Sat.Jun 04, 2022 - Fri.Jun 10, 2022

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The future of Hybrid Working in Supply Chain

All Things Supply Chain

Since the pandemic started, hybrid work models had to be adopted by companies in all kinds of industries.

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What’s Inspiring Supply Chain Leaders Now

ProcurePort

• The coronavirus pandemic is nearly over. Global supply chains are gradually getting back to their former efficiency and economies are beginning to pick up. • All of this is of course welcome news for a lot of supply chain leaders for whom the past two years have been nothing short of a nightmare. With […]. The post What’s Inspiring Supply Chain Leaders Now appeared first on ProcurePort Blog.

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T-Mobile’s approach to boosting diversity throughout the supply chain

Procurement Leaders

Challenge. Like an increasingly large number of companies, T-Mobile sees huge potential benefits from increasing the diversity of its supply base – for two particular reasons: As society becomes more diverse, those companies which do not invest in diversity, equity and inclusion (DEI) initiatives risk being left behind, while those that do can have a positive impact on their customers, suppliers, employees and communities.

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IT procurement guide: How to, tips and templates

RPF360

IT procurement is a mission-critical function in any organization -- but how can you be sure you're selecting the right vendor? Explore how to easily compare vendors, functionality and more using the RFP process paired with RFP management software. The post IT procurement guide: How to, tips and templates appeared first on RFP360.

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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 06/03/2022-06/09/2022

All Things Supply Chain

Shanghai supply chain struggles start to ease but challenges remain Logistics experts have reported that activity has returned to about 80% of levels seen before Shanghai’s COVID-19 lockdowns, showing signs…

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Top Vendor Management Problems and How to Overcome Them

ProcurePort

• Most companies rely on secondary systems to store and manage information on their vendors. Most times, it is an accounting or payables management system. • Yet, such systems are not sufficient in an environment where the company has tens or hundreds of vendors. Companies can get away with this when the supply chain is […]. The post Top Vendor Management Problems and How to Overcome Them appeared first on ProcurePort Blog.

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Supply Chain Officers Must Face Five ‘Urgent’ Risk Areas, Gartner Says

Supply Chain Brain

From nature to military operations, the ability to offset weaknesses against predators is a key survival strategy. Today’s supply chain leaders should take note.

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Should You Reinvest Your Crypto Gains?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Cryptocurrency Functions! Cryptocurrencies are the most lucrative assets in the world right now. However, like any other investment, it has its drawbacks and disadvantages. An example of this is the market’s unpredictability, which is capable of causing serious damage to your portfolio.

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5 Reasons Why and How to Measure Vendor Performance

ProcurePort

• Supplier performance concerns primarily the ability to meet specific supply requirements. • The statement of work and the supply contract represent two documents highlighting all the supplier’s expectations and work expectations. • There are many methods (and tools) to assess supplier performance. Some of these tools are paper-based, while others are digital or automated. […].

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The Race Towards Carbon Neutrality: Procurement on the Frontline Understanding Decarbonization to Make the Right Moves

ivalua

The post The Race Towards Carbon Neutrality: Procurement on the Frontline Understanding Decarbonization to Make the Right Moves appeared first on Ivalua.

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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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U.S. Supply Snarls Ease as Truck Capacity Rebounds

Supply Chain Brain

A gauge of supply chain pressure in the U.S. economy fell to the lowest level since December 2020, as activity such as trucking cools from elevated levels with few signs yet of a worrying collapse.

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How does your tech stack, stack up?

EazyStock

Working in supply chain or inventory management can be busy and stressful. Keeping on top of your to-do list, building supplier and customer relationships, and tracking orders and deliveries is challenging even for the most organized and efficient inventory manager. We all use apps in our personal life. Whether paying using our phones, watching TV on the go, ordering in restaurants, or booking a taxi, they make our life easier.

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Dealing with price increases in 4 easy steps

Positive Purchasing

Amid today’s unprecedented inflationary environment, Jonathan O’Brien considers a four-step sequence of tactics that procurement professionals can use to handle suppliers’ price increase demands, minimize their impact and stay in control. Make no mistake, prices are rising, and we won’t see an end to the current inflationary environment for at least a year or two.

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Don’t Miss Out on a New Roundtable Hosted by Ardent Partners and The Future of Work Exchange

CPO Rising

Ardent Partners is back in-person on June 14 at the Harvard Club in Boston from 9:30 a.m. to 1:30 p.m. hosting its inaugural Future of Work event. An invitation is open to procurement executives passionate about the intersection of market trends and workforce dynamics. Click this link to reserve your seat. Consider Ardent Partners’ 2022 […].

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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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FDA Prepares to Broaden Traceability Requirements for Food Supply Chains

Supply Chain Brain

The U.S. Food and Drug Administration is cracking down once again on food producers, with a new and tougher requirement for product safety and traceability. .

