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.

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Supply chain Supply Sustainability Suppliers 290

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.

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Risk management Contract Risk Management 130

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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Procurement Procurement team Risk management Risk 130

Procurement Templates

APRIL 10, 2022

While there is no single common format for supplier business reviews, it is clear that there are some proven best practices. These meetings should be part of the contract management process, and while it may seem obvious what to do, it’s important to consider what you’re trying to achieve with these reviews. These are key topics that you should be discussing at your weekly or monthly purchasing team meetings.

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Purchasing Supply Chain Optimization Supply Chain Efficiency Supply chain 130

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Supply Chain Optimization

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…

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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, […].

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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.

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Contract Negotiation Buyers Suppliers 130

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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Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 136

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?

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Strategy Suppliers Data Procurement 130

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.

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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

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.

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Supply chain Supply Inventory Real-time Visibility 111

ABC of Procurement

APRIL 9, 2022

Procurement budget. The post Why is a procurement budget different? first appeared on ABC of Procurement.

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Budget Procurement Procurement team Management 100

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.

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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.

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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

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.

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Raw materials supply chain software solutions Supply Chain Efficiency Supply chain 97

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.

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The Procuretech Podcast

APRIL 12, 2022

The relationship between Procurement and Legal can often be somewhat strained. Procurement's hands are tied because they have to seek legal support. Legal typically is under-resourced to serve the growing needs of procurement teams, especially when Sales often gets priority in the internal legal support pecking order. My guest today is Giles Thompson, Chief Growth Officer of London-based contract process automation tool Avvoka.

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Contract Negotiation Buyers Procurement team 52

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.

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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

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.

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e2e Supply Chain Optimization Supply chain Networking 96

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.

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supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 52

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.

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Management Inventory Order Fulfillment Real-time Visibility 52

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.

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Collaboration Suppliers Supply chain Risk 120

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Supply Chain Optimization

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.

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supply chain software solutions Supply Chain Optimization Supply Chain Efficiency Quality 94

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.

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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.

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Purchasing 52

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.

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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

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.

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Supply Chain Efficiency Supply chain Suppliers Price 93

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.

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Bidding Procurement strategies Contract Procurement 52

Fraxion

APRIL 11, 2022

Over the past two years, the global pandemic has exposed existing weaknesses in global supply chains—high consumer demand and increasing supply chain costs have created difficulties in procurement worldwide, with soaring inflation impacting business spend and, ultimately, profitability [1].

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Supply chain Consumer demands Procurement Supply 52

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. .

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Logistics Price 122

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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.

Real-time Visibility