Sat.Feb 25, 2023 - Fri.Mar 03, 2023

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Why Are Procurement Managers Quitting Their Jobs?

Procurement Software

For this week’s opinion piece, I’m looking at a recent article from Procurious. It comments on some data that was released by LinkedIn, showing that there are an increasing number of supply chain professionals and procurement managers who are quitting their jobs. If I quote the article: According to data released by LinkedIn to Bloomberg, in 2020-2021, the average number of supply chain managers who left their jobs, called the ‘separation rate’, increased by 28%.

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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.

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The Procurement Talent Shortage

Una

Pain Points in Procurement Series The Procurement Talent Shortage Discover ways to rectify the procurement talent shortage by attracting and keeping top sourcing candidates. By Hugo Britt | February 28, 2023 Search Welcome to Una’s Pain Points in Procuremenet series. Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges.

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Conditional Proposals — The Ultimate Guide

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Conditional Proposals — The Ultimate Guide Conditional proposals can help you avoid giving something too important for you, especially if the other party does not want to compromise. However, how to utilize it? For this article, we are going to tackle what a conditional proposal is.

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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.

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Top challenges & priorities for CFOs in 2023

Fraxion

As businesses work to recover from the pandemic, they are now facing a new wave of economic uncertainty that will test the resilience of their CFOs. In recent years, the role of the CFO has expanded to encompass a more strategic and transformational focus, requiring more collaboration with the C-Suite, and serving as a trusted advisor to the CEO. In addition to traditional financial responsibilities, CFOs must also drive talent acquisition and retention, automation, technology, digital operation

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Key factors to consider when choosing a recruitment agency

Procurement Heads

There are thousands of recruitment agencies out there, each offering a different set of services and level of expertise. Hayley Packham , Procurement Heads ‘ Operations Director, shares some key factors to consider when choosing a recruitment agency. Specialisation The first thing to consider when choosing a recruitment agency is its specialisation.

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Vendor selection process: Reduce stress with these pro tips

RPF360

The vendor selection process is stressful, but these easy steps can help make it more manageable. Explore vendor selection criteria, weighted scoring basics and best practices from our friends at Lockton Companies HR Technology and Outsourcing. The post Vendor selection process: Reduce stress with these pro tips appeared first on RFP360.

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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today. While inflation has eased from 9.1% last June to 6.5% in December and is expected to fall to 3.1% by the end of this year, business and academic economists pol

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CPO Spotlight: Jeremy Smith

Procurement Heads

For Procurement Heads ‘ latest CPO Spotlight, James Dobbin caught up with Jeremy to hear how much has changed at 4C. Since our last conversation as part of our Big Interview series, how much has changed for you personally and at 4C? I guess personally the biggest change, personally, is that I was recently promoted to Managing Director. That has been interesting, in a good way.

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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.

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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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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.

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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.

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Spring Interim Networking Event

Procurement Heads

In advance of the new financial year, this will be an opportunity for networking and discussion around all things procurement and interim management. If interim management within procurement is your specialism, or indeed if your business has had requirements for quality interim managers in this space, then please join us for a drink or two! Spaces are strictly on a first come first served basis, so please register your interest now by completing the form below to avoid disappointment.

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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.

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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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Innovations to Supply Chain and Logistics: Where Are They Happening?

Supply Chain Brain

Descartes studied 1,000 supply chain and logistics executives in North America and Europe, to determine where they’re placing their innovation emphasis and technology deployment focus.

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[Pod] Procurement 6 – March 3rd, 2023

Art of Procurement

Procurement 6 is a new short podcast from Art of Procurement that will be published in the Art of Procurement. The post [Pod] Procurement 6 – March 3rd, 2023 appeared first on Art of Procurement.

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Supply Chain Design Meets the Reshoring Trend

SCMR (Supply Chain Management Review)

Companies are rethinking globalization and repositioning more of their operations and sourcing closer to home. Here’s how the trend is affecting supply chain design.

