Thu.May 18, 2023

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Invoice Approvals — The Ultimate Guide

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Approvals — The Ultimate Guide Invoice approvals allow you to only pay for what you purchased, which helps you to avoid overpayment. However, what is it? In this article, we will discuss what invoice approvals are.

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[Pod] JPMorgan Chase Stops the Financial Contagion

Art of Procurement

In 1907, J.P. Morgan was called back from a trip to help stop a series of bank runs on Wall. The post [Pod] JPMorgan Chase Stops the Financial Contagion appeared first on Art of Procurement.

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Logistics providers expand operations in Mexico, leveraging nearshoring as a strategy

Supply Chain Dive

Redwood Logistics and BlueGrace Logistics have announced plans to expand service offerings in Mexico due to higher demand from shippers.

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EV Battery-Swapping Could Help Solve the US Charging Problem

Supply Chain Brain

San Francisco startup Ample Inc. has deployed more than a dozen robotic battery-swap stations around the Bay Area and in Europe.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

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.

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Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks

Una

Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks Understanding the nature of procurement fraud, why it poses a strong risk in procurement, and ways to mitigate the consequences. By Hugo Britt | May 18, 2023 Search The fraud triangle is built around three concepts: Opportunity, Motive, and Rationalization. While anyone in your organization may have a motive (such as a gambling addiction) and can rationalize their crime (“I’ll pay it back”), only a small percentage of the tea

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IBM named a Leader in the latest Forrester Wave™ report for AI Decisioning

IBM Supply Chain Blog

Forrester Research just released “ The Forrester Wave™: AI Decisioning Platforms, Q2 2023: The 13 Providers That Matter Most And How They Stack Up ” by Mike Gualtieri with Aaron Katz, Catherine Marcin, and Jen Barton, and IBM is proud to be recognized as a Leader. This report outlines the combination of traditional decision automation tools with machine learning models and other technologies.

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The history and evolution of software supply chains

SCMR (Supply Chain Management Review)

Software supply chains have a lot in common with their more traditional supply chain cousins, including just-in-time delivery mechanisms and tiered structures.

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How Siemens and Deloitte are using digital twins and 3D models to advance smart factories

Supply Chain Dive

Tech companies are collaborating on the latest innovations in manufacturing at a warehouse in Wichita State University.

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Overcoming Supply Chain Challenges Through Custom Semiconductors

Supply Chain Brain

New demands are popping up everywhere because new technologies have led to new semiconductor manufacturing facilities, or fabs, being planned around the world.

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Foxconn begins building $500M factory in India

Supply Chain Dive

The groundbreaking comes as Apple, one of the manufacturer’s largest customers, invests beyond China.

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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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[Pod] Procurement 6 – May 19th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post [Pod] Procurement 6 – May 19th, 2023 appeared first on Art of Procurement.

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TJX looks to capitalize on an ‘outstanding buying environment’

Supply Chain Dive

As other retailers shed unsold product, the off-pricer says its clean inventory position and scale gives it immense sourcing opportunities.

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An Effective Joint Transportation Management System (JTMS) for Defense Organizations

The Network Effect

The post An Effective Joint Transportation Management System (JTMS) for Defense Organizations appeared first on The Network Effect.

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Five Governance and Stakeholder Alignment Factors to Ensure Supply Chain Solutions Implementation Success

Supply Chain Brain

Selecting a supply chain planning and management technology provider can take months or years, and the relationship that develops may last a decade or more.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

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.

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WestFall Technik: A running start at predictive procurement orchestration

Arkestro

If you’re unfamiliar with PPO, you aren’t alone. Here’s how Westfall Technik discovered it and is turning it into a powerful tool to simplify and streamline procurement. — BY DAVID SCHULTZ This is a story of what-ifs. Here are 10 to get started.

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Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks

Una

Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks Understanding the nature of procurement fraud, why it poses a strong risk in procurement, and ways to mitigate the consequences. By Hugo Britt | May 18, 2023 Search Search The fraud triangle is built around three concepts: Opportunity, Motive, and Rationalization. While anyone in your organization may have a motive (such as a gambling addiction) and can rationalize their crime (“I’ll pay it back”), only a small percentage of

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Contract Risk Management: 10 Best Practices To Keep Your Business Safe

ContractSafe

Contract risks are a lot like the weather. We’ve all been there: the sun’s shining, not a cloud in the sky, then just a few minutes later, you feel that first drop of rain hit your shoulder. Slowly, the clouds roll in, the wind picks up, and before you know it, it’s a full-blown storm.

