Wed.Sep 28, 2022

article thumbnail

Money isn’t enough in the race for talent, new report data shows

Procurement Heads

As businesses across the country face rising costs, new research from the CIPD and Omni warns that using pay to attract talent simply isn’t enough to tackle ongoing skills shortages. While an increasing number of organisations (54%) are inflating pay to retain talent, this approach is not sustainable for most employers in the face of rising costs. To tackle the skills shortage, organisations need to highlight other components of good working practices when recruiting, such as offering flexible w

Data 130
article thumbnail

7 Key Trends of Strategic Sourcing

ProcurePort

• In today’s business environment, a strategic sourcing strategy is critical for optimal operations. Businesses need to formalize the manner in which they gather and use information that informs their procurement activities. • Strategic sourcing takes a long-term and proactive view of a company’s purchasing activities. It seeks to consolidate purchasing power, develop useful relationships […].

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

APSCo welcomes IR35 repeal in Chancellor’s Budget

Procurement Heads

“The Chancellor’s Mini Budget promised to be one that drives growth for the UK and it’s clear that the Truss administration is powering ahead with an extraordinary range of changes to boost the economy. The planned repeal in April 2023 of the Off Payroll legislation is a welcome move. APSCo has long called for a review of the measures which have dramatically reduced the flexibility of the skilled independent labour market since they were introduced in 2017 and 2021.

article thumbnail

Walmart is Making Its First Move into the Metaverse with Virtual Worlds on Roblox

Supply Chain Brain

The retailer will unveil two immersive experiences on Roblox Corp.’s virtual platform. Walmart Land will feature fashion, beauty and entertainment items, while Walmart’s Universe of Play will showcase toys, the company announced.

98
article thumbnail

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.

article thumbnail

Money isn’t enough in the race for talent, new report data shows

Procurement Heads

As businesses across the country face rising costs, new research from the CIPD and Omni warns that using pay to attract talent simply isn’t enough to tackle ongoing skills shortages. While an increasing number of organisations (54%) are inflating pay to retain talent, this approach is not sustainable for most employers in the face of rising costs. To tackle the skills shortage, organisations need to highlight other components of good working practices when recruiting, such as offering flexible w

Data 130
article thumbnail

Bosses Can Beat the Tight Labor Market by Tearing the Paper Ceiling

Supply Chain Brain

Over 70 million workers in the U.S. have developed skills through military service, or by attending community college or other training programs, disproportionately people of color, veterans or from rural areas.

98

More Trending

article thumbnail

Maiden Flight for DHL’s First-Ever Fully Electric Plane

Supply Chain Brain

"Alice" lifted off Sept. 27 at 7:10 am local time from Grant County International Airport (MWH), flying for a total of eight minutes and reaching an altitude of 3,500 feet.

98
article thumbnail

Episode 84: Tackling the Trends of Quiet Quitting and Firing with Kris Lance

Una

Episode 84: Tackling the Trends of Quiet Quitting and Firing with Kris Lance. By Kelly Barner | September 28, 2022. There are always prevailing trends in talent management, but they seem to be higher profile in the wake of the pandemic. First was the Great Resignation, and now we’re all talking about (and looking for examples of) quiet quitting and quiet firing.

article thumbnail

The Unstoppable Digitization of Global Logistics

Supply Chain Brain

Changes brought on by COVID-19, resource shortages and heightened demand for goods have all increased awareness about the value of global logistics digitization, and accelerated its impact.

Logistics 102
article thumbnail

The Best Ways to Track Sales Performance!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What Gets Measured Is What Gets Done! Keeping track of your sales performance might sound simple, but the details can be complicated without the right tools. As a manager or leader, you need to have a good grasp of the key performance indicators for your company so that you make logical, insightful decisions for the benefit of your company.

article thumbnail

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?

article thumbnail

Shipper initiative targets zero emission trucking fleets by 2040

Supply Chain Dive

Ikea, Unilever and Maersk are among the founding members of a push to phase out the heaviest, most polluting freight vehicles.

107
107
article thumbnail

Interos: Vendor Analysis — Supply chain risk management solution overview, competitors, tech selection tips, analyst summary

Spend Matters

Categories: Category Management , Procurement Systems & Architecture , Supply Chain , Supply Chain Management , Supply Risk Management Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Interos, a supply chain risk management (SCRM) solution built to map and model a live global view of a company’s business ecosystem. More than ever, today’s business world is characterized by volatility, uncertainty, complexity and ambiguity (VUCA).

article thumbnail

Factors to Consider Before Redesigning Your Website!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Make Your Website Visible and Trustworthy! No business can stay afloat in the modern market without a website. Most active consumers are already online, buying products and services via web channels. Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website.

article thumbnail

DHL Supply Chain deepens robotics partnership ahead of peak season

Supply Chain Dive

Tech from Locus Robotics will help fulfill orders for apparel company Carhartt.

article thumbnail

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

article thumbnail

A Thoroughly Flexible Attitude in the Warehouse Will Attract and Retain Workers

Supply Chain Brain

Flexibility in the workforce isn't going away; it’s where the trends are headed. Warehouse managers need to pay heed.

