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Sourcing Solutions
Procurement is Changing for the Better
While procurement has an important responsibility to be a good steward of an organization’s financial resources, a greater focus on resiliency and continuity of supply is vital.
Carbon Footprint
Concrete Strategies for Enterprises to Hit Supply Chain Sustainability Goals
Financial Management Software
Integrating Fintech with Procurement Technology to Optimize Spend
Project Management Software
5 Ways Logistics Organizations Can Optimize Contracting
Financial Management Software
Sample-Size Fintech: One Size Doesn’t Fit All
Financial Management Software
Buy Now, Pay Later Program to Defer FX Payments for 30 Days, No Cost
Recommended
Professional Development
Women in Supply Chain: What They're Doing Matters to the Future of Supply Chains
This year's award took in over 400 submissions, the highest amount of applications for this award. This is because what these winners are doing matters to the future of supply chains.
Warehousing
#BetterTogether. Women in Supply Chain Forum Promotes Collaboration in Logistics
The Women in Supply Chain Forum is the industry’s premier networking and educational forum tailored to men and women in executive-level positions to expand their professional network through thought-provoking discussion panels.
Sourcing & Procurement
SCN Summit: Future of the Supply Chain Opens Registration
Registration is open for SCN Summit: Future of the Supply Chain, the premier virtual event aimed at educating logistics professionals on critical issues impacting the supply chain industry.
Latest
Manufacturing
Architecting a Manufacturing Framework for the Future
To truly assess what's next for the manufacturing industry, you have to look at the evolving landscape in the marketplace and how companies are adjusting.
Financial Management Software
Tradeshift, HSBC Joint Venture to Launch Financial Services App
Tradeshift and HSBC announced plans to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps.
Software Solutions
Overall Spend on Supply Chain Software Increased 25% Over Past 12 Months
The most significant increase in software spend is in the finance department, with a year-on-year (YoY) change of 105%. In contrast, the product and operations departments witnessed a downturn in software expenditure.
Procurement Software
3 Ways Procurement Teams Help Organizations Combat Inflation
Procurement teams often get stuck engaging with vendors and chasing documents. The real game-changer comes when companies pause and establish new processes that positively impact the company’s bottom line in the long run.
Procurement Software
86% of Suppliers Believe Customers Will Maintain Purchasing Volumes Through 2023
Of the business challenges specified, suppliers said cost-cutting and negative impacts to cash flow is their biggest challenge in 2023 (26.1% and 26.5% respectively).
Financial Management Software
Dynamic Discounting Solution to Optimize Supply Chain Performance
This solution enables organizations to capture early payment discounts while providing their suppliers with faster access to working capital.
Financial Management Software
Indirect Spending to Improve Bottom Line
CFOs and other finance leaders have not been able to streamline their indirect spend even though they know exposing it to fair, transparent, competitive processes will yield an opportunity to reduce this expenditure significantly.
ERP
5 Functions in ERP for Business Growth
Tech has evolved to support the future of the supply chain industry and is helping the industry to become more agile, responsive and efficient for growth. Here are 5 critical functions in every supply chain ERP for growth.
Manufacturing
U.S. Government is Looking to Bring Biotech Manufacturing Back Home
While the industry is moving towards nearshoring and friendshoring, long-term actions will be defined by an organization’s existing product supply chain, talent availability, customer needs and regional regulatory conditions.
Manufacturing
Top 3 Considerations for EU Pharmaceutical Cannabinoid Manufacturing
This exciting industry is poised for continued growth over the coming years, so with careful planning to ensure effective procurement, it will provide an incredible opportunity for new and existing businesses with well-crafted supply chains.
Manufacturing
Creating a Sustainable and Profitable EV Market
Developing a sustainable and profitable EV market in the U.S. is challenging, but not impossible. However, reducing cost, developing different charging options and building a resilient supply chain are key.
Sourcing & Procurement
Large U.S. Companies Hit Ceiling on Delaying Supplier Payments
These U.S. companies now have almost $1.9 trillion tied up in excess working capital, the research found, including $666 billion in excess inventory, $665 billion in payables, and $531 billion in receivables.
