Sat.Aug 13, 2022 - Fri.Aug 19, 2022

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Six Industries That Can Merge Circular Economic Practices With Supply Chain Management

All Things Supply Chain

As greenhouse gas emissions continue to stand as a major threat to the climate, the United Nations launched a Net Zero initiative.

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RFP executive summary: Recap results and win buy-in

RPF360

An excellent executive summary can help your RFP quickly navigate the last steps of the procurement process. Explore the basics and best practices of RFP executive summaries. Then, use the RFP executive summary example and template to create your own. The post RFP executive summary: Recap results and win buy-in appeared first on RFP360.

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Vendor Management Best Practices — 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. Vendor Management Best Practices — The Ultimate Guide of 2022. Vendor management best practices are utilized to boost business growth and productivity. However, many organizations do not know these best practices in their industry.

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Simple Invoice Software

ProcurePort

• Procurement is a complex undertaking that demands time and effort. Procurement teams spend time managing contracts, handling invoicing, and conducting matching processes. • Automation provides an easy way to handle invoices. The almost overnight transition that organizations and employees have had to deal with has been challenging, physically, emotionally, and even psychologically. • Thus, […].

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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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Public sector procurement professionals in high demand

Procurement Heads

The CIPD’s Labour Market Outlook for 2022 , which is based on a survey of 2,000 employers across all sectors, found that 53% of charities were trying to recruit for “hard-to-fill” roles. Only two areas are finding it harder than the charity sector, with another public sector space – education (56%) – topping the list of areas struggling to hire.

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O-I Glass selects Ivalua to streamline its Global Direct and Indirect Source-to-Pay Processes

ivalua

Redwood City, 17 August, 2022 – Ivalua, a global leader in spend management , today announced that O-I Glass Inc, an American Fortune 500 company headquartered in Perrysburg, Ohio, has selected its solution to streamline its Global Direct and Indirect Source-to-Pay (S2P) Processes. O-I Glass is one of the world’s leading producers of glass bottles and jars, operating 70 glass manufacturing plants in 19 countries with an annual revenue of $6.4B in 2021 and 24,000 employees.

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Getting Better Visibility into Your Accounts Payable and Receivable

ProcurePort

• How can your business better understand its accounts payable vs accounts receivable? In what ways can you improve your management of payables and receivables? • Running your business without a proper understanding of how money flows from your customers to your suppliers is akin to driving while blindfolded. • Your business model is irrelevant […].

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The Big Interview with Matthew Welch

Procurement Heads

How did you get into procurement? My career to date has been varied, I initially spent nearly eight years involved in road traffic law, insurance and logistics. I reached a crossroads in my career in my late 20s where I had been exposed to pockets of procurement in the absence of a standalone procurement function and liked what I saw. I was either going to continue in logistics and insurance or pivot and try my hand at procurement.

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Net Zero pledges are reaching “critical mass”, but can they cause a Chain Reaction?

ivalua

Progress on sustainability is notoriously hard to measure for organizations, but the needle is moving in the right direction. A new report from the Science-Based Targets Initiative (SBTI) found that 2,000 firms across 70 countries worth $38 trillion have set emissions reductions targets that line up with the science. It’s incredible to see the strides we’ve made over the past year or so.

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Supplier Management — 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. Supplier Management — The Ultimate Guide of 2022. Supplier management is crucial for organizations that have many vendors or suppliers. They need to manage their supplier to maintain the relationship that they have built.

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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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What is Vendor Management?

ProcurePort

• Vendor management is the sum of all activities a company undertakes to maximize the value of the relationship they have with its vendors. This includes but is not limited to listing probable vendors, comparing prices, quality checks, cost control, and risk management. • Effective vendor management takes combined efforts across departments and therefore purchasing […].

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Blue sky thinking at Ovation

Procurement Leaders

There’s no doubt that procurement and supply chain are at the heart of some of the most challenging and stimulating issues we face as a society – climate change acceleration, geopolitical manoeuvrings, increased volatility and disruption, rampant inflation, to list just a few. Neither is there any doubt that the role and influence of business leaders will continue to grow over the coming decade as we grapple with the types of challenges listed above.

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What Is Industrial Marketing? (With Examples)

The Thomas Blog

Today, marketing without a business plan in place is nearly impossible if you want to drive results—and it's even more true in the manufacturing sector. You need to align your strategy of bringing in new clients with how you're planning to expand into new markets, work at capacity, and expand your company. Industrial marketing can help you create a competitive strategy and drive financial success.

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Supply Chain Planning — 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. Supply Chain Planning — The Ultimate Guide of 2022. Supply chain planning helps organizations to meet customer demands efficiently. However, to achieve this, you will need to have effective supply chain planning. . For this article, we will show you steps on how to create a successful supply chain plan.

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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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Rising Supply Chains Complexity & How to Manage It

SCMDOJO

New global consumer markets, characterized by sourcing activities and low manufacturing costs, seem to take the supply chain into more contemporary territory. While it brought all excitement and increased revenue, manufacturers have started to experience its significant side effect: a rise in supply chains complexity. As the needs of vendors and customers change, there are varying industry trends altering and complicating the supply chain.

