Mon.Jul 29, 2024

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CPO Crunch: Together, Better, Further, Stronger

Procurement Leaders

Last month, I spoke about how important it is for companies to collaborate with one another – and, of course, with their suppliers – if they are to make meaningful progress on reducing their Scope 3 footprint. As members of Procurement Leaders’ Risk and Sustainability Strategy Cohort gathered last week to discuss this topic in more depth, a sustainable procurement executive at one chemicals company illustrated both the scale of the challenge – and the potential power of thinking collaborativel

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Parcel delivery provider Maergo shuts down

Supply Chain Dive

The startup struggled amid more aggressive pricing from top carriers, former employees said on LinkedIn.

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Connected Workers: Key to Closing the Manufacturing Skills Gap

Supply Chain Brain

The manufacturing industry is at a critical juncture, as it struggles to cope with a crippling labor shortage and skills gap.

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Ocean shippers need contingency plans now, experts say

Supply Chain Dive

Diversifying port usage and improving visibility are among the tactics supply chains should deploy.

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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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EU Cases of Olive Oil Fraud and Mislabeling Hit Record High

Supply Chain Brain

The incident reports included oils contaminated with unauthorized substances such as pesticides, mineral oils and one case where glass fragments were discovered.

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Airbase: Vendor Analysis (Part 2) — Procure-to-Pay product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary

Spend Matters

Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Airbase’s procure-to-pay (P2P) solution. It also examines customer reviews and the elements to consider when looking at Airbase as a potential solution provider. Part 1 of the series provided a history and overview of Airbase’s P2P solution as well as the roadmap/vision for the solution.

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Airbase: Vendor Analysis (Part 1) — Procure-to-Pay solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Airbase and its solution for AP automation, corporate card and expense reimbursement solutions. Since we last covered Airbase in 2021, the vendor has grown immensely, including the release of a guided procurement solution last year. Airbase is an all-in-one spend management platform that primarily targets the US mid-market with its solutions for AP automation, expense management, corporate cards and guided procurement.

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Fashion Opens the Doors to ‘Econogy’: When Sustainability Yields Economic Benefits

Supply Chain Brain

A challenging economy, coupled with the need to focus on sustainability, are driving change within fashion companies.

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Hiring, evaluation bias can derail DEI goals

Supply Chain Dive

A framework from the Conference Board offers a way to foster inclusion and control for legal risk.

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Stormy Weather in South Africa Splits Apart Beached Cargo Ship

Supply Chain Brain

During a recent storm, 22-foot-swells slammed into the vessel every 15 seconds, cracking the hull and breaking the ship into four pieces.

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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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CPO Rising: Three Areas Where AI Can Help You Today

Arkestro

[**Over the next few weeks, we’ll be running “best of” Magnus Mondays posts, reprising some of the most popular topics of the series. Magnus returns with new content in August.

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Toyota Plans for New EV Battery Plant on Japan's 'Silicon Island'

Supply Chain Brain

The new facility will provide EV batteries for Lexus vehicles made at Toyota's Miyata plant roughly 25 miles away.

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Spend Analysis Approaches and Software Explained

Art of Procurement

There is no shortage of spend analysis solutions available on the market today. With so many options to choose from, The post Spend Analysis Approaches and Software Explained appeared first on Art of Procurement.

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Loss of Coastal Freighter a 'Major Blow' to New Zealand Supply Chain

Supply Chain Brain

Pacific Shipping plans to withdraw from service two container vessels — the MV Moana Chief and MV Takutai Chief — which move goods among several ports in New Zealand.

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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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What is Spend Cube Analysis? Including Power BI Example

Art of Procurement

As a procurement professional, you need to be able to analyze and understand your organization’s spending patterns in fine detail. The post What is Spend Cube Analysis? Including Power BI Example appeared first on Art of Procurement.

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Denso Bets on Automation as Climate Change Threatens Food Supply

Supply Chain Brain

The market is growing for industrialized greenhouses capable of providing fresh produce consistently amid climate change as well as shortages of workers.

