Sat.Oct 21, 2023 - Fri.Oct 27, 2023

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Your career in procurement – the two paths

ABC of Procurement

Your career as a procurement professional can go in different directions. Knowing the options early help you to specialize. The post Your career in procurement – the two paths first appeared on ABC of Procurement.

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A Vendor Management Guide for Procurement Leaders

ProcurePort

• Vendor management is essential for cost efficiency, quality assurance, risk mitigation, and fostering innovation through collaborative relationships with suppliers. • Good vendor management strategies involve working together, measuring performance, building relationships, managing risks, integrating technology, and considering supplier diversity.

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Navigating the Top 7 Direct Procurement Challenges

SCMR (Supply Chain Management Review)

Join this webcast to discover unique strategies to overcome these procurement challenges.

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Why is Now the Time to Digitally Transform Procurement.

ProcurePort

• Digital transformation in procurement is essential due to the availability of advanced tools, data-driven insights, and collaborative technologies that streamline processes, reduce costs, and enhance efficiency. • Organizations should follow a roadmap for digital transformation, assessing their current state, setting clear objectives, selecting the right tools, educating and training their workforce, measuring progress, and […] The post Why is Now the Time to Digitally Transform Procurem

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility.

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The Market Speaks: Customer asks and challenges of buying during digital transformation

Spend Matters

The ascent of cost reduction and value creation as key focal points for the procurement professional is indisputable. The most direct avenue to addressing both aspects lies in enhancing the efficiency of procurement through dedicated source-to-pay and spend management platforms. This is why, when participating in the 2023 Spend Matters Deloitte Global Chief Procurement Officer (CPO) Survey , which Spend Matters Chief Research Officer Pierre Mitchell assisted in creating, CPOs cited digital trans

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Amazon outlines push to ‘eliminate packaging altogether’

Supply Chain Dive

As the company looks to remove added packaging from more orders in 2024, its packaging innovation director explains how Amazon identifies products fit to ship in their own packaging and works with vendors on redesigns.

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SAP’s Empowering Women in Supply Chain Seeks to Elevate a New Generation of Leaders

SCMR (Supply Chain Management Review)

While the percentage of women in supply chain jobs continues to grow, there remains a retention problem once they reach middle-management level positions. Darcy MacClaren of SAP is trying to change that.

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UAW Strikes Stellantis’ Michigan Truck Plant; 6,800 Walk Out

Supply Chain Brain

The UAW’s selective strike strategy has been successful in preserving its strike fund, which implies that the UAW can continue the current pace of strikes for 36 more weeks.

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How 4 health system executives are tackling supply chain challenges

Supply Chain Dive

After the COVID-19 pandemic caused worldwide disruptions, executives at four major health systems shared how they’re innovating supply chain tactics.

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Reimagining IBP in the Age of AI

Supply Chain Trend

What would a Martian expert in supply chain planning and technology think when looking back at earth? With all technology available on earth would it continue with a 30+ year old, sequential, cascading, rather sluggish, manual planning process with a lack of focus on decision digitisation, decision quality and decision learning? Or would it start with a blank sheet and reimagine IBP?

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

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. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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The Astonishing Port of Laredo

SCMR (Supply Chain Management Review)

The expected continued growth in cross-border commerce with Mexico is likely to attract new investment all along the border. The nearshoring activity to Mexico and reshoring to the U.S. will continue for years to come.

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An EV Talent Gap Will Weaken the U.S. Battery Supply

Supply Chain Brain

America’s battery supply chain is still in development, but to ensure its resilience and reliability will call for best-in-class professionals.

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Retail inventories are under control ahead of holidays: NRF CEO

Supply Chain Dive

Matthew Shay said inventory-to-sales ratios' return to pre-pandemic levels and his conversations with retail executives suggest the period of inflated stock levels are over.

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The Role of Ethical Sourcing in Sustainable Supply Chain Management

Procurement Freelancers

In today’s globalised world, where social and environmental issues are at the forefront, ethical sourcing… The post The Role of Ethical Sourcing in Sustainable Supply Chain Management first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Retailers Are Ready for Holiday Season

SCMR (Supply Chain Management Review)

Most holiday inventory is already in place, says NRF’s Matthew Shay, as retailers continue to monitor consumer trends.

