Supply meets demand: New sourcing automation solution targets ocean freight procurement

Manufacturing & Logistics IT

Global provider of Intelligent Sourcing Automation, Keelvar, has launched its new AI-powered ocean freight sourcing automation solution

Know Your Supply Chain KPIs – Procurement

Logistics Bureau

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. 7 Procurement KPIs You Should be Using. Other Supply Chain KPIs Procurement Teams Should Track.

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PROCUREMENT TRENDS 2021

Eyvo

What awaits the procurement industry in 2021? It goes without saying that procurement will have a different and more refined approach in the coming year. While countries are slightly opening their doors, it is crucial that procurement makes changes that prepare them for what is coming.

Procurement’s Critical Role in Boosting Supply Chain Resilience

ivalua

The post Procurement’s Critical Role in Boosting Supply Chain Resilience appeared first on Ivalua

A 5-Point Strategy for Digital Procurement Transformation

Today, your entire supply chain must embrace change and accelerate digitalization. When it comes to procurement, focusing on digital transformation now can dramatically reduce costs, improve visibility and insight, and give you a significant competitive advantage.

Optimizing Direct Procurement and the Inbound Supply Chain

The Network Effect

The post Optimizing Direct Procurement and the Inbound Supply Chain appeared first on The Network Effect. Inbound Supply Supply Chain Management inbound logistics inbound supply procurement

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. e-Procurement

Top 16 Procurement KPIs – The Ultimate Guide

SCMDOJO

Nowadays, no one could deny that, businesses today expect procurement teams to drive value beyond cost savings. As a consequence, procurement leaders are constantly looking for ways in order to enhance their procurement process and make it more sustainable. Procurement.

A Quick Guide to Roles in Procurement

Logistics Bureau

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division.

The Future of Procurement for Pharma Operations

ProcurePort

The future of procurement for pharma operations is a much talked about subject because of the prevailing coronavirus pandemic. Disruptions in global pharma operations, supply chain shocks, and subsequent supplier management problems demonstrated the need to rethink pharma procurement.

Is Digital Procurement Transformation Delivering on the Promise?

Is your digital transformation working, or is it still a work in progress? Download this report, from a GEP-sponsored survey from ISM, to check your performance and see how your peers are reaching their transformation goals.

Transportation Procurement: Finding an Alternative

Talking Logistics

Many companies are getting ready for (or perhaps have already completed) their annual transportation procurement engagement. But has the time come to transform the transportation procurement process? Read more Transportation Procurement: Finding an Alternative.

Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. Getting a Job in Procurement.

Artificial intelligence for sales and procurement planning: fundamental success criteria

All Things Supply Chain

I am often asked whether Artificial Intelligence can help to achieve better sales forecasts and procurement planning.

The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Procurement is Stuck in Spreadsheets. Subscribe Here!

The Five Worst Practices in Procurement

The GEP white paper lists 5 common mistakes that impede the success of procurement professionals. Learn from industry veteran Bill Huber about the wrong and right ways to approach a procurement mandate and why just saving money isn’t enough. Download this report now to learn how to avoid the worst procurement practices.

MANAGING RISK IN PROCUREMENT EFFECTIVELY

Eyvo

How to effectively manage risk in procurement? Risk management in procurement. However, in procurement, the last thing you want is a risk. That’s why managing risk in procurement is essential. Manual handling of procurement processes. E-Procurement Software

Freight Procurement in a Pandemic: Preparing for the Bid

CHAINalytics

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.

Solving The Procurement Data Dilemma

HICX Solutions

For this research report, Raconteur, partnering with HICX, focused on speaking to senior procurement professionals at leading multinational companies. Whitepapers Solving the Procurement Data Dilemma

In Search of Procurement’s North Star!

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement’s North Star article and permission to publish here provided by Sam Jenks. What exactly are you and your procurement team working towards? What is Procurement’s North Star Metric? Subscribe Here!

