February, 2023

article thumbnail

ChatGPT in Procurement — Revolutionizing the Norm

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. However, what is it? This article will help you know what ChatGPT is.

article thumbnail

The RFQ: A request for quotation how-to guide with template

RPF360

A request for quotation (RFQ) can be a key component in your procurement process. Are you taking advantage of this tool? Explore how the RFQ works, when you should use one and how to write it. This guide also provides examples and templates to help you get started. The post The RFQ: A request for quotation how-to guide with template appeared first on RFP360.

professionals

Sign Up for our Newsletter

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

article thumbnail

When should I engage a procurement recruitment agency?

Procurement Heads

Whether you’re a small business owner or the HR manager of a large organisation, there are several situations when it makes sense to work with a recruitment agency. James Dobbin , Director of Procurement Heads ’ Financial & Professional Services offering, shares some of the most common reasons for engaging a recruitment agency and the benefits they can bring to your hiring process.

article thumbnail

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures.

article thumbnail

How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility.

article thumbnail

4 Ways Manufacturers Can Improve Supply Chain Visibility

All Things Supply Chain

Supply chain visibility has become a make-or-break point for industries and companies worldwide. It is seen as a potential panacea for recent issues and breakdowns.

article thumbnail

Buyer Power Score – Pest Control Services

Art of Procurement

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Pest Control Services appeared first on Art of Procurement.

Buyers 145

More Trending

article thumbnail

Severe graphite shortage looms as EV sales surge

Strategic Sourceror

With more Americans buying rechargeable cars — and several automakers expanding their hybrid and all-electric offerings — the automotive industry is turning to the rare earth metals market. These materials, namely lithium, cobalt, nickel and several others, are critical for manufacturing the lithium-ion batteries electric and hybrid cars need.

article thumbnail

Episode 102: Insuring Against Cyber Liability and Exposure with Shawn Edgington

Una

EPISODE 102 Insuring Against Cyber Liability and Exposure with Shawn Edgington By Kelly Barner | February 15, 2023 ‘Digital’ must be one of the most commonly used words in business conversations today. Its usage extends far beyond IT to include nearly every internal and external effort. With so many of a company’s assets and activities being conducted via digital platforms, why isn’t cyber security more frequently included in those conversations?

Risk 130
article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Ivalua Blog [ivory-search] Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike February 10, 2023 | | Procurement Strategy Mitigating EMEA Inflationary Pressures Through S2P Solutions In the EMEA region, organizations are increasingly facing an uphill battle against inflation – one that can be particularly hazardous when it comes to making procurement decisions.

Price 264
article thumbnail

Supply Chain Weekly Wrap-Up 02/17/2023-02/23/2023

All Things Supply Chain

Uber Freight announce plans for electric trucks in California Uber Freight a subsidiary of Uber Technologies announced plans to deploy their electric trucks on select routes in California.

article thumbnail

The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

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. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

article thumbnail

A Look at the Current State of Procurement Recruiting

Art of Procurement

The last few years in procurement recruiting have been wild – just like the external conditions procurement professionals have been. The post A Look at the Current State of Procurement Recruiting appeared first on Art of Procurement.

article thumbnail

Amazon closes, cancels more warehouses as cost-cutting persists

Supply Chain Dive

The e-commerce giant canceled, closed or delayed 99 facilities in its U.S. fulfillment network, according to a firm tracking the company. Amazon disputed its findings.

article thumbnail

How Warehouses Will Modernize in 2023

Supply Chain Brain

There’s still much to be done to enable operators to take full advantage of the immense amounts of data being collected at every moment of the day within distribution centers.

Data 128
article thumbnail

Episode 104: Leveraging the Power of a Procurement Task Force with Harold Hendrickx

Una

EPISODE 104 Leveraging the Power of a Procurement Task Force with Harold Hendrickx By Kelly Barner | March 1, 2023 With the last few years being as unpredictable as they have been, procurement has experienced a number of mindset shifts – all of which have increased our agility and resilience. In fact, procurement has undergone so many changes that comparisons to the approaches and team models seen in military settings are not out of line.

article thumbnail

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

article thumbnail

3 supply chain challenges AI is solving

SCMR (Supply Chain Management Review)

In recent years, technology advancements such as automation, connectivity, and data analytics have provided opportunities for the supply chain industry to make genuine breakthroughs.

article thumbnail

Supply Chain Weekly Wrap-Up 02/10/2023-02/16/2023

All Things Supply Chain

Germany looks to partner with Japan to Secure Raw Materials The German government wants to increase cooperation with Japan to help secure supplies of raw materials.

article thumbnail

How to Benchmark Supplier Diversity Performance

Art of Procurement

If there were a shortlist of core procurement skills, benchmarking would undoubtedly be on it. And yet, for the ease. The post How to Benchmark Supplier Diversity Performance appeared first on Art of Procurement.

