Sat.Apr 22, 2023 - Fri.Apr 28, 2023

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Now Is the Time to Rethink Your Procurement Operating Model

Art of Procurement

Procurement is always adjusting how they operate and align with the business to ensure that they are positioned to satisfy. The post Now Is the Time to Rethink Your Procurement Operating Model appeared first on Art of Procurement.

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4 steps to improving your ESG risk management to increase financial performance

IBM Supply Chain Blog

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. A 2023 IBM IBV study showed that organizations that are seen as ESG leaders are 43% more likely to outperform their peers on profitability. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge.

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Sustainable Procurement Fair Operating Practices

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Fair Operating Practices Sustainable procurement fair operating practices allow companies to give their employees a safe working environment. However, how can companies foster safe and suitable working in their sustainable procurement processes?

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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

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Rethinking Supply Chains for Greater Efficiency, Resiliency, and Sustainability

Supply Chains have 3 key priorities: building resiliency, reducing costs and driving ESG performance. Read the new GEP-sponsored report by Harvard Business Review Analytic Services for strategies and digital solutions to achieve these goals.

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Time-Poor in Procurement

Una

Pain Points in Procurement Series Why Professionals are Always Time-Poor in Procurement Stop struggling with being time-poor in procurement and pave the way for bigger projects, more strategic thinking, and better innovation. By Hugo Britt | April 25, 2023 Search Welcome to Una’s Pain Points in Procurement series. Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges.

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Resetting the Transportation Industry, by Meeting Truckers Where They’re At

Supply Chain Brain

The addition of automation with human oversight will allow for a more frictionless process for all parties involved in the supply chain, including truckers.

More Trending

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Support Paper: What to expect from your partner

Barkers Procurement

This Support Paper “What to expect from your partner” is free to download! Download Now P2P Transformation: What to expect from your partner Implementing a P2P transformation represents a significant investment from an organisation. So you need to make sure you make the right decision. Before selecting a partner it’s important to understand what makes a real difference to a successful implementation.

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Identifying Suppliers — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Identifying Suppliers — Embracing Sustainability Identifying suppliers is crucial as they supply all the needs of every business to continue its daily operation. However, how can you identify the best supplier that is fit for your business and sustainability standards?

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How to Increase Opportunities for Women in the Supply Chain

Supply Chain Brain

Supply chain leaders might be shocked to learn that the percentage of women in the workforce has decreased since 2021.

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Supply Chain Weekly Wrap-Up 04/21/2023-04/27/2023

All Things Supply Chain

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Geopolitical & Regulatory Issues: The Path Forward in Supply Chain & Logistics

Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker

The world of supply chain and logistics has been plagued with volatility, disruptions, and increased regulations. Several issues are converging simultaneously, creating a precarious path forward. In this webinar, we will talk about the current status of the supply chain and what the successful and unsuccessful paths forward will look like. Join demand planning and SIOP expert Lisa Anderson for a riveting discussion evaluating the geopolitical landscape and looking at the bigger picture to create

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Payment Cards FAQ: More Cash Rewards, Less Effort

ivalua

Ivalua Spend Management Insights [ivory-search] Payment Cards FAQ: More Cash Rewards, Less Effort April 28, 2023 | | Innovation by Steve Carter Unlock your Payment Solution Organizations are rethinking their traditional payment methods as they seek to maximize savings while securely streamlining the invoicing process. Ivalua is at the forefront of this transition, providing a comprehensive card-based solution that operates with leading banking partners.

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Kotter’s Theory — Embracing Sustainability in Procurement

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Kotter’s Theory — Embracing Sustainability in Procurement Kotter’s theory of change helps companies to introduce change in the business. However, what is it? This article will discuss what Kotter’s theory is and the benefits you can gain by using it to change your business operation, especially your procurement process.

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New data shows an uptick in recruitment following the Budget: but will it last? 

Procurement Heads

That’s according to the latest statistics from the Association of Professional Staffing Companies (APSCo) – the trade body for the professional recruitment sector. The data – provided by Bullhorn – revealed that permanent jobs grew 10% month-on-month in March while demand for highly skilled contractors rose 4%. Placements also increased, up 21% for permanent jobs and 11% for contract positions between February and March.

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UPS fights to keep strike-fearing shippers from fleeing

Supply Chain Dive

The delivery giant has assigned executives to major customers to keep them from shifting volume to competitors amid Teamsters contract negotiations, CEO Carol Tomé said.

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Future Focus: Constructing Unshakeable Stability in Your Manufacturing Supply Chain

Speaker: Jay Black, Senior Account Executive

We’ve all heard the buzzwords to describe new supply chain trends: resiliency, sustainability, AI, machine learning. But what do these really mean today? Over the past few years, manufacturing has had to adapt to and overcome a wide variety of supply chain trends and disruptions to stay as stable as possible. Stability has become key in this post-COVID world, and will remain key moving forward.

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CTA

ivalua

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Those are three hot topics in the enterprise today. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key

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Supplier Code of Conduct — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supplier Code of Conduct — Embracing Sustainability Supplier code of conduct allows businesses to establish their internal and external expectations. However, what is it? In this article, we will discuss what supplier code of conduct is.

