Thu.May 04, 2023

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Top 10 Procurement Best Practices for Modern Businesses

Empowering CPO

Introduction A. Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time.

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Challenges in Sustainability Faced by Procurement Teams

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Challenges in Sustainability Faced by Procurement Teams Adopting sustainability in procurement has many challenges that the procurement team must address to aim for sustainability. However, what are these challenges? In this article, we will discuss what sustainable procurement is.

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[Pod] Bed Bath & Beyond’s Decline from Superstore to No-more

Art of Procurement

Bed Bath & Beyond was founded in New Jersey in 1971. Popular for its effective use of the ‘superstore’ concept, The post [Pod] Bed Bath & Beyond’s Decline from Superstore to No-more appeared first on Art of Procurement.

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Contract Auditing — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Contract Auditing — Everything You Should Know Contract auditing allows parties to know their obligations and follow them thoroughly. However, what is it? In this article, we will discuss what contract audit means. We will tell you the purpose and the different types of auditing contracts.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Bed Bath & Beyond owes over $95M to these 14 vendors in its supply chain

Supply Chain Dive

The bankrupt retailer has big trade debts to numerous suppliers as well as transportation and other service providers.

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[Pod] Procurement 6 – May 5th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post [Pod] Procurement 6 – May 5th, 2023 appeared first on Art of Procurement.

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How to Manage Risk Using a Group Purchasing Organization

Una

How to Manage Risk Using a Group Purchasing Organization A play-by-play for mitigating risk within your procurement function and the wider organization by utilizing the power of group purchasing. DOWNLOAD PLAYBOOK Manage Risk Using a Group Purchasing Organization Procurement and supply chains carry risk for an organization, ranging from spiraling costs to reputational, operational, and compliance risks.

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Improving Inbound Logistics Through Supplier Visibility

Supply Chain Brain

Managing supply chain risk and resiliency are more than buzzwords, they are what drive us to succeed and by extension the success of the businesses we support. The last three years have shown us that as supply chain leaders we can never prepare enough.

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Remembering Rana Plaza

SCMR (Supply Chain Management Review)

We cannot know all of the regulations and building codes in foreign locations, but we can use common sense and ask common sense questions about our supply chain partners. The collapse of Rana Plaza in 2013 shows us why.

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Four Tips for Complying with the Uyghur Forced Labor Prevention Act

Supply Chain Brain

Deeply embedded in the production and movement of goods around the world, forced labor is notoriously difficult to spot, much less eradicate.

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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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SAP’s Gordon Donovan on the core of services procurement

Spend Matters

Categories: Podcasts , Source to Pay Tags: Podcasts Everything is a service these days. So, with XaaS becoming ever more dominant, procurement gets both the opportunity to help organizations navigate these waters and the challenge to reconsider procurement’s relationship with the broader organization. In this podcast, Pierre Mitchell, Chief Research Officer at Spend Matters, and Gordon Donovan, Global Director for Market Research at SAP, discuss what ‘services procurement’ means when everything

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Driving Sustainable Change in the Supply Chain at Scale

Supply Chain Brain

By engaging trading partners on a sustainability journey, organizations can cascade the expansion of sustainable business practices throughout the supply base

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Supply chain foundation: Building the elusive control tower

SCMR (Supply Chain Management Review)

A control tower can transform supply change management, creating a digital supply chain that is faster, cheaper, and more resilient than the old one.

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Driving Sustainability by Minimizing Distances Traveled in the Warehouse

Supply Chain Brain

Reducing the distance between products and transportation speeds fulfillment, which in turn helps with sustainability efforts.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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TSMC struggles with inventory glut

Supply Chain Dive

The semiconductor producer struggled to lower stock levels in the past quarter, but says AI-related customer demand is helping with “inventory digestion.

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339: Blended – Introverts vs Extroverts: What’s the Difference?

