All Things Supply Chain
JULY 4, 2022
Unless you’ve been living underneath a rock, you’re aware that our world has been hit with a few years of unprecedented challenges – from a global pandemic to supply chain…
Procurement Heads
JULY 6, 2022
How did you get into procurement? Like most people, I fell into procurement. I worked for a private international university in London, it was my first job after graduating from the University of Nottingham and I was responsible for looking after the course directory. I would order a lot of books and course materials for the students and that is actually what sparked my interest.
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RPF360
JULY 7, 2022
You probably write emails all day without giving them a second thought. However, when it comes to sending an RFP invitation email to vendors, it can be intimidating. After all, you need vendors to read your email, check out the request for proposal and then submit a proposal. Ideally, you’ll receive more than three [.]. The post How to write an RFP invitation email to vendors appeared first on RFP360.
ProcurePort
JULY 6, 2022
• Managing product categories is a critical challenge for procurement professionals. Some of the problems experienced in category management include plenty of work, lack of time, dynamic changes, competitive markets, and technical dependencies. • Whether it’s a strategic issue or an alignment problem, category management is a challenging endeavor. • Just as lean management optimizes […].
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All Things Supply Chain
JULY 7, 2022
Tesla vehicle deliveries plummet after disruption in China Due to the lockdowns in China which caused one of Tesla’s key factories to shut down, the company’s delivery figures have declined…
Procurement Heads
JULY 4, 2022
1. the appearance of a ghost or secondary image on a television or other display screen. “the display is sharper and less prone to ghosting” 2. the practice of ending a personal relationship with someone by suddenly and without explanation withdrawing from all communication. Don’t ghost…. Whether you’re a candidate, hiring manager, or recruiter… don’t ghost people.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
ProcurePort
JULY 7, 2022
• Lean procurement or lean purchase is seen as a principle in the procurement of achieving more with less. Lean procurement seeks to acquire the least number of inputs to achieve the desired outcomes or results. • In lean procurement, procurement teams may reduce inventories, look for ways to cut supply costs, or reduce the […]. The post What Is Lean Procurement or Lean Purchasing?
ivalua
JULY 7, 2022
The post Touchstone – Specialist in Delivering S2P Value appeared first on Ivalua.
Procurement Heads
JULY 7, 2022
Commenting on the news, Dan Goodson, Head of Practice – Industrial, said, “In terms of procurement and supply chain recruitment, the industrial space has been incredibly busy – notably since the widespread return to office-based work. “With engineering playing a key role in the economy, it’s no surprise that APSCO’s data is showing a raise in vacancies – but it is really positive to see that there has also been a rise in applications within this space.
Supply Chain Brain
JULY 3, 2022
A U.S. Supreme Court decision that could force California’s 70,000 truck owner-operators to stop driving is set to create another choke point in already-stressed West Coast logistics networks.
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.
ProcurePort
JULY 5, 2022
• A year ago, a gallon of gas in the United States set you back around $3. Today, the same gallon costs $5. The long and short is that inflation and supply chain shortages are rearing their ugly head and making its effects felt far and wide. • For businesses, the consequences are manifesting themselves […]. The post In the Face of Inflation, and Supply Chain Shortages, How Can Businesses Cut Corporate Travel Costs and Spend Less?
Sourcing Solved
JULY 6, 2022
Procurement in 5-Minutes. Welcome to Procurement In 5-Minutes, and no, don’t adjust your volume or click a button to find out what is going on – this is not your usual host Iain Campbell-McKenna. In this unique 3-Question Special, Ian moves out from behind the host mic to become the interviewee to answer 3 questions regarding: “What is talent in the digital age?
The Thomas Blog
JULY 6, 2022
If you tried to replicate all of the supplier evaluation activity on the platform that happens in a single month, it would take you 7.5 years — without sleeping. The industry's most trusted sourcing platform at Thomasnet.com hosts more than 500,000 North American suppliers and brings millions of buyers each month. In fact, every second, a supplier is evaluated by a buyer on the platform.
Supply Chain Brain
JULY 4, 2022
A Washington-based think tank has launched an initiative to encourage widespread adoption of standardized data-sharing in the freight sector in order to boost sustainability.
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
Una
JULY 6, 2022
Benefits of a Group Purchasing Organization. A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. Savings and beyond. A group purchasing organization leverages the collective purchasing power of thousands of businesses to secure lower prices for their members. GPOs also bring balance to the negotiating equation because they already have relationships and contracts in place with vendors and suppliers.
