Sat.Aug 27, 2022 - Fri.Sep 02, 2022

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Procurement vs. purchasing vs. sourcing differences

RPF360

When you’re buying for your business, what do you call it? It seems like an easy question, but there are a lot of terms that refer to this process. On the surface, they all seem to mean the same thing. Some call it procurement. Others say purchasing. And, still others call it sourcing. Knowing [.]. The post Procurement vs. purchasing vs. sourcing differences appeared first on RFP360.

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The Supply Chain Renaissance Has Begun! - Supply Chain Game Changer™

Supply Chain Game Changer

Emerging from the pandemic and the global Supply Chain disruption that it caused, we are now entering the Supply Chain Renaissance.

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Managing Returns: 5 Factors to Review Before Implementing Your Returns Strategy

All Things Supply Chain

Your eCommerce returns policy is critical to convincing consumers to click the Buy button.

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Cost Savings vs Cost Avoidance — 3 Crucial Differences

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Cost Avoidance vs Cost Savings — 3 Crucial Differences. Saving money is a good way to help the organization achieve its goal. With the additional savings, the organization can use it to purchase or invest in things that will make it develop more.

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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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Interim Insight

Procurement Heads

What are the benefits of hiring an interim procurement professional? Interim procurement practitioners are predominately highly experienced individuals who have made a conscious decision to deliver project-based or programme-related outcomes. Due to their extensive knowledge and ability to ‘parachute’ into organisations at short notice, interim hires are an attractive offering for many businesses in need of immediate support.

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An Introduction to Contract Management: How does it Work?

ProcurePort

• If you’re looking for ways to manage spending and improve your profit base you cannot afford to overlook contract management. • You see, according to analysts from PricewaterhouseCoopers, effective contract management can save businesses up to 2% of their annual costs. And without an efficient contract management strategy, companies stand to lose 9.2% of […].

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E-Invoicing — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. E-Invoicing — Everything You Should Know. E-invoicing changes the way payments and billings in procurement are done. It has been around for a long time and now it gets the spotlight that it deserves. However, we are sure that not all of you know about this.

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Head2Head with Peter Aves

Procurement Heads

Tell us a bit about your background. I am the Chief Finance and Operations Officer at Pool Re. I am now actually the longest-serving member of staff at Pool Re and have been here for 13 years. I am a chartered accountant, before joining Pool Re I had a number of roles, none of which were in insurance, I kind of fell into the role here. My main role here is primarily that of being a CFO, but one of the things I like about it here is that it is a fairly small business so we tend to have quite broa

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Analytics in Procurement: The Ultimate Guide in 2022

ProcurePort

• The use of data for decision-making has grown extensively over the last decade. Leaps in data use and data leverage are courtesy of new technological developments in spheres like cloud computing, big data, analytics, and automation platforms. • Procurement analytics simply relates to how organizations use big data in terms of procurement spend analytics […].

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How AI Technology Can Improve Inventory Management

Supply Chain Brain

There’s a pressing need to make inventory management more flexible, resilient and stable. Many companies are turning to artificial intelligence as a solution.

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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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E-Procurement — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. E-Procurement — Everything You Should Know. E-procurement has been adopted by many organizations as it simplifies the process of procurement. However, even if many people heard about it, many are still left wondering what it is. .

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AI and ME – The Future of Technologically Assisted Decision Making

All Things Supply Chain

The conflict between the tried and tested and the new technology is something we encounter on a regular basis.

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6 Smart Goals Examples for Procurement

ProcurePort

• Every organization aims to use its purchasing power to maximize value from its procurement undertakings. However, procurement is a complex undertaking with so many variables that affect the outcome. • The business must remain alive to competitor actions, the regulatory environment, market price changes, and even the political environment. Internally, there are issues such […].

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Automakers race to build EV battery supply chains in North America

Supply Chain Dive

Auto companies are pouring billions of dollars into new facilities and supplier agreements as they strain to secure needed raw materials.

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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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E-Tendering — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. E-Tendering — Everything You Should Know. E-tendering is used by many companies as it helps them to find the best suppliers for upcoming purchases at the right price. But, how is e-tender done by professionals? In this article, we will talk about e-tendering and how it works.

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What we have learned from the most severe supply chain cyberattacks this past year

Spend Matters

Categories: Sponsored Article , Supplier Management , supplier networks , Supply Chain Management Tags: Sponsored Article In the modern world of business, outsourcing has become increasingly popular due to its multitude of benefits; from cost-saving to accessing specialized skill sets and resources. Every major business is therefore likely to be part of a complex supply chain of third parties that depend on the delivery from one another.

