July, 2020

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Re-establishing the Enterprise’s Risk Appetite

All Things Supply Chain

Since risk is a reality in business, and ‘certainty’ is an extremely expensive proposition, an enterprise’s appetite for risk has always been measured on a sliding scale.

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Innovation Begins With A Question

ivalua

Innovation is a difficult subject for many organizations. Some companies try to radically innovate, while others take an incremental approach. Some will look to outside sources for solutions and inspiration, whereas some tap into the knowledge that exists within the organization. Sometimes innovation occurs by accident, other times it is the result of a methodical approach.

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Avoiding Procure to Pay Cycle Pitfalls

ProcurePort

The procure to pay cycle is made up of a series of processes and procedures all related to the procurement, and payment for goods and services. Companies and organizations of all sizes use procurement teams to secure the goods and services needed to build goods or provide services to the end-customer. As with any department […]. The post Avoiding Procure to Pay Cycle Pitfalls appeared first on ProcurePort Blog.

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Why the U.S. Can’t Break China’s Monopoly on Rare Earth Metals — Part 2

Supply Chain Brain

It's unrealistic to believe the U.S. can break China’s monopoly over the rare earth element market through private investment and the opening of new domestic mines.

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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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How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! (Video). Digital Supply Chain evolve article and permission to publish here provided by Megan R. Nichols. People often position the digital supply chain as essential for helping today’s businesses succeed. What a digitized supply chain entails, though, changed over the years due to the evolution of technologies and how people use them.

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Bye Bye Barry’s Bikes and Baking Powder – Supply Chain Upheaval Prompts Flight to Technology

Supply Chain Collaborator

I went down to Barry’s Bikes in my hometown to buy some inner tubes from the bike shop that had been a fixture in my town for decades. Sadly, my bicycle tires are still flat because Barry’s storefront was shuttered. To console myself over the loss of this beloved local landmark, I decided to bake a carrot cake, but I was out of baking powder. At the grocer, the entire shelf of baking ingredients was bare.

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Ivalua Achieves FedRAMP Ready Designation

ivalua

Federal Agencies now have fast-track access to market-leading, cloud-based technology to digitally transform government acquisition. REDWOOD CITY, Calif., July 20, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that it has achieved FedRAMP Ready status for moderate impact certification and is listed on the FedRAMP Marketplace.

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RFQ Meaning: Understanding a Request for Quote Procedure

ProcurePort

The procurement process is all about creating reliable, resilient, and sturdy supply chains, while improving time, efficiency, and savings. This combination of goals is achieved through various procedures and processes that can be standardized, customized, and fulfilled all through procurement software. With the help of knowledgeable employees empowered to use it of course.

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How Supply Chains Can Weather the Next Pandemic Wave

Supply Chain Brain

The key to mitigating abrupt and unexpected disruptions in any company’s global supply chain is timely, actionable information.

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Why Do Companies Still Not Have a Chief Supply Chain Officer?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Should Lead the Boardroom … the Coronavirus Proves it! Chief Supply Chain Officer article and permission to publish here provided by Sam White at argentus.com. At Argentus, we’ve long written about how crucial Supply Chain leadership is to business strategy. With the myriad challenges raised by COVID-19, we feel confident saying that it’s more important than ever before.

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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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Hello Automated Procurement, Goodbye Tedium

Jaggaer

How much do you enjoy routine tasks such as updating dozens of price lists, generating purchase requests, and entering and reviewing information for multiple suppliers? Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic tasks that add value to the organization and make work more satisfying and rewarding for a procurement professional.

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Small Space? Here’s How to Increase Your Warehouse Storage

All Things Supply Chain

According to The Wall Street Journal, the supply of warehouse space in the United States most likely caught up to demand at some point during 2018.

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Achieving Compliance with European Banking Authority (EBA) Guidelines on Outsourcing

ivalua

The revised European Banking Authority (EBA) Guidelines on Outsourcing came into effect on September 30 th of 2019. They update former guidelines on the subject from 2006 and specifications on cloud services outsourcing from 2017. They apply to a broader audience than the previous rules : now including not only banks but also credit institutions, investment firms, electronic money institutions and payment providers, all of whom must abide by these guidelines.

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What is Strategic Sourcing? Your Procurement Guide

ProcurePort

What is strategic sourcing? According to businessdictionary.com strategic sourcing is defined as “A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly re-evaluated to optimize value to the organization.” To add on, strategic sourcing allows organizations to leverage their purchasing power so they can achieve the best […].

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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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What Neuroscience Can Teach Us About Repairing Fractured Supply Chains

Supply Chain Brain

As the pandemic begins to recede in some countries and global businesses take steps toward recovery, what will reemerging supply chains look like?

