UPS CEO touts network flexibility in winning US Postal Service contract
Supply Chain Dive
APRIL 23, 2024
Carol Tomé said the carrier offers “an integrated solution that’s very different” from what FedEx can provide.
Tue.Apr 23, 2024
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Building Insights Into Supply Chains: A Case Study
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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DOL will raise overtime salary threshold to $44K in July, $59K next year
Supply Chain Dive
APRIL 23, 2024
The final rule expands overtime pay eligibility to millions of U.S. workers, the department said.
Strong Sales for Gas Trucks, SUVs, Boost GM Profits
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.
GEP Spend Category Outlook Report 2025
Advertiser: GEP
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.
Automakers get new standard for cutting a top source of scope 3 emissions
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.
Watch: Introducing the New and Improved DAT iQ Benchmark
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.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
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Taiwan Quake Was a Lesson in Resiliency for the Global Supply Chain
Supply Chain Brain
APRIL 23, 2024
Since a devastating 1999 quake, Taiwan has implemented sweeping changes to its building codes while strengthening existing structures.
Biden’s call to hike China steel, aluminum tariffs falls short, industry group says
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.
Regulators Close Probe After Union Pacific Cuts Back on Shipping Limits
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.
Lovesac pares back inventory costs as it simplifies operations
Supply Chain Dive
APRIL 23, 2024
Costs associated with inbound freight and warehousing costs dropped as the furniture company rolled out planning capabilities and simplified operations.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
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.
City of Baltimore Accuses Ship Owner of 'Gross Negligence' in Bridge Crash
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.
Southern Glazer’s Wine & Spirits promotes supply chain executive
Supply Chain Dive
APRIL 23, 2024
The beverage alcohol distributor recently promoted Drew Vermilion to SVP of supply chain strategy and chief of staff.
5 steps for implementing change management in your organization
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
Embracing AI and Predictive Procurement to Overcome Industry Challenges
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.
GEP Outlook Report 2025
Advertiser: GEP
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
7 Spend Analytics Software for Mid-Market Businesses
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?
China Wants Everyone to Trade In Their Old Cars, Fridges to Help Save Its Economy
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.
6 Contract Management Best Practices for In-House Counsel in 2024
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.
Unveiling the Intricacies of Warehousing in the Modern Economy
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.
10 Ways to Leverage Buyer Signals and Drive Revenue
Advertiser: ZoomInfo
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.
How Machine Learning is Transforming Supply Chain Management
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.
Procurement AI Trends for 2024: Revolutionizing the Future of Supply Chain Management
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.
Why reviews and “best of” lists aren't very helpful
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.
The Pivotal Role of Technology in Modern Procurement
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.
From Reactive to Resilient: Charting Your Supply Chain Maturity
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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.
Beginners Guide to Supply Chain Management
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.
Complete Guide to the Procurement to Pay Process
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.
Leveraging Digital Innovation in Procurement: An In-Depth Guide
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
Navigating the Procurement Process Flow: A Comprehensive Guide to Success
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.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
Advertiser: ZoomInfo
As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.
Complete Guide to the Procurement of Materials
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.
A Complete Guide to Procurement Negotiations
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
The Top 20 KPIs You Need To Know In Procurement
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
Complete Guide to Procurement in Construction
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
The 2nd Generation of Innovation Management: A Survival Guide
Speaker: Chris Townsend, VP of Product Marketing, Wellspring
Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?
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