ProcurePort

JUNE 17, 2023

As businesses strive to create leaner, more efficient operations, procurement software has emerged as a critical tool in this endeavor. This technology streamlines supply chain management, makes purchasing more transparent, and promotes more strategic decision-making. However, before jumping headfirst into implementing a digital procurement software, it is crucial to follow a sequence of key steps […] The post 10 Key Steps to Take Before Implementing Procurement Software appeared first on

supply chain software solutions 130

supply chain software solutions Supply Chain Efficiency Procurement Supply chain management 130

Procurement Templates

JUNE 18, 2023

I asked Chat GPT about Procurement Leadership and I have to say the response is good! Who are the procurement leaders? ChatGPT As an AI language model with a knowledge cutoff in September 2021, I can provide you with information about prominent procurement leaders up until that time. However, I may not have up-to-date information on the most recent developments.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

ABC of Procurement

JUNE 17, 2023

Correct, procurement does not create contracts. The legal department does it. But if something goes wrong, we will have to deal with the consequences. The post Checklist for a good Procurement contract first appeared on ABC of Procurement.

Procurement contracts 182

Procurement contracts Contract Procurement 182

Procurement Tactics

JUNE 19, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Your Ultimate Guide To Launching A Digitized Procurement Startup One of the biggest advantages of digitization in the procurement industry is that it allows you to use data analysis to make informed decisions. Management consulting firm Oliver Whyman reports that incumbent companies are currently being overshadowed by a total of 356 procurement startups that offer

Procurement 201

Procurement Collaboration supply chain software solutions Procurement strategies 201

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Supply Chain Optimization

Procurement Leaders

JUNE 20, 2023

Every year, Procurement Leaders’ research team explores category planning for the next 12 months. In previous years, we have looked at competitive pressures, market dynamics and savings forecasts. This time, we are looking at maturity. There is a vigorous debate in the world of procurement about the speed at which we transform categories. Some pioneering CPOs launch ‘big bangs’ in which categories are rolled out across the business in one rapid blast.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

All Things Supply Chain

JUNE 23, 2023

Elon Musk says Tesla to come to India Tesla CEO Elon Musk has expressed his intention to bring Tesla to India “as soon as humanly possible” following a meeting with…

Supply chain 246

Supply chain Supply Logistics 246

Procurement Tactics

JUNE 23, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 12 Best Construction Equipment Suppliers 2023 — Reviews & Pricing A good house and building come from reliable construction equipment and materials. If you are searching for the right tools and equipment for your construction plan, you are on the right page.

Price 211

Price Suppliers Negotiation Purchasing 211

ProcurePort

JUNE 19, 2023

In the rapidly evolving business landscape, companies worldwide are embracing digital transformation to streamline operations, enhance productivity, and secure competitive advantages. A critical part of this digital journey involves redefining the procurement function, and procurement software is leading this revolution. Contrary to traditional belief, procurement is not only a cost-saving tool.

Procurement 130

Procurement 130

Procurement Templates

JUNE 18, 2023

What is inflation? ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. In other words, inflation means that, on average, you would need more money to buy the same amount of goods or services compared to the past. Inflation occurs when there is an imbalance between the supply and demand of money and goods.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

SCMR (Supply Chain Management Review)

JUNE 20, 2023

While last year’s State of Logistics report highlighted the need to get back in sync, the 2023 version finds logistics operations building long-term resilience in an effort to best serve customers through a variety of distribution channels.

Distribution channels 117

Distribution channels Logistics 117

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.

Supply chain

Procurement Tactics

JUNE 22, 2023

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes Access To All Unlimited access to all courses & templates Platform For Teams Procurement Tactics For Teams Where procurement teams build better skills, fas

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Supply Chain Dive

JUNE 20, 2023

The facility is the company’s largest to date and will move the retailer closer to its goal of offering two-day delivery to 95% of the U.S. population.

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SCMDOJO

JUNE 22, 2023

The realm of business today is incredibly competitive, with marketing standing as a critical determinant of a company’s triumph, particularly in the sector of supply chain. The good news is, I’ve got a cheat sheet of marketing tips designed to elevate your marketing strategy and give your supply chain company the boost it needs. Embrace Digital Marketing In this age where digital is king, merely existing online isn’t enough, it’s about leveraging this online platform opti

Supply Chain Optimization 110

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 110

Let's Talk Supply Chain

JUNE 22, 2023

One of the major drivers of Women in Supply Chain is Let’s Talk Supply Chain’s commitment to supporting bridging the gender gap in the industry. And it isn’t just the right thing to do, it’s a smart investment for a business landscape hallmarked by uncertainty and yes, the more-than-occasional chaos. Research shows that having more Women in Supply Chain can empower more curiosity and agility —helping organizations meet and exceed business milestones with breakthrough performance.

