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From simmering geopolitical tensions to soaring energy costs and staff shortages, the challenges faced by businesses in recent months have been complex and interlinked, and procurement has a key role to play in tackling this “polycrisis”. At Procurement Leaders, we’ve been seeking out the community’s insights into how they’re dealing with these challenges and how they see things panning out in the months to come.
9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. By Hugo Britt | March 7, 2023 Search Ask any old-school procurement professional about the “how” of procurement, and they will point you to the same sourcing cycle that has been used for decades: Define your business needs Float the RFQ Evaluate and select suppliers Negotiate and sign the agreement It’s a fr
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Warehouses are among the most essential elements of our global supply chain. The packaging and shipping never stop, so warehouses expend lots of energy and emissions.
Cocoa Prices – Historical Graph Real-time chart of historical daily cocoa prices. The prices are down in U.S. dollars per MT. The current price is and is last updated on. The average price in the past 3 days is The average price in the past 7 days is The average price in the past 30 days is The average price in the past 365 days is Popular questions about cocoa prices: Why are cocoa prices fluctuating?
Risk has become an increasingly important focus for Stockholm-headquartered consumer goods giant Electrolux, which has thousands of Tier-1 suppliers. With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three.
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Risk has become an increasingly important focus for Stockholm-headquartered consumer goods giant Electrolux, which has thousands of Tier-1 suppliers. With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three.
Procurement is a crucial aspect of any business, and it plays a significant role in ensuring that the organization runs smoothly and efficiently. As a procurement professional, you are responsible for ensuring that your organization obtains the goods and services it needs at the right quality, quantity, and price. In this blog post, we’ll discuss […] The post 6 Ways to Improve Procurement Performance appeared first on ProcurePort Blog.
Following the U.S. The Netherlands is set to impose chip export control on China The government of the Netherlands is moving forward with export restrictions on semiconductor manufacturing equipment.
Lean Hogs Prices – Historical Graph Realtime chart of historical daily lean hogs prices. The prices are down in U.S. dollars per pound. The current price is and is last updated on. The average price in the past 3 days is The average price in the past 7 days is The average price in the past 30 days is The average price in the past 365 days is Popular questions about lean hogs prices: Why are lean hogs prices fluctuating?
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
In today’s competitive business landscape, it’s essential to ensure that your procurement process is streamlined and efficient. A smooth procurement process can help your organization save money, reduce risk, and enhance collaboration with suppliers. However, simplifying and streamlining procurement is often easier said than done. In this blog post, we’ll discuss six ways to simplify […] The post 6 Ways to Simplify & Streamline Your Procurement Process appeared first
EPISODE 105 Mining the Gaps for Strategic Supply Chain Value with Steve Clarke By Kelly Barner | March 8, 2023 The simplest solution to a problem is most likely the best one. Cutting through the noise to find root causes can be challenging, however, especially when there seems to be an overly complicated digital answer to every business question. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Steve Clarke.
Sugar Prices – Historical Graph Real-time chart of historical daily sugar prices. The prices are down in U.S. dollar cents per LB. The current price is and is last updated on. The average price in the past 3 days is The average price in the past 7 days is The average price in the past 30 days is The average price in the past 365 days is Popular questions about sugar prices: Why are sugar prices fluctuating?
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Ivalua Spend Management Insights [ivory-search] Let’s Get Digital: Introducing your Source-to-Pay Guide March 9, 2023 | | Source to Pay (S2P) by Vishal Patel In today’s highly competitive business environment, it’s essential for organizations to have a comprehensive Source-to-Pay (S2P ) solution to reduce costs, strengthen supplier relationships, manage risk, and gain better visibility into spend and the overall supply base.
Following a period of seesawing freight rates and persistent service failures, ocean carriers and shippers are struggling to achieve some measure of equilibrium.
Coffee Prices – Historical Graph Real-time chart of historical daily coffee prices. The prices are down in U.S. dollars per Lbs. The current price is and is last updated on. The average price in the past 3 days is The average price in the past 7 days is The average price in the past 30 days is The average price in the past 365 days is Popular questions about coffee prices: Why are coffee prices fluctuating?
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Ivalua Spend Management Insights [ivory-search] 5 Reasons to Attend 2023 Ivalua NOW Paris! March 6, 2023 | | Ivalua NOW by Eloise Barnum 5 Reasons to Attend 2023 Ivalua NOW Paris – Breaking New Ground We are thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Paris. This year, we’re exploring uncharted territory – embodying the spirit of those who take strides in “Breaking New Ground” !
If you are an avid SCMDOJO Blog reader, the word ‘ Kaizen’ would be a familiar term for you. But in case you haven’t come across it yet, let us briefly touch on what it is and its concept regarding supply chain management and what Transactional Process Improvement Kaizen really is. Kaizen is a Japanese term that means “continuous improvement.” It’s a mechanism used to eliminate waste in lean manufacturing principles.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
Categories: Industry News , Supply Risk Management , Sustainability Tags: PRO Today global supply chain risk management data, software and services provider, apexanalytix, announced its acquisition of ESG Enterprise, an environmental, social and governance (ESG) SaaS and data analytics software provider. The terms of the deal were not disclosed. The acquisition augments apexanalytix’s ability to help customers manage their supplier and supply chain information, risk and opportunities by adding a
A prevailing conclusion from the learnings of the past years is that we should move away from a “manufacturing center of the world” to be better prepared to mitigate the shortages and transport challenges. But it’s not that simple.
The U.S. Trade Representative said it is looking at all existing options and may consider new tools “to combat the harms of China’s state-led, non-market practices.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia
Categories: Commentary , Conferences , ERP , Source to Pay Tags: Webinar Jaggaer has released the recording of its recently held webinar “Elevating your source-to-pay tech strategy in 2023.” The webinar featured Jason Busch, founder and CEO of Spend Matters, and Jennifer Glassman, a procurement and payables consultant with extensive experience in designing procurement strategies in public universities.
China Manufacturing Ramps Up As China opens up from their COVID restrictions, manufacturing is ramping up again. Global Shipping Heading Into a Slump While China manufacturing is ramping up, global shipping is slumping. Apple Continues Diversifying Away from China We’ve posted about this before, as Apple starts to shift their supply chain reliance on China, another Apple supplier, GoerTek, is also investing in manufacturing operations outside of China.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
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