Sat.Oct 08, 2022 - Fri.Oct 14, 2022

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CPO Spotlight: Kendall Smith

Procurement Heads

Tell us about your role. I am the Chief Procurement Officer, which means that I am responsible for the procurement of everything that we don’t sell in stores or online, so everything non-product. Our spend is predominantly on Supply Chain Services, IT, Marketing and Corporate Services as well as a number of significant outsourcing deals. What did you inherit in the role when you started?

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How Data Privacy Regulations Affect Your Supply Chain

All Things Supply Chain

Data privacy regulations are becoming increasingly important as businesses become more and more aware of the importance of data security.

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Trending Sources

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Strategic Sourcing Manager — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. However, not many people know their real role in procurement. .

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Supplier code of conduct: Guide, best practices and template

RPF360

Successful vendor relationships are built on shared goals, trust and values. But, do your vendors know where you stand on key issues? And, importantly, do you know if your values align? Increasingly, organizations want to work with vendor partners that share their commitment to social and ethical standards. And, they use a supplier code [.]. The post Supplier code of conduct: Guide, best practices and template appeared first on RFP360.

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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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Understanding The Purchasing Procurement Process 

ProcurePort

• The procurement process in any organization is a combination of several functions that require expertise ranging from sourcing, data collection and analysis, negotiation, accounting, risk management, project management, and many more. Though not set in stone, the procurement process can be understood through five phases. Needs Recognition– Needs are recognized at the department level […].

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The benefits of hybrid working when hiring procurement talent

Procurement Heads

The report highlighted that one in five (21%) businesses with 10 or more employees reported their workforce working from home one to two days per week. Working from home, businesses not permanently stopped trading with 10 or more employees, broken down by industry, weighted by count, UK, 8 to 21 August 2022. Ben Stickland , Senior Recruitment Consultant – Public Sector, said, “It’s perhaps not surprising to see professional services – which procurement falls under – record one of the lowest rate

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Net Zero: What Does it Really Mean?

ivalua

Professor David L. Loseby MCIOB Chartered, FAPM, FCMI, FCIPS Chartered, MIoD, FRSA. The more I read and research on the subject of “how to get to net zero” the more I feel how little I perhaps know! Further, if the truth be known I suspect many others in procurement and supply chain are feeling the same, but maybe that’s not true. Having just listened to a very informative and comprehensive webinar by Dr Natacha Tréhan and Arnaud Malardé [ Moving Towards a Net Zero Supply Chain Webinar | Ivalua

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Food delivery robots to roam Chicago in pilot program

Supply Chain Dive

Robot operators will partner with restaurants and grocery stores to test the app-based robot deliveries. City leaders will look at device boundaries, vandalism, and other potential issues.

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Prioritizing ESG Compliance in the New Supply Chain

Supply Chain Brain

The supply chain ecosystem won’t revert to its pre-pandemic state. With this in mind, manufacturing organizations are placing top priority on modernizing procurement technology.

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Construction RFP — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Construction RFP — The Ultimate Guide. Construction RFP is usually the weakest spot of construction companies in winning new opportunities to win business. The reason behind this is the failure of construction companies to show value in their request for proposals. .

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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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The Supply Chain Transparency Challenge: Report Highlights Gap between Procurement Organisations’ Transparency Ambitions and their Capabilities

ivalua

The majority of organizations consider supply chain transparency to be a top priority, however less than a third are satisfied with the level of visibility into their suppliers. Redwood City, CA, 13 October, 2022. A new report, “Data-Enabled Supply Chain Transparency” has revealed that 77% of respondents indicated their organization considers supply chain transparency to be critically or highly important.

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The Future of Marketing After Covid!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Tips to Improve Your Marketing Campaign! Nearly two years into the pandemic, we now have plenty of experience to draw some conclusions as to what’s coming next. While Covid-19 has shaken the entire globe, there is still the light in the tunnel, especially when talking about marketing.

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Air cargo spot rates keep falling with no sign of a peak season turnaround

Supply Chain Dive

As flight capacity continues to be reintroduced, shippers who didn’t bring in cargo early “are likely to find themselves in a stronger buying position,” said an industry expert.

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Episode 86: When Politics Snares Supply Chains with Juliette Rowsell

Una

Episode 86: When Politics Snares Supply Chains with Juliette Rowsell. By Kelly Barner | October 12, 2022. If you feel like working in supply chain and procurement has become a political minefield, you’re not alone. Between increased regulations, high stakes geopolitics, and administrative differences, complexity is up and the pace of change is accelerating.

