ProcurePort

JUNE 7, 2023

In the modern business ecosystem, digital transformation is not just an option but a requirement. The need for streamlined operations and enhanced efficiency has made procurement software a valuable asset for organizations of all sizes. However, the journey towards successful implementation is fraught with challenges. This blog will provide a deep dive into these challenges […] The post Overcoming the Challenges of Implementing Procurement Software appeared first on ProcurePort Blog.

Procurement 130

Procurement Vendor management Management 130

IBM Supply Chain Blog

JUNE 5, 2023

Work orders are the driving force behind any organization’s asset management apparatus. Whenever a person or entity submits a service request, the maintenance team that receives it must create a formal paper and/or digital document that includes all the details of maintenance tasks and outlines a process for completing the tasks. That document is called a work order.

Management 67

Management Real-time Visibility Data Inventory 67

Supply Chain Brain

JUNE 4, 2023

Recently, companies have invested more money and resources into Procurement Performance Managers to ensure procurement performance is monitored, optimized and impactful.

Management 95

Management Procurement 95

All Things Supply Chain

JUNE 7, 2023

The global logistics automation market has been growing at a Compound Annual Growth Rate (CAGR) of 12.4% since 2020, the highest growth rate of any supply chain market.

Supply Chain Optimization 246

Supply Chain Optimization Supply chain Data Supply 246

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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.

Supply Chain Optimization

Procurement Foundry

JUNE 7, 2023

At its core, the word “sustainability” is defined simply as the ability to continue at a certain level—no explicit consideration for whether something is “green,” renewable, or recyclable, and no defined parameters around carbon footprint. Simply: “able to continue.

Sustainability 52

Sustainability Strategy Management 52

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supply Chain Network Design — Everything About Supply Chain Supply chain network design helps businesses to mitigate disruptions by configuring the supply chain. However, what is it? In this article, we will define what supply chain network design is.

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

All Things Supply Chain

JUNE 9, 2023

GM to invests over $1B in EV battery production General Motors (GM) and POSCO are expanding the production of cathode active materials at their joint venture facility in Quebec to…

Supply chain 246

Supply chain Supply Export Logistics 246

Supply Chain Dive

JUNE 8, 2023

The tentative agreement amid national contract talks would lead to half of SurePost deliveries being made by company drivers, the union's leader said.

Contract 127

Contract 127

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Suez Canal — Everything About Supply Chain Suez Canal is an artificial waterway located in Egypt that connects the Mediterranean Sea to the Red Sea. However, how important is it in the supply chain? In this article, we will discuss what the Suez Canal is.

Supply chain 204

Supply chain Supply Negotiation Import 204

SCMDOJO

JUNE 7, 2023

The supply chain industry has been evolving rapidly since the pandemic outbreak. After being disrupted and seriously jeopardized, the industry needed to find a way to carry out its activities and maintain its businesses. To do so, people needed to become innovative, adopt new technologies, digitalize, and even start using AI. As a result, the industry is growing, changing, and becoming more demanding, increasing the importance of language skills more than ever.

supply chain budgeting 107

supply chain budgeting Supply Chain Efficiency Supply chain Import 107

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.

Supply chain

Supply Chain Brain

JUNE 9, 2023

The backlog of anchored vessels has decreased from 155 to roughly a dozen while 92% of goods in grocery and drug stores are in stock, exceeding pre-pandemic levels.

Supply chain resilience 111

Supply chain resilience Supply chain Supply 111

Supply Chain Dive

JUNE 5, 2023

A port spokesperson said gates are closed for operational reasons, while industry observers warned of potential congestion and other fallout.

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Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Indonesia Import and Export Statistics 2023 Indonesia’s imports and exports open on a positive note in the first quarter of trade in 2023. Airlangga Hartarto, Indonesia’s Coordinating Minister for Economic Affairs announced that the country’s export value increased to 12.8% and its import value went up to 14.9%.

Export 204

Export Import Sustainability Negotiation 204

SCMDOJO

JUNE 6, 2023

In today’s fast-paced business world, optimizing your supply chain is essential for staying competitive and efficient. With the right supply chain tools at your disposal, you can streamline operations, boost productivity, and save valuable time. Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting.

