A methodology of resilience – How supply chains become more robust
All Things Supply Chain
JULY 20, 2020
Due to the enormous impact of the coronavirus pandemic on global supply chains, many companies are struggling to keep themselves ticking over.
Sat.Jul 18, 2020 - Fri.Jul 24, 2020
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Achieving Compliance with European Banking Authority (EBA) Guidelines on Outsourcing
ivalua
JULY 22, 2020
The revised European Banking Authority (EBA) Guidelines on Outsourcing came into effect on September 30 th of 2019. They update former guidelines on the subject from 2006 and specifications on cloud services outsourcing from 2017. They apply to a broader audience than the previous rules : now including not only banks but also credit institutions, investment firms, electronic money institutions and payment providers, all of whom must abide by these guidelines.
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What is Strategic Sourcing? Your Procurement Guide
ProcurePort
JULY 22, 2020
What is strategic sourcing? According to businessdictionary.com strategic sourcing is defined as “A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly re-evaluated to optimize value to the organization.” To add on, strategic sourcing allows organizations to leverage their purchasing power so they can achieve the best […].
Why the U.S. Can’t Break China’s Monopoly on Rare Earth Metals — Part 2
Supply Chain Brain
JULY 20, 2020
It's unrealistic to believe the U.S. can break China’s monopoly over the rare earth element market through private investment and the opening of new domestic mines.
Load Optimization: A Sustainable Way To Reduce Transportation Costs
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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.
Bye Bye Barry’s Bikes and Baking Powder – Supply Chain Upheaval Prompts Flight to Technology
Supply Chain Collaborator
JULY 22, 2020
I went down to Barry’s Bikes in my hometown to buy some inner tubes from the bike shop that had been a fixture in my town for decades. Sadly, my bicycle tires are still flat because Barry’s storefront was shuttered. To console myself over the loss of this beloved local landmark, I decided to bake a carrot cake, but I was out of baking powder. At the grocer, the entire shelf of baking ingredients was bare.
4 ways IT & Procurement team collaboration increases resilience
ivalua
JULY 21, 2020
The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. The coronavirus pandemic continues to impact every area of our lives and our businesses in ways that were unimaginable just a few months ago. Whether you are returning to the office or remote working, we are all continuing to assess how we have coped, how we have changed and what we have learned.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
More Trending
Why Do Companies Still Not Have a Chief Supply Chain Officer?
Supply Chain Game Changer
JULY 23, 2020
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Should Lead the Boardroom … the Coronavirus Proves it! Chief Supply Chain Officer article and permission to publish here provided by Sam White at argentus.com. At Argentus, we’ve long written about how crucial Supply Chain leadership is to business strategy. With the myriad challenges raised by COVID-19, we feel confident saying that it’s more important than ever before.
Hello Automated Procurement, Goodbye Tedium
Jaggaer
JULY 21, 2020
How much do you enjoy routine tasks such as updating dozens of price lists, generating purchase requests, and entering and reviewing information for multiple suppliers? Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic tasks that add value to the organization and make work more satisfying and rewarding for a procurement professional.
Strengthening Procurement-IT Partnerships
ivalua
JULY 20, 2020
The post Strengthening Procurement-IT Partnerships appeared first on Ivalua.
How the Pandemic Taught a Lesson to Food Supply Chains
Supply Chain Brain
JULY 20, 2020
Among the many “gifts” of the coronavirus pandemic is a hard lesson about the fragility of food supply chains.
Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations
Advertiser: GEP
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.
What are Incoterms?
Supply Chain Game Changer
JULY 21, 2020
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What’s the Difference Between Freight Management and Logistics Management? Anyone in Supply Chain has likely heard the phrase “Incoterms”, certainly if you are involved in Freight and Logistics management, or perhaps in Finance. Even if you haven’t heard of “Incoterms” you are more likely to have heard of terms like “Ex Works”, “Free on Board” or FOB, or “DDP&#
Platform or a Collection of Tools: Which One Do You Prefer for your Digital Transformation Efforts?
Solvoyo
JULY 21, 2020
Imagine that you’ve decided to make your favorite chocolate chip cookie at home. You opened your favorite recipe, prepared all the ingredients, and pulled out the blender in your kitchen. You then preheated the oven. First, you attach the beater tip to mix the egg and the sugar. Next, the chopper tip for the chocolate. Then, you remove the chopper tip and attach the dough hook for the final mix.
