Tue.Aug 23, 2022

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Contract Management Process — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. However, it is sometimes overlooked and usually done through a manual process. .

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Supplier Contract Negotiation In Procurement: 5 Things to Remember

ProcurePort

• In the business world today, delivering the highest possible value from the supply chain depends a lot on the kind of supplier relationships an organization can maintain. • Relationship management begins from vendor prequalification, to contracting, and eventually to performance and evaluation. The contracting process is often a complex one and understandably so.

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Addressing Data Challenges With Supply Chain Visibility

Supply Chain Brain

Because global modern supply chains are incredibly complex, involving a vast network of manufacturing and logistics personnel, even simple mistakes can result in lengthy delays.

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How to Improve Collaboration Between Procurement and IT

Una

How to Improve Collaboration Between Procurement and IT. By Hugo Britt | August 23, 2022. There’s an iconic scene in the 1951 sci-fi classic The Day The Earth Stood Still when the killer robot, Gort, first steps out of its spacecraft. The assembled politicians, journalists, and soldiers quickly realize that Gort is so unreadable, so alien , that there is little hope of understanding, communication, or peace.

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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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Average Container Prices and Leasing Rates Decline in China Amidst Peak Season Shipping

Supply Chain Brain

Average container prices halved from August 2021; leasing rates declined by 17% from June to July this year. Further, China to Canada one-way leasing rates decline at the highest rate by 49 per cent as compared to China to any other country.

Price 104
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Accounts payable automation: what, why, & how

Spendesk

We go on and on about the benefits of automation. And the concept is pretty simple: you take slow, repetitive processes that normally waste hours or days each month , and let smart software take care of them for you.

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Understanding the Impact of Poor Network Performance on Businesses!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Best Internet Service Providers! The internet has become an integral part of running a business. Many businesses rely on it for communication, customer service, running eCommerce websites, and as a source of information about trends and emerging ways of doing business so they cannot tolerate poor network performance.

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Watch: Connected Planning in the Post-S&OP Era

Supply Chain Brain

Is sales and operations planning obsolete? Not at all, says Evan Quasney, vice president of solutions marketing with Anaplan. But there's a need for organizations to take a deeper approach to connected planning, to achieve competitive advantage.

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Major FedEx Ground contractor to stop delivering if agreement isn’t reached by Black Friday

Supply Chain Dive

Spencer Patton, who operates 225 routes in 10 states, has publicly pushed for better contract terms for delivery providers to account for inflationary pressures.

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Apple to Cut New iPhone 14 Production Lag Between India and China

Supply Chain Brain

Apple is preparing to manufacture its new iPhone in India months earlier than it did previous models, because it wants to boost production outside China amid growing global tensions and supply chain disruptions in the country.

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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 Find Game Server Hosting Platforms for Everyone!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Impact of Technology on the Gaming Industry! Today’s games offer more entertainment and excitement when played in multiplayer mode. The gaming requirements, however, are more demanding than ever. A majority of these games now require higher computing power and better game server hosting to protect against lagging and for optimal performance.

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U.S. Inflation Driven by Demand Surge, Supply Chain Constraints

Supply Chain Brain

The majority of U.S. pandemic-era inflation came from a surge in demand, but supply chain constraints stoked it further, Federal Reserve Bank of New York research shows.

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Duluth Trading to open automated fulfillment center in Georgia

Supply Chain Dive

The apparel brand’s facility will be able to process and ship 160,000 units daily and is part of the company’s plan targeting digital and brick-and-mortar expansion, executives said.

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Watch: Disruptions and Other Major Trends in Supply Chain

Supply Chain Brain

Ram Gopalakrishnan, chief executive officer of Bricz, discusses the technology investments that retailers need to make to deal with today's supply chain challenges.

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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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Deere takes ‘multipronged approach’ to secure supply, tackle backlog

Supply Chain Dive

Supply issues and a strike left the farm equipment manufacturer with an abundance of partially completed machines.

