The Amazing Supply Chain of McDonalds
All Things Supply Chain
APRIL 11, 2022
*Disclaimer – This isn’t a commercial blog post.* Back in 1940, brothers Richard and Maurice McDonald, founded McDonalds in San Bernardino, California, USA.
Sat.Apr 09, 2022 - Fri.Apr 15, 2022
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7 Reasons to Hire a Supply Chain Consulting Firm
SCMDOJO
APRIL 15, 2022
The first question you may probably be thinking is, why do I really need to hire a Supply Chain Consulting Firm? As a business leader or senior manager in a firm that does not typically use supply chain consulting solutions, you may wonder what additional value or experience can be offered. It can be a minefield and sometimes not overly obvious how to justify whether you need to hire such a firm, this blog will address this with providing 7 reasons to hire a supply chain consulting firm.
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The Supply Chain Ripple Effect of Digital Labels
Supply Chain Brain
APRIL 13, 2022
Taking a holistic view, executives are looking to implement technology and processes that enable resilience not only to address the current supply chain landscape, but to future-proof for the next set of challenges.
4 Contract Risk Management Tools To Protect Your Organization
ProcurePort
APRIL 14, 2022
• In procurement circles, a company is likely to have multiple contracts with suppliers. Most of these contracts are tens or hundreds of pages long. • Reviewing them manually is not only time-consuming but also challenging. • Manual reviews can also be expensive when a large team is required to continually assess new contracts. Contract […]. The post 4 Contract Risk Management Tools To Protect Your Organization appeared first on ProcurePort Blog.
From Reactive to Resilient: Charting Your Supply Chain Maturity
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Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.
Supply Chain Weekly Wrap-Up 04/08/2022-04/14/2022
All Things Supply Chain
APRIL 14, 2022
China’s vehicle sales drop as COVID-19 restrictions are put in place Car sales in China fell by over 10% last month as automakers continue to struggle with factory closures due…
5 Top Tips: How to Increase Procurement Agility in Financial Services:
ivalua
APRIL 12, 2022
5 Top Tips: How to Increase Procurement Agility in Financial Services. Financial Service Institutions (FSIs) face an increasingly volatile business climate as lending profits dwindle and digital competition rises. As well-established institutions feel the ever-increasing weight of regulation on their operations, newer banks entering the marketplace are not experiencing the same constraints.
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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
Indirect Procurement Process Flow
ProcurePort
APRIL 13, 2022
• An organization’s procurement efforts can be split into two main categories; there are items that go directly into the final product of the company and those that do not. • The indirect procurement process flow includes activities to purchase goods and services that aren’t traceable in the final product. These items include office supplies, […].
'Micro' Robotic Solutions Are Headed for Mom-and-Pop Warehouses
Supply Chain Brain
APRIL 13, 2022
Technologies are coming online that can allow companies with a smaller footprint, or with workflows in tighter spaces, to reap the benefits of robotics and automation without having to write a giant check.
Ivalua Further Grows its Procurement Solution Business in Canada
ivalua
APRIL 11, 2022
Canadian-based TELUS implements Ivalua’s EPS solution to digitize the entire end-user buying process. Redwood City, CA, April 11th, 2022 – Today, Ivalua – a leading provider of global Spend Management Cloud solutions , and Optis Consulting – a trusted implementation partner, announced that world-leading Canadian communications technology company, TELUS, has successfully implemented their electronic procurement solution (EPS) to digitize TELUS’ entire end-user buying process. .
Indirect & Consequential Loss
Procurement Templates
APRIL 9, 2022
I recently had to negotiate some terms and the clause for indirect and consequential loss popped up. As a buyer I want to ensure that all loses are remedied but from a suppliers perspective they want to limit any loss that is indirect & consequential and often want to remove this. Sometimes the clause is joint sometimes parties disagree. I had to go away and think about how I wanted to play this one.
The 2nd Generation of Innovation Management: A Survival Guide
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?
What is the Purpose of IT Supplier Strategy?
ProcurePort
APRIL 12, 2022
• Did you know that the average business is using up to 80 IT-sanctioned Software-as-a-Service (SaaS) apps? This is a 10-fold increase since 2015. • And, according to Gartner’s 2020 I&O Leaders Survey, SaaS solutions are here to stay. Prominent data bureau Statista agrees and predicts the SaaS global market to reach $138 billion in […]. The post What is the Purpose of IT Supplier Strategy?
It’s All About CX in Last-Mile Logistics
Supply Chain Brain
APRIL 14, 2022
With the decrease in brand loyalty, customer experience (CX) has become the new frontier to conquer, as businesses are no longer competing on price or product. .
The Fear of Running Out (FORO) in Supply Chain!
Supply Chain Game Changer
APRIL 12, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Confessions of a High Priced Expediter! By definition, Supply Chain is responsible for the continuity of supply and inventory of goods and services. If supply lines are disrupted, or if inventory runs out, Supply Chain is on the hook to restore supply. Supply disruptions can bring a company to a grinding halt, compromising customer deliveries, revenue and profitability.
Why is a procurement budget different?
ABC of Procurement
APRIL 9, 2022
Procurement budget. The post Why is a procurement budget different? first appeared on ABC of Procurement.
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.
