All Things Supply Chain
JULY 29, 2022
Grain exports from Ukraine may resume ‘within days’ Ukraine has announced that the first set of vessels loaded with grain could be leaving the Black Sea ports in a matter…
RPF360
JULY 28, 2022
Lean procurement means exploring processes to eliminate waste, improve efficiency and accelerate results. Explore how to get started in this blog that includes key definitions, background and an example of how to put lean procurement into action with RFP automation. The post Exploring lean procurement: Meaning, process and example appeared first on RFP360.
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ProcurePort
JULY 28, 2022
• Accounts payable reflect the amounts owed by a company to its creditors or lenders, usually suppliers or vendors of specific products or services. •Accounts payable AP refers to a company’s obligation to its suppliers – its formal documentation warranting payment from the buyer, mostly business in a contractual agreement with a supplier or vendor. […].
Procurement Heads
JULY 27, 2022
How did you get into procurement? I have spent 23 long years in procurement. I graduated back in 1999, joined the Peugeot graduate scheme in Coventry and spent the first few months in the procurement space. I found it a fascinating function to be in and have been there ever since. . I spent several years working in France when I was at Peugeot really learning the pure basics of procurement in the automotive industry buying directs, before moving on back to the UK in FMCG, to Danone, followed by
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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.
All Things Supply Chain
JULY 27, 2022
Warehouses are a critical element in modern logistics and supply chain management. Without sufficient facilities across the country, it would be a significant challenge for companies to store their goods.
ivalua
JULY 26, 2022
Environmental, social and governance (ESG) initiatives are rapidly becoming boardroom priorities and companies are increasingly investing in these initiatives to achieve a competitive advantage in the marketplace. Likewise, customers and employees are increasingly demanding that companies are environmentally conscious. More and more companies are adopting a low-carbon footprint and sustainable approach to procurement, and for good reason.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
SCMDOJO
JULY 28, 2022
The purchasing department purchases different types of goods and services. However, when you buy something, you may not always know all the suppliers that offer a particular product. Then the Supplier registration form comes in handy. You probably only know a handful of providers. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices.
All Things Supply Chain
JULY 25, 2022
Ever wondered how you could cut down on transportation costs and at the same time improve customer service? Milk run logistics might be your answer.
The Thomas Blog
JULY 26, 2022
Raw material availability is a cornerstone of the U.S. industrial sector, and clearly vital to its growth, and s teel continues to be a top product sourced by buyers. But even with the high demand and longevity in the industry, there are still challenges with running a business — whether it's maintaining relationships, building new ones, or generally trying to build a company that's going to last.
ProcurePort
JULY 26, 2022
• Project management refers to the process of applying managerial practices, skills, and knowledge to manage a project from beginning to end. Project managers work with a team of players or personnel to meet project goals. • Project managers further establish project deliverables: deliverables refer to ‘what needs to be accomplished at every stage of […].
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.
SCMDOJO
JULY 29, 2022
Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Like safety stock calculations , EOQ is one of the most important equations in supply chain planning.
ivalua
JULY 27, 2022
The post Ivalua’s Procurement & Supply Chain Summer Reading List appeared first on Ivalua.
Supply Chain Brain
JULY 27, 2022
The tightening of industrial real estate supply, coupled with overflowing inventory and rising rents, has made traditional warehousing an impractical solution for businesses attempting to navigate this new market. .
Strategic Sourceror
JULY 24, 2022
With GPS now a ubiquitous part of the digital society, the act of navigation or tracking has never been easier. Location-based apps know where you are and (inevitably) what you are doing, but a widely-available vehicle tracker that retails for $20 could cause significant disruption to the supply chain. A recent report by cybersecurity firm BitSight found at least six severe vulnerabilities in the MiCODUS MV720 tracker, with the analyst identifying a number of organizations that utilize the devic
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
Let's Talk Supply Chain
JULY 27, 2022
With a decade hallmarked so far by constant disruption, consumers are more aware of supply chain and how industry shortages , the gender gap in supply chain, and climate events impact their daily lives and local communities. The headlines are keeping a steady stream of supply chain dialogues popping into Twitter and news feeds—there’s even a recent indie-rock album by Jack White named Supply Chain Issues.
Una
JULY 28, 2022
Partnering with Procurement to Make Good Things Happen. By Hugo Britt | July 28, 2022. The saltwater crocodile is one of the most territorial creatures in the world. The sight of a rival encroaching on its stretch of river will cause a crocodile to leap from lethargy to violence in a split second, and it will not stop until the threat has been driven away or destroyed.
Supply Chain Brain
JULY 26, 2022
Although momentum is building to automate and digitize freight processes, the logistics industry’s transition to digital tools and automation has lagged behind other sectors.
