Tue.May 28, 2024

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CPO Crunch: Measure more to drive impact

Procurement Leaders

Those who attended the World Procurement Congress a couple of weeks ago will have heard that Procurement Leaders is celebrating its 20th anniversary this year. During that time, the procurement profession has changed significantly – evolving from back-office afterthought to a function of board-level, strategic relevance. How we bring value has changed and how we measure our value has changed as well.

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'Organized Crime at its Finest': Huge Rise in Cargo Thefts Continues

Supply Chain Brain

Overhaul tracked a 9% year-over-year increase in cargo thefts in the United States in 2023, and expects that number to skyrocket to 35% by the end of 2024.

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Trending Sources

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Cotton traced to Xinjiang, China, present in over 800 products: report

Supply Chain Dive

About a third of positive-tested items had fibers solely from the banned region, despite U.S. regulations over forced labor concerns.

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Discover the Ultimate Suppliers Sourcing Solution for Your Business

Procurement Freelancers

The identification and selection of the right suppliers is a very important factor in the… The post Discover the Ultimate Suppliers Sourcing Solution for Your Business first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Medtech company Avanos hires new supply chain SVP

Supply Chain Dive

Sigfrido Delgado, a former VP at Jabil Healthcare, will be tasked with maintaining the pace of Avanos’ supply chain transformation plan.

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Intake and Orchestration in procurement: How do the solution providers define its role? – Tonkean

Spend Matters

Spend Matters chose Intake and Orchestration as its main research theme for this quarter because we believe it is the fastest-growing procurement tech market segment today. If you’d like to understand more about what intake management and orchestration mean for procurement, read our Guide to Intake and Orchestration. As part of our research we are conducting analyst-led analysis / thought leadership , solution provider deep-dive analyses , webinars and interviews with both the practitioners who

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Spend Matters product enhancements

Spend Matters

Alongside our free-to-read content, Spend Matters provides a subscription service of data-driven procurement technology analysis, research and thought leadership based on granular rankings of procurement technology capabilities and customer satisfaction surveys. We strive to improve how we communicate this procurement tech market intelligence based on customers’ requests.

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Enhancing Agricultural Supply Chain Resilience With IoT and Satellite Data

Supply Chain Brain

In an effort to fortify itself against adversities, the adoption of the internet of things and satellite data has emerged as a pivotal advancement in the agriculture industry.

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Data protection strategy: Key components and best practices

IBM Supply Chain Blog

Virtually every organization recognizes the power of data to enhance customer and employee experiences and drive better business decisions. Yet, as data becomes more valuable, it’s also becoming harder to protect. Companies continue to create more attack surfaces with hybrid models, scattering critical data across cloud, third-party and on-premises locations, while threat actors constantly devise new and creative ways to exploit vulnerabilities.

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Record Hurricane Season in Atlantic Could Spell Trouble for Supply Chains

Supply Chain Brain

NOAA is projecting between 17 and 25 named storms with winds of nearly 40 miles an hour in the Atlantic between June and November.

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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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FreshRealm taps Amazon vet as supply chain chief

Supply Chain Dive

Stacey Wallace will lead the company's strategy to optimize its infrastructure for short-shelf-life products.

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Child Labor Used to Pick Flowers for Famous Perfume Brands

Supply Chain Brain

Filming secretly at night in Egypt, BBC journalists found at least four different locations where jasmine was being picked by children younger than 15 years old.

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Navigating the New Procurement Landscape: The Procurement Act 2023 & it’s Impact on Suppliers in the UK

Value Match

Categories Best Practice Guides Bid Management Business Case Study Circular Economy Community Story Contract for Change Cyber Security Environment and Climate Equality and Inclusion Government Buying Standards House of Commons Committee of Public Accounts Human Rights and Modern Slavery Legislation National Audit Office Reports News Procurement Best Practice Procurement Policy Notes Procurement Strategy Public Sector Library Public Sector Policy Resourcing Responsible Organisational Management S

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Trade Strains Boost Cargo Rates at Pace Recalling Covid ‘Chaos’

Supply Chain Brain

Some of the catalysts for the monthlong advance in seaborne freight rates stem more from worry than optimism.

