Tue.Dec 06, 2022

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Spend Management — The Ultimate Guide of 2023

Procurement Tactics

33 Procurement Interview Questions in 2022. Download Whitepaper →. . Or receive our famous weekly newsletter. Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. We will tell you the challenges and benefits of spending management.

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Frictionless P2P: A Dream or Reality? 

ivalua

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Previously published on Capgemini’s website. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. These discussions are fed by researchers and thought leaders who emphasize the changing role of Procurement to unlock value potential, mitigate risks and reduce total lifecycle cos

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Shippers Explore Transport Alternatives to Manage Congested Freight Networks

Supply Chain Brain

Today’s small-vehicle expedited shipping offers shippers faster delivery and increased agility, which can be a competitive advantage in today’s challenging marketplace. .

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Whole Foods pauses purchasing of Maine lobster

Supply Chain Dive

The grocer is pulling the seafood due to a change in third party verifications and ratings from the Marine Stewardship Council and the Monterey Bay Aquarium Seafood Watch program.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

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.

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Nearshoring Offers Advantages During a Supply Chain Crisis

Supply Chain Brain

Nearshoring ensures faster speed to market and quicker transit from manufacturers to customers; suppliers and retailers also enjoy the ease of operating in a more convenient time zone.

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OSHA’s Top 10 Workplace Hazards and How to Prevent Them

Supply Chain Dive

Towards the end of every year OSHA (the Occupational Safety and Health Administration) releases its list of the top 10 safety violations, which includes the specific number of violations reported in each category. Why is this list essential?

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More Trending

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Parcel carrier Better Trucks to double coverage area

Supply Chain Dive

Co-founder and CEO Andy Whiting highlighted Texas, Florida and the Carolinas as states the company plans to grow in.

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Episode 93: Empowering Supplier Diversity Managers to Drive Change with Stephanie Lokker

Una

Episode 93: Empowering Supplier Diversity Managers to Drive Change with Stephanie Lokker. By Kelly Barner | December 7, 2022. Supplier diversity is a good idea – but that fact plus a vision creates very little value. It takes leadership, ownership, and a lot of hard work to convert the vision and social mission behind supplier diversity into tangible results.

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Dollar General takes $40M hit from delays in temporary warehouse openings

Supply Chain Dive

The company had to use suboptimal distribution networks and pay more in fees due to slowdowns in returning shipping containers.

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Deck the halls with procurement performance intelligence

Spend Matters

Categories: Procurement , Procurement Commentary , Sponsored Article Tags: EU , Sponsored Article ‘Tis the season to build those jolly-good annual budgets and plans while factoring in the uncertainties about inflation, supply chains and resources. As Procurement anticipates the year ahead, the must-have list should include a solution that can equip and empower team members and leaders with powerful intelligence to drive better business performance not just at the start of the year, but in a dyna

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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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Gap says in-transit inventory levels are ‘easing’

Supply Chain Dive

The clothing retailer has taken several measures to rightsize its inventory, with plans to continue its efforts into the new year.

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Webinar: How to drive procurement value when you don’t have money, talent or time

Spend Matters

Categories: Procurement Strategy & Planning , Risk Performance and Compliance , Services and Indirect Spend Tags: EU , Webinar On December 14, Spend Matters and KPMG are excited to be hosting a webinar to discuss how procurement organizations can find opportunities to drive sustainable value for the business in a period when money, talent and time are in short supply – a hugely topical and relevant discussion we believe in this time of austerity and looming global recession.

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Three Strategies for Keeping Returns from Undermining Peak Season Successes

SCMR (Supply Chain Management Review)

With disciplined, scalable and integrated approach to e-commerce order fulfillment and returns management, DHL Supply Chain is well positioned to help retailers efficiently and profitably manage the holiday peak season and the post-holiday returns peak.

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SEKO Logistics to add warehouse bots to scale up operations

Supply Chain Dive

The logistics provider will partner with GreyOrange to deploy robots in its fulfillment centers, starting in the UK.

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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

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Industry Innovators Take Home 2022 NextGen Supply Chain Awards

SCMR (Supply Chain Management Review)

At the 2022 NextGen Supply Chain Conference, Supply Chain Management Review recognized the companies shaping tomorrow’s supply chains.

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Is there such a thing as too much leverage?

Art of Procurement

A couple of weeks ago, Philip Ideson posted a LinkedIn snap poll about procurement’s negotiating leverage. He asked whether it. The post Is there such a thing as too much leverage? appeared first on Art of Procurement.

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SRM: How to secure the new value that sustainability can bring

Positive Purchasing

In supplier relationship management (SRM), the fundamental question we ask ourselves is, ‘What do we need from our supply base?’. This sounds simple enough and you would be forgiven for thinking that the answer is equally straightforward. Surely our requirements are to have products or services supplied to the correct specification at the right time and at an acceptable price?

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China Abandons Key Parts of Zero-COVID Strategy After Protests

Supply Chain Brain

People with COVID can now isolate at home rather than in state facilities if they have mild or no symptoms. They also no longer need to show tests for most venues, and can travel more freely inside the country.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

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Having Supply Chain Resilience is More Than Insurance, it’s a Competitive Advantage

Procurement Foundry

A resilient supply chain is defined by its capacity for resistance and recovery; having the capability to minimize the impact of disruption; and the ability to recover quickly. Even when the current crisis subsides, there will always be the next one on the horizon, making this a critical component of ongoing planning for corporate executives. Habitually, companies think of the tangible benefits of increasing resiliency as an organizational defense – reducing downtime, limiting productivity loss,

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Watch: What's Happening With Parcel Rates?

Supply Chain Brain

Rick Thomas, senior vice president of business development with GEODIS, offers an overview of current parcel carrier rates and surcharges, and what the coming peak season might look like. .

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How to Realize the Benefits of Supplier Centricity

HICX

The benefits of supplier centricity. As Adam Brown , Procurement Strategy & Digital Transformation at Maersk puts it, “Procurement needs to play the role of enabler, ensuring that it asserts its role in ‘getting the data shaped up,’ and using its insight and expertise to understand the supplier experience in its entirety.” . This means buyers must focus on putting themselves in the shoes of their suppliers in order to understand and remove the painful friction points.

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CMA CGM Nears Deal for New York, New Jersey Container Terminals

Supply Chain Brain

Global Container Terminals’ owners Ontario Teachers’ Pension Plan, IFM Investors and British Columbia Investment Management Corp. have been exploring a sale of the two container terminals.

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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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The Macro-Level Issues Impacting the CPO Right Now: B2B Payments Fraud

CPO Rising

Chief Procurement Officers face a myriad of supply risks from supplier insolvency to union strikes to geopolitical crises to inflation. However, one area of risk that has spiked in recent years but has not been given the depth of coverage that it warrants is fraud. Fraud is our fourth macro-level challenge that CPOs must address […].

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Kroger Raises Profit Outlook as Regulators Weigh Albertsons Purchase

Supply Chain Brain

For Kroger, the next year is critical as it awaits the outcome of its proposal to buy Albertsons for $24.6 billion. .

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SEKO Logistics leverages assisted picking solution

SCMR (Supply Chain Management Review)

GreyOrange partners with SEKO to help provide efficient peak-time operations.

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ALOM to manage Tivic Health product supply chain

SCMR (Supply Chain Management Review)

Major benefits expected to be cost reductions and improved scalability.

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.