Wed.Aug 03, 2022

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9 Latest Trends That Will Shape Procurement in 2022 and Beyond

ProcurePort

• The latest trends in the procurement sector for the last two years have been informed by the disruptions that came about in 2020 during the height of the COVID-19 pandemic. • The events of 2020 exposed weakness in supply chains, especially the lack of visibility and agility. Companies that couldn’t adjust fast enough ended […]. The post 9 Latest Trends That Will Shape Procurement in 2022 and Beyond appeared first on ProcurePort Blog.

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5 REASONS I’M EXCITED TO MOVE INTO RECRUITMENT

Procurement Heads

?‍ Being part of a team. Self-employment was great, but people often forget it can be lonely and having the opportunity to bounce ideas off colleagues whether content ideas or candidate fits, having a team will be super advantageous for personal development. It’s been great getting to know the team the Heads Resourcing Group. Learning about public sector industries!

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Eleven Ways to Address Rising Fuel Costs

Supply Chain Brain

Despite the challenges higher fuel costs bring to industries, few companies have made significant efforts to address the issue. Fortunately, there are ways to mitigate the worst effects of the cost burden.

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As e-commerce demand slows, Shopify bets big on fulfillment

Supply Chain Dive

The acquisition of Deliverr and a pilot with Flexport demonstrates how the company is leaning into what its CEO calls “the vertical integration of logistics.

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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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Inmar Intelligence and Doddle Launch Inmar Post-Purchase Solutions

Supply Chain Brain

Ann-Marie Daugherty, executive vice president and president of supply tech with Inmar Intelligenc e, talks about the company's e-commerce post-purchase partnership with Doddle.

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Inventories pile up as customers buy less

Strategic Sourceror

During the pandemic, when buying activity was frenzied and personal savings were substantial, the modus operandi for retailers was pretty straightforward: If you have it in stock, customers will purchase it — whether in store or online. Product shortages were a common sight throughout much of the country, due in part to supply chain bottlenecks, so stocking up wherever possible made sense.

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Episode 76: Tapping Into the Thoughts of Today’s CPOs with Tarek Alaruri and Greg Tennyson

Una

Episode 76: Tapping Into the Thoughts of Today’s CPOs with Tarek Alaruri and Greg Tennyson. By Kelly Barner | August 3, 2022. The most interesting conversations at in-person events are rarely started from the stage. Instead, they take place quietly, one-on-one, in the coffee line or during lunch. Procurement has been on a two-year hiatus from these networking opportunities, so now that events are back on the calendar, what are CPOs talking about?

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New and Noteworthy Categories on Thomasnet.com for August 2022

The Thomas Blog

Since industry is constantly growing and evolving, Thomasnet.com ® is too. Our platform has over 75,000 categories of products and services, from alloy to zinc, for professionals like you to source from. And thanks to our industry specialists, we are constantly researching and adding to our platform with new supplier categories to help you keep up with current market trends. 1.

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Watch: Innovations in Security for the Supply Chain

Supply Chain Brain

Jamie Rutherford, director of sales for supply chain with Vector Security Networks, describes recent innovations in security for the supply chain, many of them suggested by customers themselves.

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Better buys: How CIO leadership impacts the enterprise IT procurement process

Supply Chain Dive

Faster, leader-driven decisions on tech purchases correlate with happy tech customers, Gartner research shows. With budgets tightening, CIOs can make this happen.

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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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Russia Finds a New Route to Oil Market Via a Tiny Egyptian Port

Supply Chain Brain

Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow, via Egypt’s El Hamra oil terminal.

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Port Authority of New York, New Jersey plans dwell fee to cull empties

Supply Chain Dive

Ocean carriers will be subject to a fee beginning Sept. 1 as the port looks to better handle record import volumes.

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SAP Ariba and the future of the source-to-pay suite: Ecosystems, complexity and a more holistic approach to evaluating procurement technology

Spend Matters

Categories: Market Intelligence , Procurement Systems & Architecture , SAP , Solution Providers , Source to Pay , Spend Management , Technology Tags: PRO The way businesses evaluate and buy software is beginning to evolve, and the vendors positioned to win in this new wave are those that embrace a mantra of customer-centricity, agility and “openness.

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Surging Retail Inventories Are Swamping U.S. Warehouses

Supply Chain Brain

Companies are struggling to find space for the glut of apparel, kitchen appliances and other goods filling up their supply chains. .

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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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Driving procurement transformation at Mars Veterinary Health

Spend Matters

Categories: eProcurement / Procurement , Sponsored Article Tags: Sponsored Article TradeCentric sat down with Hema Sankar, Senior Director of Procurement Systems for Mars Veterinary Health, to discuss how integration with suppliers’ e-commerce systems helps with the company’s procurement automation journey. Mars Veterinary Health is a global division within Mars Petcare, with a network of 70,000+ passionate associates across 2,500+ veterinary clinics in 20+ countries who enable more than 25 mill

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What True Wireless Power Could Mean for Supply Chains

Supply Chain Brain

Supply chain managers are deploying technologies to generate insight and prevent disruptions, but operations won’t reach their full potential until they have a reliable source of wireless power to the devices running the show.

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Port of Oakland sues AB5 protesters with aim of stopping future disruptions

Supply Chain Dive

The port asked a California court to issue a temporary restraining order restricting truckers' ability to block traffic or gate access.

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Part Two: The Quest for the Enlightened Supply Chain

Supply Chain Brain

We're all searching for the Enlightened Supply Chain. Let's talk about what that is.

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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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Hasbro says price increases helped offset high ocean freight costs

Supply Chain Dive

Port congestion delays are easing ahead of the critical holiday season, according to the toymaker.

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Scalable processes: 7 golden rules for operational scalability

Spendesk

Scaling a business is both a blessing and a challenge. Because while fast growth is good, it usually also means lots of change. And with change can come confusion, complexity, and conflict.

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Negotiating Your Success: Do Your Suppliers Finally Have a Voice?

HICX

The Suppliers’ Perspective. From the Humphrey and Schmitz three value chain governance models and the Walmart Effect Vlasic Pickle story to the innovative upside-down Heinze bottle collaboration, our industry has gone through a sporadically halting transformation in buyer-supplier relations. At the beginning of September 2022, HICX will publish the results of their “Voice of the Supplier” survey.

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Procurement Jobs – Top Soft Skills Procurement Hiring Managers Are Looking For

Procurement Foundry

Looking for your next job can be stressful. Prepping your resume also sucks. It’s like studying for one of the most critical tests in your life—like the MCAT or the SATs—and not knowing where to focus your time most among everything you’ve covered. Many students hire tutors or attend SAT prep to get guidance on the most critical things to focus on to ace the exam.

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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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Is Your Procurement Transformation Built to Last?

CPO Rising

There are many ways to begin a procurement transformation – an initiative may start with a focus in either strategic sourcing or operational procurement, or it may pursue a “Big Bang” strategy that pushes forward all components of the function at once. But, no matter the chosen plan, one unifying characteristic of all successful procurement […].

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Centralized and decentralized purchasing, understanding the differences

Fraxion

Organizations have several functions, from accounting, sales, marketing, customer service, and production to development, among other departments.

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How to reconcile credit card payments 10x faster

Spendesk

Why do finance professionals get into this line of work?