Sat.Apr 23, 2022 - Fri.Apr 29, 2022

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Supply Chain Weekly Wrap-Up 04/22/2022-04/28/2022

All Things Supply Chain

Indonesia announces palm oil export ban The world’s top palm oil producer, Indonesia, has revealed plans to ban exports of the most commonly used vegetable oil in a shock move…

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What is Vendor Management in Procurement?

ProcurePort

• Vendor management refers to the set of activities an organization undertakes to optimize its working relationship with its suppliers. • Vendor management activities involve cost management, risk management, contract negotiations, and performance evaluation. • The scope of vendor management varies with the size of a business, the number of suppliers, and the industry in […].

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Supply Chain Data Quality & Governance

ivalua

The current global supply chain crisis has revealed critical issues involving the global distribution of goods and services. One of the drivers for these issues is focused around the lack of access to reliable “data”. To be of use, supply chain data must be of good quality and trustworthy. The inability to integrate data from multiple sources and the limited ability to interpret/analyze data in real time are a common set of problems facing many organizations.

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Breaking Down Barriers to Sustainability: Supply Chain and Procurement Live Keynote

Supply Chain Queen

“Sustainability is not someone else's problem,” begins Hinish. “More than 50% of CEOs believe that business leaders must take responsibility for the business impact on communities in which they operate.” However, there still remains a gap when it comes to strategy leading to action. According to Hinish, 86% of CEOs have a sustainability strategy, but only.

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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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Top Supply Chain Fails and what we can learn from them

All Things Supply Chain

Supply chains can be very complex and sometimes it doesn’t take much for them to go wrong.

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Is Purchasing and Procurement the Same?

ProcurePort

• Most people often use the terms procurement and purchasing interchangeably. • While the two terms are about acquiring goods and services, procurement professionals can point out important distinctions. • Procurement has different intentions from purchasing. To understand this, it’s important to go through the steps involved in both processes. Procurement Procurement is a detailed […].

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Yield Farming From A to Z!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Can Decentralized Finance Revolutionize the Financial Segment? This article will explain the basics of yield farming and how you can earn from it. In the past few years, Decentralized Finance (DeFi) has become one of the most important areas in the field of cryptocurrencies, while yield farming is one of the key ways traders make money in this segment of the crypto market.

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Supply Chain Management in Apparel Industry

SCMDOJO

Managing the flow of goods within the apparel industry requires an extensive and well-established supply chain network. Since this particular industry is insanely fast-paced, any problem within the supply chain can lead to a loss of sales for the business. Supply chain management can really be a deal-breaker for an apparel business. The management of resources in the hands of a business is no small deal.

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Difference Between Procurement and Vendor Management

ProcurePort

• The procurement function is among the most critical processes in most organizations. • The procurement function entails identifying goods and services required by the organization, inquiring about their availability, and assessing suppliers based on quality, cost, and delivery conditions. • Below, we take a refined look at the difference between procurement and vendor management. […].

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Building Security Into Your Digital Supply Chain

Supply Chain Brain

,Automation of supply chain processes has rapidly enabled the globalization of supply chains and brought new efficiencies. However, these are not new techniques, and can be somewhat of a double-edged sword.

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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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Make Your Manufacturing Business More Efficient!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 8 Ways to Improve Your Warehouse Fulfillment Efficiency! Is your manufacturing business not operating to the levels you’re expecting? Are you looking for ways to increase your returns and profits? The secret lies with one dictionary word; efficiency. Efficiency will ensure that you’ll achieve high production figures while minimizing costs.

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How to Make Artificial Intelligence Work in Your Supply Chain

The Network Effect

The post How to Make Artificial Intelligence Work in Your Supply Chain appeared first on The Network Effect.

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When and why it's time to consider an automated procurement system

Fraxion

Indirect procurement is a fast-moving process essential to effective business operations, large or small. After all, the key purchasing factors that make up “the 5 rights of procurement” (the right quality, quantity, place, time, and price) require many tedious, manual tasks, market research, negotiations, approvals, and an overall high level of coordination–especially if your organization processes hundreds of transactions.

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New Approach to EDI Can Offset Supply Chain Pressures

Supply Chain Brain

"iPaaS"-enabled EDI allows users to see across their entire ecosystem in real time to manage complex supply chains, optimize processes and react to issues before they cause breakdowns.

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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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Types of Bitcoin Wallets!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What are Bitcoin Wallets? There are numerous sorts of bitcoin wallets. Since it is decentralized, no one can deal with this best-in-class cash. Like this, it stands out from traditional money in that you don’t need to ask someone for a trade. In any case, you are freed from any objectives and cutoff points while using bitcoin.

