Thu.Mar 21, 2024

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Treasure Hunting with TJX

Art of Procurement

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.

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Four Benefits of Automating a Cold Storage Facility

Supply Chain Brain

Cold-storage operators today are looking for sustainable, long-term investments that can satisfy changing consumer demands, while complying with strict regulations.

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CPOs Pivot AI Focus from What’s Possible to Implementation

SCMR (Supply Chain Management Review)

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.

Strategy 109
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How Knowledge Graphs Accelerate Digital Twin Adoption for Manufacturers

Supply Chain Brain

The key to accelerating digital-twin development is through the use of knowledge graphs — machine-readable representations of the physical and digital worlds.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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10 industry reactions: FLOW’s supply chain impact, 2 years later

Supply Chain Dive

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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Transfix Rolls Out Suite of Fraud Prevention Tools for Shippers and Carriers

Supply Chain Brain

The overarching suite — dubbed Transfix Shield — includes a pair of offerings: RateCon Shield and Facility Shield.

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Intel Receives $8.5B in Grants to Build Chip Plants

Supply Chain Brain

The effort is at the center of the president’s goal to reduce America’s reliance on foreign countries.

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Katie Date on Bringing Women in Supply Chain Together

Let's Talk Supply Chain

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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Watch: A Look at Manifest 2024 - and Beyond

Supply Chain Brain

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.

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Lead Scoring: Definition, How To Score, and Lead Scoring Models

The Thomas Blog

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.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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U.S. Imposes Sanctions Against Shipping Company Allegedly Linked to Houthi Financier

Supply Chain Brain

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.

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Walmart expands supply chain transparency with 3rd milk-processing facility

Supply Chain Dive

The new owned-and-operated location will give the retailer control over its bottling and packaging process.

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France Cracks Down on Temu, Shein Amid Concerns Over Alleged Forced Labor

Supply Chain Brain

Both Temu and Shein have faced frequent allegations over forced labor at their production and manufacturing facilities.

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Flexing for the planet: How Walmart crushed its supplier emissions target

Supply Chain Dive

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.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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Types of 5G: Which one is right for your organization?

IBM Supply Chain Blog

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.

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Men and women see gender pay and promotion gaps differently: report

Supply Chain Dive

In a recent survey, men were more likely to receive title and salary increases than women — and far more likely to see equal treatment.

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Procurement 6 – March 22nd, 2024

Art of Procurement

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.

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Drought Threatens to Snarl Mississippi River Traffic for a Third Year

Supply Chain Brain

Low flows on the Mississippi could have potential impacts on those navigation and commercial interests that depend on water from the river, NOAA said.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Embracing Outsourcing: A Modern-Day Trend Through Expert Product Sourcing Agent

Procurement Freelancers

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.

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Unleashing the potential: 7 ways to optimize Infrastructure for AI workloads 

IBM Supply Chain Blog

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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3 E's of Value Creation

The Good Spending

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.

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2024 retail sales forecast calls for growth, says National Retail Federation

SCMR (Supply Chain Management Review)

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.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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Procurement 6 – March 22nd, 2024

Art of Procurement

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.

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Podcast | And Now, 3D Printing for… Submarines?

Supply Chain Brain

3D printing is just hitting the acceptance curve for wide-scale adoption by manufacturers.

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Contract Administration vs. Contract Management: How To Go from Administrating to Managing

ContractSafe

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.

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Webasto Highlights Load Management Services for EV Charging Grids

Supply Chain Brain

Webasto's charging systems optimize real-time power and load distribution, taking into account peak grid times, weather conditions, and surplus charging.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

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Savings Realization Cycle; Bridging the Gap: From Projected Savings to Realized Savings

Empowering CPO

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

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Boeing’s Board Plans to Meet Airline Chiefs Without CEO Calhoun

Supply Chain Brain

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.

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From Sales to Procurement: Unveiling New Perspectives with Burberry’s Ben Paynter – Episode 90

Procurement Talk with David Byrne

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