skills that you need, coupled with interpersonal skills, commercial acumen and negotiation.

Ethics 130
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Chile Import and Export Statistics

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Chile Import and Export Statistics Chile’s import and export activities open a positive trade balance in the first quarter of 2023. Will the country continue this trend? The World Bank ranks Chile as a high-income market economy.

Export 144
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Smaller Truckers Are Struggling to Meet Mandates for Going Electric

Supply Chain Brain

Commercial trucking won’t be spared the transition to electric vehicles, but its progress toward adoption tough, especially when it comes to small and medium-sized truckers.

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Why Siemens, Eli Lilly opted to use DHL’s new cold chain service

Supply Chain Dive

The temperature-controlled air cargo solution provides flights from Indianapolis to Liège, Belgium, and uses an innovative handling process to allow for more sustainable packaging.

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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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YPurchasing | Saving 10-15% on Food Costs with Una

Una

YPurchasing Learn how YPurchasing, a group purchasing organization serving YMCAs, is saving members 10-15% on food costs through Una’s food cost reduction program. Introduction YPurchasing is a group purchasing organization dedicated to providing savings programs to YMCAs across the United States. The organization works with suppliers and vendors to secure the best possible pricing, quality products, and services to directly impact each YMCA’s mission.

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A Thorough Negotiation Guide For Procurement Consultants

Procurement Freelancers

A procurement contract that has been successfully negotiated implies that your company, as the buyer,… The post A Thorough Negotiation Guide For Procurement Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

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Breaking Through DEI Misconceptions to Find a Better Path Forward

Supply Chain Brain

The very heart of diversity involves how things differ, and we all know that people differ in many ways. All of us fit in, or don’t, some place, and this is why each of us has a DEI story.

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After last year’s inventory tidal wave, where do retailers go from here?

Supply Chain Dive

Bare shelves are still a recent memory, but many are learning to live on leaner inventories after overstocking in 2022.

Inventory 130
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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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Episode 115: Building a Legacy of Leadership with Ret. Lt. Col. Oakland McCulloch

Una

EPISODE 115 Building a Legacy of Leadership with Retired Lt. Col. Oakland McCulloch By Kelly Barner | May 17, 2023 Leadership is easy to talk about, but hard to do. Every leader impacts the people around them – whether positively or negatively – so this week’s guest suggests making a decision from the outset what kind of leader you want to be, and why you want to lead.

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A Procurement Agent’s Preparation And Planning That Goes Into Vendor Negotiation

Procurement Freelancers

A person’s ability to successfully bargain is one of the most crucial abilities he may… The post A Procurement Agent’s Preparation And Planning That Goes Into Vendor Negotiation first appeared on Procurement Blog | Procurement & Supply Chain News.

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How Supply Chains Can Harness the Power of AI and VR

Supply Chain Brain

Artificial intelligence, along with augmented and virtual reality tools, promises to help ease the strain on supply chains.

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Nike sued for ‘misleading’ claims about its sustainable materials

Supply Chain Dive

A Missouri plaintiff said that 90% of the products Nike advertises as using recycled materials don’t, and that some of the recycled materials are environmentally harmful.

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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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Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks

Una

Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks Understanding the nature of procurement fraud, why it poses a strong risk in procurement, and ways to mitigate the consequences. By Hugo Britt | May 18, 2023 Search The fraud triangle is built around three concepts: Opportunity, Motive, and Rationalization. While anyone in your organization may have a motive (such as a gambling addiction) and can rationalize their crime (“I’ll pay it back”), only a small percentage of the tea

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Global LSPs and 3PLs Embrace the Chaos and Turn Professional

The Network Effect

The post Global LSPs and 3PLs Embrace the Chaos and Turn Professional appeared first on The Network Effect.

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EV Battery-Swapping Could Help Solve the US Charging Problem

Supply Chain Brain

San Francisco startup Ample Inc. has deployed more than a dozen robotic battery-swap stations around the Bay Area and in Europe.

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Supply chain orchestration graduates from theory to leading practice

Supply Chain Dive

To respond to ongoing disruptions while meeting increasingly exacting customer demands, organizations should look to cloud-based supply chain orchestration platforms, with data-driven orchestration that enables agility and resilience.

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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.