Thu.Apr 28, 2022

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What is Vendor Management in Procurement?

ProcurePort

• Vendor management refers to the set of activities an organization undertakes to optimize its working relationship with its suppliers. • Vendor management activities involve cost management, risk management, contract negotiations, and performance evaluation. • The scope of vendor management varies with the size of a business, the number of suppliers, and the industry in […].

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Supply Chain Data Quality & Governance

ivalua

The current global supply chain crisis has revealed critical issues involving the global distribution of goods and services. One of the drivers for these issues is focused around the lack of access to reliable “data”. To be of use, supply chain data must be of good quality and trustworthy. The inability to integrate data from multiple sources and the limited ability to interpret/analyze data in real time are a common set of problems facing many organizations.

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Breaking Down Barriers to Sustainability: Supply Chain and Procurement Live Keynote

Supply Chain Queen

“Sustainability is not someone else's problem,” begins Hinish. “More than 50% of CEOs believe that business leaders must take responsibility for the business impact on communities in which they operate.” However, there still remains a gap when it comes to strategy leading to action. According to Hinish, 86% of CEOs have a sustainability strategy, but only.

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Building Security Into Your Digital Supply Chain

Supply Chain Brain

,Automation of supply chain processes has rapidly enabled the globalization of supply chains and brought new efficiencies. However, these are not new techniques, and can be somewhat of a double-edged sword.

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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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How to Make Artificial Intelligence Work in Your Supply Chain

The Network Effect

The post How to Make Artificial Intelligence Work in Your Supply Chain appeared first on The Network Effect.

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Five Trends Shaping the Service Sector This Year

Supply Chain Brain

The global pandemic forced many businesses to completely rethink their strategies and digital maturity – but for the service sector, change was well underway before this period of mass disruption. .

Strategy 100

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A Missing Link in the Pursuit of Supply Chain Resilience

Supply Chain Brain

Warning signs of supply chain disruption are often scattered across various databases, making them virtually invisible to executives.

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What Kind of IT Services Does Your Business Need?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Application of Web Based Technology to Improve Supply Chain! Information technology (IT) plays an integral part in any business enterprise. It includes all types of computing systems and techniques used to create, store and share information. Among the major benefits of an efficient IT system in companies include improved workplace efficiency, minimized costs, enhanced workers collaboration, better data storage solutions, and

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A New Benefit Is Born to Help Companies Find and Keep Workers

Supply Chain Brain

At a time when companies will do just about anything to recruit and retain workers, fertility benefits have gone from novelty to a must-have for many companies.

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A guide to optimizing your supply chain

EazyStock

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization can be explained as aiming to minimize operating costs and streamline processes throughout the supply chain to improve efficiency, reduce risk and ensure stock availability at each stage.

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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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Inflation causing most small businesses to raise prices

Strategic Sourceror

The domino-like effect inflation has exacted on supply chains, the economy and its participants is forcing the vast majority of small-business owners around the country to do what their buyers detest: raise prices. And it may be a while before said companies can return those prices to where they were. Over the past year, more than two-thirds of small-business owners say they've increased what they charge customers for their traditional products and services, according to the results of a quarter

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A guide to optimizing your supply chain

EazyStock

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization can be explained as aiming to minimize operating costs and streamline processes throughout the supply chain to improve efficiency, reduce risk and ensure stock availability at each stage.