Supply-chain managers have long faced challenges when it comes to accounts payable and procure-to-pay (P2P) processes. Despite the shift to digital taking place across all industries, many organizations still rely on manual, paper-based AP processes to approve and pay invoices. This creates a s

With the New Year comes cause for many celebrations, but it also comes with new headaches — not the least of which is tax season. Throughout the past few months, it felt like Congress and the IRS were constantly butting heads with one another about whether or not business expenses paid for usi

Supplier diversity isn’t a new concept, but it’s one that will come into sharp focus in 2021.Historically, diversity initiatives focused primarily on ensuring that business continuity wasn’t in jeopardy, that if one supplier or region was unable to perform, there were other options

The ability to consistently get accurate cost estimates for new products and parts is elusive. Cost estimates are inherently imprecise, and the underlying drivers can change daily based on the price of a single material, a new union contract, or a supply-chain disruption. It’s a critical chall

As pharmaceutical companies entrust contract manufacturers to scale production of COVID-19 vaccines, they're faced with heightened challenges of maintaining safety and efficacy — on top of the already challenging nature of a time- and temperature-sensitive supply chain.A trustworthy,

Thanks to its vast collection of private data, the public sector is often a top target for cybercriminals. Federal, state and local governments collect Social Security Numbers, contact information, health information, work history, financial information and many other data points. This can

The supply chain has undergone considerable shock over the last year. In addition to the explosion of e-commerce, suppliers and distributors have juggled new health protocols, the emergence of new technologies designed for a pandemic-plagued world, and unprecedented fluctuation in product demand and

Prioritizing sustainability can deliver significant benefits to all aspects of an organization, regardless of industry. Within the supply chain, many businesses are acknowledging the many benefits that sustainable operations offer, and are pushing to advance their green initiatives.A recent research

After two months of supply constraints, COVID-19 vaccine manufacturers and U.S. officials have signaled that the spigots are about to open — providing hundreds of millions of doses to match the growing capacity to immunize people at pharmacies and mass-vaccination sites. To face the&

The economic disruptions of COVID-19 have caused many restaurants and retail businesses to look for ways to cut costs and find new revenue streams. But many businesses don’t realize that up to 40% of their trash — from post-consumer plastics such as hangers and water bottles, to metals,

Dynamic pricing, where demand and availability directly impact the price consumers pay, is making a comeback. Before the industrial revolution, all prices were dynamic. Consumers and shop keepers would haggle over pricing, before reaching a price they both could live with. However, haggling required

The focus of 2020 was indisputably on the COVID-19 crisis, and every area of business felt the burn — especially the supply chain. Up to 75% of companies reported significant disruption in their supply chains, forcing 16% to adjust revenue targets downward. But long before the COVID-19 outbrea

Risk management is mandatory for any company that seeks to ensure continuity and achieve long-term success. Supply-chain risk management involves mitigation of both exceptional and everyday risks, with the goal of reducing related costs, minimizing inconvenience, and boosting company profits. It tak

Supply-chain leaders everywhere are redefining what it means to achieve "resilience" — and it's growing beyond stockpiling and risk response. In the wake of the COVID-19 pandemic and other disruptions, resilient supply chains actually thrive in chaos, and crucially, off

COVID-19 has accelerated digitization of the workplace giving precious little time for the workforce to react, learn and progress. Organizations face a threefold challenge:  a younger pool of entry and mid-levels entering the workforce;  a mature workforce; retire-ready within the next few

On-board, berthed and on the marina, smart technologies are driving widespread digitalization — a process which has the potential to guide shipping processes into the future. Digitization in the maritime industry assists with complex logistics, asset and supply-chain management. Smart tec

Technology is of huge importance to the maintenance, repair and operations (MRO) supply chain. From condition monitoring to asset hierarchy, inventory tracking and spend management, technology’s role is absolutely vital.Without the ability to communicate efficiently, full integration of the su

COVID-19 has been a significant disrupting factor to the global supply chain. It forced an immediate shift to digital channels, eroded relied-upon logistical strategies, and forced companies to re-think in-person interactions of every kind.As we embark on 2021, it might be tempting to settle into th

For most businesses, in the economic train wreck that was 2020, sustainability took a back seat to survival.Good intentions didn’t fade away; businesses continued to pay lip service during the year to the need for lightening their impact on the environment. But keeping the doors open, and serv

I've been fortunate enough to manage and support warehouse operations of all shapes and sizes around the world for many years. In all that time, I have never witnessed such rapid change over such a short period as we have seen in 2020 and 2021.There’s still one continuing global truth in w