INDUSTRY INSIGHTS YOUR PEERS ARE READING
Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn. MORE
Stefan Sommer is moving to Volkswagen Group at the beginning of next year as head of procurement. In his new role Sommer will oversee both the Procurement and Components divisions at VW, which were combined in a restructuring earlier this year. MORE
That was driven home yesterday morning at the first session I planned on attending on Artificial Intelligence in procurement. Most of us aren’t at the stage of applying them to our procurement organizations. MORE
Ivalua has introduced innovations in direct materials sourcing and procurement as part of its Platform Release 160 MORE
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The post Essential Strategies for a Successful Procurement Negotiation appeared first on SIPMM ACADEMY. Publication ProcurementThe importance of negotiation in business deals cannot be understated. MORE
at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Saving money on less-than-truckload or LTL procurement is a laudable goal, except when operational problems eclipse savings gains. Logistics LTL ltl procurement MORE
As a shipper, it can be hard to procure full truckloads, and small and mid-sized shippers suffer from an exacerbated version of this problem. Shippers face tightening capacity, higher rates, and demanding consumers, and procuring a full truckload may be the last thing on their minds. In reality, procuring a full truckload as a small or mid-sized shipper comes with unique challenges. Full Truckload Procurement MORE
As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. MORE
Procurement professionals have been upping their game in recent years. Those skills are going to come in handy in the years to come MORE
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At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. The Future of Procurement is Driven by Technology. Enter The Future of Procurement , an Oxford Economics study. MORE
These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7. MORE
From limited visibility beyond their tier-one suppliers to teams that don't have the capabilities to deliver on the strategy, procurement officers have their work cut out for them. There’s no doubt that digital is a game-changer in procurement," said Michael Daher, U.S. MORE
The post Six Crucial Factors on Cyber Security for Healthcare Procurement appeared first on SIPMM ACADEMY. Publication ProcurementCyber Security is a real & ever-present concern for any organization. MORE
Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. Procurement MORE
As competition intensifies in the construction market, procurement department plays a critical role in the construction industry, as it has to manage the project execution and closure in time. Publication Procurement MORE
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? MORE
How should shippers and carriers approach freight procurement in the weeks and months ahead? How are advancements in transportation management systems (TMS) and other technologies helping shippers and carriers procure freight more intelligently and efficiently? MORE
However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. Cloud-based systems offer many benefits throughout the procurement supply chain, reports Procurious HQ. MORE
Companies are increasingly placing more emphasis on sustainability procurement. A global study conducted by EcoVadis revealed that 97% of 120 supply chain professionals are placing a higher level of importance on sustainable procurement than before. Sustainable procurement is […]. MORE
Tyre manufacturer Bridgestone has introduced a global sustainable procurement policy to ensure compliance with environmental laws and regulations, respect for human rights and other considerations. MORE
As the dust has settled in Q1 of this year, many shippers have now gone out to bid through procurement processes. Within 30 days of a procurement event in Q1, they had already reduced their use of the spot market to 3.6 Procurement’s Not the Only Answer. Tim cautioned that securing rates and capacity through the procurement process is not the only way to reduce freight spend. The post Transportation Procurement: Still Standing on the Sidelines? MORE
Titled, “Rough seas ahead for procurement,” the paper notes that traditional business models of many industries are being disrupted by technological innovation, putting a cap on the ability to pass price increases on to consumers A new research paper by AlixPartners on “sourcing and purchasing transformation,” reveals that supply chain managers may face fresh challenges in the coming months. MORE
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. MORE
Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. What Is Procurement Management? MORE
A procurement contract is a document detailing the legally-binding agreement between a company (the buyer) and supplier who is promising to sell of products and/or services with detailed technical specifications and to fulfill the terms and conditions outlined in the agreement. MORE
Automating the back office operations not only eliminates paper and manual processes, but it also brings structure to the process and the people involved in your business MORE