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The Food Supply Chain’s Secret Sauce for Fighting Climate Change

Supply Chain Brain

As food shortages continue to affect consumers on a global scale, it’s high time that business and supply chain leaders move past considering how we got here, and take action to minimize, mitigate and prevent additional shortages.

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Sugar shortage isn’t causing spike in Halloween candy prices: Wells Fargo analyst

Supply Chain Dive

Despite a constrained global supply of the crop, experts don't believe it will affect sweets makers in the U.S. ahead of the holidays.

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How GEP Solutions Company Can Optimise Your Business Processes

Procurement Freelancers

Are you struggling to streamline your business processes and maximise productivity? Look no further than… The post How GEP Solutions Company Can Optimise Your Business Processes first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Procurement Software Darling Secures New Funding

Procurement Bulletin

Amazon Leading the Way in Robot Integration Amazon is leading the way with how they integrate robots into their logistics. The behemoth e-commerce company has implemented new AI-powered robots in their warehouses that reduce fulfillment time by up to 25 percent. Procurement Software Darling Secures New Funding Procurement software startup darling, Procurify, has secured CAD$68 million in funding to expand globally and invest in AI.

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Three Trends to Tackle in Creating a Resilient Supply Chain

Supply Chain Brain

Staying ahead of supply chain disruptions today is both art and science: the art of knowing the trends to prepare for, and the science of determining how to reduce risk and increase resilience.

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The US, South Korea and Japan are piloting a supply chain warning system. What does that mean?

Supply Chain Dive

As the U.S. looks to counter China’s dominance in critical mineral supply and processing, it’s leveraging alliances to better share data and resources.

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Cost Reduction Strategies in Sourcing and Procurement

Procurement Freelancers

Are you tired of overspending on sourcing and procurement? Look no further! In this article,… The post Cost Reduction Strategies in Sourcing and Procurement first appeared on Procurement Blog | Procurement & Supply Chain News.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Supplier Diversity is the Present and the Future

SCMR (Supply Chain Management Review)

According to the National Minority Supplier Development Council (NMSDC), certified minority-owned businesses generate more than $400 billion in annual revenue and economic output. It also found that companies with diverse supplier bases show a 133% greater return on procurement investments than those without supplier diversity.

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Three Ways Master Data Management Can Achieve Distributor Success

Supply Chain Brain

Wholesale distributors have long been masters of product inventory management, but now they must also take charge of another type of inventory.

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FedEx, UPS and USPS set holiday shipping deadlines for 2023

Supply Chain Dive

Most of the parcel carriers’ deadlines fall in the days prior to Dec. 20 for shippers who want their products delivered before Christmas.

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Mastering the art of Supplier Negotiation: Tips and Techniques

SCMDOJO

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. It is a skill that needs a strategic approach and it is not something anyone can do. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement.

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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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Convoy Likely Won’t Be the Last Brokerage Shutdown

SCMR (Supply Chain Management Review)

The shutdown of digital broker Convoy has sent shockwaves through the freight world, but it may not be the last freight brokerage to close its doors.

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How to Combat Endemic Forced and Slave Labor in Supply Chains

Supply Chain Brain

With the UFLPA and CTPAT in place, efforts are clearly being made to counteract the use of slave and forced labor in supply chains. But will it be enough?

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Union Pacific boosts connectivity between Mexico and Southeastern US

Supply Chain Dive

The new rail service will better connect Mexico's industrial markets with destinations in Florida, Georgia and North Carolina.

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AnyData Solutions: Vendor Analysis — Spend analytics, SRM and contract management solution overview, roadmap, tech selection tips, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis we provide an overview of AnyData Solutions and its solution for spend analytics, contract management, supplier relationship management and ESG/performance tracking. In the world of business, procurement departments play a pivotal role in shaping an organization’s success. They are the gatekeepers of resources, responsible for sourcing goods and services that drive operations, impact profitability and influence overall efficiency.

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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