Sat.Feb 04, 2023 - Fri.Feb 10, 2023

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Is a career in procurement future-proof?

Procurement Heads

The same questions can be asked of a career in procurement. With advancements in automation and artificial intelligence, many industries are seeing a shift in how work is performed, and procurement is no exception. However, despite these changes, a career in procurement can still be considered future proof for several reasons. The evolving role of procurement Procurement has come a long way from its traditional role of simply purchasing goods and services.

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The Future of Sourcing Procurement Technology

HICX

In our latest Supplier Experience Community session, which was our first for 2023 and which brings together executive attendees from leading global brands, we were delighted to welcome Dr Elouise Epstein from Kearney and Lance Younger of ProcureTech. They joined us to talk about the rapidly changing ways in which procurement technologies are being sourced, from agile tech sourcing through to the rise of the procurement garage, incubators and accelerators.

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Top 5 Challenges in WMS Implementation

SCMDOJO

WMS implementation is a crucial process for companies that need to streamline their operations and improve efficiency. The implementation of a warehouse management system (WMS) can bring many benefits, such as improved inventory accuracy, reduced labor costs, and enhanced customer service. However, the implementation of a WMS can also be a challenging process, with many potential obstacles to overcome.

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5 Ways to Use Machine Learning in the Packaging Industry

All Things Supply Chain

Supply chains are embracing digital transformation, and packaging industry technology must evolve to keep up and support this trend.

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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 to Get Your CEO to Care About Procurement

Una

How to Get Your CEO to Care About Procurement Learn how to get your CEO to care about procurement by engaging the C-Suite to help increase the function’s impact and value. By Hugo Britt | February 7, 2023 Search According to research by Harvard Business School’s Michael Porter and Nitin Nohria published in Chief Executive.net , CEOs spend only one percent of their time with suppliers.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Ivalua Blog [ivory-search] Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike February 10, 2023 | | Procurement Strategy Mitigating EMEA Inflationary Pressures Through S2P Solutions In the EMEA region, organizations are increasingly facing an uphill battle against inflation – one that can be particularly hazardous when it comes to making procurement decisions.

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Supply Chain Weekly Wrap-Up 02/03/2023-02/09/2023

All Things Supply Chain

Amazon to streamline operations after unprofitable year After reporting a $2.7 billion loss in 2022, Amazon is now focusing on streamlining operations in an attempt to recover and boost productivity.

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3 ways to attract talented procurement and supply chain interims

Procurement Heads

Attracting talented procurement and supply chain interims is an important task for any organisation looking to fill a temporary gap in their procurement and supply chain operations. And, across the Interim recruitment team at Procurement Heads , we have continued to see huge demand from clients looking to bring in short to medium-term support. The right interim can bring valuable experience, skills, and expertise that can help your organisation move forward.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures.

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A Look at the Current State of Procurement Recruiting

Art of Procurement

The last few years in procurement recruiting have been wild – just like the external conditions procurement professionals have been. The post A Look at the Current State of Procurement Recruiting appeared first on Art of 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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4 Ways Manufacturers Can Improve Supply Chain Visibility

All Things Supply Chain

Supply chain visibility has become a make-or-break point for industries and companies worldwide. It is seen as a potential panacea for recent issues and breakdowns.

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10 questions to ask a procurement recruitment agency before partnering with them

Procurement Heads

However, it’s important to choose the right agency to partner with to ensure a successful hiring campaign. Before making a decision, it’s crucial to ask the right questions to determine if the agency is the right fit for your company’s needs. So, we’ve put together 10 questions to ask before partnering with a procurement recruitment agency.

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Severe graphite shortage looms as EV sales surge

Strategic Sourceror

With more Americans buying rechargeable cars — and several automakers expanding their hybrid and all-electric offerings — the automotive industry is turning to the rare earth metals market. These materials, namely lithium, cobalt, nickel and several others, are critical for manufacturing the lithium-ion batteries electric and hybrid cars need.

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Buyer Power Score – Pest Control Services

Art of Procurement

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Pest Control Services appeared first on Art of Procurement.

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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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Episode 101: Maximizing the Value of Strong Supplier Partnerships with Juli Lassow

Una

EPISODE 101 Maximizing the Value of Strong Supplier Partnerships with Juli Lassow By Kelly Barner | February 8, 2023 After all of the turbulence of the last few years, relationships between procurement and suppliers have reached a place of stability – at least for now. And yet, given their experiences, both groups are re-examining what they want to get from their most strategic partnerships and how to make that possible.

