Sat.Apr 08, 2023 - Fri.Apr 14, 2023

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Top supplier risks and disruptions that Procurement must manage in 2023

Spend Matters

Categories: Procurement Strategy & Planning , Supply Chain , Supply Risk Tags: Sponsored Posts Since the early days of Covid and the immediate blow to global supply chains, the frequency and impact of supply chain disruptions has only increased. During the pandemic, procurement organizations were often the unsung heroes that scrambled to respond to unexpected supply shortages, faltering suppliers and bottlenecked supply chains.

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Top 3 considerations for adopting RISE with SAP to modernize your operations

IBM Supply Chain Blog

Organizations are increasingly seeking more choice and flexibility as they modernize their mission-critical workloads. But each organization is at a different point and has different goals when transforming their businesses and modernizing their SAP environments. Some organizations are looking to improve business operations by moving from legacy ERP to SAP S/4HANA®, SAP’s next-generation ERP software, while others want to replace manual processes with AI and automation.

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Sustainability Issues in Procurement — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainability Issues in Procurement — Embracing Sustainability Sustainability issues are what many businesses should prioritize if they want to continue striving for sustainability in their business operations, especially their procurement activities.

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How not to enter the EU: Short procurement story

ABC of Procurement

Sometimes things go wrong where you did not expect. The post How not to enter the EU: Short procurement story first appeared on ABC of Procurement.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

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.

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Termination Process: Required Steps and HR Procedures for an Effective Termination

Pipefy

Employee terminations are never easy, comfortable, or pleasant and require time and consideration to get right and be performed in a compassionate manner. But if this process is sloppy, unstructured, or unstandardized, employers run the risk of disgruntled employees, tarnished company reputations, uncomfortable conversations, or — worse — legal consequences.

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Developing a Vision for Continuous Change

Art of Procurement

Strategy and tactics. Vision and execution. Procurement organizations have to excel on multiple levels at the same time if they. The post Developing a Vision for Continuous Change appeared first on Art of Procurement.

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Procurement Agents: A Crucial Part In The Journey Of Your Company’s Success

Procurement Freelancers

Procurement is responsible for overseeing all of the processes involved in getting the goods, services,… The post Procurement Agents: A Crucial Part In The Journey Of Your Company’s Success first appeared on Procurement Blog | Procurement & Supply Chain News.

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Top 10 Supply Chain Management Courses to Boost Your Career

SCMDOJO

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. With the ever-evolving business landscape, staying current on the latest industry trends and best practices is crucial for your success. Fortunately, there are numerous courses available to help you develop your expertise in supply chain management, regardless of your level of experience.

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Manufacturers turn to digital twins to improve supply chains

Supply Chain Dive

The burgeoning technology can help companies save time and money, if they can afford the upfront costs of integration and technology training.

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Treaties and Standards for Sustainability — Everything About Sustainability 

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Treaties and Standards for Sustainability — Everything About Sustainability Treaties and standards for sustainability keep the companies in check if they are sustainable in their business operations , especially in procurement.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

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.

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Supply Chain Weekly Wrap-Up 04/07/2023-04/13/2023

All Things Supply Chain

US looks to establish rules for AI After the recent rise in popularity over OpenAI’s ChatGPT, countries are now looking to regulate this industry to prevent data breaches and subdue…

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Head2Head with Martin Coles 

Procurement Heads

For Procurement Heads ‘ latest Head2Head, he spoke with James Dobbin. Could you explain your role at Turner and Townsend? South West and Wales for us is a very large region. There is a clue in the title but is as far as Southampton and Portsmouth, all the way down to the south west tip of the UK, all of Hampshire, Wiltshire, Somerset and Devon, up through Gloucestershire and a chunk of South Wales as well, so a really large geographic area which is home to nearly 500 of our team members no

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Amazon begins charging for some returns made to The UPS Store

Supply Chain Dive

A fee will apply if an Amazon Fresh, Whole Foods or Kohl’s location is within the same distance or closer to the customer’s delivery address.

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Sustainable Environment — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Environment — Embracing Sustainability Sustainable environment is closely linked to the health of each life form living on this planet. Thus, it is important for companies to ensure that their business operations, especially their procurement, do not negatively affect the environment.

