ProcurePort
OCTOBER 21, 2021
A 3-way matching process is the comparison of a purchase order with the goods receipt note and supplier invoice before honoring said invoice. It determines whether a payment should be made, in full or in part. The primary reason for implementing a 3-way matching process is to reduce the likelihood of fraudulent payments being made. […]. The post What is 3-way matching and why do you need to implement it?
ivalua
OCTOBER 19, 2021
The post How Payment Innovations can Improve Supplier Relationships & Working Capital appeared first on Ivalua.
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Supply Chain Brain
OCTOBER 18, 2021
Global ports are growing more gridlocked as the pandemic era’s supply shocks intensify, threatening to spoil the holiday shopping season, erode corporate profits and drive up consumer prices.
Supply Chain Game Changer
OCTOBER 21, 2021
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Ground Rules for Creating a High Performance Organization (HPO)! Motivating employees article and permission to publish here provided by Gabe Nelson. Whether your job focuses on operating a small warehouse or you have to handle shipping on a larger scale, finding the right way to motivate the employees who help you get the work done will be important.
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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.
ProcurePort
OCTOBER 20, 2021
Are you keen to understand the procure-to-pay process flow? Well, before we dive into what P2P is and its procurement process benefits let’s first define the term. In this way, we’ll be on the same page. Let’s get started. What is Procure to Pay? The Chartered Institute of Procurement and Supply (CIPS) provide us with […]. The post The Procure-to-Pay Process Flow Explained appeared first on ProcurePort Blog.
ivalua
OCTOBER 21, 2021
The post 6 Keys to Selecting the Right Procurement Technology appeared first on Ivalua.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Game Changer
OCTOBER 20, 2021
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How Social Media Benefits Supply Chain! Podcast tools article and permission to publish here provided by Priyank Sharma. Podcast listeners are immensely increasing these days. Brands around the world use podcasting to reach out to their audience. Sharing their brand’s story is not as challenging now that podcasting has become a trend.
ProcurePort
OCTOBER 19, 2021
The procure-to-pay (P2P) process in any organization begins with the identification of needs and ends with the payment of suppliers and maintenance of proper records. A lot of work happens in between, and proper controls must be in place to prevent errors, fraud, and to build strong relationships with suppliers. A lot of innovation has […]. The post Procure to Pay: Best practices in six key points appeared first on ProcurePort Blog.
ivalua
OCTOBER 21, 2021
The post Making the Case for Diversity in Public Procurement appeared first on Ivalua.
Supply Chain Brain
OCTOBER 20, 2021
Shay Scott, executive director of the Global Supply Chain Institute, and professor in the University of Tennessee’s Master of Science in Supply Chain Management online program, weighs the factors that might influence American manufacturers to reshore production from Asia to the U.S.
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 Game Changer
OCTOBER 22, 2021
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 3 Most Common Freight Forwarding Scams (and How to Avoid Them)! (Infographic). Find and choose a freight forwarder article and permission to publish here provided by Anna Larina. Freight forwarders provide a great service to businesses, as they are the middle-men that transfer products internationally.
World of Procurement podcast
OCTOBER 21, 2021
World of Procurement is now live as a virtual community on Discord. I set this Discord Server up in secret in March time, and only the legendary Procurement Doctor, Karthik Rama, was in there with me. Big thanks to Karthik for getting involved at the start. I wanted to create a safe space, full of diverse people, to talk about Procurement, Supply Chain and Contract Management.
ivalua
OCTOBER 19, 2021
The post Retail Procurement Datasheet appeared first on Ivalua.
Supply Chain Brain
OCTOBER 22, 2021
What is a supply chain control tower, and how has the concept evolved in the age of artificial intelligence and data analytics? Heidi Benko, vice president of product management with Infor, explains.
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
Supply Chain Game Changer
OCTOBER 18, 2021
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Impact of Technology on the Gaming Industry! Nvidia graphics cards article and permission to publish here provided by Beth West. The Gaming industry is becoming progressively sophisticated, and laptop companies are swimming at the same tide. Essentially, high-quality gaming is a modern decoy into luring gamers, and both gaming and computer companies understand this fairly well.
