ProcurePort

What is the Role of Suppliers in Supply Chain Management?

ProcurePort

• Efficient and well-ordered suppliers are worth their weight in gold. In an increasingly competitive world, establishing favorable relationships with such high-caliber suppliers is imperative for good business. • But who or what are suppliers? And why are they so important? •

Supply Chain Sourcing and Buying 101

ProcurePort

• There is a lot of work that goes into a company’s sourcing and buying activities beyond just the transaction. In many cases, the nature of the transaction and the intended frequency of purchase will dictate the sourcing process. •

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Strategic Procurement and Supply Chain Management: What is it?

ProcurePort

• Strategic procurement refers to a long-term plan to enhance the supply of specific goods and services essential to meeting an organization’s core objectives.

2022: The Year to Build Supply Chain Resiliency

ProcurePort

Global supply chains have suffered immensely in the last two years due to the COVID-19 pandemic. There has been a shortage of materials, shipping prices have gone up, and ports have been backed up. A lot of companies missed their demand forecasts.

Automating Freight Forwarding Processes with CargoWise Workflow

This training guide helps freight forwarders utilize the productivity capabilities of CargoWise. It covers 5 key CargoWise Workflow features, the importance of auditing your operation’s processes, and using automation for maximum productivity.

Supplier Contract Negotiation In Procurement: 5 Things to Remember

ProcurePort

• In the business world today, delivering the highest possible value from the supply chain depends a lot on the kind of supplier relationships an organization can maintain. Relationship management begins from vendor prequalification, to contracting, and eventually to performance and evaluation.

Seven Trends in Procurement and Supply Chain Management

ProcurePort

• Beyond flying cars and hoverboards, we’ll see a lot in the future. Machine learning, analytics, big data, cloud, and artificial intelligence are some of the few forces that are revolutionizing and defining the tech landscape. •

9 Latest Trends That Will Shape Procurement in 2022 and Beyond

ProcurePort

• The latest trends in the procurement sector for the last two years have been informed by the disruptions that came about in 2020 during the height of the COVID-19 pandemic. • The events of 2020 exposed weakness in supply chains, especially the lack of visibility and agility.

6 Things a World-Class Strategic Sourcing Team Must Consider

ProcurePort

• Strategic sourcing is a practice in procurement that seeks to utilize a single, integrated process for purchasing and supply chain management.

What is Supply Chain Management Process?

ProcurePort

• Defining supply management is difficult because of the many processes and disciplines involved. However, the best way to understand it is to refer to it as the aggregate of activities done to ensure a smooth flow of products from production to delivery to customers.

5 Powerful Prescriptive Analytics Examples in Supply Chain

Prescriptive analytics is a type of advanced analytics that optimizes decision-making by providing a recommended action. Supply chain, with its complex planning questions, is typically an area where optimization technology is required. Read about 5 use cases.

What Steps Are Included in the Procurement Process to Ensure Quality?

ProcurePort

• The goal of procurement is to keep up with an organization’s emerging product and supply chain needs to meet the business’s end goals. Procurement is a strategic process involving identifying, selecting, negotiating, and settling contracts with suppliers.

Global Procurement Services and Strategic Sourcing – ProcurePort

ProcurePort

• The quest for efficiency and agility in supply chains has led companies to develop relationships with suppliers from all over the world. Companies cannot limit themselves to only sourcing from one supplier or market when value opportunities abound elsewhere.

What’s Inspiring Supply Chain Leaders Now

ProcurePort

• The coronavirus pandemic is nearly over. Global supply chains are gradually getting back to their former efficiency and economies are beginning to pick up. • All of this is of course welcome news for a lot of supply chain leaders for whom the past two years have been nothing short of a nightmare.

Types of Sourcing Strategies in Procurement

ProcurePort

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. Today, supply chain and transportation costs amount to 60% to 70% of total sales, depending on the company and industry. •

Getting Started With Scenario Modeling in Supply Chain Network Design

To build your supply chain’s agility and responsiveness, you need to look at scenarios more frequently instead of relying on a single plan. Let’s explore how you can apply scenario modeling in supply chain network design.

In the Face of Inflation, and Supply Chain Shortages, How Can Businesses Cut Corporate Travel Costs and Spend Less?

ProcurePort

• A year ago, a gallon of gas in the United States set you back around $3. Today, the same gallon costs $5. The long and short is that inflation and supply chain shortages are rearing their ugly head and making its effects felt far and wide. •

How to Overcome the Top 3 Challenges to an Effective Digital Supply Chain

ProcurePort

• In many companies, customer-facing activities have been digitized much faster than supply chain operations. The procurement of maintenance, repair, and operation items for manufacturing enterprises and inventory for trading companies can benefit immensely from digitization.

Why Supplier Relationship Management Should Be Your First Focus

ProcurePort

• Firms today are facing supply chains that are increasing in complexity. A manufacturing entity may work with hundreds of suppliers on different continents. Customers are demanding competitive pricing, hence making margins even slimmer.

Top Vendor Management Problems and How to Overcome Them

ProcurePort

• Most companies rely on secondary systems to store and manage information on their vendors. Most times, it is an accounting or payables management system. • Yet, such systems are not sufficient in an environment where the company has tens or hundreds of vendors.

Best Practices to Model Carbon Costs in Supply Chain Network Design

How to model carbon costs in your supply chain design? Make conscious choices by comparing scenarios indicating at which points in the supply chain carbon emissions occur and achieve the right balance between sustainability and cost.