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The Exciting Use of Drones for Inventory Control!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Love at First Flight! Flying and Crashing My First Drone! (Video). In my experience companies always had a need for Inventory Control and an annual inventory count during which all operations were shut down for at least 2-3 days. Even then there would a period during which records were being reconciled before operations could resume normal function.

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Plan for inland port in the middle of California’s Mojave Desert gains traction

Supply Chain Dive

Local officials signed off on a proposal that developers say could help relieve congestion at the ports of Los Angeles and Long Beach.

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Another Month of High Volume at Port of L.A., While Exports Continue to Fall

Supply Chain Brain

July saw another “outstanding” month for cargo volumes at the Port of Los Angeles and wait times were down, said port executive director Gene Seroka, while noting that exports had continued to decline for three years. .

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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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282: Rethink Distribution, with Cavallo

Let's Talk Supply Chain

Today I’m joined by Cavallo , a powerhouse software company that is on a mission to drive efficiency in every stage of the distribution process. Brought to you by the designers of SalesPad, Cavallo offers distribution management software with all the power of an ERP solution, and all the functionality of the industry’s biggest tech powers – with none of the bottlenecks, frustrating interface, or difficult-to-access data.

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Taking Part in Bitcoin Trading!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 7 Strategies to Increase Bitcoin Trading Profit! Indeed, electronic cash related designs are ceaselessly offering a ton of benefits to financial benefactors and transporters. Besides considering placing your saved resources in bitcoin cryptographic money and taking part in bitcoin trading, you are doing great.

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Tail Spend: Your Guide to Full Spend Visibility and Savings

Una

Understanding and Taming Tail Spend. A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. Taming Tail Spend. Welcome! This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. You’ll hear from industry experts who have been there, done that, and can share best practices for managing tail spend.

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The Rise of PUDO Networks in the Era of E-commerce and Sustainability

Supply Chain Brain

In the wake of the e-commerce explosion, triggered by the pandemic and growing concerns around supply chain sustainability, pickup and drop-off (PUDO) networks are projected to grow significantly in the coming years.

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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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[Pod] Digital Procurement Is Not Easy: Don’t Go It Alone w/ Anthony Mignogna and Claire Sexton

Art of Procurement

“‘Go live’ is not a business outcome. Because there is a lack of clarity as to what the target business. The post [Pod] Digital Procurement Is Not Easy: Don’t Go It Alone w/ Anthony Mignogna and Claire Sexton appeared first on Art of Procurement.

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A New Cloud EDI Platform: 5 Ways to Simplify EDI

Let's Talk Supply Chain

For many companies, implementing EDI and onboarding trading partners is a time-consuming, costly, and frustrating process. Traditional EDI software integrations and partner onboarding have not evolved over the years. If you’ve accumulated EDI connections with hundreds of trading partners, the thought of switching platforms may seem daunting. A growing number of companies are learning that there are new solutions with modern architectures available that make EDI much simpler to manage, maintain a

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Episode 78: Empowering Procurement to Create Broader Value with Brian Chaplin

Una

Episode 78: Empowering Procurement to Create Broader Value with Brian Chaplin. By Kelly Barner | August 17, 2022. Modernizing procurement organizations from tactical to strategic takes more than new technology and upgraded processes. The individuals on the team will need to embrace change as well. Whether it is through improved relationships with internal stakeholders and key suppliers, or distributed authority to generate ideas and make decisions, everyone has a role to play.

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Five Ways to Avoid, Absorb and Recover from Supply Chain Disruptions

Supply Chain Brain

Supply chain resiliency is the ability of an organization to avoid, absorb and recover from the business impact of disruptions through a risk-balanced approach to product, supply chain strategy and network design.

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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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What is a knowledge manager? The role, responsibilities, & keys to success

Spendesk

I believe that the job we all have in life is to acquire knowledge and wisdom and then share it. I just don’t know what else there is. This is the bedrock of my belief system. - Tobias Lütke, Founder & CEO of Shopify.

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How Russian Sanctions Are Impacting Global Supply Chains!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication! There are a variety of ongoing disruptions caused by Russia’s invasion of Ukraine and the resulting economic Russian sanctions coming from other countries. The foundation of international markets is shaky, and threats of food insecurity could push other regions at greater risk.

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How to Procure Cloud Services for Business Use

Una

How to Procure Cloud Services for Business Use. By Eric Edwards | August 16, 2022. “The Cloud.” Once it only meant a single wispy meteorological element up in the sky. Now, “the cloud” also has a much more down-to-earth, digital meaning. Today, when someone refers to “the cloud” (a.k.a. cloud computing or cloud services), they are referring to the multitude of internet servers your computer or smartphone can access to run applications without being downloaded onto your physical device.

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Watch: A New Era of Supply Chain Planning: Are We Ready?

Supply Chain Brain

Mergers and acquisitions and a digital-savvy younger generation are changing the landscape in supply chain planning, says Alex Pradhan, product strategy leader at John Galt Solutions.

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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.