Sat.Aug 20, 2022 - Fri.Aug 26, 2022

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Five reasons to consider a public sector procurement career

Procurement Heads

1. The people. In my experience and having spoken with many procurement professionals from all areas of the public sector, they are some of the loveliest people you’ll meet. Everyone is passionate about the work they do, and the environment fosters a sense of support and collaboration rather than competition. 2. Progression. Most public sector organisations have defined roles and bandings with clear succession plans and opportunities for progression.

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Sustainability in Procurement: Strategies and Challenges

ivalua

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments. Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring an

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Procurement Speakers 2022 – 10 Most Popular Experts

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Procurement Speakers 2022 – 10 Most Popular Experts. Procurement speakers share their knowledge to inspire people in procurement that they are making a difference in the world. However, not all in the field of procurement are updated as they are more focused on their work. .

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Procurement KPIs: How to quantify value and measure success

RPF360

How do you measure the success of your procurement team? By establishing key performance indicators. Procurement KPIs quantify, capture and report the efficiency and effectiveness of the department. Explore cost, operational, supplier and individual KPIs. The post Procurement KPIs: How to quantify value and measure success appeared first on RFP360.

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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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How Anyone Can Lead a Successful Procurement Negotiation

ProcurePort

• In most industries, the power equilibrium has shifted from buyers to suppliers. A classic example is the railroad industry. In the 1900s, North America had 35 suppliers of cast railroads, and companies could choose among these. • A century later, no one has this essential comfort of suppliers because the number of suppliers has […]. The post How Anyone Can Lead a Successful Procurement Negotiation appeared first on ProcurePort Blog.

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In-house vs. Managed Service EDI – Which is right for you?

All Things Supply Chain

Due to its ability to digitise and simplify the exchange of business documents, electronic data interchange (EDI) has been adopted by 85% of companies, including top names like Amazon.

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Carbon Neutrality by 2050: The Net Zero Journey

ivalua

As a Procurement Leader, carbon neutrality by 2050 should be a central focus and Dr. Natacha TrĂ©han’s comprehensive research offers practical tips to get you on track. First, let’s start with procurement and how it plays a significant role in reducing the carbon footprint with 3 key areas of impact: – Actions with suppliers. – Actions on the products and services purchased. – Actions on the way you buy. 1.

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Benefits of Supplier Quality Management

ProcurePort

• Supplier quality management is the proactive and often collaborative approach to ensure that a supplier delivers goods and services of the highest quality. • Quality is evaluated using predetermined specifications about the product and service itself, but it also encompasses other variables. These include the timeliness of delivery, quantities, and price.

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Why Master Data Management Is the Crux of Supply Chain Resilience

Supply Chain Brain

To help safeguard their supply chains against future unpredictable events, organizations can implement a master data management (MDM) strategy as a foundation for strong risk mitigation during times of crisis.

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Contract Management Process — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. However, it is sometimes overlooked and usually done through a manual process. .

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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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How To Meet The Needs Of B2B & Industrial Buyers [Updated 2022]

The Thomas Blog

No matter your role — sales, marketing, operations, or leadership — you have a lot to accomplish. And so do the buyers of your company's products or services. By understanding what your buyers have on their plates, you can more easily accomplish one of your most important tasks — generating more leads and contributing to your bottom line. We have more than 120 years of expertise in connecting industrial buyers and suppliers, and we're happy to help share all we've learned from our data and relat

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Supplier Contract Negotiation In Procurement: 5 Things to Remember

ProcurePort

• In the business world today, delivering the highest possible value from the supply chain depends a lot on the kind of supplier relationships an organization can maintain. • Relationship management begins from vendor prequalification, to contracting, and eventually to performance and evaluation. The contracting process is often a complex one and understandably so.

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Real-time IT: Gaining ground in supply chain and logistics

All Things Supply Chain

Complex processes demand ever faster response times and decisions across the entire supply chain.

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Tail Spending — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Tail Spending — Everything You Should Know. Many people in procurement do not have an idea what tail spending is. This is due to the fact that it is often ignored and can easily go unmanaged by many organizations. However, through the years, it has finally gotten its time to get noticed.

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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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Protected: Delivering the European Green Deal: The Decisive Decade

ivalua

This content is password protected. To view it please enter your password below: Password: The post Protected: Delivering the European Green Deal: The Decisive Decade appeared first on Ivalua.

