Thu.Jul 28, 2022

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Exploring lean procurement: Meaning, process and example

RPF360

Lean procurement means exploring processes to eliminate waste, improve efficiency and accelerate results. Explore how to get started in this blog that includes key definitions, background and an example of how to put lean procurement into action with RFP automation. The post Exploring lean procurement: Meaning, process and example appeared first on RFP360.

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What is Accounts Payable? (Definition, Process & Examples)

ProcurePort

• Accounts payable reflect the amounts owed by a company to its creditors or lenders, usually suppliers or vendors of specific products or services. •Accounts payable AP refers to a company’s obligation to its suppliers – its formal documentation warranting payment from the buyer, mostly business in a contractual agreement with a supplier or vendor. […].

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Why Suppliers Must Be Part of Cyber-Risk Strategy

Supply Chain Brain

Cybersecurity risks are rising fast, and it’s not enough for you to secure your data and IT systems within the four walls of your enterprise; you need to make sure your suppliers are not exposing you to attacks as well.

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Supplier Registration – Goals, Benefits & Challenges

SCMDOJO

The purchasing department purchases different types of goods and services. However, when you buy something, you may not always know all the suppliers that offer a particular product. Then the Supplier registration form comes in handy. You probably only know a handful of providers. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices.

Suppliers 118
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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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U.S. Sees Union Boom Despite Employer Opposition

Supply Chain Brain

After years of decline, the American labor movement is experiencing a resurgence — with an increase in popularity of unions and of workers organizing.

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Inflation is giving retailers inventory headaches

Strategic Sourceror

Increased levels of inflation might be a global concern, but a slowdown in consumer spending is forcing retailers to make significant price reductions on existing inventory. And while this is good news for the average consumer, there is little doubt that unplanned price reductions will adversely impact the bottom line. CNN reported that Walmart told investors in its latest earnings call that there was a need to apply significant cost reductions to general merchandise such as clothing and big-tic

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Sustainability can never be achieved without our suppliers

Spend Matters

Categories: Sponsored Article , Supplier Collaboration , Supplier Management , supplier networks Tags: Sponsored Article Whether from customers, investors, governments or regulatory bodies, enterprise organizations are facing pressure from all angles to meet ambitious sustainability pledges. With looming deadlines, no clear path to improvement and the need to balance sustainability against other key business goals, the race is on to satisfy these stakeholders and make concrete progress.

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Russia’s Ukraine War Turns Fuel Tankers Into Hot Property

Supply Chain Brain

Russia’s invasion of Ukraine has supercharged the price of so-called clean ocean-going tankers, with soaring freight rates prompting companies to rush to purchase rather than rent vessels.

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Prodigo Solutions: Vendor Analysis 2022 Addendum

Spend Matters

Categories: Healthcare Supply Chain Management , Market Intelligence , Procurement Systems & Architecture , Solution Providers , Technology Tags: PRO In this Spend Matters PRO Vendor Analysis Addendum, we provide an update on Prodigo Solutions and its health supply chain management solutions, representing new solution capabilities and growth as of mid-2022.

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Getting to the Core of Product Recalls

Supply Chain Brain

Amid strained supply chains, heightened consumer demand, increased regulatory scrutiny and looming economic factors, companies must monitor for changes and implement clear procedures to ensure product safety in today’s environment.

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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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The 5 Top Learnings from 500 Episodes of Art of Procurement

Art of Procurement

Last week marked a milestone for Art of Procurement: our 500th episode. Art of Procurement has been listened to over. The post The 5 Top Learnings from 500 Episodes of Art of Procurement appeared first on Art of Procurement.

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Container Ship Backlog Grows at Port of Savannah

Supply Chain Brain

A backup of 40 container ships has grown off Georgia’s Port of Savannah, raising fresh concerns that goods arriving for the fall will face new delays as operators scramble to keep shipments moving.

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Supply chain disruption is impacting soccer fans

Strategic Sourceror

The start of a new soccer season in England is always a big deal for clubs and fans alike, but there are concerns that a lack of replica shirts will have an impact on kit-generated revenue. And while the players are unlikely to take to the pitch in last season's shirts, some fans are still waiting for their teams to give them access to branded products.

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5 Key Factors To Consider for Best-of-Breed

HICX

To be successful, organizations need an agreed plan as to how new software is identified, selected, and implemented. By Costas Xyloyiannis, CEO of HICX. Extensive disruption at the beginning of the decade put resilience at the top of the agenda for most organizations. Now, more attention than ever is being placed on how digital procurement solutions can be used to boost agility.

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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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How are Wildfires Disrupting your Supply Chain?

Value Match

Categories. Best Practice Guides. Bid Management. Business. Case Study. Circular Economy. Community Story. Contract for Change. 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.

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Partnering with Procurement to Make Good Things Happen

Una

Partnering with Procurement to Make Good Things Happen. By Hugo Britt | July 28, 2022. The saltwater crocodile is one of the most territorial creatures in the world. The sight of a rival encroaching on its stretch of river will cause a crocodile to leap from lethargy to violence in a split second, and it will not stop until the threat has been driven away or destroyed.