Thu.Aug 11, 2022

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Vendor onboarding: Process guide, checklist and tips

RPF360

Vendor onboarding is an essential element of successful supplier relationship management. Explore this topic as well as how RFP management software automates and centralizes the vendor onboarding process. The post Vendor onboarding: Process guide, checklist and tips appeared first on RFP360.

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Supply Chain Weekly Wrap-Up 08/05/2022-08/11/2022

All Things Supply Chain

Ukraine requires more ships to relieve grain supply chain Last week provided some relief for global food supply chains as the first ship loaded with grain left a Ukrainian port…

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Inventory Holding Cost — The Ultimate Guide of 2022

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Inventory Holding Cost — The Ultimate Guide of 2022. Inventory holding costs are one of the fees that an organization or business incurs. But how do businesses incur these costs? . In this article, we will discuss what inventory holding cost is.

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Aegion Selects Ivalua to Digitally Transform Procurement

ivalua

Redwood City, 11 August, 2022 – Ivalua, a global leader in spend management , today announced that Aegion Corporation, a leading provider of infrastructure maintenance, rehabilitation, and protection solutions, selected its platform to digitally transform procurement. The initial focus is on digitising the Procure-to-Order process with subsequent phases planned for invoicing and sourcing.

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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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Seven Trends in Procurement and Supply Chain Management

ProcurePort

• Beyond flying cars and hoverboards, we’ll see a lot in the future. Machine learning, analytics, big data, cloud, and artificial intelligence are some of the few forces that are revolutionizing and defining the tech landscape. • New technologies impact functional business areas, including operations, sales, marketing, and strategic positioning.

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The Big Interview with Ana Maria Velica

Procurement Heads

When did your interest in procurement and supply chain begin? It was back in 2004 in Romania – I am Romanian – and at the time I was working as a Marketing Assistant at British American Tobacco. The company was going through a transformation to become the market leader in Europe and I remember being asked by the Managing Director where I saw my career evolving, my answer was very quick, I wanted to join the cool and dynamic purchasing team because I was always fascinated by the negot

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The Bill of Materials (BOM) Beginners Guide!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is Product (or Master) Data Management? Manufacturing contributed 10.8% to the total US GDP in 2020. Manufacturing businesses are at the heart of eCommerce and retail businesses. If you’re an eCommerce seller or manufacturer, you need to know BOMs (bill of materials). How do you create a bill of materials?

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Watch: Enhanced Visibility in the Supply Chain World

Supply Chain Brain

With the challenges that supply chains face today, managers realize that visibility is more important than ever, says Jerome Roberts, global vice president of marketing at Blume Global. After all, you can't react to what you can't see.

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USPS proposes peak season rate hikes amid drop in package demand

Supply Chain Dive

The temporary price increases “frankly seem pretty reasonable compared to what FedEx has proposed,” one consultant said.

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Daimler Truck Shrugs Off Supply Chain Issues With Rising Sales

Supply Chain Brain

Daimler Truck Holding AG said demand for commercial vehicles will continue to outweigh supply in the second half of the year after the German manufacturer reported better-than-expected quarterly earnings.

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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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8 Reasons Your Business Should Use Eco-Friendly Shipping Mailers!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How Eco-Friendly Packaging is Impacting Sustainability! Product packaging significantly contributes to the modern world’s waste problem. They’re commonly made of plastic, which pollutes bodies of water and harms the planet’s biodiversity. Many businesses are now switching to eco-friendly packaging and shipping mailers to solve this problem.

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Watch: Where Digital Collaboration Is Falling Short

Supply Chain Brain

Quite a few companies have embarked on their digital collaboration journey, but many haven't developed it to its full potential, says Ville Parkkinen, director of product marketing at OpenText.

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Risk Vendor Profiles (Part 1): Financial and Supplier risk monitoring solutions — D&B, Rapid Ratings, LexisNexis

Spend Matters

Categories: Market Intelligence , Procurement Strategy & Planning , Professional Services , Risk Performance and Compliance , risk-compliance-management , Supplier Performance , Supplier Risk and Compliance Management Tags: PRO This Spend Matters PRO analysis is the first in our 7-part series on Risk technology solutions and services vendors, focusing on organizations' increasing need to manage and mitigate risk scenarios.

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The Complete Guide to CNC Machine Shops!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Ways to Boost CNC Machining Productivity! In recent years, the rise of CNC machine shops has disrupted traditional manufacturing. CNC (computer numerical control) shop s are small businesses that use advanced equipment to fabricate parts from metals and plastics. What makes them unique is their ability to create custom parts quickly and efficiently.