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How should companies be responding to the current energy market?

Procurement Heads

“How should companies respond to the current energy market?” It’s a question I’ve been asking candidates for my recently retained Category Lead – Energy role at Alliance Healthcare. The energy market in the UK has been a hot topic for months now, with a number of changes taking place that are affecting businesses of all sizes. Currently, wholesale gas and electricity prices have been fixed for firms from October until March 2023, but the help is under review due to the cost.

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Supply Chain Lessons to Bring into 2023

Supply Chain Brain

Today’s fast-moving, consumer-centric world requires a supply chain that’s significantly more complex, now accounting for sustainability and resilience as well.

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Considerations To Make When Hiring A Procurement Consultant

Procurement Freelancers

Everyone is aware that exceptional individuals must be hired in order for a company to… The post Considerations To Make When Hiring A Procurement Consultant first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Customer enablement offers supply chain orgs a pipeline to increased revenue

SCMR (Supply Chain Management Review)

A survey released on Tuesday by Gartner has found that less than one-quarter of supply chain organizations have adopted customer enablement to the extent necessary to truly put the customer first.

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CPO Spotlight: Magdalena Shakallis

Procurement Heads

For Procurement Heads ’ latest CPO Spotlight, Magdalena spoke with Rupert Gaster about why she chose to complement her procurement career with end-to-end supply chain roles and what drives her curiosity. Can we start by getting to know who you are and what you currently do? I come from Poland, but moved to the UK in 2009, and lived in Chile for three years in the meantime.

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Can AI Turn the Tide Against Product Counterfeiters?

Supply Chain Brain

It’s getting increasingly hard to tell real from fake in so many aspects of life today, but at least one sector might be poised for a reversal of that trend, thanks to technology.

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Pros Of Having A Procurement Agent For Your Company

Procurement Freelancers

Finding the ideal things has never been simpler than in the era of the big… The post Pros Of Having A Procurement Agent For Your Company first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Muted 3PL growth forecast by Armstrong

SCMR (Supply Chain Management Review)

A recently-released report by supply chain consultancy Armstrong & Associates highlights the pandemic-driven swings the 3PL sector has seen in recent years, and forecasts slower growth in the years ahead.

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The Big Interview Ed Cross

Procurement Heads

He defines and drives business strategy, leading teams across different geographies and cultures and he has delivered procurement transformation (process, people, technology, organisation) and procurement cost reduction across direct and indirect categories, for a wide range of clients over the last 25 years. His client work includes extensive experience across most major sectors including FMCG, Financial Services, Pharmaceuticals, Technology, Defence & Aerospace, Automotive, Manufacturing,

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Global 3PL Market to Generate Revenue of More Than $2.3 Trillion, Report Says

Supply Chain Brain

The third-party logistics market is expected to experience steady growth in the near future, as companies continue to realize the value of outsourcing their supply chain operations.

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2023 outlook: Is this the year supply chains stabilize?

Supply Chain Dive

Freight rates are finally easing, but geopolitical turmoil and ongoing economic uncertainty continue to create headaches for businesses.

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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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Businesses Looking for Alternatives to UPS & Fedex

Procurement Bulletin

Businesses Looking for Alternatives to UPS & Fedex Businesses are learning from the recent supply chain backlog, you don’t want to have all your eggs in one basket. Now, businesses are looking at multi-carrier strategies so they’re not completely reliant on just the big carriers such as UPS and Fedex. Nigeria Opens New Seaport Nigeria opened The Lekki Deep Sea Port this past week, one of West Africa’s largest ports.

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Spending on diverse suppliers averages 3.6%

SCMR (Supply Chain Management Review)

A new report finds that just 3.6% of spending is devoted to certified diverse suppliers, with 17% of all spend going to just 10 companies.

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Why Reliable Forecasting Is a Must-Have for Supply Chain Partners

Supply Chain Brain

Supply chain partners have never had greater access to tools for data collection and analysis than they do now, but many are failing to take full advantage of these resources.

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Gap teams with UPS unit to offer small businesses outsourced fulfillment

Supply Chain Dive

The partnership allows shippers to access the retailer’s distribution network and gain supply chain capabilities “previously only available to billion-dollar brands.

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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.