Thu.Sep 08, 2022

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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 RFP process: The ultimate step-by-step guide

RPF360

While incredibly important, the RFP process is often complex and time-consuming. But with the right approach and resources, you can speed up the process and feel more confident managing RFPs. The post The RFP process: The ultimate step-by-step guide appeared first on RFP360.

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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 to Manage Supplier Risk and Performance in an Uncertain Global Economy

ivalua

Originally published on Risk Management Monitor. Essentially every company that manufactures goods today depends on other companies to supply the raw or value-added materials that go into their finished products. Most companies recognize that good supplier relationships are more than simply arm’s length transactions between opposing parties. A better way of looking at those relationships is as partnerships—albeit ones that require management and alignment of objectives first and foremost, but ul

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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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Strategic Procurement and Supply Chain Management: What is it?

ProcurePort

• Strategic procurement refers to a long-term plan to enhance the supply of specific goods and services essential to meeting an organization’s core objectives. • Strategic procurement captures a range of activities aimed at reducing costs, minimizing the supplier base, improving communications, and handling negotiations with various stakeholders – especially vendors.

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The Importance of HR in Supply Chain Management

All Things Supply Chain

From the outside, it would seem that your Human Resources (HR) department should have little to do with supply chain management, especially if you use a third-party distribution company.

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Building Resilience and Managing Risk in the Global Supply Chain

Supply Chain Brain

Supply chain managers need access to real-time information about all variables in the supply chain, which means they need unprecedented levels of transparency. .

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5 Actions to Improve the Workflow of Your Fleet!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Insights for Managing Your Fleet Strategy! Many businesses rely on vehicle fleets to deliver their products or services to customers. For this reason, an efficient, well-organized fleet is key to maintaining a good workflow. While there are many things businesses can do to improve the workflow of their vehicle fleets, one of the most important is to have a vehicle tracking system.

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Survey: Most Suppliers Experience "Operational Friction" When Serving Manufacturers

Supply Chain Brain

A survey conducted by HICX, a supplier experience platform provider, revealed that most suppliers are struggling to put their best foot forward for major manufacturers.

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Inflation Reduction Act could shift EV battery composition: report

Supply Chain Dive

Global markets for critical materials are likely to remain tight. “We expect virtually every commodity to be undersupplied beyond 2025,” new research from BofA Global states.

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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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Labor Secretary Joins Rail Negotiation Session at National Mediation Board

Supply Chain Brain

Negotiators from the two sides are slated to again meet with the Mediation Board Sept. 8 and Sept. 9, in an effort to avert a strike or lockout on Sept. 16, when the current 30-day cooling off period ends.

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5 Best SmartLink CPA Networks and their Features!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Make Your Website Visible and Trustworthy! A professional affiliate knows that to increase conversion, one needs to show the visitor an interesting product or service. To do this, it is necessary to segment the audience, which takes a lot of time and requires many expenses. However, the problem is solved: just use a SmartLink CPA network.

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Introducing Pivotree Warehouse Management System

Supply Chain Brain

Jim Brochu, general manager of supply chain with Pivotree, details the benefits of the company's new warehouse management system.

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The future of procurement is strategic, sustainable, responsible and ethical

Spend Matters

Categories: Conferences , Innovation , Learning / Research , Procurement , Procurement Strategy & Planning , Sponsored Article , Suppliers , Supply Chain , UK/Europe Tags: EU , Sponsored Article The resilience of global supply chains has been put to the test like never before in recent years and the pressure continues. Issues such as Brexit, the pandemic, the war in Ukraine, global shortages from semiconductors to labor and now an energy crisis, have created logistical as well as economic tu

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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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OnTrac and DHL’s e-commerce unit roll out peak season surcharges

Supply Chain Dive

The parcel carriers join larger competitors like FedEx and UPS in adding home delivery fees for shippers during the holidays.

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Mitigating Supply Chain Cyber Attacks

Value Match

Categories. Best Practice Guides. Bid Management. Business. Case Study. Circular Economy. Community Story. Contract for Change. Cyber Security. Environment and Climate. Equality and Inclusion. Government Buying Standards. House of Commons Committee of Public Accounts. Human Rights and Modern Slavery. Legislation. National Audit Office Reports. News.

