Sat.Jul 16, 2022 - Fri.Jul 22, 2022

article thumbnail

How Are Supply Chain Disruptions Causing Strain in Laboratories?

All Things Supply Chain

Supply chain shortages make securing the goods people need and want tremendously difficult. Sometimes, such issues cause mere annoyances or mean consumers must wait longer for non-essential items.

article thumbnail

Importance of Strategic Sourcing Skills

ProcurePort

• Strategic sourcing in any organization means the development of a methodology of gathering and using the information in a manner that leverages the purchasing power of an organization to maximize value in procurement. • What this means is that strategic sourcing needs to be well thought out. It needs to be in sync with […]. The post Importance of Strategic Sourcing Skills appeared first on ProcurePort Blog.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

HRIS RFP guide: How to find the right human resources software

RPF360

Discover tips, advice, and tools that will help you evaluate and select the perfect HRMS for your organization. The post HRIS RFP guide: How to find the right human resources software appeared first on RFP360.

190
190
article thumbnail

Procurement Portal — The Ultimate Guide of 2022

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Procurement Portal — The Ultimate Guide of 2022. Many professionals encounter procurement portals through e-procurement. However, not many of them know about it. Some are even confused about how it works. . For this article, we will tackle what procurement portals are.

article thumbnail

From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

article thumbnail

Supply Chain Weekly Wrap-Up 07/15/2022-07/21/2022

All Things Supply Chain

Boeing CEO cites supply chain issues as the reason for production problems The largest commercial aircraft manufacturer Boeing has recently experienced slowdowns in production of its 737 Max fleet.

article thumbnail

Three Ways CEOs Should Prepare for Supply Chain Threats

Supply Chain Brain

The right tools and processes will mitigate the impact of supply chain disruptions — and even offer strategic competitive advantage.

More Trending

article thumbnail

Procurement Bids — 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. Procurement Bids — Everything You Should Know. So you are here because you want to know procurement bids? Well, do not worry, you are in the right place. For this article, we will discuss what procurement bids are. We will check why it is important for companies to have a bidding process.

Bidding 130
article thumbnail

The 5 Phases of the Vendor Selection Process

ProcurePort

• Vendor selection process is a critical part of any enterprise. Vendor selection helps organizations identify, select, and assess potential suppliers for products and services. • So, if you own or manage a company or an organization, the truth is that you’ll have to undergo a vendor selection process. • As a business owner, you’ll […]. The post The 5 Phases of the Vendor Selection Process appeared first on ProcurePort Blog.

Suppliers 130
article thumbnail

Quantum Computing Is Solving the World's Complex Logistics Problems

Supply Chain Brain

Quantum computing is emerging as an important means of helping companies solve their most complex business challenges.

Logistics 131
article thumbnail

Industrial Insight

Procurement Heads

How do Procurement Heads work? The three types of recruitment that Procurement Heads offer are contingent, exclusive and retained. The difference between those is; contingent is multiple agents, fast service, competitive environment, probably just looking at sending across available candidates. Exclusive means a sole agency with an extended period of exclusivity, and it’s a payment on completion once the person accepts a contract or starts dependent on terms.

article thumbnail

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?

article thumbnail

China Sourcing — The Ultimate Guide of 2022

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. China Sourcing — The Ultimate Guide of 2022. China sourcing is popular with many professionals in the field of procurement. Do you know why? Because it is the country that sells more manufactured goods than any other country!

Sourcing 130
article thumbnail

7 Essential Stages of Contract Management Process 

ProcurePort

• Contract management or contract management process cycle is the process of handling and carrying out obligations set out in agreements with third parties. • As a procurement manager, contract management is at the heart of everything you do. At any point, you will be drafting new contracts, scrutinizing proposals, overseeing approvals, following up on […].

article thumbnail

Think Like a Boss: CPOs Need to Step Up, Broaden Approach, Gartner Says

Supply Chain Brain

Chief procurement officers (CPOs) must collaborate with stakeholders inside and outside their organization — and begin thinking and acting like CEOs, say the authors of a new report from Gartner Inc.

article thumbnail

New ONS data released

Procurement Heads

Meanwhile, there are 1.3m vacancies. Let’s flip that, there are 1.3m opportunities. There have been many opportunities in the procurement and supply chain market in the last 12 months, something which shows no signs of relenting and there are a number of reasons for this: Businesses are looking to bounce back from the pandemic Procurement’s profile has never been higher Geopolitical pressures and their impact on supply chains.