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Inside a federally funded strategy to strengthen US lithium supply chains

Supply Chain Dive

The U.S. is behind in its goal to capture domestic production of battery materials. Here’s what one Energy Department-backed group says needs to happen to catch up.

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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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Are Gig Workers Independent Contractors or Employees?

Supply Chain Brain

For the good of the economy at large, we need to grow income opportunities for the nation’s workforce while ensuring fair treatment of workers.

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Shifting Procurement’s Mindset to Face the Challenges of 2023

Una

Shifting Procurement's Mindset to Face the Challenges of 2023 and Beyond Advice for shifting procurement’s mindset to face current-day challenges head on and how to continue driving change, solving problems, and creating value amidst adversity. By Hugo Britt | March 2, 2023 Search Ever since he burst into America’s collective consciousness in the 1930s, Superman has seemed unstoppable.

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[Pod] Key Takeaways From Digital Outcomes 2023 w/ Philip Ideson and Kelly Barner

Art of Procurement

“I was fascinated to realize that all of these different speakers who had not coordinated in any way beforehand, and. The post [Pod] Key Takeaways From Digital Outcomes 2023 w/ Philip Ideson and Kelly Barner appeared first on Art of Procurement.

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Amazon pulls back from UPS as it builds out logistics empire

Supply Chain Dive

While UPS' priorities have shifted, Amazon’s capabilities have transformed. But both face obstacles that could complicate plans to reduce business with each other.

Logistics 114
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GEP Outlook Report 2024

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.

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In a Tight Labor Market, Growing DCs Choose Robotics

Supply Chain Brain

Warehouse automation is gaining traction among operators of manual distribution and fulfillment centers amid demand pressures, customer expectations driving e-commerce, workforce churn and shortages, and an emerging mix of larger and more complex facilities catering to last-mile delivery.

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Key criteria for selecting procurement tech you wont regret buying: eWorld dispatch 1

Spend Matters

Categories: Conferences , CSR , Procurement Strategy & Planning Tags: Conferences and Events To help Procurement cut through the minefield of vendors in the market and get straight to a shortlist of relevant solution providers, Spend Matters analysts need to discover and get to know as many vendors as possible across a multitude of categories from sourcing through to payments, from established players through to emerging ones.

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Europe Turns Gas Crisis Into Renewable Energy Revolution

Procurement Bulletin

Europe Turns Gas Crisis Into Renewable Energy Revolution In an amazing display of action, Europe has turned its gas crisis from just a year ago into a revolution of clean energy. At the end of 2022, Europe’s combined renewable energy production (wind and solar) overtook natural gas. Breakthrough in Battery Recycling One of the biggest criticisms of electric vehicles (I own one!

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A step-by-step guide to successful supplier negotiations

Supply Chain Dive

Procurement teams need to be prepared with good reasons as to why their vendor should lower prices. Here’s what to consider before asking for lower costs.

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The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

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BASF to Cut 2,600 Jobs as Energy Crisis Puts Germany on Track for Recession

Supply Chain Brain

Germany’s economy has faltered because of the energy crisis. German GDP fell by 0.4% in the final three months of 2022, according to data published February 24 by the country’s Federal Statistics Office.

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Stressed out supply chains: Elevated freight and labor costs still an issue

SCMR (Supply Chain Management Review)

Even as some easing has taken place, increased freight and labor costs are keeping the pressure on supply chains.

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Modern Warehousing: 3 Ways How Technology is Changing the Game

SCMDOJO

Modern warehousing has come a long way, and technological advancements have played a significant role in the evolution of the industry. With new technologies and advances in distribution center design, modern warehouses are becoming more efficient, accurate, and cost-effective than ever before. In addition, technology integration has enhanced the efficiency and accuracy of warehousing and distribution centers, from internet-connected devices to drones and robots.

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Despite big gains in New York, Los Angeles remains top port in 2022

Supply Chain Dive

A two-million TEU gain since the pandemic helped the New York port rise to the #2 spot in annual rankings, and even capture the top spot for a few months last year.

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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.