Sat.Jan 08, 2022 - Fri.Jan 14, 2022

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Supply Chain Weekly Wrap-Up 07/01/2022-13/01/2022

All Things Supply Chain

German trade body warns Omicron could damage supply chains Germany’s BGA trade association has warned that huge supply chain disruptions could occur due to the spread of the Omicron variant…

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Purchase Requisition vs Purchase Order: What’s the Difference?

ProcurePort

The world of procurement is so vast and can be quite complex. Common terms such as ‘requisitions’ and ‘purchase orders’ can be easily mixed up. If you’ve ever wondered: What do these terms actually mean? Are requisitions and purchase orders the same thing? How do their roles differ in a procurement life cycle? Keep reading. […]. The post Purchase Requisition vs Purchase Order: What’s the Difference?

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Empowering ESG Objectives and Programs through Source-to-Pay

ivalua

The post Empowering ESG Objectives and Programs through Source-to-Pay appeared first on Ivalua.

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Global Supply Chains Brace for Impact as Omicron Reaches China

Supply Chain Brain

An omicron outbreak in China is sending jitters through supply chains as manufacturers and shippers brace for disruption inside the world’s-biggest trading nation if it can’t contain the fast-spreading variant.

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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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How product packaging affects the supply chain

All Things Supply Chain

The global supply chain operations depend on the synchrony of key players to make sure demands are met as efficiently as possible.

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Procure-to-Pay for Indirect Spend

ProcurePort

Do companies follow the same procure-to-pay procurement steps used in direct spending when making in-house related purchases? The answer is yes. They follow similar procure-to-pay procurement life cycle steps as when buying raw materials for fabrication of goods for sale. But what exactly does procure-to-pay mean and indirect spend as well? Let’s find out.

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4 Route Planning Trends and Innovations!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The History and State of Vehicle Routing! Route planning trends article and permission to publish here provided by Cristina Par. Online shopping has been around for a while now. However, the largest shift in consumer inclination towards online shopping came with the onset of the COVID-19 pandemic.

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The Definitive Guide to Warehouse Management

Supply Chain Brain

Distributors and third-party logistics providers are faced with competitive pressures due to higher customer expectations, higher costs and lack of available people, transportation and space resources. But how do supply chain leaders eliminate these challenges?

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Procurement Management Process – The 2022 Guide

ProcurePort

If you struggled with your procurement management process before, your fight ends here. In this post, we outline 5 key steps that will help you to establish a good framework for properly managing your procurement activities in 2022. In addition, you’ll also find out why you need to ditch legacy management procurement practices for automated […].

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Best of 2021: Procurement 2021: Technology Adoption

CPO Rising

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2021 articles as we reflect on the year and prepare for the new year ahead. Ardent recently completed its sixteenth annual CPO-themed market research study, “The State of Procurement & the CPO”, which is part of an ongoing dialogue that my team […].

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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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5 Supply Chain Myths and Truths!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Fake News or Supply Chain Fallacies? Supply Chain myths article and permission to publish here provided by Sam White at Argentus. Like any other industry, Supply Chain Management comes with its own myths and misconceptions that can easily mislead many businesses. This is especially true when people try to seek out the best way to optimize their Supply Chains – only to actually be slowly sabotaging them and making them more in

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Smart Fleets, Driver Rights: What’s Coming for Trucking in 2022

Supply Chain Brain

Creative problem-solving, with help from modern technology, will help stabilize U.S. trucking and move the industry forward.

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Strategic Development of Supply Partners

NLPA (Next Level Purchasing Association)

When set up right, a supplier development program will lead to producing a trusted business partner. Procurement Teams are responsible for an increasing number of suppliers. Consequently, this increases the probability of doing business with suppliers that fail to perform to their potential. However, this does not mean that perfect supplier performance is an unrealistic goal.

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The Top Contract Management trends of 2022

World of Procurement blog

Over Christmas, I started thinking about the top Contract Management trends for 2022. Essentially, I believe that we will build on the trends that emerged in 2021 as we navigated our way through a new way of living, travelling and existing. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues.

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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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Reason to Invest in PKT Cash Crypto!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is the Right Cryptocurrency Mining Software for You? PKT cash crypto article and permission to publish here provided by Olivia Alex. As technology improves, many individuals and industries need to keep up with digitalization. In other words, they need a faster and more reliable Internet connection.

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Watch: Higher Wages Aren’t Enough to Solve Labor Shortage

Supply Chain Brain

Pushing more money on people won't solve the labor shortage in the supply chain, says Amy David, clinical associate at Purdue University. Greater benefits and childcare are among the things needed to attract and retain workers.