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SpendHQ Announces Connectors For Application & Data Integration

SpendHQ

Atlanta, April – Leading spend analytics company SpendHQ announces the release of new SpendHQ Connectors, providing procurement application integrations with numerous platforms. With organizations managing multiple data sources and platforms, this most recent release from SpendHQ ensures procurement and finance teams can connect the applications they need to their spend insights.

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The State of ePayables 2022 Survey is Now Open

CPO Rising

The 2022 State of ePayables Take the New Survey! Now more than ever, the AP function is proving just how crucial it is to maintaining business continuity and we would like to invite you to participate in Ardent Partners’ annual State of ePayables market research survey. The survey is part of our ongoing dialogue with […].

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Major Shipping Firm Sees Signs of Supply Chain Bottlenecks Easing

Supply Chain Brain

Port bottlenecks that have increased supply chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies.

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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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Hiring a Software Development Team – Pros and Cons!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Reduce Software Development Cycle Time! To be the finest in the digital world, you need an intriguing website with distinctive and high-functioning features. The easiest way to receive such service is to hire dedicated development team. Hiring a dedicated programming staff is difficult, but necessary.

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My Online Training Course on Udemy: Foundations of Contracts and Outsourcing

The Good Spending

My online training course " Foundations of Contracts and Outsourcing " is live on Udemy. My new online training course, " Foundations of Contracts and Outsourcing , " went live on Udemy. Foundational contract management and outsourcing course description This online training course equally suits beginners and seasoned experts who just missed classic theories and applied research to master the ground principles of contracting and outsourcing.

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Source-to-Pay in the Mid-Market – Frank Schmidt from Onventis

The Procuretech Podcast

Digital transformation doesn't necessarily have to be complex. Sometimes, an end-to-end source-to-pay (S2P) solution that joins up the dots, and automates a lot of otherwise manual processes, can give a huge productivity advantage. The mid market has traditionally been underserved by procurement software, with tech companies typically going after large enterprise clients at their expense.

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Five Trends Shaping the Service Sector This Year

Supply Chain Brain

The global pandemic forced many businesses to completely rethink their strategies and digital maturity – but for the service sector, change was well underway before this period of mass disruption. .

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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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A Basic Guide to ECommerce Inventory Management!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! In this digital age, one of the best ways to earn money is to sell unique products online with the help of an eCommerce platform, such as Amazon, Alibaba, etc. However, to have a profitable online selling business, it’s crucial to understand the importance of inventory management in eCommerce.

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Why is Procurement Important to my Business?

Procurement Express

In today’s video, Kala Dikibo discusses why procurement is important to businesses of all shapes and sizes. As experts in the procurement industry, we know exactly just how important procurement is to an organization and its success. Both in the short and long term. But there’s more to Procurement than just getting you what you need to provide your product or service.

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When Will “The Greatest Resignation” Become “The Great Resettling”?

CPO Rising

When we take a 30,000-foot purview of what’s happening right now regarding “The Great Resignation,” it looks pretty dire: nearly four-plus million workers have left their positions each month since October of last year. Not counting numbers for March (which have not yet been announced by the Bureau of Labor Statistics), that’s nearly 16 million […].

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U.S. Businesses See Record Price Growth, Backlogs in April

Supply Chain Brain

A measure of prices received by U.S. manufacturers and service providers increased to a record in April as firms shifted the burden of higher wages and surging costs to customers.

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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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The State of Bitcoin!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Methods to Make Money with Bitcoin! Bitcoin costs have been in a plunging recently. Unusually, the expense of the high-level asset in November 2021, was almost Rs 50 lakhs. In the broad business area, the expense of Bitcoin fell distinctly and was at present at $50k. Consistently, the money fills in prevalence and furnishes clients with fundamental administrations.

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A guide to optimizing your supply chain

EazyStock

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization can be explained as aiming to minimize operating costs and streamline processes throughout the supply chain to improve efficiency, reduce risk and ensure stock availability at each stage.

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Procurement’s Key Value Drivers in the Financial Services Industry

CPO Rising

With heightened levels of regulation, competition, and risk, procurement departments in the financial services sector, by and large, are more heavily scrutinized and their performance, and that of their suppliers can have a more significant and direct impact on both top-line revenue and bottom-line profitability. In a series of recent interviews with CPOs and other […].

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A Missing Link in the Pursuit of Supply Chain Resilience

Supply Chain Brain

Warning signs of supply chain disruption are often scattered across various databases, making them virtually invisible to executives.

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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