Sun.Apr 03, 2022

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5 Reasons why eAuctions Drive Better Savings

SCMDOJO

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final

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8 Unique Phases of Supplier Lifecycle Management

ProcurePort

There’s no doubt that initiating a new relationship is hard, whether it’s a personal or business relationship. To forge a strong relationship and succeed in your endeavors, you have to build trust and loyalty among your circle of suppliers. Strong relationships attract meaningful and lasting business opportunities. Lifecycle management gives suppliers and businesses opportunities to […].

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Online Shoppers Want Predictability More Than Speed, UPS Says

Supply Chain Brain

New research shows shoppers are looking for a more customized delivery experience.

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Putting the Principles of Influence into Practice 

Negotiations Ninja

Brian Ahearn is the Chief Influence Officer at Influence PEOPLE. He’s a keynote speaker, trainer, coach, and consultant who specializes in the science of influence and persuasion popularized by Robert Cialdini. Brian has written multiple books on the science of influence, including “Influence PEOPLE: Powerful Everyday Opportunities to Persuade that are Lasting and Ethical” and “Persuasive Selling.

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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.

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Watch: Will Retail Supply Chain Challenges Get Worse Before They Get Better?

Supply Chain Brain

Better data sharing between retailers and CPG manufacturers can help overcome supply chain challenges, says Inna Kuznetsova, chief executive officer of 1010Data.

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Procurement Category Management: The Art of Balancing the Cost, the Value, and the Demand

The Good Spending

Category management is the brain and spine of strategic procurement. Procurement largely relies on category management in its constant endeavor to transform transactional purchasing into a value-creation machine. This post analyzes what makes genuine category managers and " separate future physicians from those who wanna play doctor." Category management is an integral part of the "plan-to-procure" cycle.

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Thousands of Russia-Linked Ship Containers Pile Up in Rotterdam

Supply Chain Brain

Sanctions on Russia are snarling thousands of steel shipping containers and disrupting the heart of Europe’s economy.

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Ukraine Sunflower Oil Crisis Hits Food From Chips to Cookies

Supply Chain Brain

Russia’s invasion of Ukraine has disrupted the supply of almost half of the world’s sunflower oil exports, forcing companies to turn to less desirable alternatives such as palm oil in products ranging from potato chips to cookies.

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