Tue.Jan 31, 2023

article thumbnail

Why using a procurement recruitment agency can help with a company’s hiring plans

Procurement Heads

As specialists in finding and placing top procurement and supply chain talent, we have the expertise and resources to identify the best candidates and help them to make the right hiring decisions. In this blog, we’ll explore why using a procurement recruitment agency like Procurement Heads can prove hugely beneficial to a company’s hiring process. The Benefits of Working with a Specialist Procurement Recruitment Agency Access to a Wide Network of Candidates With more than a decade in business, w

article thumbnail

A More Reliable Path to Net Zero: Ivalua’s Latest Innovation Helps Reduce the Environmental Impact of Supply Chains

ivalua

Ivalua’s new Environmental Impact Center empowers Procurement and Supply Chain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. EIC’s Unique Capabilities: Ensure transparent carbon emissions baseline based on reliable emissions data Identify and prioritize emissions reduction opportunities Monitor and manage emissions at the product level Redwood City, CA – 31 January, 2023 – Ivalua , a global leader in Cloud Spend Management Solutions , announced the

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Measuring KPIs and KRIs for Comprehensive Supplier Performance Management

Supply Chain Brain

While every organization tracks key performance indicators (KPIs) on some level, this data is rarely correlated with key risk indicators (KRIs).

Suppliers 135
article thumbnail

Maersk taps drones for warehouse inventory management

Supply Chain Dive

Four facilities are already making use of the Verity drones, and the company is planning to deploy the tech further in 2023.

Inventory 133
article thumbnail

Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.

article thumbnail

What the upcoming ESG tsunami means for spend teams

Spend Matters

Categories: Diversity , E-Sourcing , Procurement Strategy & Planning , Supply Risk Management Tags: sponsored post Stakeholders of all stripes want companies to do more when it comes to promoting sustainability and combating climate change; that includes investors, employees, customers and those in the community said business serves. ESG (environmental, social and governance) initiatives have become major competitive differentiators in the marketplace.

article thumbnail

Shortages 2023: 4 goods facing tight supplies this year

Supply Chain Dive

Even as supply chain chokepoints ease for many products, world events still weigh on the availability of some key goods.

Supply 131

More Trending

article thumbnail

GM investing $650M to develop Nevada lithium mine

Supply Chain Dive

The deal with Lithium Americas will help the company make its supply chain more secure and manage cell costs better, said Chair and CEO Mary Barra.

article thumbnail

Unlocking the hidden power of retail media-enhanced supply chains

SCMR (Supply Chain Management Review)

The complexity, cost and unpredictability of retail supply chains can burden retailers with excess inventory and costs. The solution could be the retail media-enhanced supply chain.

article thumbnail

‘We can work this out’: UPS CEO optimistic on Teamsters negotiations

Supply Chain Dive

The union threatened to strike if a deal isn't reached by July 31. Carol Tomé said tweaks to the existing contract should be enough.

article thumbnail

NHD: Vendor Analysis — Contractor and Project Management solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

Categories: Contract Management , Procurement Strategy & Planning Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of NHD and its solution for contractor and project management. With the world modernizing and mobility increasing, the workforce has become more transient. The freelance and contractor market is thriving. Companies have seen the benefits of hiring temporary workers for short-term to long-term projects.

article thumbnail

How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

article thumbnail

Balancing supply and demand to avoid inventory surprises in 2023

SCMR (Supply Chain Management Review)

Bring balance through a supply chain lens that aligns choices and operating decisions to account for risks and constraints in achieving and sustaining total network performance.

Demand 60
article thumbnail

The (Very Brief) History of Procurement

Pipefy

Procurement is an essential strategic function for many businesses, but it wasn’t always the critical business process it is today. At one point, procurement was just a tactical-focused function, meaning that any strategy was centered around meeting short-term and transactional needs. Now, businesses rely on procurement teams to provide more holistic, strategic insights that create long-term business value and financial efficiency.

article thumbnail

Managing Supplier Risk: It’s All About the Information

HICX

By Costas Xyloyiannis, CEO of HICX What was once “nice to have” information has been defined by law. As social and environmental concerns grow, governments and related third parties are demanding, with regulatory backing, that businesses manage ethical supply chains. What can large organizations with complex supply chains do to help mitigate supplier risk?

