Procurement Leaders
NOVEMBER 18, 2024
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.
Spend Matters
NOVEMBER 20, 2024
In today’s interconnected global business environment, supply chain risk management (SCRM) has emerged as a critical discipline for organizations striving to maintain operational continuity and a competitive advantage. At its core, SCRM involves identifying, assessing and mitigating risks that can disrupt the flow of goods, services and information across a company’s supply chain.
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All Things Supply Chain
NOVEMBER 13, 2024
For decades, plastic recycling has been riddled with complexities. Many plastic containers, especially those composed of multi-layered films, have traditionally been deemed unrecyclable.
Supply Chain Brain
NOVEMBER 17, 2024
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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Supply Chain Dive
NOVEMBER 19, 2024
The retailer expects to quadruple its order processing output and ramp up next-day delivery thanks to four new facilities it opened this year.
Art of Procurement
NOVEMBER 14, 2024
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.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Procurement Insights
NOVEMBER 17, 2024
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.
Supply Chain Brain
NOVEMBER 19, 2024
Procurement professionals must rise to the ESG challenge by leveraging supplier collaboration to ensure compliance and best practices in the extended supply chain.
Supply Chain Dive
NOVEMBER 14, 2024
The cleaning product manufacturer is partnering with a carbon tracking service Manufacture 2030 to gain visibility into its vendors’ emission reduction plans.
Finale Inventory
NOVEMBER 18, 2024
In today’s fast-paced business environment, maintaining a healthy cash flow is crucial for success. Delayed payments can hinder growth, strain relationships with suppliers, and create unnecessary stress. Let’s explore five strategies to accelerate your payment collection process by 20%-80% 1 and improve your financial health. 1. Implement Accounts Receivable (AR) Automation One of the most impactful ways to speed up payments is with an AR automation platform.
Advertiser: GEP
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.
Procurement Insights
NOVEMBER 20, 2024
I was sent the above notification and asked the following question: What are the differences between Generative AI, Agentic AI, and Autonomous AI Agents? I will bypass the first one, Generative AI, to focus on the latter two. What immediately came to mind was VHS versus Betamax. Anyone post-Generation X will likely be scratching their head at this point.
Supply Chain Brain
NOVEMBER 20, 2024
Five major oil and chemical companies produce more plastic in two days than their Alliance’s projects have cleaned up over the past five years.
Supply Chain Dive
NOVEMBER 18, 2024
The pricing changes, slated to take effect in January, aim to provide a revenue boost for the financially struggling agency.
Finale Inventory
NOVEMBER 20, 2024
Black Friday and Cyber Monday (BFCM) are the ultimate tentpole events for ecommerce sellers, but success doesn’t come without preparation. During a recent webinar, industry experts Richie (Levanta), Ali (Trellis), and Samantha (Finale Inventory) joined forces to share actionable insights on how sellers can thrive this holiday season. Whether optimizing pricing, managing inventory , or strategizing your marketing campaigns, the key takeaway was clear: agility, planning, and data are your best fri
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
Spend Matters
NOVEMBER 14, 2024
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.
Procurement Insights
NOVEMBER 20, 2024
The above is a simplified model of the Metaprise I used to develop my ProcureTech solution in 1999 EDITOR’S NOTE: Below is a comment regarding one of my latest posts about the differences between Horizontal Stacking and Intelligent Vertical Integration. READER COMMENT Jon W. Hansen – I find this topic interesting for more reasons than just that I founded a business to solve this problem.
Supply Chain Brain
NOVEMBER 19, 2024
Russia terminated its export targets at the end of May 2024, opting instead to restrict production, in line with its partners in the OPEC+ oil producers’ group.
Supply Chain Dive
NOVEMBER 18, 2024
The home improvement retailer plans to take a "differentiated" approach built on its previous efforts to navigate higher duties.
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.
CPO Rising
NOVEMBER 20, 2024
Join Ardent Partners and Medius on December 4th (2 PM ET) as they discuss AI In Action – Accounts Payable’s Biggest Innovations (PLUS AP HONORS 2024). This webinar will tell… The post NEW WEBINAR: AI In Action – Accounts Payable’s Biggest Innovations (PLUS AP HONORS 2024) appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Spend Matters
NOVEMBER 14, 2024
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).
Procurement Insights
NOVEMBER 19, 2024
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.
Supply Chain Brain
NOVEMBER 13, 2024
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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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.
Supply Chain Dive
NOVEMBER 20, 2024
Increased automation and more efficient driver routes helped the retail giant accomplish the feat for the third consecutive quarter.
Arkestro
NOVEMBER 19, 2024
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.
Spend Matters
NOVEMBER 20, 2024
In many cases, external workforce programs begin as a localized or regional effort, often driven by Human Resources or Procurement departments looking to improve talent or costs for their areas of management. The establishment of these localized programs will usually see more control, more visibility and better costs with how their company engages with the external workforce.
Procurement Insights
NOVEMBER 18, 2024
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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Supply Chain Brain
NOVEMBER 18, 2024
When it comes to assessing and managing the health of one’s suppliers, anticipating and mitigating risk is crucial to maintaining operational stability.
Supply Chain Dive
NOVEMBER 13, 2024
The company is planning further workforce reductions that it aims to complete next year.
CPO Rising
NOVEMBER 18, 2024
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.
Spend Matters
NOVEMBER 19, 2024
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 ).
Advertiser: GEP
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.
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