The post Six Key Strategies to Avoid Procurement Fraud appeared first on SIPMM ACADEMY. Publication ProcurementOne of the significant problems faced by organizations and stores of all kinds and sizes is business fraud. MORE
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. Ethical Procurement: Some Scenarios to Consider. MORE
Ocean Freight Procurement Is Ocean Freight Procurement keeping you up at night? Improve your ocean freight negotiations! We show you how: Attend this week’s webinars of our stellar cloud platform MORE
Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source which ensures that buyer receives goods, services at the best possible price, when aspects such as quality, quantity, time, and location are compared. Publication Procurement MORE
Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. Procurement MORE
My personal theme for this year’s conference is Why procurement matters! It was the headline on our annual procurement issue, which we published in March, and I hope by the exclamation point, rather than a question mark, you get the sense that I really believe procurement matters, and more than ever. That was driven home yesterday by Dan Bartel, the Swtizerland-based chief procurement officer of ABB. ISM 2018 got underway in Nashville yesterday, May 6. MORE
Stefan Sommer is moving to Volkswagen Group at the beginning of next year as head of procurement. In his new role Sommer will oversee both the Procurement and Components divisions at VW, which were combined in a restructuring earlier this year. MORE
Global tire maker expects its suppliers and partners to help it pursue collaborative and “never-ending” sustainable supply chains practices MORE
NextGen supply chain technologies were front and center at ISM MORE
Procurement Related Topics SIPMM Professional Publications
JANUARY 13, 2019
As competition intensifies in the construction market, procurement department plays a critical role in the construction industry, as it has to manage the project execution and closure in time. Publication Procurement
SIPMM Professional Publications
JANUARY 15, 2019
The post Six Crucial Factors on Cyber Security for Healthcare Procurement appeared first on SIPMM ACADEMY. Publication ProcurementCyber Security is a real & ever-present concern for any organization.
SIPMM Professional Publications
JANUARY 11, 2019
A procurement contract is a document detailing the legally-binding agreement between a company (the buyer) and supplier who is promising to sell of products and/or services with detailed technical specifications and to fulfill the terms and conditions outlined in the agreement.
Talking Logistics
OCTOBER 12, 2017
How should shippers and carriers approach freight procurement in the weeks and months ahead? How are advancements in transportation management systems (TMS) and other technologies helping shippers and carriers procure freight more intelligently and efficiently?
Speaker: Adam Robinson, Director of Marketing, Cerasis
We’ll address how automation in the supply chain will provide employees with the following: More Strategic Procurement.
SIPMM Professional Publications
OCTOBER 14, 2018
Companies are increasingly placing more emphasis on sustainability procurement. A global study conducted by EcoVadis revealed that 97% of 120 supply chain professionals are placing a higher level of importance on sustainable procurement than before. Sustainable procurement is […].
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SIPMM Professional Publications
OCTOBER 15, 2018
The post Essential Strategies for a Successful Procurement Negotiation appeared first on SIPMM ACADEMY. Publication ProcurementThe importance of negotiation in business deals cannot be understated.
SIPMM Professional Publications
OCTOBER 10, 2018
The post Six Key Strategies to Avoid Procurement Fraud appeared first on SIPMM ACADEMY. Publication ProcurementOne of the significant problems faced by organizations and stores of all kinds and sizes is business fraud.
Material Handling and Logistics
OCTOBER 30, 2018
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.
Cerasis
SEPTEMBER 22, 2016
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?
Talking Logistics
APRIL 2, 2018
As the dust has settled in Q1 of this year, many shippers have now gone out to bid through procurement processes. Within 30 days of a procurement event in Q1, they had already reduced their use of the spot market to 3.6 Procurement’s Not the Only Answer. Tim cautioned that securing rates and capacity through the procurement process is not the only way to reduce freight spend. The post Transportation Procurement: Still Standing on the Sidelines?
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Cerasis
SEPTEMBER 17, 2015
At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. The Future of Procurement is Driven by Technology. Enter The Future of Procurement , an Oxford Economics study.
Material Handling and Logistics
MARCH 9, 2018
From limited visibility beyond their tier-one suppliers to teams that don't have the capabilities to deliver on the strategy, procurement officers have their work cut out for them. There’s no doubt that digital is a game-changer in procurement," said Michael Daher, U.S.
