All Things Supply Chain

JUNE 6, 2022

Since the pandemic started, hybrid work models had to be adopted by companies in all kinds of industries.

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ProcurePort

JUNE 9, 2022

• The coronavirus pandemic is nearly over. Global supply chains are gradually getting back to their former efficiency and economies are beginning to pick up. • All of this is of course welcome news for a lot of supply chain leaders for whom the past two years have been nothing short of a nightmare. With […]. The post What’s Inspiring Supply Chain Leaders Now appeared first on ProcurePort Blog.

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Supply Chain Efficiency Supply chain Supply Procurement 147

Supply Chain Brain

JUNE 8, 2022

Here are some steps organizations can take to prevent or overcome unexpected supply chain shocks.

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Procurement Leaders

JUNE 9, 2022

Challenge. Like an increasingly large number of companies, T-Mobile sees huge potential benefits from increasing the diversity of its supply base – for two particular reasons: As society becomes more diverse, those companies which do not invest in diversity, equity and inclusion (DEI) initiatives risk being left behind, while those that do can have a positive impact on their customers, suppliers, employees and communities.

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Supply chain Supply Procurement team Suppliers 130

Advertiser: GEP

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

Category management

All Things Supply Chain

JUNE 10, 2022

Shanghai supply chain struggles start to ease but challenges remain Logistics experts have reported that activity has returned to about 80% of levels seen before Shanghai’s COVID-19 lockdowns, showing signs…

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RPF360

JUNE 9, 2022

IT procurement is a mission-critical function in any organization -- but how can you be sure you're selecting the right vendor? Explore how to easily compare vendors, functionality and more using the RFP process paired with RFP management software. The post IT procurement guide: How to, tips and templates appeared first on RFP360.

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Procurement Leaders

JUNE 9, 2022

Challenge. In 2016, Philip Morris International (PMI) first announced its commitment to a ‘smoke-free future’. This involved the company aiming to shift at least 40 million of its adult customers from cigarettes and other combustible tobacco products to smoke-free alternatives by 2025. In March 2021, the company announced an ambition for smoke-free products to account for more than 50% of its total net revenues, also by 2025.

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Category management Strategy Procurement Innovation 130

ivalua

JUNE 9, 2022

The post The Race Towards Carbon Neutrality: Procurement on the Frontline Understanding Decarbonization to Make the Right Moves appeared first on Ivalua.

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Procurement 130

ProcurePort

JUNE 8, 2022

• Most companies rely on secondary systems to store and manage information on their vendors. Most times, it is an accounting or payables management system. • Yet, such systems are not sufficient in an environment where the company has tens or hundreds of vendors. Companies can get away with this when the supply chain is […]. The post Top Vendor Management Problems and How to Overcome Them appeared first on ProcurePort Blog.

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Vendor management Management Supply chain Supply 130

Supply Chain Brain

JUNE 9, 2022

The traditional notion of building resiliency in supply chains is evolving — and it should.

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Supply chain resilience Supply chain Supply 128

Advertiser: ZoomInfo

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

Data

Supply Chain Game Changer

JUNE 8, 2022

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 7 Ways to Create a Great Customer Experience! As a business owner, you understand that your customers are why your business exists. Therefore, it’s vital to consider them in everything you do. Your buyer’s needs should be your company’s number one priority; this will boost your sales and build customer loyalty for the foreseeable future.

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Influencing Supply Chain Efficiency Purchasing Supply chain 116

ivalua

JUNE 6, 2022

Every year, the International Association for Data Quality Governance and Analytics (or IADQGA) runs their Data Quality and Governance study. The 2021 report marked the fifth time they have completed this study and released the results. Joe Yacura, the Founder IADQGA, and Vishal Patel, VP of Product Marketing at Ivalua, recently joined us for an AOP Live session to discuss the findings of the study.

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Data Procurement Quality Suppliers 130

ProcurePort

JUNE 7, 2022

• Supplier performance concerns primarily the ability to meet specific supply requirements. • The statement of work and the supply contract represent two documents highlighting all the supplier’s expectations and work expectations. • There are many methods (and tools) to assess supplier performance. Some of these tools are paper-based, while others are digital or automated. […].

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Suppliers Contract Supply Management 130

Supply Chain Brain

JUNE 6, 2022

The U.S. Food and Drug Administration is cracking down once again on food producers, with a new and tougher requirement for product safety and traceability. .

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supply chain budgeting

Supply Chain Game Changer

JUNE 9, 2022

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Cryptocurrency Functions! Cryptocurrencies are the most lucrative assets in the world right now. However, like any other investment, it has its drawbacks and disadvantages. An example of this is the market’s unpredictability, which is capable of causing serious damage to your portfolio.

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Purchasing Supply chain Risk Import 94

EazyStock

JUNE 10, 2022

Working in supply chain or inventory management can be busy and stressful. Keeping on top of your to-do list, building supplier and customer relationships, and tracking orders and deliveries is challenging even for the most organized and efficient inventory manager. We all use apps in our personal life. Whether paying using our phones, watching TV on the go, ordering in restaurants, or booking a taxi, they make our life easier.