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Campbell sees improved supply after months of constraints

Supply Chain Dive

The company has worked to address labor and material shortages in recent months, helping it restart promotions across certain brands.

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“Supply Chain” Added in Merriam-Webster’s Latest Dictionary Additions

Supply Chain Brain

About once a year, Merriam-Webster adds new words to the dictionary. This September, 370, including "supply chain," made it in.

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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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Container dwell fee paused at Port of New York and New Jersey

Supply Chain Dive

Officials are rewriting the tariff after receiving input from ocean carriers.

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Risk Vendor Profiles (Part 5): Contract risk-monitoring solutions — Conga, DocuSign Insight, Icertis, LegalSifter, SirionLabs

Spend Matters

Categories: Analytics , Contract Management , Risk Performance and Compliance , risk-compliance-management , Supply Risk , Supply Risk Management , Technology Tags: PRO This Spend Matters PRO analysis is the fifth in our 7-part series on Risk technology solutions and services vendors, focusing on organizations' increasing need to manage and mitigate risk scenarios.

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U.S. Transportation Secretary Buttigieg Announces $20 Million Federal Grant to Port Of Los Angeles

Supply Chain Brain

The port said the infrastructure investment, along with funds from the Jobs Act, will support rail-roadway separation to improve truck access and speed cargo flow through the area.

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Survey: Most Suppliers Experience “Operational Friction” When Serving Manufacturers

HICX

According to a survey conducted by HICX, a supplier experience platform provider, 61% of suppliers are struggling to put their best foot forward for major manufacturers, presenting an opportunity for brands to improve supplier experience and boost competitiveness. The “ Voice of the Supplier ” survey, released Sept. 6, revealed that most suppliers experience “operational friction” when working with large manufacturers. 61% say it’s difficult to deliver their best for key customers. 60% feel they

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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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Supplier Performance Management: How and What To Measure

Planergy

Clients and results. More Customers. We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Cristian Maradiaga. King Ocean. Book a Live Demo. Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing.

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Newell Brands Says Retailers Are Cutting Consumer-Goods Orders

Supply Chain Brain

The business behind Sharpie markers, Yankee Candle and other consumer products cut its sales outlook for the coming months, highlighting how big disruptions in supply and demand over the past two years are continuing to ripple through supply chains.

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Getting the ‘People Part’ Right: A Sourcing Hero Conversation with Thomas Siersbæk Heller-Njor

Art of Procurement

Earlier this year I was joined on The SourcingHero podcast by Thomas Siersbæk Heller-Njor. He is currently the Founder and. The post Getting the ‘People Part’ Right: A Sourcing Hero Conversation with Thomas Siersbæk Heller-Njor appeared first on Art of Procurement.

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Watch: Unclogging the Retail Supply Chain

Supply Chain Brain

Numerous factors are responsible for congestion in the retail supply chain. Mike Curtin, senior vice president of apparel and soft goods with Logility, explains what companies are doing to overcome those hurdles.

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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.

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Direct vs indirect spend: key differences & how they’re managed

Spendesk

Most company expenses fall under two categories: direct or indirect spend. Also known as direct and indirect procurement, each is distinct yet closely related.

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First Delivery Drone Granted Design Approval by U.S. Regulators

Supply Chain Brain

U.S. aviation regulators have given design approval to the first drone built specifically for package deliveries, a major step forward for the fledgling industry.

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What Is a SKU?

Finale Inventory

Retailers and manufacturers use a variety of identification methods during inventory management. These codes help you organize products and maintain inventory accuracy, which is crucial for business success. One example is a SKU. Inventory professionals use these frequently for various inventory operations. But what does SKU stand for, and how are they used in inventory management?

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How to Ensure Your Business Online Reputation Remains Strong!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Make Your Website Visible and Trustworthy! When running a business in the modern world, it is the case that more and more of it will be conducted online. With this in mind, you certainly need to take all the necessary steps to ensure your online reputation remains as strong as possible.

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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,