Sat.Sep 10, 2022 - Fri.Sep 16, 2022

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World Sustainable Procurement Day — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. World Sustainable Procurement Day — The Ultimate Guide. World Sustainable Procurement Pay is an important event that is attended by many procurement professionals all over the world. However, why is it significant for people who are in the procurement industry?

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How to forecast market trends using procurement data

RPF360

This guest post, exploring how to leverage procurement data, was written and contributed by technology expert Jenn Fulmer of TechnologyAdvice. Over the last few years, supply chains experienced major disruption due to global challenges and fundamental market shifts. While no one could have predicted the specific circumstances and outcomes, we find ourselves now [.].

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Trending Sources

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The Best Strategies for Ensuring On-Time Deliveries

All Things Supply Chain

Today’s consumer industry prioritizes efficiency more than anything else.

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Understanding The 7-Step Strategic Sourcing Process Flow

ProcurePort

• How can you take advantage of the Strategic Sourcing Process flow to get your organization back on track? • Marketwatch.com informs us that while the United States economy isn’t in a recession, it’s still depressing. However, it’s not all doom and gloom as the economy is on a slow climb out of the chaos […]. The post Understanding The 7-Step Strategic Sourcing Process Flow appeared first on ProcurePort Blog.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

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.

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Sustainable Supply Chain — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. Sustainable Supply Chain — The Ultimate Guide. The sustainable supply chain is adopted by many companies due to the increasing pressure to demonstrate greater environmental and social responsibility. However, how can companies demonstrate tier responsibility through the supply chain?

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CPO Spotlight: Rachel Scarrett

Procurement Heads

We spend about a billion pounds each year through our supply chain of approximately 500 suppliers. I have a team of 30 people with end-to-end category management responsibility. Procurement and supplier management are carried out by separate teams under my leadership. I also have accountability for the supply chain third-party management risk and environmental, social and governance (ESG) strategy.

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You Didn’t Know These 7 Steps of an Effective Purchasing System

ProcurePort

• Purchasing is the lifeblood of any functional business organization. Organizations must procure from internal and external suppliers to operate fluidly and optimize performance. • Organizations are also looking at how they can leverage globalization by deploying software, systems, and technologies that help them collaborate with strategic vendors. • Working with local suppliers at grass […].

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Sustainable Logistics — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. Sustainable Logistics — The Ultimate Guide. Sustainable logistics is aimed by many organizations as it can achieve their corporate social responsibility and enhance their overall process. However, how can logistics achieve sustainability?

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Railroads cut service in preparation for potential strike

Supply Chain Dive

Shippers are calling on Congress to intervene if railroads cannot reach an agreement with two of the largest unions by the end of the week.

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Episode 82: Winning at the Game of Risk with Rohit Hajela

Una

Episode 82: Winning at the Game of Risk with Rohit Hajela. By Kelly Barner | September 14, 2022. The speed of change is so fast these days that we are living in the future already. As a result, risks from cybersecurity and ransomware are increasing – as are the costs and business implications associated with them. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Rohit Hajela.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

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.

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Why You Need to Automate Your Procure-to-Pay Process

ProcurePort

• Businesses today understand the need to be competitive not only in the prices they offer customers but also in the way they carry out their operations. The procure-to-pay process represents one of the ways for businesses to streamline internal operations. • Prime steps for automating procure to pay process including purchase requisition, purchase orders, […].

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Sustainable Procurement Policy — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. Sustainable Procurement Policy — The Ultimate Guide. A sustainable procurement policy is in place to help businesses. However, what kind of help does it do for businesses? In this article, we will talk about what sustainable procurement policies are.

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Building Digital Resilience With Supply Chain 5.0

Supply Chain Brain

Some visionaries are predicting a Fifth Industrial Revolution: a reconciliation between humans and machines. This is what Supply Chain 5.0 speculates.

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10 Lessons From Good Bosses!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Lessons from Bad Bosses! We believe that you can learn something from everyone. That doesn’t mean everything you learn is positive, as we’ve discussed in our article on Lessons from Bad Bosses. But here we did want to accentuate the positive and discuss lessons learned from Good Bosses!

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Freight Procurement Simplified: Bids from Hours to Minutes

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

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Port of LA urges shippers to return as operations return to normal

Strategic Sourceror

Of the United States' over 900 shipping ports, the Port of Los Angeles is the country's largest. In addition to being the entire continent's busiest, the LA authority has maintained this distinction for more than 20 years in a row, moving more shipping containers annually than any other at 9.2 million. But for the better part of two years now, the Port of Los Angeles has been the most problematic port, beset by supply chain pinch points and bottlenecks that have beleaguered the busin

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Sustainable Purchasing — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. However, this kind of purchasing is important, especially in the supply chain. . In this article, we will talk about what sustainable purchasing is.