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6 Key Components of Business Network Security!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Avoiding these 6 Cybersecurity Tips Might Harm Your Business! Everything on the internet is interconnected. Despite some firms having barred others from gaining access to their networks through firewalls and authentication procedures, computer geniuses still find a way to get past these obstacles and penetrate seemingly ironclad cybersecurity network security infrastructures.

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Can Blockchain Cut Its Ties to Cryptocurrency?

Supply Chain Brain

Does blockchain truly hold promise for creating a more efficient supply chain, or will it be dragged down by the lead weight known as Bitcoin? .

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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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Negotiation Speaker 2022 – 10 Most Popular Experts

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Negotiation Speaker 2022 – 10 Most Popular Experts. Many negotiation professionals attend seminars and conferences to be uplifted and learn new things in their profession through negotiation speakers. In this article, we will check some negotiation speakers that you can listen to and be inspired by their journey regarding negotiation. .

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Episode 80: What is – and is NOT – in the Inflation Reduction Act with Kris Lance

Una

Episode 80: What is (and is NOT) in the Inflation Reduction Act with Kris Lance. By Kelly Barner | August 31, 2022. Business leaders and decision makers and constantly in a race to keep up with the pace of change. That includes the competitive landscape, economic trends, and new legislation. Case in point: The Inflation Reduction Act of 2022. Despite its name, legislators on both sides of the aisle agree that this law is not about reducing inflation.

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What Soft Skills Used in Healthcare Can Be Transferred to Business?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 6 Ways Healthcare Professionals Can Prevent Occupational Hazards! A healthcare career is something that a lot of people feel drawn to. It’s a way of helping others that can be extremely rewarding. And it’s ideal for people who want to feel as though they are making a difference through the soft skills used in Healthcare.

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Cybersecurity and Supply Chain Risk: Time for Action

Supply Chain Brain

Lone hackers, rogue nations and cybercrime syndicates have a big agenda in common: Alone or collectively, they can bring the global supply chain to its knees.

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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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Maersk abandons $1B sale of container business after DOJ investigation

Supply Chain Dive

Regulators were concerned that a sale to China International Marine Containers would have led to higher prices and less supply chain resiliency.

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285: Unlock the Power of Partnerships, with Cargo Chief and Hubtek

Let's Talk Supply Chain

Today I’m joined by Cargo Chief and Hubtek , not one but two leading technology companies, working in the transportation space, who often partner together to provide the best results for their customers. Cargo Chief enables 3PLs and freight brokers to expand their carrier network, gain visibility into real-time pricing, and streamline their processes.

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Automating finance: automate these six boring business processes

Spendesk

Nowadays, there’s no excuse for soaking up your finance team’s valuable time and effort with clunky manual processes. If anyone in your team is still copying and pasting data between Excel sheets, they might as well be working with quills and parchment.

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Honda, LG Set to Build $4.4 Billion EV Battery Plant in U.S.

Supply Chain Brain

Honda Motor Co. and South Korean battery maker LG Energy Solution Ltd. will spend $4.4 billion to build a new battery plant in the U.S. as the Japanese carmaker seeks to phase out fossil-fuel vehicles completely by 2040.

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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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FDA takes N95 respirators off medical device shortage list

Supply Chain Dive

Respirators were one of the first medical devices identified as being in critical shortage during the COVID-19 public health emergency, the agency said.

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6 Reasons To Hire an IT Consulting Firm!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Hiring a Software Development Team – Pros and Cons! Technology has undoubtedly revolutionized the way business is conducted. Every industry has seen transformative technological innovations that have enabled them to become more productive and efficient. As a result, the demand for information technology and IT consulting services has also increased. .

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Part Analytics: Vendor Analysis 2022 Update — Solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

Categories: Analytics , Market Intelligence , Procurement , Procurement Systems & Architecture , Purchasing and Sourcing , Requisition / PO Management , Risk Performance and Compliance , Spend Analysis Tags: PRO Direct materials is a hot market for procurement solutions, and this has become even more the case since the Covid crisis. What's more, the broader sustainability challenges ahead of us that influence demand and regulations reinforce the need for enhanced direct materials management.

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Best Buy Says Supply-Chain Strains Are Improving Heading Into Fall

Supply Chain Brain

Consumer-electronics retailer Best Buy added to the mounting signs of ample capacity and receding freight rates, with a note that transportation markets are “stabilizing and moderating” heading into the fall peak season.

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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