Data 130
article thumbnail

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.

article thumbnail

Procurement Definition — 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. Procurement Definition — Everything You Should Know. We know that you have come here in hopes of finding the official definition of procurement. Do not worry because we are here for you to tell the official procurement definition.

article thumbnail

7 key skills for successful supply chain and procurement negotiation

Skill Dynamics

Negotiation is key to business success. Successful negotiation involves good interpersonal and communication skills used together to bring a desired result. For procurement professionals, it’s a core skill that’s essential to be well practiced in. A good negotiator can ensure the right prices are secured, which makes a significant contribution to an organization’s success.

article thumbnail

Watch: Planning in the Face of Chaos

Supply Chain Brain

Artificial intelligence-based prescriptive analytics enable a network approach to planning in volatile times, says Joe Bellini, executive vice president of product management at OneNetwork.

article thumbnail

How warehouses are trying to solve their retention challenges

Strategic Sourceror

You'd be hard-pressed to find an industry where a well-oiled supply chain is more central to success than in warehousing. Whether it's for e-commerce conglomerates, brick and mortar grocery stores or big box merchandisers, warehouses contain enormous volumes of goods of every which kind. Through a combination of automated technology, enterprise resource planning software, a well-defined mission statement and an actively engaged staff, a warehouse can put itself in a position to thrive and keep t

article thumbnail

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

article thumbnail

Procurement Synonym – 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. Procurement Synonym – Everything You Should Know. So you want to know about procurement synonyms, don’t you? Well, this is the right place for you! . For this article, we will tackle what procurement synonyms are. We will check what words you can use other than procurement.

article thumbnail

3 Reasons Shippers Struggle to Manage Their Allocation

Let's Talk Supply Chain

Many shippers have found it’s nearly impossible to track and manage their allocation efficiently today. The reason they struggle to manage their allocation is often due to inadequate workflows and booking rules, along with relying on the outdated legacy systems they use to manage it. In this article, we’ll highlight three reasons shippers struggle to manage their allocation and how harmonized contract performance and forecasting can enable optimized allocation. 1.

article thumbnail

“The U.S. is Not Prepared”: Hot Temperatures Stress Transit Systems

Supply Chain Brain

With temperatures soaring in the United Kingdom and in the United States, civil engineers and transit authorities say the heat is threatening rail networks across both countries.

article thumbnail

3 Reasons to Develop a Comprehensive Procurement Strategy

Una

3 Reasons to Develop a Comprehensive Procurement Strategy. By Mackenzie Oakley | July 19, 2022. We all know different purchasing scenarios will require us to follow certain processes or have criteria that needs to be met. Because of this, it isn’t necessarily wise to approach procurement with a one-size-fits-all mentality. Developing a comprehensive procurement strategy ensures there is a vision for the sourcing function in place, helps guide procurement professionals through the decision

article thumbnail

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.

article thumbnail

Creating A World Class Supplier Diversity Program: Ten Things To Consider

SpendHQ

The post Creating A World Class Supplier Diversity Program: Ten Things To Consider appeared first on SpendHQ.

article thumbnail

277: Catching Up on Industry Trends, Workforce Gaps, and Shipz

Let's Talk Supply Chain

Today I’m joined by Jonathan Kempe, CEO and founder of Verifai and host of Let’s Talk Supply Chain AsiaPac, to talk all about the landscape of supply chain and the current disruptions; digital media industry trends; the labor gap between companies and workers; and the role of technology within the industry. We also share a very exciting announcement!

article thumbnail

Will War in Ukraine Force Permanent Change in Global Procurement Strategies?

Supply Chain Brain

Russia’s invasion of Ukraine is causing severe shortages of the building blocks of industrial production the world over.

article thumbnail

The Cabinet Offices ambitious Procurement Transparency Strategy

Value Match

Categories. Best Practice Guides. Bid Management. Business. Case Study. Circular Economy. Community Story. Contract for Change. Environment and Climate. Equality and Inclusion. Government Buying Standards. House of Commons Committee of Public Accounts. Human Rights and Modern Slavery. Legislation. National Audit Office Reports. News. Procurement Best Practice.

article thumbnail

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.

article thumbnail

Episode 74: Creating Opportunities for Networking & Education with Kathy Perna

Una

Ep 74: Creating Opportunities for Networking & Education with Kathy Perna. By Kelly Barner | July 20, 2022. Networking has changed a lot in procurement – and the transition from in-person to digital was underway even before the pandemic hit. Digital networking requires a different kind of energy, and when the whole world stopped and went home to work, the most creative educators in the field of procurement found new ways to bind the community together and add value.

article thumbnail

How to predict and win trustworthy procurement data using Predictive Procurement Orchestration

Spend Matters

Categories: Analytics , Procurement Strategy & Planning , Sponsored Article , Supplier Information Management Tags: Sponsored Article Most organizations believe that their procurement system centers on people, processes and technology. What’s missing in this picture? Data. The data that flows through technology and processes is then interpreted by people to make decisions in a distinct domain.

Data 86
article thumbnail

Podcast | Will Supply Chains Ever Return to ‘Normal’?

Supply Chain Brain

Don’t hold your breath waiting for global supply chains to return to some state of “normal” anytime soon.

article thumbnail

We’re exhibiting at eWorld Procurement and Supply 2022

Positive Purchasing

We are delighted to be exhibiting at eWorld Procurement and Supply, the leading event for procurement innovation, on 20 September 2022! The theme this year is Keeping Procurement Centre Stage: Building a Resilient & Sustainable Future. You will find us on stand 19 where we will be showcasing our leading procurement and negotiation platforms and training.

article thumbnail

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.