Sat.Nov 25, 2023 - Fri.Dec 01, 2023

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What are the steps in the procure to pay process?

ProcurePort

The procure-to-pay process is a comprehensive journey involving steps from identifying a need for goods or services through payment to suppliers, emphasizing the importance of efficient communication, transparency, and strategic supplier relationships. Successful implementation of the procure-to-pay process requires meticulous attention to each stage, from request and purchase requisition to supplier evaluation, purchase order creation, […] The post What are the steps in the procure to pay

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Soft Skills in Procurement

Procurement Templates

Nailing Soft Skills in Procurement: The Unseen Superpower Hard skills and soft skills – which is more important? The answer is, really, that it depends. Hard skills are undoubtedly crucial in specific occupations, but there isn’t a job in the world that doesn’t require soft skills. Even those specializing in specific skill sets need soft skills to work collaboratively in a team.

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How can Procurement be used to Improve Compliance?

ProcurePort

Procurement as a Compliance Driver: Thorough vendor due diligence is essential, encompassing financial stability, adherence to labor laws, environmental practices, and ethical conduct. Proactively including compliance requirements in contracts ensures clarity, with regular audits facilitating continuous improvement and maintaining a compliant supply chain.

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How is the e-procurement system different from ERPs?

ProcurePort

In the dynamic and ever-evolving landscape of modern business operations, organizations are increasingly turning to innovative technologies to streamline their processes and enhance overall efficiency. Among the many technological advancements, Electronic Procurement (e-procurement) systems and Enterprise Resource Planning (ERPs) have emerged as integral components in the pursuit of operational optimization.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Biden Administration Holds First Supply Chain Council Meeting

Supply Chain Brain

Biden used the meeting to announce 30 actions that will provide Americans with access to medicine and the economic data needed to track the production and shipment of certain goods.

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Should I Electrify My Forklift Fleet? 5 Factors to Consider

All Things Supply Chain

With eco-friendly operations becoming more popular, many companies are considering a switch to electric-powered fleets. In fact, Statista projects that 60% of forklifts sold worldwide in 2030 will be electric.

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Exploring the Main Functions of E-Procurement Systems

ProcurePort

In the rapidly evolving landscape of modern business, organizations are constantly seeking innovative ways to streamline their processes, enhance efficiency, and cut costs. One such technological advancement that has significantly transformed the traditional procurement process is the implementation of electronic procurement systems, commonly known as e-procurement systems.

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After Onshoring: U.S. Supply Chains Can Drive Growth and Profits Through Sustainability Initiatives

Supply Chain Brain

Fortunately, corporate renewable energy and sustainability efforts are incentivized by local, state, and federal tax incentives that help offset the cost of adoption.

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How to build a successful employee experience strategy

IBM Supply Chain Blog

Ever since the pandemic changed the corporate world, organizations have rededicated themselves to excelling at employee experience strategy. A successful employee experience strategy (EX strategy) is the best way to recruit and retain top talent , as employees increasingly make decisions on where to work based on how they respond to employee needs. Organizations can prioritize overall employee experience by being thoughtful about how to serve their workers during all stages of the employee journ

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Procurement Memes

Procurement Templates

I’m going to share some real procurement stories that have happened to me, since we are on the theme of memes, I will let on what really happens in the day of a procurement manger. If you want to read the other version click here In the early days of my career I was working at a global company and I let out a tender. I got the most surprising feedback from a supplier.

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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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377: How AI is Improving Supply Chain Sustainability, with Dyci Sfregola and Hope White

Let's Talk Supply Chain

 It’s been a while since we brought you an episode of Thoughts and Coffee on Let’s Talk Supply Chain, but this recent episode was too good not to share. Because it was hosted by, not one, but two of our super talented live show hosts. Dyci Sfregola, host of Action Items, and Hope White, host of No Bullshipping, sat down to discuss how AI is changing the game when it comes to supply chain sustainability.

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Panama Canal Water Levels Will Affect Western Trade in 2024

Supply Chain Brain

In response to the ongoing crisis, carriers have begun redirecting their shipments to the U.S. West Coast or have opted for alternative routes via the Suez Canal.

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List of Top 7 Supply Chain Management Scholarships

SCMDOJO

Supply chain management is one of the popular courses in today’s world and the education system. It is a field that requires individuals to have technical and excellent problem-solving abilities, which are vital in enhancing efficient logistics operations in different industries. Pursuing a degree in supply chain management requires utmost dedication and adequate finances to cater for tuition, accommodation, stationery, and other important necessities for a smooth school life.

