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Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Brad brings it all to the table from characterizing Emerge’s brand and culture, presenting Emerge’s value proposition to the industry, and determining pivotal insights to enhance customer experience.
In 2017, a strategy consultant was hired to do a top-to-bottom assessment of the Boston University procurement program. Randall Moore was hired as the new chief procurement officer in May. Facilities sourcing and construction contracting were centralized in the procurement department. They recommended a change in leadership.
Procurement became a logical place for leading healthcare systems to focus. As vice president of supply chain and procurement, Mr. Wengert was brought in to drive change. Hospital chains’ approach to procurement lagged far behind the practices employed by manufacturers, retailers, and distributors. “We
DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. This segment is in the growth stage of its evolution, serving large enterprise brands and their Logistics, Procurement and Supply Chain teams.
Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends?
Procurement fraud is a growing global problem. It presents a particularly high profile and negative impact on the construction industry. Procurement fraud relates to purchasing goods, services or commissioning construction projects from third parties. From award to execution, employees and external parties […].
Cyber Security is a real & ever-present concern for any organization. The post Six Crucial Factors on Cyber Security for Healthcare Procurement appeared first on SIPMM ACADEMY. The post Six Crucial Factors on Cyber Security for Healthcare Procurement appeared first on SIPMM ACADEMY.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
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.” I encourage you to read my brief summary of his presentation for more details, but here’s a key quote from.
Expertise in operations, LTL pricing and procurement, flatbed operations, dry van, tracking and tracing, reality tv shows and how to turn a stranger into your new best friend. FreightWaves TV and podcasts are informed by FreightWaves’ freight data analytics and presented in interesting and engaging shows. Mary on LinkedIn.
Each presentation was exceptional, and the event viewed ESG from a holistic but pragmatic perspective. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
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.". This dispute presents a classic Battle of the Forms example. Battle of the Forms: Will You Win, Lose or Draw?
Indeed, the transition has taken place so swiftly that some companies may still need to fully grasp the present or future possibilities to exploit distribution performance as a competitive advantage. I guess that’s why we called it route planning and not route optimisation.” Book Now Do you have route optimisation challenges to overcome?
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. The global supply chain creates many challenges and opportunities in procurement.
Automotive distributors play a vital role in the automotive supply chain by procuring parts, warehousing them, and then supplying them to OEMs (original equipment manufacturer), retailers or end consumers. Supply chain management The international sourcing of automotive components is now a common practice but it can still present challenges.
Author’s note: Last month, I participated in a webinar hosted by Kuebix titled, “Beyond The Routing Guide: Innovating Transportation Procurement for the Digital Age.” The following is a brief excerpt of my presentation. When I was thinking about what to title this presentation, ”Beyond the Routing Guide” popped into my head.
Now more than ever, organizations must prepare their supply chain for the present and the unknown challenges and opportunities in the future. Doing so helps organizations detect market shifts and makes supply chain decisions more forward-looking than an analysis of the past, present, and at best, a tactical view of the future.
Software company Setlog will present its enhanced SCM software OSCA at the LogiMAT intralogistics trade fair in Stuttgart (31st May – 2nd June). The post Setlog presents OSCA software at LogiMAT appeared first on Logistics Business® Magazine.
Procurement management stands at the crossroads of technological innovation and strategic decision-making. As organizations strive to enhance operational efficiency, mitigate risks, and capitalize on emerging opportunities, the role of Artificial Intelligence (AI) and Machine Learning (ML) in procurement has become increasingly prominent.
This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. She knew the company was innovative; after all, Coupa created a new software enterprise category: business spend management. What an opportunity!”
Standardizing materials across multiple products can enable greater flexibility in supplier selection and procurement. But the increasing complexity presents opportunities for companies to drive innovation and resilience.
Not only is it presenting significant issues for warehouses and those working in them but also the ability for companies to utilize their supplies. This is only being exacerbated by the growing demand for delivery by customers as so many of them are limited to their homes at present. Contact Your Procurement Team.
in turn, is a boutique procurement consultancy. The main take aways from the presentation earlier this year were the following: The auto industry has made supply chain risk management a priority since the Fukushima nuclear disaster in 2011. This intermediate step is more related to Procurement and supply chain transparency.
