This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. By Jan-Hendrik Sohn. Fines of up to €8 million .
Based in Frankfurt, Germany, KION is a global leader in material handling equipment and supply chain solutions. Despite its success, KION faced significant challenges in managing its extensive supplier network and procurement processes. This approach was increasingly insufficient for a company of its scale.
RESEARCH TRIANGLE, NC, March 20, 2025 Rittal, one of the world’s leading system providers of electrical enclosures, power distribution, climate control, IT infrastructure, software and services, has confirmed JAGGAER for its procurement processes. Over time, the use of the software was gradually extended to other modules.
Antimony (Sb): A metalloid used primarily in flame retardants and lead-acid batteries; predominantly sourced through stibnite (Sb2S3) ore. Even when sourcing from countries like Belgium, Germany, and Japan, there is often upstream exposure to China. Alternative sourcing: Identify additional suppliers to mitigate dependencies.
Insights from a Former Procurement Manager People often ask me why I left FORVIA, a French global automotive supplier, to join QAD. As organizations strive to remain competitive, the need for efficient procurement processes has never been more critical.
The surging Delta virus, devastating floods in China and Germany and cyber attacks on South African ports are amongst the latest in a series of events that continue to send shock waves throughout the system. For more than a year, global supply chains have been buffeted by one major disruption after another. The impact?
From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. Some 48 active pharmaceutical ingredients (APIs) vital to the pharma supply chain are sourced from the central province of Hubei.
Under Pressure, Will Procurement Take Performance Higher in 2023? . Procurement and supply chain teams have been trying to hold the line against macroeconomic and global market forces that have been pushing hard against them for nearly three years. Procurement and supply chain teams are under constant pressure. “Our
Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Procurement at the pivot point. Clear steps to sustainable procurement.
The company has faced sourcing constraints as a result of the war in Ukraine, causing the company to rely on second sourcing capabilities for its mustard procurement. west coast, according to Germany-based Container XChange, a technology firm which tracks container movement trends worldwide.
The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017). Furthermore, e-procurement enables price negotiation and supplier evaluation.
The Global Procurement & Supply Chain Management for Oil And Gas Industry 2016. Venue: Intercontinental Berlin, Germany. Date: 11-12 April, 2016. Organizer: Magvoy Energy – MagVoyages ltd. Url: [link].
Global automaker Volkswagen is reportedly aiming to consider either vehicle or supplier factory closures in its home country of Germany. CEO Oliver Blu me reportedly indicated in a statement : “ Germany as a business location is falling further behind in terms of competitiveness. All rights reserved.
Source: Various published PMI reporting, 2024 and compiled by Ferrari Consulting and Research Group LLC This same global wide indicator ended 2023 at a value of 48.8 At the end of 2024, global production and procurement activity levels are equivalent to the beginning of 2019, the year prior to the Covid-19 global pandemic. (
Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.
Germanys debt reform announcement and the impact it has had on the interest rate on 10-year German bonds (increasing by almost 0.5% Very often, these scenario analyses are still done in silos by sales, procurement, and finance, often involving home-grown spreadsheet solutions. in just a few days) is a perfect example.
As more data sources get legible, whether it’s container ship movements, eAWBs or carrier rates , it can have incredible ramifications. I’ve heard anecdotes from the past two years of SVPs at multinational companies needing to sign off on spot procurement but the degree of interest executives are now showing is impressive.
Jim Hoefflin, president and COO of logistics, Kewill Driverless trucks, currently being tested in Germany and Nevada, could be revolutionary to the supply chain and might be the solution to the truck driver shortage that’s poised to have a huge negative impact on the industry. Connected devices can also support the warehouse worker (i.e.
Combined with more activity at their regional hub in Germany , Amazon has clearly become a major global cargo airline. For small or midsize businesses, procuring freight directly from a carrier may be cheaper, depending on the extent to which carriers aim to maximize margins. One goal, two different motivations.
Within the Industrial sector, customer wins included Germany based Krones AG and Japan based Nippon Seiki. Customer Additions Announced new customers in the latest quarter included Japan based Ono Pharmaceutical and Swiss based Octapharma in the Life Sciences sector.
Across twenty additional countries, Amazon’s other centers are predominantly focused on fulfillment and delivery stations while some countries, like Italy, the UK, Germany, France, Spain, Singapore, and Japan also have Prime delivery facilities. Source: Amazon.com. Let’s Talk About Boats, Ships, and Trucks.
RS Integrated Supply’s Costanza Campi to speak at World Procurement Excellence Summit WARRINGTON, UK / RADNOR, PA 8 AUGUST 2023 – Costanza Campi, Senior Vice President of Global Procurement for RS Integrated Supply, has been selected to present at the upcoming World Procurement Excellence Summit in Cologne, Germany.
Over the last week, I’ve had the opportunity to speak with a number of individuals about how important it is to change people’s view of the procurement function. Up to now, let’s face it, procurement people haven’t always been the most popular folks around the water cooler.