Vendor Management for Dummies

ProcurePort

• A vendor management system provides efficiency, reduces operational costs, and extends a collaborative approach to improving products and services. Managing vendors is a central part of any procurement process.

How to Prepare for Emerging Supply Chain Regulations

ProcurePort

• The global development goals have highlighted the changing role of sustainability. The GDPs seek to ensure that individuals, organizations, and institutions follow the set regulations in protecting and safeguarding the sustainability of future generations. •

What is Sourcing Strategy and Why is it Important?

ProcurePort

• Strategic sourcing is a combination of activities aimed at aligning a company’s procurement spend with its overall objectives. • It’s about spending money in the wisest ways rather than just angling for the lowest prices of items.

The Role of Procurement and Supply Chain in Manufacturing Companies

ProcurePort

• Manufacturing shop floors convert resource inputs into finished outputs. Finished products are packaged and distributed to wholesalers, hypermarkets, retailers, and consumers. •

Easily Build an Optimization App and Empower Your Data

Speaker: Gertjan de Lange

Solving complex business problems requires optimization modeling techniques and data to compare scenarios and make the best decisions. With AIMMS you can rapidly build an optimization app on top of your data and deploy it to the end-user in just a few clicks.

What Is a Procurement Strategy? 8 Steps to Develop One

ProcurePort

• What is procurement strategy? Procurement is a hinge operation in most organizations. Done right, it greatly facilitates cost mitigation, improves risk and supply chain management, and expedites sourcing. •

Supplier KPIs | 7 Performance Indicators You Should Be Measuring

ProcurePort

• A procurement function without supplier performance KPIs is likely a fruitless process. While this procurement function may work in the short term, it cannot meet long-term procurement needs and changing supply chain demands.

A New Reality for Oil and Gas Procurement and Supply Chains

ProcurePort

• The oil and gas procurement has endured some turbulent times over the last 24 months. In 2020, the world witnessed record low prices as the demand for oil and gas reduced dramatically due to lockdowns.

Business Benefits of Deploying Supplier Performance Dashboard

ProcurePort

Are you keen to improve your vendor supplier relationship but don’t know how? Supplier performance dashboards are the latest innovation when it comes to improving vendor monitoring and overall business performance. Tackling supply chain challenges in a digital world requires digital solutions.

New Research: The State of Supply Chain Network Design in 2022

This report explores how the state of supply chain network design has changed – including how the tools, maturity models, and market demands are transforming the network design practice.

Procurement Software Trends to Keep Track Of in 2022

ProcurePort

As the world continues to grapple with COVID-19, procurement professionals are looking to find ways to continue creating value. It’s clear that businesses need more resilient supply chains to continue fulfilling business procurement needs.

The Importance of Supply Chain Collaboration

ProcurePort

Supply chain collaboration is a common practice in the supply chain industry. It occurs when different autonomous firms collaborate or team up to execute supply chain tasks and operations. Collaboration is a cooperative strategy because two or more business units cooperate to realize mutual benefits.

Supply Chain Efficiency vs. Effectiveness

ProcurePort

Is your supply chain optimized for efficiency or effectiveness? Well, ‘what’s the difference?’ you would ask. Efficiency is related to the traditional approach to supply chain management and optimization. The cost was always the important indicator of performance.

Supply Chain Analytics: What It Is & Why It Matters

ProcurePort

Organizations generate huge amounts of data from the activities at various stages of their supply chains. This information is recorded through applications that aid inventory management, warehouse management, shipping, and procurement.

Supply Chain Strategy (And Why Yours Isn't Working)

Speaker: Michelle Meyer, Founder and CEO of MatterProviders

Michelle Meyer is here to walk you through the future of supply chain strategy, and why your current approach is probably not working. In this exclusive webinar, she will explore ways to develop and perfect your new supply chain strategy in this post-pandemic era of uncertainty.

Applying e-Procurement System in The Healthcare

ProcurePort

Following the increased complexity of healthcare procurement and the benefit of sound supply chain controls, experts are calling for hospitals to introduce advanced technologies for the effective management of healthcare procurement and supply chain processes.

Current Challenges in Biotech Procurement

ProcurePort

The COVID-19 pandemic wreaked havoc, disrupted supply chains, and biotech procurement operations for thousands of companies around the country. The current biotech procurement challenges being faced by Chief Procurement Officers and their teams are colossal.

Retail’s Supply Chain Crisis

ProcurePort

The global supply chain has experienced plenty of challenges stemming from the global pandemic that began in early 2020. This year, there have been reports of container challenges, floods, and port closures due to COVID-19 outbreaks.

Supply Chain Analytics: What It Is & Why It Matters

ProcurePort

Over 59% of enterprises report using supply chain analytics in their daily operations. With data being the new oil, smart Chief Procurement Officers make full use of it to make strategic decisions.

Gain a Competitive Edge: The Importance of a Supplier Diversity Program

Speaker: Rod Robinson, SVP of the Supplier Diversity Practice, Insight Sourcing Group

In this exclusive webinar, Rod Robinson, SVP of the Supplier Diversity Practice Lead & Center of Excellence at Insight Sourcing Group, dives into the key benefits corporations are seeing emerge from their supplier diversity programs, and how you can gain unique competitive advantages with a supplier diversity program of your own.