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Talent Spotlight: Andrew F. Smith

Procurement Heads

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. From there he moved to Avis Budget Group, where he established a global procurement and supply chain function before becoming General Manager/Managing Director for Avis Budget’s car rental and mobility businesses in Denmark and Sweden, from where he has just ret

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5 California ports pledge to build data-sharing system for cargo fluidity

Supply Chain Dive

Los Angeles, Long Beach and other shipping hubs in the state will work together on a cloud-based tool aimed at standardizing data and boosting cargo fluidity.

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Return to Success: Streamlining Returns in the Supply Chain for Enhanced Efficiency

Speaker: Cathy Morrow Roberson, Research Manager for the Reverse Logistics Association

In today's competitive business landscape, providing a seamless return experience and maintaining an efficient supply chain are critical to customer satisfaction and loyalty. Businesses need to leverage advanced tracking systems and data analytics to identify bottlenecks and improve supply chain visibility. Efficient return management stands as a crucial strategy for optimizing the supply chain.

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A Balancing Act: Drive Sustainability while Managing Cost and Risk

ivalua

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Those are three hot topics in the enterprise today. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?

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[Pod] Negotiating The Big One: UPS and the Teamsters Labor Union

Art of Procurement

The labor contract between UPS and the Teamsters union is the largest private collective bargaining agreement in North America – The post [Pod] Negotiating The Big One: UPS and the Teamsters Labor Union appeared first on Art of Procurement.

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The Big Interview with Nathalie Adotevi

Procurement Heads

For Procurement Heads ’ latest Big Interview, she spoke to Will Cooke about her career. How did you get into procurement? I studied procurement and obtained a Master’s degree in supply chain and international procurement. Following three years of studying international business, I had the option to choose across various specialisations for my Master’s degree and decided to try something completely new, which would sort of enhance my curriculum.

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Why delivery robots face a regulatory ‘nightmare’

Supply Chain Dive

Laws for sidewalk-traveling bots have had clear momentum in state legislatures. But variances in each bill complicate the industry's expansion plans.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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Aker BP Goes Live with Ivalua to Digitalize Source-to-Contract (S2C) and Supplier Management

ivalua

Redwood City, CA, 25 April, 2023. Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. Aker BP explores for and produces oil and gas, and is the second-largest operator on the Norwegian continental shelf.

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Senate Votes to Overturn Biden’s Anti-Smog Rules for Big Rigs

Supply Chain Brain

Trucking companies and congressional critics argued the rules, estimated to cost about $2,500 to $8,300 per vehicle, were too expensive, and came amid driver shortages and supply-chain woes.

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How nearshoring is shaping investment decisions

SCMR (Supply Chain Management Review)

With no sign of slowing, the trend to reshore or nearshore sourcing and production is shifting investment decisions in warehousing, logistics and manufacturing.

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How Bed Bath & Beyond lost its suppliers’ trust — and doomed itself

Supply Chain Dive

In the years leading up to bankruptcy, the retailer alienated major vendors by betting on private labels, and when that didn’t work, stock buybacks.

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Disruption Reimagined: How to Conquer, Not Crumble, During Supply Chain Instability

Speaker: Robyn O’Brien - Founder of Sirona Ventures, Adjunct Professor at Rice University’s Business School, Supply Chain Optimization and Logistics Expert

Today’s supply chain leaders are required to stay strong in the face of disruption and not only accept it, but embrace it – after all, progress is made outside of your comfort zone. While it’s easier said than done, conquering the fear of instability in your supply chain is within your reach. Thanks to the advancement of technology and AI, we now have more tools and resources at our disposal than ever before to conquer, not crumble, in the face of uncertainty.

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Why companies need to accelerate data warehousing solution modernization

IBM Supply Chain Blog

Unexpected situations like the COVID-19 pandemic and the ongoing macroeconomic atmosphere are wake-up calls for companies worldwide to exponentially accelerate digital transformation. During the pandemic, when lockdowns and social-distancing restrictions transformed business operations, it quickly became apparent that digital innovation was vital to the survival of any organization.

Data 101
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How Consumer Brands Can Move Fast to Address Change, Become More Efficient

Supply Chain Brain

Companies make thousands of decisions a day about what to produce, where to put product and what to promote. But they often make those decisions based on very limited information.

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mdf commerce Vendor Analysis (Part 3) — In-depth P2P solution details, analyst summary

Spend Matters

Categories: eProcurement / Procurement , Procurement , Sourcing Tags: PRO This Vendor Analysis covers mdf's sourcing and e-procurement solutions (we hope to analyze its CLM solution and SIM capabilities at a later date). Part 1 of this mdf P2P vendor analysis offers a company background, SWOT analysis and an overview of mdf competitors. Part 2 looks at P2P product strengths and weaknesses and tech selection tips.

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How contractors use tech to tighten up supply chains

Supply Chain Dive

Centralized material tracking is key to shoring up the weak links in the procurement process exposed by the pandemic, construction execs say.

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Leveraging Data Analytics to Build a Truly Connected and Collaborative Supply Chain

The C-suite is laser-focused on supply chain performance. This GEP-sponsored report will show you how to leverage data for a collaborative supply chain that delivers results and how to future-proof supply chain management strategies.