Procurement Templates
JUNE 4, 2024
A service credit is a payment for a non performance by a supplier. It’s normally measured using a KPI. Context and Usage The hierarchy is an SLA, then the KPI’s and then service credits. Here’s a breakdown of what this entails: Service Level Agreements (SLAs) : A service credit will typically be part of the SLA and sits alongside the KPI’s.
All Things Supply Chain
JUNE 3, 2024
Logistics, often the unsung hero of automotive commerce, is decisively shaping how used car dealerships operate and prosper. Smart inventory management isn’t just a tactic; it’s an operational transformation.
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Procurement Leaders
JUNE 7, 2024
In association with SpendHQ: Discover how functional structures are evolving in response to changing demands and their own particular circumstances
Supply Chain Dive
JUNE 7, 2024
The popular hot-sauce maker has notified wholesalers of a production halt that will last for months, citing issues with the chile crop this year.
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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 Brain
JUNE 3, 2024
Chief procurement officers must deal with complex global supply chains and disparate country standards, simply to ensure that all involved are adhering to sustainable practices.
Spend Matters
JUNE 3, 2024
Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Basware P2P solution. It also looks at the voice of the customer and the elements to consider when looking at Basware as a potential solution provider. Part 1 of the analysis provides a history and overview of Basware’s P2P solution its roadmap/vision. This content is for members only.
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 Dive
JUNE 4, 2024
If no deal is reached shippers can expect lengthy delays in moving freight on trucks between the U.S. and Canada as soon as Thursday.
Supply Chain Brain
JUNE 4, 2024
Among all the threats facing global supply chains today, the issue of greatest concern lies within the very heart of the system: a lack of effective cybersecurity measures.
Spend Matters
JUNE 3, 2024
This Spend Matters Vendor Analysis updates our coverage of Basware and its procure-to-pay (P2P) solution. Basware is a long-standing veteran in the accounts payable (AP) space and has built its reputation as one of its largest providers. We have covered Basware various times in the last few years. Since we last examined Basware in 2019, a number of changes and enhancements have been made, including M&As that built its enterprise scale.
SCMDOJO
JUNE 6, 2024
Do you dream of confidently navigating the ever-changing procurement world, not confused with what procurement training to opt for? Are you ready to ditch the “cost-cutter” label and become a strategic mastermind? The SCMDOJO Procurement Track isn’t just another training program – it’s your key to unlocking a commanding presence in the field.
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 Dive
JUNE 6, 2024
With interest rates still high and global elections creating economic uncertainty, many companies are being conservative about spending.
Supply Chain Brain
JUNE 5, 2024
A study by the IHL Group found that retailers miss out on nearly $1 trillion in sales per year because of out-of-stock items.
Procurement Insights
JUNE 3, 2024
Yet another webinar. I remember the first webinar I did was in early 2005. Webex was the platform, and there were some initial challenges, such as getting through company firewalls. Not only was the drawbridge up but the entire castle was locked down, as many organizations were unfamiliar with the technology. Today, webinars are as common as wheat in a wheatfield.
Art of Procurement
JUNE 6, 2024
Victor Suarez is a retired Colonel from the United States Army. He worked for the U.S. Department of Health and. The post Sending a Powerful Message About America’s Pharmaceutical Independence appeared first on Art of Procurement.
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 Dive
JUNE 5, 2024
Inadequate succession planning and poor use of worker skills are among concerns worsened by poor management, according to a report from Mercer and Marsh.
Supply Chain Brain
JUNE 2, 2024
A new report from Capgemini suggests that, for U.S. manufacturers, the dominance of offshore production is coming to an end.
Procurement Freelancers
JUNE 7, 2024
Effective importing procedures are essential in international trade. They are what keep supply chains operating… The post 7 Ways a Sourcing Agent Can Transform Your Imports first appeared on Procurement Blog | Procurement & Supply Chain News.
Art of Procurement
JUNE 2, 2024
“You have to make investments in your supplier network if you want to be successful. The old days of ‘I. The post Meeting Supply Chain Volatility with Agility and Resilience appeared first on Art of Procurement.
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 Dive
JUNE 7, 2024
Justin Neff will build sourcing and aircraft management best practices, engine acquisitions and maintenance support agreements.
Supply Chain Brain
JUNE 2, 2024
A Chinese delegation traveled to the oil-rich Gulf state during the week of May 27, meeting Kuwaiti officials for “in-depth technical and field discussions.
Procurement Freelancers
JUNE 3, 2024
The prosperity of every company is mostly dependent on its suppliers. They offer the goods… The post Elevate Your Business With Innovative Suppliers Sourcing Solutions first appeared on Procurement Blog | Procurement & Supply Chain News.
Una
JUNE 4, 2024
EPISODE 168 Adventures in Public Sector Procurement with Dwight Gibbs By Kelly Barner | June 5, 2024 The public and private sectors both have a great need for top procurement talent. And while their stakeholders, objectives, and processes differ in some ways, they are also subject to the same economic forces and market trends. Sometimes the dynamics in one of their sectors even has an impact on the other.
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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 Dive
JUNE 6, 2024
The new process will leverage artificial intelligence and other recently adopted technology to improve inventory forecast accuracy, per executives.
Supply Chain Brain
JUNE 2, 2024
Brian Irwin, managing director and leader of the automotive sector of management consultancy Alvarez & Marsal, describes the numerous factors that are affecting the sale of electric vehicles in the U.S.
Procurement Insights
JUNE 6, 2024
Here are five critical “touchpoints” in the supply chain. How does “visualizing spending, benchmarking suppliers, and maximizing profits” impact the following areas individually and collectively? To what degree does a breakdown or inefficiency at one point have a ripple effect through the other E2E touchpoints? How does it impact the “savings passed on across the supply chain, resulting in higher or lower product costs for consumers?
Arkestro
JUNE 7, 2024
Case Studies / Procuring Success: How Provisur Technologies Sliced Spend by 20% with Arkestro Procuring Success: How Provisur Technologies Sliced Spend by 20% with Arkestro The leader in manufacturing of industrial food processing equipment turned to Arkestro to help increase efficiency, cut costs, and create more flexible global procurement processes.
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.
Supply Chain Dive
JUNE 3, 2024
With the Federal Reserve unlikely to cut rates this summer, manufacturers aren't keen to invest in new orders or capacity.
Supply Chain Brain
JUNE 5, 2024
Ann Marie Jonkman, senior director of global industry strategies with Blue Yonder, frames the key questions that logistics service providers should be asking, as they consider adopting innovative technologies on behalf of customers.
Procurement Insights
JUNE 7, 2024
Late last month, I wrote the following post: Are Solution Providers Solving The Right Practitioner Problems? It highlighted the top challenges the oil and gas industry faces in 2024. In today’s post, I focus on a LinkedIn share by LCBO’s Chief Supply Chain Officer, Nick Nanos. By the way, Nick has been with LCBO for 34 1/2 years. We are not only talking about experience here; we are talking about expertise.
Art of Procurement
JUNE 7, 2024
Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – June 7th, 2024 appeared first on Art of Procurement.
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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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