Sat.Feb 26, 2022 - Fri.Mar 04, 2022

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The impact of Russian Invasion on Global Supply Chains

All Things Supply Chain

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.

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Finding Meaning in Your Supplier Master Data

ProcurePort

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, […].

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Top Ten CPO Priorities for 2022

ivalua

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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Record Lead Times Show More U.S. Inflation in Supply Chain Mess

Supply Chain Brain

The supply squeeze on the U.S. economy tightened further in February, indicating no relief for domestic producers and pointing to persistent inflationary pressures.

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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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Supply Chain Weekly Wrap-Up 02/25/2022- 03/03/2022

All Things Supply Chain

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.

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The Importance of Supply Chain Collaboration

ProcurePort

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 […].

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Does Just-in-Time Inventory Really Enhance Cash Flow?

Supply Chain Brain

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.

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What the UK labor shortage means for warehouse workers

All Things Supply Chain

From Brexit to the COVID-19 pandemic, several factors have led to the instability of the UK’s labor market.

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Delivering Value with Robotic Process Automation in Procurement

ProcurePort

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.

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4 Questions to Ask Your 3PL!

Supply Chain Game Changer

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

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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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Energy Firms Snap Up Russian Gas as Europe Seeks Alternatives

Supply Chain Brain

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.

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The Benefits Of Ethical Procurement

Barkers Procurement

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

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Electronic Invoicing – the 4-cornered model explained

Purchasing Insight

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.

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Ways to Make Work Enjoyable!

Supply Chain Game Changer

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?

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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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Will West Coast Longshore Labor Talks Stall Again?

Supply Chain Brain

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.

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How to successfully implement just-in-case inventory management

EazyStock

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

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Day in the life of a Supply Chain Leader: Discover The Future of Planning

Solvoyo

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.

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Tips to Secure Your Digital Wallet!

Supply Chain Game Changer

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.

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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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Russian Invasion Smothers Supplies From World’s Breadbasket

Supply Chain Brain

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.

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Why purchasing internal controls matter

Fraxion

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.

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Why companies should pre-qualify their suppliers.

Procurement Express

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

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Key Benefits of Increased Visibility in Last Mile Delivery!

Supply Chain Game Changer

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.

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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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Truckers Say This Is the Worst Time for Biden’s Plan to Cut Emissions

Supply Chain Brain

President Biden is close to proposing new limits on nitrogen oxide emissions from trucks that environmentalists say are long overdue. But the industry says the timing couldn’t be worse as it fights a driver shortage and supply chain woes.

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What are the fundamental differences between just-in-time and just-in-case stock control?

EazyStock

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.

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The difference between an RFI, RFQ and RFP.

Procurement Express

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.

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The Supply Chain Renaissance Readiness Poll!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Supply Chain Renaissance Has Begun! We believe that we are on the verge of a Supply Chain Renaissance. A period of time in which people, technologies, cultural demands and amenability, and motivation will all conspire to launch a long period of rebirth in Supply Chain. While we discuss what this means in our article “ The Supply Chain Renaissance Has Begun “, we thought we would conduct a poll amongst our read

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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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Big Oil Walks Away After Decades in Russia

Supply Chain Brain

First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.

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JAGGAER Appoints Justin Sadler-Smith to Senior Vice President Europe

Jaggaer

The post JAGGAER Appoints Justin Sadler-Smith to Senior Vice President Europe appeared first on JAGGAER.

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Procurement 2022: Big Trends & Predictions Part 2 – Inflation Ahead

CPO Rising

For nearly a decade, our team gathers to discuss and review the prior year and lay out plans for the new one. We review, in depth, the key findings and trends from the prior years’ market research studies. We also discuss the highlights and takeaways from the previous year’s briefings delivered by solution providers, consultants, […].

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The Main Stages to Get Your Bitcoin Trading Account!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How Android Phones Make Bitcoin Trading Easier! Are you searching for the steps or procedures that a person must follow to open a bitcoin trading account? If you do, you have landed on the right site. The steps for opening a bitcoin trading account are pretty simple, and any person with a bit of knowledge of computers can do it.

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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.