Thu.Mar 07, 2024

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Procurement Playbook

Procurement Templates

A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managing procurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services. Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement process

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Shippers should lock in trucking rates soon: experts

Supply Chain Dive

Carrier executives are beginning to show optimism for a rate recovery, which could spell rising costs for customers.

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Trending Sources

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Surviving the Supply Chain Arena

Art of Procurement

This week’s episode of Art of Supply features an interview with David Moran, an “unofficially retired” procurement and supply chain. The post Surviving the Supply Chain Arena appeared first on Art of Procurement.

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Deadly Ship Attack Means Red Sea Voyages Need Re-Think, Union Says

Supply Chain Brain

David Appleton, head of professional and technical at Nautilus, which represents more than 20,000 maritime workers, said the utmost priority should be the safeguarding of the lives of seafarers.

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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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The diversity dividend: How inclusive businesses gain competitive advantage

IBM Supply Chain Blog

Companies with diverse workforces are better positioned to deliver truly customer-centric experiences to all consumers. For example, when building technology, it is important that employees are aware of the cultural connotations of color schemes, symbols, and graphics. Red signifies good fortune in Chinese culture but can denote danger or caution in Western cultures.

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3 Easy Steps To Procurement Digital “AI” Success

Procurement Insights

STEP 1 – Read the following – My response to a great post by Vineet Khanna STEP 2 – Watch the Following 1:30 video @houseldesign Dominoes with Bricks #brick #dominoes #construction #fyp #fypシ #bricktricks #work #worklife #construção #constructionworker #structure #rypシ #architecture #constructionlife #hardwork #amazing #top #portoi #building #build #baustelle #design #motivation #maison #funny #construction #deutschland #germany #berlin #building #structure #architecture #fypシ

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3 Ways Data Can Be Better Utilized to Predict the Market Rebound

SCMR (Supply Chain Management Review)

For shippers, properly assessing market conditions is critical to bid season. Data, when used correctly, can be an asset to this process.

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The role of ethical leadership in the supply chain

Supply Chain Dive

Here are five strengths leaders bring to foster trust and promote ethical conduct.

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Episode 156: Accelerating the Data Feedback Loop with Emilie Schario

Una

EPISODE 156 Accelerating the Data Feedback Loop feat. Emilie Schario By Kelly Barner | March 13, 2024 In 1748, Benjamin Franklin wrote “Time is money.” All of the changes and advancements we have seen in nearly 300 years have not managed to render that advice obsolete. Certainly, time has inherent value (whether measured in dollars or otherwise), but time can also cost money – through delays, misalignment, and poor decision making.

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BIMCO Calls for 'Decisive Action' After Red Sea Ship Deaths

Supply Chain Brain

One Vietnamese and two Filipino crew members died in the attack on the MV True Confidence, and two others were seriously injured.

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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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Best Buy’s suppliers help defray costs in choppy electronics market

Supply Chain Dive

The retailer logged $20 million in vendor spending on things like promotions, displays, special staffing and fulfillment services.

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EU Waters Down Supply Chain Due Diligence Law

Supply Chain Brain

After Germany and Italy withdrew their, European Union presidency Belgium has proposed diluting the law and setting a longer phase-in.

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Wolverine World Wide to shutter Kentucky distribution center

Supply Chain Dive

The company is permanently closing its operations in Louisville and will lay off about 150 employees.

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Watch: Building Insights Into Supply Chains: A Case Study

Supply Chain Brain

A case study arising from an innovative partnership, featuring Erez Agmoni, global head of innovation with Maersk, and Krenar Komoni, founder and chief executive officer of Tive.

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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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Procurement 6 – March 8th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – March 8th, 2024 appeared first on Art of Procurement.

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Embracing AI: How To Balance Short-Term Gains With Long-Term Promise

Supply Chain Brain

This year is going to be a pragmatic one for business, and AI will play a big part. Does this mean that everyone must rush to purchase an AI tool?

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Minimize Errors with a Robust Warehouse Barcode System

Finale Inventory

Picture this: a bustling warehouse, palates coming in, orders printing out, shelves (and let’s face it, floor space) overflowing with boxes. You’re looking for a specific item but can’t find it in the chaos. The result? Customers receive their orders late–if they receive the right shipment at all. We’ve all been there, but it shouldn’t be that way–and doesn’t have to be that way.

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Procurement Power Moves: Strategies for Success in the Interim Market with Brian Lombard – Episode 89

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode of the Talent Talks podcast, Martin Smith interviews Brian Lombard, a manager at Talent Drive. Brian shares his background and how he transitioned from procurement into procurement recruitment. He primarily focuses on the interim market and discusses the current opportunities … Continued The post Procurement Power Moves: Strategies for Success in the Interim Market with Brian Lombard – Episode 89 appe

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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Boeing 737 Max Recent Rudder Failure Under Investigation

Supply Chain Brain

The incident is the latest involving Boeing’s top-selling jetliner, which was grounded worldwide in 2019 following the second of two fatal crashes that killed 346 people.

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Gain The Competitive Edge with Strategic Supplier Sourcing Solutions

Procurement Freelancers

In today’s cutthroat market, gaining a competitive edge requires smart, strategic moves.

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CPO Strategy: Arkestro Amplifying Procurement’s Influence

Arkestro

This month’s cover star is Kristina Andric, Supplier Manager IT at Tetra Pak and recent CIPS Young Talent winner

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Podcast | Solving the Deadly Problem of Distracted Driving

Supply Chain Brain

Technology is the major reason behind distracted driving. Is it also the solution?

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.