All Things Supply Chain
MAY 18, 2022
Effective inventory management can be an invaluable asset for any organization. With the right management system, a business can improve inventory visibility, optimize its supply chain and navigate shortages.
ProcurePort
MAY 18, 2022
• Sourcing is the process of finding the most suitable suppliers of goods and services to a company. When sourcing, a business has to consider the following constraints: cost, profit margins, and competitiveness. • The right supplier must offer a good enough price so that the acquiring business can make a profit margin by trading […]. The post What is Sourcing Process in Procurement – A Complete Guide to Sourcing Processes [2022] appeared first on ProcurePort Blog.
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ivalua
MAY 18, 2022
When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market.
Supply Chain Game Changer
MAY 16, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Why Cyber Security is Important! As a business owner, you need to be aware of the threat of ransomware which holds data hostage in exchange for payment. This form of malware is not new. So, why is it even more important to protect your data against this type of threat? The pandemic has prompted a surge in digitization in the last couple of years: more people work remotely, and we use the internet to hold meetings and exchange
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All Things Supply Chain
MAY 16, 2022
Automation has brought a lot of value to industries across the United States in recent years.
ProcurePort
MAY 19, 2022
• Effective contract administration and vendor management are not easy to achieve, especially when an organization is dealing with multiple vendors. • There are multiple contracts to be agreed upon, monitored, reviewed, and renegotiated each year. • When done well, contract administration can create win-win situations for a business and its vendors.
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 15, 2022
Soaring customer demand has created unique challenges for procurement managers. By developing effective inventory management techniques, procurement professionals can tackle the issues from several unique angles.
ProcurePort
MAY 17, 2022
• Strategic sourcing is a combination of activities aimed at aligning a company’s procurement spend with its overall objectives. • It’s about spending money in the wisest ways rather than just angling for the lowest prices of items. The sourcing strategy balances numerous variables in supply chains as well as the various interests of internal […].
ivalua
MAY 15, 2022
Part I: Bridging the Gap between Procurement and Finance. A New Vision for Amrest. Amrest, a restaurant operations leader in Europe, was looking to create one business, one team, with one mission. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Where to begin? Let’s start with their business model and current challenges.
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 Trend
MAY 17, 2022
Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. This traditional IBP is not set up for a fast-changing world, where speed of decision making confers a competitive advantage. Intelligent automation will change this. In this series of blogs, I will discuss the transition of traditional IBP towards a more intelligent IBP.
Supply Chain Game Changer
MAY 17, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Confessions of a High Priced Expediter! Anyone who has worked in Supply Chain knows that problems will arise anytime, anywhere and anyhow. These problems will require quick reaction, expediting, firefighting, long hours and sleepless nights. Certainly the disruptions caused by the pandemic have made reactive Supply Chain operation the norm in virtually every industry and every geography.
Supply Chain Brain
MAY 17, 2022
U.S. and European businesses are reconsidering their investments in China after the lockdown in Shanghai and restrictions in other cities caused major disruption to their operations.
ivalua
MAY 15, 2022
Part I: Bridging the Gap between Procurement and Finance. A New Vision for Amrest. Amrest, a restaurant operations leader in Europe, was looking to create one business, one team, with one mission. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Where to begin? Let’s start with their business model and current challenges.
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
EazyStock
MAY 20, 2022
Warehouse technologies and automated systems can help solve warehouse and supply chain issues cost-effectively. The right technologies can increase efficiency by improving stock control and pick accuracy, warehouse flexibility, responsiveness, and safety and security. They can also help strengthen supplier relationships and improve customer service levels.
Supply Chain Game Changer
MAY 20, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. It is likely that part of your day already depends on your PC running effectively without delays. Whether you use one at work, for gaming, or to socialize, it can be extremely frustrating when your computer is out of action for seemingly no reason due to programming errors. You will be pleased to know that not every PC fault happens at random.
Supply Chain Brain
MAY 19, 2022
Delivery drones bearing your dinner or prescription have yet to take to the skies over any major city or even suburb. Why is that?
ivalua
MAY 18, 2022
The post Holistic Supplier Management is Key to Business Success appeared first on Ivalua.
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.
Positive Purchasing
MAY 19, 2022
Philip Ideson, former procurement delivery leader for Accenture and creator of Art of Procurement , the #1 weekly procurement podcast, explores whether category management remains an essential function for procurement organizations – or not. Only procurement thinks of products and services as categories, and that is okay. The driving intent behind category management is to help the business determine a more value-oriented buying strategy by segmenting their spend purposefully.
Supply Chain Game Changer
MAY 20, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Magento 2.3.7: A Concession for Users! A Progressive Online App often known as a PWA, such as Magento PWA, is a web application that combines contemporary web technologies and design principles to create a dependable, quick, and engaging user experience. Progressive Web Apps (PWA) are a relatively new idea proposed by the Google team in 2015.
Supply Chain Brain
MAY 17, 2022
Hospitals around the U.S. are postponing CT scans and rationing care while waiting on shipments of medical dye made in a Shanghai plant that just restarted production amid the city’s lockdown.
ivalua
MAY 15, 2022
The post Public Sector Procurement Datasheet appeared first on Ivalua.
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Procurify
MAY 19, 2022
Written by: Delaney Rombough. Working in a remote or hybrid environment has become the new normal for many mission-driven organizations. For most finance people, that’s easier said than done. Spring is the busiest season for most accounting and finance professionals. We know you’re in the middle of month-end close, quarter-end close, audit preparation, and tax filings.
Supply Chain Game Changer
MAY 19, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. On Time Delivery – Get that right First! The pandemic may be over, but its effects may continue well into the coming years. One of the biggest challenges remaining from the pandemic is the labor shortage and its ripple effects on multiple industries, including logistics companies.
Supply Chain Brain
MAY 18, 2022
A vast swath of North America from the Great Lakes to the West Coast is at risk of blackouts this summer as heat, drought, shuttered power plants and supply chain woes strain the electric grid.
ivalua
MAY 17, 2022
The post Source-to-Contract (S2C) Datasheet appeared first on Ivalua.
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.
The Procuretech Podcast
MAY 17, 2022
This week our guest is Jim Bureau, CEO of Jaggaer. He’s carving out a niche for an all-in-one solution, at a time when best of breeds are gaining market share. I’m known as a bit of a best of breed fanboy, so Jim is stepping into the dragon’s den, here! I welcome Jim to the podcast, congratulate him for his bravery, and ask him about the challenges of offering a full suite solution in a tough market.
Supply Chain Game Changer
MAY 16, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our Top 16 Articles on Freight and Logistics! Flawless logistics can really be the secret ingredient to the recipe for a successful business. And for a business expanding to a country like India – which is the hub of trade (and ever-increasing consumers) working without a solid logistics partner can land your business in a risky position.
Supply Chain Brain
MAY 18, 2022
In an age of automated ports and AI-powered hiring, many companies’ go-to method to manage pricing is amazingly low-tech — typically a mash-up of emails, spreadsheets and disjointed business intelligence tools.
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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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