Procurement Tactics
NOVEMBER 21, 2022
33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Corporate Social Responsibility — Everything You Should Know. Corporate social responsibility (CSR) is getting attention from a lot of businesses nowadays. But why? . This article will discuss to you what corporate social responsibility is.
All Things Supply Chain
NOVEMBER 25, 2022
China-Russia rail bridge is finally open The first rail bridge connecting Russia and China is finally up running.
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ABC of Procurement
NOVEMBER 21, 2022
Here is a story I would like to share with you from my career. This one is on how I lost a truck full of goods. The post The lost truck – a Supply Chain story first appeared on ABC of Procurement.
Procurement Templates
NOVEMBER 25, 2022
Renegotiate existing agreements – are you using agreements to its full effect, if you are not using them or they no longer serve a purpose terminate them. Monitor cost, use an invoice checking company to look for errors where money can be re-claimed. Is the specification over engineered, do you need a rolls royce compared to a mini, are things sufficiently clear to avoid scope creep.
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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.
Procurement Tactics
NOVEMBER 23, 2022
33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know. Corporate social responsibility (CSR) is adopted by many businesses. However, what is its impact on procurement? . In this article, we will discuss what corporate social responsibility and sustainable procurement are.
All Things Supply Chain
NOVEMBER 21, 2022
Warehouse management teams know the holidays are a time of joy and challenges.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Procurement Templates
NOVEMBER 25, 2022
1) Avoid large meetings. According to Musk, “excessive meetings are the blight of big companies and almost always get worse over time.” To make meetings more effective Musk suggests fewer of them unless there’s an urgent matter to address. 2) Leave a meeting if you’re not contributing. Similar to rule one, if an employee finds they cannot contribute successfully to a meeting then they should be allowed to leave with no repercussions. “It is not rude to leave, it is rude t
Procurement Tactics
NOVEMBER 25, 2022
33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. What Government Contractors Should Know About the 2022 Recession. Decreases in U.S. gross domestic product (GDP) have spurred forecasts for a recession in 2022. However, the country won’t officially be in a recession unless it’s announced by economists in the Business Cycle Dating Committee. .
Art of Procurement
NOVEMBER 21, 2022
“The stigma associated with outsourcing is from bad experiences. I think so many people have hired an outside firm with. The post [Pod] The Great Procurement Talent Reshuffling w/ Joe Payne and Jennifer Ulrich appeared first on Art of Procurement.
Supply Chain Game Changer
NOVEMBER 19, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. An Acquisition Gone Wrong! A Coup D’Etat in the Boardroom! When two companies decide to combine their talent and resources in order to engage in larger markets, you will often find that a merger is on the table. If you’re looking at a future where your company will be a part of a merger or acquisition, then you might worry about how to navigate the process.
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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 Dive
NOVEMBER 23, 2022
Maersk, Zim and Matson are rightsizing capacity across several trade lanes, including some Transpacific routes affected by cargo diversions.
Procurement Tactics
NOVEMBER 24, 2022
33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Responsible Sourcing — Everything You Should Know. Responsible sourcing requires a shift from the traditional way companies source their needs. However, what is responsible sourcing? This article will discuss what responsible sourcing is.
Procurement Bulletin
NOVEMBER 19, 2022
UPS and Fedex Raise Rates. Despite evidence of slowing shipping demand, UPS and Fedex announced they will raise rates by about 6.9%. That doesn’t include other potential additional increases in shipping costs. Seems like another gut-punch to shippers. Saffron Made in Texas. Iran is the world’s largest producer of Saffron, one of the world’s most expensive spice.
Supply Chain Brain
NOVEMBER 20, 2022
The push toward nearshoring comes as global supply chains are scrutinizing their supply chains like never before — and with good reason.
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
Sourcing and Supply Chain
NOVEMBER 19, 2022
Logistics has been an indispensable part of the Supply Chain, generally known and seen as a cost centre. Organizations and Nations have been deploying strategies to reduce logistics costs to a minimal percentage of the total material and supply chain costs globally. Multi-modal strategies involve a combination of Road, Rail, Air, Ocean, and Inland Water Transportation that has been vital to reducing costs and meeting delivery schedules without impacting the quality of material being shipped.