Strategic Sourceror
JULY 28, 2022
Increased levels of inflation might be a global concern, but a slowdown in consumer spending is forcing retailers to make significant price reductions on existing inventory. And while this is good news for the average consumer, there is little doubt that unplanned price reductions will adversely impact the bottom line. CNN reported that Walmart told investors in its latest earnings call that there was a need to apply significant cost reductions to general merchandise such as clothing and big-tic
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.
Skill Dynamics
JULY 29, 2022
The summer of 2022 will be remembered for many things, from soaring temperatures to an unforgettable Women’s Euro championship. However, for supply chain professionals, it will also be remembered as a summer of environmental, social and governance (ESG) legislation. Legislation coming into play. Last year, Germany passed its Act on Corporate Due Diligence Obligations in Supply Chains.
Una
JULY 26, 2022
Creating Value from IT Spend - and Protecting Its Worth. By Hugo Britt | July 26, 2022. As a rule, the business case for investing in IT is well-understood. Technology is essential for spurring growth, creating efficiencies, harnessing innovation, and staying competitive in the digital era. But without a watchful eye on IT spend, ROI can be rapidly eroded by avoidable costs caused by issues such as shadow IT or auto-renewing contracts.
Supply Chain Brain
JULY 28, 2022
After years of decline, the American labor movement is experiencing a resurgence — with an increase in popularity of unions and of workers organizing.
Strategic Sourceror
JULY 29, 2022
We're all aware of the situation in ports around the world – major backups, sometimes up to hundreds of ships long, and the kind of general congestion that would make a person with a bad head cold seem fine in comparison. That situation might just get worse before it gets better. On the West Coast of the United States, there is a potential strike brewing which could severely damage logistics, especially for goods coming in from Asia.
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Let's Talk Supply Chain
JULY 24, 2022
Today I’m joined by Unilog, the customer-focused experts in the design and management of global supply chains. Unilog specializes in global fulfilment and mission-critical logistics services. Their flexible, customized supply chain solutions, based on best practices and expertise, work seamlessly with internal client operations to ensure time-definite delivery wherever and whenever necessary.
Una
JULY 27, 2022
Episode 75: Turmoil Around the Globe - Sri Lanka and the Netherlands with Kris Lance. By Kelly Barner | July 27, 2022. A picture is worth a thousand words, as the saying goes, and the images coming out of Sri Lanka and the Netherlands may be worth more than that. From economic instability leading to the overturn of a government, to individual families and farm operations fighting to preserve their livelihood, these two stories offer all of us lessons about human motivation and the challenges pre
Supply Chain Brain
JULY 25, 2022
The water levels in a crucial waterway in Europe’s economic heartland are running dangerously low in the region's searing heat, posing another risk to global supply chains.
Strategic Sourceror
JULY 23, 2022
The current high cost of filling a car with fuel has generated headlines all over the world, and the knock-on effect to the commercial shipping and logistics industry has arguably highlighted the need for cheaper and more environmentally friendly vehicles. As more people shop digitally as opposed to at a brick-and-mortar location, last-mile delivery providers are increasing investment in electric alternatives across the supply chain.
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.
Spend Matters
JULY 28, 2022
Categories: Sponsored Article , Supplier Collaboration , Supplier Management , supplier networks Tags: Sponsored Article Whether from customers, investors, governments or regulatory bodies, enterprise organizations are facing pressure from all angles to meet ambitious sustainability pledges. With looming deadlines, no clear path to improvement and the need to balance sustainability against other key business goals, the race is on to satisfy these stakeholders and make concrete progress.
Sourcing Solved
JULY 27, 2022
Procurement in 5-Minutes. We live and work in a busy world in which there is little time to read, watch or listen beyond the headlines. Hello, my name is Iain Campbell-McKenna, and this is “Procurement in 5-minutes.” That’s right, in 5-minutes I promise to tackle some of the biggest challenges and deepest questions our profession and industry face on a day-to-day basis.
Supply Chain Brain
JULY 28, 2022
Cybersecurity risks are rising fast, and it’s not enough for you to secure your data and IT systems within the four walls of your enterprise; you need to make sure your suppliers are not exposing you to attacks as well.
Procurement Insights
JULY 27, 2022
As a ubiquitously popular item, how would you, as a procurement professional, deal with the current mustard shortage, and how would you prevent it from happening in the future? WHERE’S THE MUSTARD?!? In other words, we have experienced pandemics, geopolitical instability, and dramatically changing and, at times, destructive weather events. We all know that you can’t control the weather, let alone the emergence of a shape-shifting pandemic or a war with global implications.
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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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