Sat.Feb 04, 2023 - Fri.Feb 10, 2023

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Is a career in procurement future-proof?

Procurement Heads

The same questions can be asked of a career in procurement. With advancements in automation and artificial intelligence, many industries are seeing a shift in how work is performed, and procurement is no exception. However, despite these changes, a career in procurement can still be considered future proof for several reasons. The evolving role of procurement Procurement has come a long way from its traditional role of simply purchasing goods and services.

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The Future of Sourcing Procurement Technology

HICX

In our latest Supplier Experience Community session, which was our first for 2023 and which brings together executive attendees from leading global brands, we were delighted to welcome Dr Elouise Epstein from Kearney and Lance Younger of ProcureTech. They joined us to talk about the rapidly changing ways in which procurement technologies are being sourced, from agile tech sourcing through to the rise of the procurement garage, incubators and accelerators.

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Top 5 Challenges in WMS Implementation

SCMDOJO

WMS implementation is a crucial process for companies that need to streamline their operations and improve efficiency. The implementation of a warehouse management system (WMS) can bring many benefits, such as improved inventory accuracy, reduced labor costs, and enhanced customer service. However, the implementation of a WMS can also be a challenging process, with many potential obstacles to overcome.

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5 Ways to Use Machine Learning in the Packaging Industry

All Things Supply Chain

Supply chains are embracing digital transformation, and packaging industry technology must evolve to keep up and support this trend.

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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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How to Get Your CEO to Care About Procurement

Una

How to Get Your CEO to Care About Procurement Learn how to get your CEO to care about procurement by engaging the C-Suite to help increase the function’s impact and value. By Hugo Britt | February 7, 2023 Search According to research by Harvard Business School’s Michael Porter and Nitin Nohria published in Chief Executive.net , CEOs spend only one percent of their time with suppliers.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Ivalua Blog [ivory-search] Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike February 10, 2023 | | Procurement Strategy Mitigating EMEA Inflationary Pressures Through S2P Solutions In the EMEA region, organizations are increasingly facing an uphill battle against inflation – one that can be particularly hazardous when it comes to making procurement decisions.

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Supply Chain Weekly Wrap-Up 02/03/2023-02/09/2023

All Things Supply Chain

Amazon to streamline operations after unprofitable year After reporting a $2.7 billion loss in 2022, Amazon is now focusing on streamlining operations in an attempt to recover and boost productivity.

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3 ways to attract talented procurement and supply chain interims

Procurement Heads

Attracting talented procurement and supply chain interims is an important task for any organisation looking to fill a temporary gap in their procurement and supply chain operations. And, across the Interim recruitment team at Procurement Heads , we have continued to see huge demand from clients looking to bring in short to medium-term support. The right interim can bring valuable experience, skills, and expertise that can help your organisation move forward.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures.

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A Look at the Current State of Procurement Recruiting

Art of Procurement

The last few years in procurement recruiting have been wild – just like the external conditions procurement professionals have been. The post A Look at the Current State of Procurement Recruiting appeared first on Art of Procurement.

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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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4 Ways Manufacturers Can Improve Supply Chain Visibility

All Things Supply Chain

Supply chain visibility has become a make-or-break point for industries and companies worldwide. It is seen as a potential panacea for recent issues and breakdowns.

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10 questions to ask a procurement recruitment agency before partnering with them

Procurement Heads

However, it’s important to choose the right agency to partner with to ensure a successful hiring campaign. Before making a decision, it’s crucial to ask the right questions to determine if the agency is the right fit for your company’s needs. So, we’ve put together 10 questions to ask before partnering with a procurement recruitment agency.

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Severe graphite shortage looms as EV sales surge

Strategic Sourceror

With more Americans buying rechargeable cars — and several automakers expanding their hybrid and all-electric offerings — the automotive industry is turning to the rare earth metals market. These materials, namely lithium, cobalt, nickel and several others, are critical for manufacturing the lithium-ion batteries electric and hybrid cars need.

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Buyer Power Score – Pest Control Services

Art of Procurement

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Pest Control Services appeared first on Art of Procurement.

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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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Episode 101: Maximizing the Value of Strong Supplier Partnerships with Juli Lassow

Una

EPISODE 101 Maximizing the Value of Strong Supplier Partnerships with Juli Lassow By Kelly Barner | February 8, 2023 After all of the turbulence of the last few years, relationships between procurement and suppliers have reached a place of stability – at least for now. And yet, given their experiences, both groups are re-examining what they want to get from their most strategic partnerships and how to make that possible.

