Procurement Tactics

JANUARY 4, 2023

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Best Legal Procurement Practices for Successful Workflow. Starting work with a new vendor or renewing a contract with an existing one requires a lot of work for your firm’s legal department. You need to draft the contract, negotiate the terms and conditions, ensure you and the vendor have done your due diligence, and much more. .

Procurement 195

Procurement Contract Negotiation Quality 195

Supply Chain Brain

JANUARY 4, 2023

Chief procurement officers have allocated time, resources and money to supplier diversity initiatives but they’re still insipid. Here’s a better way to grow your diverse supplier pool — and your ROI. .

Chief Procurement Officer 117

Chief Procurement Officer Suppliers Procurement 117

Arkestro

JANUARY 4, 2023

A new year offers an opportunity to reflect on the past, learn from it, and prepare for the future. Of course, old problems don’t suddenly disappear because one year ends and a new one begins. But hopefully, we can incorporate what we’ve learned into our day-to-day, creating a better—more resilient—path going forward. In 2022, procurement faced challenges on multiple fronts.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Supply Chain Brain

JANUARY 4, 2023

Data storage managers should aim to extend the life of their data center hardware, move data to the cloud whenever possible, and delete data that is simply wasting space and money.

Data 104

Data Management Supply chain Supply 104

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

SCMR (Supply Chain Management Review)

JANUARY 4, 2023

The infographic below presents key ways that customer behavior has changed, how that behavior has made an impact on last-mile deliveries, and ways that organizations can make last-mile deliveries more reliable and cost-effective.

Logistics 95

Logistics 95

Supply Chain Dive

JANUARY 4, 2023

The updated fees, which will be lower than those implemented during the holidays, will take effect Jan. 15.

Demand 127

Demand 127

SCMR (Supply Chain Management Review)

JANUARY 4, 2023

Adding innovation planning and goal setting into operations performance metrics and evaluating technology hype cycles, best practices and ROI, both financial and competitive, are critical to business strategy.

Innovation 88

Innovation Business strategy Strategy 88

Supply Chain Brain

JANUARY 4, 2023

The job cuts represent a swift about-turn for the retailer that recently doubled its basic pay ceiling to compete more aggressively for talent.

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SCMR (Supply Chain Management Review)

JANUARY 4, 2023

The company said that, effective December 31, 2022, Bob Biesterfeld, president and CEO, stepped down from those roles, as well as a member of the company’s board of directors. For the time being, CHR Chair of the Board of Directors Scott Anderson was tabbed as Interim Chief Executive Officer, effective January 1, 2023. What’s more, CHR said that its Board has formally kicked off a search for a new permanent CEO and retained national executive search firm Russell Reynolds, in assisting in identif

Leadership 79

Leadership 79

Spend Matters

JANUARY 4, 2023

Categories: Procurement Systems & Architecture Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Makersite, a Design-for-Supply (DFS) solution that enables customers to understand the underlying tradeoffs and options between cost, sustainability and risk linked to the design of their products. In a mini-series we published in December 2021 (part 1), we highlighted why design needs to take supply considerations into account, and how it can do so as early as possible.

Supply Chain Optimization 79

Supply Chain Optimization Supply Procurement team Sustainability 79

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

Supply Chain Dive

JANUARY 4, 2023

The fee has now been reinstated after being postponed due to delays from the port’s external software developer.

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SCMR (Supply Chain Management Review)

JANUARY 4, 2023

How are practitioners harnessing these talents to innovate and improve supply chain performance?

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Supply chain Data Supply Innovation 95

Supply Chain Dive

JANUARY 4, 2023

The craft retailer has endured tens of millions of dollars in excess freight expenses throughout the pandemic.

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SCMR (Supply Chain Management Review)

JANUARY 4, 2023

The ISM report’s key metric, the PMI, came in at 48.4 (a reading of 50 or higher indicates growth), down 0.6% from November’s 49.0, contracting, at a faster rate, for the second consecutive month. The last two months of contraction were preceded by a stretch of 29 consecutive months of growth. ISM added that the overall economy contracted in December, following 30 consecutive months of growth.

