Sat.Dec 31, 2022 - Fri.Jan 06, 2023

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4 Predictions on Procurement’s Top Trends in 2023

Arkestro

A new year offers an opportunity to reflect on the past, learn from it, and prepare for the future. Of course, old problems don’t suddenly disappear because one year ends and a new one begins. But hopefully, we can incorporate what we’ve learned into our day-to-day, creating a better—more resilient—path going forward. In 2022, procurement faced challenges on multiple fronts.

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Supplier Integration — The Ultimate Guide of 2023

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Supplier Integration — The Ultimate Guide of 2023. Supplier integration enables a robust supply chain process. However, not many people know how to collaborate with their suppliers. . For this article, we will discuss what supplier integration is.

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professionals

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The best request for proposal (RFP) questions to ask vendors

RPF360

Whether it's your first RFP or your 101st, sometimes we end up staring blankly at our team, wondering if we've covered all our bases. Learn how to identify and manage sources of vendor risk throughout the RFP and contract review process. The post The best request for proposal (RFP) questions to ask vendors appeared first on RFP360.

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The Big Interview with Rebecca Howard

Procurement Heads

For Procurement Heads ‘ latest Big Interview, Rebecca spoke to Will Cooke about her career, SRM and sustainable procurement. How did you get into procurement? I got into procurement through a graduate procurement programme at British Airways in 1997. Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches.

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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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Supply Chain Weekly Wrap-Up 12/30/2022-01/05/2023

All Things Supply Chain

Apple supplier Luxshare reportedly win contract to produce iPhones The share price of Luxshare Precision, a Chinese manufacturing company for Apple, has rose more than 3%, after reports of a…

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Mediation vs Negotiation — 5 Key Differences

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Mediation vs Negotiation — 5 Key Differences. Mediation and negotiation are both used as alternative dispute resolution techniques based on give and take to resolve disputes. However, how would you know if you are using negotiation or mediation?

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The Biggest Problems with Supplier Diversity Programs and How to Fix Them

Supply Chain Brain

Chief procurement officers have allocated time, resources and money to supplier diversity initiatives but they’re still insipid. Here’s a better way to grow your diverse supplier pool — and your ROI. .

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Walmart made over 6,000 drone deliveries in 2022

Supply Chain Dive

While the retailer seeks to eventually deliver 1 million packages by drone annually, an executive said it's encouraged by the initial response.

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Best Legal Procurement Practices for Successful Workflow

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Best Legal Procurement Practices for Successful Workflow. Starting work with a new vendor or renewing a contract with an existing one requires a lot of work for your firm’s legal department. You need to draft the contract, negotiate the terms and conditions, ensure you and the vendor have done your due diligence, and much more. .

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How worried should procurement be about the relaxation of China’s ‘zero-Covid’ policy?

Procurement Leaders

On the face of it, Chinese President Xi Jinping’s recent decision to abandon much of the country’s strict ‘zero-Covid’ protocols in December 2022 has the potential to be a boon for global businesses. After three years of severe restrictions, the opening up of the world’s second-largest market provides huge trading opportunities that could have knock-on benefits for the global economy.

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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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California Braces for Its Next Deluge as Pacific Storms Line Up

Supply Chain Brain

A powerful stream of densely moist air flowing off the Pacific Ocean is forecast to bring 3 to 6 inches of rain to a wide area from Eureka to San Francisco January 4 into January 5.

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Automakers face Senate probe over forced labor in supply chains

Supply Chain Dive

The chamber’s finance committee is questioning major manufacturers following reports of materials linked to the Xinjiang region of China.

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PunchOut Catalog — The Ultimate Guide of 2023

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. PunchOut Catalog — The Ultimate Guide of 2023. A PunchOut catalog is a dream come true for many procurement professionals that use an e-procurement system. . It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system.

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Episode 96: The Importance of Standardizing Carbon Reporting with Saleh ElHattab

Una

EPISODE 96. The Importance of Standardizing Carbon Reporting with Saleh ElHattab. By Kelly Barner | January 4, 2023. Most corporate sustainability programs are rooted in passion and a desire to continue doing well while preserving and investing in the environment. That passion is important, but it needs to be supported by quantitative standards. Not only does this make progress possible, but it also holds everyone accountable for the commitments they have made.

