ABC of Procurement
FEBRUARY 20, 2023
Here is a story I would like to share with you from my career. This time we talk about bartering instead of direct payments. The post Bartering on a large scale first appeared on ABC of Procurement.
Procurement Heads
FEBRUARY 20, 2023
Decarbonisation Supply Chain Volatility Trade Protectionism Decarbonisation The Industrial sector is responsible for 40% of global energy consumption and 30% of all greenhouse gas emissions. The top of the agenda for procurement is to deliver decarbonisation, particularly through Scope 2 emissions (indirect from purchased energy) and Scope 3 emissions (indirect from purchased materials and services).
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Supply Chain Brain
FEBRUARY 20, 2023
There’s still much to be done to enable operators to take full advantage of the immense amounts of data being collected at every moment of the day within distribution centers.
SCMDOJO
FEBRUARY 20, 2023
Want to streamline your distribution operations? This guide provides you with all the tools you need to make significant positive changes in a few simple steps. Don’t forget to check out our best practices , tools , and a list of helpful supply chain resources on the website! The field of distribution operations is rapidly evolving with the rise of eCommerce, with fierce competition between distributors.
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.
Procurement Bulletin
FEBRUARY 20, 2023
Aldi’s Sets Up More Local Distribution As businesses begin to diversify their supply chain risks as exposed over the last few years, Aldi’s, the grocery chain, has opened a new distribution facility in Loxley, Alabama. This new facility is set to serve 100 of their stores in the Gulf Coast area. Biden Looking to Promote Clean Energy Manufacturers As ESG goals gain more focus from business executives, US President, Joe Biden, is offering a $10b tax credit for clean energy manufacturer
Negotiations Ninja
FEBRUARY 20, 2023
Does evoking an emotional response make your argument more persuasive? If you can create a condition where someone is more afraid of something happening, does it become easier to make a decision?
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Brain
FEBRUARY 20, 2023
Amazon.com Inc. warned distributors in Europe that it will cease ordering from them next year in favor of buying products directly from brands, an effort to stem losses by cutting out some middlemen.
Spend Matters
FEBRUARY 20, 2023
Categories: Procurement Systems & Architecture , Supply Chain Visibility Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Circularise, a blockchain-based traceability solution that helps companies trace products and materials to verify their origins, certificates, CO2 footprints and other material data. The solution provides digital product passports that could address the demands of consumers and regulators for proven sustainability in complex supply chains, such
Supply Chain Brain
FEBRUARY 20, 2023
Following are three ways in which 3PLs are optimizing cross-border distribution.
Empowering CPO
FEBRUARY 20, 2023
Helping their companies gain a cost-competitive advantage over their competitors is what is expected of a truly efficient Procurement Organization. For Procurement Organizations to truly become a strategic arm of their companies, some of the following are expected from them: Continuous Cost Reduction: They should be more efficient than their competitors in terms of buying goods and services, and their rates should be more efficient than their competitors.
Advertiser: GEP
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?
Supply Chain Brain
FEBRUARY 20, 2023
A little-known federal agency in charge of stockpiling vaccines and mobilizing supplies in health emergencies is being reorganized to apply lessons learned in the Covid pandemic.
Empowering CPO
FEBRUARY 20, 2023
The objective of Spend Taxonomy Review: Spend Taxonomy presents the spending of an organization in a hierarchical format. This hierarchy is based on levels, usually, it ranges from 3 to 5 levels. Depending on the complexity of their spending the classification structure is created. They are usually in the following format: Level 1 (Group), Level 2 (Family), Level 3 (Category), and Level 4 (Commodity); where Level 1 is the highest level which is broken down into Families and Families, in turn, ar
Procurement Talk with David Byrne
FEBRUARY 20, 2023
Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Listen on Amazon Episode show notes “Ultimately, the challenges for a procurement function are very similar, but going into a different environment helps you grow.” There’s no substitute for the level of depth and breadth of experience that Tracey … Continued The post Diversifying Skills and Specialisms on an International Scale with Tracey Williamson – Episode 69 appeared first on Talent Drive.
Empowering CPO
FEBRUARY 20, 2023
With the increasing realization of the impact of Global Warming and Carbon Footprints along with stringent regulations, it has become very critical for any organization to focus on Green Procurement in order to establish a positive image in the minds of consumers. It does not require too much effort to attain sustainability goals. Even minor changes in the current working scenario and buying options can lead to lower Non-Renewable energy consumption or Green House Gas emissions and help in achie
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
Supply Chain Brain
FEBRUARY 20, 2023
Biogen Inc.’s new chief executive officer outlined some of his first steps toward his vision for the biotechnology company with plans to boost investment in new drugs the company is developing for Alzheimer’s disease, lupus and other illnesses.
Empowering CPO
FEBRUARY 20, 2023
Relocation Industry: The Current Scenario The economic slowdown has had a huge impact on the entire relocation industry. The companies looking to relocate their employees are yet to recover completely. The companies are still looking at better ways to manage their relocation costs and the associated risks. As a result of this endeavor of the companies and the relocation service providers, there has been a lot of debate recently on the type of relocation policies that will be most suited for the
Barkers Procurement
FEBRUARY 20, 2023
Strategic procurement is the process of acquiring goods and services in a way that aligns with the overall goals and objectives of an organisation. It involves taking a long-term view of the organization’s needs and making informed decisions about what to purchase, from whom, and at what cost. There are several critical elements of strategic procurement: Clearly defined goals and objectives.
Empowering CPO
FEBRUARY 20, 2023
What is Lotting Strategy? Negotiation is one of the key steps during any Strategic Sourcing process. Procurement organizations and sourcing companies adopt different methods to negotiate prices with vendors. However, with the advancement in technology and availability of various online tools, Reverse Auction is one of the most frequently adopted methods these days.
Advertiser: GEP
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.
CPO Rising
FEBRUARY 20, 2023
Presidents’ Day is one of 11 federal holidays in the United States, and its origins can be found dating all the way back to the death of George Washington in 1799. President Washington was celebrated for his contributions to the founding of this country, and his birthday, February 22, became a day of remembrance.
Empowering CPO
FEBRUARY 20, 2023
As is true the objective of every strategic sourcing project is to reduce the total cost of ownership. In fact, in today’s competitive environment, Chief Procurement Officers (CPOs) have to achieve very tight targets in terms of ($) savings. Depending on the maturity phase of the industry in which they exist these targets can range from as low as 1% of the overall spend to as high as 6% of the overall spend.
Empowering CPO
FEBRUARY 20, 2023
Background Companies these days try to provide any and every support possible to see to it that their employees work in an environment that is hassle-free and which allows them to remain focused on their work. One such support that all companies offer to their field work employees is of providing a vehicle for work-related travel. This support also takes care of all the reimbursements and costs related to the vehicle.
Empowering CPO
FEBRUARY 20, 2023
Sourcing consultants and contract staff for various services and functions is one of the most important challenges faced by category managers. They are required to benchmark the wage rates of the desired roles in order to identify current market rates for specific roles and for a specific region considering the prevalent market dynamics. Along with the wage rate category managers are also expected to review the bill rate and markups that are quoted for consultants and temporary staff.
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