Thu.Mar 28, 2024

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Happy Easter

Procurement Templates

Happy Easter. It’s a time for reflection and the resurrection of Jesus. Spend the time reiving your tired body and enjoy time with loved ones. My Valentines Satire post was rather popular so here is the Easter one! Procurement Parody: An Easter Reflection In the solemn glow of Easter, as we celebrate renewal and rebirth, let us turn our attention to a ritual as ancient and mystifying as the resurrection itself: procurement.

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Essential Negotiation Skills for Procurement Professionals

ProcurePort

Negotiation is at the heart of procurement. Whether you’re securing the best prices, managing supplier contracts, or resolving disputes, the ability to negotiate effectively is crucial for procurement professionals. In business today, being good at negotiation is more than just getting a good deal. It’s also about creating lasting relationships, reducing risks, and creating value […] The post Essential Negotiation Skills for Procurement Professionals appeared first on ProcurePo

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5 ways drone delivery providers are advancing in 2024

Supply Chain Dive

Announcements from Zipline, DroneUp, Wing and Skyports Drone Services this year demonstrate drones' growing presence in supply chains.

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Private cloud use cases: 6 ways private cloud brings value to enterprise business

IBM Supply Chain Blog

As cloud computing continues to transform the enterprise workplace, private cloud infrastructure is evolving in lockstep, helping organizations in industries like healthcare, government and finance customize control over their data to meet compliance, privacy, security and other business needs. According to a report from Future Market Insights (link resides outside ibm.com), the global private cloud services market is forecast to grow to USD 405.30 billion by 2033, up from USD 92.64 billion in 2

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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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5 takeaways from UPS’ 2024 investor and analyst day

Supply Chain Dive

Company officials provided details on the company's future with Amazon, the evolution of its pricing technology, growth in healthcare and more.

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Port of Baltimore May Not Reopen Until Summer

SCMR (Supply Chain Management Review)

The Port of Baltimore may remain closed until at least May, and possibly into the summer, as officials investigate and clean up the site of the Francis Scott Key Bridge collapse following a cargo ship strike on Tuesday.

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A New Priority Greets Procurement Professionals in 2024

SCMR (Supply Chain Management Review)

Cost reduction supplants supply continuity as the top issue facing procurement professionals in The Hackett Group’s annual Key Issues survey.

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Meet AI in Expense Management

Spend Matters

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles we explore the current state of AI in procurement technology.

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Watch: Navigating Today's Supply Chain Finance Challenges

Supply Chain Brain

Fermin Caro, managing director of boutique bank ComCap, discusses how to deal with today's supply chain challenges.

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What You Don’t Know Can Hertz You

Art of Procurement

Hertz was founded in 1918, in Chicago, Illinois. In those early days, their rental fleet was entirely made up of. The post What You Don’t Know Can Hertz You appeared first on Art of Procurement.

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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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Baltimore Bridge’s $2 Billion Rebuild Starts With Clearing Ship

Supply Chain Brain

A salvage firm that helped contain the Deepwater Horizon oil spill and safely demolished part of New York’s Tappan Zee Bridge with explosives is heading to Baltimore.

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East Coast ports say they are ready for Baltimore cargo

Supply Chain Dive

The Port of Virginia and the Port of New York and New Jersey can serve as alternative ports for ships that were destined to Baltimore.

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DATA! AI don’t need no stinkin’ DATA!

Procurement Insights

“The hot topic was where to get started with AI and the importance of finding a quick win. Both Supplier Discovery and Contract Management surfaced as the lowest-hanging fruit for the fastest win. The general consensus was to avoid AI projects that involve dependency on clean data.” – Procurement Leaders | A World 50 Group Community – [link] There is nothing wrong with a quick win – or a series of quick wins per Jom Collins’ Flywheel model.

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Podcast | How to Save Money in Your Supply Chain

Supply Chain Brain

There has never been a greater need for reducing costs in global supply chains than right now. Here, we discuss a number of cost-cutting options available.

