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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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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GEP Spend Category Outlook Report 2025

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.

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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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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.

More Trending

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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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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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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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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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5 Ways You Can Win Faster with Gen AI in Sales

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.

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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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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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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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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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GEP Outlook Report 2025

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

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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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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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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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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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10 Ways to Leverage Buyer Signals and Drive Revenue

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.

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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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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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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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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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From Reactive to Resilient: Charting Your Supply Chain Maturity

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.

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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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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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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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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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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.

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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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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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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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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?