Arkansas could be a lithium treasure trove
Supply Chain Dive
OCTOBER 24, 2024
The state’s Smackover Formation region may contain up to 19 million tons of the critical mineral, more than enough to meet projected global demand in 2030.
Thu.Oct 24, 2024
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U.S. STB Approves Transaction That Creates Rail Link Between Mexico, U.S. South
Supply Chain Brain
OCTOBER 24, 2024
The acquisition by CSX and CPKC will create a new interchange in Alabama that will connect shippers in Mexico, Texas and the Southeast U.S.
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Top UPS shippers temper holiday volume forecasts
Supply Chain Dive
OCTOBER 24, 2024
A condensed peak season is expected to increase in-store shopping activity, which could blunt home delivery demand.
DOE Awards $428M to Address 'Critical' Energy Supply Chain Needs
Supply Chain Brain
OCTOBER 24, 2024
The projects selected are each focused on one of five areas: energy grid components, batteries, low-carbon materials, clean power generation, and energy-efficient products.
Load Optimization: A Sustainable Way To Reduce Transportation Costs
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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.
Spend Matters Future 5 2024: Why we chose COVALYZE
Spend Matters
OCTOBER 24, 2024
Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , COVALYZE, Halo Ai , ivoflow and True ValueHub. To warrant such attention, these vendors must have a product that is ideally 2-to-5 years old, is used by more than five customers and displays an innovative applic
How Additive Manufacturing Is Reshaping U.S. Industries and Supply Chains
Supply Chain Brain
OCTOBER 24, 2024
In recent years, reshoring has evolved from a strategic consideration to a central priority for both policymakers and businesses. A key element of the reshoring push is additive manufacturing.
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NHTSA Opens Probe into Tesla 'Full Self-Driving' System
Supply Chain Brain
OCTOBER 24, 2024
If the agency finds that the system poses enough of a safety risk, it could potentially order a full recall of all vehicles that use the software.
UPS’ Happy Returns taps into Geek+ sorting robotics
Supply Chain Dive
OCTOBER 24, 2024
The provider’s Pennsylvania hub is seeing reduced processing times by leveraging 150 robots to help handle returns volume.
Improving B2B Supply Chain Promising With a Microservices Approach
Supply Chain Brain
OCTOBER 24, 2024
B2B buyers aren’t just thinking about cost. Like their B2C counterparts, they have customer-experience expectations and shipping requirements to consider.
FTC appeals noncompete ban decision to 5th Circuit
Supply Chain Dive
OCTOBER 24, 2024
Ryan, LLC and the U.S. Chamber of Commerce previously landed a victory with a federal district court ruling in their favor.
Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations
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.
EU Considers Tariff Hikes on More Russian Agricultural Goods
Supply Chain Brain
OCTOBER 24, 2024
Several EU member states eager to limit Moscow’s revenues have been urging the bloc to impose sweeping levies on agricultural and fish imports from Russia.
The SaaS Market and IT Procurement: A $350 Billion Opportunity or a Continued Shoving Around the Executive Table?
The Good Spending
OCTOBER 24, 2024
S SaaS is booming—but at what cost? The market is set to skyrocket, potentially reaching $1 trillion by the early 2030s—up from the current $240-$320 billion range. But this explosive growth hides a disturbing flipside. 2. The hidden cost: unused licenses and soaring spend. Nearly 50% of SaaS licenses go unused, while companies add an average of six new apps each month, building on an already bloated base of 269 apps.
Podcast | A Manufacturer Moves From China to Mexico. How’s That Going?
Supply Chain Brain
OCTOBER 24, 2024
A contract manufacturer serving the automotive industry is riding the trend of shifting production from China to Mexico.
Procurement Analytics: Key Methods, Tools & Use Cases for Data Savvy Procurement Professionals
Art of Procurement
OCTOBER 24, 2024
As a modern day procurement professional, you need to have strong analytical skills and the ability to make data-informed decisions. The post Procurement Analytics: Key Methods, Tools & Use Cases for Data Savvy Procurement Professionals appeared first on Art of Procurement.
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
Dali’s Owners Agree to Pay U.S. $100M for Bridge Crash
Supply Chain Brain
OCTOBER 24, 2024
The settlement does not include any damages for the reconstruction of the Francis Scott Key Bridge.
Understanding Procurement’s Error Chain And It’s Impact On ProcureTech Implementation Success
Procurement Insights
OCTOBER 24, 2024
EDITOR’S NOTE: Use the following link to join the in-depth discussion stream on LinkedIn. Michael Lamoureux , you make an excellent point for which there are two discussion tracks: 1. See my comment above regarding the two sets of questions I asked ChatGPT. 2. Check Akash Mittal ‘s comments in this same discussion stream. Your and his answer brings to mind the aviation term “Error Chain.” Check out the following video both before and after reading the following two key po
Essential Guide to Supplier Collaboration
Jaggaer
OCTOBER 24, 2024
Essential Guide to Supplier Collaboration Supplier collaboration is redefining success across industries. It’s no longer just about maintaining good relationships; it’s about turning those connections into engines of innovation, efficiency, and sustainability. Strong supplier partnerships drive new product development, unlock cost efficiencies, and ensure supply chains are adaptable to changing market conditions.