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Our 2022 Top 10 Articles Plus One!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. It has been another exciting year for sure, with supply disruptions and issues continuing to keep Supply Chain in the headlines, impacting every aspect of our lives. The year is also marked by the end of the global Coronavirus pandemic and its restrictions, which has caused us to add content about what the future of Supply Chain could, or really should, become.

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Watch: Do Customers Really Care About Sustainable Shipping?

Supply Chain Brain

The answer is yes: Customers are increasingly demonstrating a commitment to sustainable shipping, even if that means waiting a bit longer for their orders to arrive, says TJ Roberts. vice president of enterprise accounts with Sifted.

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Purchasing Group — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Purchasing Group — Everything You Should Know. You may have a hint of what purchasing group is due to its name. However, many people still do not know how it works and why organizations do this. . In this article, we will discuss what purchasing group is.

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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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Meredith Singletary on the Human Side of Supply Chain

Let's Talk Supply Chain

Over the last three years, we’ve all seen the human side of supply chain as frontline workers and supply chain leaders have found solutions to keep communities thriving through a decade defined by constant disruption. Between climate-driven events, COVID closures, and continually growing talent gaps, the human side of supply chain is an important element that needs to come into focus—both the impacts of supply chain disruption on consumers, their communities and families.

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Rethinking Global and Local Manufacturing!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? In today’s business climate, many companies are grappling with the decision of whether to manufacture their products locally or overseas. With the global pandemic changing so much in the world, that discussion around global and local manufacturing has become even more complex.

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Addressing Data Challenges With Supply Chain Visibility

Supply Chain Brain

Because global modern supply chains are incredibly complex, involving a vast network of manufacturing and logistics personnel, even simple mistakes can result in lengthy delays.

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New Version –Integrative Negotiation

Procurement Tactics

33 Procurement Interview Questions in 2022. The post New Version –Integrative Negotiation appeared first on Procurement Tactics.

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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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The Discovery of Procurement Value

The Good Spending

Procurement value demystified Unfortunately, "procurement value" became another buzzword – everyone tells us to generate, capture, and sustain it. This post attempts to provide the most comprehensive view on procurement value and practical methods of its realizations compared to many other web sources replicating slogans and mystifying logical and straightforward concepts.

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The Importance of a Strong Supply Chain and Logistics Strategy!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. These materials were then transferred to barges and rail cars for delivery, and finally to terminals where they were packaged into shipping containers for final delivery by rail.

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Monkeypox Vaccine Maker Seeks Partners in Race to Meet Demand

Supply Chain Brain

Bavarian Nordic A/S, the only company with an approved vaccine for monkeypox, said it’s no longer certain it can meet demand and is talking to multiple production partners as cases rise across the world. .

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How to Improve Collaboration Between Procurement and IT

Una

How to Improve Collaboration Between Procurement and IT. By Hugo Britt | August 23, 2022. There’s an iconic scene in the 1951 sci-fi classic The Day The Earth Stood Still when the killer robot, Gort, first steps out of its spacecraft. The assembled politicians, journalists, and soldiers quickly realize that Gort is so unreadable, so alien , that there is little hope of understanding, communication, or peace.

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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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Accounts payable automation: what, why, & how

Spendesk

We go on and on about the benefits of automation. And the concept is pretty simple: you take slow, repetitive processes that normally waste hours or days each month , and let smart software take care of them for you.

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Communicating Procurement

Positive Purchasing

Jonathan O’Brien considers how procurement can improve its brand image, develop effective internal communication strategies and implement cross-functional working in order to deliver organizational value. Let’s face it, procurement has something of an image problem. Fundamentally, that’s because people don’t understand what it does. To many, it is simply the function that buys the pencils.

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West Coast Port Labor Talks Stalled Over Union Conflict

Supply Chain Brain

Labor negotiations between dockworkers and employers are at a standstill because of a fight between two unions over who maintains equipment at a terminal at the Port of Seattle.

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Episode 79: User-Centric MRO Spend Management with Mike Franz

Una

Episode 79: User-Centric MRO Spend Management with Mike Franz. By Kelly Barner | August 24, 2022. B2C consumer experience expectations have been bleeding into the commercial sphere for a long time, but with the disruption of the last two years, that trend seems to be accelerating. Not only are manufacturing companies looking to improve the experience they offer distributed buyers of MRO supplies, procurement is more aware of the experience expectations as well.

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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.