Sat.May 14, 2022 - Fri.May 20, 2022

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AI Creates an Efficient Inventory Management System

All Things Supply Chain

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.

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What is Sourcing Process in Procurement – A Complete Guide to Sourcing Processes [2022]

ProcurePort

• 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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The True Power of a Payments Partnership

ivalua

As part of Ivalua’s journey to bridge the gap between Finance and Procurement, Ivalua has partnered with TransferMate to reduce the financial friction within cross-border trade. But why is this so important for business, and what does it mean for prospects and customers? This blog will answer these questions plus a few more. How important is this partnership to both Ivalua & TransferMate?

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Three Procurement Pro-Tips to Optimize Inventory, Cash Flow

Supply Chain Brain

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.

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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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How Can You Automate Procurement and Supply Chain Jobs?

All Things Supply Chain

Automation has brought a lot of value to industries across the United States in recent years.

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Goals and Challenges in Contract Administration and in Vendor Management

ProcurePort

• 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.

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6 Ways to Protect Your Business from Ransomware Attacks!

Supply Chain Game Changer

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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Supply Chain Weekly Wrap-Up 05/13/2022-05/19/2022

All Things Supply Chain

U.S.

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What is Sourcing Strategy and Why is it Important?

ProcurePort

• 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 […].

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U.S., European Firms Rethink China Investment After Lockdowns

Supply Chain Brain

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.

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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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Public Sector Procurement Datasheet

ivalua

The post Public Sector Procurement Datasheet appeared first on Ivalua.

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Intelligent IBP – a new role for supply chain planners

Supply Chain Trend

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.

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The Reactive vs Proactive Supply Chain! Which Will Prevail?

Supply Chain Game Changer

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.

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Amazon May Be Proof That Delivery Drones Aren’t Practical

Supply Chain Brain

Delivery drones bearing your dinner or prescription have yet to take to the skies over any major city or even suburb. Why is that?

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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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Source-to-Contract (S2C) Datasheet

ivalua

The post Source-to-Contract (S2C) Datasheet appeared first on Ivalua.

Contract 130
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The role of warehouse technology and automation in supply chain management

EazyStock

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.

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Types of PC Programming Errors and How to Fix Them!

Supply Chain Game Changer

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.

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Watch: Digital Data Drives Supply Chain Design

Supply Chain Brain

Digitizing data is of immense help in mitigating supply chain risks, says Bernard Tremblay, chief executive officer of the U.S. and Canada for Miebach Consulting.

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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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TransferMate

ivalua

The post TransferMate appeared first on Ivalua.

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Category Management: Essential or Outdated?

Positive Purchasing

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.

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An Overview of Magento PWA (Progressive Web App)!

Supply Chain Game Changer

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.

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Vast Swath of U.S. at Risk of Summer Blackouts, Regulator Warns

Supply Chain Brain

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.

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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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The Month-End Close Process: Everything You Need to Know

Procurify

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.

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Making the Case for the Suites – Jim Bureau of Jaggaer

The Procuretech Podcast

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.

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Delivering Land Cargo On-Time Despite Labour Shortages!

Supply Chain Game Changer

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.

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Manual Pricing Is Killing Company Profits Amid Inflation

Supply Chain Brain

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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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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EcoVadis @IvaluaNow: Enterprises Catching ESG Tailwinds

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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Inflation weighing on business owners' sentiment

Strategic Sourceror

With Inflation raging, many products and services cost double what they did at this time last year. These ever rising costs have business owners feeling doubtful conditions will improve with any real significance in the months ahead, according to a new poll from the National Federation of Independent Business. For the second month in a row, the NFIB's Small Business Optimism Index held at a reading of approximately 93, marking the fourth consecutive instance that it's been well below the histori

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Top 10 Logistics Companies in India!

Supply Chain Game Changer

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.

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Hospitals Ration CT Scans, Awaiting Dye From Shanghai GE Plant

Supply Chain Brain

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.

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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