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U.S. Railroad Workers Prepare for Strike as Rail Companies See Record Profits

Supply Chain Brain

A strike — the first since 1992 —. could cost the U.S. economy $2bn a day, according to a recently issued Association of American Railroads report, and workers say they will quit an industry already facing staff shortages.

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Systems Using Digital Currency Let You Make More Money!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 4 Methods to Use Cryptocurrency to Make Money! Electronic advancements give individuals a wide range of ways to make money , including systems using digital currency. One of the ways to earn money is to engage in bitcoin trading by choosing a reliable trading platform and sign in.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

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.

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Air cargo volumes continue dip, but ‘seller’s market’ may soon return: Clive

Supply Chain Dive

August's volume drop was softer than the declines seen in June and July, which could be an early sign of demand and rates picking up as peak season nears.

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Redefining the Value Proposition of Procurement

Una

Redefining the Value Proposition of Procurement. By Hugo Britt | September 15, 2022. For Director of Global Sourcing for Medline Industries Brian Chaplin, being a sourcing hero means listening, learning, and taking action. “ It’s about being an active listener, being able to learn… and then driving change. That’s key for me. The people that I think are heroes are able to put aside what they think and truly listen to buyers, purchasing managers , and senior managers, and really learn from t

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Controlling Unconscious Bias Toward Suppliers

Supply Chain Brain

Rather than continually reassessing and optimizing supplier arrangements in an effort to ensure ongoing best value, many companies slip into a pattern of relying habitually on the same limited group of supply chain partners. .

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The Benefits of Blockchain to the Economy!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Next Great Leap in Supply Chain Transparency: Blockchain! Virtual currencies impact the economic system that extends well beyond the chances for the financial gain they provide. They are blockchain-based, which has proven to upend practically every sector of commerce that man has encountered, due to the benefits of blockchain.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Amazon buys mechatronics firm to fold into robotics division

Supply Chain Dive

With Cloostermans, the retail giant intends to “more rapidly deploy solutions” that support employees, improve safety and cut packaging waste.

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Six Ways to Improve Your Category Strategy Development

Una

Six Ways to Improve Your Category Strategy Development. By Hugo Britt | September 13, 2022. When is the last time you referred to your category strategy? Without ongoing, data-driven category strategy development, procurement professionals will struggle to drive continuous improvement and stay aligned with the business. 6 ways to improve your category strategy.

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Managed Logistics Meets Five Challenges for Complex Supply Chain Operations

Supply Chain Brain

Whatever the business — from fast-moving consumer goods to pharmaceuticals or automotive — the success of any enterprise is the result of its vertical market expertise.

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The 13 Most Preferred Cryptocurrencies!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Different Types of Cryptocurrencies! Are you looking for the best cryptocurrency ? This trend drives cryptocurrency by providing an alternative to the failed trust-based relationships many companies are forced to rely upon. Let’s review the top 13 most preferred cryptocurrencies.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

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.

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New and Noteworthy Categories on Thomasnet.com for September 2022

The Thomas Blog

Since industry is constantly growing and evolving, Thomasnet.com ® is too. Our platform has over 75,000 categories of products and services, from alloy to zinc, for professionals like you to source from. And thanks to our industry specialists, we are constantly researching and adding to our platform with new supplier categories to help you keep up with current market trends. 1.

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Amazon cancels, delays dozens of warehouses as it looks to rightsize capacity

Supply Chain Dive

The e-commerce giant is slowing its network expansion after excess capacity and less productive facilities saw billions of dollars in added costs.

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Port of Felixstowe Dock Workers Plan New Strike in Threat to U.K. Trade

Supply Chain Brain

Dock workers at Felixstowe, Britain’s largest container port, rejected a pay deal imposed by management, paving the way for a new round of industrial action and disruption to vital trade flows.

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Will Bitcoin Replace Fiat Money?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Is Bitcoin Gold or Fiat Currency? The common advantages people take from cryptocurrency as opposed to fiat money are the return on investment and great storage. The advantage for the government to appreciate the growth in Bitcoin is the tax policy through which they can make maximum revenue.

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The Evolution of Control Towers to Command Centers

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.