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Optimal Storage Solutions for Medical Supplies: A Comprehensive Guide by Finale Inventory | Ecommerce

Finale Inventory

Proper storage of medical supplies is vital for ensuring the quality and integrity of these important items. This guide covers the importance of proper storage for medical supplies and discusses various storage solutions to help you optimize your inventory management. Whether you are a healthcare facility, a pharmacy, or an online retailer, this guide offers valuable insights to help you streamline your storage processes.

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Where have you gone, Larry Winget – Procurement’s version of Joe Dimaggio

Procurement Insights

Does procurement, more specifically ProcureTech, need a Larry Winget more than ever! I have shared the virtual airwaves with Larry, and he even wrote a positive review of one of my books. In short, the gentleman who is known as the Pitbull of Personal Development, the star of a popular A&E television show, and the author of New York Times and Washington Post bestselling titles like “They Call It Work For A Reason” and “Grow A Pair” may be retired, but his presence liv

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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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Top 4 Auto Shop Organization Tips for Efficiency with Finale Inventory | Ecommerce

Finale Inventory

If you’re running an auto shop, organization is key to ensuring smooth operations and maximizing efficiency. By implementing these top four organization tips and utilizing Finale Inventory, you can streamline your processes and provide better service to your customers. Additionally, integrating ecommerce into your operations can open new doors for growth and expansion.

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Your answer to these 3 questions will determine if your AI initiative will succeed or fail

Procurement Insights

September 2005 – The case study of a major U.S. retailer purchasing Indirect Materials is interesting as their cost savings and access to innovation steadily declined when their core supply base was rationalized down to 100 suppliers. The decline was due to the retailer’s narrowing of its source of truth to 100 suppliers. In short, they lost touch with the market in general.

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Effective Tool Tracking with Barcodes: A Comprehensive Guide by Finale Inventory | Ecommerce

Finale Inventory

Effective tool tracking is vital for any successful ecommerce business. By efficiently managing your tools, you can streamline operations, improve productivity, and reduce costs. One powerful tool for achieving this is barcode technology. In this comprehensive guide, we will discuss the importance of tool tracking in ecommerce, the role of barcodes in this process, and the benefits of implementing barcode systems.

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Magnus Mondays (Reprisal) — Three Areas Where AI Can Help You Today

CPO Rising

[**Over the next few weeks, we’ll be running “best of” Magnus Mondays posts, reprising some of the most popular topics of the series. Magnus returns with new content in August.

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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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Optimize Inventory Management: A Comprehensive Guide to Conducting ABC Analysis with Finale Inventory | Ecommerce

Finale Inventory

In the realm of e-commerce, effective inventory management is pivotal for your business’s success. It ensures that you have the right products available at the right time to meet customer demand, while also minimizing excess inventory and associated costs. ABC analysis is a valuable tool that can assist you in achieving optimal inventory management.

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AI Automation: What It Is And How To Use It

Pipefy

What is artificial intelligence (AI) automation, and how do we implement it? AI mimics human thought and perception at accelerated speeds. With its ever-evolving algorithms, natural language processing (NLP), and machine learning (ML), AI is getting better at filling the gaps between needs and resource availability. Because of its ability to quickly analyze and interpret vast stores of data, AI can be an invaluable tool for automation and process optimization.

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Dealer vs. Distributor: Understanding Vendor Types with Finale Inventory | Ecommerce

Finale Inventory

In ecommerce, selecting the right vendors is vital for your business’s success. Proper inventory management and order fulfillment hinge on understanding the different vendor types. Two common vendors in ecommerce are dealers and distributors. This article outlines the definitions of dealers and distributors, their roles in ecommerce, and factors to consider when choosing between them.

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Supplies vs Inventory: Understanding the Key Differences

Finale Inventory

In e-commerce, “supplies” and “inventory” are often used interchangeably, but they have distinct roles and implications for your business operations. Understanding these differences is important for managing your operations and financials effectively. This guide covers the definitions, distinctions, and significance of supplies and inventory, as well as strategies for managing them and the role of technology.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.