Tue.Dec 20, 2022

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Contract Lifecycle Management Software — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Contract Lifecycle Management Software — The Ultimate Guide of 2023. Integrating contract lifecycle management software is one of the best ways to manage contracts in a company. However, what is it? In this article, we will discuss what contract lifecycle management software is.

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How automated fulfillment delivers for your business

Strategic Sourceror

It's difficult to pinpoint the most important department when it comes to everything that goes on in the warehouse but a case can be made for fulfillment. During the pandemic, when lockdown measures created staffing shortages just as demand for consumer goods skyrocketed, fulfillment was overwhelmed with orders, creating shipping delays that persisted for months.

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Trending Sources

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How to Bring More Spend Under Management

Una

How to Bring More Spend Under Management. By Hugo Britt | December 22, 2022. Pocurement professionals apply the term spend under management to measure and communicate their team’s impact on the organization at large. While the definition can vary, it’s generally defined as the percentage spend that falls under procurement’s management. Some organizations define SUM as any spending that leverages preferred supplier contracts.

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Rail regulators streamline process for shippers to challenge unreasonable rates

Supply Chain Dive

The Surface Transportation Board will decide a final rate in small disputes unless all seven Class I carriers agree to opt into a voluntary arbitration 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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Hiring for Procurement in the Project Economy

Una

Hiring for Procurement in the Project Economy. By Hugo Britt | December 20, 2022. The shift to the project economy has been so subtle that perhaps you haven’t noticed it happening. But the reality is that project-based organizational structures are replacing top-down, role-based hierarchies in businesses of every size. Ask yourself if you’ve noticed any of the following trends in your workplace.

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A tidal wave of inventory walloped retailers in 2022

Supply Chain Dive

Shortages gave way to excess this year. Here’s how businesses pivoted in the face of declining consumer demand and easing supply chain congestion.

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Exxon Is Avoiding Tankers That Previously Transported Russian Oil

Supply Chain Brain

Moves by big firms such as Exxon and Shell are increasing the pressure on owners to choose between serving Russian and non-Russian interests.

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The Coupa timeline – From foundation to Thoma Bravo, analysis and breakdown

Spend Matters

Categories: Industry News , Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers Tags: EU , mergers and acquisitions On December 12, 2022, Coupa announced that it had entered into an agreement with Thoma Bravo to be acquired. This article serves to take a high-level look back at Coupa’s life as a company thus far, with links to our previous coverage, as well as to provide a brief analysis of its time as a public company.

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Taiwan Export Orders Flash Warning Signal for Global Economy

Supply Chain Brain

Taiwan’s orders for all major product categories fell, with optical products, plastics and basic metals registering the biggest contractions.

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What Is Contract Lifecycle Management (CLM) and Why Is It Important?

ContractSafe

Contract lifecycle management isn’t a great dinner party topic. But the success of your business could depend upon doing it well.

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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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US agency cites Amazon for recordkeeping violations on worker injuries, illnesses

Supply Chain Dive

The e-commerce giant has faced various safety complaints over the years, and an investigation at six warehouses in five states is ongoing.

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Forced labor compliance series: Regulations and procurement’s role

Spend Matters

Categories: CSR , Procurement Strategy & Planning , Supply Chain Management , Sustainability Tags: CSR , ESG series , EU Because of its traditional status as an afterthought, procurement often engages with the world in a reactive manner. However, as procurement becomes ever more important in the running of a company, the people involved need to think about putting in place proactive processes and tools to deal with the complexities of the world as it is and as it is changing.

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Ryder grows Chicago area capacity with new distribution center

Supply Chain Dive

A nearly 550,000-square-foot facility will be the company’s tenth multiclient site when it opens in early January.

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Watch: Preparing for Record Increases in Parcel Rates

Supply Chain Brain

Rate increases announced by FedEx for 2023 are the largest in history, says John Haber, chief strategy officer at Transportation Insight. Shippers and consumers need to prepare now.

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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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GXO to close Wisconsin warehouse in February

Supply Chain Dive

The logistics company will cease operations at the facility and lay off over 100 workers.

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Shop Floor to Top Floor: Strengthening the Digital Thread for More Agile Supply Chains

Supply Chain Brain

Manufacturers at the start of their modernization journey have the most to gain from upgrades to their data management and automation processes.

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The Recipe for Perfect Procurement Transformation with Transport for London’s CPO, Jonathan Patrick – Episode 67

Procurement Talk with David Byrne

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Listen on Amazon Episode show notes “We often create a list of 12 things, but if you focus on the one thing that makes the biggest difference, you’ll be more successful than having a big shopping list.” ITV, … Continued. The post The Recipe for Perfect Procurement Transformation with Transport for London’s CPO, Jonathan Patrick – Episode 67 appeared first on Talent Drive.

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Lauren Beagen on Protecting and Empowering Women in the Maritime Industry

Let's Talk Supply Chain

As supply chain disruption has maintained a maddening crescendo over the past few years, empowering women in the maritime industry is coming clearly into focus as the need for more strategic leadership grows. From port congestion to worker shortages and labor negotiations to ESG changes, shipping is front-and-center in the ongoing dialogue around logistics.

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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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Procurement in 5-Minutes: What are the five “Golden Rings” of procurement Christmas?

Sourcing Solved

Procurement in 5-Minutes. We live and work in a busy world in which there is little time to read, watch or listen beyond the headlines. Hello, my name is Iain Campbell-McKenna, and this is “Procurement in 5-minutes.” That’s right, in 5-minutes, I promise to tackle some of the biggest challenges and deepest questions our profession and industry face on a day-to-day basis.

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The Recipe for Perfect Procurement Transformation with Transport for London’s CPO, Jonathan Patrick – Episode 68

Procurement Talk with David Byrne

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Listen on Amazon Episode show notes “We often create a list of 12 things, but if you focus on the one thing that makes the biggest difference, you’ll be more successful than having a big shopping list.” ITV, … Continued. The post The Recipe for Perfect Procurement Transformation with Transport for London’s CPO, Jonathan Patrick – Episode 68 appeared first on Talent Drive.

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The Top Digital Investment Priority for 2023

Art of Procurement

Recognizing and being able to articulate the ‘why’ behind any business decision is key to realizing the desired ROI, and. The post The Top Digital Investment Priority for 2023 appeared first on Art of Procurement.

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New report on global flows focuses on resilience

SCMR (Supply Chain Management Review)

McKinsey Global Institute says the future challenge is to harness benefits of interconnectedness despite risks and downsides of dependency.

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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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Amazon Agrees to Settle EU Antitrust Cases, Avoiding Fines

Supply Chain Brain

The agreement clears a cloud hanging over Amazon’s online business in Europe. The company says it disagrees with several of the EU’s allegations about its practices.

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What Is Contract Management in Healthcare? (+5 Benefits)

ContractSafe

Behind every great hospital, there’s a team of administrative wizards keeping the whole ship afloat.

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Congress Gives Boeing a Reprieve on 737 Max Cockpit Changes

Supply Chain Brain

Two new versions of the jet can now be certified without major modifications, but safety changes are required on all Max models.

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Ivalua Partners with Hillenbrand to Centralize its Data and Improve Visibility across its Supply Base

ivalua

Redwood City, CA, December 20, 2022. Ivalua, a global leader in spend management , today announced that Hillenbrand, Inc. (NYSE: HI), a global industrial company, has selected Ivalua to centralize its supplier communication, contract data, and help consolidate best-in-class procurement processes. Hillenbrand required a platform to centralize supplier communication, contract data, and support its growth while providing the basis for future scalability into Procure-to-Pay (P2P).

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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.