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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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Sales & Operations Planning (S&OP) Mastery

SCMR (Supply Chain Management Review)

In this Special Digital Edition of Supply Chain Management Review, you will find insights on the importance of sales and operations planning (S&OP) to an organization’s bottom line.

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PFAS Risks in 2024: Common Compliance Pitfalls for Manufacturers

Supply Chain Brain

The urgency around per- and polyfluoroalkyl substances (PFAS) is growing, and it has never been more critical for manufacturers to be proactive about reducing and eliminating them from production.

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Golden State Foods names first-ever chief procurement officer

Supply Chain Dive

Trisha McRoberts joins the C-suite with a mission to optimize cash management and assure supply, among other goals.

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Home Depot Buys Roofing Company for $18B in Push for Pro Customers

Supply Chain Brain

SRS Distribution has 760 locations along with 4,000 trucks that transport materials to job sites, and reported $10 billion in revenue in 2023.

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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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Discovery Health

Vested Way

The healthcare market in South Africa – like most countries – is dynamic and evolving. Discovery Health launched what would become one of the most progressive insurance platforms for individuals and employers to fund medical treatment (called a Medical Scheme in South Africa). In 1998 South Africa passed the Medical Schemes Act to regulate the industry.

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Battle over EVs in China Intensifies as Xiaomi Announces Sedan to Challenge Tesla Model 3

Supply Chain Brain

The smartphone company will look to challenge Tesla's status as one of China's most popular EV manufacturers.

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Procurement 6 – March 29th, 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 29th, 2024 appeared first on Art of Procurement.

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The Benefits of IT Automation and Orchestration Synergy

Pipefy

At businesses, both tech stacks and cybersecurity risks are quickly growing on both a local and global level. In addition to these relatively new responsibilities, IT teams are also held accountable for the hardware maintenance and employee help desk services they’ve supported for decades. Add in a shortage of tech professionals that may last for years to come , and it should come as no surprise to anyone that IT employees are quickly burning out.

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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.

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What You Don’t Know Can Hertz You

Art of Procurement

Hertz was founded in 1918, in Chicago, Illinois. In those early days, their rental fleet was entirely made up of. The post What You Don’t Know Can Hertz You appeared first on Art of Procurement.

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AI Workflow Automation: How to Integrate Artificial Intelligence Into Workflows

Pipefy

Business automation software, also referred to as no-code business process automation (BPA), has made digital transformation possible for many organizations. Companies looking to stay competitive in the current fluctuating marketplace turn to workflow automation for new efficiency, cost savings, security measures, system integration, and market forecasting.

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Procurement 6 – March 29th, 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 29th, 2024 appeared first on Art of Procurement.

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Arkestro Advisory Council: Spot Buys

Arkestro

Webinars / Arkestro Advisory Council: Spot Buys Arkestro Advisory Council: Spot Buys Summary: In this exclusive customer event, participants from diverse industries discuss the role of Arkestro, a predictive procurement orchestration platform, in transforming spot buying from a reactive to proactive process. 3 Key Takeaways: Spot buys can be strategic when leveraged properly Procurement platforms like Arkestro can facilitate quick and competitive spot buys Significant costs savings and efficienc

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

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.

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5 Ways to Reduce Waste in Ecommerce Operations

Finale Inventory

Consumers expect retail brands to be standard-bearers for the planet, but as far as sustainability goes, especially at scale, it remains an elusive goal. While the challenge is complex, there are concrete solutions within reach – especially in ecommerce operations management, where small changes can accumulate to significantly reduce environmental impacts.

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China to Lift Costly Three-Year-Old Tariffs on Australian Wine

Supply Chain Brain

Prior to the tariffs, China was Australia's biggest wine importer, amounting to 1.1 billion Australian dollars ($710 million) a year in 2019.

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Procurement platform for post-consumer recycled materials nabs $10.5M in funding

Supply Chain Dive

Circular, which connects suppliers of recycled plastics to buyers, plans to expand internationally and introduce other materials to its offering.

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What You Don’t Know Can Hertz You

Art of Procurement

Hertz was founded in 1918, in Chicago, Illinois. In those early days, their rental fleet was entirely made up of.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

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