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 105

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

Bidding

Supply Chain Brain

JUNE 4, 2023

Eight supply chains – food, construction, fashion, fast-moving consumer goods, electronics, automotive, professional services and freight – account for more than 50% of global emissions.

Supply chain 113

Supply chain Supply 113

Supply Chain Dive

JUNE 6, 2023

The next-day delivery provider's expansion makes it a more attractive option for shippers wanting to reach customers throughout the East Coast, its chief revenue officer said.

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120

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Periodic Inventory System — Everything You Should Know Periodic inventory system is a method in accounting that is usually easier and more cost-effective. However, what is it? This article will discuss what periodic inventory is and when you should use it.

Inventory 192

Inventory Real-time Visibility supply chain software solutions Quantity 192

Una

JUNE 7, 2023

EPISODE 118 Scaling Supply Chains for Profitable Growth with Marcia Williams By Kelly Barner | June 7, 2023 Growth – especially fast growth – is such an exciting time for a company. Unfortunately, all of the good opportunities growth presents have a way of leaving a mess in their wake. It often falls to procurement and supply chain professionals to clean up the mess, using metrics and frameworks to establish order so that operational scale and profitability can follow.

Supply chain 98

Supply chain Supply Supply chain management Supply chain management 98

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.

Supply Chain Optimization

Let's Talk Supply Chain

JUNE 8, 2023

10 Steps Trade Show & Event Managers Can Take to Save Money and Improve the Logistics of Their Next Event The logistics of trade show assets can make or break an event. A small error in the planning or execution of a trade show shipment can increase the cost of exhibiting or result in exhibit materials missing from the show- jeopardizing a company’s investment.

Logistics 98

Logistics Management Budget Import 98

Supply Chain Dive

JUNE 6, 2023

A press release from the canal said economic impact was unavoidable. In response, some ocean carriers have announced surcharges.

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136

Procurement Tactics

JUNE 5, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Supply Chain Brain

JUNE 8, 2023

Will the dream of an "end-to-end" supply chain finally come true — and if so, what will make it happen? Sumit Dutta, partner and leader of the Americas supply chain market with EY, has the answer.

Supply chain 103

Supply chain Supply 103

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Supply Chain Optimization

SupplyShift

JUNE 6, 2023

Sustainability and responsible sourcing professionals often face the challenge of engaging their procurement teams in sustainability initiatives. With procurement professionals managing a significant portion of company revenue, they play a crucial role in supply chain sustainability. But do you understand how to collaborate with procurement professionals in your organization to implement sustainable supply chain practices?

Procurement team 93

Procurement team Sustainability Procurement Collaboration 93

Supply Chain Dive

JUNE 6, 2023

After the incident, several terminals alerted trucking companies they would be closed for the day.

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Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Sustainability Ratings — Embracing Sustainability Sustainability ratings allow businesses to know how well they are performing in terms of environmental and social responsibility. However, what is it? In this article, we will define what sustainability ratings are.

Sustainability 190

Sustainability Ethics Negotiation Procurement strategies 190

Supply Chain Brain

JUNE 7, 2023

Implementing a lofty sustainability program isn’t just a marketing strategy to show that your company cares about the environment, and win points with consumers.

Sustainability 98

Sustainability Strategy 98

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.

Procurement

Positive Purchasing

JUNE 5, 2023

Jonathan O’Brien , CEO of Positive Purchasing , has asked key thought leaders, opinion formers and all-round smart professionals from the world of procurement and beyond to share their thoughts on current hot procurement topics by answering five ‘questions of the moment’. This edition’s expert is the wonderful Kelly Barner Kelly is behind some of the leading publications and shows in the procurement space.

Sourcing 89

Sourcing Procurement Negotiation Suppliers 89

Supply Chain Dive

JUNE 8, 2023

Inventories at the department store retailer were down 7% as it keeps its budget open to buy in-demand product.

Inventory 141

Inventory Demand Budget 141

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. However, what is it? In this article, we will tell you what inventory management is.

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Supply Chain Brain

JUNE 5, 2023

The manufacturing floor operates in the blind in the absence of real-time data from suppliers on arrival of parts or raw materials, says Jeffrey Luft, portfolio development executive with Siemens Digital Industries Software.

Real-time Visibility 97

Real-time Visibility Raw materials Suppliers Logistics 97

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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.

Real-time Visibility