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When it comes to ESG, there have been growing murmurs of discontent recently as political figures – predominantly in the US – attempt to push back on its growing influence. The arguments, which I won’t explore in detail here, are focused around whether markets are being manipulated and whether investors and corporations are being forced down a particular route unwillingly due to the reach of increasing regulation.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Shein plans to sell supply chain technology to companies around the world, raising fears that sensitive logistics and customer information could be seized by the Chinese government.
EDITOR’S NOTE: As a voracious reader, I have read almost every book under the sun relating to business and prime-time executive superstars. I have interviewed many of these authors on my radio show. While each has its own unique approach to achieving life, business, and career success, there is an element of similarity across all of them. That similarity stops with this book.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
EPISODE 173 Savings Start at Home with Omid Ghamami By Kelly Barner | July 10, 2024 When procurement needs to deliver savings, the reflexive response is usually to go to market, approaching suppliers for discounts or putting a contract out to bid. While this approach works, the results often pale in comparison to what procurement can deliver by having internal conversations about specifications, requirements, and projected demand.
Many may overlook this, but etiquette is key to a successful conclusion of contract negotiations. Some may even say etiquette would “soften” one’s negotiation power. That is not the case. The Power of Etiquette in Contract Negotiation What happens psychologically when the other side does not employ etiquette? Here are some examples: The Risks of Relying on Contract Templates Contract templates and a legal department with political power can make you lazy in procurement.
Drug shortages in the U.S. have reached an all-time high. A total of 323 shortages were reported during the first quarter of 2024, suggesting that previous strategies had failed to reverse the trend.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Inventory management is a key aspect of running a successful ecommerce business. It involves keeping track of your stock levels, knowing when to order more inventory, and ensuring that you have enough products to meet customer demand. With the right tools and strategies in place, you can streamline this process and minimize the risk of overstocking or running out of items.
In the fast-paced ecommerce sector, effective inventory management is fundamental to the success of businesses. Maintaining the right level of inventory, accurately tracking stock, and optimizing supply chain operations are vital. One powerful tool that helps businesses streamline their inventory management processes is Finale Inventory. This article covers the importance of inventory management in ecommerce, features of Finale Inventory, its implementation, and tips for maximizing its benefits.
Many technologies today are outdated, as they were designed to handle supply chains functioning 30 or more years ago, says Amber Salley, vice president of industry solutions at GAINS.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
Creating a purchase order is a vital step in managing inventory for your ecommerce business. A purchase order serves as a legally binding document between you and your suppliers, specifying the details of the items you need to purchase. With the help of the Finale Inventory software, this process becomes seamless and efficient. This article will guide you through the entire process of creating a purchase order using Finale Inventory.
How spend management software drives process optimization and cost reduction Is the process for purchasing goods and services and submitting expenses manual or paper-based in your company? Does your team spend countless hours chasing approvals, searching for and matching documentation, and manually keying in invoice data? If so, you're not alone.
In this episode of AOP Introducing, Helen Mackenzie speaks with Rose Punkunus, CEO and Founder of Sudozi, a company elevating. The post AOP Introducing… Sudozi appeared first on Art of Procurement.
Direct procurement involves acquiring raw materials and components essential for your production process. Indirect procurement, on the other hand, generally deals with non-complex goods and services that support your operations. This fundamental difference raises a crucial question: does direct procurement need its own tech stack? Standardised procurement software suites often cater to source-to-pay (S2P) and source-to-contract (S2C) functions with a strong bias towards use cases in indirect pro
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
In the fast-paced ecommerce industry, effective inventory management is key to the success of any online business. One challenge that ecommerce businesses often face is handling obsolete inventory. This article will discuss strategies for managing obsolete inventory in Finale Inventory, a popular inventory management solution for ecommerce businesses.
Entek's new facility will be built in Terre Haute, Indiana, and will be able to manufacture enough battery separators to support nearly two million mid-size EVs.
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