ABC of Procurement
OCTOBER 23, 2023
Your career as a procurement professional can go in different directions. Knowing the options early help you to specialize. The post Your career in procurement – the two paths first appeared on ABC of Procurement.
ProcurePort
OCTOBER 25, 2023
• Vendor management is essential for cost efficiency, quality assurance, risk mitigation, and fostering innovation through collaborative relationships with suppliers. • Good vendor management strategies involve working together, measuring performance, building relationships, managing risks, integrating technology, and considering supplier diversity.
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SCMR (Supply Chain Management Review)
OCTOBER 24, 2023
Join this webcast to discover unique strategies to overcome these procurement challenges.
ProcurePort
OCTOBER 27, 2023
• Digital transformation in procurement is essential due to the availability of advanced tools, data-driven insights, and collaborative technologies that streamline processes, reduce costs, and enhance efficiency. • Organizations should follow a roadmap for digital transformation, assessing their current state, setting clear objectives, selecting the right tools, educating and training their workforce, measuring progress, and […] The post Why is Now the Time to Digitally Transform Procurem
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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.
Spend Matters
OCTOBER 26, 2023
The ascent of cost reduction and value creation as key focal points for the procurement professional is indisputable. The most direct avenue to addressing both aspects lies in enhancing the efficiency of procurement through dedicated source-to-pay and spend management platforms. This is why, when participating in the 2023 Spend Matters Deloitte Global Chief Procurement Officer (CPO) Survey , which Spend Matters Chief Research Officer Pierre Mitchell assisted in creating, CPOs cited digital trans
Art of Procurement
OCTOBER 26, 2023
“We can’t say we inspire and develop the builders of tomorrow if we’re ruining the planet.” – Tim Guy Brooks, Head. The post The LEGO Sustainability Saga appeared first on Art of Procurement.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
SCMR (Supply Chain Management Review)
OCTOBER 26, 2023
While the percentage of women in supply chain jobs continues to grow, there remains a retention problem once they reach middle-management level positions. Darcy MacClaren of SAP is trying to change that.
SCMDOJO
OCTOBER 27, 2023
Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. It is a skill that needs a strategic approach and it is not something anyone can do. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement.
Supply Chain Trend
OCTOBER 25, 2023
What would a Martian expert in supply chain planning and technology think when looking back at earth? With all technology available on earth would it continue with a 30+ year old, sequential, cascading, rather sluggish, manual planning process with a lack of focus on decision digitisation, decision quality and decision learning? Or would it start with a blank sheet and reimagine IBP?
Supply Chain Dive
OCTOBER 25, 2023
After the COVID-19 pandemic caused worldwide disruptions, executives at four major health systems shared how they’re innovating supply chain tactics.
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.
SCMR (Supply Chain Management Review)
OCTOBER 27, 2023
The expected continued growth in cross-border commerce with Mexico is likely to attract new investment all along the border. The nearshoring activity to Mexico and reshoring to the U.S. will continue for years to come.
Supply Chain Brain
OCTOBER 23, 2023
The UAW’s selective strike strategy has been successful in preserving its strike fund, which implies that the UAW can continue the current pace of strikes for 36 more weeks.
Procurement Freelancers
OCTOBER 27, 2023
In today’s globalised world, where social and environmental issues are at the forefront, ethical sourcing… The post The Role of Ethical Sourcing in Sustainable Supply Chain Management first appeared on Procurement Blog | Procurement & Supply Chain News.
Supply Chain Dive
OCTOBER 24, 2023
Matthew Shay said inventory-to-sales ratios' return to pre-pandemic levels and his conversations with retail executives suggest the period of inflated stock levels are over.
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
SCMR (Supply Chain Management Review)
OCTOBER 25, 2023
Most holiday inventory is already in place, says NRF’s Matthew Shay, as retailers continue to monitor consumer trends.
