Sat.Jul 11, 2020 - Fri.Jul 17, 2020

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Small Space? Here’s How to Increase Your Warehouse Storage

All Things Supply Chain

According to The Wall Street Journal, the supply of warehouse space in the United States most likely caught up to demand at some point during 2018.

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Enhancing the RFP Process for a Stronger Supplier Relationship

ProcurePort

The supply chain is a vital aspect to any organization in any industry. Developing a book of suppliers and vendors that are trustworthy, reliable, and actively respond to RFPs is a challenge for every procurement team. Enhancing the RFP process can help organizations in building a library of suppliers and vendors that they can turn […]. The post Enhancing the RFP Process for a Stronger Supplier Relationship appeared first on ProcurePort Blog.

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COVID-19 hindering sustainability initiatives, reveals research

ivalua

A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices. 16th July 2020, London – Research from Ivalua, a leading provider of spend management cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic. According to the study, almost all (95%) UK businesses have plans in place to address environmental concerns in the supply chain over the next 12 months; h

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How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! (Video). Digital Supply Chain evolve article and permission to publish here provided by Megan R. Nichols. People often position the digital supply chain as essential for helping today’s businesses succeed. What a digitized supply chain entails, though, changed over the years due to the evolution of technologies and how people use them.

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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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Supply Chain Weekly Wrap-Up 07/10/20 – 07/16/20

All Things Supply Chain

Report: Last-Mile Delivery is the Most Inefficient Process for More Than Half of North American Companies The transportation and logistics (T&L) industry has experienced significant disruptions due to the steep…

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An RFI Template Your Procurement Team Can Easily Follow

ProcurePort

We all know that in business, time is money. As a procurement professional whose job is to secure reliable vendors for clients, it is imperative to take advantage of all the resources available to you such as automated RFI templates to make the outsourcing process more efficient. When first engaging potential suppliers, you may request […]. The post An RFI Template Your Procurement Team Can Easily Follow appeared first on ProcurePort Blog.

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How Supply Chains Can Weather the Next Pandemic Wave

Supply Chain Brain

The key to mitigating abrupt and unexpected disruptions in any company’s global supply chain is timely, actionable information.

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Defining the New Normal in Supply Chain! What’s Normal Anyways?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! The Coronavirus pandemic has upended almost every aspect of our personal and business lives. And now we hear talk about this “new normal” The economic and personal turmoil has been unprecedented. But with uncertainty around the future spread of the Covid-19 virus and uncertainty about the arrival of some kind of vaccine there is increasingly talk of a ne

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Coronavirus Series Part 4 – Managing Supply Chain Disruption Caused by COVID-19

EazyStock

In our four-part blog series on Coronavirus and its impact on inventory management , so far we’ve looked at how to overcome COVID-19 demand forecasting challenges and improving inventory planning during the pandemic. Now we’re going to focus on mitigating the risks of supply chain disruption as we move out of lockdown and into a new, but uncertain, future.

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Hackett Group | Procurement & IT Collaboration: Removing Silos to Drive Transformation

ivalua

The post Hackett Group | Procurement & IT Collaboration: Removing Silos to Drive Transformation appeared first on Ivalua.

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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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How E-Commerce Became Crucial to Retail Survival

Supply Chain Brain

While overall retail sales are expected to drop more than 10% this year, e-commerce will jump an unprecedented 18%.

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How CRM Can Help Supply Chain Companies!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Benefits of Providing Tracking Information to Your Customers! CRM article and permission to publish here provided by Joe Johnston. If you are working or running a supply chain company, you’ll know that your industry is completely globalized. As your reach expands to nearly every country in the world, you find yourself catering to thousands of businesses.

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What the Department of Education’s Guidance Means for Higher Ed Procurement Teams

Jaggaer

Let’s be honest… it’s a confusing time to be in higher education. As the Department of Education, along with state education departments around the country, begin issuing recommendations for return to school plans , procurement teams are left asking what’s next for them. How do you prepare your school for a full or partial return, and what do you do if classes are being held entirely online?

