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Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

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FedEx Partners for Visibility, New CEO Focuses on Quality

Intelligent Audit

“Large shippers and logistics providers can use the tool to track orders, manage delivery providers and find alternate routes in the case of weather delays or other disruptions,” FourKites CEO Matt Elenjickal wrote in an email to Supply Chain Dive. Supply Chain Dive reported that the company’s buying binge has not been exclusive to the U.S.,

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Bullwhip Effect in the Supply Chain: Examples, Causes, Solutions

Unleashed

Price fluctuations from sales and discounting: Any business in a supply chain that offers discounts, deals, or bulk pricing can affect typical demand and induce customers to change buying patterns or purchase more than they need. Demand forecasting software like Unleashed can improve supplier collaboration and reduce the bullwhip effect.

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Insights from Elemica reveal 2014 Frankfurt

Talking Logistics

The German team overcame disappointments in 2006 and 2010 to win the World Cup this year, while favorites Spain (the defending champion) and Brazil (the host country) were humbled by the competition. BASF’s goals included: Automating the end-to-end Purchase-to-Pay process from purchase requisition to invoice.

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The Impending Ocean Carrier War on Last Mile Fulfillment

Freightos

More on Maersk’s transition to an end-to-end provider can be found in this 2020 report. On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases. What’s next.

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Managing Outsourcing Risk: A New Framework for Banking and Beyond

Jaggaer

In recent years there has been an increase in the outsourcing of services by banks in order to reduce costs and improve their efficiency and flexibility. Outsourcing makes it possible to take advantage of economies of scale and is a form of easy access to new technologies and to tools and services not available in the institution itself.

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How Electra Implemented Precoro Soon After Establishment and Grew Ever Since

Precoro

Now Electra has offices in France, Belgium, and Italy, with Spain and Switzerland marking the next destinations on their expansion roadmap. Rémi Lelarge, the Head of Procurement and Logistics at Electra, shared their story of building a comprehensive procurement process with Precoro.