Suppliers 143
article thumbnail

FedEx Office to end SameDay City service

Supply Chain Dive

The carrier’s retail service unit is ditching what it dubbed “the fastest local shipping option” in large metro areas as the shipping giant looks to reduce costs.

126
126
article thumbnail

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.

article thumbnail

Supply Chain Visibility Isn’t Just a Catchphrase; It’s an Imperative

Supply Chain Brain

The rapid growth of direct-to-consumer (D2C) fulfillment models during COVID-19 has decentralized demand, adding to complexity, cost and volatility. Supply chain visibility isn’t just a catchphrase; it’s an imperative.

article thumbnail

Episode 101: Maximizing the Value of Strong Supplier Partnerships with Juli Lassow

Una

EPISODE 101 Maximizing the Value of Strong Supplier Partnerships with Juli Lassow By Kelly Barner | February 8, 2023 After all of the turbulence of the last few years, relationships between procurement and suppliers have reached a place of stability – at least for now. And yet, given their experiences, both groups are re-examining what they want to get from their most strategic partnerships and how to make that possible.

Suppliers 128
article thumbnail

Chinese Manufacturing Moving to Mexico

Procurement Bulletin

Chinese Manufacturing Moving to Mexico In a move that makes sense, many Chinese manufacturers are setting up shop in Mexico. As customers move their business away from China-based suppliers to locations such as India, Vietnam and Mexico, it makes to meet their customers where they’re going for Chinese suppliers. Robots in Retail As AI is taking the world by storm, don’t forget robots are becoming a big part of warehousing, supply chains and retail.

Suppliers 116
article thumbnail

Supply Chain Weekly Wrap-Up 02/03/2023-02/09/2023

All Things Supply Chain

Amazon to streamline operations after unprofitable year After reporting a $2.7 billion loss in 2022, Amazon is now focusing on streamlining operations in an attempt to recover and boost productivity.

article thumbnail

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,

article thumbnail

The Psychological Long Tail of Supply Chain Disruption

Art of Procurement

Traditionally, procurement has been measured on their ability to generate savings and bring spend under management. That has led to. The post The Psychological Long Tail of Supply Chain Disruption appeared first on Art of Procurement.

article thumbnail

Falling truck rates give supply chains chance to cut costs

Supply Chain Dive

Lower demand in the spot market means “there’s no better time for a shipper to find efficiencies," a C.H. Robinson executive said.

article thumbnail

Tesla, GM Among Carmakers Flocking to Mining Events Amid Battery Metals Scramble

Supply Chain Brain

Top automakers including Tesla, General Motors, and Ford are heading out on the mining conference circuit as soaring demand for metals used in electric vehicles ignites a scramble to lock in long-term supplies.

Demand 119
article thumbnail

Reshoring is on the rise; how smart is your factory?

SCMR (Supply Chain Management Review)

Sustained labor cost advantages in Asia complicates the reshoring equation, but a smart factory that offers worker productivity improvements of three-to-five times that of foreign workers makes it financially viable.

article thumbnail

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

article thumbnail

Biden Looking to Promote Clean Energy Manufacturers

Procurement Bulletin

Aldi’s Sets Up More Local Distribution As businesses begin to diversify their supply chain risks as exposed over the last few years, Aldi’s, the grocery chain, has opened a new distribution facility in Loxley, Alabama. This new facility is set to serve 100 of their stores in the Gulf Coast area. Biden Looking to Promote Clean Energy Manufacturers As ESG goals gain more focus from business executives, US President, Joe Biden, is offering a $10b tax credit for clean energy manufacturer

article thumbnail

Cobalt- Congo 21st century’s Blood Diamond

All Things Supply Chain

With the recent technological advancements of the 21st century, cobalt has become a key ingredient of the manufacturing of lithium-ion batteries.

article thumbnail

5 Strategies For Improving Distribution Operations: An Essential Guide

SCMDOJO

Want to streamline your distribution operations? This guide provides you with all the tools you need to make significant positive changes in a few simple steps. Don’t forget to check out our best practices , tools , and a list of helpful supply chain resources on the website! The field of distribution operations is rapidly evolving with the rise of eCommerce, with fierce competition between distributors.

Strategy 109
article thumbnail

How manufacturers can tackle supply chain costs in 2023

Supply Chain Dive

With budgets tightening in an uncertain economy, experts weigh in on how companies can plan for the year ahead and stay resilient.

article thumbnail

7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.