Spend Matters
OCTOBER 23, 2023
In this Spend Matters Vendor Analysis we provide an overview of AnyData Solutions and its solution for spend analytics, contract management, supplier relationship management and ESG/performance tracking. In the world of business, procurement departments play a pivotal role in shaping an organization’s success. They are the gatekeepers of resources, responsible for sourcing goods and services that drive operations, impact profitability and influence overall efficiency.
Procurement Freelancers
OCTOBER 24, 2023
Are you struggling to streamline your business processes and maximise productivity? Look no further than… The post How GEP Solutions Company Can Optimise Your Business Processes first appeared on Procurement Blog | Procurement & Supply Chain News.
Supply Chain Dive
OCTOBER 25, 2023
Most of the parcel carriers’ deadlines fall in the days prior to Dec. 20 for shippers who want their products delivered before Christmas.
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.
SCMR (Supply Chain Management Review)
OCTOBER 25, 2023
According to the National Minority Supplier Development Council (NMSDC), certified minority-owned businesses generate more than $400 billion in annual revenue and economic output. It also found that companies with diverse supplier bases show a 133% greater return on procurement investments than those without supplier diversity.
Spend Matters
OCTOBER 25, 2023
This second part of our three-part Spend Matters 2023 Vendor Analysis update focuses on the strengths and weaknesses of Tipalti’s AP Automation solution. It also looks at the elements to consider when looking at Tipalti as a potential solution provider. Part 1 provides a history and overview of Tipalti´s AP Automation solution, a company-level SWOT analysis and profiles of competitors.
Procurement Freelancers
OCTOBER 21, 2023
Are you tired of overspending on sourcing and procurement? Look no further! In this article,… The post Cost Reduction Strategies in Sourcing and Procurement first appeared on Procurement Blog | Procurement & Supply Chain News.
Supply Chain Dive
OCTOBER 24, 2023
Despite a constrained global supply of the crop, experts don't believe it will affect sweets makers in the U.S. ahead of the holidays.
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IBM Supply Chain Blog
OCTOBER 26, 2023
A recent IDC report — The Business Value of IBM Maximo — that surveyed 9 companies with an average of 8,500 employees, found that after these companies adopted IBM Maximo, it resulted in: a business benefit of approximately USD 14.6 million, on average, per year per organization; 43% less unplanned downtime per year; and USD 8.6 million in total equipment cost avoidances annually.
Spend Matters
OCTOBER 25, 2023
The third part of this three-part Spend Matters Insider Vendor Analysis 2023 update delivers a deeper overview of each part of Tipalti offering for AP Automation, with a detailed look at each of its modules. We also cap off the series with an analyst summary. The first part provides a company background, Tipalti’ general capabilities, a SWOT analysis and an examination of its competitors.
Supply Chain Brain
OCTOBER 24, 2023
America’s battery supply chain is still in development, but to ensure its resilience and reliability will call for best-in-class professionals.
Supply Chain Dive
OCTOBER 23, 2023
As the U.S. looks to counter China’s dominance in critical mineral supply and processing, it’s leveraging alliances to better share data and resources.
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.
SCMR (Supply Chain Management Review)
OCTOBER 26, 2023
The shutdown of digital broker Convoy has sent shockwaves through the freight world, but it may not be the last freight brokerage to close its doors.
Spend Matters
OCTOBER 26, 2023
The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. In an ever-crowded space it’s hard for those who rely on these platforms and systems to keep ahead of the latest developments. For that reason, Spend Matters analysts make it their mission to scour the market to find those new solution providers that can fulfil a very specialist role to fulfill the procurement needs of toda
Supply Chain Brain
OCTOBER 26, 2023
As food shortages continue to affect consumers on a global scale, it’s high time that business and supply chain leaders move past considering how we got here, and take action to minimize, mitigate and prevent additional shortages.
Supply Chain Dive
OCTOBER 26, 2023
With droughts and heat waves affecting crops and shipping routes this year, the budget committee looked at the rising costs of extreme weather will have on supply lines.
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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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