Tue.May 31, 2022

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Vendor Management for Dummies

ProcurePort

• A vendor management system provides efficiency, reduces operational costs, and extends a collaborative approach to improving products and services. • Managing vendors is a central part of any procurement process. Despite the criticality of vendor management in modern supply chains, organizations are yet to deploy vendor management systems. Tips to Help You Understand Vendor […].

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The Single Point of Failure in Supply Chain – Baby Formula!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – The Suez Crisis! There are over 3.5 million births in the United States every year. That is a lot of babies who need baby formula. With such a large number of births you would expect that there would be a steady, well established industry supporting the supply of all needs for new mothers, babies and their families.

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What West Coast Ports' Labor Negotiations Mean for Supply Chains

Supply Chain Brain

As the U.S.’s largest ports in California moved record amounts of cargo amid pandemic-induced supply chain bottlenecks, union dockworkers strengthened their indispensable role in the nation’s logistics network.

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Why spend management matters

Fraxion

Operating a business is expensive. According to the U.S. Bureau of Labor Statistics, 65% of businesses fail within their first ten years, and much of this is due to poor financing and cash flow. One thing is clear: no matter the size of your business, you need to manage the daily expenses your business incurs to operate effectively. Fortunately, business spend management solutions can help you do this.

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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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Walmart, Gap and Others Amass $45 Billion in Extra Stuff to Sell

Supply Chain Brain

Big retailers rushed to build up inventories last year amid soaring consumer demand and transportation bottlenecks — going so far in some cases as to rent their own cargo ships. Now, they’re trying to figure out how to sell all their stuff.

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Keeping People Warm and Healthy through the Power of Networks

Barkers Procurement

Blackpool has more households classed as fuel poor (15.2%) than any other part of Lancashire, a startling statistic, especially when compared with the national average of 10.3% (Department for Business, Energy and Industrial Strategy). The reasons for this are complex and varied, and a solution requires focus from multiple areas. Many organisations across the North West are already working hard to address this issue.

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Coupa Inspire 2022

Barkers Procurement

Last week saw the Barkers team attend Coupa Inspire 2022 in Berlin, the global community event for customers, technology partners and industry professionals across supply chain, procurement, finance, treasury, and IT. Coupa Inspire was a truly global event that brought together forward-thinking leaders, customers and fellow partners, an event which truly lived up to its moniker of being United By The Power of Spend!

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Watch: How AI Is Capturing Critical Data in the Warehouse

Supply Chain Brain

Artificial intelligence brings resilience and enhanced performance metrics to warehouse data capture, says Marin Tchakarov, chief executive officer of Kindred.

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10 Key Criteria to Consider when Buying Procurement Tech

The Procuretech Podcast

This week we’re doing something a little bit different: A quick solo episode, bringing you ten key criteria to consider when sourcing a digital procurement solution. This is something that seems surprisingly hard to come by in popular articles and white papers, so here are ten helpful factors to consider. Let’s dive into the list… 10 Key Factors When Choosing A Procurement Solution. 1.

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Three Imminent Threats at the Intersection of Geopolitics and Supply Chain

Supply Chain Brain

Over the next 12-18 months, companies will be witnessing an avalanche in slow motion. .

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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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How to Effectively Mitigate Supply Chain Risk in the Manufacturing Sector

Zycus Cognitive Procurement

The last two years have been turbulent for the manufacturing industry. Broken supply chains, unavailability of heavy goods vehicle (HGV) drivers and production stoppages had a negative impact. 2022 is no way better; it has begun with semiconductor manufacturers facing chip shortages. And the war in Europe has only aggravated the situation. Disruption has indeed become the new normal.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance.

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4 Challenges for Procurement in Launching New Products

Zycus Cognitive Procurement

Almost every business faces the challenge of launching new products at some point. For procurement officers, this can be a particularly daunting task. There are several things to take into account when procuring for a new product, from ensuring you have the correct supplies to planning for potential delays. Launching new products can be challenging, but it’s in the best interest of companies to make sure that procurement plays a central role.

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Chart of Accounts: What Is It and How Does It Work?

Procurify

Written by: Stella Inabo. Accounting mistakes cost a lot of money – as much as $1.2 billion in the case of Atos. To avoid such situations, businesses need to keep their records right and company accounts organized. This is easier said than done as recording every transaction takes time and effort. . To avoid mistakes, businesses use a chart of accounts – a list of records for each type of asset, liability, equity, revenue, and expense , which are organized into a variety of specific accounts. .

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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