Sat.May 07, 2022 - Fri.May 13, 2022

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Supply Chain Weekly Wrap-Up 05/06/2022-05/12/2022

All Things Supply Chain

Drug producers supplying NHS face supply chain crisis The National Health Service (NHS) in the United Kingdom is facing a shortage of medicines which are relied on by hundreds of…

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7 Contract Management Functions You Can Automate Today and Secure Peace of Mind

ProcurePort

• Managing agreements is a critical part of any procurement process. In a normal procurement process, buyers, usually organizations or institutions, send their purchase requests to suppliers to inquire about product availability, pricing, and delivery. • So, a significant part of any procurement function is to make and deliver on agreed-upon commitments through formally signed […].

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How to Leverage Your Supply Chain Data to Drive Procurement Value

ivalua

The post How to Leverage Your Supply Chain Data to Drive Procurement Value appeared first on Ivalua.

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What to focus on in IT tenders

ABC of Procurement

IT procurement is a completely different type of procurement. How procurement can add value to the process? Here are a couple of hints. The post What to focus on in IT tenders first appeared on ABC of Procurement.

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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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Reducing Overhead In A Supply-Based Business

All Things Supply Chain

No matter what they do or what markets they serve, all companies have to worry about their overhead expenses.

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What Does a Strategic Sourcing Manager Do? Strategic Sourcing Roles and Responsibilities

ProcurePort

• The role of the procurement department in businesses today exceeds just finding the lowest possible price for items the organization needs. •The global nature of business today is such that a business can source items from anywhere in the world if it makes logistical and business sense. • It’s about establishing relationships and hedging […].

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U.S., EU Plan to Pledge Supply Chain Cooperation to Counter Russia

Supply Chain Brain

The U.S. and European Union plan to keep addressing supply chain and other disruptions as they project a unified front against Russia when high-level officials meet starting Sunday to discuss cooperation on trade and technology issues in Paris.

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11 Supply Chain Podcasts you should listen to

All Things Supply Chain

In the area of supply chain, it is important to keep up to date with the latest news and trends.

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Benefits of a Strategic RFx Process

ProcurePort

• Strategic sourcing is a critical element of any successful organization. Organizations rely on strategic sourcing in meeting short-term and long-term needs. To sufficiently meet the ever-changing customer needs, you need a reliable and strategic procurement process. • It’s critical to know what a strategic RFx process is in procurement planning and management.

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Digital Marketing for Manufacturing Tips for Success!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Create a Digital Marketing Strategy for a Logistics Company! Most manufacturers still rely on traditional methods to promote their business. Word-of-mouth referrals, networking events, and trade shows are still preferred by those in the manufacturing industry for a good reason they still work.

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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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Port Automation Is Hot-Button Issue in West Coast Labor Talks

Supply Chain Brain

While all parties have expressed confidence that an agreement will be reached between dockworkers and employers without disruption, they conceded there will be “difficult” issues. Among these are certain to be the wrangle over automation.

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The Endless Complexities of the Ocean side of Supply Chains

SCMDOJO

Each year around 700 million TEUs are shipped across the world keeping global trade and businesses running and more than eighty percent of global goods trade volumes are carried by sea, with about a sixth of that volume in shipping containers. The advent of containerization heralded a revolution in cargo handling techniques, the ramifications of which are still influencing maritime trade all over the world today.

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Procurement Experts on CPO Rising – Furthering the Mission in Higher Education

CPO Rising

Our “Procurement Experts on CPO Rising” series continues today with an excerpt from my 2021 episode of the Procurement Rising Podcast – Bill Cooper, former Associate Vice President and Chief Procurement Officer for the UC system, now retired (click to listen to the full interview). Note that this excerpt has been edited for readability. The Role of Procurement in […].

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Supply Chain Intelligence Summit! (Video)

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! In April, 2022 I was invited to present at Unicorn Partners’ Supply Chain Intelligence Summit. They wanted to have “an intensive and critical examination of the reality and the dream of end-to-end supply chain visibility” For anyone who follows Supply Chain Game Changer, you know that we view end-to end Supply Chain connectivity and visibility as the foundati

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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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From Disorderly Data to Supply Chain Insights: A Five-Step Plan

Supply Chain Brain

In recent years, companies have heavily invested in tools to collect and create new data sets. Yet they continue to face challenges in translating that data into valuable business insights that lead to supply chain improvements.

