Mon.Jul 15, 2024

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Being a CPO: Probably the best job in the world

Procurement Leaders

Being a chief procurement officer might be the best job in the world. That’s quite the statement but, writing this from the grounds of Château St. Gerlach near Maastricht as Procurement Leaders’ annual CPO retreat Ovation reaches its conclusion, I’m left in no doubt that it’s one based on reality. Why? That becomes clearer when you take a moment to step back and consider the sphere of influence and scope of impact that procurement has.

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Smart Ways To Mitigate Contractor Safety Risks In Your Supply Chain 

All Things Supply Chain

As supply chains continue to grow in scope and complexity, so do contractor safety risks.

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Trending Sources

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Carhartt grows efforts to source sustainable cotton

Supply Chain Dive

The workwear brand is tapping the U.S. Cotton Trust Protocol and Better Cotton initiative in a bid for greater traceability and transparency over its supply chain.

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Watch: AI in the Supply Chain: Fact and Fiction

Supply Chain Brain

Tom Moore and Keith Moore, CEOs of, respectively, ProvisionAi and Autoscheduler.AI, talk about how AI is helping to solve problems in supply chains — and where it's more a matter of hype.

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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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Ports of Indiana to build sea container terminal

Supply Chain Dive

The terminal is slated to begin operations as early as 2026, serving industries such as manufacturing, agriculture and consumer goods.

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Empowering financial health: Enhancing working capital efficiency and early payment opportunities

Spend Matters

In the realm of modern business operations, effective financial management is not just a task, it’s the heartbeat that drives growth and sustains operations. Imagine a company navigating a complex network of supplier negotiations, payment terms and cash flow management. This is where procurement steps in as the strategic architect, shaping the path to financial optimization.

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ILA Says Threat of East Coast and Gulf Ports Strike Growing More Likely

Supply Chain Brain

ILA president Harold Daggett says threat of October 1 strike growing more likely as current contract with USMX expires September 30.

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How supply chain automation leads to increased employee retention

Supply Chain Dive

Suppliers are faced with nonstop tasks that can lead to burnout. With help from automation, employees can work more strategically.

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Six Strategies for Attracting and Retaining Drivers

Supply Chain Brain

Finding and retaining drivers is a challenge in 2024. Trucking companies lose or rehire more than 90 truck drivers for every 100 they hire over one year.

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Barkers Announce Partnership with Mandant Solutions and launch of the Barkers ERP Accelerator

Barkers Procurement

Barkers are pleased to announce its strategic partnership with Mandant Solutions , which will provide customers and prospective customers with a solution, the ERP Accelerator, to quickly and seamlessly integrate their systems with the best-in-class spend management software Coupa. Barkers are award-winning implementation partners for Coupa and are now harnessing the services of Mandant’s MATRIX technology to further accelerate digital transformations for our customers, through a simplified and a

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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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Freeport LNG Plans Phased Restart After Hurricane Damage

Supply Chain Brain

Beryl slammed into Texas on July 8, causing widespread power losses. At least four LNG cargoes were cancelled during Freeport’s outage.

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Barkers Announce Partnership with Mandant Solution and launch of the Barkers ERP Accelerator

Barkers Procurement

Barkers are pleased to announce its strategic partnership with Mandant Solutions , which will provide customers and prospective customers with a solution, the ERP Accelerator, to quickly and seamlessly integrate their systems with the best-in-class spend management software Coupa. Barkers are award-winning implementation partners for Coupa and are now harnessing the services of Mandant’s MATRIX technology to further accelerate digital transformations for our customers, through a simplified and a

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U.K., EU States to Target Russian Oil Fleet With More Checks

Supply Chain Brain

There are signs these sanctions are proving effective, at least in terms of disrupting tankers that had been moving Russian oil.

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Survey Reveals Persistent Challenges in Supplier Relationships

HICX

Supplier relationships remain strained due to a disconnect between suppliers’ needs and what buying organizations perceive those needs to be. Despite this, more organizations across various industries are starting to recognize the importance of providing a best-in-class supplier experience as a key differentiator. Our latest survey gathered insights from 1,000 suppliers serving enterprise customers in the CPG, FMCG, Aerospace and Defense, and Energy sectors.

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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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Exploring the Best Inventory Management Software for 2024 | Ecommerce

Finale Inventory

Inventory management is a key aspect of running a successful ecommerce business. As businesses continue to grow and expand their product offerings, efficient inventory management becomes even more important. In this article, we will review the best inventory management software options for 2024 and discuss the key features to look for in these solutions.

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Unlock the Power of Referrals: A Step-by-Step Guide to Boosting Your Business Growth

Procurement Express

As a business owner, you’re always looking for ways to grow your customer base and drive more sales. While traditional marketing channels like paid advertising can be effective, they can also be costly and time-consuming. That’s where referrals come in – they offer a powerful, cost-effective way to tap into your existing customer base and generate new leads.

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Inventory Control Simplified: Free Downloadable List Templates | Ecommerce

Finale Inventory

Inventory control is a vital aspect of running a successful ecommerce business. By effectively managing your inventory, you can avoid shortages, overstock situations and minimize the risk of financial loss. Utilizing free downloadable list templates can streamline the process and ensure smooth operations for your business. Understanding the Importance of Inventory Control in Ecommerce Inventory control plays a pivotal role in the overall success of any business, particularly in the ecommerce ind

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SRO Software Ltd Launches Rubberstamp.io: Simplified Purchase Order Management

Procurement Express

Dublin, Ireland – [12 July 2024] – SRO Software Ltd, the leading provider of purchasing software solutions, is proud to announce the launch of Rubberstamp.io, a simplified and affordable purchase order management software designed specifically for small businesses. With Rubberstamp.io, companies can now enjoy full transparency and control over their spending, enhancing efficiency and security in their purchasing processes.

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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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Unlocking a Strong Inventory Turnover Ratio: Definitions and Formulas | Ecommerce

Finale Inventory

In today’s ecommerce landscape, maintaining a robust inventory turnover ratio is essential for businesses to thrive. The inventory turnover ratio is a key metric that measures the efficiency of a company’s inventory management. By understanding and optimizing this ratio, ecommerce businesses can streamline their operations, improve cash flow, and maximize profitability.

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Unlocking the Tax Advantages of Setting Up an Irish Company: A Guide for International Businesses

Procurement Express

Exploring the Benefits of an Irish Corporate Structure As businesses expand their global reach, the decision to establish an Irish company can offer significant tax advantages and operational efficiencies. Whether you’re based in the UK, the US, or the Middle East, Ireland’s favorable corporate tax rate and strategic location within the European Union make it an attractive destination for international companies looking to optimize their tax obligations and streamline their European

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Understanding Just in Time (JIT) Inventory: Definitions and Benefits for 2024 | Ecommerce

Finale Inventory

In the fast-paced ecommerce environment, efficient inventory management plays an important role in ensuring smooth operations and customer satisfaction. One inventory management strategy that has gained significant popularity is Just in Time (JIT) inventory. In this article, we will examine the concept, benefits, potential challenges, and future trends of JIT inventory in the context of ecommerce in 2024.

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Legislation and IoT: The Dynamic Duo to Combat ORC

Supply Chain Brain

The convergence of technology and legislation offers a multi-faceted approach to combating organized retail crime.

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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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Magnus Mondays — Random Summer Rants

CPO Rising

As I prepare to head out for summer vacation, I thought I’d wrap up the first half of 2024’s “Magnus Mondays” articles with a selection of smaller random rants. For those who know me or have followed my writing over the years, none of these should come as a surprise.

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Senator: Shein’s Supply Chain Tech Could ‘Subvert U.S. Interests’

Supply Chain Brain

Senator Tom Cotton requested the Biden administration provide a plan to protect Americans’ data from Shein, and identify whether Shein is complying with U.S. laws.

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Walmart Canada debuts hydrogen truck

Supply Chain Dive

The Nikola tractor contributes to the retailer’s goal of a 100% alternatively powered fleet by 2028.

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