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Real-time Visibility Supply Chain Optimization supply chain software solutions Inventory 52

Positive Purchasing

JUNE 8, 2022

Amid today’s unprecedented inflationary environment, Jonathan O’Brien considers a four-step sequence of tactics that procurement professionals can use to handle suppliers’ price increase demands, minimize their impact and stay in control. Make no mistake, prices are rising, and we won’t see an end to the current inflationary environment for at least a year or two.

Price 52

Price Raw materials Suppliers Negotiation 52

Supply Chain Brain

JUNE 7, 2022

A gauge of supply chain pressure in the U.S. economy fell to the lowest level since December 2020, as activity such as trucking cools from elevated levels with few signs yet of a worrying collapse.

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Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

Innovation

Supply Chain Game Changer

JUNE 8, 2022

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Are Long Term or Short Term Loan Periods Better? If you’re a veteran, thank you for defending the country, putting your life in the line of service, and keeping all citizens protected. Everyone surely appreciates all the hard work and sacrifices you made to make this country safe.

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Import supply chain budgeting Supply Chain Efficiency Purchasing 93

CPO Rising

JUNE 8, 2022

Ardent Partners is back in-person on June 14 at the Harvard Club in Boston from 9:30 a.m. to 1:30 p.m. hosting its inaugural Future of Work event. An invitation is open to procurement executives passionate about the intersection of market trends and workforce dynamics. Click this link to reserve your seat. Consider Ardent Partners’ 2022 […].

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Procurement Chief Procurement Officer 52

Positive Purchasing

JUNE 8, 2022

The supply base has changed beyond recognition – how do we manage this dramatic difference and what is the role of SRM? Procurement has always operated within a changing landscape. But, in recent years, developments in the supply base have been nothing short of unprecedented. As if a global pandemic was not enough to contend with, the world has finally started to focus on sustainability and climate change and these recent developments are transforming much of our supply base.

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Procurement Supply Sustainability Purchasing 52

Supply Chain Brain

JUNE 4, 2022

The global semiconductor shortage that’s bogged down the auto industry for almost two years is showing signs of easing, at least for now.

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Advertiser: GEP

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

Supply chain

Procurify

JUNE 8, 2022

Written by: Delaney Rombough. As businesses grow and scale, oftentimes, so does their supply base and the number of suppliers they work with. As you grow, you want to optimize your supply base. According to Industry Star, most businesses spend 80 percent of their cost of goods sold (COGS) with just 20 percent of their suppliers. . Supply base optimization ensures that you are focusing on working with suppliers that are the most productive and beneficial to your business. .

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Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Supply 52

Procurement Talk with David Byrne

JUNE 7, 2022

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Episode show notes “In procurement, you’re trying to get meetings with people who don’t want to see you, persuade them to do things they don’t want to do, and negotiate a deal. Procurement and sales are very similar in … Continued. The post Transferable Skills and Carving a Career Path in Procurement with MD at Participation, Simon King – Episode 57 appeared first on Talent Drive.

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Procurement Negotiation Chief Procurement Officer Collaboration 52

The Procuretech Podcast

JUNE 7, 2022

This week on the Procuretech podcast, I’m joined by Source-to-Pay (S2P) and implementation specialist Joël Collin-Demers, all the way from Montreal. Source-to-Pay today – Market trends, Roadmaps, and Best-of-Breed vs. Full Suite. Today we’ll be talking about the dynamics of the source-to-pay application market, how to craft a transformation roadmap in that space, and where we see this market going in the future.

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Supply Chain Brain

JUNE 9, 2022

The pharmaceutical industry loses roughly $35 billion annually because of failures in temperature-controlled logistics. Those losses are almost entirely preventable.

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Advertiser: ZoomInfo

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

Buyers

Skill Dynamics

JUNE 7, 2022

Since the 1980’s supply chains have become increasingly global and cost has been a dominant factor in this shift. In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. In doing so, they fired the starting gun on far-shoring.

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Sourcing Raw materials Supply chain Risk 52

Arkestro

JUNE 6, 2022

In June 2022, Spend Matters released the Spring SolutionMap procurement technology benchmarking rankings. This year’s cycle featured 69 leading vendors across ten different technology categories. Spend Matters’ analysts ranked Arkestro’s Predictive Procurement Orchestration platform as SolutionMap’s Value Leader in Sourcing for small, medium, and large enterprises.

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The Good Spending

JUNE 6, 2022

The relationship-based supplier segmentation model In our earlier post, we provided a comprehensive view of the theoretical and practical aspects of outsourcing. Recently, we came across a model to segment vendors by relationship types. It's not only sound in the context of outsourcing but may be applied to structure your supplier relationship management (SRM) strategy.

Suppliers 52

Suppliers Supplier relationship management Contract Risk 52

Supply Chain Brain

JUNE 7, 2022

What does the future of supply chain hold? According to analysts at Gartner Inc.'s Supply Chain Symposium, we should expect a substantial reinvention of supply chain management.

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Supply Chain Optimization