Sat.Jul 08, 2023 - Fri.Jul 14, 2023

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P-Cards: What Are Corporate Purchasing Cards and How Do They Work

Planergy

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

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Finance and Procurement: How to Become Natural Allies

Procurement Software

Finance and Procurement are two functions which should, and must, work more closely together. The sad fact is that we often don’t seem to be natural allies. What’s more, we often end up having a fractious relationship with one another. So, with that in mind, I took to my collective hive mind that is my LinkedIn network and the following question why this is the case, and how we can improve it.

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Surviving Economic Challenges: Procurement’s Role in Strategic Spend Management

Art of Procurement

There’s a savings pendulum that swings, and it tends to swing one way or another. During COVID, a lot of. The post Surviving Economic Challenges: Procurement’s Role in Strategic Spend Management appeared first on Art of Procurement.

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Supply Chain Weekly Wrap-Up 07/07/2023-07/13/2023

All Things Supply Chain

Rivian EVs deliveries for Amazon surpass 150 million Amazon has revealed that it has successfully delivered over 150 million packages using electric vehicles (EVs) from Rivian.

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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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Can brands save profits without squeezing suppliers?

Procurement Leaders

With inflation driving down sales, manufacturers can only push costs up so much and they’re feeling the pinch. While the reflex for many will be to squeeze suppliers, this isn’t the solution. Pressuring suppliers to drop prices only limits the resources with which they can work. This blocks the value that manufacturing brands can draw from these businesses, such as dependable supply and information that prevents risk and attracts opportunities.

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Stakeholder management

ABC of Procurement

Procurement does not have only SRM - Supplier relationship management. We have an equally important element - our stakeholders. The post Stakeholder management first appeared on ABC of Procurement.

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Sheri Hinish Named Global Top 10 Supply Chain Influencer and Tim Cook Apple CEO is ranked #1

Supply Chain Queen

When I started my social media journey, I had 113 connections on LinkedIn, and didn’t know what Twitter or Instagram were OR, how to use them. With over 100k followers cross-channel and a thriving podcast, I wanted to pause and send a heartfelt thank you , and a bit about my journey.I felt out of.

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Uncertainty at Yellow sparks freight shift to other carriers

Supply Chain Dive

Some shippers are sending their loads to other LTL carriers over concerns about the company's future, TD Cowen analysts say.

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The Pros And Cons Of Outsourcing vs. In-House Sourcing

Procurement Freelancers

Outsourcing and in-house sourcing are two popular strategies businesses employ in their operations. While outsourcing… The post The Pros And Cons Of Outsourcing vs. In-House Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

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350: Blended – Climbing the Career Ladder: The Truth About Workplace Seniority

Let's Talk Supply Chain

Welcome back to Blended! It’s episode 34, I’m joined by a brand new panel of inspirational professionals, and, today, we’re talking about seniority in the workplace. Now, seniority is often the goal for many of us on our career journeys, but not everyone makes it – for a variety of different reasons. And when they do make it to the top, there can often be a negative impact on those below and, in turn, on workplace cultures and overall business success.

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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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Nike and Dynasty Gold Being Investigated Over Forced Labor Allegations

Supply Chain Brain

The probes were launched after an assessment of complaints regarding the overseas operations of 13 Canadian businesses was filed by a coalition of 28 civil society organizations in 2022.

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CFO Dive: How predictive analytics can curb just-in-time inventory pitfalls

Arkestro

All Case Studies Whitepapers Webinars Videos Press Blog Featured News Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency read more Koch Engineered Solutions Achieves Procurement and Supply Chain Success with Arkestro read more In The News Grow CFO: How can CFOs Help Their Procurement Teams Avoid “Anchor Bias”?

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Proactis: Vendor Analysis, 2023 Update (Part 3) — S2P solution process/module details and analyst summary

Spend Matters

Part 3 of this Spend Matters PRO Vendor Analysis 2023 update focuses on a deeper overview of each part of Proactis offering for S2P, with a detailed look at each of its modules. We also cap off the series with an analyst summary. This content is for members only. Visit the site and log in/register to read. The post Proactis: Vendor Analysis, 2023 Update (Part 3) — S2P solution process/module details and analyst summary appeared first on Spend Matters.

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Port Workers Strike Costing $3.7b

Procurement Bulletin

Port Workers Strike Costing $3.7b Already in its fifth day of workers strikes, 7,000 port workers at 30 ports within the province of British Columbia (B.C.) continue to strike for higher wages. The work action is potentially costing $3.7b and disrupting an already fragile supply chain that’s seen a fair share of disruptions over recent years. Speaking of Worker Strikes… Workers for UPS may go on strike if an agreement on wages isn’t agreed upon by July 31st.