Procurement: 5 Tips to Deliver Value Beyond Savings

Now is the time for procurement teams to redefine themselves – from buyers to strategic partners across the supply chain. Take the first step today. Discover five tips for delivering procurement value beyond savings.

Why Supply Chain Managers & Procurement Should Collaborate

GlobalTranz

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement?

Top Tactics to Advance your Procurement Career in your Current Company

All Things Supply Chain

Ever wondered how exactly to advance your career within procurement and get promotions? Here are… General Procurement Management procurement procurement management procurement planning supply chain supply chain procurement

Five ways to boost sustainable procurement practices

IT Supply Chain

The post Five ways to boost sustainable procurement practices appeared first on IT Supply Chain. By Per Åkerberg (pictured). CEO of Medius. Industry Talk

Simplifying Sustainability for Procurement

SupplyShift

In the wake of the COVID-19 pandemic and mass shortages of basic goods like toilet paper, the world is realizing the pivotal role that procurement plays in the everyday running of businesses and global commerce. Sustainable procurement is arguably one of the most important agendas of the day.

The Pandemic Crisis Management Handbook for Procurement Managers

The COVID-19 pandemic has left a huge negative impact on the global economy. At these uncertain times, the c-suite alone cannot prepare an organization for this pandemic, there is much that procurement leaders can do to lessen the impact. The goal of this ebook is to give procurement leaders a sense of why it is time for them to step up and lead, how to turn their challenges into opportunities, tasks they can perform to tackle this pandemic, and tools they can use to collaborate better and enhance spend visibility.

Delivering efficiency and performance with digital procurement software

Eyvo

Managing procurement processes and supply chains can be strenuous for many organizations. Resilient supply chains and efficient eProcurement software are what make the recent trends in procurement complete. Why choosing the right digital procurement software is crucial?

The Science and the Art of Procurement

ivalua

As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Much of our focus in the last twenty years or so within the procurement profession and within our specific procurement functions has been on what we might call the “Science of Procurement”. Author: Peter Smith , Managing Director at Procurement Excellence Ltd.

Establishing Procurement as a Competitive Advantage

ivalua

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Procurement was tasked with supporting a board level initiative to accelerate innovation and increase margins. The same applies to Procurement.

Understanding the Impact of Good Financial Management for Procurement

Procurement Academy

The key to successful procurement operations is having superb financial management. Indeed, spending is the primary action in procurement, and a misalignment in your finances can easily impact your procurement plans and disrupt your access to the supply chain.

8 Reasons Why Your Supply Chain Needs a Low-Code/No-Code Digital Platform

Low-code/no-code is a powerful innovation in software development that’s already redefining what’s possible with digital supply chain and procurement platforms. Read this whitepaper from TechTarget and GEP to see how it can benefit your enterprise.

Procurement 2020… Will anything change?

All Things Supply Chain

It seems as though procurement has been anticipating the arrival of 2020 since the minute the ‘Y2K’ buzz wore off. Predictions and research, webinars and report titles… ‘Procurement 2020’ has… General Procurement Management Supply Chain Management procurement

Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Procurement Supply Chain Planning

Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

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.

Procurement Digital Transformation Sets the Stage for Delivering Game-Changing Benefits for Ahlsell

ivalua

Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. One of the early objectives of Procurement was to optimize tail supplier management. Provide a consumer-like experience for procurement stakeholders.

Supply Chain 4.0: Why You Need to Digitize to Survive

Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines

In Digitize to Survive, we’ll be showing how you can leverage today’s tech to help meet organizational objectives and not only survive but thrive in a post-pandemic world. With all the new tech available on the market, setting a digitization roadmap and knowing where to start can be difficult. We’ll help you drudge through the boundless opportunities and help clarify all the buzz. During this webinar, we’ll discuss how to take an objectives-first approach and demystify some of today’s hottest tech such as IoT, AI, and Big Data and show you how they can help build resiliency, unearth competitive advantages and optimize bottom-line results.