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How should companies be responding to the current energy market?

Procurement Heads

“How should companies respond to the current energy market?” It’s a question I’ve been asking candidates for my recently retained Category Lead – Energy role at Alliance Healthcare. The energy market in the UK has been a hot topic for months now, with a number of changes taking place that are affecting businesses of all sizes. Currently, wholesale gas and electricity prices have been fixed for firms from October until March 2023, but the help is under review due to the cost.

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Biden urges supply chain resilience at State of the Union

Supply Chain Dive

The president touted domestic manufacturing investments and teased new 'buy American' standards in construction as he pushed to avoid future disruptions.

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Supply Chain Lessons to Bring into 2023

Supply Chain Brain

Today’s fast-moving, consumer-centric world requires a supply chain that’s significantly more complex, now accounting for sustainability and resilience as well.

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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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Customer enablement offers supply chain orgs a pipeline to increased revenue

SCMR (Supply Chain Management Review)

A survey released on Tuesday by Gartner has found that less than one-quarter of supply chain organizations have adopted customer enablement to the extent necessary to truly put the customer first.

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CPO Spotlight: Magdalena Shakallis

Procurement Heads

For Procurement Heads ’ latest CPO Spotlight, Magdalena spoke with Rupert Gaster about why she chose to complement her procurement career with end-to-end supply chain roles and what drives her curiosity. Can we start by getting to know who you are and what you currently do? I come from Poland, but moved to the UK in 2009, and lived in Chile for three years in the meantime.

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2023 outlook: Is this the year supply chains stabilize?

Supply Chain Dive

Freight rates are finally easing, but geopolitical turmoil and ongoing economic uncertainty continue to create headaches for businesses.

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Can AI Turn the Tide Against Product Counterfeiters?

Supply Chain Brain

It’s getting increasingly hard to tell real from fake in so many aspects of life today, but at least one sector might be poised for a reversal of that trend, thanks to technology.

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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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Muted 3PL growth forecast by Armstrong

SCMR (Supply Chain Management Review)

A recently-released report by supply chain consultancy Armstrong & Associates highlights the pandemic-driven swings the 3PL sector has seen in recent years, and forecasts slower growth in the years ahead.

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The Big Interview Ed Cross

Procurement Heads

He defines and drives business strategy, leading teams across different geographies and cultures and he has delivered procurement transformation (process, people, technology, organisation) and procurement cost reduction across direct and indirect categories, for a wide range of clients over the last 25 years. His client work includes extensive experience across most major sectors including FMCG, Financial Services, Pharmaceuticals, Technology, Defence & Aerospace, Automotive, Manufacturing,

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Gap teams with UPS unit to offer small businesses outsourced fulfillment

Supply Chain Dive

The partnership allows shippers to access the retailer’s distribution network and gain supply chain capabilities “previously only available to billion-dollar brands.

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Global 3PL Market to Generate Revenue of More Than $2.3 Trillion, Report Says

Supply Chain Brain

The third-party logistics market is expected to experience steady growth in the near future, as companies continue to realize the value of outsourcing their supply chain operations.

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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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Considerations To Make When Hiring A Procurement Consultant

Procurement Freelancers

Everyone is aware that exceptional individuals must be hired in order for a company to… The post Considerations To Make When Hiring A Procurement Consultant first appeared on Procurement Blog | Procurement & Supply Chain News.

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More truck deliveries expected in 2023

Strategic Sourceror

Well before the supply chain disruptions fueled by the the pandemic, the trucking industry was in the throes of a severe driver shortfall that hasn't yet abated. But since COVID-19, motor carriers have also been battling a parts shortage, further pushing them behind the proverbial eight-ball. From drive shafts and semiconductors to a number of other essential parts, the component crunch that's played out over the past several years has exacerbated motor carriers' inability to keep up

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UPS’ RFID initiative to expand to rest of US network in 2023

Supply Chain Dive

The RFID technology eliminates manual scans, reduces misloads and accelerates parcel throughput, executives said.

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How Amazon’s Vendors and Marketplace Sellers Can Recover Erroneous Fees

Supply Chain Brain

Becoming a seller on Amazon.com can be a great way to build an e-commerce business or make a side income. But extensive and wrongly charged seller fees can take a big bite out of a seller’s or vendor’s bottom line.

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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.