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New IRA guidance limits battery components made in China

Supply Chain Dive

The proposed guidelines clarify how the law’s “foreign entity of concern” requirements will impact automakers’ ability to qualify for EV tax credits.

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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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6 climate change adaptation strategies every organization needs today

IBM Supply Chain Blog

There’s a lot of talk about how organizations can and should reduce their negative impact on the environment. While staying focused on mitigating our current and future contributions to climate change is crucial, we cannot ignore the dire impacts of existing climate hazards. Risks from wildfires, floods, heat, drought and wind have always been a concern, but climate change has intensified these risks, making them more frequent and unpredictable for organizations.

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Florida Producer Growers, Brokerages Included in ReposiTrak Expansion

Supply Chain Brain

Some of the new users include a Longwood, Florida-based watermelon grower, processor and brokerage as well as an Immokalee, Florida-based green bean, eggplant, squash and pepper grower.

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Executives on Notice: Canadian Supply Chain Law Targets Businesses

SCMR (Supply Chain Management Review)

A Canadian supply chain law set to take effect Jan. 1, 2024, will place the responsibility on brands, retailers, and importers to identify and prevent child and forced labor within their supplier networks.

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How the US is leveraging its spending power to strengthen supply chains

Supply Chain Dive

Procurement tactics like creating demand signals and convening key industry players are critical tools in the government's playbook, a White House advisor told Supply Chain Dive.

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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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Types of enterprise resource planning (ERP) systems

IBM Supply Chain Blog

The fast-paced business world we live in today requires smart tools to manage a business’s operations and everyday needs. Enterprise resource planning (ERP) is a business management software built to do just that. This relatively new system offers a centralized platform with applications to manage all aspects of your business from supply chain management to inventory management to financial management.

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Why the Information and Communications Tech Industry Is Poised for Rapid Growth

Supply Chain Brain

This has been a challenging year for the multi-trillion-dollar information communications technology industry. Now, however, it looks like the downturn is behind us, and growth is predicted in the near term.

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Innovation Ramps Up as Firms Invest in Supply Chain

SCMR (Supply Chain Management Review)

The average company investment in supply chain innovation has nearly doubled in 2023 compared to 2022, according to new research from Catena Solutions.

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FedEx, UPS snag Black Friday volume share from regional carriers: Shipium

Supply Chain Dive

National providers' peak season gains indicate their rate discounting efforts are paying off, the shipping platform's CEO said.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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Real-time artificial intelligence and event processing  

IBM Supply Chain Blog

By leveraging AI for real-time event processing, businesses can connect the dots between disparate events to detect and respond to new trends, threats and opportunities. In 2023, the IBM® Institute for Business Value (IBV) surveyed 2,500 global executives and found that best-in-class companies are reaping a 13% ROI from their AI projects—more than twice the average ROI of 5.9%.

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Ivalua Launches AI-Powered Virtual Assistant

Supply Chain Brain

IVA offers supplier research capabilities, market insights, legal assistance, RFP assistance and improvement plans that summarize supplier actions and suggest appropriate responses.

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Compliance Risks Favor Large Global Apparel Retailers

SCMR (Supply Chain Management Review)

Companies across sectors are increasingly shifting manufacturing away from China in an effort to reduce vulnerability and exposure to rising labor costs. Research from Moody’s finds that large global apparel companies may fare the best when diversifying.

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Cargill bolsters traceability efforts to end deforestation in South America

Supply Chain Dive

One of the world's largest commodities traders is moving up its timeline to eliminate land use conversion from supply chains in Argentina, Brazil and Uruguay.

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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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Synthetic data generation: Building trust by ensuring privacy and quality

IBM Supply Chain Blog

With the emergence of new advances and applications in machine learning models and artificial intelligence, including generative AI, generative adversarial networks, computer vision and transformers, many businesses are seeking to address their most pressing real-world data challenges using both types of synthetic data: structured and unstructured. Structured synthetic data types are quantitative and includes tabular data, such as numbers or values, while unstructured synthetic data types are qu

Quality 86
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Amazon Launches Four New AWS Supply Chain Tools

Supply Chain Brain

The new tools include AWS Supply Chain Planning, AWS Supply Chain N-Tier Visibility, AWS Supply Chain Sustainability and Amazon Q.

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Risk management: Say goodbye to disruption

SCMR (Supply Chain Management Review)

Don't let disruption derail your supply chain. Get ahead with risk mitigation strategies from our Special Digital Issue. Download now.

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Air cargo spot rates perk up in October

Supply Chain Dive

While prices are picking up, freight forwarders still don’t expect major improvement in the market until the second half of 2024, according to Clive Data Services.

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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