Tue.Jul 19, 2022

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New ONS data released

Procurement Heads

Meanwhile, there are 1.3m vacancies. Let’s flip that, there are 1.3m opportunities. There have been many opportunities in the procurement and supply chain market in the last 12 months, something which shows no signs of relenting and there are a number of reasons for this: Businesses are looking to bounce back from the pandemic Procurement’s profile has never been higher Geopolitical pressures and their impact on supply chains.

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7 Essential Stages of Contract Management Process 

ProcurePort

• Contract management or contract management process cycle is the process of handling and carrying out obligations set out in agreements with third parties. • As a procurement manager, contract management is at the heart of everything you do. At any point, you will be drafting new contracts, scrutinizing proposals, overseeing approvals, following up on […].

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Think Like a Boss: CPOs Need to Step Up, Broaden Approach, Gartner Says

Supply Chain Brain

Chief procurement officers (CPOs) must collaborate with stakeholders inside and outside their organization — and begin thinking and acting like CEOs, say the authors of a new report from Gartner Inc.

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3 Reasons to Develop a Comprehensive Procurement Strategy

Una

3 Reasons to Develop a Comprehensive Procurement Strategy. By Mackenzie Oakley | July 19, 2022. We all know different purchasing scenarios will require us to follow certain processes or have criteria that needs to be met. Because of this, it isn’t necessarily wise to approach procurement with a one-size-fits-all mentality. Developing a comprehensive procurement strategy ensures there is a vision for the sourcing function in place, helps guide procurement professionals through the decision

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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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Three Ways CEOs Should Prepare for Supply Chain Threats

Supply Chain Brain

The right tools and processes will mitigate the impact of supply chain disruptions — and even offer strategic competitive advantage.

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Creating A World Class Supplier Diversity Program: Ten Things To Consider

SpendHQ

The post Creating A World Class Supplier Diversity Program: Ten Things To Consider appeared first on SpendHQ.

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A brief synopsis of the strategic oil reserve

Strategic Sourceror

With the cost of gasoline still flirting with all-time highs, The White House has tapped into the nation's strategic oil reserve in an attempt to drive prices down by bolstering supply. But the strategic petroleum reserve, to many, is somewhat mysterious. Where is it located? When was it established? Who has the authority to draw from it? How much can it hold at once?

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Watch: Time for a Reset of Retail Inventory Strategies?

Supply Chain Brain

The pandemic and resulting congestion in the supply chain have retailers reconsidering their traditional approach to sourcing and inventory management, says Larry Parker, department chair of transportation and logistics management, supply chain management, reverse logistics and government contracting at the Dr. Wallace E. Boston School of Business in the American Public University System.

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Should the Lawsuit Against Skittles Candy Be a Procurement Concern?

Procurement Insights

The July 15th, 2022 Business Insider headline read, “New lawsuit claims Skittles ‘are unfit for human consumption’ due to the presence of chemical toxin the company has said it would stop using.” © Joey Hadden/Insider. The headline and subsequent article regarding the lawsuit filed against Skittles-maker Mars Inc. this past Thursday made me think.

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Industry Organizations Vulnerable to Rail Strike Applaud Biden’s Creation of Emergency Board

Supply Chain Brain

The National Retail Federation (NRF), the American Trucking Associations (ATA) and the Association of American Railroads (AAR) all welcomed President Joe Biden’s announcement July 15 that he had created via executive order a Presidential Emergency Board.

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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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HICX – An Interview on the Challenges Facing Procurement Today with Jon Hansen

Procurement Insights

For this episode of Supplier Experience Live by HICX, we welcomed Jon Hansen. Jon is a renowned writer and speaker in Procurement. Starting his career as a software company founder, he now runs the Procurement Insights blog and hosts a podcast, PI Window on The World Show which airs on Blog Talk Radio. Deservedly, Jon also sits among the Top 50 Global Thought Leaders in this space.

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Why Your Bookings are Being Rejected

Supply Chain Brain

Shippers may not always know why carriers reject their bookings. Dealing with vessel changes and delays is certainly part of the equation.

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CFO salary: finance executive compensation in 2022

Spendesk

Salary discussions are still considered taboo in most of the professional world, even in 2022. Due to this culture of silence around salaries, professionals are often left in the dark about what their colleagues and industry peers earn. Without a clear benchmark of what others are earning, finance professionals may be on the losing end of salary negotiations.

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Making Critical Infrastructure Supply Chains Secure by Design

Supply Chain Brain

The number of attacks on global supply chains is skyrocketing. .

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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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Creating Differentiation & Value Through Supplier Branding with Nando’s’ Former Head of Commercial & Procurement, Cameron Holder – Episode 61

Procurement Talk with David Byrne

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Episode show notes “I think we don’t always realise that we have a reputation with our suppliers, just like a company will have a consumer brand.” Consumer branding is a standard aspect of any business that’s well documented – … Continued. The post Creating Differentiation & Value Through Supplier Branding with Nando’s’ Former Head of Commercial & Procurement, Cameron Holder – E

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Ensure Your “Knowing-Doing Gap” Doesn’t Become a Chasm

Art of Procurement

Having access to resources and knowing how to use them are two different things. Take market intelligence resources for instance. The post Ensure Your “Knowing-Doing Gap” Doesn’t Become a Chasm appeared first on Art of Procurement.

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Making Supply Chain Planning Agile with Modular Planning Technologies

Solvoyo

Volatility and ambiguity are not going away from our lives. We need planning platforms to keep up with all the changes. Discover the importance of Composability in fickle times. The post Making Supply Chain Planning Agile with Modular Planning Technologies appeared first on Solvoyo.

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An Interview on the Challenges Facing Procurement Today with Jon Hansen

HICX

For this episode of Supplier Experience Live by HICX, we welcomed Jon Hansen. Jon is a renowned writer and speaker in Procurement. Starting his career as a software company founder, he now runs the Procurement Insights blog and hosts a podcast, PI Window on The World Show which airs on Blog Talk Radio. Deservedly, Jon also sits among the Top 50 Global Thought Leaders in this space.

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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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JAGGAER Version 22.2 Tackles Real Business Challenges while Advancing the Company’s Autonomous Commerce Strategy

Jaggaer

The post JAGGAER Version 22.2 Tackles Real Business Challenges while Advancing the Company’s Autonomous Commerce Strategy appeared first on JAGGAER.

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Webinar: How to Connect Supplier Data Silos

HICX

With the rise of hybrid suite and best-of-breed environments, one of the key priorities for organizations is ensuring that data silos are avoided. Data silos make integration difficult, reporting impossible and they do not provide a suitable platform for digitizing procurement. However, with the correct data governance processes in place, they are not inevitable.

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According to the US Federal Reserve, “fixing global supply disruption is key to avoiding a recession.” So, how do we fix it!

Procurement Insights

EDITOR’s NOTE: I recently found an article in StrategicRISK by Dawn Tiura, the chief executive of SIG , regarding the US Federal Reserve’s assertion that “fixing global supply disruption is key to avoiding a recession.” The following excerpt is just one of many fascinating insights from the article. Proactive and reactive resilience.

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5 Inventory Management Tips for Unpredictable Times

Orderhive

The post 5 Inventory Management Tips for Unpredictable Times appeared first on Cin7 Orderhive.

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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.