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4 tips that can boost your relationships with suppliers

Strategic Sourceror

In just about every product-driven industry, too many dollars are chasing after too few goods. From microchips to crude oil to food staples that are typically well stocked — like wheat, corn and eggs — the items you need to complete your manufacturing processes remain difficult to come by. This puts the suppliers that provide you with these necessities in a bit of a predicament — especially when they have other customers who are looking for the same hard-to-find raw materials that you are.

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Procurement vs Purchasing: What’s the Difference?

Procurify

Written by: Delaney Rombough. Many people use the terms procurement and purchasing interchangeably. But despite their similarities, they do have different meanings. One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area.

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How to Help Friends or Relatives with Money Problems!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What to do in a Financial Emergency! When people face sudden money problems , they will most likely turn for help to their relatives and friends in the first place. During challenging times and financial hardship, you may become the first person your loved ones will talk to. If your close friend or a family member needs to get money today , there are several options.

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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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Confronting the ESG Imperative in Supply Chains

Supply Chain Brain

SupplyChainBrain is presenting its first issue devoted entirely to Environmental, Social and Governance (ESG)-related topics — with insights from industry experts engaged directly in the effort to forge ethical supply chains, and in a position to offer practical advice on how others can follow their example.

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Solving Tail Spend in a Legacy S2P Ecosystem – Henning Hatje from Lhotse

The Procuretech Podcast

This week we’ve got a sponsored episode, welcoming back a guest we last spoke to in September 2021, Henning Hatje from Lhotse. Lhotse has a tactical and tail spend solution, which they see as something complementary to a legacy suite based approach. So if you've spent a lot of money investing in one of these suites and you're not likely to change provider, or maybe your company has a strategy to use a specific ecosystem that matches and ties in with your ERP (not naming names!

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How the Indonesian palm oil export ban could raise global consumer prices

Strategic Sourceror

We use palm oil in nearly every facet of our lives, whether we are aware of it or not. From cooking oil, to hair products and biofuel, palm oil is pervasive at every level of society for many different purposes. The ubiquity of the oil cannot be overstated, with an article in The Guardian stating that over 70% of all personal care products contain it, as well as being the cooking oil for major fast food brands and an integral part of baked goods without trans-fats.

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The Value of Logistics and Supply Chain Education!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? There are a lot of companies in the supply chain, and they all work together to make almost every product that comes into contact with a customer. This is the idea behind supply chain management. Even though supply chains have been around since the beginning of time, the field of Logistics and Supply Chain education has only recently been considered in dep

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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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Three Steps to Building Sustainable Supply Chains

Supply Chain Brain

With the expansion of global trade and evolution of omnichannel retail, supply chains have become increasingly critical, complicated and challenging, spotlighting the impact of globalization and fulfillment of commerce on the environment.

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Contract Management Reports for Your Healthcare Organization

ContractSafe

Contract management reports provide data for analyzing everything from compliance, budgets, and finances — to project bids, vendor relationships, and contract task management.

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Top 3 Reasons Predictive Procurement Orchestration is the Future of Procurement

Arkestro

Predictive Procurement Orchestration (PPO) is the future of procurement. Why do we say that? The goals of procurement in an organization used to be relatively simple. Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. With the advent of globalization, things got more challenging.

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5 Keyword Research Methods to Increase Visibility on Amazon!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Sell on Amazon! The Complete Guide! There are a few factors that can make your product stand out to the customers. One of them is if your product offers standard quality at a relatively low price. While price is still the main factor for customers to notice your product, when it comes to online shopping, keywords somewhat play the same role.

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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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Could Data Standards Solve the Supply Chain Crisis?

Supply Chain Brain

A lack of data sharing is one of today's most glaring issues in supply chain management. But just as important is that every stakeholder is on the same page — working with the same kind of data at the right time.

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Top tips for creating better relationships with your suppliers

Strategic Sourceror

One of the most difficult things in supply chain management is creating and maintaining strong relationships with your suppliers. Building the necessary level of trust, transparency and dedication going both ways is energy-intensive and emotionally draining. As difficult as it can be, the rewards make it incredibly worthwhile. As one writer from the University of North Carolina put it, a comprehensive strategic alliance between a company and their supplier is like a marriage — the more work you

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5 Advantages of Supplier Relationship Management Software

Procurement Software

This is a sponsored post by Kodiak Hub. Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions.

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3 Tips to Keep Self-Storage Clean and Organized!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Should You Choose Self Storage or a Portable Storage Container? It is a saying that ‘Cleanliness is next to Godliness. All cultures have emphasized it to keep your surroundings and self-storage clean and tidy. Since Self-storage facilities are a second home to your belongings, you also need to keep them clean, just like your home.

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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