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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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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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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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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Port of Baltimore creates deputy role to win back shipping business

Supply Chain Dive

Former New Orleans port COO Matt Wypyski will serve as deputy executive director for commercial development.

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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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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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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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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.

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.