ProcurePort

NOVEMBER 30, 2023

The procure-to-pay process is a comprehensive journey involving steps from identifying a need for goods or services through payment to suppliers, emphasizing the importance of efficient communication, transparency, and strategic supplier relationships. Successful implementation of the procure-to-pay process requires meticulous attention to each stage, from request and purchase requisition to supplier evaluation, purchase order creation, […] The post What are the steps in the procure to pay

Purchase orders 130

Purchase orders Procurement Purchasing Suppliers 130

Procurement Templates

NOVEMBER 26, 2023

Nailing Soft Skills in Procurement: The Unseen Superpower Hard skills and soft skills – which is more important? The answer is, really, that it depends. Hard skills are undoubtedly crucial in specific occupations, but there isn’t a job in the world that doesn’t require soft skills. Even those specializing in specific skill sets need soft skills to work collaboratively in a team.

Procurement 130

Procurement Influencing Negotiation Contract 130

ProcurePort

NOVEMBER 27, 2023

Procurement as a Compliance Driver: Thorough vendor due diligence is essential, encompassing financial stability, adherence to labor laws, environmental practices, and ethical conduct. Proactively including compliance requirements in contracts ensures clarity, with regular audits facilitating continuous improvement and maintaining a compliant supply chain.

Procurement 130

Procurement Ethics Contract Sustainability 130

ProcurePort

NOVEMBER 29, 2023

In the dynamic and ever-evolving landscape of modern business operations, organizations are increasingly turning to innovative technologies to streamline their processes and enhance overall efficiency. Among the many technological advancements, Electronic Procurement (e-procurement) systems and Enterprise Resource Planning (ERPs) have emerged as integral components in the pursuit of operational optimization.

Procurement 130

Procurement Innovation 130

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Supply Chain Optimization

Supply Chain Brain

NOVEMBER 28, 2023

Biden used the meeting to announce 30 actions that will provide Americans with access to medicine and the economic data needed to track the production and shipment of certain goods.

Supply chain 85

Supply chain Supply Data 85

All Things Supply Chain

NOVEMBER 27, 2023

With eco-friendly operations becoming more popular, many companies are considering a switch to electric-powered fleets. In fact, Statista projects that 60% of forklifts sold worldwide in 2030 will be electric.

Logistics 182

Logistics 182

ProcurePort

DECEMBER 1, 2023

In the rapidly evolving landscape of modern business, organizations are constantly seeking innovative ways to streamline their processes, enhance efficiency, and cut costs. One such technological advancement that has significantly transformed the traditional procurement process is the implementation of electronic procurement systems, commonly known as e-procurement systems.

Procurement 130

Procurement Innovation Management 130

SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow. That’s why streamlining your inventory management strategies is crucial for success.

Inventory 111

Inventory Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 111

Supply Chain Brain

NOVEMBER 30, 2023

Fortunately, corporate renewable energy and sustainability efforts are incentivized by local, state, and federal tax incentives that help offset the cost of adoption.

Sustainability 112

Sustainability Supply chain Supply 112

Procurement Templates

NOVEMBER 26, 2023

I’m going to share some real procurement stories that have happened to me, since we are on the theme of memes, I will let on what really happens in the day of a procurement manger. If you want to read the other version click here In the early days of my career I was working at a global company and I let out a tender. I got the most surprising feedback from a supplier.

Procurement 130

Procurement Suppliers Negotiation Management 130

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

Supply Chain Dive

DECEMBER 1, 2023

The proposed guidelines clarify how the law’s “foreign entity of concern” requirements will impact automakers’ ability to qualify for EV tax credits.

116

116

SCMDOJO

NOVEMBER 28, 2023

Supply chain management is one of the popular courses in today’s world and the education system. It is a field that requires individuals to have technical and excellent problem-solving abilities, which are vital in enhancing efficient logistics operations in different industries. Pursuing a degree in supply chain management requires utmost dedication and adequate finances to cater for tuition, accommodation, stationery, and other important necessities for a smooth school life.

Supply chain management 105

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 105

Supply Chain Brain

DECEMBER 1, 2023

In response to the ongoing crisis, carriers have begun redirecting their shipments to the U.S. West Coast or have opted for alternative routes via the Suez Canal.

105

105

Let's Talk Supply Chain

NOVEMBER 27, 2023

 It’s been a while since we brought you an episode of Thoughts and Coffee on Let’s Talk Supply Chain, but this recent episode was too good not to share. Because it was hosted by, not one, but two of our super talented live show hosts. Dyci Sfregola, host of Action Items, and Hope White, host of No Bullshipping, sat down to discuss how AI is changing the game when it comes to supply chain sustainability.