article thumbnail

Automated three-way matching eliminates PO-to-invoice reconciliation challenges

Spend Matters

Categories: Accounts Payable , Invoicing , Requisition / PO Management , Sponsored Article , Technology Tags: AP , Sponsored Article Three-way matching involves a third step of cross-referencing a PO and respective invoice to a delivery receipt. The addition of a delivery receipt further assists AP organizations by comparing quantities purchased, invoiced and received as well as rooting out fake invoices.

article thumbnail

Hostess nabs Kimberly-Clark exec as chief supply chain officer

Supply Chain Dive

The Twinkies maker is looking to enhance productivity after struggling with supplier delays and ingredients shortages.

article thumbnail

Demand for steel slows, triggering a drop in prices

Strategic Sourceror

For the better part of two years now, product, part and piece shortages have been the norm for a broad variety of industries and throughout the supply chain. But one material that there is plenty of is steel. Because of the glut, some of the United States' largest steelmakers are poised to pull back on production to avoid cost overruns. According to global markets firm CME Group, sheet prices dropped in August compared to July , continuing a month-over-month downward trend in what it costs t

Price 62
article thumbnail

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.

article thumbnail

Beam Suntory to invest $400M in sustainable expansion of Jim Beam distillery

Supply Chain Dive

The project will increase the Kentucky facility’s capacity by 50%, while cutting its greenhouse gas emissions in half.

article thumbnail

Vendor Collaboration: How to Thrive in the Face of Volatility

Solvoyo

Vendor collaboration is a joint effort that creates a competitive advantage for every stakeholder. It reduces overall costs, errors, and inefficiencies for everyone involved. A collaborative supply chain lets businesses grow together with vendors while improving efficiency and visibility of the supply chain. The post Vendor Collaboration: How to Thrive in the Face of Volatility appeared first on Solvoyo.

article thumbnail

Fraxion earns coveted spot as a spend management Category Leader on GetApp

Fraxion

We are excited to announce that Fraxion has been named a Category Leader on GetApp in the spend management software category for 2022! This accolade would not be possible without the product reviews and feedback, shared by our valued customers and the combined efforts of our dedicated team who develop and support the software.

article thumbnail

Vendor Collaboration: How to Thrive in the Face of Volatility

Solvoyo

Vendor collaboration is a joint effort that creates a competitive advantage for every stakeholder. It reduces overall costs, errors, and inefficiencies for everyone involved. A collaborative supply chain lets businesses grow together with vendors while improving efficiency and visibility of the supply chain. The post Vendor Collaboration: How to Thrive in the Face of Volatility appeared first on Solvoyo.

article thumbnail

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.

article thumbnail

[NEW] WhatsApp Customer Support Channel

Procurement Express

You might not know this about us, but our number one company value is “WOW the customer.” So, what does that look like for the support team? We always aim to go the extra mile for our people. We’re on a mission to respond to your queries as soon as possible so you can keep focused on what you do best. We think our customer service is already pretty good, but because we’re always striving for excellence, we came up with a new idea that will make things even easier for you&

Quality 52
article thumbnail

Becoming Commercial Architects with Amazon Fresh’s Head of Procurement, Rob Turner – Episode 65

Procurement Talk with David Byrne

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Listen on Amazon Episode show notes “You need to become the commercial architect, as opposed to the person that sends out the RFP and spends hours on Excel trying to analyse the responses of those prices.” As procurement … Continued. The post Becoming Commercial Architects with Amazon Fresh’s Head of Procurement, Rob Turner – Episode 65 appeared first on Talent Drive.

article thumbnail

[Update] New features and fixes in ProcurementExpress.com

Procurement Express

We released version 2.2.19 of our web application on the 22nd of September 2022, which contained mainly fixes to recent issues faced by our customers. In fact, we have decided to focus on fixing those pesky bugs for the next few months and keep the addition of new features to a minimum. We’re looking forward to seeing the results of these improvements and we’ll keep you updated on the progress.

article thumbnail

U.S. Goods-Trade Gap Narrows to Smallest Since October 2021

Supply Chain Brain

The shortfall shrank 3.2% to $87.3 billion last month, Commerce Department data showed Sept. 28, suggesting a tailwind for economic growth in the third quarter.

Data 52
article thumbnail

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.

article thumbnail

[NEW] WhatsApp Customer Support Channel

Procurement Express

You might not know this about us, but our number one company value is “WOW the customer.” So, what does that look like for the support team? We always aim to go the extra mile for our people. We’re on a mission to respond to your queries as soon as possible so you can keep focused on what you do best. We think our customer service is already pretty good, but because we’re always striving for excellence, we came up with a new idea that will make things even easier for you&

Quality 52
article thumbnail

JAGGAER Extends Ecosystem to Enable Smarter Procurement Strategy Backed by Category and Supplier Intelligence from Beroe

Jaggaer

The post JAGGAER Extends Ecosystem to Enable Smarter Procurement Strategy Backed by Category and Supplier Intelligence from Beroe appeared first on JAGGAER.

article thumbnail

Logistics Teams Need to Rethink Contract Models in an Unpredictable Economy

Supply Chain Brain

Businesses need to rethink how they renegotiate contracts — on an as-needed basis rather than a time-based schedule — to optimize deals for both sides.

article thumbnail

3 Easy Steps to Automate the Purchase Order System on Orderhive

Orderhive

The post 3 Easy Steps to Automate the Purchase Order System on Orderhive appeared first on Cin7 Orderhive.

article thumbnail

How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,