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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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Watch: Demand Shaping Comes to the B2B World

Supply Chain Brain

The use of data for demand sensing and shaping, already well-advanced in the B2C world, is now being adopted in B2B as well, says Sujit Singh, chief operating officer of Arkieva.

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Is vertical integration the new monopoly?

SCMR (Supply Chain Management Review)

There will always be some constricting of the market in which the number of suppliers for a specific product are reduced. The rule of supply and demand drives companies to sustain or die. The difference this time is that these companies are now vertically integrated to the point that allows them to control the market.

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Proactis: Vendor Analysis, 2023 Update (Part 1) — S2P solution overview, market analysis, company SWOT, competitors

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Proactis and its solution for source-to-pay (S2P). The complexity of S2P with its use of multiple systems to address each aspect it covers, manual processes, data quality issues and process variations can make managing the end-to-end process difficult. Organizations need to invest in technologies that improve visibility and control over the entire S2P process.

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KB Home says efforts to trim SKUs lowered building times, costs in Q2

Supply Chain Dive

Although overall product availability is improving, air conditioning and heating equipment, switchgears and transformers remain in short supply.

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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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Six Benefits of End-to-End Supply Chain Visibility

Supply Chain Brain

Industry research suggests only 6% of supply chain professionals claim to have full visibility into their supply chain, and only 17% claim to have partial visibility. But why are those numbers so low?

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Why Supply Chain Leaders Should Care About B2B Customer Service Automation

SCMR (Supply Chain Management Review)

In this webinar, you’ll find out why forward-thinking supply chain leaders are turning to customer service automation to create the conditions necessary to harmonize all the people, processes and technologies that work for and with a business and drive its success.

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Proactis: Vendor Analysis, 2023 Update (Part 2) — S2P solution strengths and weaknesses, tech selection tips

Spend Matters

Part 2 of this Spend Matters PRO Vendor Analysis 2023 update focuses on the strengths and weaknesses of Proactis’ S2P solution. We will also look at the elements to consider when looking at SAP Ariba as a potential solution provider. Part 1 of the series provided a history and overview of Proactis’ S2P solution and a company-level SWOT analysis and profiles of competitors.

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3 top questions on the future of lithium, cobalt and nickel supply: report

Supply Chain Dive

The International Energy Agency is optimistic global supply of critical minerals can keep pace with demand, but is skeptical when it comes to diverse sourcing.

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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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Eradicating Slave Labor Starts with a More Transparent Supply Chain

Supply Chain Brain

Until recently, most companies simply haven’t been interested in offering deep supply chain transparency. Now, they are beginning to realize the urgent need to do so.

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Supply chain must lead the shift from risk mitigation to competitive advantage

SCMR (Supply Chain Management Review)

To gain a competitive advantage, every company needs to make a conscious decision about which topics are most important in the E, S and G pillar to their corporate supply chain strategy.

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Generative AI: What CLM end users can expect, and what’s coming next

Spend Matters

Generative AI is already at the forefront of business processes and long-term plans across many industries. Procurement and source-to-pay are no exceptions, especially contract lifecycle management (CLM). Notably, procurement tech users and legal professionals can now use ChatGPT and similar tools to analyze contract language and even in the clause-writing process itself by drafting some initial language.

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UPS-Teamsters negotiations roundup: Employees told to ‘protect’ volume, labor official weighs in

Supply Chain Dive

While the company aims to quell customer concerns as the deadline nears, the union is readying its members for a strike via practice pickets.

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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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The Future is Now: 3 Ways to Automate Your Warehouse for Scalability

Supply Chain Brain

Smaller operations without the capital to go full speed ahead run the risk of being outpaced by competitors. So where do they begin? This eBook will outline simple, approachable steps to automation—no cutting-edge, complicated tech required.

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What are Scope 3 emissions and why should the worldwide air cargo logistics industry care?

SCMR (Supply Chain Management Review)

Collaboratively working to reduce emissions is not only good for the health of individuals and the planet; it is also good for business, and that's why the air cargo industry needs to address Scope 3 emissions.

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[Pod] The Peculiarities of Construction Procurement w/ Neha Kumar

Art of Procurement

“We all know that there are going to be change orders and that pricing will fluctuate. That’s why focusing on. The post [Pod] The Peculiarities of Construction Procurement w/ Neha Kumar appeared first on Art of Procurement.

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Love’s names new chief supply chain officer

Supply Chain Dive

Eddie Burt, former EVP and Chief Supply Chain Officer for Big Lots Stores, joined the travel center chain last week, a company spokesperson confirmed.

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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