Procurement Tactics
NOVEMBER 20, 2022
33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Sustainable Business — Everything You Should Know. Sustainable business is embraced by many big companies as consumers are more concerned about the ethical standards of companies in making and operating their business. However, what is a sustainable business?
Procurement Bulletin
NOVEMBER 24, 2022
Nike Feels Squeeze by Strong Dollar. Companies that make sales internationally but have a base currency of USD usually don’t like to see too strong a US dollar. As the US dollar is currently so strong, it’s hitting the bottom line of companies such as Nike. Lumber Prices Come Back Down to Earth. During the pandemic and supply chain crisis of the recent two years, builders saw sky high lumber prices, but now that supply chains are easing, lumber prices are coming back down to pre-pand
Supply Chain Game Changer
NOVEMBER 25, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Top Considerations in Credit Card Consolidation. They make it so easy, don’t they? Those credit cards. Many of us have a dysfunctional relationship with them. We both appreciate and resent them for their ease of use and convenience. It certainly is easy to overuse them. Effectively managing credit card balances is more than a notion.
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.
Art of Procurement
NOVEMBER 25, 2022
Procurement 6 is a new short podcast from Art of Procurement that will be published in the Art of Procurement. The post [Pod] Procurement 6 – November 25th, 2022 appeared first on Art of Procurement.
Supply Chain Brain
NOVEMBER 22, 2022
It's critical for women working in procurement and supply chain to know their own worth so they will be better able to negotiate improved financial outcomes for themselves.
Supply Chain Dive
NOVEMBER 21, 2022
Learn how AI, robotics, and automation can actually help improve safety in environments that are traditionally hazardous.
Supply Chain Game Changer
NOVEMBER 23, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Understanding the Bitcoin Mining Process! The cryptocurrency industry has exploded in recent years. While many have spoken of the bubble bursting, the trade is still very much alive and kicking. One aspect of the industry that plays a vital role in its success is crypto mining. In this guide, we’ll explain what the mining process involves, whether or not it’s a tough thing to do, and if you do want to give it a try, we’ll exp
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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.
Strategic Sourceror
NOVEMBER 23, 2022
Supply chains abhor unpredictability, and throughout much of the past year, inflation has made unpredictability a regular occurrence, a reality that has affected how product-based businesses respond to demand from their customers as their budgets get stretched to the limit. And while inflation tempered slightly in October, it continues to handicap the economy as well as the prospect of the nation's overall supply chain achieving some level of normalcy.
Supply Chain Brain
NOVEMBER 20, 2022
Corporate leaders are looking to their supply chains for opportunities to work toward environmental, social and governance (ESG) goals. .
Supply Chain Dive
NOVEMBER 23, 2022
Lower demand as a result of cargo shifting to the East Coast has helped clear the 25-month backlog.
Supply Chain Game Changer
NOVEMBER 21, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Importance of the International Shipping Industry! As e-commerce has grown in popularity, so has international shipping. Since this new system allows you to buy goods from other countries, you must know all about international shipping, from what to expect when shipping from another country to avoiding fraud.
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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.
Strategic Sourceror
NOVEMBER 23, 2022
For deal hunters, the day after Thanksgiving — Black Friday — is the can't-miss sales event of the year. From big-box franchise operators to small-business owners, sellers of all stripes and sizes often offer dramatic discounts to encourage people to shop in store or online. With inflation raging, millions of budget-minded buyers will be sure to take advantage of the price reductions while they last.
Supply Chain Brain
NOVEMBER 21, 2022
Between droughts, floods, fires and violent storms, climate change is already impacting ports, highways and factories, and worsening conditions will increase the pressures felt on the supply chain. .
Supply Chain Dive
NOVEMBER 22, 2022
The move comes as the chipmaker, in partnership with Qualcomm, will spend $4.2 billion to expand its New York facility.
Supply Chain Game Changer
NOVEMBER 25, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Crowdfunding Fulfillment Solutions: Things You Should Know About. A fundraising campaign has to be strategically executed. This assertion is not necessarily about doing some complex things. It simply has to do with keeping minute details in sight while seeing the big picture – a good (fundraising) return.
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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.
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