Sat.May 28, 2022 - Fri.Jun 03, 2022

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How AR and VR Can Cut Waste in the Supply Chain

All Things Supply Chain

Since the COVID-19 pandemic, businesses and consumers have struggled to access affordable materials. Supply chain deficiencies are significantly impacting the global market.

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Hey procurement team! What can you buy in the Metaverse?

ABC of Procurement

So much talk about the Metaverse. You can do this; you can do that. I wanted to see what may the Purchasing department look for in the metaverse. The post Hey procurement team! What can you buy in the Metaverse? first appeared on ABC of Procurement.

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RFP360 named value leader by Spend Matters

RPF360

Spend Matters has recognized RFP360 as a strategic sourcing value leader in their Spring 2022 SolutionMap evaluation. The RFP management system features RFP automation, RFP process workflows and more making it a powerful request for proposal tool. Read more about the evaluation and results in this press release. The post RFP360 named value leader by Spend Matters appeared first on RFP360.

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Direct Purchase Order Definition

ProcurePort

• Direct purchase orders are issued in the acquisition of raw materials that go into the final product in a manufacturing enterprise. • For an automaker, direct purchase orders would be issued for the acquisition of finished and semi-finished components, parts, fasteners, paints, rubber parts, plastic parts, castings, metal sheet parts, and forgings.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

ivalua

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come.

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Schneider Electric’s three-pronged strategy to support the transition to a net-zero future

Procurement Leaders

Challenge. With up and downstream emissions accounting for 57% of the average company’s environmental impact, according to Procurement Leaders research, improving supply chain sustainability is becoming an ever-greater priority for business leaders. Schneider Electric, the leader in the digital transformation of energy management and automation, embarked on a massive transformation in 2021, which includes deploying services and solutions to deliver energy efficiency and sustainability while guid

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How to Prepare for Emerging Supply Chain Regulations

ProcurePort

• The global development goals have highlighted the changing role of sustainability. The GDPs seek to ensure that individuals, organizations, and institutions follow the set regulations in protecting and safeguarding the sustainability of future generations. • A special part of global sustainability is new regulations that control industrial and institutional operations and limit the damage […].

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#1! Are you a Supply Chain Digital Champion?

ivalua

Digital Champion Best Practices. In today’s dynamic business environment, consumer behavior and expectations are changing dramatically. As the demands on supply chains continue to increase, so do the expectations of consumers. Most consumers are conducting their own research before making decisions, buying across multiple channels and expecting customized products and services.

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How procurement at UPS transformed itself from a transactional function to a strategic partner

Procurement Leaders

Challenge. Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. Excluded from planning meetings and strategic decisions, and with a team lacking the knowledge and relationships to drive real change, procurement was extremely decentralised, in control of just 30% of global spending and focused mostly on tactical, transactional activities.

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The Single Point of Failure in Supply Chain – Baby Formula!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – The Suez Crisis! There are over 3.5 million births in the United States every year. That is a lot of babies who need baby formula. With such a large number of births you would expect that there would be a steady, well established industry supporting the supply of all needs for new mothers, babies and their families.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Vendor Management for Dummies

ProcurePort

• A vendor management system provides efficiency, reduces operational costs, and extends a collaborative approach to improving products and services. • Managing vendors is a central part of any procurement process. Despite the criticality of vendor management in modern supply chains, organizations are yet to deploy vendor management systems. Tips to Help You Understand Vendor […].

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Five Ways Shippers Can Shore Up Cybersecurity

Supply Chain Brain

Shippers and carriers are accelerating the pace of digital transformation — creating new security challenges and opportunities for hackers.

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CBRE and Zurich’s approach to boosting spend with diverse suppliers and social enterprises

Procurement Leaders

Challenge. Like an increasing number of companies, property services giant CBRE recognises the value of using procurement to drive social impact through spending with diverse suppliers and social enterprises. As well as helping to create a more equal society, this can also drive improvements in resilience and innovation, and enhance a company’s attractiveness to clients with similar social goals.

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Industry 4.0 and How Data is Changing Manufacturing!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Preparing Your Company for Industry 4.0! Industry 4.0 , sometimes also called the fourth industrial revolution , is a trend of data exchange and automation in changing manufacturing and manufacturing technologies. This data exchange and automation is meant to make factories and plants smarter.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Why Use Purchase Orders (POs) in Your Bookkeeping?

SCMDOJO

Gather the accountants, leaders, department heads, store managers, and ask them which document plays the most significant role in the company. Sure, you’ll get different answers. But most will agree that one document is crucial for nearly all business functions, and automating it can ultimately boost your profits. And that’s no other than a purchase order.

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How to Tackle Supply Chain Disruptions With an I2R Team

Supply Chain Brain

How do businesses tackle a tumultuous supply chain? Establish an issue-to-resolution (I2R) process that allows a dedicated team to tackle current and future issues. .

