Trending Articles

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Avoiding the AInxiety trap

Procurement Leaders

It’s amazing how revitalising a few days in the company of a group of procurement leaders can be. Guaranteed to recharge the inspiration batteries, face-to-face time with members is what’s best about being in this role. And being in Singapore for the Asia Pacific Procurement Congress last week left me in no doubt that the region continues to be a powerhouse of energy, innovation, creativity and growth.

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A procurement professional’s guide to risk events and mitigation strategies — FMCG

Spend Matters

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways. We want to know what are their main concerns, how they intend to address them and how much they rely on tech to help.

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The Challenge of Plastic Waste: A Global Crisis

All Things Supply Chain

For decades, plastic recycling has been riddled with complexities. Many plastic containers, especially those composed of multi-layered films, have traditionally been deemed unrecyclable.

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The Changing Role of the CTO at the Executive Table

Supply Chain Brain

The role of chief technology officer has evolved significantly over the years, as businesses have come to rely more heavily on technological innovation for their very survival.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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The Power of Visualization in Freight Optimization and Resilience

Art of Procurement

Anyone who spends their day working with data will tell you that data alone is never enough. It needs to. The post The Power of Visualization in Freight Optimization and Resilience appeared first on Art of Procurement.

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Target’s supply chain investments power holiday season ambitions

Supply Chain Dive

The retailer expects to quadruple its order processing output and ramp up next-day delivery thanks to four new facilities it opened this year.

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MTA Approves New Congestion Tolling Rates for NYC

Supply Chain Brain

In June 2024, New York Governor Kathy Hochul called off an earlier version of the congestion pricing plan just two weeks before it was supposed to go into effect.

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How many ProcureTech Solution providers are chickens trying to be eagles?

Procurement Insights

EDITOR’S NOTE: Today’s post is inspired by the following LinkedIn post by Marijn Overvest. Once you understand ChatGPT in procurement, even your coffee orders get a cost-benefit analysis. Once you know how to use it, there is no way you’ll ever work without it. Hope you liked this post! Repost to share with your network. My name is Marijn Overvest , I’m the founder of Procurement Tactics – we train procurement teams with online courses.

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‘Return on Relationships’ – the ROI of building supplier relationships and how to measure it

Spend Matters

The annual State of Flux global supplier relationship (SRM) management study made its appearance in London last week at the 2024 Supplier Management Summit in its 16th rendition, this time themed ‘Return on Relationships (RoR). The report once again delivers data-backed findings of the state of SRM across the globe and gives best practice models, guidance and suggestions stemming from those findings.

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Clorox prioritizes supplier decarbonization efforts

Supply Chain Dive

The cleaning product manufacturer is partnering with a carbon tracking service Manufacture 2030 to gain visibility into its vendors’ emission reduction plans.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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Navigating Procurement Disruptions: A Candid Discussion with Dr. Rutkoski

Arkestro

Resources / Blog / Navigating Procurement Disruptions: A Candid Discussion with Dr. Rutkoski Navigating Procurement Disruptions: A Candid Discussion with Dr. Rutkoski It’s no secret that we’re in the midst of a supply chain crisis. The Baltimore bridge collapse , geopolitical instability , and even recent IT outages have impacted a whole range of industries, from airlines to banking to logistics.

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The Red Flags That a Supplier Might Be Having Financial Challenges

Supply Chain Brain

When it comes to assessing and managing the health of one’s suppliers, anticipating and mitigating risk is crucial to maintaining operational stability.

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In the Practitioner’s Words: How To Successfully Identify, Select, Implement A ProcureTech Solution

Procurement Insights

Subject: James Carithers, Chief Operating Officer, Peak Utility Services Group ProcureTech Provider: AdaptOne Summary: ProcureTech solution development and implementation are not complicated, but they do require leadership, the right values, synergies between practitioners and providers, and knowledge of the differences between a buy, build, and customize strategy.

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GenAI and chatbots — The fallacy of ‘No UI is the new UI’ — Part 2

Spend Matters

As we explained in part 1, the “no UI is the new UI” concept is making a comeback because of the rise of generative AI (GenAI). GenAI has opened up new possibilities for providers to enhance their applications with new AI capabilities, one of which is chatbots. Chatbots are a way to move from graphical user interfaces (GUI) to conversational user interfaces (CUX).

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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USPS plans 2025 rate hikes, including big Parcel Select increase

Supply Chain Dive

The pricing changes, slated to take effect in January, aim to provide a revenue boost for the financially struggling agency.

