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Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2021 and see what our readers found to be the most interesting. Procurement and Supply Chain are Smarter Together – Practical Use Cases ; Dr. Madhav Durbha ( Coupa ). year-on-year in 2020 with a 39% increase in Q1 2021.
The Uyghur Forced Labor Prevention Act (UFLPA), signed into law on December 23, 2021, aims to prevent goods made with forced labor from entering the U.S. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Procurement ran a request for proposal event.
The goal of the report series is well-defined and strong in terms of ‘what’, but, in my opinion, the report lacks a clear ‘so what’ Here are some data points: The 2002 report states that in 2021, the United States’ business logistics costs increased by 22.4 percent to $1.85 End-to-End Planning.
PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70%
The UFLPA, signed into law on December 23, 2021, specifically targets goods from the Xinjiang Uyghur Autonomous Region (XUAR) in China. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. market unless proven otherwise. from Canada and Mexico.
Texas Freeze (2021): Supply of semiconductors and plastics ground to a halt. What a Real Continuity Plan Includes Strong business continuity planning goes well beyond a binder on a shelf. It should be woven into how the supply chain is run. Companies with dual sourcing and buffer inventory got back on track faster.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. A Blueprint for Demonstrating the value of Strategic Procurement.
Ivalua NOW 2021 – Premier event for Procurement & Supply Chain practitioners will showcase latest spend management innovations and extensive line-up of industry leaders . The 2021 series will take place virtually, on March 23-25 for European time zones and on April 27-29 for America’s time zones.
What Will Impact Procurement Processes in 2021? Supply Chain Transformation is ongoing but never more important than in 2021. In 2021, organizations will look to further capitalize on their investments by realizing additional cost benefits. This was due in large part to the way they were designed. “For
Read more A New Approach to Contract Freight: How Shippers Can Refocus Their Transportation Strategy in 2021. The post A New Approach to Contract Freight: How Shippers Can Refocus Their Transportation Strategy in 2021 appeared first on Talking Logistics with Adrian Gonzalez.
As COVID-19 demonstrated, effective procurement is critical to organizational success. Procurement & Supply Chain leaders of winning organizations have earned a slot on the boardroom agenda. The post Amer 2021 – EN – Intro appeared first on Ivalua. Register NOW. Eisenhower.
Écoutez les histoires et laissez-vous inspirer par les innovations des pionniers du Procurement qui ouvrent la voie à la transformation numérique – et repartez avec des connaissances exploitables sur la façon dont vous pouvez donner à votre organisation les moyens de se relever et atteindre tous les défis à venir. Eisenhower. !-->.
FDAs Drug Supply Chain Security Act (DSCSA) and global standards like ISO 20400 for sustainable procurement are driving companies to adopt blockchain for improved compliance and accountability. This prevents fraud and increases transparency.
The discipline has done a good job of driving collaboration between sales and marketing and manufacturing, procurement, and logistics. Because procurement is a major theme of the conference, I could not help but talk to the top executives of this business unit about the new Elon Musk biography.
In association with The Times, Raconteur has recently published a very insightful report, entitled Supply Chain Resilience 2021. For example, the report urges us to rethink just-in-time ordering, because “the global semiconductor shortage has highlighted the pitfalls of procuring parts right at the moment they’re needed”.
The Commercial Vehicle Safety Alliance (CSVA) International Roadcheck is set for May 4-6, 2021. With the added pressure for speed, service and timeliness, paired with a tight economy and produce season coming at full speed, it’s a problematic situation that will continue the 2020 capacity crunch through early summer 2021.
If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. And, what should you do about those COVID-related swings in your historical … The post Freight Procurement in a Pandemic: Preparing for the Bid appeared first on Chainalytics.
Procurement’s stature has grown during the COVID-19 crisis as costs, cash flow and supply continuity quickly became top boardroom priorities and homepage news. Across the world, procurement leaders have risen to the challenge. People should be thankful, and procurement practitioners proud. Examples abound.
Cloud has evolved to provide the ideal infrastructure and platform for hosting multiple supply chain partners to collaboratively offer optimized services including planning, logistics, sourcing, procurement and spare parts management.
