Procurement Insights

MARCH 11, 2024

In 2021, a McKinsey & Company article by Mark Baptista , Michael J Gordon , Christine Herrmann , Andrew Pratt reported – “Companies that rapidly adapt their supply bases reap rewards in cost, resilience, and growth potential. percent) chemical manufacturing (7.7) engineering and construction (4.0) financial services (8.5)

Suppliers 68

Suppliers Supply management Import Data 68

Procurement Tactics

NOVEMBER 10, 2022

2021 was the year when the United Kingdom Export Finance (UKEF) led the world into a sustainable future. The UKEF continued to put their export finance managers at the center of the “Exporter’s Edge” campaign from 2021 to 2022. billion which is a decrease of 10% compared to the Q1 of 2021. . A Greener Future For UK’s Export.

Export 168

Export supply chain budgeting Procurement Budget 168

Procurement Tactics

OCTOBER 20, 2022

The value of Russia’s energy exports to the EU in the months of March and April was 75% higher than the 2021 levels. . Russia controls over a quarter of the world’s natural gas exports, 18% of coal exports, 14% of platinum shipments, and 11% of crude oil exports. . Russia’s total exports have expanded 69.9%

Export 214

Export Price Price negotiations Suppliers 214

ivalua

APRIL 1, 2022

The report evaluated 11 procure-to-pay (P2P) solution vendors based on ratings and feedback from end-users with experience using, implementing or operating a P2P solution. Gartner also named Ivalua as a Leader in the 2021 Gartner® Magic Quadrant for Procure-to-Pay Suites for the third consecutive time. About Gartner Peer Insights.

Procurement 130

Procurement Spend management Purchasing Risk 130

Spend Matters

AUGUST 11, 2022

Tradeshift's own analysis shows that the average value of an invoice submitted on the Tradeshift platform has increased by 11% since the start of 2022, compared to a more modest 3.5% rise in 2021. The latest official data puts US inflation at 8.5%. What does it all mean for procurement and finance? Read more. ).

Procurement team 73

Procurement team Supply chain Procurement Supply 73

IBM Supply Chain Blog

FEBRUARY 20, 2024

11 Global sea level rise Sea levels rose rapidly in the 20th century, largely due to melting glaciers and ocean thermal expansion. Nature Geoscience , 14 , 473–478 (2021). 11 “ New system uses seawater to capture and store CO2.” 13 2021: Ocean, Cryosphere and Sea Level Change. millimeters (0.1

Risk 119

Risk Sustainability Strategy Data 119

Procurement Tactics

OCTOBER 31, 2022

in April 2021 to 3% in November 2021. A survey showed that almost 58% of millennials had never negotiated their salary and only 38.5% of millennials surveyed have tried to negotiate their salary. . 4 out of 10 millennials are scared of the consequences they may incur when they try to negotiate their salary. .

Negotiation 192

Negotiation Procurement Suppliers Management 192

All Things Supply Chain

SEPTEMBER 18, 2020

billion deal with Japan which will take effect on January 1st, 2021. UK strikes post-Brexit trade agreement with Japan The United Kingdom has announced a $19.5 The deal aims to…

Supply chain 37

Supply chain Supply 37

Procurement Tactics

OCTOBER 25, 2022

Finding and keeping outsourcing talents are more difficult than ever before for the outsourcing and BPO industry in 2021. In 2021, The United States had the most percentage of outsourced jobs in the world with almost 68% of companies delegating their services. . Or receive our famous weekly newsletter. Finding Outsourcing Talents.

Suppliers 182

Suppliers Budget Demand Negotiation 182

ivalua

MARCH 11, 2021

Redwood City, CA March 11, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that the Virginia Department of General Services (DGS) has awarded a contract to CGI, which is using the Ivalua platform as the technology to support the transformation of the Commonwealth’s eVA program.

Eprocurement 130

Eprocurement Procurement Spend management Purchasing 130

IBM Supply Chain Blog

JUNE 15, 2023

And 2021 winner Saafwater recently improved its water quality platform by designing a cellular communication board through a partnership with eInfochips, an Arrow Electronics company. Winners of Round 2 will be announced at the end of June, and Round 3 will run from July 3 – August 11.

