ProcurePort

OCTOBER 17, 2023

Businesses always want to make their procurement processes simpler, choose better vendors, and spend less money. This is where RFx software comes into play. RFx is a tool that helps organizations improve their sourcing efforts. It stands for Request for Information, Request for Proposal, and Request for Quotation. This article will discuss RFx software. […] The post Key Steps for Successful Procurement: The Power of RFx Software appeared first on ProcurePort Blog.

Procurement 130

Procurement Sourcing 130

Supply Chain Brain

OCTOBER 17, 2023

Supply chain decision-makers are caught in a balancing act of competing priorities. To analyze the tradeoffs, many are investing in digital technologies. Often, however, that investment has yet to yield positive results.

Supply chain 111

Supply chain Supply 111

IBM Supply Chain Blog

OCTOBER 17, 2023

Heavy industries, particularly cement, steel and chemicals, are the top greenhouse gas emitting industries, contributing 25% of global CO2 emission. They use high temperature heat in many of their processes that is primarily driven by fossil fuel. Fighting climate change requires lowering heavy industry emissions. However, these industries face tremendous challenges to reduce greenhouse gas emissions.

Sustainability 104

Sustainability Supply Chain Optimization Quality Raw materials 104

Spend Matters

OCTOBER 17, 2023

2023 marks the tenth annual release of the Spend Matters 50 Providers to Know and 50 Providers to Watch lists that represent the best technology providers that serve procurement, finance and supply chain organizations. For a decade, the Spend Matters analyst team has determined the lists through rigorous analysis that factors, among other things, market presence, tech competency, innovation and solution delivery.

Data 95

Data Procurement Supply chain Innovation 95

Advertiser: GEP

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

Supply chain

Supply Chain Brain

OCTOBER 17, 2023

The AI-powered program uses anonymized data to provide users with risk management insights based on various industry guidelines.

Risk 111

Risk Risk management Data Management 111

Supply Chain Dive

OCTOBER 17, 2023

The amount of containers handled at 12 major gateways can help show how the economy is faring. Use this tracker to dig into trends by seaport, coast and month.

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Supply Chain Dive

OCTOBER 17, 2023

The retailer’s incoming CEO is targeting out-of-stocks, shrink and other inventory management issues after a year of choppy operating performance.

Supply chain 97

Supply chain Inventory Supply Management 97

SCMR (Supply Chain Management Review)

OCTOBER 17, 2023

A new study found both shippers and 3PLs are prioritizing ways in which their relationships can grow and improve, including data sharing and joint planning.

Data 88

Data 88

Supply Chain Dive

OCTOBER 17, 2023

The U.S. Department of Labor is ramping up enforcement activity and putting employers "on notice" as it reports a significant rise in the number of children illegally working at facilities.

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IBM Supply Chain Blog

OCTOBER 17, 2023

In a research brief defining “5 trends for 2023,” the IBM Institute for Business Value reports, “In 2023, rapid response is the new baseline. Uncertainty is expected and complexity is compounding. As threats materialize on multiple fronts, organizations must reduce the time from insight to action.” 1 Business and data analysts are intimately familiar with the growing business need for precise, real-time intelligence.

Data 82

Data Raw materials Supply Chain Optimization Supply Chain Efficiency 82

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.

Sustainability

Supply Chain Dive

OCTOBER 17, 2023

Going into Q3, many major players cleaned up their inventories after last year’s surge in stock levels, with benefits to margins. Not everyone fared equally, however.

Inventory 81

Inventory 81

SCMR (Supply Chain Management Review)

OCTOBER 17, 2023

With a modest annual increase, United States-bound containerized freight imports snapped a 13-month stretch of annual declines in September, going back to July 2022, according to data recently issued by S&P Global Market Intelligence. September imports, at 2.54 million TEU (Twenty-Foot Equivalent Units), increased 1% annually as Peak Season begins in earnest, while trailing August’s 2.88 million TEU tally.

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Import Data 64

Supply Chain Dive

OCTOBER 17, 2023

The transition is one way the company is improving its gross margins and reducing expenses as it faces various headwinds.

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Procurement Insights

OCTOBER 17, 2023

“Quiet and mysterious, ninja warriors are known for their strength, skill and stealth. Turn your back for just a moment, and a ninja might catch you by surprise! What is it about ninjas that’s so fascinating?” – Chicago Public Library A Necessary Preamble In 2009, Procurement Insights did a series of interviews and a panel with the leaders for providers I called the New Titans of the SaaS World series.

