It’s Not the Market, It’s Your Procurement with Andrew Haverkampf

The Logistics of Logistics

It’s Not the Market, It’s Your Procurement with Andrew Haverkampf. Andrew Haverkampf and Joe Lynch discuss it’s not the market, it’s your procurement. Key Takeaways: It’s Not the Market, It’s Your Procurement.

How Technology is Transforming Transportation Procurement

Talking Logistics

As shippers, carriers, and logistics service providers look for ways to innovate and eliminate waste and inefficiencies from transportation management, one area that is starting to get more attention is transportation procurement.

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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.

Procurement Collaboration for Business Integration

SIPMM Professional Publications

With collaborative procurement, we can find valuable partners within treasury, product development, legal, line-of-business, and suppliers, and extend the value of procurement beyond its four walls. Publication Procurement

The Digital Levers You Need to Achieve Sustainable Cost Reduction

For supply chain and procurement pros, cost reduction is is a top priority today. This timely new paper from GEP explores powerful and effective digital levers that can help you to slash costs and create more value for the business. Read it now.

[Video] How Technology Is Transforming Transportation Procurement

Talking Logistics

There is a general consensus among shippers, carriers, and logistics service providers that the time has come to transform the transportation procurement process.

Artificial Intelligence (AI) in Procurement for the Hotel Industry

SIPMM Professional Publications

The post Artificial Intelligence (AI) in Procurement for the Hotel Industry appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication ProcurementWith the 4.0 digital era industry now, digital and AI are interconnected.

Key Focus Areas for Expediting Procurement

SIPMM Professional Publications

The post Key Focus Areas for Expediting Procurement appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication ProcurementExpediting purchases in inbound logistics is normal but it is painful for many companies who use this approach.

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.

Methodologies for Construction Procurement

SIPMM Professional Publications

The procurement function in the construction industry has resisted change for many decades. The post Methodologies for Construction Procurement appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication Procurement

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.

Sustainable Procurement for Green Building

SIPMM Professional Publications

Having sustainable procurement in building industry as the acquisition of product or services which can minimize or provide positive environmental impact throughout the factoring of environmental concerns into major purchasing strategies, policies, directives and practices.

Cybersecurity Risk Mitigation for Digital Procurement

SIPMM Professional Publications

Modern procurement processes integrate several technologies to better process internal business operations. Organizations are rapidly using automated procurement management tools, whether using enterprise resource planning (ERP) or less advanced tools. Publication Procurement

Key Considerations for Sustainable Procurement

SIPMM Professional Publications

Sustainable procurement has been introduced to a public and private organization for decades and it has now become a “must have” key element to integrate in business strategy for company competitive advantages and sustainable development. The survey conducted by EcoVadis and HEC about the results attribute to Sustainable Procurement program showed 76% of the procurement […]. The post Key Considerations for Sustainable Procurement appeared first on SIPMM INSTITUTE.

AI Technologies for Digital Procurement

SIPMM Professional Publications

Rapid advancements in digital technologies nowadays and the application of these disruptive technologies in Procurement enables strategic sourcing become more predictive, transactional procurement become more automated, and supplier relationship management become more proactive.

GEP Outlook 2022

The GEP Outlook 2022 report explores global business trends and features seven critical leadership themes that will help you proactively prepare for and power through the challenges ahead.

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.

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.

Time to Transform Transportation Procurement?

Talking Logistics

Earlier this year, in a presentation at the Manhattan Momentum Connect conference, Dr. Chris Caplice from MIT argued that “the dominant design in transportation procurement is now outdated and it’s time to transform the process.” Read more Time to Transform Transportation Procurement?

Key Technologies for Agile Procurement

SIPMM Professional Publications

Agile Procurement is to purchase a solution according to the needs and wants of the customer (made changes throughout the process) instead of following on a product specification being established in the beginning of a project. Publication Procurement

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.

Procurement Techniques for Metallurgical Products

SIPMM Professional Publications

One of the important processes in the manufacturing plant is procurement which is also a control mechanism of the flow of materials into the from the vendor or supplier. Publication Procurement

Key Success Factors for Sustainable Procurement

SIPMM Professional Publications

Social and environmental factors are top priorities to be embedded into procurement and buying functions, to create a sustainable procurement strategy. The procurement strategy will strengthen partnership and facilitate smooth integration. Publication Procurement

A Strategic Roadmap for Digital Procurement

SIPMM Professional Publications

Procurement is a purchasing process that controls quantity, quality, sourcing and timing to ensure the best possible total cost of ownership. Digital technologies are enablers and supporting procurement in this direction. […]. Publication Procurement

Key Drivers for Social Sustainable Procurement

SIPMM Professional Publications

The key drivers of sustainable procurement were found to be, social and environmental factors into thought along with financial factors in making procurement decision. Publication 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.

Major Pitfalls for Effective Procurement Practices

SIPMM Professional Publications

Successful procurement strategy benefits are usually derived from adequate and efficient procurement procedures that achieve cost optimizing that meet user requirement. The post Major Pitfalls for Effective Procurement Practices appeared first on SIPMM INSTITUTE.

Crucial Factors for Sustainable Procurement

SIPMM Professional Publications

The objectives of the organization must be aligned such that all functions, including procurement and supply chain can work towards the same goals of corporate sustainability and not struggle with each other. Publication Procurement

Problems and Consequences of Poor Procurement

SIPMM Professional Publications

Supply risk has always been a major challenge in the procurement practice since centuries ago. The post Problems and Consequences of Poor Procurement appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication Procurement

Debunking procurement transformation myths

Fleet Owner

There has been a great deal of talk about “procurement transformation” and not all of it has been good. Misconceptions, misperception and misinformation about procurement transformation abound.

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.

Crucial Applications for Procurement Artificial Intelligence

SIPMM Professional Publications

The post Crucial Applications for Procurement Artificial Intelligence appeared first on SIPMM INSTITUTE. Publication ProcurementArtificial Intelligence (AI) is one of the digital technologies progressing rapidly and is a current topic of broad interest.

Digital Procurement for Supplier Compliance Risk Evaluation

SIPMM Professional Publications

Digital technologies for procurement are advancing by leaps and bounds in the age of digitalisation. The post Digital Procurement for Supplier Compliance Risk Evaluation appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication Procurement

Digital Procurement for Ship Supplies Operations

SIPMM Professional Publications

Ship management procurement prospect has changed effectively. Procurement costs can be substantial owing to the size of the business itself. The post Digital Procurement for Ship Supplies Operations appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management.

A Strategic Approach to Direct Procurement

Talking Logistics

Direct procurement departments — those responsible for purchasing materials and components for end products — are tasked with more responsibilities than ever. Read more A Strategic Approach to Direct Procurement.

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.