Agile and Lean Supply Chain 104

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply chain 104

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

Bidding

Procurement Tactics

JUNE 19, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter AI in Logistics — The Ultimate Guide Artificial intelligence is rapidly revolutionizing industries and logistics is not an exception. It changes how companies operate by providing applications that streamline planning, procurement, manufacturing, warehousing, distribution, transportation, and sales.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Supply Chain Dive

JUNE 20, 2023

Customers in affected areas should keep an eye on any changes in pickup and delivery times, one expert noted.

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143

SCMDOJO

JUNE 21, 2023

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept. Companies often outsource or entrust these processes to third-party providers, reaping the abundant benefits of SCaaS.

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 105

SCMR (Supply Chain Management Review)

JUNE 21, 2023

With so much uncertainty and mixed economic signals, it is hard, if not impossible, to see trends or predict what will happen in the supply chain.

Supply chain 114

Supply chain Supply 114

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.

Supply Chain Optimization

Procurement Tactics

JUNE 22, 2023

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes Access To All Unlimited access to all courses & templates Platform For Teams Procurement Tactics For Teams Where procurement teams build better skills, fas

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

Supply Chain Dive

JUNE 21, 2023

The company is weathering a decline in demand, and relief doesn't appear to be coming from strike-fearing shippers.

Demand 142

Demand 142

Supply Chain Brain

JUNE 20, 2023

The majority of digital transformation initiatives for the supply chain fail because businesses engage in "tribal" behavior, according to a new book by Klaus Imping and Michael Ciatto.

Supply chain 105

Supply chain Supply 105

Procurement Freelancers

JUNE 22, 2023

The effects of the COVID-19 epidemic are still being felt, and how. Despite these persistent… The post 8 Key Procurement Trends For 2023 first appeared on Procurement Blog | Procurement & Supply Chain News.

Procurement 98

Procurement Supply chain Supply Category management 98

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Supply Chain Optimization

Procurement Tactics

JUNE 23, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 12 Best UK Drop Shipping Suppliers 2023 — Pricing & Reviews The drop shipping industry is saturated but it is still a profitable business in 2023. According to Statista, the global dropshipping market will reach $243.42 billion in 2023.

Price 163

Price Suppliers Negotiation Quality 163

Supply Chain Dive

JUNE 20, 2023

“We are on track for a record contraction in labor capacity this year, which is key to the bottoming process,” senior analyst Tim Denoyer said in a statement.

Contract 116

Contract 116

Let's Talk Supply Chain

JUNE 19, 2023

In today’s episode of Women in Supply Chain , I’m joined by Sharon Manker – award-winning supply chain, supplier diversity and inclusion strategist; author; board director; keynote speaker; and advocate. Sharon is a multi-talented supply chain and procurement professional, with over 20 years industry experience. And as a renowned advocate and diversity strategist, she brings that experience – together with her unrivalled passion – to committees, and stages, around the country, using her voice to

Supply Chain Optimization 98

Supply Chain Optimization supply chain software solutions Supply chain Supply 98

Procurement Freelancers

JUNE 17, 2023

A company’s risk management plan must include supplier risk management (SRM). Direct procurement entails working… The post Supplier Risk Management With Supplier Auditors first appeared on Procurement Blog | Procurement & Supply Chain News.

Risk management 96

Risk management Suppliers Risk Management 96

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.

Procurement

Procurement Tactics

JUNE 23, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 12 Best Construction Equipment Suppliers 2023 — Reviews & Pricing A good house and building come from reliable construction equipment and materials. If you are searching for the right tools and equipment for your construction plan, you are on the right page.

Price 130

Price Suppliers Negotiation Purchasing 130

Supply Chain Brain

JUNE 20, 2023

Combined, the U.S., EU, Japan and India have committed more than $100 billion in subsidies to attract the likes of Intel, Taiwan Semiconductor Manufacturing and Micron.

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98

Supply Chain Dive

JUNE 23, 2023

Negotiations involving wages got off to a rocky start on Thursday, with the union calling a company counteroffer “appalling.

Contract 119

Contract Negotiation 119

Procurement Freelancers

JUNE 19, 2023

Manufacturing quality control is crucial. Product quality affects consumer happiness and the company’s reputation. To… The post The Importance Of Supplier Auditing For Quality Control In Manufacturing first appeared on Procurement Blog | Procurement & Supply Chain News.

Quality 95

Quality Import Suppliers Supply chain 95

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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.

Real-time Visibility