Sustainability 98

Sustainability supply chain software solutions Supply chain Supply 98

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

Supply Chain Dive

NOVEMBER 28, 2023

Procurement tactics like creating demand signals and convening key industry players are critical tools in the government's playbook, a White House advisor told Supply Chain Dive.

Supply chain 115

Supply chain Supply Demand Procurement 115

IBM Supply Chain Blog

NOVEMBER 30, 2023

Ever since the pandemic changed the corporate world, organizations have rededicated themselves to excelling at employee experience strategy. A successful employee experience strategy (EX strategy) is the best way to recruit and retain top talent , as employees increasingly make decisions on where to work based on how they respond to employee needs. Organizations can prioritize overall employee experience by being thoughtful about how to serve their workers during all stages of the employee journ

Strategy 96

Strategy Influencing Management Import 96

Supply Chain Brain

NOVEMBER 29, 2023

Some of the new users include a Longwood, Florida-based watermelon grower, processor and brokerage as well as an Immokalee, Florida-based green bean, eggplant, squash and pepper grower.

97

97

Procurement Bulletin

NOVEMBER 26, 2023

Swedish Breakthrough in EV Battery Production Swedish battery startup, Northvolt, has reportedly developed an EV battery made of sodium-ion that doesn’t involve in-demand and expensive materials that current batteries require (e.g. lithium-ion batteries). This breakthrough could solve the constraints posed by current battery production requirements and cut the costs of production as well.

Export 95

Export Price Import Demand 95

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

Supply Chain Dive

DECEMBER 1, 2023

National providers' peak season gains indicate their rate discounting efforts are paying off, the shipping platform's CEO said.

124

124

IBM Supply Chain Blog

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. They must comply with an increasing regulatory burden, and they compete with a broad range of financial services companies that offer investment products that have potential for better returns than traditional life insurance and annuity products. Although interest rates have increased at an unprecedented rate over the past year as central banks attempt to curb inflation, a significant part of insu

Data 96

Data Risk Innovation Product development 96

Supply Chain Brain

NOVEMBER 30, 2023

This has been a challenging year for the multi-trillion-dollar information communications technology industry. Now, however, it looks like the downturn is behind us, and growth is predicted in the near term.

93

93

SCMR (Supply Chain Management Review)

DECEMBER 1, 2023

A Canadian supply chain law set to take effect Jan. 1, 2024, will place the responsibility on brands, retailers, and importers to identify and prevent child and forced labor within their supplier networks.

Supply chain 89

Supply chain Supply Networking Suppliers 89

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Supply Chain Optimization

Supply Chain Dive

NOVEMBER 29, 2023

One of the world's largest commodities traders is moving up its timeline to eliminate land use conversion from supply chains in Argentina, Brazil and Uruguay.

Supply chain 114

Supply chain Supply 114

IBM Supply Chain Blog

NOVEMBER 29, 2023

Financial Services clients are increasingly looking to modernize their applications. This includes modernization of code development and maintenance (helping with scarce skills and allowing innovation and new technologies required by end users) as well as improvement of deployment and operations, using agile techniques and DevSecOps. As part of their modernization journey, clients want to have flexibility to determine what is the best “fit for purpose” deployment location for their a

Inventory 89

Inventory Sourcing Import Risk 89

Supply Chain Brain

NOVEMBER 27, 2023

Logistics service providers are armed with expertise, data, technology and C-level executives who will listen to them, says Mike Riegler of One Network Enterprises.

Logistics 94

Logistics Networking Data 94

SCMR (Supply Chain Management Review)

NOVEMBER 29, 2023

The average company investment in supply chain innovation has nearly doubled in 2023 compared to 2022, according to new research from Catena Solutions.

Innovation 97

Innovation Supply chain Supply 97

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

Supply Chain Dive

NOVEMBER 30, 2023

While prices are picking up, freight forwarders still don’t expect major improvement in the market until the second half of 2024, according to Clive Data Services.

Price 110

Price Data 110

Spend Matters

NOVEMBER 29, 2023

This Spend Matters Vendor Analysis gives an overview of Supplios. Supplios is a supplier collaboration platform built specifically to help manufacturers work with their direct-material suppliers. The platform has built-in functionalities for supplier management, direct material sourcing and procurement, supplier onboarding, supplier quality and supplier performance management.

Suppliers 88

Suppliers Sourcing Management Collaboration 88

Supply Chain Brain

NOVEMBER 30, 2023

IVA offers supplier research capabilities, market insights, legal assistance, RFP assistance and improvement plans that summarize supplier actions and suggest appropriate responses.

Suppliers 90

Suppliers 90

SCMR (Supply Chain Management Review)

NOVEMBER 27, 2023

Companies across sectors are increasingly shifting manufacturing away from China in an effort to reduce vulnerability and exposure to rising labor costs. Research from Moody’s finds that large global apparel companies may fare the best when diversifying.

Risk 87

Risk 87

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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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