Thu.Dec 28, 2023

article thumbnail

Procurement & Stress

Procurement Templates

A certain amount of stress is normal in procurement, we are chasing deadlines, trouble shooting contracts, keeping stakeholders happy, therefore we need an avenue to release the stress and take steps time out to look after ourselves. The busier you are, the more it’s been recommended to take some time out to clear your mind. Sometimes, we don’t have the luxury of leaving our desks, and you can only take so many coffee breaks.

article thumbnail

AI Technology Ensures Supply Chain Integrity Beyond the Holidays

Supply Chain Brain

By adopting AI technology to analyze critical enterprise-wide contract data and gain insights into supplier practices, companies can identify red flags and deviations from compliance standards

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Neom

Procurement Templates

Have you seen the procurement jobs for Neom? Neom, a brainchild of Saudi Arabia’s visionary leadership, is an ambitious project aiming to forefront change in humanity’s future. With an estimated cost exceeding $500 billion, largely funded by Saudi Arabia’s government initiatives, Neom unfolds as a multifaceted initiative poised to revolutionize sectors globally.

article thumbnail

Supply Chain Leader Becky Simon on Having a Heart of Service

Let's Talk Supply Chain

As the year draws to a close, we can look back on all the progress women in supply chain made this year and the powerful gains ahead. 2023 marks the year women in supply chain returned to the post-pandemic workforce in full force. These advancements turned heads at the C-suite and executive level. 26% of all executives, including CSO, SVP, EVP, and CPO positions, are filled by women—an all-time high up almost 20% from a year prior.

article thumbnail

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.

article thumbnail

Daily Planner

Procurement Templates

When you sometimes just want a physical sheet that you can scribble on and a nice planner to boot. Download and print Beige-Minimalist-Daily-Planner-procuremen-templates Download You might also like Team Meeting Agenda The post Daily Planner appeared first on Procurement Templates.

article thumbnail

Adapting Supply Chains to the Digital Retail Revolution

SCMDOJO

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. Notably, social commerce entails direct buying and selling on social media platforms. According to a recent report by Global Web Index, modern shoppers distribute their attention across multiple social platforms and are increasingly likely to purchase products on their mobile devices.

More Trending

article thumbnail

Surprise! B2B Leaders Say Supply Chain Management Systems Are Most Important to the Customer Journey

SCMR (Supply Chain Management Review)

A new survey found that 87% of B2B leaders say a supply chain management system is the most important solution to offering a frictionless digital purchasing journey to customers.

article thumbnail

Retailers to Pay for U.K. Consumers’ E-waste Recycling from 2026

Supply Chain Brain

Households will be able to drop off cables and other electrical waste in-store or have home collections, says the Department for Environment, Food and Rural Affairs.

95
article thumbnail

Does technology by itself remove functional silos? Unraveling the o9 Solutions’ Barilla Press Release mystery

Procurement Insights

Over the years, I have been asked many times how can I make my clients successful? My answer has always been the same – always try to choose successful clients. The inevitable follow-up question is, what is an example of a successful client? For that answer, let’s go back to a 2007 post in this blog titled “Yes, Virginia! There is more to e-procurement than software!

article thumbnail

Cargo Ship Damaged by Russian Mine in Black Sea, Ukraine Says

Supply Chain Brain

Russia says it regards all cargo ships in the Black Sea bound for Ukraine as potential military targets, and mines remain a constant threat.

93
article thumbnail

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.

article thumbnail

Stop The Presses: Dissecting Certinal’s Latest Press Release

Procurement Insights

In a previous post, I talked about press releases – more specifically, their effectiveness in influencing prospect and new client decision-making. I then posted the following question on social media to solicit feedback from my 58,000 followers/connections: Here is a response I received on Twitter that echos the sentiments of almost every reply to my question on all mediums: David Loseby MCIOB Chtr’d FAPM FCMI FCIPS Chtr’d FRSA MIoD MICW Another industry thought leader expanded

article thumbnail

How you can transform procurement into a strategic superpower in 2024

Spend Matters

Procurement is entering an exciting new era of embedded intelligence. Technologies such as generative artificial intelligence (AI) and machine learning make possible what was only dreamt of in years past — intelligent automation, predictive procurement and exponential data processing. As generative AI and other disruptive technologies continue to accelerate in 2024, embracing digital transformation in the procurement space will be imperative for success.

article thumbnail

Spend Matters: How You Can Transform Procurement into a Strategic Superpower in 2024

Arkestro

Just how much do procurement organizations stand to gain by investing in automation tools? To find out, Arkestro conducted a field trial across three different organizations with its predictive procurement tool to analyze how impactful intelligent procurement can be, and how much savings were possible. Corey Turoff, Director of Implementation at Arkestro, explains.

article thumbnail

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

Spend Matters

Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. We are 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.

article thumbnail

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

article thumbnail

Understanding Process Cycle Efficiency and Optimizing Workflows

Pipefy

Process Cycle Efficiency (PCE) is a popular metric organizations use to measure business process efficiency by identifying areas for improvement. Understanding how this metric works is key to enhancing productivity, reducing costs, and delivering higher-quality products and services to customers. In this article, we’ll explore the idea behind the PCE concept, how it is calculated, ways to improve it, and factors that influence the metric.

article thumbnail

U.S. Lifts Ban on Imports of Latest Apple Watch

Supply Chain Brain

The U.S.'s trade body had barred imports and sales of Apple watches with technology for reading blood-oxygen levels, because of a patent row.

Import 52
article thumbnail

Total Returns in the Retail Industry Expected to Fall in 2023

Supply Chain Brain

However, the percentage of abuse and fraud impacting total returns continues to trend in the wrong direction, increasing from 10.2% to 13.

52
article thumbnail

Astra Boosts Push Into China Biotech Scene With $1.2B Buy

Supply Chain Brain

The acquisition builds on a run of deals in China for AstraZeneca, one of the most active western drug-makers in that country.

52
article thumbnail

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.