Sat.May 27, 2023 - Fri.Jun 02, 2023

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6 Reasons to Automate Your Quote Request Process

ProcurePort

In today’s fast-paced business environment, efficiency is key. One area where organizations can significantly improve efficiency is the quote request process. Traditionally, this process has been manual, time-consuming, and prone to errors. However, with the advent of technology, businesses now have the opportunity to automate their quote request process.

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3 ways to use procurement negotiation to combat inflation

SCMR (Supply Chain Management Review)

In the realm of procurement, it is crucial for professionals to strategically generate substantial value during deal negotiations, especially when dealing with supplier agreements that encompass more than mere pricing considerations.

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Trending Sources

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Navigating Supplier Risk Challenges to Shore Up Cyber Defenses

Supply Chain Brain

Organizations are paying too little attention to the risk of their supply chain information being compromised through cyberattack.

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10 ChatGPT Negotiation Prompts — Everything You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter 10 ChatGPT Negotiation Prompts — Everything You Should Know ChatGPT can help negotiation professionals in a lot of ways, but how? In this article, we will discuss the role of ChatGPT in negotiation. Additionally, we will tell you some of the ChatGPT prompts that can help negotiation professionals in their field.

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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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6 Reasons to Choose a Career in Procurement

Una

6 Reasons to Choose a Career in Procurement Six reasons why a career in procurement is a great professional choice and how it can provide you with a fulfilling and rewarding future. By Hugo Britt | June 1, 2023 Search Are you a recent graduate seeking a career path that combines strategic decision-making, problem-solving, and impactful negotiations ?

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Supply Chain Weekly Wrap-Up 05/26/2023-06/01/2023

All Things Supply Chain

The US and Taiwan announce new Trade deal The US and Taiwan signed a trade deal under the US-Taiwan Initiative on 21st Century Trade, marking the first agreement under this…

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Vietnam Import and Export Statistics 2023

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Vietnam Import and Export Statistics Vietnam’s import and export activities opened with a $58.49 billion turnover of goods in the first quarter of 2023. Vietnam’s central-to-market economy plan transformed the country from one of the poorest into a lower-middle-income country.

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Streamline Supplier Onboarding and Data Management with Supplier Management Software

ProcurePort

Effective supplier management is crucial for businesses to maintain smooth operations in their supply chain and drive growth. However, the process of onboarding new suppliers, gathering their information, and managing supplier data can be time-consuming and prone to errors when done manually. This is where automated supplier relationship management software comes into play.

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The Big Interview with Julian Hackett

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Gemma Burman about his procurement career. How did you get into procurement? My background before I went into procurement was in stores management and stock control. I took a position with Balfour Beatty Rail Infrastructure and part of my remit was to set up new stores for them at their Beeston Depot.

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UPS, Teamsters agree to new terms for deliveries using the Postal Service

Supply Chain Dive

The tentative deal regarding the delivery giant's SurePost service is subject to ratification of the next national contract, which is still being negotiated.

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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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Procurement Managers — The Ultimate Guide

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. However, what are their roles in procurement? In this article, we will discuss what procurement managers do and their importance in procurement.

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The Laws of Supply and Demand Meat at Tyson Foods

Art of Procurement

In his book, An Inquiry into the Nature and Causes of the Wealth of Nations, Scottish Enlightenment thinker Adam Smith. The post The Laws of Supply and Demand Meat at Tyson Foods appeared first on Art of Procurement.

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5 Common Supply Chain Resume Mistakes to Avoid

SCMDOJO

Are you looking to enhance your chances of landing a supply chain role? As someone with extensive managerial and recruiting experience spanning over 15 years, I’ve had the opportunity to review a staggering number of resumes, totaling more than 200. Through this process, I’ve identified a recurring pattern of errors that often lead to these CVs being overlooked.

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Chocolate maker to streamline warehousing, transportation in cost savings push

Supply Chain Dive

Rocky Mountain Chocolate Factory's planned measures include exiting now-unnecessary storage facilities and outsourcing its last mile fulfillment needs.

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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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Inventory Control — What You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Control — What You Should Know Inventory control allows businesses to ensure that the right amount of supply is available to meet the customers’ demands. However, what is it? In this article, we will discuss what inventory control is.