Best Excel Functions for Inventory Management
Finale Inventory
APRIL 15, 2022
Inventory control formulas in Excel can increase the efficiency and productivity of your business as you become more organized in your inventory management. As your business grows, you need to keep up with the growing demands, and Microsoft Excel can help you do that. 20 Useful Microsoft Excel Formulas for Inventory Management. Basic inventory management is easier with inventory management Excel formulas.
Watch: Has the Pandemic Permanently Changed Last-Mile Delivery?
Supply Chain Brain
APRIL 10, 2022
Final-mile delivery will not go back to pre-pandemic levels, says Khaled Naim, chief executive officer and co-founder of Onfleet. Shippers need to make adjustments.
What is Fabrication Automation?
Supply Chain Game Changer
APRIL 14, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Compare Metal Fabricators! The literal meaning of fabrication is the action or process of inventing something. In a manufacturing context, it means adding value to semi-finished parts or raw materials and making something out of them e.g. metal fabrication is the process of creating metal structures by cutting, bending, and assembling metal pieces that are used in making machines, parts, and structures.
Ardent Partners’ Procurement Metrics that Matter in 2022
SpendHQ
APRIL 13, 2022
Whether it is a pandemic that impacts the global population, a risk event with a devastating impact on a single industry, or competitive pressures that drive a business to the brink of bankruptcy, the extraordinary impact that strong procurement results can have on operations and the bottom line can help the enterprise forge through difficult waters, mitigating supply risk, battling against inflation, and assuring supply.
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
Why you need a good supply chain strategy
EazyStock
APRIL 13, 2022
What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits. Supply chain strategies have come into the spotlight as volatile demand and complicated global markets have made supply chains more complex.
China Port Congestion Worsens as 477 Ships Wait to Berth
Supply Chain Brain
APRIL 10, 2022
Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain into the country.
Modernization is not Digital Transformation!
Supply Chain Game Changer
APRIL 11, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is a Digital Transformation? I recently had the privilege of attending a program at MIT’s Sloan School of Management about Organizational Design for Digital Transformation. My curiosity on the topic, inspired by the daily barrage of articles, emails, white papers, and webinar invitations on digital transformation, piqued my desire to get to the bottom of what it is or isn’t by way of an informed, expert source.
8 Mistakes You Might Be Making In Your Supply Chain
The Network Effect
APRIL 13, 2022
The post 8 Mistakes You Might Be Making In Your Supply Chain appeared first on The Network Effect.
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.
5 Reasons Why You Need an Order Management System
Finale Inventory
APRIL 12, 2022
An order management system can shape the way you run your business, increasing your productivity and morale amongst your employees — and so much more. Here’s more on why you should consider making the investment and the benefits of order management systems. What Is Order Management? Order management is the process of integrating orders from multiple channels through the use of databases, data collection, processing orders and order fulfillment.
Collaboration, Clarity, Compliance: A Guide to Supplier Resilience
Supply Chain Brain
APRIL 9, 2022
Whether you manufacture food, pharmaceuticals or automobiles, the long tail of the supply chain is becoming increasingly complex, with the potential to introduce significant risk to the organization.
How to Reduce Software Development Cycle Time!
Supply Chain Game Changer
APRIL 13, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Software Penetration Testing Tools and Techniques! There are many indices to determine the general success of the software development team. Brilliant ideas, successful applications, developers’ experience and qualifications, the company’s profit, and so on. Today we’ll pay attention to the delivery cycle time and its meaning for both developers and their ordering customers.
Talent Talks Live March 2022 with Guy Battle, Paul Bestford, Jonathan Bearn & Kathryn Gillard – Episode 55
Procurement Talk with David Byrne
APRIL 12, 2022
Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Episode show notes “It’s not about the ‘what’, it’s about the ‘how’, and I don’t think we’re doing enough with the ‘how’ at the moment in the private sector.” As social value remains front and centre of public sector … Continued. The post Talent Talks Live March 2022 with Guy Battle, Paul Bestford, Jonathan Bearn & Kathryn Gillard – Episode 55 appeared first on Talent Drive.
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.
Enterprise software – be careful what you wish for
Purchasing Insight
APRIL 12, 2022
I have evangelised cloud solutions for many years and whether it’s Ariba, Coupa or any other cloud solution, they are built from established best practice – “best practice out of the box”. The post Enterprise software – be careful what you wish for appeared first on Purchasing Insight.
Truck Blockade at U.S.-Mexico Border Imperils $440 Billion Trade
Supply Chain Brain
APRIL 11, 2022
A Mexican truck blockade at a key Texas bridge is diverting U.S.-bound cargoes to far-flung crossings, worsening shipping snarls and raising the specter of delivery disruptions for everything from avocados to auto parts.
Reasons Why Utility Bills Are Going Up!
Supply Chain Game Changer
APRIL 14, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Small Business Cost Cutting: A Short Guide! According to research, companies and homes are witnessing a sharp increase in utility bills. So, why are you witnessing increasing energy bills? This article is going to highlight the key reasons why your energy bills are on the rise. Introduction.
Earth Day – Offsetting our Carbon Emissions
Value Match
APRIL 12, 2022
Categories. Best Practice Guides. Bid Management. Business. Case Study. Circular Economy. Community Story. Contract for Change. Environment and Climate. Equality and Inclusion. Government Buying Standards. House of Commons Committee of Public Accounts. Human Rights and Modern Slavery. Legislation. National Audit Office Reports. News. Procurement Best Practice.
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.
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