Art of Procurement
MARCH 21, 2024
The last few years have not been kind to retailers. Inventory misalignment has dragged down revenue and working capital. Companies. The post Treasure Hunting with TJX appeared first on Art of Procurement.
Supply Chain Dive
MARCH 21, 2024
The Department of Transportation's initiative has gained interest from beneficial cargo owners, ocean carriers and other stakeholders. Here's what a few had to say.
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SCMR (Supply Chain Management Review)
MARCH 21, 2024
More procurement leaders are trying to implement AI and automation into their operations, shifting gears from a what’s possible to a how-to-implement strategy.
Let's Talk Supply Chain
MARCH 21, 2024
Q2 is just around the corner. 2024 has brought a fresh sense of urgency to the global supply chain amidst growing regional wars and tensions, and calls from climate scientists have kept sustainability initiatives a top priority. Rising sea levels and major American metropolitans slowly sinking have climate scientists on high alert and raising the alarm for government and commercial organizations.
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The Thomas Blog
MARCH 21, 2024
Lead scoring is a strategy used to rank prospects according to their potential to become customers. It involves assigning numerical scores to each lead based on various attributes, including: demographic information, engagement with the brand's digital presence, and other behaviors indicative of their interest. This system helps sales and marketing teams prioritize leads, tailor their outreach strategies, and ultimately, improve conversion rates.
Supply Chain Dive
MARCH 21, 2024
The retail giant leaned on education, financing and recognition to get its supply chain on board with Project Gigaton, a sustainability executive with the company told Supply Chain Dive.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Dive
MARCH 21, 2024
The service's success will hinge on shippers' own capabilities and how much consumers value Saturday and Sunday deliveries.
Procurement Freelancers
MARCH 21, 2024
In today’s rapidly evolving business landscape, the concept of outsourcing has become increasingly prevalent. From… The post Embracing Outsourcing: A Modern-Day Trend Through Expert Product Sourcing Agent first appeared on Procurement Blog | Procurement & Supply Chain News.
Supply Chain Brain
MARCH 21, 2024
The key to accelerating digital-twin development is through the use of knowledge graphs — machine-readable representations of the physical and digital worlds.
IBM Supply Chain Blog
MARCH 21, 2024
5G technology isn’t a one-size-fits-all solution that can enable digital transformation at the touch of a button. There are three kinds of 5G, each with its own specific use cases and capabilities, that business leaders need to understand. 5G wireless is broken down into three types—low, mid and high band—named for the spectrum of radio frequencies they support.
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.
Supply Chain Brain
MARCH 21, 2024
Pam Simon, conference chair and executive vice president of programming for Manifest 2024 in Las Vegas, Nevada, sums up the themes of the show, offers a peak at next year's event, and discusses Manifest's newly announced partnership with SupplyChainBrain's Global Supply Chain Marketing Summit.
Supply Chain Dive
MARCH 21, 2024
In a recent survey, men were more likely to receive title and salary increases than women — and far more likely to see equal treatment.
Supply Chain Brain
MARCH 21, 2024
The U.S. Department of the Treasury claims that a vessel owned by Vishnu Inc. has been involved in "illicit shipments" to China, in support of Iran-backed Houthis.
Art of Procurement
MARCH 21, 2024
Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – March 22nd, 2024 appeared first on Art of Procurement.
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
Supply Chain Brain
MARCH 21, 2024
The overarching suite — dubbed Transfix Shield — includes a pair of offerings: RateCon Shield and Facility Shield.
Supply Chain Dive
MARCH 21, 2024
The new owned-and-operated location will give the retailer control over its bottling and packaging process.
Supply Chain Brain
MARCH 21, 2024
The effort is at the center of the president’s goal to reduce America’s reliance on foreign countries.
The Good Spending
MARCH 21, 2024
The journey to holistic value Let's nail it - those obsessed with savings only look at a single link of a complex value creation chain. It's not just about the Needs to Resources transformation - it's about the impact we created. The following sketch isn't my idea—I found it elsewhere and adjusted it to my beliefs. In the procurement context, we should look at economies but remember Efficiency and Effectiveness.
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.
Supply Chain Brain
MARCH 21, 2024
Both Temu and Shein have faced frequent allegations over forced labor at their production and manufacturing facilities.
SCMR (Supply Chain Management Review)
MARCH 21, 2024
NRF is pegging 2024 retail sales to increase between 2.5%-to-3.5% to between $5.23 trillion and $5.28 trillion. Should this forecast come to fruition, NRF said that it would top 2023 retail sales, which rose 3.6% to $5.1 trillion.
Supply Chain Brain
MARCH 21, 2024
Low flows on the Mississippi could have potential impacts on those navigation and commercial interests that depend on water from the river, NOAA said.
IBM Supply Chain Blog
MARCH 21, 2024
Artificial intelligence (AI) is revolutionizing industries by enabling advanced analytics, automation and personalized experiences. Enterprises have reported a 30% productivity gain in application modernization after implementing Gen AI. However, the success of AI initiatives heavily depends on the underlying infrastructure’s ability to support demanding workloads efficiently.
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Art of Procurement
MARCH 21, 2024
Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – March 22nd, 2024 appeared first on Art of Procurement.
ContractSafe
MARCH 21, 2024
The terms "contract administration" and "contract management" are often mistakenly used interchangeably, blurring the lines between two distinct yet interconnected stages in the lifecycle of a contract.
Empowering CPO
MARCH 21, 2024
Introduction Healthcare providers worldwide encounter obstacles in optimizing their supply chains due to costly provider preference items with narrow profit margins. The clash between healthcare providers and strategic teams over the utilization of alternative brands with similar clinical outcomes is a perennial challenge. Despite successful negotiations with multiple vendors and the careful selection of optimal purchase plans, translating these efforts into actual savings poses significant hurd
Procurement Talk with David Byrne
MARCH 21, 2024
Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode, Martin Smith interviews Ben Paynter, Procurement Director of Burberry, about his journey into procurement and the challenges and opportunities in the industry. Ben shares his transition from sales to procurement and his passion for bringing non-procurement professionals into the field. … Continued The post From Sales to Procurement: Unveiling New Perspectives with Burberry’s Ben Paynter – Episo
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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.
Supply Chain Brain
MARCH 21, 2024
For Boeing board chair Larry Kellner and other board members, the initiative will provide unfiltered feedback from some of the largest airlines in the world.
Supply Chain Brain
MARCH 21, 2024
Webasto's charging systems optimize real-time power and load distribution, taking into account peak grid times, weather conditions, and surplus charging.
Supply Chain Brain
MARCH 21, 2024
3D printing is just hitting the acceptance curve for wide-scale adoption by manufacturers.
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