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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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From Twinkies to Nutter Butters, lack of ingredients hamper snack food production

Supply Chain Dive

CPG giants are unable to produce popular items as supplier delays have left them waiting on key ingredients.

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Gas Prices in the U.S. Fall Below $4 a Gallon

Supply Chain Brain

Gas prices in the United States fell below $4 a gallon on Thursday, retreating to their lowest level since March.

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‘We have to do something’: Can retail close the gap on supply chain emissions?

Supply Chain Dive

The industry is woefully behind on scope 3 targets for greenhouse gases. Data poses steep challenges, but experts say retailers still can — and must — do more.

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Rising costs and softening orders are a supply chain double-whammy: What the new recession means for finance and procurement teams

Spend Matters

Categories: Cost Management , Sponsored Article , Supply Chain , Supply Risk , Trade Financing , World Trade Tags: Sponsored Article Whichever way you look at it, the global economy is in for a rough ride in the months to come. Data from Tradeshift’s Q2 Index of Global Trade Health provides more evidence of a looming recession, with order volumes submitted through our platform dropping sharply for a second successive quarter.

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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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With limited fuel alternatives, UPS air cargo emissions continue to rise

Supply Chain Dive

Large air carriers have rolled out plans to trim greenhouse gases, but remain far off from meeting their ambitious goals.

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Economic uncertainty ahead: 7 things you can do to prepare for a recession

Procurify

Written by: Procurify. Startups are rapidly laying off people , and as the 2022 recession seems inevitable, more businesses will follow suit. Ideally, cutting costs by laying off staff should be a last resort, but it is a common solution businesses use when they aren’t adequately prepared for a recession. Experts predict that in 2022, the recession will be different than those we’ve seen before.

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How supply chain and procurement teams can manage suppliers effectively

Skill Dynamics

Managing strategic suppliers effectively is essential for procurement and supply chain teams to improve processes and drive competitive advantage for their organization. The key lies in the ability to extract the best from key partners. Strategic vendors and suppliers are critical to provide products or services that meet your company’s major demand requirements and therefore play a vital role in your supply chain.

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[Pod] Designing an End-to-End Ecosystem Approach to Procurement Part 4: Procure to Pay

Art of Procurement

“If your data feeds back into your upstream processes, that helps you make better decisions and eventually helps the overall. The post [Pod] Designing an End-to-End Ecosystem Approach to Procurement Part 4: Procure to Pay appeared first on Art of Procurement.

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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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#22 | An Interview on Modern Procurement with Nick Ralphs

The Supplier Experience

An Interview on Modern Procurement with Nick Ralphs. For this episode of Supplier Experience Live by HICX, we were joined by Nick Ralphs. Based in Glasgow, UK, Nick is a Director of NJR Procurement , an organization focused on ‘Increasing Value and Managing Risk in Purchasing and Supply Chains.’ Nick is also an active consultant and specializes in training procurement teams through the DevelopMyTeam platform. .

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How does Supplier Experience Management create a win-win for both customers and suppliers?

HICX

The last years have seen a fundamental and permanent shift in supply chain relationships and leading organizations recognize that their future growth relies on the strength of their supplier base. Supplier Experience Management (SXM) is the practice of creating the conditions in which a buying organization and all of its suppliers can achieve mutual success together.

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No Substitute for Old Fashioned Contract Management

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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Making Procurement with Purpose Real | Data is Not Enough

Jaggaer

The post Making Procurement with Purpose Real | Data is Not Enough appeared first on JAGGAER.

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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The Impact of Procurement

Una

The True Impact of Procurement. By Hugo Britt | August 11, 2022. It’s no secret that the U.S. workforce, as a whole, is re-evaluating its priorities after the experience of the pandemic. First there was the work-life balance revolution made possible by remote collaboration technology, followed by the Great Resignation , an ongoing talent shortage with no end in sight, and – more recently – the “ Quiet Quitting ” movement.

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What Is A Goods Received Note (GRN)? And Why They Are Important For Accounts Payable

Planergy

Clients and results. More Customers. We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Cristian Maradiaga. King Ocean. Book a Live Demo. Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing.

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Podcast | Why Automakers Won’t Meet EV Production Targets

Supply Chain Brain

Will the Biden Administration meet its goal for electric vehicle production in the U.S.? Don’t count on it.

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