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This Week in Supply Chain Management Tech September 8 2022

Supply Chain Matters

Procurement sourcing and tail spend solutions provider Fairmarkit announced the completion of a $35.6 This provider describes itself as an AI- enabled procurement Cloud platform built for the sourcing of lower-dollar, non-strategic purchases, commonly referred to as “ tail spend.” Fairmarkit Announces $35.6

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The worst Supply Chain practices must be confessed and not only by constraint

KEPLER Consulting

Non-updated product sheets in ERP (purchase price, MOQ, Incoterm,…) resulting in non-compliant supplier orders . This approach impairs flexibility to cope with the hazards of the various downstream systems (production tool, customer demand, etc.). Cumbersome processes with no added value.

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GAAP for Accounts Payable: What it is and why it's important

Precoro

One essential component of the financial cycle is Accounts Payable (AP), which refers to the amounts owed by an entity to its suppliers, vendors , and creditors for goods and services received. Saving and organizing documents and records for AP transactions, such as purchase orders , receipts, vendor invoices, and payment records.

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5 supply chain initiatives to combat ESG risks

Taulia

A 2023 report by Glow and NIQ shows that half of surveyed consumers changed the food and grocery brands they purchase based on ESG considerations, for example. Governance risks Governance risks refer to potential negative consequences due to misconduct by senior executives, employees, and the general poor running of a company.

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Lessons from the Latest Forrester Wave Reports

ivalua

The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). Procurement leaders today see the value of suites and the market has responded. Suites reign. The Winner Takes it All.

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How to ride the Source to Pay Wave? 4 Lessons you can learn from Forrester

ivalua

The first, authored by Duncan Jones and published on December 10, is The Forrester Wave : eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). Procurement leaders today see the value of suites and the market has responded. Lesson 1: Suites reign.

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S&OP, a vision for the future. The expert interview series #7

Supply Chain Trend

Currently as the Director of Supply Chain for Newell Brands Applied Materials, he oversees the SIOP process, production planning, procurement, warehousing, and logistics for servicing big box retailers including Walmart, Lowe’s, and The Home Depot. I have purchased the E-Book myself and truly enjoyed it. .

S&OP 60