2022

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Procurement Strategy Case Studies — 5 Insightful Examples

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Procurement Strategy Case Studies — 5 Insightful Examples. Setting the appropriate strategy in procurement is the first step to improving control and effectiveness of the overall procurement and sourcing activities. However, not everyone knows where to start in their strategy. .

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Procurement request guide: Basics, tips and examples

RPF360

Does your procurement team take requests? Listening to and serving stakeholders is a big part of creating a successful procurement team. Fortunately, a procurement request form makes it easy for stakeholders to initiate a project and engage with procurement. At the same time, the procurement managers receive a standardized overview that empowers them to quickly understand the need and assist.

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Talent emerges as the key to unlocking procurement’s potential

Procurement Leaders

Speakers and panellists took to the stage at this year’s World Procurement Congress (WPC) in London accompanied by the thumping strains of the Rolling Stones’ ‘Paint It Black’ Given the events roiling the supply chain at the time, the rock’n roll veterans’ ‘You Can’t Always Get What You Want’ might have been a more appropriate soundtrack.

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How Are Supply Chain Disruptions Causing Strain in Laboratories?

All Things Supply Chain

Supply chain shortages make securing the goods people need and want tremendously difficult. Sometimes, such issues cause mere annoyances or mean consumers must wait longer for non-essential items.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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How to conduct a good procurement interview process

Procurement Heads

“The interview process will be really straightforward. “It will just be a simple 15-stage virtual interview followed by a quick six-stage face-to-face with three short presentations to our Founder’s cat to round it all off.” A poorly planned interview process hugely impacts an organisation’s ability to successfully hire talent. And with a continuation of the tight procurement talent market, what can hiring managers do to ensure they are in control?

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Responsible Sourcing — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Responsible Sourcing — Everything You Should Know. Responsible sourcing requires a shift from the traditional way companies source their needs. However, what is responsible sourcing? This article will discuss what responsible sourcing is.

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How procurement at UPS transformed itself from a transactional function to a strategic partner

Procurement Leaders

Challenge. Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. Excluded from planning meetings and strategic decisions, and with a team lacking the knowledge and relationships to drive real change, procurement was extremely decentralised, in control of just 30% of global spending and focused mostly on tactical, transactional activities.

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Top Ways 3PL Warehouses Can Survive a Period of Inflation and Financial Downturn

All Things Supply Chain

Unless you’ve been living underneath a rock, you’re aware that our world has been hit with a few years of unprecedented challenges – from a global pandemic to supply chain…

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How to have A Successful Impact In A New Procurement Role

Procurement Heads

You will have to adapt to new systems, and processes and chances are you will have a culture shock. Having a flexible attitude and being able to demonstrate a desire to be a part of the business’s success will be beneficial to make that positive start. Everyone has a 90-day plan and often you will find it goes out the window. All your well-made plans will be changed as you imbed yourself into the company projects and requirements so it is good to keep the following in mind – Comprehe

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80% of UK businesses say Brexit caused the biggest supply chain disruption in the last 12 months

ivalua

83% fear the biggest disruption from Brexit is yet to come, while increasing supply chain disruption caused revenues to drop by an estimated 18%. London, UK, 28th November, 2022. Research from Ivalua , a leading global spend management cloud provider , has revealed that 80% of UK businesses say that Brexit has been the biggest disrupter to supply chains in the last 12 months, while 83% fear the biggest disruption from Brexit is yet to come.

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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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7 Purchasing Negotiation Strategies Every Buyer Should Use

ProcurePort

• In procurement, the balance of power can shift towards the suppliers for many reasons. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • In other cases, demand far outweighs supply, making it hard for buyers to negotiate. Such circumstances make it important for procurement teams […].

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Intelligent IBP – The Rise of Autonomous

Supply Chain Trend

Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. This traditional IBP is not set up for a fast-changing world, where speed of decision making confers a competitive advantage. Intelligent automation will change this. In a series of short blogs, I will discuss the transition of traditional IBP towards a more intelligent IBP.

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The warehouse flood – True stories

ABC of Procurement

Another true procurement story. The post The warehouse flood – True stories first appeared on ABC of Procurement.

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Report Links Car Supply Chain to Forced Labor in China

Supply Chain Brain

The authors claim China's systematic repression of the Uyghurs and opaque supply chains has allowed the automotive industry to become reliant on abusive suppliers.

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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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Railroads should give workers the benefits they seek

Supply Chain Dive

It's time to get freight rail back on track with a stable workforce and improved service, writes the National Association of Chemical Distributors.