I provided a glimpse of the study content in an article in October that lists the top 20 warehouse automation suppliers , based on ARC’s estimates of 2021 revenues. In fact, retail and other verticals such as logistics providers (parcel) experienced rapid growth from 2019 – 2021. percent four-year CAGR.
The peak disruption was in December 2021. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Order cycles–the requested time from order to delivery–decreased while supply cycles –the time to procure materials– increased. Shift in cycles.
The influential Chartered Association of Business Scholars has just published its Academic Journal Guide 2021. This is good news for both logistics and procurement scholars. My conclusion: The team behind the 2021 Academic Journal Guide appears to have listened to the harsh criticism from OSCM scholars.
Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. The conference is in Franklin, TN on September 7th-10th, 2021. S&OP becomes a Ferris Wheel of activity, creating a Deadpool of information.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. in October 2021*, the highest in more than three decades, as measured by the Consumer Price Index (CPI). View Webinar Replay. Impact from Covid-19 will be massive.
The company saved 700 man-hours annually on admin and increases its share of certified suppliers by 20% Madrid, 13th May 2025 JAGGAER bolsters the digitalisation of procurement processes at Cosentino, a Spanish family-owned company with an international presence and a world leader in the production of surfaces for architecture and design.
Procurement & Supply Chain Leaders. The post Amer 2021 – EN – Why appeared first on Ivalua. Who Should Attend? If you #LoveProcurement, you should be there! Learn best practices and gain inspirations on how you can build a competitive advantage. Finance Professionals.
Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Procurement: Purchase price variance and procurement cost. The Emergence of Logistics as Constraint. Over time, this changed.
8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Now is the time to digitalise procurement and use it as a growth driver.
The sixth assessment report by the Intergovernmental Panel on Climate Change (IPCC) published in August 2021 once again stressed the importance and urgency of decarbonising all sectors of the economy. Most of the shippers procure their transport through long-term contracts with selected carriers. Synopsis: GeTS Webinar 9th Sept 2021.
When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. As shown in Figure 1, the results for the period of 2012-2021 tell the story. Shown in Figure 2, we track the results for the period from 2006-to 2021.
Customer Polaris Named Supply & Demand Chain Executive’s 2021 Top Supply Chain Project with ToolsGroup JUNE 2021 – Supply & Demand Chain Executive, the only publication covering the entire global supply chain, selected Polaris to receive a “Top Supply Chain Projects Award for 2021” for its project with ToolsGroup.
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.
This is a significant shift from late 2021, when 93% faced serious disruptions. This ensured that today’s partial blockage of the Suez Canal, while disruptive, is still far less impactful than its far more meme-worthy 2021 relative in which the Evergiven blocked the canal.
8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Now is the time to digitalize procurement and use it as a growth driver.
Science writer John Schwartz ( @jswatz ) reports, “Federal scientists forecast that 2021 could see in the range of 13 to 20 named storms, six to 10 hurricanes, and three to five major hurricanes of Category 3 or higher in the Atlantic.”[1] Well-run disaster exercises also help prepare everyone involved to deal with the unexpected.
There are however many other companies that do not trade tangible goods across borders but may be able to benefit from provisions on services, investment and government procurement etc. Decisions are taken within organisations, for example, by a procurement team, that affect ongoing compliance with FTA rules.
Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. Procurement and other business users will be empowered to make more informed buying and planning decisions with the help of: .
Between the Carbon Border Adjustment Mechanism ( CBAM ) and the Corporate Sustainability Reporting Directive ( CSRD ), any large company that intends to conduct business in the European Union will be responsible for reporting on data that encapsulates environmental risk, procurement statistics, and supply chain impacts.
Bottom Line : In 2021 and beyond, customers are voting with their dollars for the manufacturers who excel at sustainable manufacturing and make a positive contribution to the environment, dominating B2B supply chains and B2C purchasing decisions. of all North American manufacturers have a sustainability policy in place, and 8.3%
The 2021 report marked the fifth time they have completed this study and released the results. Only after the contract has been signed does procurement start raising relevant questions around data. The post Is Your Procurement Data Fit for Purpose? This blog post was originally published at artofprocurement.com.
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