Supply 101
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Defense Strategies Institute presents the 2nd Annual Critical Infrastructure Security Summit

Supply Chain Brain

Defense Strategies Institute is proud to announce the 2nd Annual Critical Infrastructure Security Summit, taking place this September 28-29, 2022 in Washington, D.C. This year’s summit will focus on defending and creating resilient systems to protect our nation’s vital infrastructure from outside threats and other dangers, highlighting this year’s theme “Ensuring the Resiliency of US Infrastructure Against Cyber Attacks, Threats, and Intrusions.

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Kohl’s pursues ‘aggressive’ inventory cleanup

Supply Chain Dive

The retailer is canceling orders and leaning on promotions as it faces sluggish demand.

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U.K. Imports Zero Fuel From Russia for First Time on Record

Supply Chain Brain

The U.K. imported no fuel from Russia in June for the first time on record, with fuel imports falling by £499 million — or 100% — compared with the average for the previous 12 months to February.

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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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Lowe’s pilots faster delivery at fulfillment center, select stores

Supply Chain Dive

The retailer is looking to bring products straight to home improvement professionals' jobsites.

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Container Capacity at Felixstowe Drops 37.6% on First Day of Strike

Supply Chain Brain

The first day of the strike at Felixstowe — the U.K.’s biggest container port — brought a sharp decline in the incoming TEU capacity at the port.

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Trouble with buyer adoption? Try looking at P2P through the buyers’ eyes

Spend Matters

Categories: Accounts Payable , P2P , Payments , Procurement Systems & Architecture , Purchasing Tags: EU , P2P , procurement strategy and planning Even the most customer-centric companies can have a blind spot when it comes to their own buying processes. They invest in the most sophisticated e-commerce platforms that make it possible for external customers to buy their finished products and services at the click of a button.

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Coping With Rising Fuel Prices and Retail Returns

Supply Chain Brain

Even before the recent rise in fuel costs to an all-time high, brands had started taking a closer look at their cost of reverse logistics.

Price 93
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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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Geodis plans US last-mile expansion with logistics acquisition

Supply Chain Dive

The 3PL said Need It Now Delivers will help bolster its e-commerce delivery capabilities.

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Matching Your Retail Strategy to the Scheduled Consumer

Supply Chain Brain

In last-mile delivery, customers want their orders within a specific window — not a vague “now” or “sometime tomorrow.” .

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6 Ways Lean Supply Chain Management Can Benefit Your Organization

Procurify

Written by: Alex Cohen. For companies who desire optimum productivity, conventional supply chain methods may not fit the bill. Typical supply chains are often less efficient as lean supply chains, and as a result, numerous organizations around the world are implementing lean strategies. Lean supply chains focus on eliminating waste and strengthening processes that work.

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Do You Conduct an Annual Procurement Strategy Review?

NLPA (Next Level Purchasing Association)

Annual strategy reviews are critical to strategic, tactical, and operational management. A Procurement strategy is a game plan or action plan by which a Procurement Function Mandate is implemented. Moreover, a procurement strategy provides teams with methods and best practices supportive of the company’s primary concerns. It helps enhance profitability by reducing extra expenses and by, minimizing delays and speeding up the supply chain.

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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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Key Imperatives for Driving Transformation with Next-Gen Procurement in the Nordic Region

Zycus Cognitive Procurement

Tough times call for more robust measures to be taken– the past few years have witnessed fast-paced changes in the business landscape. The impact of the Covid 19 pandemic, strict compliance and regulatory policies, political instability, environmental impacts, and stringent ESG compliances has shaken the fundamental baseline of our supply chains and procurement function.

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Buyer Power Score – Trade Show Displays

Art of Procurement

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Trade Show Displays appeared first on Art of Procurement.

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Modernizing Domestic Logistics

The Network Effect

The post Modernizing Domestic Logistics appeared first on The Network Effect.

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The Discovery of Procurement Value

The Good Spending

Procurement value demystified Unfortunately, "procurement value" became another buzzword – everyone tells us to generate, capture, and sustain it. This post attempts to provide the most comprehensive view on procurement value and practical methods of its realizations compared to many other web sources replicating slogans and mystifying logical and straightforward concepts.

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,