Strategic Sourceror
JULY 7, 2022
Let's take a step back for a moment to days of the 1990's-2000's tech boom and consider a company so far ahead of its time that it was doomed to fail. WebVan was a California tech startup that promised at-home grocery delivery services for a relatively low price, eventually going bankrupt in 2001 as the bubble began popping. Now, 21 years later — their legacy lives on as companies of all sizes and kinds are vying to get their share of the grocery home delivery market.
Let's Talk Supply Chain
JULY 6, 2022
“Digitalization” and “Digital Transformation” are already focus topics on corporate strategic agendas for a while. A lot of investment happened, vast amounts of money and energy have been spent here. Not always with success. Recent studies from BCG, BAIN, Mc Kinsey and others on success rates of digital transformations state that only 30% or even less of transformations succeed in achieving their objectives.
Supply Chain Brain
JULY 5, 2022
An indicator of U.S. supply chain pressure fell to the lowest level in two years, as a sharp drop in transportation costs underscores the slowdown in the nation’s economy heading into the second half of the year.
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.
Una
JULY 6, 2022
Episode 72: Making an Impact Through Mission-Connected Procurement with Iris Cooper. By Kelly Barner | July 6, 2022. How each leader sees procurement has a directional impact on what the team is able to achieve for their larger organization and the community they serve. Savings is often described as ‘table stakes’ for procurement, but even those savings are not just dollars and cents.
Procurify
JULY 4, 2022
Written by: Stella Inabo. Purchasing and procurement problems can be costly. Unregulated purchasing activities cost businesses 10-30 percent of targeted savings. These numbers are the stuff of nightmares so most businesses try to avoid these purchasing problems. . However, mistakes happen. An employee might make a duplicate order, inventory might arrive damaged, and suppliers might miss deadlines.
Spendesk
JULY 7, 2022
For anyone responsible for procurement in a company, choosing the best procurement method and finding the right supplier is a huge responsibility.
Supply Chain Brain
JULY 6, 2022
Rattled by the most recent wave of strict Covid lockdowns in China, the long-time manufacturing hub of choice for multinationals, CEOs have been highlighting plans to relocate production.
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Una
JULY 5, 2022
How GPOs Can Help Ensure Business Continuity and Protect Against Inflation. By Mackenzie Oakley | July 5, 2022. It’s no secret that businesses across the country are experiencing rising costs over the last several months. Companies are paying higher prices on everything from energy and fuel to shipping, labor, food, and more. Coupled with ongoing supply chain disruptions, organizations are needing to find solutions to these challenges to ensure their businesses remain up and running and wi
Procurement Foundry
JULY 8, 2022
Most of us want to be at the top of our game and do all we can to excel in our chosen fields. For procurement professionals, getting certified is a common subject when discussing success and moving up the ladder. But are procurement industry certifications must-haves? And what are some of the most common ones out there? We outline some of these niche certifications so that you can better decide which one—if any—is right for you.
Art of Procurement
JULY 8, 2022
Procurement 6 is a new short podcast from Art of Procurement that will be published in the Art of Procurement. The post [Pod] Procurement 6 – July 8th, 2022 appeared first on Art of Procurement.
Supply Chain Brain
JULY 6, 2022
A look at the technologies that logistics startups have developed to transform the last mile, as well as a peek into the future of the sector.
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.
Skill Dynamics
JULY 8, 2022
An efficient supply chain management system is a necessity to the majority of organizations. It can result in competitive advantage as it helps to provide precise information to suppliers allowing them to maintain a continuous flow of products to customers. However, throughout the supply chain key factors such as time, demand for the supply, lack of communication and disorganization can result in one of the most common problems in supply chain management: the bullwhip effect (or sometimes referr
Procurement Foundry
JULY 8, 2022
Every procurement team relies on SaaS, but before implementing and finding the best procurement SaaS solutions, they must first understand the different parts of SaaS. Our rundown of procurement SaaS solutions and basic tech sourcing definitions will help you improve your SaaS process.
Finale Inventory
JULY 7, 2022
Order picking has a critical role to play in your warehouse operations. It impacts your efficiency, accuracy and customer satisfaction, and you can accelerate your business by finding the right method. With order picking being so crucial to your success, you may wonder which approach will work best for your warehouse. Let’s talk more about some popular warehouse order picking methods and how they can benefit your business.
Supply Chain Brain
JULY 7, 2022
Navigating accessorial charges — the additional fees that carriers charge on top of base delivery costs — is among the most challenging aspects of managing shipping costs for online merchants.
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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.
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