Mon.Jul 08, 2024

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The Advantages of Big Data Analytics in Suppliers Management

All Things Supply Chain

Traditionally, purchasing and supply management (PSM) has strongly relied on data management, as procurement managers need to dispose of, clean, and update data of different natures to compare suppliers’ performance,…

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Extreme Weather Along South African Coast Could Bring Shipping Delays

Supply Chain Brain

An intense cold front bringing snow to some areas of the country is resulting in damaging coastal winds, rains and waves that threaten infrastructure.

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Luminance: Vendor Analysis — CLM solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Luminance and its solution for contract lifecycle management (CLM). Luminance offers legal-grade AI for the full spectrum of document review, from generation and review to post-execution analysis. The Luminance AI enhances and expedites the entire contract lifecycle process, including drafting, negotiating and understanding key features of executed contracts, all while maintaining compliance.

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Digital Threads: The Path to Sustainable Manufacturing

Supply Chain Brain

Growing environmental concerns, rising consumer expectations for ethical production, and increasing regulatory pressures are pushing businesses toward sustainable operations.

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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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Canadian border agents ratify labor deal

Supply Chain Dive

The new agreement for the more than 9,000 represented employees runs through June 2026.

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Chicago Metro Area to Get First All-Water Route for Container Ships

Supply Chain Brain

Although Ports of Indiana-Burns Harbor is the 25th largest port in the U.S., all containers that travel through the Chicago area are moved by rail or truck.

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The Hidden Costs to Business of the AI Revolution

Supply Chain Brain

AI promises to save effort and time on a scale never before witnessed in human history. But to quote Serena Williams: “Everything comes at a cost. Just what are you willing to pay for it?

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Manufacturing costs to watch in the second half of 2024

Supply Chain Dive

Uncertainty in the economy is causing manufacturers to tighten their belts, as logistics and supply costs remain vulnerable.

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Possible Strike at British Columbia Ports Halted By Canada Labor Board

Supply Chain Brain

The dispute dates back to December, when DP World Canada revealed plans to automate parts of its rail intermodal yard at Vancouver's Centerm Terminal.

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AI Dime A Dozen Post Reader Reactions!

Procurement Insights

One of the AI industry’s top experts and most vocal supporters had a few things to say on LinkedIn about yesterday’s post. The following exchange not only uncovers issues that need to be discussed openly, but it also makes for pretty good reading. Paul Baier Executive Fellow @HBS and CEO of GAI Insights | We help innovative AI leaders and vendors drive value with GenAI Jon W.

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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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Watch: The Value of True Collaboration With Suppliers and Customers

Supply Chain Brain

Collaborative planning, forecasting and replenishment (CPFR) has to involve both suppliers upstream and customers downstream, says Noha Samara, senior director analyst with Gartner.

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US aims to bolster textile and apparel trade partnerships overseas

Supply Chain Dive

The initiatives aim to address supply chain sustainability, forced labor concerns and security issues in Central and South America.

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China to Escalate Probe into Imported EU Brandy in Wake of New EV Tariffs

Supply Chain Brain

China's commerce ministry has a hearing set for July 18 to look into claims that the EU has been flooding the country with brandy priced well below market value.

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Galloway Company appoints new chief operations officer

Supply Chain Dive

Troy Youngbauer has overseen the dairy product supplier’s supply chain for the last seven years.

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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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Boeing to Accept 'Sweetheart Deal' Over 737 Max Crashes

Supply Chain Brain

The DoJ gave Boeing the choice of entering a guilty plea and paying a fine or facing a trial on the felony criminal charge of conspiracy to defraud the U.S.

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Understanding the Benefits of a Computerized Inventory System with Finale Inventory | Ecommerce

Finale Inventory

In a fast-paced and competitive ecommerce environment, efficient inventory management is vital for businesses to stay ahead. Manual tracking and cumbersome spreadsheets are now outdated. It’s time to embrace the power of a computerized inventory system. One such system gaining popularity in the industry is Finale Inventory. This article covers the basics of a computerized inventory system, the role of Finale Inventory in ecommerce, the advantages of using such a system, and its impact on e

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Dangerous Supply Chain Myths Series (2007 to 2024)

Procurement Insights

2024 EDITOR’s NOTE: There is a saying that “the more things change, the more they stay the same.” Let’s travel back to 2007 and then ahead to 2024. If we replace the word ERP with Generative AI, would the 2007 predictions by CAPS, ISM, and Kearney be any different today than they were back then? In what was (and is) one of the most popular series in the Procurement Insights Blog’s history, the Dangerous Supply Chain Myths series was based on my review of the ISM, CA

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How to Create a QR Code for Asset Management with Finale Inventory | Ecommerce

Finale Inventory

QR codes have become an integral part of asset management in the ecommerce industry. These scannable codes allow businesses to efficiently track and manage their assets , ensuring better organization, improved inventory accuracy, and streamlined operations. This article discusses the role of QR codes in asset management and provides a step-by-step guide on how to create them with the help of Finale Inventory, a powerful tool designed specifically for ecommerce businesses.

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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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First Steps for Schools and Suppliers to Protect and Promote Environmental Protection and Circular Economy

Value Match

Categories Best Practice Guides Bid Management Business Case Study Circular Economy Community Story Contract for Change Cyber Security Environment and Climate Equality and Inclusion Government Buying Standards House of Commons Committee of Public Accounts Human Rights and Modern Slavery Legislation National Audit Office Reports News Procurement Best Practice Procurement Policy Notes Procurement Strategy Public Sector Library Public Sector Policy Resourcing Responsible Organisational Management S

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Order Inventory Efficiently: A Comprehensive Guide with Finale Inventory | Ecommerce

Finale Inventory

Ordering inventory efficiently is essential for the success of any ecommerce business. In this comprehensive guide, we will explore the fundamentals of inventory management and how you can optimize your processes using Finale Inventory. Whether you are an experienced online seller or just starting out, this article will provide invaluable insights to help you enhance your inventory management and boost your ecommerce operations.

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Magnus Mondays — The Procurement Data Paradox

CPO Rising

“Data is the new oil” has been spouted as a truism for a number of years. This is primarily due to the promises of all the nice things AI will do for us. But access to clean and correct data is a much more fundamental requirement than just enabling AI.

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Year-End Inventory Count Guide for Efficient Management with Finale Inventory | Ecommerce

Finale Inventory

As an ecommerce business owner, you know how important it is to stay on top of your inventory management. One of the most critical tasks you need to tackle at the end of each year is conducting a year-end inventory count. This comprehensive guide will help you understand the significance of a year-end inventory count and provide you with valuable tips and best practices to make the process as efficient as possible.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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How to Conduct an Effective Asset Audit with Finale Inventory | Ecommerce

Finale Inventory

An asset audit is an important process for any ecommerce business. It involves assessing and documenting the various assets owned by the company, including inventory, equipment, and other tangible resources. By conducting an asset audit, business owners and managers gain valuable insights into the current state of their assets, helping them make informed decisions and implement effective strategies to drive growth and profitability.

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Effective Strategies for Managing Consumables with Finale Inventory | Ecommerce

Finale Inventory

In ecommerce, effective inventory management is vital for success. If you run an online business that deals with consumables—products that are regularly used up and need to be restocked—having a reliable system in place is important. One such system that has gained popularity among ecommerce businesses is Finale Inventory. In this article, we will discuss the importance of inventory management in ecommerce, introduce the features and benefits of Finale Inventory, and outline strategies for manag