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Magnus Mondays — Flexibility or Control? Why Not Both?

CPO Rising

For the last decade or so, the go-to solution for automating the Procure to Pay (P2P) process has been … wait for it … P2P suites. The P2P process covers… The post Magnus Mondays — Flexibility or Control? Why Not Both? appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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Optimizing the Supply Chain of Working Capital Turnover

Supply Chain Brain

By aligning loans with inventory turnover, reducing supply chain timelines, and carefully balancing inventory purchases, businesses can significantly cut costs and boost profitability.

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The fatal flaw of McKinsey’s four Cs of digital transformation

Procurement Insights

EDITOR’S NOTE: Have a look at the graphic below. While it has agent-based model development and implementation elements, it still seems to be focused on the equation-based tech theme. What do you think? My Thoughts Here is an excerpt from the following post – [link] Whenever I am asked “about the “evergreen” evolution of high-tech computing, my answer has always been the same – it’s not about the technology but the problems the technology solves.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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Risk management solution providers and what their customers really want – Exiger

Spend Matters

As part of our Q4 research into supplier risk, third-party and supply-chain risk management (TPRM/SCRM) and the solutions that support it, we have not only conducted analyst- and market-led research in the shape of analyses, advisory, definitions and webinars, but taken the pulse of the practitioners who use that technology and who deal with risk on a daily basis (for example here and here ).

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Amazon delivery tweaks among USPS’ peak season preparations

Supply Chain Dive

The agency will also lean on expanded processing capacity and early morning courier routes to strengthen holiday service reliability.

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The Best Websites To Learn Supply Chain

SCMDOJO

Ready to unlock the secrets of the supply chain? These websites offer a treasure trove of knowledge to elevate your skills and drive business success. We have compiled this information after careful and in-depth research. Before we deep dive into the details of each website, look at the summarised value proposition table we have made for you: Which Platform to Choose?

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China’s Chancay Megaport in Peru Opens

Supply Chain Brain

The China-backed megaport has the potential to create whole new trade routes that will bypass North America entirely.

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

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Can Procurement Save the World?

Art of Procurement

“There are not many functions, if any, other than procurement that sit in a position to both positively and negatively. The post Can Procurement Save the World? appeared first on Art of Procurement.

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Key takeaways from SolutionMap: Supplier risk, TPRM and SCRM

Spend Matters

In today’s fast-evolving business landscape, procurement and supply chain professionals are confronted with a staggering complexity of risk management (link to complexity piece) that requires a nuanced understanding of various dimensions of risk. The prevailing VUCA environment underscores this challenge — marked by volatility, uncertainty, complexity and ambiguity — which has become a defining characteristic of global markets.

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Pitney Bowes cuts 2,300 jobs in continued cost-savings push

Supply Chain Dive

The company is planning further workforce reductions that it aims to complete next year.

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These are the two categories of ProcureTech solution providers post-2025

Procurement Insights

I saw a terrific demo session yesterday hosted by Joël Collin-Demers and Gabe Perez. By the way, you have to start tuning into the weekly Road to the ProcureTech Cup series which airs every Friday at 12:00 Noon ET. The solution provider – Focal Point, was represented by Matthew Buckingham and Zach Bolt. As I sip my second cup of coffee this morning – yes, like Larry Leung I love my coffee, and reflect on what I saw, the Focal Point solution reminded me of the following classic televi

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Port of Long Beach Smashes All-Time Record with October Surge

Supply Chain Brain

Businesses are poised to continue bringing in larger volumes of goods through the end of the year, which is normally a quieter time for the ports.

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Non-Disclosure Agreements: Your Guide To Protecting Confidential Information

ContractSafe

Learn about non-disclosure agreements (NDAs) in this guide. Draft, customize, and manage NDAs effectively to protect your confidential information.

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GenAI and chatbots — The fallacy of ‘No UI is the new UI’ — Part 1

Spend Matters

The phrase “no UI is the new UI” is a popular concept in user experience design. It suggests that the best user interfaces are often invisible or unobtrusive. Instead of relying on traditional visual elements like buttons, menus and text fields, these interfaces anticipate user needs and perform actions automatically or through subtle cues, creating a more seamless and intuitive experience.

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Home Depot will leverage experience to tackle tariffs

Supply Chain Dive

The home improvement retailer plans to take a "differentiated" approach built on its previous efforts to navigate higher duties.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.