Risk 52
article thumbnail

The 10 Types of Purchasing Models, Purchase Orders, and Procurement Methods

Pipefy

For those unfamiliar with the impact and purpose of procurement departments, how this system of connected processes operates may be as simple you need something, you find it, you pay for it, and then you have it. While this summary is accurate, it doesn’t illustrate just how complex procurement can be, nor does it tell us much about the impact procurement can have on the business as a whole.

article thumbnail

How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.

article thumbnail

Truck Freight Volumes Continued Decline in Fourth Quarter — U.S. Bank

Supply Chain Brain

U.S. Bank said the slowdown in volume was driven by a significant contraction in the West region.

article thumbnail

Procurement Glossary

Pipefy

A Administrator A business professional who oversees the ongoing management of the purchase order (PO) or contract, confirming that both the organization and suppliers adhere to the contract’s terms and conditions. Successful procurement administrators review supplier performance, process change orders, and make price adjustments on a daily basis in order to maintain an intimate knowledge of contract requirements.

article thumbnail

UPS Prepares for Slowdown in Global Delivery Volumes

Supply Chain Brain

UPS has been stressing profitability over volume but the drop in revenue was a surprise.

52
article thumbnail

6 Procure-to-Pay Risks and Pains (and How to Solve Them)

Pipefy

Procurement risks occur as a result of unreliable purchasing and P2P processes. These processes become unreliable when inefficiencies are not planned for, not identified and dealt with properly and in a timely manner, or when risk assessment and management protocols fail. The procure-to-pay (P2P) process , also sometimes referred to as purchase-to-pay, is a structured workflow that involves receiving goods or services and issuing payments.

Risk 52
article thumbnail

A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

article thumbnail

Exxon 2022 Profit Hits Historic High for Western Oil Industry

Supply Chain Brain

Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion.

Price 52
article thumbnail

Tips to Streamline Your Purchase Requisition Approval Process

Pipefy

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment. Not only does this process ensure that compliance with purchasing policies is followed, it also allows the purchasing team to control spending, adhere to budgets, tap into existing discounts or credits

article thumbnail

Turkey and Morocco Are Emerging as Demand Sources for Russian Diesel Before EU Ban

Supply Chain Brain

The EU will still get more than a quarter of its diesel imports — around 612,000 barrels a day — from Russia even in January.

Demand 52
article thumbnail

Boosting SaaS Software Negotiating Leverage

Art of Procurement

Most procurement professionals have experience building cost models to support their negotiation prep. They can estimate the cost and amount. The post Boosting SaaS Software Negotiating Leverage appeared first on Art of Procurement.

article thumbnail

Procurement Is Navigating a Tech Tsunami (and It’s Upending How You Work)

Procurement is in the middle of a tech tsunami. And if it feels like the old playbooks aren’t working anymore, that’s because they aren’t. Agentic AI. Autonomous procurement. Unified source-to-pay ecosystems. These innovations are converging and transforming how procurement teams operate. The GEP 2025 Procurement & Supply Chain Tech Trends Report breaks it all down.

article thumbnail

India Says Its Path to Net Zero Must Pass Through Fossil Fuels

Supply Chain Brain

Environmentalists have blamed the fuel — along with other factors like crop burning, construction dust and vehicle emissions — for the country’s toxic air that reaches alarming proportions every winter.

52
article thumbnail

Supplier Relationship Management: A Comprehensive Guide 2023

Zycus Cognitive Procurement

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation. In this comprehensive guide, we’ll explore the fundamentals of managing a successful supplier relationship – from identifying potential vendors to preserving them long-term.