Wed.Mar 06, 2024

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When Procurement Bear Fruit

Procurement Templates

Ok, so we all agree that us procurement people are powerhouses to yield good results, well most of the time! We all love a good simile or metaphor or what ever it is, and they can be quite useful in getting down to the core qualities of something in one fell swoop. In a busy department, when trying to get to know your workmates, there is good way of getting to know each other, what fruit would you be?

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PepsiCo’s Supply Chain Journey to ‘Always Everywhere’

SCMR (Supply Chain Management Review)

PepsiCo is known for its iconic food and beverage items, but it required partnering with other organizations to truly remake its supply chain on a journey to be “always everywhere” for its customers.

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Finally, the Logistics Industry Embraces Modernity

Supply Chain Brain

Industry consolidation will continue this year as a proving ground for companies’ tech. Two thousand twenty-four will be the year our industry begins to realize the promises of modernity.

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Ocean Network Express teases network changes for 2025

Supply Chain Dive

The shipping line’s CEO also said he expects the maritime industry to settle for four alliances instead of three moving forward.

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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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ProcureCon IT Sourcing 2024 To Convene Industry Leaders in Boston, MA

Supply Chain Brain

ProcureCon IT Sourcing invites leading IT sourcing executives to attend the premier peer-led conference for senior-level procurement professionals in the IT sourcing community.

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Port of Virginia to welcome additional larger ships

Supply Chain Dive

The East Coast port widened its shipping channel, which is set to reduce port stays for container vessels by up to 15%.

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SEC drops scope 3 emissions from final climate disclosure rule

Supply Chain Dive

The agency scaled back reporting requirements for scope 1 and 2 and will take a phased approach to the new mandates.

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The Empathy Challenge Facing the Transport Industry

Supply Chain Brain

Empathetic leadership is so much more than leaders saying caring words. It’s about taking the time to listen to and understand, then following up with meaningful actions.

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Meet AI in Risk Management

Spend Matters

Artificial intelligence (AI) comes in many forms and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles, we explore the current state of AI in procurement technology. Today we cover the Risk Management market. We give an overview of its capabilities, a high-level market outline and an introduction to the emerging field of GenAI.

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AutoZone makes headway on ‘mega hub’ growth for fast store fulfillment

Supply Chain Dive

The auto parts retailer is halfway toward its goal of opening 200 of these stores, which can replenish inventory at nearby locations.

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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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Cloud migration best practices: Optimizing your cloud migration strategy 

IBM Supply Chain Blog

As businesses adapt to the evolving digital landscape, cloud migration became an important step toward achieving greater efficiency, scalability and security. Cloud migration is the process of transferring data, applications and on-premises infrastructure to a cloud computing environment. This shift involves a fundamental change in the way a company operates.

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The Home Depot leans on distribution centers to deliver pro orders

Supply Chain Dive

Not shipping from stores helps reduce the amount of time associates have to spend picking, packing and staging items, Senior EVP Ann-Marie Campbell said.

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PortPro Launches New Carrier and Brokerage TMS Solutions for Drayage Industry

Supply Chain Brain

Technology aims to help drayage companies operating both asset and non-asset divisions.

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The Indispensable Role of Human Trainers in the AI-Dominated Training Landscape

Shapiro Negotiations Institute

In an age where artificial intelligence (AI) is helpful in almost every aspect of our lives—from enhancing training simulations to automating the scheduling of meetings—it’s easy to be in awe of the efficiency it brings. Yet, amidst this technological marvel, the value of human interaction, especially in the realm of learning and development, remains unparalleled.

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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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Boeing Faulted for ‘Absurd’ Lack of Cooperation in U.S. Probe

Supply Chain Brain

The accusation is that no documents exist at Boeing to explain how the airplane left its factory missing bolts that would have prevented the accident in the first place.

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What’s new in Fraxion: AP automation

Fraxion

We’re excited to announce the latest feature release and optimization to our procure-to-pay suite. Introducing Fraxion AP automation , an AI-powered tool, engineered to reduce the time and costs associated with accounts payable processes.

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Your Business Guide to Outsourced Procurement

Una

Your Business Guide to Outsourced Procurement A comprehensive guide to outsourced procurement and the benefits of working with a group purchasing organization to save money, time, and effort. Download Full Guide Introduction Everyone outsources. Outsourcing is something we all do in our daily lives, often without even realizing it. From hiring a plumber to fix a leaky faucet to ordering takeout instead of cooking dinner, people commonly outsource tasks to save time, reduce stress, or simply beca

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Property Regeneration Client – Procurement as a Service

Barkers Procurement

This property regeneration clientselected Barkers to conduct a maturity assessment and benchmark of its existing procurement capability. The client has no central procurement function, with each business unit conducting its own procurements, from business requirement through to contract expiration. The assessment focused on a root cause analysis, proposed solutions, blueprint Target Operating Model, with quick win and longer-term recommendations.

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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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Procurement News — March 6, 2024

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders! Contact us with your news story here. Procurement Executive News Bonnie Kahakui Nominated to Lead Hawaii’s State Procurement Office HONOLULU — Governor Josh Green, M.D.

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Three People Killed in Latest Vessel Attack Near Yemen’s Coast

Supply Chain Brain

The Yemen-based Houthi described the carrier as “a U.S. ship,” which its owners and the Biden administration said isn’t true.

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9 ways developer productivity is boosted by generative AI

IBM Supply Chain Blog

Software development is one arena where we are already seeing significant impacts from generative AI tools. The benefits are many, and significant productivity gains are currently available to enterprises that embrace these tools. A McKinsey study claims that software developers can complete coding tasks up to twice as fast with generative AI. The consulting firm’s research found, unsurprisingly, that complex coding tasks were not severely affected by the use of generative AI, so worries a

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