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From the implementation of Industry 4.0, the increased importance of being sustainable, the rise of supply chain technology or blockchain, the 2010’s saw some significant changes to the supply chain.
The need for organisations to move quickly to protect and grow their business is not new, but through the last decade, the risks for those who don’t have grown. . Think about all those retailers who no doubt thought they would eventually develop a decent online offering – but there was no rush, was there? Or the automotive firms, who watched Tesla with the condescending view that electric cars would just be a fad, until they also realised the true potential.
The RFQ process is an incredibly important part of the procurement process. Without it, businesses would struggle to understand what certain goods and services may cost before an RFP has been issued, which in turn gives businesses a greater understanding of the total costs they are likely to face. Having successful RFQ software in place […]. The post RFQ Software As A Stepping Stone To Procurement Automation appeared first on ProcurePort Blog.
“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.
Events Include Industry Expert Roundtable Discussions Produced in Partnership with the CSCMP NY/NJ Roundtable and Ongoing Relationship with Food Shippers of America. January 6, 2020 – Fair Lawn, NJ – UltraShipTMS is kicking off a 90-day campaign of education and information sharing on the latest innovations and best practices for superior food logistics operations in the new decade.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. Of course, it’s impossible to expect that every company would work within the exact same framework of understanding and messaging, but the lack of being able to communicate can sometimes be the difference between success and failure
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Redwood City, CA – January 16, 2020 – Ivalua, a leading global spend management cloud provider, and OJC Consulting, recognised software solutions implementation and consulting provider, have been chosen to transform procurement operations at Laerdal Medical – a world leading provider of training, educational and therapy products for lifesaving and emergency medical care.
Recently, there have been changes regarding how companies interact with their customers and business partners alike. In the same vein, the era of manual sourcing is eclipsing, while automated procurement solutions are evolving as a result of digital transformation. With the help of strategic sourcing solutions, businesses can maintain better relationships with strategic business partners, […].
Been reading about Blockchain for the Supply Chain? Machine Learning for demand planning and efficient transportation routing? Artificial intelligence (AI) and lights out supply chain management? Chances are, your supply chain logistics operations are not quite ready to embrace these cutting-edge technology-fueled strategies. But that shouldn’t prevent you from at least considering tomorrow’s tech when you’re selecting a TMS platform today.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! To begin I must admit that Costco is one of my favourite stores. I started thinking about the Costco Supply Chain. Stereotypically I almost always buy more than I intended given the unique things that you find in their aisles.
All states want to use public resources wisely and efficiently but doing so quietly is not enough to meet expectations. It must be clearly visible to everyone in the state that procurement is well run. This additional level of requirement provides a perfect opportunity to leverage the capabilities of technology to communicate and centralize spend and supplier information state-wide.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Procurement takes an array of different forms, and each form has a distinct impact on the organization. For example, sourcing materials for manufacturing your products is one form of procurement while sourcing goods and services for internal use is another. Learn about indirect procurement, how to use it effectively and how it can affect your […].
It’s easy for an RFx process to get mired in the weeds. You have to ask the right questions to get the right answers to the most relevant challenges inherent in selecting a technology (and more importantly a provider/partner). Seeking detailed answers to questions about TMS features, functionality, data security and costs is surely important. But, don’t lose sight of the following questions; the answers to which will have a much more critical impact on the overall success (and cost) of your
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Challenges in the Cannabis Supply Chain! Article written by, and permission to publish here provided by, Alan Wood at [link]. Do you find yourself thinking about starting a business in the marijuana industry? Perhaps you are thinking about taking your hobby as a gardener into a full-time cannabis farming.
Coronavirus outbreak to cause Supply Chain disruption Global supply chains are bracing themselves for widespread disruption after the outbreak of the Coronavirus in China.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
What will the new year bring for public sector procurement at the city and county level? While every locale has differences based on geography, demographics, previous technology implementations, budget and current maturity level, there are some areas of focus that we expect to see across the board in 2020. While each municipality may be in a different position regarding each of the 5 areas described below, they all remain prime for improvement, whether from a beginning position to a more mature
As consumers become more eco-conscious, they push brands to adopt more sustainable practices. Many have responded by increasing their reliance on returnable industrial packaging.
Procure to pay has to do with getting goods and supplies from suppliers or manufacturers and paying for them. As a company, it is important to run a procure to pay system if you are concerned about managing cash flow, making profits and doing business with reputable suppliers. In this post, we’ll look at 5 […]. The post 5 Procure to Pay Risks Procurement Teams Could Miss appeared first on ProcurePort Blog.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Case building article written by, and permission to publish here provided by, Ashley Halsey. An effective supply chain is the ironic link that every business requires to join together a well-developed product and the market. Everyone knows that, though not everyone takes the time to properly assess the difficulties of their respective markets.
Supply Chain Sustainability dominates The World Economic Forum in Davos The World Economic Forum 2020 brought world and business leaders together in Davos, Switzerland, where the conversations and discussions were…
In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.
Reverse auctions can bring huge success to your business if they are executed correctly with a well-defined e-Sourcing process. According to the U.S. Defense Logistics Agency, reverse auctions were able to save around $1.6 billion in a single year. Reverse auctions can therefore help you save money, as well as give you the opportunity to […]. The post The Key Difference Between Reverse Auction and Bidding appeared first on ProcurePort Blog.
Last week, Director of Product Management Georg Rösch hosted a webinar that asked the question, “Why is it important to take a holistic approach to supplier management?” His 45-minute presentation outlined the crucial functions of a supplier management approach and the advantages of managing suppliers well which generated a few insightful questions from our audience. .
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Maritime Industry in Search of Blockchain Orchestrator! IMO article and permission to publish here provided by Jenish Sheth. The IMO’s (International Maritime Organization) new Sulphur regulations, IMO 2020, will have far-reaching consequences for the global trade community. During the 17th session of MEPC (Marine Environment Protection Committee) meeting at London on 28th Oct. 2016, International Maritime Organization (IMO)
Maritime Shipping: It’s all smooth sailing despite historic fuel switch Members of the International Maritime Organization (IMO) decided to implement a major maritime fuel change aimed at reducing emissions.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
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