Una

JANUARY 11, 2023

Indirect Procurement Quick Reference Guide. Highlighting indirect procurement, why it’s important, how to bring it under control, and common mistakes to avoid. . Quick Guide to Indirect Procurement. Wondering what people mean when they talk about “indirect procurement” but too embarrassed to ask? We’ve put together a quick reference guide that defines the concept, explores the challenges involved and mistakes to avoid, and shows how a group purchasing organization (GPO) can help you bring your

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Procurement Raw materials Change management Risk 98

Procurement Tactics

JANUARY 11, 2023

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Price Negotiation — The Ultimate Guide. Price negotiation allows buyers and sellers to get the price that they want when discussing future work, projects, or collaboration. However, how do you negotiate prices effectively? In this article, we will define what price negotiation is.

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Price negotiations Negotiation Price Buyers 130

Finale Inventory

JANUARY 9, 2023

Whether your business deals in raw materials, components and parts or finished products, your inventory is an essential source of potential revenue. It represents a significant investment and is part of your total current assets. Learn more about what current assets are and the best way to calculate and use your current assets. What Is Considered a Current Asset?

Inventory 52

Inventory Raw materials Demand Purchasing 52

All Things Supply Chain

JANUARY 9, 2023

Looking back at the trials and tribulations that faced the supply chain in 2022, the biggest obstacle proved to be operating in a world changed by the global pandemic.

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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

ivalua

JANUARY 8, 2023

What Lieferkettengesetz Means for Procurement? By Jan-Hendrik Sohn. The German Supply Chain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany.

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supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Procurement Tactics

JANUARY 9, 2023

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. The Shift Towards Sustainability While maintaining high Profitability. The shift towards sustainability is gaining popularity. However, many are still doubtful about the benefits it may give, especially since shifting towards it entails a huge investment.

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Sustainability Collaboration Strategy Suppliers 210

All Things Supply Chain

JANUARY 13, 2023

In 2022 Walmart made over 6,000 drone deliveries Walmart announced they completed more than 6,000 drone deliveries in 2022.

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ivalua

JANUARY 12, 2023

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? In this blog post, we’ll discuss six key strategies to help public procurement teams optimize their workflows while maintaining regulatory compliance. .

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Strategy Real-time Visibility Procurement Procurement team 130

Procurement Tactics

JANUARY 8, 2023

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Sustainable Procurement Analysis — The Ultimate Guide. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. However, what is it when it comes to sustainability? In this article, we will discuss what sustainable procurement analysis is.

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Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Heads

JANUARY 10, 2023

For Procurement Heads’ latest CPO Spotlight, he spoke with James Dobbin about what drew him to financial and professional services and what some of the biggest challenges facing the sector are. How much has changed in the world of Procurement since we last spoke in 2019 ? It seems like a lifetime ago! Lots has changed, lots in the economy, the wider society, and geo-political events as well all impacting the supply chain as well as the pandemic, the list is almost endless.

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supply chain software solutions Supply Chain Efficiency Negotiation Supply chain 130

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

Art of Procurement

JANUARY 12, 2023

In this week’s episode of the Art of Procurement podcast, Philip Ideson welcomed the first guest of 2023: Stephane Morel, The post Applying Category Management to the Challenges of a New Age appeared first on Art of Procurement.

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Una

JANUARY 10, 2023

EPISODE 97. No One Climbs Mount Everest Alone with Dylan McCabe. By Kelly Barner | January 11, 2023. When you are starting a new company, it is a challenge to convince customers that they should choose you over their alternatives. When you are also pioneering a completely new business model for your target market, that challenge increases substantially.

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Procurement Tactics

JANUARY 12, 2023

Procurement success in 2023 with our Strategy Course. Download Course Details →. . Or receive our famous weekly newsletter. Greek Negotiations — Everything You Should Know. Greek negotiations are what we can call an etiquette of Greek or Hellene people when negotiating. Of course, just like any other country, they have their ways of negotiating in business.

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Supply Chain Dive

JANUARY 10, 2023

Rising inflation, strike threats and slowing demand triggered a wave of business uncertainty following months of growth. Take a look back at 13 memorable moments.

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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

Art of Procurement

JANUARY 10, 2023

The user experience associated with procurement technology has come a long way. I’m dating myself here, but procurement used to. The post Procurement, meet no-code development appeared first on Art of Procurement.

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Supply Chain Queen

JANUARY 9, 2023

Sustainable supply chains are good for the planet and good for business. In this podcast, Malcolm Gladwell takes on this topic with Tim Harford, host of Cautionary Tales, and guest Sheri Hinish, IBM’s Global Sustainability Services Leader and Offering Leader for Sustainable Supply Chain, known as the “supply-chain queen.” They discuss the supply-chain crisis and.

