Sat.Sep 19, 2020 - Fri.Sep 25, 2020

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The Future Trends In The Supply Chain Industry

All Things Supply Chain

The year 2020 marked not just the start of a new year, but also a new decade.

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MRO Spend Metrics Procurement Needs to Focus On

ProcurePort

No matter the business, and no matter the industry, money is what keeps the gears grinding and the wheels turning. As such, companies that have a stronger sense of control over their cashflow have a leg up on their competitors. This includes being able to dictate funds where they’re needed most, and address the companies […]. The post MRO Spend Metrics Procurement Needs to Focus On appeared first on ProcurePort Blog.

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86% of UK businesses face barriers developing digital skills in procurement

ivalua

A shortage of digitally savvy talent, and a lack of training for technical and soft skills, hinder digital procurement initiatives. 24th September 2020, London – Research from Ivalua, a leading provider of global spend management cloud solutions, has shown that a majority of UK businesses (86%) face significant barriers developing digital skills in procurement.

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Three Ways to Manage Costs With a ‘Zero-Based’ Supply Chain

Supply Chain Brain

Companies can identify untapped value by applying zero-basing to every part of the supply chain.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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The Future Trends In The Supply Chain Industry

All Things Supply Chain

The year 2020 marked not just the start of a new year, but also a new decade.

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What Kind of Vendor Risk Management System Do You Have in Place?

ProcurePort

Data and personal information are two of the most valuable commodities in the marketplace today. Demonstrated by the massive international scandals related to global politics over the past 5 years, it’s evident that an individual’s data and information is almost as good as gold. Procurement departments deal with some of the most sensitive information that […].

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FedEx Seeks to Add Small Self-Flying Planes for Remote Areas

Supply Chain Brain

FedEx Corp. is looking at using small self-flying cargo planes to serve remote areas after experimenting with a technology startup on autonomous aircraft.

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Supply Chain Weekly Wrap-Up 09/18/2020 – 09/24/2020

All Things Supply Chain

Amazon to put 1,000 warehouses in suburban neighborhoods Amazon are planning to open 1,000 small delivery hubs in cities and suburbs all over the United States.

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7 Benefits of an Inventory Management System

ProcurePort

Are you one of the small and medium businesses (SMBs) that does not have an inventory system in place? It is shocking to imagine that there are companies operating without an inventory management system in this day and age. But even more perplexing are the staggering numbers – as many as 46% of small and […]. The post 7 Benefits of an Inventory Management System appeared first on ProcurePort Blog.

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A Checklist for Developing a Future-Proof AP Organization by The Hackett Group

ivalua

The post A Checklist for Developing a Future-Proof AP Organization by The Hackett Group appeared first on Ivalua.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Amazon Plans to Put 1,000 Warehouses in Suburban Neighborhoods

Supply Chain Brain

With the holidays approaching, Amazon is consumed with honoring a pre-pandemic pledge to get products to Prime subscribers on the same day.

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Supply Chain – Ask an Expert with Ratri Loudes

All Things Supply Chain

So far, as part of our Ask an Expert series, I have had the opportunity to interview two supply chain experts in the form of Farzana Shubarna and Sheri Hinish.

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Freight Mode Optimization

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What’s the Difference Between Freight Management and Logistics Management? Freight mode optimization article and permission to publish here provided by Adam Robinson at FreightWaves.com. The ability to unlock freight optimization and gain meaningful insights to monitor, measure and improve supply chain management is more critical than ever.

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INVOICE-TO-PAY Unlocking the Secrets of the Accounts Payable Top Performers

ivalua

The post INVOICE-TO-PAY Unlocking the Secrets of the Accounts Payable Top Performers appeared first on Ivalua.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

Supply Chain Brain

The fuel that powers passenger planes is normally among the most expensive oil products, but in a sign of the times the coronavirus has turned it into a blending component for typically cheaper shipping fuel.

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Automation Hero September 2020: Simon Welander

EazyStock

Simon Welander, Team Leader of Operations Planning at Blinkfyrar , has streamlined the ordering process at the company through EazyStock. With the help of inventory optimization, he has freed up time to continue developing other important processes at the company. That’s why he’s EazyStock’s Automation Hero in September! Name: Simon Welander.