Logistics Bureau
NOVEMBER 14, 2018
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. Ethical Procurement: Some Scenarios to Consider.
Material Handling and Logistics
SEPTEMBER 24, 2018
Ivalua has introduced innovations in direct materials sourcing and procurement as part of its Platform Release 160
Cerasis
SEPTEMBER 14, 2016
However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. Cloud-based systems offer many benefits throughout the procurement supply chain, reports Procurious HQ.
Fleet Owner
OCTOBER 4, 2018
Automating the back office operations not only eliminates paper and manual processes, but it also brings structure to the process and the people involved in your business
Cerasis
FEBRUARY 19, 2016
As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work.
Cerasis
FEBRUARY 27, 2018
Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.
Cerasis
APRIL 5, 2018
As a shipper, it can be hard to procure full truckloads, and small and mid-sized shippers suffer from an exacerbated version of this problem. Shippers face tightening capacity, higher rates, and demanding consumers, and procuring a full truckload may be the last thing on their minds. In reality, procuring a full truckload as a small or mid-sized shipper comes with unique challenges. Full Truckload Procurement
Cerasis
JUNE 19, 2018
These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7.
Logistics Management
MAY 8, 2018
Procurement professionals have been upping their game in recent years. Those skills are going to come in handy in the years to come
Cerasis
NOVEMBER 29, 2016
Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. Procurement
Automotive Logistics
FEBRUARY 7, 2018
Tyre manufacturer Bridgestone has introduced a global sustainable procurement policy to ensure compliance with environmental laws and regulations, respect for human rights and other considerations.
Automotive Logistics
JULY 10, 2018
Stefan Sommer is moving to Volkswagen Group at the beginning of next year as head of procurement. In his new role Sommer will oversee both the Procurement and Components divisions at VW, which were combined in a restructuring earlier this year.
Automotive Logistics
JULY 10, 2018
Stefan Sommer is moving to Volkswagen Group at the beginning of next year as head of procurement. In his new role Sommer will oversee both the Procurement and Components divisions at VW, which were combined in a restructuring earlier this year.
Cerasis
NOVEMBER 28, 2016
Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. Procurement
Cerasis
SEPTEMBER 12, 2016
Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. What Is Procurement Management?
Logistics Management
JUNE 13, 2018
Titled, “Rough seas ahead for procurement,” the paper notes that traditional business models of many industries are being disrupted by technological innovation, putting a cap on the ability to pass price increases on to consumers A new research paper by AlixPartners on “sourcing and purchasing transformation,” reveals that supply chain managers may face fresh challenges in the coming months.
Cerasis
OCTOBER 16, 2015
at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Saving money on less-than-truckload or LTL procurement is a laudable goal, except when operational problems eclipse savings gains. Logistics LTL ltl procurement
Logistics Portal
NOVEMBER 14, 2017
Ocean Freight Procurement Is Ocean Freight Procurement keeping you up at night? Improve your ocean freight negotiations! We show you how: Attend this week’s webinars of our stellar cloud platform
Logistics Management
MAY 11, 2018
NextGen supply chain technologies were front and center at ISM
Fleet Owner
FEBRUARY 6, 2018
Global tire maker expects its suppliers and partners to help it pursue collaborative and “never-ending” sustainable supply chains practices
247 Customs Broker
MAY 11, 2018
That was driven home yesterday morning at the first session I planned on attending on Artificial Intelligence in procurement. Most of us aren’t at the stage of applying them to our procurement organizations.
247 Customs Broker
MAY 8, 2018
My personal theme for this year’s conference is Why procurement matters! It was the headline on our annual procurement issue, which we published in March, and I hope by the exclamation point, rather than a question mark, you get the sense that I really believe procurement matters, and more than ever. That was driven home yesterday by Dan Bartel, the Swtizerland-based chief procurement officer of ABB. ISM 2018 got underway in Nashville yesterday, May 6.
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