Sustainability 86

Sustainability Quality Innovation Networking 86

Strategic Sourceror

DECEMBER 7, 2022

That's up from 70% in 2021. In terms of actual spending, sales topped $11 billion , based on initial performance results reviewed by Adobe Analytics. That's a near 6% surge from 2021. Cyber Monday sales were particularly brisk, with an estimated 77 million individuals hitting the e-stores, NRF data showed.

supply chain budgeting 62

supply chain budgeting Strategic sourcing Strategic sourcing Budget 62

Procurement Tactics

OCTOBER 27, 2022

billion in 2021 to $15.71 To keep the supply chain moving, companies must adopt the new trends in the supply chain that tackles driver shortage and invest in driver retention which includes driver incentives to be given by companies. . Logistics Statistical Figures in 2022 That You Should Know. billion in 2022 and is expected to reach $62.7

Logistics 193

Logistics Supply Chain Efficiency Raw materials Demand 193

Procurement Tactics

NOVEMBER 7, 2022

India achieved merchandise exports of $33 billion in August 2022 which is at similar levels in August 2021. . The export of non-petroleum and non-gems and jewelry from April to August was at $135.49 billion which is an increase of 8.4% over the cumulative value of the said products’ export last year. .

Export 163

Export Demand Import Price 163

IBM Supply Chain Blog

JUNE 20, 2023

According to Warranty Week , claims totaling 46 billion USD were paid by the global automotive Original Equipment Manufacturers in 2021. 54 billion USD in accruals have been made. This means that based on experience, roughly $630 per vehicle sold is held back for upcoming warranty issues. and Canada.

Data 89

Data Suppliers Quality Management 89

Supply Chain Game Changer

NOVEMBER 11, 2021

Originally written for Supply Chain Game Changer and published on November 11, 2021. While it’s true that several suppliers are willing to work with you, only a few will match your customers’ requirements and business culture. It’s worth it to do the research so you find a supplier that fits your needs.

Quality 91

Quality Suppliers Supplier relationship management Ethics 91

Procurement Tactics

OCTOBER 24, 2022

Also in Cameroon, it imported 44% of its fertilizer from Russia in 2021. A supply chain disruption will affect the production of bread in Kenya which is the third most consumed food item in the country. . In Ghana, 60% of all its iron ore and steel imports come from Ukraine. Ukraine’s total imports dropped 15.1%

Import 130

Import Price Demand Supply chain 130

The Thomas Blog

JULY 15, 2022

When it comes to flavorings, our data shows that sourcing for food flavorings jumped 122% year-over-year in 2021. orange reduction from December 2021 to January 2022, underscoring the importance of this insecticide. The injection molding market is predicted to reach $266 billion by 2030 , so desiccants will continue to be in demand.

Networking 96

Networking Sourcing Demand Data 96

Strategic Sourceror

SEPTEMBER 16, 2022

For instance, during the second quarter, roofing materials cost 11% more than in the same three-month period in 2021, according to data from the National Multifamily Housing Council. Additionally, prices for electrical components were up 12%, appliances by 5% and insulation 10%.

Price 70

Price Inventory Strategic sourcing Strategic sourcing 70

IBM Supply Chain Blog

JANUARY 25, 2024

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 trillion, up from USD 864 billion in 2019 to 2020.

Supply Chain Optimization 79

Supply Chain Optimization Inventory Agile and Lean Supply Chain supply chain budgeting 79

Strategic Sourceror

DECEMBER 14, 2022

Indeed, in 2021 lettuce production fell 11% compared to the previous year , according to the United States Department of Agriculture. It isn't just one kind of lettuce, either — from romaine to bib to iceberg and more, the leafy green shortage is widespread.

Price 57

Price Strategic sourcing Strategic sourcing Supply chain 57

Supply Chain Game Changer

JULY 29, 2021

April 2021 saw India grappling with Covid- 19 again. Between 27 th December 2020 and March 11 , 2021, Covid cases were around 20,000 per day and it was believed the pattern would continue. India’s second wave article originally written for Supply Chain Game Changer and published on July 29, 2021.

Supply Chain Efficiency 105

Supply Chain Efficiency Supply chain Raw materials Supply 105

Procurement Tactics

OCTOBER 23, 2022

Some agricultural exports are slower than they were over the same period in 2021. Ukraine exported 15,700 tonnes of sunflower oil in July 2022 which is 15% more than what it exported in June. . More than 13% of global corn exports and 5% of wheat exports come from Ukraine. .

Export 100

Export Price Risk Import 100

Una

APRIL 11, 2023

By Eric Edwards | April 11, 2023 Search In the world of business software applications, few are bigger and more expansive than enterprise resource planning applications, also known as “ERP” systems. billion in 2021) Microsoft Corporation ($168.1 billion in 2021) Infor ($3 billion in 2020) Sage Group (£1.85

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

The Thomas Blog

FEBRUARY 23, 2023

This equipment will grow in demand as biogas as an energy source becomes more commonly used, and it's already being tapped by major companies: in 2021, Volvo Cars announced its first climate-neutral automotive plant. Generators continue to see improvements; researchers are now working on generators that harness static electricity.