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Episode 117: Title 42 Comes to an End with Kris Lance

Una

EPISODE 117 Title 42 Comes to an End with Kris Lance By Kelly Barner | May 31, 2023 On May 11th, Title 42 came to an end with the expiration of the Federally-declared public health emergency established in response to the COVID-19 pandemic. Title 42 allowed the border patrol to turn away migrants without allowing them to claim asylum, but carried no penalty for repeated attempts to cross the border illegally.

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Climate Change Threatens a World Without Doritos

Supply Chain Brain

Climate change is causing supply chain disruptions for several of the commodities that are used to make Doritos like corn, salt, sunflower oil and dairy.

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Labor disruptions throughout West Coast ports sow uncertainty

Supply Chain Dive

Five ports in California and Washington experienced issues Friday as terminal jobs went unfilled. Stakeholders are warning ripple effects could be felt in the coming days.

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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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Sustainability Statistics 2023

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Sustainability Statistics 2023 — 20 Key Figures Technological advancements here and there. That’s the common trend nowadays as people are increasingly achieving their feat in various fields. However, does humankind ever look back to where it started?

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Finding And Vetting The Right Suppliers With The Help Of Sourcing Agents

Procurement Freelancers

The sourcing procedure, which is used to purchase products and services, includes finding and evaluating… The post Finding And Vetting The Right Suppliers With The Help Of Sourcing Agents first appeared on Procurement Blog | Procurement & Supply Chain News.

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[Pod] Exploring the Potential for Applying AI in Procurement w/ Florin Tufan

Art of Procurement

“The reason you need AI is because you never know what you don’t know. Procurement has to be able to. The post [Pod] Exploring the Potential for Applying AI in Procurement w/ Florin Tufan appeared first on Art of Procurement.

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Logistics providers bet on tech to improve warehouse efficiency

Supply Chain Dive

Companies such as Maersk, DHL and SEKO Logistics have trialed new technologies over the past year. Here are 10 stories that show how.

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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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How Field Service Innovations Can Help Deliver Net-Zero Emissions

Supply Chain Brain

In 2021, just one in five of the 2,000 largest publicly listed companies committed to net-zero policies for carbon emissions. A wake-up call is needed, and field service operations are on the front line to deliver it.

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A Guide To Understanding Procurement Analytics

Procurement Freelancers

Businesses are under continual pressure to find ways to enhance their processes. This is a… The post A Guide To Understanding Procurement Analytics first appeared on Procurement Blog | Procurement & Supply Chain News.

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Frictionless Supply Chain: Connecting manufacturers to their customers

SCMR (Supply Chain Management Review)

Listen in as Rosemary Coates and Ruyi Gaffney, COO at CONNEX, talk about connecting manufacturers to buyers. Rosemary Coates, executive director of the Reshoring Institute, hosts this episode of The Frictionless Supply Chain.

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A labor flareup is affecting operations at several West Coast ports

Supply Chain Dive

The ports of Los Angeles, Oakland and potentially others are experiencing disruption due to the shortfall. This is a developing story.

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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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NJ Senators Award $400,000 to Manufacturing Extension Program

Supply Chain Brain

The grant will allow the NJEMP to provide technical assistance and optimization improvements to small- and mid-sized manufacturers across the state.

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Connected products at the edge

IBM Supply Chain Blog

There are many overlapping business usage scenarios involving both the disciplines of the Internet of Things (IoT) and edge computing. But there is one very practical and promising use case that has been commonly deployed without many people thinking about it: connected products. This use case involves devices and equipment embedded with sensors, software and connectivity that exchange data with other products, operators or environments in real-time.

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How Learning a New Language Can Benefit Your Career in Supply Chain Management

SCMDOJO

Even if we take a quick look at the current supply chain management challenges like digital transformation and demanding forecasting evaluation, it becomes obvious that learning a new language is essential. It is a reason why so many bilingual specialists often manage to establish successful careers and deal with global challenges, congestion resolution , and frequent delays at ports that take place.

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ASCM launches new certificate to train supply chain workers in tech

Supply Chain Dive

CEO Abe Eshkenazi said companies continue to prioritize technology spend, and workers need training to understand concepts like big data, machine learning and AI.

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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.