Venue: Radisson Blu Berlin 5*, Germany. The Global Procurement & Supply Chain Conference is a 2 days event being curated by the industry’s leading procurement & supply chain executives and features high-level discussion on your most pressing challenges including: Achieving excellence in internal collaboration and integration.
Last year, Germany passed its Act on Corporate Due Diligence Obligations in Supply Chains. Germany is an early-mover, but even organizations without activities in Germany should prepare for something similar in the years ahead, as the trend is likely to spread globally. Legislation coming into play. Interrogate supplier data.
JAGGAER’s Amenallah Reghimi and Mic h ael Roesch recently partnered with Philip Ideson , founder and managing directo r at Art of Procurement , to bring procurement professionals a presentation on response tactics for the current global crisis. I think this will also help procurement teams learn to be agile.
From entry-level positions such as procurement officers and logistics coordinators to higher-level roles like supply chain directors and vice presidents, each comes with its own set of responsibilities and corresponding salary ranges. per hour. . In addition, they earn an average bonus of $8,110.
This sounds simple enough, but we all know it’s a very complex issue and that’s partially because ESG concerns touch every part of the value chain, from the field or mine where raw materials are sourced to the packaging and transport modes used to bring your finished product to market.
Somachini produces heavy truck timing gears for Detroit Diesel and Daimler to Germany, specializing in high precision, high volume production. To do business in the automotive industry, Somachini has to comply with the ISO 14001 standard.
The acquisition will also significantly boost SAP’s cloud applications portfolio with the addition of Ariba’s leading cloud-based procurement solutions. Industry experts estimate the cloud-based enterprise network and procurement segment at a current size of $5 billion in revenue. Germany: +49(0)89 1214 00699.
Ivalua, a global leader in spend management , today announced that Tchibo, one of the largest coffee roasters in the world, has chosen Ivalua and its partner Capgemini to digitize Source-to-Contract (S2C) for its indirect purchasing of goods and services. Founded in 1949, the company today has a turnover of €3.2 ivalua.com.
France and Germany also extended their support with the supply of emergency medical equipment. While Germany offered help in setting up mobile oxygen production plant and provided 80 million K95 masks. The USISPF through donations from its member companies also sourced 1,00, 000 portable oxygen concentrators for home and hospital use.
Procurement professionals around the world are sitting up and paying attention, especially in sectors with globally integrated supply chains. Since the outbreak of SARS in 2003, the last major epidemic to hit China, the country has become even more important as a source of key components and materials as well as finished consumer goods.
To illustrate his point, he used the example of a purchaser at an Italian company that mainly sources semi-finished products from France. But the French supplier has used components from Spain that in turn contain some parts originating in the UK and others from Germany. Because a silo-based approach won’t fix this.”.
The challenge With such a vital product at stake, they needed to ensure their ambitious and dedicated procurement teams were equipped with the right training to ensure they can deliver everything needed to get their cutting-edge technologies into their customers hands. ” Stefan Isler, Head of Global Sourcing, Huber+Suhner.
Background Supply chain ethical and social responsibility, that which umbrellas ESG conformance, have increasingly become a concern for businesses, large and small, along with their procurement organizations. Governments including Canada , Germany , and the United Kingdom have enacted special legislation in these areas.
Efficient logistics is an important determinant of a country’s competitiveness and source of employment. It is also defined as the procurement, maintenance, distribution, and replacement of personnel and material. Logistic activities accelerate economic growth and productivity growth. What is a Logistics Framework?
I can claim to have been a nuclear rocket engineer for a couple of years, looking after nuclear rockets in West Germany during the end of the Cold War. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Where are your products coming from?
On a faster track, the Europe UAM market is projected to grow at the highest rate during the forecast period of 3 to 7 years with Germany, the U.K., and France investing heavily in developing and procuring advanced UAM systems for commercial operations. billion in 2022 to USD 28.3 billion by 2030.
Innovation meets Global Sourcing. Young Professionals should begin as early as possible to gain knowledge in the fields of possibilities for procurement and logistics. URL: www.bme.de/yp@airbus. The 3D printing technology is without question one of the biggest megatrends which will affect the supply chain market in the next decade.
Of added concern, manufacturing powerhouses of France, Germany, Spain and Italy each had contraction level PMI values. Germany and Italy values were noted as being 25-month lows. The report authors indicated that this was the sharpest decline in production since the initial wave of Covid-19 lockdowns in May 2020.
Bristlecone has introduced several new fixed-price, fixed-scope offerings for SAP products across supply chain planning, procurement and execution. S/4HANA and Ariba integration for Germany-based manufacturer. Procurement Center of Excellence creation for discrete manufacturer. Middle East and North Africa.
World powers such as Britain pledged legislation in 2019 to cut plastic pollution, Germany promised to phase out coal by 2038, and Copenhagen has made plans to become the first carbon neutral capital. Answers to these questions lie in a few critical trends assembled with the input from our team of experts here at EcoVadis.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content