All Things Supply Chain
MAY 13, 2022
Drug producers supplying NHS face supply chain crisis The National Health Service (NHS) in the United Kingdom is facing a shortage of medicines which are relied on by hundreds of…
ProcurePort
MAY 12, 2022
• Managing agreements is a critical part of any procurement process. In a normal procurement process, buyers, usually organizations or institutions, send their purchase requests to suppliers to inquire about product availability, pricing, and delivery. • So, a significant part of any procurement function is to make and deliver on agreed-upon commitments through formally signed […].
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ivalua
MAY 13, 2022
The post How to Leverage Your Supply Chain Data to Drive Procurement Value appeared first on Ivalua.
ABC of Procurement
MAY 9, 2022
IT procurement is a completely different type of procurement. How procurement can add value to the process? Here are a couple of hints. The post What to focus on in IT tenders first appeared on ABC of Procurement.
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All Things Supply Chain
MAY 11, 2022
No matter what they do or what markets they serve, all companies have to worry about their overhead expenses.
ProcurePort
MAY 11, 2022
• The role of the procurement department in businesses today exceeds just finding the lowest possible price for items the organization needs. •The global nature of business today is such that a business can source items from anywhere in the world if it makes logistical and business sense. • It’s about establishing relationships and hedging […].
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 Brain
MAY 12, 2022
The U.S. and European Union plan to keep addressing supply chain and other disruptions as they project a unified front against Russia when high-level officials meet starting Sunday to discuss cooperation on trade and technology issues in Paris.
All Things Supply Chain
MAY 9, 2022
In the area of supply chain, it is important to keep up to date with the latest news and trends.
ProcurePort
MAY 10, 2022
• Strategic sourcing is a critical element of any successful organization. Organizations rely on strategic sourcing in meeting short-term and long-term needs. To sufficiently meet the ever-changing customer needs, you need a reliable and strategic procurement process. • It’s critical to know what a strategic RFx process is in procurement planning and management.
Supply Chain Game Changer
MAY 11, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Create a Digital Marketing Strategy for a Logistics Company! Most manufacturers still rely on traditional methods to promote their business. Word-of-mouth referrals, networking events, and trade shows are still preferred by those in the manufacturing industry for a good reason they still work.
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 Brain
MAY 12, 2022
In recent years, companies have heavily invested in tools to collect and create new data sets. Yet they continue to face challenges in translating that data into valuable business insights that lead to supply chain improvements.
SCMDOJO
MAY 13, 2022
Each year around 700 million TEUs are shipped across the world keeping global trade and businesses running and more than eighty percent of global goods trade volumes are carried by sea, with about a sixth of that volume in shipping containers. The advent of containerization heralded a revolution in cargo handling techniques, the ramifications of which are still influencing maritime trade all over the world today.
CPO Rising
MAY 13, 2022
Our “Procurement Experts on CPO Rising” series continues today with an excerpt from my 2021 episode of the Procurement Rising Podcast – Bill Cooper, former Associate Vice President and Chief Procurement Officer for the UC system, now retired (click to listen to the full interview). Note that this excerpt has been edited for readability. The Role of Procurement in […].
Supply Chain Game Changer
MAY 10, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! In April, 2022 I was invited to present at Unicorn Partners’ Supply Chain Intelligence Summit. They wanted to have “an intensive and critical examination of the reality and the dream of end-to-end supply chain visibility” For anyone who follows Supply Chain Game Changer, you know that we view end-to end Supply Chain connectivity and visibility as the foundati
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 Brain
MAY 12, 2022
While all parties have expressed confidence that an agreement will be reached between dockworkers and employers without disruption, they conceded there will be “difficult” issues. Among these are certain to be the wrangle over automation.
Strategic Sourceror
MAY 13, 2022
In just about every product-driven industry, too many dollars are chasing after too few goods. From microchips to crude oil to food staples that are typically well stocked — like wheat, corn and eggs — the items you need to complete your manufacturing processes remain difficult to come by. This puts the suppliers that provide you with these necessities in a bit of a predicament — especially when they have other customers who are looking for the same hard-to-find raw materials that you are.
