Sat.Jul 18, 2020 - Fri.Jul 24, 2020

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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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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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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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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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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

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.

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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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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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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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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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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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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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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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Optimizing the Healthcare Supply Chain With a WMS

Supply Chain Brain

Hospitals and healthcare facilities may not have large inventories or warehouses, but their complex needs stand to benefit from a warehouse management system.

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4 Ways Technology Can Simplify Inventory Management

EazyStock

Inventory is the biggest entry in the balance sheet of many distribution companies and fast deliveries are becoming increasingly important in today’s digital world – especially as an increasing number of people are working remotely. Failing to stock the right items doesn’t only result in lost sales. Unhappy customers can ruin a company’s online reputation in a few clicks and if you can’t deliver, one of your competitors most likely can.

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Strengthening Procurement-IT Partnerships

ivalua

The post Strengthening Procurement-IT Partnerships appeared first on Ivalua.

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How AEI Tags Are Changing the Way Freight Moves!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Do you have a Freight Management Strategy or are you Spinning your Wheels? AEI tags article and permission to publish here provided by Adrian Brito on behalf of Industrial Networks. In the shipping industry, automatic equipment identification (AEI) tags are the lifeblood of data collecting.

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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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Survey Shows Asian Businesses Facing Huge Liquidity Pressures

Supply Chain Brain

COVID-19 has thrown the global economy into turmoil, interrupting normal operations everywhere, wreaking havoc on supply chains, and causing a severe drop in global trade. Asia, of course, is not immune.

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Utilising P2P Software to Drive Spend Culture – Aman Mann from Procurify

The Procuretech Podcast

Larger organisations tend to use enterprise level ERP systems such as SAP and Oracle, neither of which are particularly user-friendly. In fact, the average person who only uses them to request, approve or receive goods and services will usually find them cumbersome to the point that they find ways around them. Organisations typically react to this by offering solutions such as punch-out catalogues and P-cards, or even third-party integrators and BPO to deal with tail spend.

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Procurement Sustainability Metrics

ivalua

The post Procurement Sustainability Metrics appeared first on Ivalua.

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Supply Chain Weekly Wrap-Up: 07/17/20 – 07/23/20

All Things Supply Chain

Apple targets a net zero carbon footprint for its entire supply chain by 2030 According to Apple, it is already fully carbon neutral where its corporate operations are concerned.

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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 Will Pandemic Reshoring Affect Transportation Providers?

Supply Chain Brain

Here's what we might see if the U.S government decides to take a more active role in driving supply chains away from China.

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Vendor-neutrality copy

Claritum

Introduction. “Vendor - neutral describes a state in which no one vendor can control the definition, revision or distribution of a specification.” Gartner. Allowing for broad compatibility and interchangeability of vendors and technology. Why Does it Matter? Avoid Vendor Lock-In. Relationships with vendors are important, however if this results in the vendor being specified, as opposed to the requirement, this is not a good result.

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Ivalua Spend Analysis

ivalua

The post Ivalua Spend Analysis appeared first on Ivalua.

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Understanding Contract Lifecycle Management (CLM) in Procurement

ProcurePort

In departments like procurement, there can often be so many concurrent activities that it’s hard to keep track of every single one. While a formidable effort needs to be dedicated to the actual acquisition side of things, just as crucial is the supplier management once onboarded. The contract lifecycle management starts the moment a contract […].

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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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The Economics of Sustainability in a Post-Pandemic World

Supply Chain Brain

Here are three segments of your business to reconsider.

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Vendor-neutrality

Claritum

Introduction. “Vendor - neutral describes a state in which no one vendor can control the definition, revision or distribution of a specification.” Gartner. Allowing for broad compatibility and interchangeability of vendors and technology. Why Does it Matter? Avoid Vendor Lock-In. Relationships with vendors are important, however if this results in the vendor being specified, as opposed to the requirement, this is not a good result.

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Jollibee

ivalua

The post Jollibee appeared first on Ivalua.

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Platform or a Collection of Tools: Which One Do You Prefer for your Digital Transformation Efforts?

Solvoyo

Imagine that you’ve decided to make your favorite chocolate chip cookie at home. You opened your favorite recipe, prepared all the ingredients, and pulled out the blender in your kitchen. You then preheated the oven. First, you attach the beater tip to mix the egg and the sugar. Next, the chopper tip for the chocolate. Then, you remove the chopper tip and attach the dough hook for the final mix.

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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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How the Grocery Industry Is Responding to New Consumer Behavior

Supply Chain Brain

This year's supply-chain shocks are forcing grocery retailers to answer to changing consumer needs — and fast.

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How to Deal With Longer Component Lead Times

Supply Chain Brain

Quick and efficient arrival of electronic components is essential for any equipment manufacturer to run successfully, but long lead times are increasingly causing halts in production. Here's a breakdown of today's blockages — and how to deal with the disruption.

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