Thu.Sep 15, 2022

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How to forecast market trends using procurement data

RPF360

This guest post, exploring how to leverage procurement data, was written and contributed by technology expert Jenn Fulmer of TechnologyAdvice. Over the last few years, supply chains experienced major disruption due to global challenges and fundamental market shifts. While no one could have predicted the specific circumstances and outcomes, we find ourselves now [.].

Data 181
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Understanding The 7-Step Strategic Sourcing Process Flow

ProcurePort

• How can you take advantage of the Strategic Sourcing Process flow to get your organization back on track? • Marketwatch.com informs us that while the United States economy isn’t in a recession, it’s still depressing. However, it’s not all doom and gloom as the economy is on a slow climb out of the chaos […]. The post Understanding The 7-Step Strategic Sourcing Process Flow appeared first on ProcurePort Blog.

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Building Digital Resilience With Supply Chain 5.0

Supply Chain Brain

Some visionaries are predicting a Fifth Industrial Revolution: a reconciliation between humans and machines. This is what Supply Chain 5.0 speculates.

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Air cargo volumes continue dip, but ‘seller’s market’ may soon return: Clive

Supply Chain Dive

August's volume drop was softer than the declines seen in June and July, which could be an early sign of demand and rates picking up as peak season nears.

Demand 113
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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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Managed Logistics Meets Five Challenges for Complex Supply Chain Operations

Supply Chain Brain

Whatever the business — from fast-moving consumer goods to pharmaceuticals or automotive — the success of any enterprise is the result of its vertical market expertise.

Logistics 109
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Redefining the Value Proposition of Procurement

Una

Redefining the Value Proposition of Procurement. By Hugo Britt | September 15, 2022. For Director of Global Sourcing for Medline Industries Brian Chaplin, being a sourcing hero means listening, learning, and taking action. “ It’s about being an active listener, being able to learn… and then driving change. That’s key for me. The people that I think are heroes are able to put aside what they think and truly listen to buyers, purchasing managers , and senior managers, and really learn from t

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How Does Blockchain Advance a Nation’s Monetary System?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How is Blockchain Technology Revolutionary? The latest watchword among knowledgeable bankers is blockchain. This article will assist clarify how or why the system operates and how it is most likely to influence the development of a bank or a nation’s monetary system, for people who are still unfamiliar with the idea.

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Bridging Payment Terms to Manage and Scale Global Trade Amid an Inflationary Economy

Let's Talk Supply Chain

By Nelson Holzner, CEO and Co-Founder of MODIFI. Inflation is sweeping the globe in a way not seen since the 1980s. This, coupled with other external factors like clogged ports, only continues to exacerbate the havoc that disrupts the global supply chain. Exporters now find themselves in a difficult position where they must balance gambling on increased credit risk from buyers, navigating slower logistics and remaining one step ahead of their competition by offering favorable payment terms.

Export 89
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5 Ways to Take Better Photos for Social Media and Digital Marketing!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Promote Social Networks with Content Marketing! Social media is a fantastic environment for businesses everywhere because it puts brands of all sizes on the map and creates strong connections with an audience. When done right, social media marketing and better photos can help increase sales, bring more customers to your website, and get people talking about your products and/or services.

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How does the employee experience affect procurement’s impact?

Art of Procurement

“If only the business would involve us sooner…” How many times have procurement professionals found themselves behind the 8 ball, The post How does the employee experience affect procurement’s impact? appeared first on Art of Procurement.

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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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Lucy Starkey joins Value Match as Head of Resourcing

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.

Bidding 52
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Port of Los Angeles Cargo Volume Eases in August

Supply Chain Brain

After record-breaking cargo volume in 2021 and the first half of 2022, the port of Los Angeles reported that the import surge at the port slowed in August, due to early arrival of holiday goods, and economic concerns.

Import 52
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Top 5 Critical Skills Next-Gen Procurement Leaders Must Develop Now

Zycus Cognitive Procurement

There are a couple of quite interesting facts that prove Procurement to be the captain, guiding the journey to recovery post-crisis. According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile.

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U.S. Manufacturing Output Increases for a Second Straight Month

Supply Chain Brain

U.S. factory production rose slightly in August as resilient business investment more than offset a pullback in the output of consumer goods, consistent with steady manufacturing activity.

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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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Risk Vendor Profiles (Part 6): Compliance/CSR risk-monitoring solutions — Achilles, Avetta, EcoVadis, GRMS, Hellios, IntegrityNext, Transparency-One

Spend Matters

Categories: CSR , ERP , Risk Performance and Compliance , Supply Risk Management , Sustainability Tags: PRO This Spend Matters PRO analysis is the penultimate of our 7-part series on Risk technology solutions and services vendors, focusing on organizations' increasing need to manage and mitigate risk scenarios. Our risk series covers vendors within the following risk categories: Financial Risk & Supplier Risk.

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Watch: Carrier vs. Retailer: Who Holds the Pricing Power?

Supply Chain Brain

Who holds the pricing power in today's transportation market — the carrier or the retailer? Deanna Kaufman, vice president with enVista, describes the shifting dynamic between the two.

Price 52
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Procurement and Finance: Natural Allies? – Chris Argent from GenerationCFO

The Procuretech Podcast

Welcome back to series 3 of the Procuretech Podcast! We bring you the hottest startups, thought leadership and conversation from visionary industry experts, and definitely no stiff corporate content. We’re switching things up a bit for the new series. . We’ll now be releasing episodes twice weekly, and expanding our scope on guests. In the past we’d typically speak to startup founders, CEOs or CMOs of procurement tech companies.

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Zara Owner’s Profit Jumps as Price Increases Outpace Costs

Supply Chain Brain

Inditex SA is increasing prices by more than surging inflation rates, making the owner of the Zara fashion chain a standout among retailers getting hit by higher costs and shaky consumer demand.

Price 52
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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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Sustainable Purchasing — The Ultimate Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. However, this kind of purchasing is important, especially in the supply chain. . In this article, we will talk about what sustainable purchasing is.

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Railroad Unions and Companies Reach a Tentative Deal to Avoid a Strike

Supply Chain Brain

The agreement now heads to union members for a ratification vote, which is a standard procedure in labor talks. While the vote is tallied, workers have agreed not to strike.

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Great Bitcoin Perks for Small Business!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How Has Bitcoin Changed the Educational Landscape! Cryptocurrencies, such as bitcoin and the Ethereum network, allow small businesses to engage with these networks in a way they never could before. Bitcoin perks are a blessing for small businesses that are not capable of availing capital from the traditional banking system due to a lesser revenue of their business.

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HICX raises $30M to give companies visibility into their supply chain

HICX

By TechCrunch’s Paul Sawers. HICX , a supplier experience management platform designed to give companies visibility into their supply chain, has raised $30 million in a round of funding led by U.S. private equity firm Wavecrest Growth Partners and Canada’s Espresso Capital. The funding constituted a mixture of $22 million equity and $8 million in debt.

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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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HICX raises $30M to help companies optimize supplier experience

HICX

HICX, the leading Supplier Experience Management provider, is announcing a $30 million investment led by Boston, US-based growth equity firm Wavecrest Growth Partners and Toronto-based venture debt provider Espresso Capital. HICX’s low-code/no-code SaaS platform and applications enable large companies full visibility into their supplier ecosystems and interactions, building resilient and competitive supply chains.