Procurify
MAY 12, 2022
Written by: Delaney Rombough. Many people use the terms procurement and purchasing interchangeably. But despite their similarities, they do have different meanings. One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area.
Supply Chain Game Changer
MAY 11, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What to do in a Financial Emergency! When people face sudden money problems , they will most likely turn for help to their relatives and friends in the first place. During challenging times and financial hardship, you may become the first person your loved ones will talk to. If your close friend or a family member needs to get money today , there are several options.
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 Brain
MAY 10, 2022
A lack of data sharing is one of today's most glaring issues in supply chain management. But just as important is that every stakeholder is on the same page — working with the same kind of data at the right time.
Strategic Sourceror
MAY 12, 2022
With manufacturers responsible for approximately 11% of the United States' gross domestic product and employing nearly 8% of the nation's workforce, many of the supply chain problems the country is encountering have fallen squarely on the industry's broad shoulders. Expansive though they may be, manufacturers are feeling the pressure. Indeed, of all the challenges they've encountered — from retention troubles to high operating costs — nearly 90% say the supply chain is their single largest strug
The Procuretech Podcast
MAY 10, 2022
This week we’ve got a sponsored episode, welcoming back a guest we last spoke to in September 2021, Henning Hatje from Lhotse. Lhotse has a tactical and tail spend solution, which they see as something complementary to a legacy suite based approach. So if you've spent a lot of money investing in one of these suites and you're not likely to change provider, or maybe your company has a strategy to use a specific ecosystem that matches and ties in with your ERP (not naming names!
Supply Chain Game Changer
MAY 9, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? There are a lot of companies in the supply chain, and they all work together to make almost every product that comes into contact with a customer. This is the idea behind supply chain management. Even though supply chains have been around since the beginning of time, the field of Logistics and Supply Chain education has only recently been considered in dep
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Supply Chain Brain
MAY 11, 2022
With the expansion of global trade and evolution of omnichannel retail, supply chains have become increasingly critical, complicated and challenging, spotlighting the impact of globalization and fulfillment of commerce on the environment.
Strategic Sourceror
MAY 10, 2022
We use palm oil in nearly every facet of our lives, whether we are aware of it or not. From cooking oil, to hair products and biofuel, palm oil is pervasive at every level of society for many different purposes. The ubiquity of the oil cannot be overstated, with an article in The Guardian stating that over 70% of all personal care products contain it, as well as being the cooking oil for major fast food brands and an integral part of baked goods without trans-fats.
ContractSafe
MAY 10, 2022
Contract management reports provide data for analyzing everything from compliance, budgets, and finances — to project bids, vendor relationships, and contract task management.
Supply Chain Game Changer
MAY 8, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Sell on Amazon! The Complete Guide! There are a few factors that can make your product stand out to the customers. One of them is if your product offers standard quality at a relatively low price. While price is still the main factor for customers to notice your product, when it comes to online shopping, keywords somewhat play the same role.
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 Brain
MAY 10, 2022
SupplyChainBrain is presenting its first issue devoted entirely to Environmental, Social and Governance (ESG)-related topics — with insights from industry experts engaged directly in the effort to forge ethical supply chains, and in a position to offer practical advice on how others can follow their example.
Arkestro
MAY 9, 2022
Predictive Procurement Orchestration (PPO) is the future of procurement. Why do we say that? The goals of procurement in an organization used to be relatively simple. Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. With the advent of globalization, things got more challenging.
Strategic Sourceror
MAY 10, 2022
One of the most difficult things in supply chain management is creating and maintaining strong relationships with your suppliers. Building the necessary level of trust, transparency and dedication going both ways is energy-intensive and emotionally draining. As difficult as it can be, the rewards make it incredibly worthwhile. As one writer from the University of North Carolina put it, a comprehensive strategic alliance between a company and their supplier is like a marriage — the more work you
Supply Chain Game Changer
MAY 11, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Nothing stands still, including services. Over time, more and more new systems of economic and other services appear, the need for which is dictated by the market. Cleaning is one of these relatively young services. In the usual words, cleaning is cleaning. But the cleaning service is professional, using special chemicals and technical devices.
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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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