Fri.Nov 10, 2023

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Agile Methodology in Procurement: A Paradigm Shift in Supply Chain Management

ProcurePort

Agile Procurement involves a new way of thinking. It promotes flexible sourcing and working closely with suppliers. It also involves adapting plans and constantly improving through feedback. Successful examples show that being flexible in procurement brings better responsiveness, smoother processes, and strong supplier relationships. This helps organizations succeed in today’s ever-changing business world.

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How to implement enterprise resource planning (ERP)

IBM Supply Chain Blog

Once your business has decided to switch to an enterprise resource planning (ERP) software system, the next step is to implement ERP. For a business to see the benefits of an ERP adoption it must first be deployed properly and efficiently by a team that typically includes a project manager and department managers as well. This process can be complicated and feel overwhelming, depending on the needs of your organization.

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Trending Sources

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What is the importance of risk management to procurement?

ProcurePort

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. Strategic mitigation involves using advanced technologies, strong supplier relationships, and considering globalization, ESG factors, and post-pandemic changes.

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Party City-owned balloon supplier files for bankruptcy

Supply Chain Dive

Anagram entered Chapter 11 amid uncertainty around the manufacturer’s supply contract with the retailer, which is its corporate parent and largest customer.

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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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Reducing administrative burden in the healthcare industry with AI and interoperability

IBM Supply Chain Blog

Every day, tens of thousands of patients in seek care for treatment of new or existing conditions. Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

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How military veterans can fill the manufacturing labor gap

Supply Chain Dive

As the industry pushes to fill more than 600,000 open roles, veterans offer unique skillsets and leadership qualities to step into manufacturing careers.

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32nd Annual Study of Logistics and Transportation Trends: Navigating a Shallow Pool of Resources

SCMR (Supply Chain Management Review)

Logistics operations are facing a human capital crisis that poses a threat to both performance and competitiveness. The 32nd Annual Study of Logistics and Transportation Trends examines how businesses are competing for talent, and adopting technology to stay ahead of the competition.

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The Four Practitioner Personas Every Service Provider Should Know

Procurement Insights

Video Summary: Jon Hansen and Bill DeMartino discuss the importance of being a customer-first solution provider and the different approaches to implementing change in organizations. They identify four personas, including those focused on immediate action, gradual improvements, process changes, and mid-market solutions. The conversation emphasizes solving problems rather than just building systems or selling technology.

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How the semiconductor industry is leveraging high-performance computing to drive innovation

IBM Supply Chain Blog

Semiconductors act as the secret powerhouse behind various industries, from healthcare to manufacturing to financial services. In the last few years alone, we’ve seen how essential semiconductors can be and why companies need to develop this technology rapidly to maximize productivity. As semiconductor manufacturers strive to keep up with customer expectations, electronic design automation (EDA) tools are the keys to unlocking the solution.

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JB Hunt, BNSF’s new service seeks to convert just-in-time shipments to intermodal

Supply Chain Dive

The trucking and rail giants are promising up to 95% on-time delivery for goods shipped on their joint Quantum service.

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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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Five ways to reduce your public cloud spend with IBM Turbonomic

IBM Supply Chain Blog

Public cloud computing is a must if your organization wants to scale quickly and meet the day-to-day, ever-changing demands of the business. One of the challenges for IT, though, is controlling cloud consumption costs while moving workloads. A recent survey 1 found that cloud over-spending was higher in 2022 than in the previous year: 56% of companies surveyed admitted that spending on public cloud was significantly over budget, some by over 20% to 30% of their intended spend.

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Amazon extends grocery delivery, pickup to non-Prime users

Supply Chain Dive

The online services are now ready at Amazon Fresh stores nationwide and will soon expand to Whole Foods’ markets.

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What are the Key Perks of Digital Procurement Services?

Procurement Freelancers

Digital procurement is one of the most important parts of contemporary supply chain management.

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What is Business Intelligence (BI) Reporting Software?

Fraxion

Uncover the benefits of business intelligence reporting software and how it can supercharge your decision-making process and cost-saving potential.

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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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The Importance of Visibility to CPOs in 2024

CPO Rising

With 2024 around the corner, now is a good time for chief procurement officers to take stock of strategic imperatives for the year ahead — namely, spend visibility. Big data has never been more critical in gaining spend transparency across the enterprise.