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Russia’s invasion of neighboring country Ukraine has prompted global leaders across the world to respond with economic sanctions, as well as pledging support for Ukraine in various ways.
The supply squeeze on the U.S. economy tightened further in February, indicating no relief for domestic producers and pointing to persistent inflationary pressures.
Did you know that poor data analytics costs the United States more than $3.1 trillion per year, and companies anywhere between $9.7 million and $14.2 million per annum? Your supplier data is incredibly invaluable and embracing it may increase your business’ operating margins by up to 60% according to McKinsey. Despite the clear business advantages, […].
“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.
European leaders talking up plans to wean the continent off Russian natural gas are facing a harsh reality: energy companies are buying more as the war rages in Ukraine.
TOP TEN CPO PRIORITIES for 2022: Webinar Recap. In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurement strategy in 2022? . Vishal Patel, VP of Product Marketing, Ivalua and Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader, The Hackett Group discussed disruptive trends and growth projections across a variety of Procurem
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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.
TOP TEN CPO PRIORITIES for 2022: Webinar Recap. In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurement strategy in 2022? . Vishal Patel, VP of Product Marketing, Ivalua and Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader, The Hackett Group discussed disruptive trends and growth projections across a variety of Procurem
Supply chain collaboration is a common practice in the supply chain industry. It occurs when different autonomous firms collaborate or team up to execute supply chain tasks and operations. Collaboration is a cooperative strategy because two or more business units cooperate to realize mutual benefits. Collaboration can deliver substantial benefits to collaborators because different autonomous […].
Brands sever supply chain ties with Russia A growing list of corporate giants in various industries have decided to cut ties with Russia due to its invasion of Ukraine.
For many businesses, the past year exposed the fragility of their cash flow and working capital. The pandemic, coupled with supply chain disruptions and erratic consumer demand, wreaked havoc on companies facing both internal and external pressures.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is a 3PL? The Ultimate Guide Including Definitions of 1PL, 2PL, and 4PL! Working with a 3PL can be an excellent option for organizations that want to streamline their supply chain and unburden themselves of duties and expenses that they are not equipped to handle in-house. Of course with a lot of third party providers out there, you need to take the time to compare and contrast competing partners before you come to a dec
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
Robotic process automation in procurement is fit for repetitive tasks that follow well-set-out rules requiring little human intervention. When well set out in a procurement department, staff can concentrate on higher-value tasks such as strategic planning and innovation. RPA projects can deliver up to 300% return on investment within 12 months of implementation.
Ethical procurement policies provide clear guidance for sourcing supplies and establishing internal and external relationships essential for daily operations and long-term growth. Today, more companies realise that providing a high-quality product or service is not enough to gain a market advantage. What is ethical procurement? Ethical procurement is a company’s code of conduct that drives everything from hiring and training talent to sourcing cost-effective supplies from socially respon
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Tips to Build a Healthy Work Culture! For the majority of us, work is the only way of getting the resources needed to support our day-to-day life. However, more often than not, work is often unenjoyable and only done due to pure necessity. Imagine, however, actually enjoying your work and going into to work every day?
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.
In the early 1980s, just in time supply chain management emerged as a way for businesses to reduce stock levels and only hold items that were needed to fulfill known orders. In recent years, and particularly since the coronavirus pandemic, just-in-case (JIC) supply chain management has become more popular. This takes a more cautious approach, where companies carry more stock and add redundancy into their supply chain, so they can respond to unexpected surges in demand or mitigate supply disrupti
The e-invoicing ‘industry’ has been banging on about the 4-cornered model for years. But after years of whistling in the wind it is time to call it out for what it is – bleedin’ obvious. The post Electronic Invoicing – the 4-cornered model explained appeared first on Purchasing Insight.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Prevent Shipping Damage! (Infographic). Have you heard stories of engagement rings going wrong before? Yes, an engagement ring can get damaged and, if you are not careful, you may not realize it until it’s the big day. Most of the damages reported have occurred during shipping as most people order engagement rings online.
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.
Effective supply chain management begins with aligning supply, demand, and inventory planning according to business strategies. You need integrated, automated, and intelligent planning systems to manage millions of daily decisions. The post Day in the life of a Supply Chain Leader: Discover The Future of Planning appeared first on Solvoyo.
U.S. importers and exporters are bracing themselves for the possibility of a strike — or, at the very least, a damaging worker slowdown — by dockworkers at West Coast ports, as management and labor seek accord on a new longshore contract.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Digital Wallet Safety Measures! Bitcoin security all depends on the digital wallet , but how do you secure your digital wallet? Do you practice securing it? Most people will say no to it because due to a lack of knowledge and awareness. If you think your investments are safe after buying the digital wallet, it is not true because if you must secure your digital wallet.
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.
Achieving purchasing control is challenging for organizations, large or small, without adequate visibility or technology to guide and inform spending behavior. By underpinning processes with consistent, internal purchasing controls you can strengthen your strategy and protect your organization via thorough authorization practices.
Thanks to our years of experience in the procurement industry, we understand how important it is to pre-qualify a supplier before committing to a contract. However, we know that it might not be clear to all companies why this is such an important point. But pre-qualifying your supplier is something that can save you a lot of trouble down the road. If your company isn’t following this practice, or you don’t have a clear grasp of its importance, this article will be your guide as well as teach how
After years of growing increasingly reliant on cheap and abundant wheat supplies from Russia and Ukraine, the world’s grains buyers are being forced to hunt elsewhere as flows from both countries dry up.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Visibility Has Never Been More Important! Last-mile delivery visibility is key to business success. In fact, 93% of customers say they want to be informed with increased visibility throughout the entire delivery journey, from in-transit status through to final arrival date.
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
JIT v JIC stock management. For years companies have operated a just-in-time (JIT) supply chain model, only ordering stock items when necessary and carrying minimal inventory to reduce carrying costs. The pandemic has led to various global supply chain issues , such as increased demand volatility and trouble with stock availability. This has seen a switch to just-in-case (JIC) inventory management as companies raise their stock levels to avoid the risk of running out.
One of the things we’ve learned is the importance of choosing the right supplier, and a key aspect of that decision is knowing what kind of request you need to make. After all, it’s what will give you the information you need to make the right decision. While at first glance the difference between them might seem confusing, each type of request has a specific purpose.
Russia’s invasion of Ukraine has disrupted projects at a raft of global tech companies, and employers are now arranging escape plans for their workers.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. An Overview of Cryptocurrencies! The interest of investors in cryptocurrencies is increasing because of their performance and efficiency. You can easily exchange funds and payments via the internet now, and buy different modes of crypto. Tokens are also produced in exchange for goods and services, and these virtual funds have taken over the new generation while eliminating paper money.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
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