Procurement Sustainability Metrics
ivalua
JULY 20, 2020
The post Procurement Sustainability Metrics appeared first on Ivalua.
Optimizing the Healthcare Supply Chain With a WMS
Supply Chain Brain
JULY 21, 2020
Hospitals and healthcare facilities may not have large inventories or warehouses, but their complex needs stand to benefit from a warehouse management system.
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
How AEI Tags Are Changing the Way Freight Moves!
Supply Chain Game Changer
JULY 22, 2020
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Do you have a Freight Management Strategy or are you Spinning your Wheels? AEI tags article and permission to publish here provided by Adrian Brito on behalf of Industrial Networks. In the shipping industry, automatic equipment identification (AEI) tags are the lifeblood of data collecting.
4 Ways Technology Can Simplify Inventory Management
EazyStock
JULY 20, 2020
Inventory is the biggest entry in the balance sheet of many distribution companies and fast deliveries are becoming increasingly important in today’s digital world – especially as an increasing number of people are working remotely. Failing to stock the right items doesn’t only result in lost sales. Unhappy customers can ruin a company’s online reputation in a few clicks and if you can’t deliver, one of your competitors most likely can.
Survey Shows Asian Businesses Facing Huge Liquidity Pressures
Supply Chain Brain
JULY 24, 2020
COVID-19 has thrown the global economy into turmoil, interrupting normal operations everywhere, wreaking havoc on supply chains, and causing a severe drop in global trade. Asia, of course, is not immune.
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.
Utilising P2P Software to Drive Spend Culture – Aman Mann from Procurify
The Procuretech Podcast
JULY 22, 2020
Larger organisations tend to use enterprise level ERP systems such as SAP and Oracle, neither of which are particularly user-friendly. In fact, the average person who only uses them to request, approve or receive goods and services will usually find them cumbersome to the point that they find ways around them. Organisations typically react to this by offering solutions such as punch-out catalogues and P-cards, or even third-party integrators and BPO to deal with tail spend.
Supply Chain Weekly Wrap-Up: 07/17/20 – 07/23/20
All Things Supply Chain
JULY 24, 2020
Apple targets a net zero carbon footprint for its entire supply chain by 2030 According to Apple, it is already fully carbon neutral where its corporate operations are concerned.
The Economics of Sustainability in a Post-Pandemic World
Supply Chain Brain
JULY 21, 2020
Here are three segments of your business to reconsider.
The Ultimate Guide to Transportation and Load Building Optimization
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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.
Vendor-neutrality copy
Claritum
JULY 22, 2020
Introduction. “Vendor - neutral describes a state in which no one vendor can control the definition, revision or distribution of a specification.” Gartner. Allowing for broad compatibility and interchangeability of vendors and technology. Why Does it Matter? Avoid Vendor Lock-In. Relationships with vendors are important, however if this results in the vendor being specified, as opposed to the requirement, this is not a good result.
How Will Pandemic Reshoring Affect Transportation Providers?
Supply Chain Brain
JULY 23, 2020
Here's what we might see if the U.S government decides to take a more active role in driving supply chains away from China.
How the Grocery Industry Is Responding to New Consumer Behavior
Supply Chain Brain
JULY 23, 2020
This year's supply-chain shocks are forcing grocery retailers to answer to changing consumer needs — and fast.
How to Deal With Longer Component Lead Times
Supply Chain Brain
JULY 21, 2020
Quick and efficient arrival of electronic components is essential for any equipment manufacturer to run successfully, but long lead times are increasingly causing halts in production. Here's a breakdown of today's blockages — and how to deal with the disruption.
How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software
Advertiser: GEP
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.
Vendor-neutrality
Claritum
JULY 22, 2020
Introduction. “Vendor - neutral describes a state in which no one vendor can control the definition, revision or distribution of a specification.” Gartner. Allowing for broad compatibility and interchangeability of vendors and technology. Why Does it Matter? Avoid Vendor Lock-In. Relationships with vendors are important, however if this results in the vendor being specified, as opposed to the requirement, this is not a good result.
Ivalua Achieves FedRAMP Ready Designation
ivalua
JULY 20, 2020
Federal Agencies now have fast-track access to market-leading, cloud-based technology to digitally transform government acquisition. REDWOOD CITY, Calif., July 20, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that it has achieved FedRAMP Ready status for moderate impact certification and is listed on the FedRAMP Marketplace.
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