EazyStock
OCTOBER 21, 2021
Wouter van der Zwaan, Finance and IT Manager at TerraSana Natuurvoeding BV, was looking for a solution to improve his company’s capabilities in terms of inventory optimization. After careful evaluation, TerraSana decided to integrate EazyStock with their existing ERP. EazyStock was rapidly implemented, and TerraSana quickly saw results. Now, instead of managing their inventory manually in Excel spreadsheets, EazyStock automatically calculates reorder points and quantities and recommends pu
Solvoyo
OCTOBER 17, 2021
“Yes” is a powerful word. We all enjoy hearing the answer “Yes” to all our requests, especially in business. But is it possible to receive a positive response all the time? Unfortunately not. The reason behind this is the trade-off concept which is at the core of almost all business decisions. Supply Chain is a …. Continue reading "Always Get a “YES” in your Supply Chain Operations with Concurrent Planning".
Supply Chain Brain
OCTOBER 19, 2021
The global economy’s supply crunch is propelling inflation at such a fast pace that central bankers may be forced to respond, even though fixing that imbalance is beyond their power.
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 Game Changer
OCTOBER 19, 2021
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Resilient Supply Chain! Passing Fad or Long Term Strategy? Historically most companies have relied on third party companies to handle most every aspect of their logistics. Whether that be ocean going vessels, long distance trucking, or last mile delivery, there are a lot of specialty companies offering these services.
Jaggaer
OCTOBER 20, 2021
The post JAGGAER Teams Up with Industry Experts for New Procurement with Purpose Webinar Series appeared first on JAGGAER.
Solvoyo
OCTOBER 17, 2021
“Yes” is a powerful word. We all enjoy hearing the answer “Yes” to all our requests, especially in business. But is it possible to receive a positive response all the time? Unfortunately not. The reason behind this is the trade-off concept which is at the core of almost all business decisions. Supply Chain is a … Continue reading "Always Get a “YES” in your Supply Chain Operations with Concurrent Planning".
Supply Chain Brain
OCTOBER 18, 2021
U.S. organized labor is having a moment after decades of erosion in both influence and power, giving workers their best chance in recent memory to claw back lost ground.
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Supply Chain Game Changer
OCTOBER 18, 2021
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Cloud Telephony! How to Set up a Small Business Phone System! International phone call article and permission to publish here provided by Beth West. For those with loved ones in another country or those who travel a lot, international phone plans must have crossed your mind. No matter where we are, it’s always essential that we stay connected to our friends, family, and business from wherever they are.
The Supplier Experience
OCTOBER 20, 2021
An Interview on Why Now Is The Time to Be In Procurement with Stephen Day. For this episode of Supplier Experience Live from HICX, we are joined by Stephen Day. Stephen is Chief Procurement Officer at Kantar , a data analytics and brand consulting media company based in London. Stephen’s expertise is wide ranging, from operations management, to supply chain management, multi-country transformation and change management.
The Procuretech Podcast
OCTOBER 19, 2021
We’re back with part 2 of a 3 part series of live episodes recorded at Procurement Summit in Berlin on 29 and 30 September 2021. Each podcast features a different theme, focusing on some of the newer, less well-known startups who pitched and exhibited during the summit to bring awareness to some of the exciting new players out there who have a bright future.
Supply Chain Brain
OCTOBER 21, 2021
As the role of technology continues to evolve in the supply chain, where does human expertise fit into the equation?
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.
Jaggaer
OCTOBER 19, 2021
The post Fujairah Finance Department in cooperation with the Fujairah E-Government have signed a strategic agreement with JAGGAER to enhance purchasing operations appeared first on JAGGAER.
The Good Spending
OCTOBER 17, 2021
Competitive bidding may become bad procurement practice The use of competitive bidding remains an established practice. 30-60% of market approach strategies in private companies and up to 90% in public ones involve the RFP process. Any spending above the minimum threshold in many firms involves at least three quotations. This happens despite the well-known Kraljic matrix recommendation to exercise competitive bidding selectively, e.g., for leverage items.
Supply Chain Game Changer
OCTOBER 20, 2021
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Compensation is on the Rise! Supply Chain thrives article and permission to publish here provided by Sam White at Argentus. The challenges posed by the COVID-19 pandemic have supply chain professionals working harder than ever – but compensation is rising significantly to match.
Supply Chain Brain
OCTOBER 20, 2021
A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda in an ever-more-divided Capitol.
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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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