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

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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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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Supply Chain Optimization

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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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

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

Supply Chain Brain

JUNE 6, 2022

From nature to military operations, the ability to offset weaknesses against predators is a key survival strategy. Today’s supply chain leaders should take note.

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Supply chain Risk Supply Strategy 140

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 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

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.

Supply chain

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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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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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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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

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

Bidding

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.

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Price Raw materials Suppliers Negotiation 52

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 Supply 126

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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Procurement Sourcing Contract management Data 52

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

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.

Supply Chain Optimization

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 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 Supply chain management Supply chain management Supply 105

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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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

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Supply Chain Optimization

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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supply chain software solutions Supplier negotiation Bidding Sourcing 52

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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Supply chain Supply 141

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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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

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.

Procurement

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.

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Suppliers Supplier relationship management Contract Risk 52

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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CPO Rising

JUNE 10, 2022

With the release of my 17th annual “State of Procurement” and Chief Procurement Officer research study, my team and I continue our two-decades-long dialogue with CPOs and procurement leaders. And one thing is clear: The competencies and capabilities of procurement organizations continue to evolve and expand. Specifically, in this year’s report, CPO Rising 2022: The Data Revolution, CPOs […].

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Chief Procurement Officer Data Procurement Risk management 52

Procurement Express

JUNE 6, 2022

Here’s how we handle new tickets at ProcurementExpress.com. When you start a chat, we aim to reply within 1 minute and for emails, it’s 10 minutes. Our support is active from 3 am to 6 pm Central time. . If it’s a question we can help you with on the chat, we always aim to do this. But if it’s something we need to create a development ticket for, we’ll create the ticket and communicate that with you.

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Real-time Visibility