Thu.Feb 01, 2024

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Working in Saudi Arabia

Procurement Templates

So, you’ve probably heard of the visionary architectural Neom Project. But what is it like to work in a country like Saudi Arabia? Saudi Arabia stands as a dynamic economic force in the Middle East, driven by its oil-rich resources and strategic investments in diversified sectors. Its Vision 2030 initiative reflects a commitment to economic transformation and diversification, creating a myriad of opportunities for both local and expatriate professionals.

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Why We Shouldn’t Resist P2P Process Automation

ProcurePort

In today’s business world, time is crucial and competition is fierce. Being efficient is not just an advantage, it’s necessary for survival. Organizations, big and small, try to navigate through complex situations, improve processes, cut costs, and maximize their employees’ abilities. Innovation and evolution create Procure-to-Pay process automation.

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Trending Sources

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The Rise of the Reshoring Movement in the U.S.

Supply Chain Brain

Remnants of a COVID-disrupted supply chain, economic choppiness, and pressure to lower prices have backed manufacturers up against a wall, and forced them to reconsider their approach to offshoring production.

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Foxconn’s Tijuana Manufacturing Operation Shows the Nearshoring Possibilities

SCMR (Supply Chain Management Review)

Reshoring Institute Executive Director Rosemary Coates got a first-hand look at Foxconn’s Tijuana manufacturing site and saw what is possible when companies invest in nearshoring.

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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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Manufacturing ‘ready to start running again’ with demand up: PMI

Supply Chain Dive

The industry is at the beginning of a possible growth cycle, but manufacturers are likely to be slow to start hiring again, economists say.

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Watch: What Are Manufacturers Spending on Tech Transformation?

Supply Chain Brain

Brian Pacula, partner in the Operations Excellence practice of West Monroe, tells how manufacturers and supply chains are prioritizing their spend on technology in the post-pandemic era.

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The Drone Final Mile Becomes Reality

Art of Procurement

In 2005, Amazon revolutionized eCommerce delivery expectations with their 2-day Prime delivery service. All of a sudden, every other retailer. The post The Drone Final Mile Becomes Reality appeared first on Art of Procurement.

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Major Carmakers Could Be Using Uyghur Forced Labor, Report Says

Supply Chain Brain

Over 15% of the aluminum produced in China comes from Xinjiang, a region where the government has conducted a “long-running campaign of repression against Uyghurs and other Turkic Muslim communities.

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Forging a framework for central bank digital currencies and tokenization of other financial assets

IBM Supply Chain Blog

Ever since the COVID-19 pandemic, cash usage has been decreasing worldwide and digital payments based on cryptocurrencies or legacy digital payment systems have prevailed. As a result, new forms of centrally managed digital currencies are emerging alongside cryptocurrencies like Bitcoin, the notorious volatility of which has challenged their acceptance worldwide.

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Upcoming Presentation: Orchestration: The Future of Supply Chain Digitalization

Supply Chain Brain

Held on February 5th - February 7th, 2024, at Caesars Forum, Manifest Vegas will provide unrivaled networking, learning and exploring opportunities for attendees.

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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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Port of Virginia cargo volumes dip 2% in December

Supply Chain Dive

Containers have now declined for nearly a year at the port, though volumes remain significantly higher than 2019

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OPEC+ Nations Set to Decide on Extending Cuts in Early March

Supply Chain Brain

Seven coalition members have pledged supply curbs totaling about 900,000 barrels a day this quarter, in tandem with a 1 million-barrel reduction by group leader Saudi Arabia.

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Top concerns industry leaders have about cyberattacks in 2024 and beyond

IBM Supply Chain Blog

Cyberattacks are becoming increasingly sophisticated. Read about the concerns that industry leaders have for the future and three approaches organizations can take to build up their defenses. Cyber workforce shortage There are over four million unfilled cybersecurity jobs in the world today. Filling these vacancies has become a security imperative, and several global compliance mandates have been established to tackle the issue.