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Coronavirus Series Part 3 – Improving Inventory Planning During the COVID-19 Pandemic

EazyStock

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. So far we’ve discussed how to overcome demand forecasting challenges due to Coronavirus. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions.

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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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Eight Steps to Prevent Chaos As Businesses Reopen

Supply Chain Brain

Reopening is no small feat, but the task that follows is infinitely more tricky: refocusing your supply chain to bounce back from disruption.

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5 Ways To Make Customers Feel Valued!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Customers Do Not Care About Your Problems! Customers feel valued article and permission to publish here provided by Dhruv Mehta. Do you love your customers? Indeed, you do. But how do you tell your customers that you value them? As you must have read at hundreds of other places, customer experience has overtaken price and quality as the key differentiator for brand loyalty.

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Benchmark your Organization – Take Part in the 2020 Procurement Performance Excellence Survey

Jaggaer

Procurement has developed rapidly in recent years, and with the application of transformative technologies such as artificial intelligence and new challenges such as Covid-19 and changing global trading relationships, the rate of change is likely to accelerate. . So, w hat is the current state of best practice in procurement? And what should your organization consider do ing to move up to the next level?

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Solving Supply chain Problems with Digital Twins

The Network Effect

The post Solving Supply chain Problems with Digital Twins appeared first on The Network Effect.

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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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The Importance of Last-Mile Visibility in the U.S.

Supply Chain Brain

In order to stay competitive in the rising e-commerce and mobile world, retailers will need to make continued investments in their final-mile strategies.

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AI-Powered Spend Intelligence - Sreeram Venkitakrishnan from Simfoni

The Procuretech Podcast

While many solutions providers in the procuretech space have focused their efforts on automating or simplifying operational procurement, my guest this week is from a company who have used this technology to bring AI-driven benefits to the spend analysis process. Instead of just providing a spend dashboard, Simfoni is seeking to distinguish itself from an increasingly crowded marketplace by offering spend classification, a suggested savings roadmap and risk analysis all in one.

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How to Mitigate Co-Employment Risk In Procurement

Claritum

Introduction. There is an ever-increasing emphasis on the need to mitigate risk associated with non-employee workforces. The unpredictable economic environment requiring organisations to readily increase or decrease resources. Procuring and managing costs associated with these resources is typically handled in a very manual fashion. Spreadsheets and emails often being the tools employed.

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How CIOs Can Limit the Risk of Outsourcing I.T.

Supply Chain Brain

Businesses are increasingly turning over their information technology functions to outside service providers.

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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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Building, Not Breaking, the Supply-Chain Backbone

Supply Chain Brain

Supply chains are having a moment. It took a major transformative event to highlight the importance and fragility of the global and interdependent supply-chain network.

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How to Make the Best of Your Supply Chain Right Now

Supply Chain Brain

Keeping our supply chains safe is just as important as keeping them lean. Here are three opportunities you can leverage today.

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Four Post-Pandemic Lessons for E-Commerce Supply Chains

Supply Chain Brain

The first and most obvious lesson has been to diversify product sourcing across different countries.

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Ensuring Predictable Wireless Connectivity in Supply-Chain Centers

Supply Chain Brain

For the last decade or more, “wireless” in supply chain meant two things: Wi-Fi or a public cellular network. Those were simply the only two options available to any business. But that circumstance has changed.

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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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When Will U.S. and Global Oil Markets Recover?

Supply Chain Brain

The coronavirus pandemic, declining global consumption and overproduction have combined to deal a severe blow to the oil industry.

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Five Keys to Navigating COVID-19 in Food Supply Chains

Supply Chain Brain

As manufacturers and suppliers face the challenges of combating the pandemic and keeping employees safe, they’ll need to adopt a multilayered approach.

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Why Brands and Retailers Are Opting for 3-D E-Commerce

Supply Chain Brain

Product manufacturers, e-tailers and traditional brick-and-mortar stores alike are leading an emerging generation of e-commerce and web experiences built with 3-D visualization technologies.

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For Peace of Mind, Know Your Supplier’s Financial Stability

Supply Chain Brain

Consider these three steps as a guideline.

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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.