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SCRUM for supply chain management.

Future Purchasing

2021 saw a massive amount of challenge for procurement teams; supply chain management challenges, political changes, trade barriers, COVID related staff shortages in all areas, blocked ports and working from home have thrown it all up into the air. A rapid acceleration of COVID suggests that we might be seeing a repeat of the supply chain management challenges ramping up into the early part of 2022, alongside more staff shortage and more working from home – a return to ‘normal’

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Breaking the Truce: The Critical Conflict of Procurement Process

The Good Spending

The confrontation between procurement and stakeholders One of this blog's readers recently wondered why procurement constantly conflicts with stakeholders and fails to understand them. Possibly, many of my colleagues asked themselves a similar question. As we're trying to cope with the evolutionary changes in the business and facelift (if not upgrade) legacy practices accordingly, we still fear stepping out from our comfortable jurisdiction.

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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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Why is Supply Chain Management Important? Our 10 Best Articles!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Disintermediation of the Supply Chain! GET our EBOOK HERE. There was a time, not so long ago, when Supply Chain was viewed merely as a necessary, but unimportant, back office function. And for many people they still work in an environment where Supply Chain is not given the respect that it rightly deserves.

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New York State Considers the First Fashion Sustainability Law in the U.S.

Supply Chain Brain

New York would become the first state in the nation to require global fashion brands to disclose their climate and social impacts and take action to reduce greenhouse gas emissions under new bill.

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SGN Selects JAGGAER to Manage Sourcing and Contract Management

Jaggaer

The post SGN Selects JAGGAER to Manage Sourcing and Contract Management appeared first on JAGGAER.

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Best of 2021: Procurement and the CPO as Trusted Advisor

CPO Rising

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2021 articles as we reflect on the year and prepare for the new year ahead. The business world is forcing its executives, like the Chief Procurement Officer (“CPO”), to adapt to changing market conditions, customer demands, and technology innovations in […].

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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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Spend Analytics: Expanding a Mature Solution – Sammeli Sammalkorpi from Sievo

The Procuretech Podcast

I’m joined today on the Procuretech Podcast by Sammeli Sammalkorpi, CEO of Sievo, one of the stalwarts of the spend analytics space. The well-known Finnish company were actually founded almost 19 years ago! . During this time, what started out as a simple spend analysis tool has grown to be a comprehensive best-of-breed solution for spend analytics.

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Podcast | Can Manufacturers Prevent Another Microchip Shortage?

Supply Chain Brain

The global shortage of microchips has had a devastating impact on multiple industries, not least automotive manufacturers, who are expected to have lost some $210 billion in 2021 because they couldn’t get enough chips to drive the systems in their vehicles. But how did we get to this state of affairs?

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Orderhive and Cin7 – One Year Into a Great Partnership

Orderhive

Since the merger of Orderhive and Cin7, the combined number of customers has grown to more than 7,000 in 65 countries. The post Orderhive and Cin7 – One Year Into a Great Partnership appeared first on Cin7 Orderhive.

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Best of 2021: eSourcing and Advanced Sourcing Technologies in 2021

CPO Rising

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2021 articles as we reflect on the year and prepare for the new year ahead. One of the striking data points in our 2021 State of Procurement and the CPO report is that the Best-in-Class adopt individual supply management applications […].

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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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Creating a better procurement function — one user, at a time

Zycus Cognitive Procurement

“Grudin’s law: When those who benefit are not those who do the work, then the technology is likely to fail or, at least, be subverted.”. ? Don Norman. In a revealing statistic in Hackett’s latest P2P benchmark report, the gaps in the ‘usability’ of procurement software become evident. As per Hackett, even for Top Performers: only 20% of stakeholders would describe their user experience as consumer-like.

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Clean Energy Shift Doesn't Threaten Saudi Arabia's Oil Empire

Supply Chain Brain

Most transportation today relies on hydrocarbon fuel sources. And despite dreams of a green energy revolution, that’s not likely to change in the near future, according to one of America's foremost experts on Saudi Arabia.

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BT Sourced: procurement rethought

Spotlight on Procurement

In this episode our guest, Cyril Pourrat , Chief Procurement Officer at BT discusses the creation of BT Sourced. BT Sourced is the innovative procurement arm of BT and was established to challenge the traditional ways of buying goods and services, with the introduction of new technology.

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Best of 2021: The 2021 Procurement Benchmarks

CPO Rising

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2021 articles as we reflect on the year and prepare for the new year ahead. The 2021 Procurement Benchmarks represent the performance and operational results of the average procurement department in the market today. The percentage of spend under management […].

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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.