Fri.Aug 16, 2024

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Inflation slows to three-year low, clearing way for Fed rate cut

Supply Chain Dive

The central bank at a meeting next month is expected to weigh cooling inflation against signs that the labor market is loosening up.

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XPO Explores Sale of European Transportation Business

Supply Chain Brain

XPO unveiled plans in 2022 to split its freight brokerage and North American trucking operations into two publicly traded companies.

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Air cargo resurgence unhindered by July global IT outage

Supply Chain Dive

Although the crisis caused rates to spike to their highest level this year, demand still increased 13% year over year during the month.

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IT Service Management (ITSM): Everything You Need to Know

Pipefy

IT services are now more important than ever, and the complexity of these services has also increased due to the increasing integration of new technologies into IT infrastructure. In addition, the growing need for secure solutions for remote work and uninterrupted connectivity have created unprecedented challenges in providing organizations with the resources they need to remain competitive.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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High-Tech Manufacturing

Arkestro

High-Tech Manufacturing Supercharge team performance with automated negotiations, delivering greater results with minimal effort. Get in touch Our solutions Speed Up and Scale Your Procurement Processes for High-Tech Gains Arkestro revolutionizes the high-tech manufacturing industry with Predictive Procurement Orchestration. Our platform enhances procurement outcomes and fosters seamless team collaboration.

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I Have 30-Seconds – Show Me The Process!!!

Procurement Insights

EDITOR’S NOTE: One of the up-and-coming NextGen thought leaders, Bilawal Shahbaz Khan , posted this 30-second “Root Cause” video on LinkedIn. Click on the image below to watch the video, and join the discussion stream with your opinion – I share my thoughts below. Click Here To Watch Here is my takeaway, what’s yours? “A great example of why the agent-based people-process-technology implememntation model is the key to ProcureTech success.” Ask why?

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CPO Rising Listicle: Recognize Accounts Payable Excellence in 7 Ways

CPO Rising

Fridays (in 2024) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help… The post CPO Rising Listicle: Recognize Accounts Payable Excellence in 7 Ways appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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Efficient Inventory Management for Construction Pros with Finale Inventory | Construction Material Organization

Finale Inventory

Efficient inventory management is vital for the success of construction professionals. With the right system in place, businesses can streamline their operations, minimize costs, and improve overall productivity. One powerful tool that construction pros can utilize for efficient inventory management is Finale Inventory. This article discusses the importance of efficient inventory management in construction and how Finale Inventory can help businesses thrive in the digital landscape of ecommerce.

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Exposing the myth of centralization versus decentralization in procurement

Procurement Insights

EDITOR’S NOTE: The following is my response to Laura Barrett’s very good post about SRM and centralization versus decentralization. To start, here is an excerpt of a post I wrote in Sept. 2007 – [link] “Process understanding starts and ends with the premise of centralized visibility and departmental empowerment. “It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes

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Effective Strategies for Organizing Manufacturing Inventory with a Useful Inventory Template

Finale Inventory

In the fast-paced ecommerce sector, managing inventory effectively is vital for success. The ability to efficiently organize and track manufacturing inventory can significantly influence a business’s performance. Fortunately, there are strategies and tools available to simplify the inventory management process. One such tool is a useful inventory template, which can guide you in organizing and monitoring inventory efficiently.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

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.

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Why your business needs AP automation software

Fraxion

If you’re still managing your accounts payable (AP) processes manually, it may be time to consider automation via a software solution. AP automation can simplify your day-to-day accounts payable tasks, replacing time consuming manual data entry while reducing costly errors. Here’s what you need to know as you consider your options. What is AP automation software?

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Is Anticipation Inventory Key for Your Inventory Strategy? | Ecommerce

Finale Inventory

In ecommerce, inventory management is pivotal for smooth business operations. One strategy that has garnered attention recently is anticipation inventory. By grasping the concept, impact, and techniques related to anticipation inventory, you can assess if it’s a fitting component of your inventory strategy. Understanding Anticipation Inventory Anticipation inventory is the stock accumulated in anticipation of future demand.

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A Comprehensive Guide to Procurement Management

TYA Suite

Effective procurement management is now essential to an organization's success. By ensuring that the proper products and services are obtained at the best possible price and in the right amount of time, efficient can have a substantial positive impact on a company's bottom line. This comprehensive guide will delve into the and various other aspects to provide a thorough understanding of this essential business function.

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How to Record Asset Depreciation: A Complete Guide for Businesses with Finale Inventory | Ecommerce

Finale Inventory

Asset depreciation is a key element of financial management for businesses, especially those that use inventory management systems like Finale Inventory for their ecommerce operations. Proper tracking and recording of asset depreciation ensures accurate financial reporting and supports informed decisions about asset management and replacement. Understanding Asset Depreciation Asset depreciation refers to the reduction in value of a tangible asset over time due to factors such as wear and tear, o

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Freight Procurement Simplified: Bids from Hours to Minutes

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

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Accounts Payable Software: Streamlining Your Financial Processes

TYA Suite

Managing accounts payable (AP) is a critical aspect of any business's financial operations. plays a crucial role in handling the increasing number of transactions and complexity of payment management that firms face as they expand. Accounts payable automation software offers a streamlined, efficient solution for handling all aspects of the accounts payable process, reducing manual effort, minimizing errors, and ensuring timely payments.