Supply Chain Dive
APRIL 23, 2024
Indirect emissions are notoriously hard to calculate and address, so the Science Based Targets initiative put forth a new guideline for the auto industry's category 11 goals.
Supply Chain Brain
APRIL 23, 2024
What started as a shared frustration at the lack of tracking information on general cargo shipments resulted in a much-needed advancement in tracking technology and shipping analytics.
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Supply Chain Dive
APRIL 23, 2024
Carol Tomé said the carrier offers “an integrated solution that’s very different” from what FedEx can provide.
Supply Chain Brain
APRIL 23, 2024
The City of Baltimore says it plans to pursue "significant" claims against the firms responsible for the Dali , in a bid to compensate the city, its residents and businesses.
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Supply Chain Dive
APRIL 23, 2024
Creating the role helped the food manufacturer streamline its operations and reset its sourcing and logistics strategies, Oksana Woloszczuk said.
Supply Chain Brain
APRIL 23, 2024
Samuel Parker, director of shipper segment with DAT, describes the company's iQ platform, which hosts the new and improved DAT iQ Benchmark, an AI-powered business tool for shippers.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Brain
APRIL 23, 2024
Since a devastating 1999 quake, Taiwan has implemented sweeping changes to its building codes while strengthening existing structures.
Supply Chain Dive
APRIL 23, 2024
The Can Manufacturers Institute says the president should do more than triple the average tariff rate of 7.5% under section 301.
Supply Chain Brain
APRIL 23, 2024
The STB opened its investigation after crew shortages led to Union Pacific imposing more than 1,000 embargoes in 2022.
Supply Chain Dive
APRIL 23, 2024
The final rule expands overtime pay eligibility to millions of U.S. workers, the department said.
Advertiser: GEP
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.
Supply Chain Brain
APRIL 23, 2024
The auto manufacturer reported nearly $3 billion of profit in Q1, a 24% increase from that period in 2023.
Supply Chain Dive
APRIL 23, 2024
The beverage alcohol distributor recently promoted Drew Vermilion to SVP of supply chain strategy and chief of staff.
IBM Supply Chain Blog
APRIL 23, 2024
Change is inevitable in an organization; especially in the age of digital transformation and emerging technologies, businesses and employees need to adapt. Change management (CM) is a methodology that ensures both leaders and employees are equipped and supported when implementing changes to an organization. The goal of a change management plan, or more accurately an organizational change plan, is to embed processes that have stakeholder buy-in and support the success of both the business and the
Arkestro
APRIL 23, 2024
Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Dramatically improving the internal customer experience and supplier experience. Enhancing supplier performance.
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
Procurement Software
APRIL 23, 2024
Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. You have to know what you’re spending your money on before you can start to transform your procurement operations. To do this quickly and efficiently, spend analytics software is your best friend. Can you do spend analysis in an Excel spreadsheet?
World of Procurement blog
APRIL 23, 2024
In the ever-evolving landscape of business, the role of warehousing within the supply chain has grown to be more pivotal than ever. As a procurement professional, understanding the intricacies of warehousing is not just beneficial—it's essential. This article serves as a comprehensive exploration into the world of warehousing, highlighting the nuanced differences and operational strategies within traditional warehouses, distribution centers, and fulfillment centers.
Una
APRIL 23, 2024
How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. By Hugo Britt | April 23, 2024 Search Search Welcome to a future where the supply chain landscape is divided, not just by the products and services they deliver, but by the int elligence that drives their operations.
World of Procurement blog
APRIL 23, 2024
I. Introduction In an age where digital transformation decides who leads and who lags, Artificial Intelligence (AI) stands as the vanguard in redefining procurement. Imagine a world where supply chains are not just efficient, but prescient—anticipating needs, risks, and market shifts with uncanny precision. As we stand on the brink of 2024, this is not just a possibility; it's fast becoming the norm in procurement.
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.
ContractSafe
APRIL 23, 2024
When it comes to contracts, in-house counsel has seen it all, from the "simple" contracts that turn into epic novels to the urgent deals that needed to be signed yesterday.
World of Procurement blog
APRIL 23, 2024
In today's fast-paced business environment, procurement plays a crucial role in determining a company's efficiency, cost-effectiveness, and competitive edge. A significant driver of this evolution has been the integration of advanced technologies into procurement processes. From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands.
Supply Chain Brain
APRIL 23, 2024
Four months after President Xi Jinping flagged a proposal to help households and businesses upgrade old machinery, details are still trickling out.
World of Procurement blog
APRIL 23, 2024
Welcome to the fascinating world of supply chain management (SCM)! In this blog, we will explore the essential concepts and processes vital for beginners entering the field. Whether you are a student, a budding professional, or a curious learner, this guide will illuminate the foundational aspects of SCM and help you understand its significance in today’s global economy.
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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.
The Procuretech Podcast
APRIL 23, 2024
This week on The Procurement Software Podcast, host James Meads delves into the topic of why reviews and best-of lists may not be as helpful as they seem when choosing procurement software. The episode also touches on the lack of transparency in some top procurement tech listings, cautioning listeners to be wary of sponsored content. Tune in to gain insights on navigating the complex landscape of procurement software selection.
World of Procurement blog
APRIL 23, 2024
The procurement to pay (P2P) process, also known as purchase to pay, is an essential component of an organization's financial and operational efficiency. It encompasses all steps from the initial identification of a need for goods or services, through procurement and payment, to the eventual reconciliation of accounts. This guide will provide a comprehensive overview of the P2P lifecycle and explain why mastering this process is critical for businesses.
World of Procurement blog
APRIL 23, 2024
Embracing the Digital Transformation in Procurement The procurement landscape is undergoing a seismic shift thanks to the advent of pioneering technologies such as blockchain, artificial intelligence, and robotics. These digital disruptors are reshaping how procurement teams interact with stakeholders and enhance operational efficiency. In this era of the "fourth industrial revolution," it is crucial for organizations to re-evaluate and upgrade their procurement frameworks and supply chain techn
World of Procurement blog
APRIL 23, 2024
In today's fast-paced business world, efficient procurement processes are more crucial than ever. Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. But what exactly goes into these processes? Let's break down the essential steps in the procurement process flow, providing a roadmap to streamline your procurement activities and achieve strategic objectives.
Advertiser: GEP
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.
World of Procurement blog
APRIL 23, 2024
The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization. Understanding the ins and outs of material procurement can enable businesses to streamline their operations, reduce costs, and achieve better outcomes.
World of Procurement blog
APRIL 23, 2024
Negotiation is an art and a science, particularly in the world of procurement. It involves reaching an agreement that satisfies all parties involved, balancing wants, needs, and expectations with reality. The complex dance of procurement negotiations requires understanding, skill, and strategic preparation. This guide aims to provide a robust framework for navigating negotiation processes, delving into negotiation frameworks, mental models, the concept of BATNA, and the crucial aspect of prepara
World of Procurement blog
APRIL 23, 2024
Procurement plays a crucial role in the operational efficiency and sustainability of a business. From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation. Below are the top 20 Key Performance Indicators (KPIs) you should monitor to ensure your procurement process is aligned with your organization's goals, including factors related to Environmental, Social, and Governance
World of Procurement blog
APRIL 23, 2024
Procurement plays a pivotal role in the construction industry, governing how resources, equipment, and services are acquired to bring a project from blueprint to reality. With a myriad of challenges specific to construction, understanding how to navigate the procurement process can make the difference between a project's success or its downfall. This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain st
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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