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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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Watch: E-Commerce Shoppers Are More Demanding Than Ever

Supply Chain Brain

Pandemic or no pandemic, e-commerce shoppers have upped their expectations of retailers and their logistics partners, with an emphasis on transparency, says Brian Bourke, chief growth officer with Seko Logistics.

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Effective Inventory Management Keeps Your Business Thriving!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Effective inventory management is one of the most important aspects of running a successful business. It can be the difference between having the right products in stock when your customers need them and being caught short. Good inventory management means having visibility into your inventory levels at all times, so you can make sure you have enough products on hand to meet

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Railroads back to bargaining table after large union rejects labor agreement

Supply Chain Dive

The National Railway Labor Conference, which is representing railroads in negotiations, said that "failed ratification does not present risk of an immediate service disruption.

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Why Data Sharing is Limited in a Competitive Environment

Supply Chain Trend

This is a commentary on the article To Share or Not to Share: The Future of Collaborative Forecasting , Foresight 2022, Q4, by Pierre Pinson, Editor in Chief of The International Journal of Forecasting. Asymmetry of Data Ownership. In Pierre Pinson’s article “To Share or Not to Share: The Future of Collaborative Forecasting,” the comparison between data and big oil is striking.

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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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The Trouble with Enforcing Forced Labor Laws

Supply Chain Brain

Until recently, international trade’s great big dirty secrets regarding forced labor remained mostly hidden beneath layers and layers of supply chain complexity. Now, some governments are attempting to hold companies more accountable.

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6 Essential Provisions in a Supply Chain Contract!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Effective Sales Contract Lifecycle Management Best Practices! Maintaining quality and brand image in a supply chain can pose a business risk if you’re a manufacturer. You have authorized dealers whose core operations you don’t fully control. In addition, you may also use brand ambassadors who help promote your company.

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Creating a more flexible and resilient supply chain starts with identifying key risk exposures

Supply Chain Dive

With access to the right expertise and advanced technology, organizations can develop a meaningful action plan for rethinking their supply chain.

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Current Events Impacting Procurement

Una

Current Events Impacting Procurement. By Hugo Britt | October 13, 2022. Procurement and supply chain management would be a lot easier if the function existed in a bubble, but it would also be a lot less exciting. Purchasing strategies are impacted by geopolitical events, buffeted by shipping delays, stretched by inflation, and made obsolete in an instant by black-swan events such as the Suez Canal obstruction or (of course), a global pandemic.

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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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Watch: How Process Mining Can Boost Supply Chain Agility

Supply Chain Brain

Victoria Ma, digital and innovation lead for North America with Miebach Consulting, explains how the exercise of process mining can help supply chains achieve a new level of agility in responding to orders and unexpected changes in customer demand.

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5 Keys to Building a Long Term Freight Partnership!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our Top 16 Articles on Freight and Logistics! In shipping and logistics, building strong relationships with your freight or carrier company is often underestimated. Whether you have a small or big contract, a long-lasting freight partnership with a company you trust is critical, especially when your business’s logistics is on the line.

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TikTok’s latest venture appears to be e-commerce fulfillment

Supply Chain Dive

The social media company listed job openings for global fulfillment centers, saying it can deliver a “brand new and better e-commerce experience.

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Invoice management for modern businesses: A guide

Spendesk

Just like lots of other finance processes, invoice management has officially become a burden. “82% of finance departments are overwhelmed by the high numbers of invoices they are expected to process on a daily basis and the variety of formats they’re received in.”.

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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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Why a Machine-Learning Control Tower is Essential for a Modern CPG Supply Chain

Supply Chain Brain

Most CPG brands, distributors, outlet stores, and other participants in the supply chain have already seen the need for a supply chain control center. But do we also now need a control tower for machine learning models?

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For a Successful Business Improve Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Supply Chain Renaissance Has Begun! The Supply Chain is the unseen driving force behind any business. As such, for business success you must improve Supply Chain. Over the years, it has changed due to technological developments, evolving from the manual processes using logistics and mechanization to the optimized, digital and automated mechanism of today.

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How the trucking industry is helping feed a million Floridians after Hurricane Ian

Supply Chain Dive

Operation BBQ Relief drew volunteer drivers from across the country to deliver much-needed food supplies in the storm’s aftermath.

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Business Spend Management | Amplify Savings in Top Categories

Una

Amplify Your Business Spend Management Strategies with a GPO. By Hugo Britt | October 11, 2022. If you’re new to the concept of group purchasing , you may be asking yourself where, exactly, the biggest savings can be found. The answer is no secret: the steepest discounts exist in the most popular categories with the biggest volumes of purchasing. Una leverages over $100 billion in buying power to negotiate best-price contracts with hundreds of the nation’s top suppliers.

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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.