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7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

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Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

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Exiger Has Taken the Supply Chain Risk Market by Storm

Logistics Viewpoints

Mr. Daniels reports they have 870 employees, so based on a market study recently completed by ARC, this claim is credible. The procurement department defines their appetite for risk and only suppliers that exceed a risk threshold score are displayed as companies they should not do business with.

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Warehouse Automation: Top Five Factors Impacting Adoption

Logistics Viewpoints

ARC Advisory Group’s Global Warehouse Automation Research study is now complete and available for purchase. The research process includes an analysis of large amounts of information and interviews with executives from numerous warehouse automation providers; and concludes with the publication of ARC’s research study.

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Maximize Ecommerce Supplier Relationships

Ship Monk

The fact is, most business owners think of procurement as nothing more than a transactional relationship. For example, evaluate processes including invoicing, payment, tech integrations, communications, timely approvals, and customer service responses. Establish KPIs that hold both your suppliers and your procurement team accountable.

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What Do You Mean By Supply Chain Visibility?

Logistics Viewpoints

ARC Advisory Group did a study on the supply chain collaboration network (SCCN) a couple of years ago. In that study, FourKites 2021 revenues were estimated to be $65 million. The CEO – Matt Elenjickal – told me that the company has roughly $100 million in revenue. That is fast growth. The network has grown in size.

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The 3 Pillars of Supply Chain Management (And Why Their Alignment Matters)

Logistics Bureau

For example: Alignment of strategy and cost leads to happy shareholders. As an example, let’s say that as a part of its customer service promise, your company guarantees its customers that they will receive their orders within 24 hours. Procurement costs. Why does the C-suite want the three pillars aligned?