Contract 60

Contract 60

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

Supply Chain Dive

JANUARY 4, 2023

Quiet Platforms says the partnership will expand shipper access to same-day and next-day service.

Logistics 88

Logistics 88

SCMR (Supply Chain Management Review)

JANUARY 4, 2023

Organizations should use a variety of methods to improve the cost and reliability of last-mile deliveries.

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Barkers Procurement

JANUARY 4, 2023

ECFRS were undergoing a procurement transformation being led by Barkers. Due to the level of short-term procurement resource available internally, ECFRS requested support for the ICT category from Barkers. The ICT team had a range of ongoing projects that required procurement involvement, without which the projects would have ground to a halt. The transformation would see the successful completion of a number of business-critical projects and the introduction of a new ICT Category Manger to the

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Procurement Category management Project management Stakeholder engagement 52

Supply Chain Brain

JANUARY 4, 2023

Dinesh Dixit, vice president of account management with LogiNext, describes the challenges that parcel companies are facing today, and how technology might ease their pain.

Management 52

Management 52

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

Procurement Insights

JANUARY 4, 2023

Editor’s Note: This morning, I read an “interesting” LinkedIn post regarding an article on the Zycus blog, to which I provided the comment below. In July 2008 and then again in June 2022, I wrote, “ Why is the question regarding the difference between procurement versus purchasing still a thing? In the latter article, I reported the following: “For six consecutive years, CPOs expressed the belief that their teams lacked the required skills to deliver on their strate

Purchasing 42

Purchasing Procurement 42

Supply Chain Brain

JANUARY 4, 2023

Like other automakers, GM was buoyed by steady demand and a rebound in fourth-quarter production even as higher financing costs flash a warning sign for 2023.

Demand 52

Demand 52

CPO Rising

JANUARY 4, 2023

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2022 articles as we reflect on the year and prepare for the new year ahead. Welcome to Procurement News! We’re proud to share the announcements, hirings, and notable mentions of Chief Procurement Officers and other procurement leaders that appeared on […].

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Chief Procurement Officer Procurement 52

Supply Chain Brain

JANUARY 4, 2023

The Philippines is seeking loans from Beijing for infrastructure projects and Marcos has called China the country’s strongest partner in pandemic recovery.

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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 Heads

JANUARY 4, 2023

For Procurement Heads ‘ latest Big Interview, Rebecca spoke to Will Cooke about her career, SRM and sustainable procurement. How did you get into procurement? I got into procurement through a graduate procurement programme at British Airways in 1997. Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches.

Supply Chain Efficiency 246

Supply Chain Efficiency Suppliers Agile and Lean Supply Chain Sustainability 246

Supply Chain Brain

JANUARY 4, 2023

Banks were also encouraged to take steps to avoid problems in the digital asset market spreading to the wider financial system.

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Risk 52

Pipefy

JANUARY 4, 2023

Procurement is a mission-critical business process. It ensures that companies have the materials and services they need to achieve their goals. But the inherent complexity of the procurement process means that it’s also prone to inefficiencies, errors, and broken handoffs. That makes procurement automation more important than ever. Escalating supply-chain volatility and inflation put pressure on procurement teams to “do more with less.

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Procurement Procurement team Purchase orders e2e 52

Supply Chain Brain

JANUARY 4, 2023

For workers, rising fuel and car-maintenance costs have made the job less appealing.

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Advertiser: GEP

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

Supply chain

The Good Spending

JANUARY 4, 2023

The Kraljic matrix is still an excellent procurement tool, yet somewhat simplistic. Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. This article proposed an elegant scenario, which I applied to add at least three more dimensions to the Kraljic matrix.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Una

JANUARY 4, 2023

The Basics of Group Purchasing. Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. By Mackenzie Oakley | January 5, 2023. Search. While cost savings is likely at the forefront of any procurement initiative, the profession continues to evolve with more focus than ever being placed on risk reduction, sustainability, strengthening supplier relationships, compliance and business continuity.

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Purchasing supply chain budgeting Procurement strategies Contract 92