Let's Talk Supply Chain

Welcome back to Blended! It’s episode 32, I’m joined by a brand new panel of fantastic professionals and, today, we’re talking about introverts vs extroverts. Most of us, in our lives and careers, have considered what personality type we are. You might be a self-identifying Type A personality (which I know one or two of my guests today are!) In many workplaces you might even have undergone a personality test, so leadership can get a greater idea of individuals strengths and weaknesses.

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Adform Helps Audi Cut 52% of its Digital Advertising Carbon Emissions

Supply Chain Brain

Adform's programmatic campaign technology decreased Audi’s advertising supply chain carbon emissions by 52% helping the car manufacturer bolster the performance of its ad campaign by 65%.

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Shopify to sell logistics business to Flexport

Supply Chain Dive

The deal, which is expected to close in the second quarter, includes e-commerce fulfillment and order storage provider Deliverr.

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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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A Procurement Framework That Works The Best For Your Business

Procurement Freelancers

To locate and control outside resources for an organisation, procurement is a business administration procedure.… The post A Procurement Framework That Works The Best For Your Business first appeared on Procurement Blog | Procurement & Supply Chain News.

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Who drives the supply chain car?

SCMR (Supply Chain Management Review)

If you were dropped onto this planet and landed at McCormick Place in the heart of Chicago in the middle of March, you would probably conclude that planet Earth had been overrun by robots. Everywhere you turned on the ProMat conference floor, there was a robot lifting something, putting something away, or carrying something to another location.

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Giant Food opens second e-commerce fulfillment center

Supply Chain Dive

The mid-Atlantic grocer will use the 82,000-square-foot facility in Manassas, Virginia, to expand its delivery area to more than 140 ZIP codes in the state.

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Supporting teachers in their STEM skilling journeys

IBM Supply Chain Blog

Three of my four grandparents were teachers. Their love of learning and passion for lighting a spark in their students impressed upon me the power that teachers have to change lives and shape the future. As I’m writing this, I am in Jacksonville, Florida, just a few miles from where my grandmother, Rosalie Gordon-Mills, was an educator for over 40 years in the St.

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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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Mitigating Supply Chain Corruption Risk

Supply Chain Brain

Not only employees can put you at risk, but your partners, suppliers and other third parties can as well, and they usually have less oversight.

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Free STEM resources for teachers from IBM SkillsBuild

IBM Supply Chain Blog

Three of my four grandparents were teachers. Their love of learning and passion for lighting a spark in their students impressed upon me the power that teachers have to change lives and shape the future. As I’m writing this, I am in Jacksonville, Florida, just a few miles from where my grandmother, Rosalie Gordon-Mills, was an educator for over 40 years in the St.

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The Often-Forgotten ‘G’ in ESG: Some Essential Governance Considerations

Supply Chain Brain

Corporate governance driven by top management, and supported by business processes and technology, is fundamental to the establishment of any successful ESG program.

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Have you heard? Something Big Is Coming To Supply Chain

Let's Talk Supply Chain

Have you heard? Something Big Is Coming To Supply Chain When you’re looking for cutting-edge resources on innovation and trends across supply chain, where do you go? What about when you’re on a mission to find like-minded professionals and cultivate relationships that go beyond emoji reactions? And what about when you’re trying to generate leads, build campaigns and get ahead of the game in the unique world of supply chain marketing?

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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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Adapting Demand Forecasting for a Post-pandemic World

Supply Chain Brain

The growing role of artificial intelligence and machine learning have enabled retailers and CPGs to create forecasts that allow them to stay ahead of ever-changing demand.

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BSI Report Reveals Progress and Challenges Faced by UK Businesses in Achieving Net Zero Target

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 Procurement Best Practice Procurement Policy Notes Procurement Strategy Public Sector Library Public Sector Policy Resourcing Responsible Organisational Management S

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How to Fight Forced Labor in the Supply Chain

Supply Chain Brain

The enormity of the exploitation of human labor across the globe is staggering. Yet there are actions that business leaders can take right now.

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Building strategic and sustainable competitive advantage with supply chain resilience

Jaggaer

The post Building strategic and sustainable competitive advantage with supply chain resilience appeared first on JAGGAER.

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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.