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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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Smarter Data Management Can Relieve Tech Supply Chain Woes

Supply Chain Brain

Data storage managers should aim to extend the life of their data center hardware, move data to the cloud whenever possible, and delete data that is simply wasting space and money.

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Utilities sound alarm over transformer shortage

Supply Chain Dive

Shortages of materials, labor and production capacity are beginning to hold back electrification projects and threaten grid reliability, the electric sector warned.

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Adding New Dimensions to the Kraljic Matrix

The Good Spending

The Kraljic matrix is still an excellent procurement tool, yet somewhat simplistic. Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. This article proposed an elegant scenario, which I applied to add at least three more dimensions to the Kraljic matrix.

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It’s time to move beyond just-in-time and just-in-case

SCMR (Supply Chain Management Review)

Ultimately, the goal for managers is still to create the most efficient supply chain possible for their inventory management. Rather than committing to just-in-time or just-in-case, an unpredictable world demands that managers mitigate risks by always being agile.

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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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How CPOs Can Chart a Path for Success in 2023

Supply Chain Brain

In procurement, small adjustments can bring visibility and order to repeatable tasks, saving time and money in the long run. But one single source of truth is essential to get started.

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Winter weather stymied on-time deliveries in days before Christmas

Supply Chain Dive

Project44 data shows how challenging conditions on Dec. 23 and Dec. 24 soured what was overall a smooth peak season for last mile delivery performance.

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The Basics of Group Purchasing

Una

The Basics of Group Purchasing. Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. By Mackenzie Oakley | January 5, 2023. Search. While cost savings is likely at the forefront of any procurement initiative, the profession continues to evolve with more focus than ever being placed on risk reduction, sustainability, strengthening supplier relationships, compliance and business continuity.

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Infographic: Meet customer expectations trough last-mile logistics

SCMR (Supply Chain Management Review)

The infographic below presents key ways that customer behavior has changed, how that behavior has made an impact on last-mile deliveries, and ways that organizations can make last-mile deliveries more reliable and cost-effective.

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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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Welcome to the New Normal

Supply Chain Brain

The pandemic brought supply chain management into the global consciousness in a way it’s never been before. Welcome to 2023.

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UPS to extend demand surcharges beyond peak season

Supply Chain Dive

The updated fees, which will be lower than those implemented during the holidays, will take effect Jan. 15.

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3 Key Messages for Procurement Leaders in 2023

Art of Procurement

Over the course of the year, the Art of Procurement team is privileged to speak to a LOT of people. The post 3 Key Messages for Procurement Leaders in 2023 appeared first on Art of Procurement.

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Innovation on my mind; innovation in my business

SCMR (Supply Chain Management Review)

Adding innovation planning and goal setting into operations performance metrics and evaluating technology hype cycles, best practices and ROI, both financial and competitive, are critical to business strategy.

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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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Empower Your Workforce to Succeed with Satellite IoT

Supply Chain Brain

When workers are armed with cutting-edge technology that enables them to do their jobs efficiently, burnout is reduced, and retention rates improve.

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Attracting Gen Z to manufacturing could require an operations overhaul

Supply Chain Dive

With an aging workforce and hundreds of thousands of jobs to fill, experts say the industry will need to offer flexibility and clear career paths.

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New Year Insights for the procurement solutions and services marketplace 2023: Certa

Spend Matters

Categories: Best Practice , Commentary , Procurement Strategy & Planning Tags: EU , Insights Series For several years now, Spend Matters has been collecting and publishing a series of articles about predictions and insights on procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year is no different and we’ve framed the subject around “insights,” highlighting providers' observations from the year they’ve left behind and how th

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Putting the retail supply chain in reverse

SCMR (Supply Chain Management Review)

Retailers that don’t consider product returns their biggest source of supply may want to rethink their reverse logistics approaches for 2023.

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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