Is It Time For ProcureTech To Start Its Own “Dynasty” Reality League?
Procurement Insights
OCTOBER 24, 2024
A dynasty fantasy football league is a type of fantasy football format where team owners keep the majority or all of their players from year to year, rather than starting fresh with a new draft each season (as in traditional “redraft” leagues). The focus in a dynasty league is on building a long-term team, similar to how real NFL teams manage their rosters over multiple seasons. – Source (ChatGPT) Have you ever noticed how unwieldy most ProcureTech solution maps are becoming?
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.
Understanding Chinese Business Culture Through Personal Experiences
Procurement Express
OCTOBER 24, 2024
Chinese business culture is a complex tapestry woven from rich traditions, modern practices, and unique interpersonal dynamics. This blog delves into various aspects of this culture, drawing insights from personal experiences and observations. From the importance of relationships to the nuances of communication, the following sections offer a comprehensive understanding of what makes doing business in China distinct.
Supplier Collaboration: Driving Innovation and Competitive Advantage
Jaggaer
OCTOBER 24, 2024
Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. The concept goes beyond traditional buyer-supplier relationships, focusing on creating value through closer, more integrated partnerships.
Balancing Power and Purpose for Profit
Procurement Express
OCTOBER 24, 2024
In today’s competitive business landscape, the need to balance power and purpose has become paramount. Organizations must navigate the complex interplay between profitability and meaningful impact. This blog explores the essential elements of leadership, profitability, and how a purpose-driven approach can lead to sustainable success. The Role of Leadership in Business Leadership is more than just making decisions; it’s about creating an environment where everyone can thrive.
The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships
Jaggaer
OCTOBER 24, 2024
The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Their responsibilities focus on going beyond cost reduction and achieving broader business goals such as growth, innovation, and customer satisfaction.
The Ultimate Guide to Transportation and Load Building Optimization
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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.
Positive Purchasing Partners With Mithra-Ai
Positive Purchasing
OCTOBER 24, 2024
We’re Excited to Announce Our Partnership with Mithra-Ai! At Positive Purchasing, we recognize that data foundation is a problem for procurement. Category owners and leaders often struggle to get clear visibility into what’s happening across the organization. That’s why we’re thrilled to partner with Mithra-Ai to help close the data gap! Mithra-Ai specializes in offering a trusted data foundation to help organizations analyze, assess and execute category strategies they are responsible for.
Maximizing Cost Savings Through Strategic Supplier Collaboration
Jaggaer
OCTOBER 24, 2024
Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction. The emphasis has shifted toward strategic partnerships, with a key focus on reducing costs while fostering long-term supplier collaboration.
Will a Gartner representative delete another one of my comments in which I ask a fair question?
Procurement Insights
OCTOBER 24, 2024
The following is the link to Gartner’s recent LinkedIn post to which I posed the following fair and well-researched question/comment: Here is the comment I made on the Globality, Inc. post that shared the above, specifically referencing Point #1 regarding Agentic AI: What is the difference between Agentic AI and Agent-based modeling? By doubling down on technology, is Gartner leading us astray?
NEW WEBINAR: Maximize Your P2P Potential: The Metrics That Drive Results
CPO Rising
OCTOBER 24, 2024
Join Ardent Partners and Tradeshift on November 7th (9 AM ET) to discuss Maximize Your P2P Potential: The Metrics That Drive Results. Hear directly from Andrew Bartolini, Ardent Partners Founder… The post NEW WEBINAR: Maximize Your P2P Potential: The Metrics That Drive Results appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software
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.
Spend Matters Future 5 2024 – Introducing COVALYZE
Spend Matters
OCTOBER 24, 2024
Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them. For the Future 5, Spend Matters analysts scour the market to find new specialist solution providers that can answer a burning need of procurement practitioners today.
The Future of Supplier Collaboration is Now: AI is Optimizing Supplier Relationships
Jaggaer
OCTOBER 24, 2024
The Future of Supplier Collaboration is Now: AI is Optimizing Supplier Relationships Artificial Intelligence plays a powerful role in effective supplier collaboration. It provides valuable insights, improves supplier management, and facilitates stronger and more profitable supplier relationships. Though the introduction of AI into our everyday lives is relatively new, its abilities meet critical needs, enhances efficiencies, and allows procurement professionals to avoid being bogged down by
Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration
Jaggaer
OCTOBER 24, 2024
Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logist
9 Steps to Improving Supplier Collaboration for Competitive Advantage
Jaggaer
OCTOBER 24, 2024
9 Steps to Improving Supplier Collaboration for Competitive Advantage The strategic value of suppliers has been growing, and so has the need to rely on their performance and partnership. Supplier collaboration serves as the foundation for supply continuity, agility, risk management, and resilience when disruptions occur. Making key suppliers more like business partners than cost-reduction entities.
How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy
Speaker: Paul Heller
Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro
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