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Watch: Protecting Against a New Wave of Chinese Cyberattacks

Supply Chain Brain

Brian Gant, assistant professor of cybersecurity in the John E. Simon School of Business at Maryville University, talks about the latest wave of cyberattacks directed against the U.S. government, businesses and individuals, and how they might be prevented in future.

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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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Four Ways Predictive Procurement Orchestration Can Transform Your Organization

Arkestro

Resources / Webinars / Four Ways Predictive Procurement Orchestration Can Transform Your Organization Four Ways Predictive Procurement Orchestration Can Transform Your Organization Shannon Kreps VP, Marketing at Arkestro Andrew Bartolini Founder & Chief Research Officer at Ardent Partners Summary: Andrew Bartolini, Founder & Chief Research Officer at Ardent Partners and Shannon Kreps, VP of Marketing at Arkestro will be discussing how to address lost opportunities in procurement and how

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Jaguar Owner Tata Leans Toward U.K. Over Spain for Battery Plant

Supply Chain Brain

Tata Group, the parent company of Jaguar Land Rover, is reportedly leaning toward the U.K. as the location for the company's next major battery plant.

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Building strategic and sustainable competitive advantage with supply chain resilience – Part 2

Jaggaer

The post Building strategic and sustainable competitive advantage with supply chain resilience – Part 2 appeared first on JAGGAER.

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U.K. Announces Japan Chips Partnership as Fears Grow Over Taiwan

Supply Chain Brain

British premier Rishi Sunak said a “Hiroshima Accord” would deepen economic, security and tech cooperation between the U.K. and Japan.

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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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What Is Contract Value and How Do You Preserve It?

ContractSafe

Even the smallest leak could turn a fun day on the water into an unexpected scuba diving session if you’re not prepared.

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Target Earnings Flat as Shoppers Stick to Basics

Supply Chain Brain

Shoppers are pulling back on discretionary items like electronics and home projects and instead focusing on home essentials.

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Contract Addendum vs. Amendment: Key Differences Explained

ContractSafe

Ever accidentally put salt in your coffee?

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Podcast | Finding the Right Supply Chain Planning Provider

Supply Chain Brain

You’re out to obtain new software for supply chain planning. How can you be assured of making the right choice?

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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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SCMDOJO’s Supply Chain and Operations Expert Marketplace

SCMDOJO

The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized Supply Chain Expert Services. Table of Contents Executive Summary Introduction Objectives The Rapid Growth of Marketplaces SCaaS as a Concept Combining Marketplaces and Supply Chain as a Service: SCMDOJO’s Unique Value Proposition Features and Benefits for Clients Features and Benefits for Experts How I

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IBM Hybrid Cloud Mesh: Reimagining multicloud networking with applications taking center stage

IBM Supply Chain Blog

Private clouds, public clouds, SaaS, on-premises and edge—as organizations leverage a more distributed, robust cloud-based strategy, they can also face more significant management and compliance challenges. This shift to the cloud may have, in many ways, left the traditional enterprise network stranded—no longer transporting the bulk of the enterprise network traffic, which now floats between the clouds and over the public internet.

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How to save money through suppliers without sacrificing the value they bring

HICX

Costas Xyloyiannis, HICX’s CEO, believes that supplier-centric brands are more resilient. With inflation hampering product sales and price rises, manufacturers have profits to protect. Many will react, as the sector has done for decades, by beating down suppliers on price. All this does though is bounce the problem around the supply chain. It drains suppliers of the resources they need to deliver vital enhancements—including supplies, information, and ideas—without which, brands are less competi

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US Import and Export Statistics

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter US Import and Export Statistics The U.S. import and export statistics shifted drastically during and after the pandemic. That year marked the largest steep decrease in production and trade volume since WW2. Thus, causing disruption in the supply chain globally.

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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.