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• Vendor selection process is a critical part of any enterprise. Vendor selection helps organizations identify, select, and assess potential suppliers for products and services. • So, if you own or manage a company or an organization, the truth is that you’ll have to undergo a vendor selection process. • As a business owner, you’ll […]. The post The 5 Phases of the Vendor Selection Process appeared first on ProcurePort Blog.
We live in an age when our technology devices are so intuitive that any 3-year-old can download the apps for Pokémon, Lego Duplo World, or their favorite game in 30 seconds on an iPhone. As professionals, we often wish that the technology we use in our work lives was equally intuitive and user-friendly, especially since. Read more How to Make Technology a Friend, Not a Foe.
In business conversations, the term supply chain excellence rolls off the tongue frequently in meetings, but what does it mean? My insight? There is no standard answer. Excellence is actively sought but seldom defined for business teams. Most teams are on a journey without a clear compass. Supply chain excellence is harder to define than to say. To help, we analyze business results each year to understand which companies outperform on the balanced scorecard of growth, inventory turns, operating
Every business ? regardless of size, industry, or market ? can relate to the same challenge: customer frustration. It’s incredibly complicated to pinpoint when an order will ship and when it will arrive. Components and raw materials are still in short supply, logistics services remain delayed, and demand shifts and shocks are consistently unpredictable.
Abstract. Supply chain is easier to say than define. The Supply Chains To Admire report analyzed improvement, performance, and value for the years 2012-2021. Twenty-two companies outperform their peer group. Supply Chains to Admire 2022 – Report v4.0-web. Powered By EmbedPress.
Weber Logistics has promoted three key company leaders to vice president roles, strengthening the company's ability to help customers drive supply chain excellence in an increasingly complex marketplace. All will report to Weber EVP & CFO, Maggie Movius.
Weber Logistics has promoted three key company leaders to vice president roles, strengthening the company's ability to help customers drive supply chain excellence in an increasingly complex marketplace. All will report to Weber EVP & CFO, Maggie Movius.
By Alexandra Hughes (pictured). Industry Sales Manager, COPA-DATA UK. The post What other industries can learn from pharmaceutical manufacturing appeared first on IT Supply Chain.
Supply chain leaders have been hearing about – and suffering from – the bullwhip effect for quite a while now. What is it and what can we do to strengthen supplier relationships, improve demand and supply chain planning, and simplify supplier collaboration? What is the Bullwhip Effect? While it’s been around for decades, the bullwhip effect has reared its ugly head recently in response to the unprecedented impacts of the COVID-19 pandemic combined with existing weaknesses in the supply chain.
The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy. Companies with an efficient and effective supplier management process are much better placed to obtain goods and materials of higher quality and at lower cost,
Global Supply Chains Have Been Fundamentally Changing Since 2008. An interesting article in The Economist points out that while we think of the pandemic as having triggered sudden changes in global supply chains, many recent changes just represent an acceleration of trends that had been underway since the 2008 Great Recession. I had been aware of many of the changes in isolation, but framing them all together as part of a single phenomenon provides a fresh perspective.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
As part of Supply Chain Week 2022, Esther Chan, Senior Manager of Global SCM of Requis, led a lively panel discussion with end users and technology providers about digital supply chain management developments. Ms. Chan opened the session by asking the panel, “How are industry leaders approaching digital supply chain (SC) solutions?”. Nari Viswanathan, Senior Director of Product Segment Marketing of Coupa Software, stated, “There are more constraints and challenges affecting SC management.
The Texas based Austin American Statesman reported yesterday that Samsung is considering the construction of upwards of 11 new semiconductor fabrication production facilities in the Austin, Texas area over the next two decades. This report indicates that move would reportedly amount to a nearly $200 billion investment, according to documents filed with the State of Texas.