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Pan American Health Organization’s digital endeavours to increase procurement speed and efficiency

Procurement Leaders

Challenge. Automation promises to hugely streamline the job of procurement, eliminating tedious administrative work and ultimately allowing the function to move faster and focus on more strategic priorities. That was the aim of the Pan American Health Organization (PAHO), a specialised international health agency for the Americas, when it turned to robotic process automation (RPA) as it faced up to the unprecedented challenge of helping countries throughout the Americas in their response to the

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Do You Need Crypto Knowledge in Business?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 10 Considerations Before You Buy Cryptocurrency! Whether you like it or not, crypto is taking over more and more facets of our lives. One of the areas it is seeing the most growth is in business. Adopting crypto and crypto knowledge into your business is not only forward-thinking but is becoming necessary.

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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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Spend Matters Ranks SpendHQ as a Customer Leader in Spring 2022 SolutionMap

SpendHQ

Atlanta, June 2nd – SpendHQ lands as a Customer Leader in Spend Matters’ most recent release of its SolutionMap benchmarking for Spring 2022. This release includes technology rankings that include 69 vendors. Known as the most rigorous, data-centric functionality assessment of procurement technologies in the industry, SolutionMap contains 500+ RFI requirements across 10 source-to-pay module […].

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What West Coast Ports' Labor Negotiations Mean for Supply Chains

Supply Chain Brain

As the U.S.’s largest ports in California moved record amounts of cargo amid pandemic-induced supply chain bottlenecks, union dockworkers strengthened their indispensable role in the nation’s logistics network.

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The Chinese Concentration Camps

Value Match

Categories. Best Practice Guides. Bid Management. Business. Case Study. Circular Economy. Community Story. Contract for Change. Environment and Climate. Equality and Inclusion. Government Buying Standards. House of Commons Committee of Public Accounts. Human Rights and Modern Slavery. Legislation. National Audit Office Reports. News. Procurement Best Practice.

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The Recycling Benefits of Mono-Material Flexible Packaging!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Is Cardboard Packaging Environmentally Friendly? Mono-material can be described as a product only made from one resin type. Packaging using this option is rapidly gaining popularity when compared to multi-material packaging. There are a number of very clear advantages of using this option: Material is recyclable and much easier to recycle.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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10 Key Criteria to Consider when Buying Procurement Tech

The Procuretech Podcast

This week we’re doing something a little bit different: A quick solo episode, bringing you ten key criteria to consider when sourcing a digital procurement solution. This is something that seems surprisingly hard to come by in popular articles and white papers, so here are ten helpful factors to consider. Let’s dive into the list… 10 Key Factors When Choosing A Procurement Solution. 1.

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Supply Chain Snags Poised to Spur New Wave of Corporate Distress

Supply Chain Brain

Rising helium costs, missing auto parts, and shipping delays are spurring a new wave of financial trouble for companies already saddled with debt amid broader concern that the U.S. economy is on the brink of a downturn.

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Honeywell @IvaluaNow: Rethinking Procurement for Today’s World

CPO Rising

Leading supply management suite provider, Ivalua, recently held its annual user conference Ivalua Now as an in-person (but also virtual) event in Washington, D.C. It was another stellar showing of this always well-organized and high-class affair. Ardent analysts participated virtually this year and hope to return in person in 2023. The Day One mainstage was […].

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Laptops for Students! What You Need to Know!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Important Uses of Technology in Modern Teaching and Learning! Which school laptop you buy is an important decision. Chances are, this is the laptop that is going to stay with you for some years. If that’s the case, you’re going to need something that can go the distance. This guide will take you through what you need to know before you buy your laptop as a student.

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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Why spend management matters

Fraxion

Operating a business is expensive. According to the U.S. Bureau of Labor Statistics, 65% of businesses fail within their first ten years, and much of this is due to poor financing and cash flow. One thing is clear: no matter the size of your business, you need to manage the daily expenses your business incurs to operate effectively. Fortunately, business spend management solutions can help you do this.

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Walmart, Gap and Others Amass $45 Billion in Extra Stuff to Sell

Supply Chain Brain

Big retailers rushed to build up inventories last year amid soaring consumer demand and transportation bottlenecks — going so far in some cases as to rent their own cargo ships. Now, they’re trying to figure out how to sell all their stuff.

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Why Predictive Procurement in Health and Pharma is the Future

Arkestro

Harvard Business Review has a number of articles that provide an excellent primer on the background of procurement in the health and pharma industries and the extraordinary challenges they have faced during the COVID-19 pandemic. The researchers who have authored these articles point to the need for procurement to play a leading role in addressing the challenges.

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How Remote Patient Monitoring Systems Change Lives!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 6 Ways Healthcare Professionals Can Prevent Occupational Hazards! Remote Patient Monitoring (RPM) is a way to monitor someone’s health through technology. Without the need to be in a traditional clinical environment, certain information about the patient’s health status is electronically sent to their doctor, who can monitor this data remotely.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr