Fri.Jan 05, 2024

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Red Sea attacks: Ocean shipping rates jump more than 50% in key lanes

Supply Chain Dive

Rates from Asia to the U.S. East Coast reached $3,900 per FEU in the past week, with additional surcharges to start this month, according to Freightos.

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Procurement Jobs And How To Get Hired

Procurement Templates

UK Agencies, not in any particular order: Michael Page Procurement & Supply Chain Bramwith Consulting Hays Procurement 1st Executive Procurement PeopleCloud Portfolio Procurement Procurement Heads Edbury Daley Reed Procurement & Supply Chain Barclay Meade Procurement & Supply Chain Standing out in a job application process can be challenging, but it’s definitely possible.

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Consumers could return $82.1B worth of holiday merchandise, survey finds

Supply Chain Dive

To address the rising cost of returns, 44% of retailers have increased return or restocking fees, according to CBRE and Optoro.

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Contract Management Responsibilities Checklist

Procurement Templates

Creating a comprehensive contract management checklist involves several key steps to ensure effective oversight and compliance. Here’s a detailed checklist you can use: Contract Initiation: Define contract objectives and requirements. Identify stakeholders and their roles. Establish contract terms and conditions. Preparation and Drafting: Create a draft reflecting agreed-upon terms.

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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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JD.com’s logistics arm launches international express delivery service

Supply Chain Dive

The China-based e-commerce company is expanding the reach of its logistics service into North America and Europe.

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69% of Employees Said They Experienced Burnout in 2023

Supply Chain Brain

71% of employees said burnout impacted their work with 45% saying they’re not as enthusiastic as they could be, while another 26% said they only performed their required responsibilities.

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More Trending

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New Year Insights for the procurement solutions and services marketplace 2024: Sphera

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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ONE Launching Service Between Georgia and West India

Supply Chain Brain

The new offering, consisting of nine vessels, will provide the Georgia Ports Authority with access to ten services via the Suez Canal, including nine routes to the Indian subcontinent.

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Q4 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 15 vendors

Spend Matters

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

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A brief history of cryptography: Sending secret messages throughout time

IBM Supply Chain Blog

Derived from the Greek words for “hidden writing,” cryptography is the science of obscuring transmitted information so that only the intended recipient can interpret it. Since the days of antiquity, the practice of sending secret messages has been common across almost all major civilizations. In modern times, cryptography has become a critical lynchpin of cybersecurity.

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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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Disruption Challenges Procurement Leaders to Steady Supply Chains

SCMR (Supply Chain Management Review)

Disruption has significantly altered the landscape for procurement leaders, challenging their ability to maintain stable supply chains and make strategic decisions. There are some options, though, to help mitigate the challenges.

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To succeed today, solution providers must “lower Everest and raise the ease of transition and integration”

Procurement Insights

EDITOR’S NOTE: One of the most frequent questions I receive from solution providers is: what are the obstacles to landing new clients, and how do we address them? If you are a solution provider asking that same question, here is what I would write to you: Dear Service Provider. If someone said, “I would give you a million dollars to climb Mount Everest or five thousand dollars to jog up and down a small hill,” what would you choose?

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Navigating Global Challenges: Mastering Product Procurement In Today’s Economy

Procurement Freelancers

In today’s fluctuating economic environment, as a product sourcing expert, you hold a critical position:…

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Demand Generation vs. Lead Generation: Key Differences and Similarities

The Thomas Blog

The distinction between demand generation vs. lead generation is important but not always obvious. Demand generation matches people with the right product or service. As a business owner, you help the audience realize that your product or service fits their needs. On the other hand, lead generation means attracting prospects to your business. Once you’ve got their attention, you nurture and convert them into paying customers.

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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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No-Code Automation: Definition and Top 5 Tools

Pipefy

What is no-code automation? No-code automation refers to software platforms that empower businesses to automate manual or repetitive work for efficiency and cost savings. It optimizes workflows with intuitive, user-friendly interfaces for those with no previous coding knowledge or experience. Process automation is one of the most effective ways to leverage no-code technology because of its capacity to save resources.

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The 12 Best B2B Lead Generation Strategies and Tactics

The Thomas Blog

B2B (business-to-business) lead generation strategies are designed to identify and attract potential business customers or clients. The idea is to help your business find qualified leads and convert them into paying customers by building a robust lead pipeline. Lead generation. Image Credit: Shutterstock.com/Olivier Le Moal Your efforts can encompass content marketing, email marketing, and social media marketing among other tactics.

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Enhance Decision-Making and Efficiency with Process Tracking

Pipefy

Businesses are constantly seeking new methods to improve their operations. To optimize performance, accountability, and compliance, one method many choose is optimizing their process tracking. This gives companies the means to lay out and orchestrate every process, system, and workflow, all of which are tightly interconnected with the common goal of creating a product.

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Lead Prospecting: Meaning, Strategies, and Benefits

The Thomas Blog

Lead prospecting refers to the process of identifying and qualifying potential customers or clients who are likely to be interested in a product or service. The goal of lead prospecting is to generate a list of potential customers who can be targeted for marketing and sales efforts. Effective prospecting goes beyond just building a customer pipeline; it establishes you as a reliable advisor and enables a focused approach to the right accounts.

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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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How to Use HR Chatbots for Enhanced Efficiency and Employee Engagement

Pipefy

As artificial intelligence (AI) advances continue, an ever-growing number of workplaces are adopting them as enhancements to their existing process management systems. The human resources (HR) sector is no different. HR analysts often seek new ways to better serve their workforce while maintaining a reasonable workload and conserving IT resources. The answer many have discovered is the AI-powered chatbot.

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Best of 2023: CPO Rising Listicle — Four ESG Issues CPOs Must Manage

CPO Rising

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2023 articles as we reflect on the year and prepare for the new year ahead. Fridays (in 2023) means that it’s time for another CPO Rising Listicle.