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Unchaining Change Leadership! (Ebook)

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. If there is one constant it is change. . History has proven that change is inevitable and unstoppable. In every aspect of our environment, our personal lives, and our professional lives we can count on the fact that things will change. Despite this eventuality there are those who not only resist change but who go out of their way to block, stop and even reverse change.

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3 Reasons Why Procurement Leaders Must Act Now to Tackle the Digital Skills Shortage

ivalua

1. Role of Procurement is not what it used to be. The role of procurement has transformed over the last decade, from cost-cutter to a vital ally that can inform and enable business strategy. COVID-19 has only served to cement the procurement department’s status as a key stakeholder. Procurement leaders now have a seat at the top table when it comes to making decisions on supply chain opportunities and risk.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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How Carriers and Shippers Will Navigate an Unpredictable Peak Season

Supply Chain Brain

Every year around this time, carriers, distributors and logistics providers gear up for the coming peak holiday shopping season, on which shippers depend for a large portion of their annual revenue. This year, however, is different, thanks to the coronavirus pandemic and resulting economic freefall.

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What is Spend Analysis?

Jaggaer

Spend analysis is the process of identifying, gathering, cleansing, grouping, categorizing and analyzing your organizations spend data. This is done with the goal of decreasing procurement costs and improving efficiencies. Using real-time data and analytics will give you the insight you need you to save money and gain efficiency. Spend analysis is a branch of the much larger field of spend management.

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What is the Value of Customer Loyalty?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Customer loyalty article and permission to publish here provided by Bryce Boothby. My entire career, I’ve believed that it is easier to get more business from existing customers than to develop new ones. That’s not to say you don’t want new customers, but given the effort and expense involved, trusted relationships tend to win out over unknowns.

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Art of Procurement | 2021: Post-Crisis Procurement

ivalua

The post Art of Procurement | 2021: Post-Crisis Procurement appeared first on Ivalua.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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Boosting Manufacturing Efficiency During COVID-19

Supply Chain Brain

Manufacturers seeking to adapt to the current moment have a wide range of options.

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Calculating Forecast Accuracy & Forecast Error

EazyStock

The Importance of Demand Forecasting Accuracy. In supply chain management it’s important to be able to measure the accuracy of your demand forecasts. Inaccurate demand forecasting can lead to the accumulation of excess stock or the reverse: issues with product availability. Both are unwelcome problems for inventory planners! Ensuring demand forecasting accuracy should be a key responsibility for any conscientious inventory planner.

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What is Spend Analysis?

Jaggaer

The post What is Spend Analysis? appeared first on Jaggaer.

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Why Procurement leaders must act now to tackle the digital skills shortage

ivalua

The role of procurement has transformed over the last decade, from cost-cutter to a vital ally that can inform and enable business strategy. COVID-19 has only served to cement the procurement department’s status as a key stakeholder. Procurement leaders now have a seat at the top table when it comes to making decisions on supply chain opportunities and risk.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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U.K. Warns of 7,000-Truck Line in Worst-Case Brexit Scenario

Supply Chain Brain

Preparing for customs checks on trade with the EU is one of the biggest logistical challenges facing Boris Johnson’s government.

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‘Boxing Clever’: Realizing the Benefits of Intelligent Cartonization

Supply Chain Brain

Cartonization is getting more attention from businesses as rising volume demand and shipping restrictions drive up costs, and as warehouses surge-hire less-experienced packers to keep up.

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Amazon Is Trying to Make the Climate Its Prime Directive

Supply Chain Brain

Amazon last year committed to zeroing out its carbon footprint by 2040, or eliminating the greenhouse gas emissions caused by its activities. The goal is daunting, and there’s no specific plan for how to reach it.

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Musk Sets Lofty Goal for $25,000 Model With Tesla-Made Batteries

Supply Chain Brain

Tesla Inc. laid out a road map to build a $25,000 car by 2023 and eventually 20 million cars a year, part of the company’s first-ever and highly anticipated “Battery Day” event.

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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.