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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Nearshoring Is Booming in Mexico. Here Are Five Numbers to Prove It

Supply Chain Brain

Businesses in the U.S., Canada, and even South America have been bringing their supply chains closer to the consumer — that is, nearshoring — and Mexico has been the beneficiary.

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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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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Lloyd’s of London Says Baltimore Bridge Collapse Could Lead to Record Insurance Loss

Supply Chain Brain

Barclays said claims for damage to the bridge alone could reach $1.2 billion, along with hundreds of millions of dollars for business disruption caused by the port’s closure.

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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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More Trending

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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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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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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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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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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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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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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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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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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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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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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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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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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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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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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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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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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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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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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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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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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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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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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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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.