At first blush, many readers are probably asking the same question: what does the DOJ Antitrust Division have to do with supply chain management? [1]. I asked this question myself, when I engaged in a discussion with Devon Mahoney, (Technical Assistance Coordinator – International Section) and Chief Manish Kumar, San Francisco Office. I didn’t know a lot about what the Antitrust division within the Department of Justice does, nor how it works with supply chains, and this conversation definitel
The transportation and trucking industries are continuously evolving. According to the American Trucking Associations , “Trucks move roughly 72.5% of the nation’s freight by weight.” And that number is growing as e-commerce expands and more companies look to leverage ground versus air transportation to save on shipping spend. However, that complexity means an added degree of importance in all freight in accounting processes. .
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Even as 2022 crosses the halfway mark, the year still has a great deal of uncertainty. The years ahead are likely to be just as volatile and uncertain. Peak season logistics will be critical in local and global supply chain recovery. The post Peak Shipping Season: Planning for 4 Seasons of Peak appeared first on MercuryGate International.
When you partner with a fulfillment company, a great deal of work moves from your plate to their plate. You’ll want to understand fulfillment costs to assess the ROI of your relationship. In this blog post, we will examine pick and pack warehouse fees and give you a clear understanding of what these fees entail.
Artificial intelligence-based prescriptive analytics enable a network approach to planning in volatile times, says Joe Bellini, executive vice president of product management at OneNetwork.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
For many bulk shippers, partnering with a 3PL transportation provider can seem like an ‘all or nothing’ proposition in which the shipper’s freight is given either to a carrier(s) OR to a freight brokerage. However, such a strategy doesn’t reflect the current complexity of the market. In this article, we’ll explain how you can partner with a bulk freight brokerage to complement your existing carrier relationship/s.
On Transform It Forward , we’re often discussing emerging new technologies, exciting innovations, and the digital revolution. But no matter how advanced our technology becomes, there will always be a fundamental human need for powerful storytelling.
Supplier management might be the most important area that procurement leaders need to focus on in preparation for the next economic disruption, says Ryan Polk, director analyst, procurement advisory with Gartner.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
The newest perishable feature in HIMPACT® is a Lot Analysis tool. Lot Analysis predicts potential spoilage, tracks spoilage by the buyer, and uses that spoilage projection to optimize for today’s purchasing. For example, if you have 110 cases in the DC today, that doesn’t mean they will all be sellable before expiring. Lot Analysis helps you know that ahead of time so you can manage today’s orders more effectively and reduce both lost sales and excess inventory.
It was one of the very first international auto brands to enter China, widely recognized by consumers and understood by its owners to have huge potential. And yet, Jeep is shutting down its only plant in the world’s largest market.
Insights into Best Buy’s Growth Strategies With CEO, Corie Barry Best Buy observed a 33.2% growth in online sales for Q1, 2022 (2x growth, compared to 15% in Q1, 2020). Compared to 2021, the sales growth observed was 37.2%, with significant contributors being- home theater, computing, and appliances. Implementing a ship-from-store hub model to […].
Procurement is in the middle of a tech tsunami. And if it feels like the old playbooks aren’t working anymore, that’s because they aren’t. Agentic AI. Autonomous procurement. Unified source-to-pay ecosystems. These innovations are converging and transforming how procurement teams operate. The GEP 2025 Procurement & Supply Chain Tech Trends Report breaks it all down.
North Carolina has again been recognized as the “Best State for Business.” This time, by CNBC. And factors related to logistics in North Carolina are a big part of the reason. In this article, we’ll look at the CNBC recognition and explain why logisticians love to call the Tar Heel State home. CNBC Ranks North Carolina #1. North Carolina is no stranger to a number-one ranking.
QBO is an online accounting tool for small and middle businesses. It’s convenient and intuitive to use, and SMEs choose it to automate accounting processes and control company spending better. We at Precoro have introduced direct integration with QuickBooks Online. It allows businesses to reduce manual entries of Invoices and eliminate duplicated efforts, speed up Invoice processing, and minimize human errors.
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