Category management 63

Category management Sourcing Procurement Management 63

Advertiser: GEP

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

Procurement

Supply Chain Dive

OCTOBER 17, 2023

The facility builds on the retailer’s efforts to control more of its fresh foods supply chain.

Supply chain 83

Supply chain Supply 83

Supply Chain Brain

OCTOBER 17, 2023

Brendan Galla, chief product officer with Exiger, describes 1Exiger, the company’s platform for proactive risk and supply chain management, and automation of decision flows.

Supply chain 59

Supply chain Supply chain management Supply chain management Supply 59

Una

OCTOBER 17, 2023

Chatbots in Procurement: Now and the Future Explore how chatbots in procurement have begun to reshape the industry and the exciting possibilities that come along with this technology. By Hugo Britt | October 17, 2023 Search Search “Hey, Procurement?” “Yes, Dave?” “Contact Supplier X’s chatbot and see if you can negotiate a 15-day increase on payment terms for all products.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Supply Chain Optimization 52

Supply Chain Brain

OCTOBER 17, 2023

One might think that online sales have dipped post-pandemic, but that's not the case, says Vijay Ramachandran, vice president of go-to-market enablement and experience with Pitney Bowes.

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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

Logistics

Procurement Foundry

OCTOBER 17, 2023

Sustainability and ESG reporting are being adopted at rapid speeds. Diversity and Inclusion is on everyone’s mind. And organizations are waking up to what procurement professionals have known for years: choosing the right vendors and suppliers opens doors to social and environmental impact.

Sustainability 52

Sustainability Procurement Suppliers 52

Supply Chain Brain

OCTOBER 17, 2023

Though Rolls-Royce did not specify what parts of the world would be impacted by these job cuts, reports suggest that hundreds of U.K.-based workers will be affected by these reductions.

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Planergy

OCTOBER 17, 2023

What's Planergy? Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Learn more 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.

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Purchasing Suppliers Spend management Management 52

Supply Chain Brain

OCTOBER 17, 2023

Lawyers for the two companies said that they’ve agreed in principle to a settlement that will end a lawsuit Rite Aid filed against McKesson over their supply agreement.

Suppliers 52

Suppliers Supply 52

Advertiser: GEP

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?

Supply Chain Efficiency

Jaggaer

OCTOBER 17, 2023

JAGGAER's latest news on procurement & sourcing. Read now: JAGGAER Announces Integration with carbmee EIS™.

Sourcing 52

Sourcing Procurement 52

Supply Chain Brain

OCTOBER 17, 2023

The regulations restrict more advanced chips and chipmaking tools from being exported to other countries besides China, like Russia and Iran.

Export 52

Export 52

The Procuretech Podcast

OCTOBER 17, 2023

In this episode of The Procuretech Podcast, host James Meads welcomes Ryan Belcher, founder and CEO of Spendwise. They discuss the importance of sustainable and profitable growth for businesses of any size. Tune in to learn more about how technology can give businesses a leg up in today's competitive landscape. Solving the procurement talent shortage through automation The episode looks at why smaller organisations often are better off buying an off-the-shelf Source-to-Pay solution, rather than

Product development 40

Product development Procurement team Procurement Sustainability 40

Supply Chain Brain

OCTOBER 17, 2023

By the end of 2023, Primark will have opened eight stores in the U.S. with a plan to open 60 stores in the United States by 2026.

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Advertisement

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.

Supply Chain Efficiency

Procurement Software

OCTOBER 17, 2023

Procurement spend data is often unstructured, difficult to interpret and unreliable as a source of truth. Poor data quality is one of the biggest challenges that procurement leaders face when embarking on a digital transformation or procurement excellence journey. Addressing this beforehand – or at least having an awareness of it – is the best plan of action.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Supply Chain Brain

OCTOBER 17, 2023

Lowering energy costs was cited as the most important reason for companies when it came to investing in IT for sustainability.

Sustainability 52

Sustainability Import 52

IBM Supply Chain Blog

OCTOBER 17, 2023

Introducing the SAP Business Technology Platform The SAP Business Technology Platform (BTP) is a technological innovation platform designed for SAP applications to combine data and analytics, AI, application development, automation and integration into a single, cohesive ecosystem. BTP is SAP’s integration and application development platform for SAP clients, who want to extend their S/4 system.

Real-time Visibility 82

Real-time Visibility Data Innovation Sourcing 82

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean. Sometimes walking a mile in someone’s shoes and listening to their firsthand experience is the only way to pull together all of the pieces of a modern supply chain puzzle.

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supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Advertiser: GEP

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.

Sourcing