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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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Mastering Procurement Acronyms: Understanding of RFI, RFQ, and RFP

Arkestro

Resources / Blog / Mastering Procurement Acronyms: Understanding of RFI, RFQ, and RFP Mastering Procurement Acronyms: Understanding of RFI, RFQ, and RFP Unravel the mystery of procurement acronyms with this comprehensive guide to RFI, RFQ, and RFP. Take your procurement knowledge to the next level! Procurement requests are a critical component of strategic sourcing and purchasing initiatives for businesses.

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How To Defend the Supply Chain From Surging Cyberattacks

Supply Chain Brain

As cyberattacks pose a growing threat to business operations, it’s never been more important to account for the full range of attack vectors that cybercriminals exploit.

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Dell – FedEx Supply Chain (formerly GENCO)

Vested Way

Dell’s story began with a belief and a passion: that everybody should have easy access to the best technology anywhere in the world. That was in 1984 in Michael Dell’s University of Texas dorm room. Today, Dell Technologies is instrumental in changing the digital landscape the world over. Dell is among the world’s leading technology companies helping to transform people’s lives with extraordinary capabilities.

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9 “Alt” Procurement KPIs and Metrics for Modern Teams

Procurement Software

Procurement KPIs and procurement metrics are crucial to measure the success of streamlined procurement process. However, many KPIs in procurement have become outdated. We need to move with the times. With AI and new generations of procurement tech, an alternative set of procurement metrics are necessary. Measuring our performance and the effectiveness of how we deliver wider value to the business requires a rethink.

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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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RFx Types in Procurement and Strategic Sourcing

Art of Procurement

If you work in procurement you’ve probably had to explain the difference between an RFP and an RFI more than. The post RFx Types in Procurement and Strategic Sourcing appeared first on Art of Procurement.

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Value-add procurement takes flight at London Luton Airport with JAGGAER

Jaggaer

JAGGAER's latest news on procurement & sourcing. Read now: Value-add procurement takes flight at London Luton Airport with JAGGAER.

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Are “digital skills” valued by CPOs? – Andrew Daley from EdburyDaley

The Procuretech Podcast

This week on The Procurement Software Podcast, host James Meads chats to guest Andrew Daley, a partner at EdburyDaley, a specialist recruitment firm in the UK. Andrew sheds light on some of the differences between recruiting individuals for procurement tech companies, and how it differs from hiring for traditional procurement roles. Tune in to gain insights into how technology is shaping the procurement profession and discover the tools to stay ahead in the game.

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Are Solution Providers Solving The Right Practitioner Problems?

Procurement Insights

Given Gartner’s report that 80 to 85% of all AI initiatives fail, where is the disconnect occurring between sourcing, buying, and implementing a solution? What is the benefit of building an analyst solution map if you can’t ask your selected providers pointed and timely questions beyond the general “industry speak” of features, functions, benefits, new client wins, and making someone’s Top Ten list – mine included.

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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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Magnus Mondays — Three Areas Where AI Can Help You Today

CPO Rising

While generative AI is emerging and use cases are evolving, artificial intelligence in the form of natural language processing (NLP), machine learning, and deep learning has been in use for years. Despite most solution providers not being shy to broadcast this, it still feels like it’s being a little forgotten.

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The EcoVadis Rebuttal Regarding The Achilles Post

Procurement Insights

The Rebuttal There are two principles or rules I adhere to in my writing. The first is that I would rather get it right than be right. The second—and I just shared this in a discussion stream with David Loseby the other day—is that I always ask somewhat thought-provoking questions to stimulate a dialogue. The above points also underline the shortcomings regarding solution provider maps; they provide a logo but don’t tell you who is behind it.

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CPO Rising: Three Areas Where AI Can Help You Today

Arkestro

The post CPO Rising: Three Areas Where AI Can Help You Today appeared first on Arkestro.

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Canada Border Agents Threaten to Strike in June

Supply Chain Brain

The U.S. Department of Agriculture warned the border agent strike could have “significant impacts” for agriculture trade, producers and consumers.

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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.