Mon.May 13, 2024

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CPO Crunch: The world’s best procurement gathering

Procurement Leaders

Over the course of the coming week, large swathes of the global procurement community will congregate in London to collaborate, challenge, celebrate and learn at the World Procurement Congress. It’s a hugely energising experience – an opportunity to inhale knowledge, grow networks, and challenge our current beliefs, approaches and trajectories. This year’s agenda is world-class in every sense, featuring a diverse group of speakers – from a who’s who of the global CPO community to four-time Olymp

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Energy Conservation and Environmental Regulations in Warehousing

All Things Supply Chain

Warehousing is an essential part of modern supply chain management, serving as a pivotal hub for storage, sorting and distributing goods.

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How rethinking RFPs has enabled an energy firm to harness new sources of innovation

Procurement Leaders

Challenge With global energy demand on the rise and fossil fuels continuing to make up most of the world’s power consumption, cutting emissions in the energy sector represents a formidable task. What’s more, the pathways for companies to reach net-zero are not necessarily clear. The scale and complexity of the challenge is such that businesses are looking far and wide for answers to it.

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USPS plans 25% average price hike for Parcel Select shippers

Supply Chain Dive

The ground delivery offering has been the target of controversial changes that would impact key shipping partners like DHL eCommerce and Pitney Bowes.

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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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Outpacing Disruption by Regionalizing Supply Chains

Supply Chain Brain

Gartner predicts that by 2028, 70% of companies will adopt regionally diversified supply chain models to improve network resiliency in the face of ongoing global disruptions.

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UPS and FedEx battle over small business customers while Amazon looms

Supply Chain Dive

The delivery rivals are fighting to gain share in the lucrative volume segment as their relationships with larger shippers evolve.

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Shippers, forwarders jump on air cargo peak season planning

Supply Chain Dive

The race to secure market share is driven by looming e-commerce demand and upheaval to rate changes sparked by conflict in the Red Sea.

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Corcentric Platform: Vendor Analysis (Part 2) — S2P product level strengths and opportunities, competitors and market analysis, user considerations, voice of the customer, analyst commentary and summary

Spend Matters

Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Corcentric Platform’s source-to-pay (S2P) solution. It also looks at customer reviews and the elements to consider when looking at Corcentric Platform as a potential solution provider. Part 1 of the series provides a history and overview of Corcentric Platform’s S2P solution and the solution’s roadmap/vision.

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Walmart streamlines fulfillment with third consolidation center

Supply Chain Dive

The facility places suppliers' less-than-truckload shipments into truckload hauls before sending them off to regional distribution centers.

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Faulty Warehouse Upgrade Leaves Australia's Woolworths Shelves Bare

Supply Chain Brain

Woolworths locations across Southeast Queensland reported shortages of fresh items like bread, milk, fruit, and poultry, after an upgrade to their WMS went awry.

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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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Corcentric Platform: Vendor Analysis (Part 1) — S2P solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Corcentric Platform and its source-to-pay (S2P) solution. In the ever-evolving landscape of business operations, organizations are constantly seeking ways to enhance efficiency, reduce costs and streamline their processes. For procurement professionals, the one-stop-shop offered by source-to-pay (S2P) solutions can be invaluable.

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Generative AI is a looming cybersecurity threat

Supply Chain Dive

Cybercriminals are focused on ransomware, business email compromise and cryptojacking right now, but a recent report from IBM X-Force thinks AI and ChatGPT could be next.

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Candor Introduces Reusable Cold Packaging for Shipments

Supply Chain Brain

The company says that, by consolidating deliveries of perishable and dry goods in one truck, food manufacturers, distributors and retailers can eliminate the costs of multiple deliveries.

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Crucial Tips for Maximizing Global Sourcing Services

Procurement Freelancers

Imagine fully utilizing the enormous resources and skills available worldwide for your company. Efficient worldwide… The post Crucial Tips for Maximizing Global Sourcing Services first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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What EU Sanctions on Russian LNG Would Mean for Global Gas

Supply Chain Brain

If approved, the measure would likely trigger contractual challenges for European logistics firms and political backlash from other gas-buying nations.

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Scaling generative AI with flexible model choices

IBM Supply Chain Blog

This blog series demystifies enterprise generative AI (gen AI) for business and technology leaders. It provides simple frameworks and guiding principles for your transformative artificial intelligence (AI) journey. In the previous blog , we discussed the differentiated approach by IBM to delivering enterprise-grade models. In this blog, we delve into why foundation model choices matter and how they empower businesses to scale gen AI with confidence.

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Watch: What’s Fueling the Shift of Manufacturing to Mexico?

Supply Chain Brain

Carlos Sugich, partner at the law firm of Snell & Wilmer, discusses the factors that are causing manufacturers to nearshore production in Mexico.

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The National Program of IT as the Alter-Ego of Procurement

The Good Spending

" One of the worst and most expensive contracting fiascos in the history of the public sector." Some real-life cases only require a little reflection to understand that the project was predefined for failure well before its launch. Can we make appropriate conclusions to prevent that from happening again? The first step is to deepen our study of such cases beyond populistic cliches.

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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.

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IT Professionals Say Businesses Are 'Ill-Prepared' For Supply Chain Cyber Threats

Supply Chain Brain

Hexnode estimates that 33% of organizations fell victim to cyberattacks over the last year alone.

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Why it’s time to accelerate solar supply chain onshoring

Supply Chain Dive

Industry stakeholders want a stronger domestic solar supply chain to support ongoing innovation.

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U.S. Supply Chain Activity Slows in April Amid Mix of Factors

Supply Chain Brain

According to S&P Global, seaborne containerized freight imports into the U.S. rose by 8% year-over-year in April.

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How Persuasive Storytelling Can Transform Your Negotiation Skills

Negotiations Ninja

When it comes to negotiation, persuasive storytelling is an important skill to have in your repertoire. It can help you engage your audience, encourage trust, and ultimately, get potential clients past the finish line. With the help of Negotiations Ninja’s persuasive storytelling resources, you’ll master the fine art of persuasive storytelling in no time.

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The Ultimate Guide to Transportation and Load Building Optimization

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.

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Protestors Storm German Tesla Factory

Supply Chain Brain

Tesla has attracted intense backlash since the company opened the factory in March 2022, and later announced plans to expand into a nearby forest to increase its production capability.

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From Ariba to Zycus: Looking at providers in 2024 through a 2005 Lens

Procurement Insights

EDITOR’S NOTE: This is the second installment in a series that will accomplish the following three things: If you are a provider, this post will cause you to do some real soul-searching about why you are “really” in business. If you are a practitioner, this post will provide you with an infallible screening process to determine if the provider you are considering will “actually” enable you to succeed.

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Controlled Explosions Used to Demolish Baltimore Bridge

Supply Chain Brain

Baltimore Port officials said they hoped to move the Dali within two days.

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Magnus Mondays — Are RFPs For Procurement Technology Really Effective?

CPO Rising

Today’s topic might seem a little ironic given that analysts are infamous among technology providers for issuing long and demanding questionnaires about everything under the sun. But for a buying organization, there are several issues with trying to select, or even shortlist, solution providers based on RFPs.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

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.

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Upskilling and reskilling for talent transformation in the era of AI

IBM Supply Chain Blog

Artificial intelligence (AI) represents a once-in-a-lifetime change management opportunity that might decide who wins and losses across every industry. As the AI era takes shape through digital transformation initiatives, executives and employees alike are contemplating how it affects employment and the skills needed to stay ahead. This is where AI upskilling and reskilling come into play.

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