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The Parallel Supply Chain … A Twilight Zone Strategy?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! What’s Normal Anyways? The Coronavirus pandemic has resulted in lockdowns of enormous portions of the global population and its businesses. The unprecedented disruption in these Supply Chains and the economy, along with panic buying (eg. toilet paper ) and extraordinary demand for PPE (Personal Protect Equipment) has brought the subject of a Parallel Supply Chain to the forefront

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How to move IBP from a Tired Old Process to an Executive Decision Factory

Supply Chain Trend

When I was IBP manager at a multi-billion-dollar CPG company about 10 years ago, I remember a marketing director telling me just before the executive IBP meeting; ‘Niels, this feels like going to the dentist every month’. I agreed with him. Back then, preparing for a monthly IBP meeting was a painful, tedious effort, with my full planning team consumed and running overtime to get the IBP decks out in time.

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The Business Benefits of a Sustainable Supply Chain

All Things Supply Chain

Whether your business provides products or services, your supply chain is at the heart of brand and business success.

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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4 ways IT & Procurement team collaboration increases resilience

ivalua

The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. The coronavirus pandemic continues to impact every area of our lives and our businesses in ways that were unimaginable just a few months ago. Whether you are returning to the office or remote working, we are all continuing to assess how we have coped, how we have changed and what we have learned.

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Enhancing the RFP Process for a Stronger Supplier Relationship

ProcurePort

The supply chain is a vital aspect to any organization in any industry. Developing a book of suppliers and vendors that are trustworthy, reliable, and actively respond to RFPs is a challenge for every procurement team. Enhancing the RFP process can help organizations in building a library of suppliers and vendors that they can turn […]. The post Enhancing the RFP Process for a Stronger Supplier Relationship appeared first on ProcurePort Blog.

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How the Pandemic Taught a Lesson to Food Supply Chains

Supply Chain Brain

Among the many “gifts” of the coronavirus pandemic is a hard lesson about the fragility of food supply chains.

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How to Do More With Less in Your Last Mile Service!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Last Mile Delivery! What is your Strategy? Last Mile Service article and permission to publish here provided by Raanan Cohen at bringg.com. When we look at the industry leaders, the forecast for the logistics market is clear. Amazon’s continued success at omnichannel delivery and fulfillment, including one-day delivery for Prime subscribers, has increased the pressure on retailers and shippers to provide faster, lower priced,

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Achieving autonomous or “lights out” supply chain planning

Supply Chain Trend

Operating in the supply chain world, it’s hard to not come across terminology like supply chain planning 4.0, “light touch” planning or “lights out” planning. All have generated a lot of hype over the past few years … and for good reason. Considerable progress has been made in technology in recent years, continuing at a dizzying pace. Autonomous development is happening in most major car companies with the promise of self-driving cars everywhere within a few years.

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Supply Chain Weekly Wrap-Up 07/10/20 – 07/16/20

All Things Supply Chain

Report: Last-Mile Delivery is the Most Inefficient Process for More Than Half of North American Companies The transportation and logistics (T&L) industry has experienced significant disruptions due to the steep…

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COVID-19 hindering sustainability initiatives, reveals research

ivalua

A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices. 16th July 2020, London – Research from Ivalua, a leading provider of spend management cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic. According to the study, almost all (95%) UK businesses have plans in place to address environmental concerns in the supply chain over the next 12 months; h

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An RFI Template Your Procurement Team Can Easily Follow

ProcurePort

We all know that in business, time is money. As a procurement professional whose job is to secure reliable vendors for clients, it is imperative to take advantage of all the resources available to you such as automated RFI templates to make the outsourcing process more efficient. When first engaging potential suppliers, you may request […]. The post An RFI Template Your Procurement Team Can Easily Follow appeared first on ProcurePort Blog.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.

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How to Better Track Your Freight Shipments

Supply Chain Brain

In today’s world, there are very few reasons why freight shipments are delayed. With high-tech tracking and transportation-management systems, following a shipment is something that anyone can do.

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What are Incoterms?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What’s the Difference Between Freight Management and Logistics Management? Anyone in Supply Chain has likely heard the phrase “Incoterms”, certainly if you are involved in Freight and Logistics management, or perhaps in Finance. Even if you haven’t heard of “Incoterms” you are more likely to have heard of terms like “Ex Works”, “Free on Board” or FOB, or “DDP&#

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The Key to Successful Procurement Negotiations? Be Prepared!

Jaggaer

Supplier negotiation skills are essential for anyone working in procurement. It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer -supplier relationship. It’s often said that the most challenging negotiations are not the ones with suppliers, but rather the internal ones.

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A methodology of resilience – How supply chains become more robust

All Things Supply Chain

Due to the enormous impact of the coronavirus pandemic on global supply chains, many companies are struggling to keep themselves ticking over.

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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.