Supply Chain Efficiency 130

Supply Chain Efficiency Sustainability Supply chain Supply 130

Procurement Tactics

JANUARY 12, 2023

Procurement success in 2023 with our Strategy Course. Download Course Details →. . Or receive our famous weekly newsletter. Negotiation Power — The Ultimate Guide of 2023. Negotiation power is the predictor of the outcome of the negotiation. However, where does power in negotiation come from? For this article, we will discuss what negotiation is. We will tell you the main source of power in negotiation and tips to become an effective negotiator in your profession and everyday life. .

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Supply Chain Brain

JANUARY 8, 2023

Artificial intelligence has penetrated virtually every aspect of modern life, and last-mile delivery is no exception, says Bart De Muynck, chief industry officer with project 44.

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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

Strategic Sourceror

JANUARY 9, 2023

From far-reaching wildfires in states that typically don't get them in the summer to a spike in Category 4 hurricanes in the fall, the devastating repercussions of climate change play out across the country on a regular basis. While weather as a rule is variable, evidenced by the natural changes in air temperatures from seasonality, the data proves that the planet's temperature is on a steady track higher.

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Strategic sourcing Strategic sourcing Supply chain Procurement 104

ContractSafe

JANUARY 12, 2023

Do you love motivational quotes and posters featuring adorable kittens “hanging in there”? Then you might appreciate this little gem: You can’t spell “challenge” without “change.”.

Contract management 98

Contract management Contract Management 98

Procurement Tactics

JANUARY 12, 2023

Procurement success in 2023 with our Strategy Course. Download Course Details →. . Or receive our famous weekly newsletter. Negotiating in Business — Everything You Should Know. Negotiating in business involves give and take. Each party tries to persuade the other one to agree with their point of view. It may seem frightening but it is important to grow your business. .

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Supply Chain Brain

JANUARY 12, 2023

Manufacturers, distributors and retailers need to pivot to a smart just-in-telligent methodology, blending just-in-time and just-in-case with the science of artificial intelligence (AI) and automation.

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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.

Supply Chain Optimization

Positive Purchasing

JANUARY 13, 2023

Andy Martyr-Icke, who works in the UK with National Grid’s electricity distribution business, has over 35 years’ experience in utilities and electricity distribution. Here he looks at how we will power procurement for the future. Specifically, what we need to know about energy and the future of how the industry and transport will be powered, plus, what procurement needs to be planning for.

Procurement 98

Procurement Supply Chain Efficiency Cost of ownership Demand 98

Supply Chain Dive

JANUARY 13, 2023

The end of the country's zero-COVID policy is causing production hiccups in the crucial weeks before the Chinese New Year holiday.

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Procurement Tactics

JANUARY 12, 2023

Procurement success in 2023 with our Strategy Course. Download Course Details →. . Or receive our famous weekly newsletter. Freelance Procurement — Everything You Should Know. Freelance procurement is popular with many companies, especially those who need more help in their procurement process. However, how is it done? For this article, we will talk about what freelance procurement is.

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Supply Chain Brain

JANUARY 10, 2023

John Ferguson, chief executive officer of TBM Consulting Group, discusses the importance of Taiwan to global semiconductor production, and tells how the supply chain would be impacted by China invading Taiwan.

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Supply chain Supply Import 118

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

Una

JANUARY 9, 2023

Managing Tail Spend to Avoid "Porcelain Dalmatians". 5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. By Eric Edwards | January 10, 2023. Search. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team. Some procurement departments use the 80/20 Pareto principle to focus on the large (80 percent) clients and contracts where supposedly greater savings

Management 97

Management Spend management Purchasing Procurement team 97

SCMR (Supply Chain Management Review)

JANUARY 13, 2023

Improvements in untangling supply chains have been offset by lingering worker shortages, America’s top business lobbyist said in her comprehensive economic forecast for 2023. Chamber president and CEO Suzanne P. Clark described how despite economic uncertainty, American business is both strong and optimistic and will continue to lead the country forward in 2023.

Supply chain 95

Supply chain Supply 95

Procurement Tactics

JANUARY 12, 2023

Procurement success in 2023 with our Strategy Course. Download Course Details →. . Or receive our famous weekly newsletter. Logrolling Negotiation — Everything You Should Know. Logrolling negotiation is useful when making tradeoffs on the different perspectives of parties at the negotiation table. However, what is it? For this article, we will talk about what logrolling negotiation is.

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Negotiation Budget Strategy Price 184

Supply Chain Brain

JANUARY 9, 2023

Control towers provide a dynamic, graphic visualization of orders, shipments, inventory and assets across the supply chain, for a single, trusted view shared by all parties in real time.

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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