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Walmart to Open 150+ Large-Format Stores Across the U.S.

Supply Chain Brain

The company will expand some smaller sites into Supercenters with additional plans to open many new locations, said Walmart spokesperson Josh Havens.

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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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ManagePlus—your journey before, with and beyond RISE with SAP

IBM Supply Chain Blog

RISE with SAP has not only been a major cloud player in recent years, it’s also become the standard cloud offering from SAP across different products. But when assessing what it takes to onboard into RISE with SAP, there are multiple points to consider. Especially important is a good understanding of the RACI split around Standard, Additional and Optional Services, along with relevant CAS (Cloud Application Service) packages.

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Bound4blue Chosen to Install eSail on Polynesian Mixed Cargo Vessel

Supply Chain Brain

Bound4blue said that the eSail wind power-based propulsion system will help shipowner SNA TUHA’A PAE (SNA) reduce its energy consumption by up to 10%.

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Should large enterprises self-host their authoritative DNS?

IBM Supply Chain Blog

In a recent post , we outlined the pitfalls of self-hosted authoritative Domain Name System (DNS) from the perspective of a start-up or midsize company piecing together a DIY system using BIND DNS or other open source tools. The main idea was that every company gets to a point where they outgrow their self-hosted, home-grown authoritative DNS systems.

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Podcast | The Quest for a Zero-Waste Supply Chain

Supply Chain Brain

M ost organizations still have a long way to go before they can declare their supply chains to be “zero waste.

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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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Gartner’s First Integrated S2P Report on The Evolving Landscape of Source-to-Pay Solutions

Procurement Insights

The Dawn of Integrated Source-to-Pay Suites The release of Gartner’s first integrated Source-to-Pay (S2P) Magic Quadrant marks a pivotal moment in procurement technology. The new report covers ten leading vendors who meet Gartner’s revised criteria for providing modular but natively integrated S2P platforms spanning sourcing, contracting, purchasing, payments, and analytics.

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Germany Planning to Oppose EU Supply Chain Law, Ministers Say

Supply Chain Brain

The letter, sent February 1 by Finance Minister Christian Lindner and Justice Minister Marco Buschmann, said that the German government would abstain on the issue.

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Plant supplier sues Kroger over stolen, mishandled inventory

Supply Chain Dive

Theut’s Flower Barn alleges the grocer caused $5 million in missing goods.

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Former Boeing Manager Would “Absolutely Not” Fly on 737 MAX Planes

Supply Chain Brain

Ed Pierson, a former senior manager of Boeing’s 737 program, expressed concerns after regulators allowed Max 9s to return to service last week.

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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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5 signs you need a premium DNS service 

IBM Supply Chain Blog

Buy a domain name. Associate that domain with a DNS server. Done. When you’re spinning up a presence on the internet, domain registrars make it easier to get started with a basic authoritative domain name system (DNS) hosting. That’s what most small businesses need ultimately—a reliable service that answers DNS queries. No more, no less.

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Procurement 6 – February 2nd, 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 – February 2nd, 2024 appeared first on Art of Procurement.

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Service Level Agreements: A Blueprint for Success

Pipefy

Service level agreements (SLAs) are critical components of any vendor contract, however, they are most commonly associated with IT vendors. This guide explains how SLAs boost business service quality, communication, and conflict resolution between clients and vendors. It also provides tips for creating, implementing, and optimizing SLAs. What is a service level agreement (SLA)?

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Take a holistic approach

HICX

By Costas Xyloyiannis, CEO of HICX Complex supply chains compromise supplier data and impact competitiveness. What are the solutions?

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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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The Ultimate Guide to Strategic Sourcing in 2024

Empowering CPO

Introduction In the ever-evolving landscape of procurement, organizations are realizing that strategic sourcing is not merely a process but a comprehensive approach that can redefine the trajectory of businesses. As a trailblazer in the field, we lead the way with our innovative suite of services, offering organizations a strategic edge in achieving sustainable success.