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Procurement Speakers 2022 – 10 Most Popular Experts

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Procurement Speakers 2022 – 10 Most Popular Experts. Procurement speakers share their knowledge to inspire people in procurement that they are making a difference in the world. However, not all in the field of procurement are updated as they are more focused on their work. .

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Vendor onboarding: Process guide, checklist and tips

RPF360

Vendor onboarding is an essential element of successful supplier relationship management. Explore this topic as well as how RFP management software automates and centralizes the vendor onboarding process. The post Vendor onboarding: Process guide, checklist and tips appeared first on RFP360.

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CPO Compass 2023

Procurement Leaders

After years of firefighting, CPOs are leading their teams into an era of data-driven resilience – enabling their teams to deliver new sources of value. Dive deeper to discover the future of the function.

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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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Impact of hydrogen on logistics Part 1: Road Transportation

All Things Supply Chain

The future belongs to hydrogen, to green hydrogen – that’s what we frequently hear and read these days.

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The Big Interview with Jo Meehan

Procurement Heads

You have been described in the business press as one of the ‘UK’s most influential business academics’, where did this all start for you and how did you get into procurement? Like many people in procurement, I fell into it! I would like to think people now choose it as a career, but when I left school, I didn’t have a degree, I had done A Levels in art, English and history.

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Volkswagen Group Selects Ivalua to Digitize its Indirect Procurement Processes

ivalua

Ivalua platform selected to improve efficiency, transparency, and the employee purchasing experience. Redwood City, CA, December 15, 2022. Ivalua, a global leader in spend management , and Capgemini, a global IT services and consulting firm, today announced that after a comprehensive evaluation of available technology solutions, the Volkswagen Group has chosen Ivalua’s platform to digitize its global indirect procurement processes for the Group’s entire brand portfolio.

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What is Sourcing Process in Procurement – A Complete Guide to Sourcing Processes [2022]

ProcurePort

• Sourcing is the process of finding the most suitable suppliers of goods and services to a company. When sourcing, a business has to consider the following constraints: cost, profit margins, and competitiveness. • The right supplier must offer a good enough price so that the acquiring business can make a profit margin by trading […]. The post What is Sourcing Process in Procurement – A Complete Guide to Sourcing Processes [2022] appeared first on ProcurePort Blog.

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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.

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Episode 81: How to Persuade Anyone, Anytime with Simon Horton

Una

Episode 81: How to Persuade Anyone, Anytime with Simon Horton. By Kelly Barner | September 7, 2022. The power of persuasion is at play all the time and in all settings. Sometimes it is as simple as swaying a group of friends to agree with your restaurant preference, but other times there is far more at stake. Hostage negotiators and diplomats regularly find themselves in situations where their skills are needed to save lives and preserve stability.

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The lost truck – a Supply Chain story

ABC of Procurement

Here is a story I would like to share with you from my career. This one is on how I lost a truck full of goods. The post The lost truck – a Supply Chain story first appeared on ABC of Procurement.

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Six Logistics Trends to Watch for in 2023

Supply Chain Brain

The transportation and logistics industry faces new challenges and an uncertain economy in the coming year. Following are six trends we can expect to see in 2023. .

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How To Grow Your Textiles Manufacturing Company (With Digital Marketing Examples)

The Thomas Blog

It’s an active period of growth for some textile manufacturers, especially in the U.S. The pandemic, trade agreements, and changes in the economy have impacted the industry as a whole, but it's still on target for billion dollar growth in the years ahead. Suffice to say, there's opportunity in this sector of manufacturing, and if you're looking to increase orders—of if you already have a five-year plan to double your business and expand your facility—here are ways textiles manufacturers can get

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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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Operational Procurement — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. Operational Procurement — Everything You Should Know. Operational procurement sustains every business to do its daily operation. But many people are not familiar with this term. . Do not worry if you do not know operational procurement as this article will help you understand it.

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The top 23 procurement technology tools for 2023

RPF360

Procurement technology includes a range of interesting solutions including contract management, data sources, RFP management systems, spend analytics and more. Explore our favorite procurement technology solutions in this blog. The post The top 23 procurement technology tools for 2023 appeared first on RFP360.

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Lene Aabo-Bjerregaard on close communication and collaboration in a crisis

Procurement Leaders

Danish biotechnology company Novozymes is a leader in the research, development and production of industrial enzymes, microorganisms and biopharmaceutical ingredients. With operations all over the world, and sourcing offices in Denmark, North America and China, its supply chain is exposed to a huge scope of complex challenges, across categories of spend including agriculture, chemicals, and enzymes, among others.

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The future of Hybrid Working in Supply Chain

All Things Supply Chain

Since the pandemic started, hybrid work models had to be adopted by companies in all kinds of industries.

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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