Raw materials 98

Raw materials Demand Sourcing Contract 98

Value Match

JUNE 1, 2022

Working with a consortium of 14 media organisations from 11 countries, the BBC has been able to authenticate significant elements of the Xinjiang police files. Uyghur forced labour in Xinjiang and UK value chains is a report by the House of Commons from March 2021. The data cache reveals in detail, China’s use of “re-education” camps.

Supply chain 52

Supply chain Bidding Procurement strategies Procurement 52

The Thomas Blog

SEPTEMBER 12, 2022

Fall protection general requirements violations were number one on the Department of Labor’s Occupational Safety and Health Administration list of the ten most-cited workplace safety violations for 2021. Sustainable Apparel. They prefer products that can be proven to be manufactured and distributed ethically and sustainably.

Sustainability 97

Sustainability Sourcing Innovation Ethics 97

IBM Supply Chain Blog

JULY 12, 2023

The bank reportedly serves 20 million customers and is a country leader in digital banking with more than 11 million customers. In the first year of the plan’s life, the mobilization rate has increased by 27%, from €18.53bn in 2021 to €23.58bn in 2022. This was a milestone that involved the migration of 10.4

Sustainability 50

Sustainability Innovation Data Strategy 50

Supply Chain Game Changer

AUGUST 18, 2021

It is done to meet the maximum requirement of 11 driving hours followed by 10 hours of rest; hence the other driver can take control. Originally written for Supply Chain Game Changer and published on August 18, 2021. The drivers are also needed to be well skilled in using road maps and GPS devices. A Class A CDL is required.

Logistics 98

Logistics Supply chain Demand Supply 98

The Thomas Blog

MAY 22, 2023

These are popular for more than the energy bill savings they bring: in a 2021 survey, 46% of industrial business leaders shared that sustainability is important throughout the manufacturing process, and 68% of them have reduced energy consumption at their businesses. As a result, the global rice syrup market was valued at US$ 635.8

Supply Chain Efficiency 52

Supply Chain Efficiency Demand Sourcing Import 52

Supply Chain Game Changer

MAY 11, 2022

In 2021, the inflation rate increased again and the prices went up by 4.7 Originally written for Supply Chain Game Changer and published on May 11, 2022. Not everyone is prepared to deal with financial emergencies while thousands of people don’t have enough cash set aside in their emergency funds.

supply chain budgeting 93

supply chain budgeting Supply chain Price Budget 93

Supply Chain Game Changer

JUNE 11, 2021

Originally written for Supply Chain Game Changer and published on June 11, 2021. They must be updated with current news and information to make the right predictions and, as a result get plenty of chances to earn huge profits. The post Should You Choose Ethereum or Bitcoin? appeared first on Supply Chain Game Changer™.

Supply chain 65

Supply chain Contract Networking Supply 65

Procurement Software

JUNE 13, 2023

Ask yourself when reading other similar articles whether this is also true of them… 11 of the best eSourcing software for the Mid-Market In putting this together, we deliberately tried to stay away from digital procurement tools in the eSourcing space which are focusing on specific verticals such as manufacturing companies or services spend.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Supply Chain Game Changer

AUGUST 11, 2021

Cyber security options article written for Supply Chain Game Changer and published on August 11, 2021. The post Cyber Security Options for Supply Chain! appeared first on Supply Chain Game Changer™.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain software solutions Supply chain Supply 98

Supply Chain Game Changer

JUNE 7, 2021

11 out of 12 new businesses fail , and that is sad. Originally written for Supply Chain Game Changer and published on June 7, 2021. Minimum Viable Product article and permission to publish here provided by Julia Beyers. The more important question is why some of them actually succeed. appeared first on Supply Chain Game Changer™.

Agile and Lean Supply Chain 112

Agile and Lean Supply Chain Product development Import Supply chain 112

Supply Chain Game Changer

DECEMBER 22, 2021

Interestingly, approximately 11% of these deliveries were damaged. Order fulfillment challenges articles originally written for Supply Chain Game Changer and published on December 22, 2021. Most customers will accept delays if there is a convincing discount. Damaged Products. UPS, FedEx, and USPS, the three leading U.S

Order Fulfillment 96

Order Fulfillment supply chain software solutions Supply Chain Efficiency Inventory 96

Supply Chain Game Changer

AUGUST 5, 2021

In 2021, procurement organizations will require inspirational, innovative, and pragmatic leaders to ensure procurement excellence. 11 ml | Cross-application Integration. Secret recipe article originally published on Supply Chain Game Changer on August 5, 2021. Kodiak Rating’s Family Secret Recipe for smooth Supplier Management.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98