Wed.Sep 04, 2024

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CPO Crunch: Staying the course to net-zero

Procurement Leaders

When the US Securities and Exchange Commission (SEC) unveiled its climate-related disclosure rules back in March, one of the biggest talking points was the Commission’s decision to omit all Scope 3 emissions reporting requirements. This U-turn, which followed months of pressure to pare down the rules, demonstrates the uncertain landscape businesses face as they attempt to develop and execute their sustainability strategies.

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Harnessing AI for Supply Chain Resilience in Extreme Conditions

Supply Chain Brain

To ensure that their supply chains are resilient and capable of handling disruptions, organizations must take proactive measures supported by artificial intelligence.

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BlueBean: Vendor Analysis — Procure-to-Pay solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of BlueBean and its solution for procure-to-pay. BlueBean’s unique ‘request-to-pay’ solution removes the need for supplier portals, purchase orders, invoices and expense claims. It integrates automated accounting and virtual card payments for procurement and expense management, offering a solution that aims to simplify financial controls.

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Sourcing from the Americas Now the Focus of U.S. Importers, Survey Says

Supply Chain Brain

Nearly half of respondents (47%) believe the primary benefit to having a more diversified supply chain is reducing the risk of disruption from various events such as natural disasters.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

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.

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Seko Logistics tosses court case on de minimis program suspension

Supply Chain Dive

The company had been embroiled in a battle with U.S. Customs and Border Protection over its Entry Type 86 eligibility.

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ILA Says Negotiating Parties are 'Very Far Apart' Ahead of Port Strike Deadline

Supply Chain Brain

The ILA is wrapping up a two-day "marathon" of meetings, where it's preparing its members for the possibility of an impending work stoppage.

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Amazon to Give U.K. Warehouse Workers 10% Raise

Supply Chain Brain

This comes more than a month after Amazon beat back an organized labor push from workers at the company's Coventry warehouse by a 28-ballot margin.

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AI-Powered Sourcing: How GEP Solutions Company Helps

Procurement Freelancers

Finding the right vendors for procurement can be difficult work. It takes time, is prone… The post AI-Powered Sourcing: How GEP Solutions Company Helps first appeared on Procurement Blog | Procurement & Supply Chain News.

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EU Responders Say it's Unsafe to Tow Burning Oil Tanker in Red Sea

Supply Chain Brain

Oil has yet to leak out of the vessel, but U.S. military leaders estimate that the Sounion could spill four times as much oil as the Exxon Valdez.

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Understanding Invoice Payment Terms: A Comprehensive Guide for Small Businesses | Ecommerce

Finale Inventory

In ecommerce, grasping invoice payment terms is key to small business success. Payment terms affect cash flow and financial stability while playing a significant role in nurturing strong relationships with customers and suppliers. This guide will provide a thorough overview of invoice payment terms and help you navigate the landscape of business transactions.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

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Global Goods Trade Recovery Extends Into Third Quarter, WTO Says

Supply Chain Brain

The WTO’s goods barometer increased to 103 compared with a reading of 100.6 in March, the Geneva-based organization said in a new report.

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The Importance of Supply Chain Traceability for Small Businesses with Finale Inventory | Ecommerce

Finale Inventory

As ecommerce continues to expand, supply chain traceability has become a key factor for small businesses. This article examines why supply chain traceability matters and how Finale Inventory can assist small businesses in achieving it. It also reviews the effects of traceability on ecommerce, the challenges of implementing it, and future trends to be aware of.

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Truth or Consequences: Have solution providers finally progressed beyond the infomercial stage?

Procurement Insights

Yesterday’s interview with Kim Cullen Prather from SOVRA was important for many reasons. Please read the excerpt of a comment posted by Michael Lamoureux in another discussion stream for a Kate Vitasek post, after which I will explain my previous comment: “I’ve given this space 24 years, provided more free content over the past 18 years then anyone, and I’m a hair from walking away from it too!