Manufacturing
Empowering Businesses Through Win-Win Supplier Relationships
In an economy marked by rising inflation and cost pressures, every business is paying close attention to its bottom line and slashing costs wherever possible.
Project Management Software
Pros to Know: Benefits of Strategic S&OP in 2023
Bill Mrzlak, president of ChainSequence and one of the winners of this year’s Pros to Know award, details why optimization of global supply chain networks, strategic sales and operations planning and advanced technology are key drivers.
Manufacturing
Why Supplier Diversification is a Solution
Supplier diversification may be the answer to many of the problems manufacturing supply chains face. By diversifying suppliers, manufacturers can enhance their resilience to disruptions and establish contingency plans.
Manufacturing
Leveraging a Hybrid Approach to Nearshoring and Offshoring
We can expect nearshoring to continue to grow as U.S. companies bring elements of their production closer to home to increase the resilience and agility of their supply chains, minimize disruption and improve the total cost.
3PL/4PL
How POI Data Is Driving Growth for 3PL
By investing in high-quality, reliable POI data and working with a reputable partner, 3PLs can overcome the challenges associated with international data and unlock valuable insights that can drive success in the global marketplace.
Sourcing & Procurement
Pros to Know: Always Understand the Why
Ayman Shoukry, CTO, and Laura Foti, CMO of Specright, and winners of this year’s Pros to Know award, encourages supply chain professionals to always understand the context behind challenges and opportunities.
E-Commerce Solutions
Radial Payment Solutions’ Rebrand Better Manages E-Commerce Environment
With Radial's fully managed solutions, e-commerce retailers can optimize payment and fraud management operations, eliminate false declines, handle tax compliance and protect against chargeback fraud.
E-Commerce Solutions
4 Key Points Every B2B Seller Should Consider In the Hunt for Digital Tools
B2B commerce may be complicated, but that’s what makes it exciting. Luckily there are a number of technology platforms that can make the transformational journey smoother and more profitable for your company.
Project Management Software
Why Orchestration is Critical to Supply Chain and Procurement
A great way to improve in these areas is through orchestration - the integration and coordination across systems and processes to eliminate complexity, streamline workflows and enable better collaboration across departments.
Software & Technology
Pros to Know: Be Data-Driven
David Bush, CEO, Spend Automation at Simfoni and one of the winners of this year’s Pros to Know award, details why having a data-driven foundation is key to understanding the origins of KPIs, procurement, analytics, metrics and more.
Risk/Compliance
Third-Party Risk Management: Heavy on Regulations, Light on Results
Third-party risk management efforts can deliver results. Make incremental progress toward improving third-party governance by taking these steps.
Sourcing Solutions
5 Ways to Upgrade Your Procurement Negotiations
Without strategic intervention, procurement-supplier relationships will be further challenged in 2023 as the supply chain risk that’s been building for the last three years continues to unfold.
Automation
Middle-Market Organizations are Adopting AP Automation: Here's Why
By introducing AP automation technology to their operations, middle-market companies that rely heavily on supply chains can accomplish more than before — all while maximizing margins, getting control over finances and making suppliers happier.
Financial Management Software
Combatting Cost Management Disruption with Procurement Strategy
By prioritizing technologies with clean data and comprehensive metrics, leaders can extend their operational runway and provide proof points for departmental wins.
Sourcing Solutions
Following the Road to a Stronger Business with Procurement
With both interpersonal and operational barriers removed, the business can partner with all its suppliers. In this scenario suppliers are happier, and Procurement can deliver its mandates, the benefits of which extend well into the business.
Software Solutions
How Software Testing Stabilizes the Supply Chain
The right software can help businesses get a handle on massive amounts of data, providing more visibility and greater control through predictive analytics. Here's how testing that software creates a stable process.
Sourcing Solutions
Long-Term Component Sourcing for High-Reliability Industries
To navigate future sourcing constraints, it is critical that original equipment manufacturers (OEMs) leverage long-term, data-driven planning strategies.
Trucking
How Freight Transportation and Logistics Adapt to Currency Volatility
Harnessing technology-driven tools and getting the right processes in place will help enable many freight transport and logistics companies to navigate mounting foreign exchange (FX) challenges.