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Arkestro Named Value Leader in Spring 2022 Spend Matters SolutionMap

Arkestro

In June 2022, Spend Matters released the Spring SolutionMap procurement technology benchmarking rankings. This year’s cycle featured 69 leading vendors across ten different technology categories. Spend Matters’ analysts ranked Arkestro’s Predictive Procurement Orchestration platform as SolutionMap’s Value Leader in Sourcing for small, medium, and large enterprises.

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Procurement must rethink the supply base role

Positive Purchasing

The supply base has changed beyond recognition – how do we manage this dramatic difference and what is the role of SRM? Procurement has always operated within a changing landscape. But, in recent years, developments in the supply base have been nothing short of unprecedented. As if a global pandemic was not enough to contend with, the world has finally started to focus on sustainability and climate change and these recent developments are transforming much of our supply base.

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Transferable Skills and Carving a Career Path in Procurement with MD at Participation, Simon King – Episode 57

Procurement Talk with David Byrne

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Episode show notes “In procurement, you’re trying to get meetings with people who don’t want to see you, persuade them to do things they don’t want to do, and negotiate a deal. Procurement and sales are very similar in … Continued. The post Transferable Skills and Carving a Career Path in Procurement with MD at Participation, Simon King – Episode 57 appeared first on Talent Drive.

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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 Future of Supply Chain Is Human-Centric: Gartner Conference Highlights

Supply Chain Brain

What does the future of supply chain hold? According to analysts at Gartner Inc.'s Supply Chain Symposium, we should expect a substantial reinvention of supply chain management.

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Local sourcing – is it for everyone?

Skill Dynamics

Since the 1980’s supply chains have become increasingly global and cost has been a dominant factor in this shift. In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. In doing so, they fired the starting gun on far-shoring.

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Relationship-based supplier segmentation (FORT model)

The Good Spending

The relationship-based supplier segmentation model In our earlier post, we provided a comprehensive view of the theoretical and practical aspects of outsourcing. Recently, we came across a model to segment vendors by relationship types. It's not only sound in the context of outsourcing but may be applied to structure your supplier relationship management (SRM) strategy.

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CPO Rising 2022: The Data Revolution Is Here

CPO Rising

With the release of my 17th annual “State of Procurement” and Chief Procurement Officer research study, my team and I continue our two-decades-long dialogue with CPOs and procurement leaders. And one thing is clear: The competencies and capabilities of procurement organizations continue to evolve and expand. Specifically, in this year’s report, CPO Rising 2022: The Data Revolution, CPOs […].

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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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Seven Tried-and-True Ways to Improve Your Supply Chain

Supply Chain Brain

Here are some steps organizations can take to prevent or overcome unexpected supply chain shocks.

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Ticket Priorities and Roadmap

Procurement Express

Here’s how we handle new tickets at ProcurementExpress.com. When you start a chat, we aim to reply within 1 minute and for emails, it’s 10 minutes. Our support is active from 3 am to 6 pm Central time. . If it’s a question we can help you with on the chat, we always aim to do this. But if it’s something we need to create a development ticket for, we’ll create the ticket and communicate that with you.

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JAGGAER Appoints Scott Byrnes to Senior Vice President of Global Marketing

Jaggaer

The post JAGGAER Appoints Scott Byrnes to Senior Vice President of Global Marketing appeared first on JAGGAER.

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Procurement Experts on CPO Rising — Maximizing Patient Outcomes

CPO Rising

Our “Procurement Experts on CPO Rising” series continues today with Part One of an excerpt from my 2022 episode of the Procurement Rising Podcast – John Dickson, Chief Procurement Officer at AstraZeneca (click to listen to the full interview). Note that this excerpt has been edited for readability. Andrew Bartolini: One of the things that I really like […].

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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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Driverless Trucks to Deliver Toilet Paper to Dallas Sam’s Clubs

Supply Chain Brain

Self-driving trucks will soon make deliveries to Walmart Inc.’s Sam’s Club stores in the Dallas-Fort Worth area, marking a significant expansion of autonomous vehicles operating in live traffic.

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PMI’s approach to functional transformation to support a smoke-free future

Procurement Leaders

Challenge. In 2016, Philip Morris International (PMI) first announced its commitment to a ‘smoke-free future’. This involved the company aiming to shift at least 40 million of its adult customers from cigarettes and other combustible tobacco products to smoke-free alternatives by 2025. In March 2021, the company announced an ambition for smoke-free products to account for more than 50% of its total net revenues, also by 2025.

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How to Build Customer Loyalty!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 7 Ways to Create a Great Customer Experience! As a business owner, you understand that your customers are why your business exists. Therefore, it’s vital to consider them in everything you do. Your buyer’s needs should be your company’s number one priority; this will boost your sales and build customer loyalty for the foreseeable future.

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Supply Base Optimization: 6 Steps to Ensure Success

Procurify

Written by: Delaney Rombough. As businesses grow and scale, oftentimes, so does their supply base and the number of suppliers they work with. As you grow, you want to optimize your supply base. According to Industry Star, most businesses spend 80 percent of their cost of goods sold (COGS) with just 20 percent of their suppliers. . Supply base optimization ensures that you are focusing on working with suppliers that are the most productive and beneficial to your business. .

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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.