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Optimize Your Supply Chain with Materials Tracking for Enhanced Efficiency | Ecommerce

Finale Inventory

In the fast-paced ecommerce sector, optimizing the supply chain is vital for ensuring efficient operations. As competition intensifies and customer expectations rise, companies must streamline their processes to deliver products swiftly and cost-effectively. One effective strategy is materials tracking, a method that enables businesses to monitor the movement of materials throughout the supply chain.

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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.

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Technology Round-Up — September 4, 2024

CPO Rising

CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend… The post Technology Round-Up — September 4, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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The Importance of Inventory Control for Efficient Operations with Finale Inventory | Ecommerce

Finale Inventory

In the fast-paced ecommerce sector, efficient operations are vital for success. One of the key elements that ensures smooth operations is inventory control. By effectively managing inventory, businesses can avoid stockouts, reduce costs, and enhance customer satisfaction. This article discusses the importance of inventory control, its impact on operational efficiency, the implementation of inventory control with Finale Inventory, challenges faced in inventory control, and future trends in the fi

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Avoiding Extinction as an Accountant: Embracing the Future of the Profession

Procurement Express

The world of accounting is undergoing a significant transformation. With the advent of new technologies, the role of accountants has evolved beyond traditional bookkeeping and tax compliance. In this blog, we will explore the insights shared by Ian Browne, the Director of Education at Chartered Accountants Ireland, about the future of accounting, the importance of lifelong learning, and how accountants can adapt to stay relevant in an ever-changing landscape.

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Navigating the 5 Key Challenges in the Construction Industry: Solutions for Success

Finale Inventory

The construction industry has always faced various challenges, and navigating them effectively is vital for success. This article examines the five key challenges in the construction sector and discusses practical solutions to address them. We will also highlight how advancements in technology can enhance construction practices. Understanding the Construction Industry Landscape Before addressing the challenges, it’s important to understand the current state of the construction industry.

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

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Puma names procurement exec for its sourcing segment

Supply Chain Dive

Indrajeet Sen joined the sportswear giant as SVP of Puma Group Sourcing.

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Streamline Your Growth with Efficient Inventory Software from Finale Inventory | Ecommerce

Finale Inventory

Effective inventory management is key to the success of any ecommerce business. It ensures you have the right products available, reduces costs, and enhances customer satisfaction. This article examines the advantages of using Finale Inventory software to refine your inventory management process and support your business growth. Understanding the Importance of Effective Inventory Management Inventory management is central to the ecommerce sector.

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Contract Renewals and Extensions: Everything You Need To Know To Craft a Winning Strategy

ContractSafe

Contract renewals and extensions are similar but distinctly different processes in a contract’s lifecycle.

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The Ultimate Ecommerce Cheat Sheet [Free PDF]

Finale Inventory

Navigating the world of ecommerce can be overwhelming with its countless acronyms and industry-specific terms. Whether you’re a seasoned professional or just starting, it’s easy to get lost in the jargon. To help you cut through the noise, we’ve created a free PDF ecommerce cheat sheet that covers all the key terms you need to know.

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The Transformative Role of Supply-Chain Leaders in Today’s Business

A new survey shows 55% of enterprises anticipate a major supply chain disruption to strike any time. No wonder, resilience is a top priority today. With disruptions looming, procurement and supply chain managers are stepping up their game. And guess what? Sixty-three percent believe AI can be their top ally in this mission. This new report from The Economist and GEP explores how procurement and supply chain professionals are responding to shifting business dynamics.

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Unlocking the Future of Finance: How AI is Transforming Financial Teams

Procurement Express

The intersection of artificial intelligence (AI) and finance is rapidly evolving, offering numerous opportunities for finance teams to enhance efficiency and accuracy. As organizations strive to save time and money, understanding practical applications of AI becomes essential. In this article, we will explore how AI can revolutionize financial operations, focusing on automation, data analysis, and forecasting.

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A Leading UK Water Client – Utilities

Barkers Procurement

Barkers was engaged by the client to provide procurement expertise, to drive short term tactical savings and identify potential for longer term strategic benefits. Following an initial discovery phase, it was concluded that the most viable option for delivering savings at scale was likely to be some form of retendering, changing behavioursand ceasing certain activities to offer 2023/2024/2025 savings.