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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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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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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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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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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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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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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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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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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Sustainable procurement – change the mindset

ABC of Procurement

Many connect sustainability with higher operational costs. But is this really the case? The post Sustainable procurement – change the mindset first appeared on ABC of Procurement.

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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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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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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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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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UPS’ RFID initiative to expand to rest of US network in 2023

Supply Chain Dive

The RFID technology eliminates manual scans, reduces misloads and accelerates parcel throughput, executives said.

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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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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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How Technology Can Help SMEs Compete Against Larger Enterprises

Supply Chain Brain

With a TMS, businesses can provide a better customer experience, reduce costs and streamline operations.

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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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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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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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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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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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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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Tackling returns: an online clothing retailer changes the game

Supply Chain Dive

Learn how Bastian Solutions helped one retailer turn returns from a struggle to a reverse logistics advantage.

Logistics 101
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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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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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The Road Ahead: Logistics Industry Predictions for 2023

Supply Chain Brain

Will 2023 herald a return to more “normal” operations in the logistics sector?

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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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How the FMC plans to enforce the Ocean Shipping Reform Act in 2023

Supply Chain Dive

Regulators are working their way through more than 200 shipper complaints, even as ocean congestion eases.

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Dr. Russell D. Meller inducted into National Academy of Engineering

SCMR (Supply Chain Management Review)

FORTNA’s principal scientist recognized for his contributions to large-scale distribution design and operations methodology.

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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.