FDAs Drug Supply Chain Security Act (DSCSA) and global standards like ISO 20400 for sustainable procurement are driving companies to adopt blockchain for improved compliance and accountability.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Lacking data promotes trouble in annual contract capacity procurement during times of volatility. Together, it promotes continued route optimization and use of strategic transportation procurement practices.
I was excited to place the order right away so my present would arrive in time for Father’s day. Promotion-sensitive demand forecasts at the granular level are then used to adjust inventory targets and drive additional replenishment and procurement decisions. To my delight, I found one that was on promotion.
Reduced margins, unnecessary costs, frustrated suppliers and customers, delayed deliveries, and unclear processes are just some of the potential consequences when procurement, finance, and supply chain organizations lack cohesive, collaborative teams, consistent processes, and effective technology.
It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Typically, we make it at least one month into the new year before we have to revise our plans.
This is both limited and costly: It could involve a procurement company, which a freight broker or 3PL may actually compete with. Challenges with current solutions: Outsourcing accounts payable to a third-party provider.
Airlines have seen a potential 25% increase in revenue from improved capacity procurement and a 15% increase when selling capacity. As an exec in the logistics technology industry, this evolution presents an exciting array of opportunities. The tangible impact of this digitization on revenue is noteworthy.
I’ve addressed that question in previous posts and episodes (see links below), but it all boils down to this, which a logistics executive said in a presentation on Vested many years ago: “Have the courage to manage for the long term against the pressures we face today for instant results.”. Leading Practices in Transportation Procurement.
The award was presented to Trinity Logistics during BlueTriton’s Annual Carrier Meeting, which saw the attendance of over 150 carrier and 3PL companies. Trinity Logistics, a leading third-party logistics provider (3PL), is proud to announce that it has been honored with the prestigious “Fiercely Good Award” by BlueTriton Brands Inc.,
These ethical concerns are filtering into the business supply chain and, in turn, Procurement – on the frontline of purchasing goods and services – will be vital in driving ethical change. The post Procurement Transparency: The challenge of Aligning Supply Chain to Values appeared first on Logistics Business® Magazine.
These ethical concerns are filtering into the business supply chain and, in turn, Procurement – on the frontline of purchasing goods and services – will be vital in driving ethical change. The post Procurement Transparency: The challenge of Aligning Supply Chain to Values appeared first on Logistics Business® Magazine.
Inventory management is the practice of having the right amount of inventory available to meet demand, both in the present and what’s expected in the future. In industries like food and beverage, procurement must factor in shelf life and regulatory compliance, which adds more complexity.
It requires continuous review and ongoing education, but presents the opportunity for big gains. With it, a business gets a unified view of inventory, presented in real time. The need for inventory management and optimization. This detailed real-time data is essential for effective customer service and profitable management.
But, as Abigail Myers-Antiaye – the principal product compliance manager at Coupa – pointed out in a presentation at Coupa Inspire at the beginning of the month, supply chain practitioners have never seen compliance legislation that was so broad and impactful.
Outdated Systems and Platforms Can Affect Trucking Capacity Procurement. Without automation and mobilization, capacity procurement will continue to be an issue for logistics managers for some time. . It can present a challenge for managers to find carriers and the capacity to keep things moving forward.
Achieving this environmental mandate presents an opportunity for manufacturers in Australia and beyond to increase their innovation, competitiveness, and resilience. The traditional way toward a more sustainable supply chain has been through procurement. The pressure to confront climate change. Focus on logistics.
Is the data presented as useful to make better business decisions or improve business practices? They should offer controlled and accurate data that is presented in a manner that speaks specifically to your organization’s objectives and initiatives, producing KPIs specific to departments responsible for their consideration.
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. The post ISM 2018: The digitization of procurement appeared first on 247 Customs Broker. jberman@peerlessmedia.com.
Procurement managers are now asked to address ESG issues in their sourcing and foreign manufacturing operations. Meanwhile, trade compliance managers are tasked with ensuring that the procurement department is following the rules. This article will focus on European Union trade regulations because the EU leads in this area.
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