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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

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Artificial Intelligence Will be Big in Supply Chain Management, Report Predicts

Supply Chain Brain

AI-enabled supply chains are 67% more effective than their non-AI counterparts, thanks to reduced risks and lower overall costs, market analysis shows.

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Head2Head with Martin Coles 

Procurement Heads

For Procurement Heads ‘ latest Head2Head, he spoke with James Dobbin. Could you explain your role at Turner and Townsend? South West and Wales for us is a very large region. There is a clue in the title but is as far as Southampton and Portsmouth, all the way down to the south west tip of the UK, all of Hampshire, Wiltshire, Somerset and Devon, up through Gloucestershire and a chunk of South Wales as well, so a really large geographic area which is home to nearly 500 of our team members no

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Amazon shifts to regional fulfillment model

Supply Chain Dive

The company has addressed growing complexity in its network by positioning goods closer to end customers, lowering costs and reducing delivery times.

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Sustainable Labor Practices — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Labor Practices — Embracing Sustainability Sustainable labor practices in procurement should be observed to ensure that the employees will have a safe working environment. However, how can you integrate sustainable practices into your business operations?

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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.

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Ivalua Supplier Collaboration Demo

ivalua

The post Ivalua Supplier Collaboration Demo appeared first on Ivalua.

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[Pod] Procurement 6 – April 14th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post [Pod] Procurement 6 – April 14th, 2023 appeared first on Art of Procurement.

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Teamsters tell UPS no national negotiations until regional contracts finalized

Supply Chain Dive

Talks for the nationwide contract have been slated to start April 17, but the union alleges progress on local matters hasn't met the mark.

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Laying to Rest Supply Chain Concerns About Blockchain

Supply Chain Brain

Blockchain has been heralded as revolutionary for many industries, but no application of the technology has undergone the hype cycle boom-and bust quite as much as the supply chain.

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The Ultimate Guide to Transportation and Load Building Optimization

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.

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Top Suppliers on Thomasnet.com for April 2023

The Thomas Blog

A little competition is good from time to time. We should know: we've been working hard to be North America's leading resource for the manufacturing community since 1898. We're not alone, either. Let's celebrate the following ten companies as the leading suppliers last month on Thomasnet.com ® : 1. Triad Magnetics Triad Magnetics is based in Parris, CA.

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Moving Supplier Relationships from Transactional to Strategic

Una

Pain Points in Procurement Series Moving Supplier Relationships from Transactional to Strategic Tips for shifting your supplier relationships from transactional to strategic in an effort produce more cost-saving ideas and value. By Hugo Britt | April 13, 2023 Search Welcome to Una’s Pain Points in Procurement series. Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges.

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3 ways to bolster supply chain cybersecurity as attacks accelerate

Supply Chain Dive

Cyberattacks against supply chains are becoming more common and more sophisticated. A cybersecurity expert gives insight on what companies can do.

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The Challenges and Solutions of Data Interoperability and Integrity in Smart Supply Chain Infrastructures

Supply Chain Brain

Smart supply chain infrastructures have the potential to transform the way we do business, but we need to ensure seamless data interoperability and data integrity.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

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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Understanding Why Conducting A Supplier Audit Is A Good Idea

Procurement Freelancers

It is crucial to make sure you have a dependable source to get products on… The post Understanding Why Conducting A Supplier Audit Is A Good Idea first appeared on Procurement Blog | Procurement & Supply Chain News.

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The Advantages and Disadvantages of ERP Systems

Una

Advantages and Disadvantages of ERP Systems Discover the advantages and disadvantages of utilizing ERP systems to drive efficiencies and cost savings in procurement. By Eric Edwards | April 11, 2023 Search In the world of business software applications, few are bigger and more expansive than enterprise resource planning applications, also known as “ERP” systems.

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Dynamic pricing is slowly making its way into parcel delivery

Supply Chain Dive

FedEx and UPS have been implementing the practice into their operations. But is there a limit to how adjustable rates can become?

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FedEx Overhaul Contemplates a Future With No Drivers on Payroll

Supply Chain Brain

The decision to break from Smith’s approach was cheered by analysts, who raised their stock-price targets or recommendations, even as they warned of challenges.

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The Evolution of Control Towers to Command Centers

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.