Procurement Templates
FEBRUARY 26, 2024
How can Neuroplasticity help procurement professionals? It helps those who might think this is who I am, the way I think can’t be changed its innate, my thought process, my beliefs and I can’t or don’t want to change. However, there are times where being stuck with our own version of the truth with no divergence for alternative ways of thinking is too singular and too restrictive.
Procurement Leaders
FEBRUARY 26, 2024
A few weeks ago, a LinkedIn post from one of our members provided a tantalising and hopeful glimpse into the future. This might be a bold claim but when Amanda Davies, Chief Procurement & Sustainability Officer at Mars Wrigley, announced that she was adding R&D to her remit to become Chief R&D, Procurement & Sustainability Officer, it provided a welcome reminder of the opportunity we have as a function.
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All Things Supply Chain
FEBRUARY 26, 2024
The global supply chain landscape is experiencing a significant shift, with more and more companies looking to bring production and manufacturing activities closer to home.
Spend Matters
FEBRUARY 26, 2024
This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. The Pareto principle, named after the Italian economist and sociologist Vilfredo Pareto, states that if focused properly, 20 percent of one’s actions leads to 80 percent of the results. Procurement teams commonly follow this principle to prioritize activities and define focus areas to maximize return on investment.
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Supply Chain Brain
FEBRUARY 26, 2024
Integrating AI and digital twins is actually quite useful and simple. Here are five ways these technologies can revolutionize warehouse operations in 2024.
Spend Matters
FEBRUARY 26, 2024
Part 3 of this Spend Matters Vendor Analysis 2024 focuses on delivering a detailed look into Fairmakit’s sourcing solution and concludes with an analyst summary. Part 1 delivers an overview of the company’s background, its general capabilities, a SWOT analysis and the competitive landscape. Part 2 looks at the solution’s strengths and weaknesses and offers user considerations.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Dive
FEBRUARY 26, 2024
Second Chance Program filled a role few individuals wanted and gave a now-former inmate a fresh start.
IBM Supply Chain Blog
FEBRUARY 26, 2024
The financial services industry has been in the process of modernizing its data governance for more than a decade. But as we inch closer to global economic downturn, the need for top-notch governance has become increasingly urgent. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover?
Spend Matters
FEBRUARY 26, 2024
Part 2 of this Spend Matters Vendor Analysis 2024 focuses on the strengths and weaknesses of Fairmarkit’s sourcing solution. It also suggests elements to consider when looking at Fairmarkit as a potential option. Part 1 of the series provides a history and overview of Fairmarkit’s sourcing solution, a company-level SWOT analysis and profiles of its competitors.
Supply Chain Dive
FEBRUARY 26, 2024
Members, such as Boeing and Airbus, formed the group after a supplier was caught selling unapproved parts.
Advertiser: GEP
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.
IBM Supply Chain Blog
FEBRUARY 26, 2024
Network service outages happen. It’s not a matter of if but when. Cloud platforms and content delivery networks (CDNs) with 100% uptime SLAs aren’t immune. They experience outages just like everything else. The question is: what do you do when one of your network services goes down? Will the lack of redundant services knock you offline? Or will you failover to another provider, maintaining a seamless user experience?
Supply Chain Brain
FEBRUARY 26, 2024
The James Beard Foundation has launched a campaign to bring chefs and farmers to D.C. to engage with Congress and share more about the mounting climate challenges they face.
Supply Chain Dive
FEBRUARY 26, 2024
The retail giant's CFO credited the improvements in part to "densifying the last mile" by delivering more packages per route.
Supply Chain Trend
FEBRUARY 26, 2024
Hi all, Next week Tuesday March 5th, I’ll be holding a webinar about moving from Data Centric to Decision Centric thinking. Decision Centricity is a key element of decision intelligence. Only when you think decision back, you can orchestrate the whole data to action process, digitize it and then augment or automate decisions. If you only think data forward, you can’t operationalize decisions at scale.
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
Procurement Insights
FEBRUARY 26, 2024
“It’s very important to understand what motivates the person across the table from you,” says Ms. Gamble of the skills she learned while working for the border agency. – Shauna Gamble, The Globe And Mail (February 20th, 2024) In an article rich with insights such as the importance of having mentors, taking risks, and broadening your work experience beyond the procurement department, the common thread of success is the ability to understand what motivates the people with whom you work and d
SCMR (Supply Chain Management Review)
FEBRUARY 26, 2024
Nearshoring efforts and climate impacts regularly disrupting supply chains are just two of the challenges facing the life sciences supply chain, and lives are at stake if it fails.
Supply Chain Brain
FEBRUARY 26, 2024
The supply chain problems are expected to be exacerbated next month as China begins shipping again in earnest after its annual pause for the two weeks of lunar new year celebrations.
Let's Talk Supply Chain
FEBRUARY 26, 2024
Today I’m joined by award-winning supply chain brand OneRail. OneRail is a leading omnichannel fulfillment solution, pairing best-in-class software with logistics as a service, to provide dependability and speed to help businesses meet their delivery promise. With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses.
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.
Supply Chain Dive
FEBRUARY 26, 2024
Rail demurrage fees can eat into your bottom line. Here are four steps you can take to avoid demurrage fees today.
Supply Chain Brain
FEBRUARY 26, 2024
As grocery retailers navigate inflation and workforce retention, optimizing supply chains and pricing strategies becomes crucial.
Barkers Procurement
FEBRUARY 26, 2024
In 2012 I read a life-changing book called Collapse – Why Civilisations Choose to Fail, by Jarrod Diamond. The book discussed societies such as Easter Island and posed the question – what was the collective reasoning for consuming the entire island’s timber stocks and thus condemning a society to fail? Within the book Diamond also went on to discuss current day Australia, China and humanity’s insatiable appetite for consumption.
Supply Chain Brain
FEBRUARY 26, 2024
The U.S. planemaker was faulted for ineffective procedures and a breakdown in communications between senior management and other members of staff.
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ContractSafe
FEBRUARY 26, 2024
All the data we have seen, including our own research for our confirms that you’re in good company if you are feeling overwhelmed by contracting volumes. The vast majority of Legal teams are desperately seeking ways to solve the challenge of having limited capacity to scale. Everyone in this boat is hoping for a magic bullet to reduce the legal workload and increase business satisfaction.
Negotiations Ninja
FEBRUARY 26, 2024
While Mario Martinez was with Sprint, he’d been working with a Fortune 10 company for years. He built out a wireless infrastructure in their corporate offices. He created a system where employees could become customers through an online portal versus paper forms.
Supply Chain Brain
FEBRUARY 26, 2024
Oil deliveries have generally become more long-distance since a reshuffling of global oil flows following Russia’s invasion of Ukraine.
CPO Rising
FEBRUARY 26, 2024
In last week’s article, we looked at what makes direct materials special and their unique established requirements, particularly when focusing on eSourcing. In today’s article, we continue to investigate direct materials management, or perhaps more specifically, the management of direct materials suppliers and the solution functionality to properly manage them.
Advertiser: GEP
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.
IBM Supply Chain Blog
FEBRUARY 26, 2024
In January of 2024, Meta CEO Mark Zuckerberg announced in an Instagram video that Meta AI had recently begun training Llama 3. This latest generation of the LLaMa family of large language models (LLMs) follows the Llama 1 models (originally stylized as “LLaMA”) released in February 2023 and Llama 2 models released in July. Though specific details (like model sizes or multimodal capabilities) have not yet been announced, Zuckerberg indicated Meta’s intent to continue to open sou
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