Mon.Mar 04, 2024

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Procurement – much more than a job

Procurement Leaders

“Procurement is not a job, it’s a responsibility,” are words that will be nagging at the minds of a hundred procurement executives, following an impassioned speech by Henkel CPO Bertrand Conqueret in Frankfurt last week. As a founding member of Together for Sustainability (TfS) and a cofounder of the Sustainable Procurement Pledge, Bertrand was taking advantage of a prompt offered by the outgoing CPO of Innio, Thomas Janvier.

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Save Billions of Dollars in Counterfeiting: Brand Protection with Blockchain

All Things Supply Chain

The counterfeiting merchandise market has boomed over the last few years.

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Trending Sources

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Walmart sells intermodal assets to JB Hunt

Supply Chain Dive

One expert told Trucking Dive the retailer likely assessed it was better off eliminating its private intermodal fleet after reviewing operating costs.

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Four Strategies for Enhancing Supply Chain Readiness and Resiliency

Supply Chain Brain

Optimizing supply chain readiness and resilience will remain a top priority for the automotive industry in the coming year, as executives manage the convergence of political, economic and environmental risks.

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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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Smaller suppliers’ finances have deteriorated since pre-pandemic

Supply Chain Dive

Large buyers have been pressuring suppliers, dragging down smaller, private firms’ operational efficiency, according to RapidRatings analysis.

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The Dawn of AI in Procurement: Unleashing a New Era of Efficiency and Insight

SCMR (Supply Chain Management Review)

The promise of faster transactions, lower costs, and widespread executive buy-in are driving AI-powered procurement to deliver new efficiencies and insights.

More Trending

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How to become an AI+ enterprise

IBM Supply Chain Blog

We have all been witnessing the transformative power of generative artificial intelligence (AI), with the promise to reshape all aspects of human society and commerce while companies simultaneously grapple with acute business imperatives. In 2024, companies confront significant disruption, requiring them to redefine labor productivity to prevent unrealized revenue, safeguard the software supply chain from attacks, and embed sustainability into operations to maintain competitiveness.

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Sievo: Vendor Analysis (Part 1) — Spend Analytics and Carbon Management solution overview, market analysis, company SWOT, competitors

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Sievo and its solution for spend and carbon management analytics. Procurement organizations need effective analysis to make informed decisions, identify cost-saving opportunities, manage risks, and measure and improve performance. Analytics enhances the overall effectiveness and strategic impact of the procurement function within an organization.

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5G advantages and disadvantages: What business leaders need to know

IBM Supply Chain Blog

If you’re in the technology sector (or really, if you’re involved in any business that relies on digital technology at all), you’ve likely heard the buzz around 5G. The latest high-speed cellular network standard is poised to transform wireless connectivity as we know it and usher in a new age of digital transformation. Like any new technology, however, it’s wise to take a step back and consider the pros and cons before diving in.

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Sievo: Vendor Analysis (Part 2) — Analytics solution: strengths and weaknesses, user considerations

Spend Matters

Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and weaknesses of Sievo’s procurement analytics solution. It also suggests elements to consider when looking at Sievo as a potential solution provider. Part 1 of the series provides a history and overview of Sievo’s analytics solution and a company-level SWOT analysis and profiles of competitors.

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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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Navigating Transportation Management Procurement in 2024

Supply Chain Brain

Currently, it’s a shipper’s market. The quantity of freight in circulation is low, providing shippers with leverage. Transport companies are dropping rates to attract business.

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Sievo: Vendor Analysis (Part 3) — Analytics solution details and analyst summary

Spend Matters

Part 3 of this Spend Matters Vendor Analysis focuses on a deeper overview of Sievo’s analytics offering, with a detailed look at each of its modules. It concludes with an analyst summary. Part 1 focuses on company background and general capabilities and gives a SWOT analysis and a look at its competitors. Part 2 looks at the solution’s strengths and weaknesses and offers user considerations.

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A New Model for Retailer-Supplier Collaboration

SCMR (Supply Chain Management Review)

Leveraging a profound truth and the power of silence to improve collaboration and supply chain performance.

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Construction supply chain headaches persist 4 years into pandemic

Supply Chain Dive

As the fourth anniversary of COVID-19’s arrival in the U.S. nears, contractors are still dealing with challenges around materials pricing and availability.

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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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William Ury’s Possible: How We Survive (and Thrive) in an Age of Conflict 

Negotiations Ninja

William Ury is a long-time student of the art of negotiation and mediation. He originally got a Ph.D. in Anthropology but decided to apply it to something practical: Negotiation. He helped found the program on negotiation at Harvard Law School. He’s always loved reflecting on what leads to negotiation successes and failures.

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394: Be Agile, Decrease Costs, and Improve Supply Chain Accuracy, with Osa Commerce

Let's Talk Supply Chain

  Today I’m joined by Osa Commerce , an innovative technology company that is on a mission to tackle data chaos. Osa specializes in connecting, unifying, and automating commerce operations for retailers, logistics providers, and their customers. With their advanced AI-powered Collaborative Visibility Platform and intelligent decision-making capabilities, Osa power supply chains to sell wherever their customers are, so they can focus on scalable growth – and be one step ahead.

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Retail Supply Chain & Logistics Expo Returns to Las Vegas in Early May 2024

Supply Chain Brain

The 2024 show is an anticipated event for many, after the success of 2023, demonstrating it to be one of the leading retail focused supply chain and logistics events.

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O’Reilly invests in larger distribution centers

Supply Chain Dive

The auto parts company is relocating two facilities and is building a site in Virginia to up capacity and service capabilities.

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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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Supply constraints? Demand-shaping revisited

SCMR (Supply Chain Management Review)

Supply chain managers working with sales and marketing can ensure products in demand match with available supply to maximize profits.

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Wayfair plans consolidated delivery option to lower costs

Supply Chain Dive

Consumers receiving multiple items at the same time can boost efficiency and attract more sales, the company's CEO said.

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APQC Infographic: Preparedness in 2024

SCMR (Supply Chain Management Review)

The infographic below shows how organizations performed on their business goals in 2023, as well as areas of focus for 2024.

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JetBlue and Spirit Airlines Merger Abandoned After Block by Judge

Supply Chain Brain

A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival.

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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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Are you good or great?

SCMR (Supply Chain Management Review)

Boeing is providing a real-time case study on why supply chain diligence is vital to the health of your organization.

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Boeing, Spirit AeroSystems Audit Finds ‘Multiple’ Quality Lapses, FAA Says

Supply Chain Brain

The shortfalls were found at both Boeing and Spirit AeroSystems Holdings Inc., which makes most of the 737’s fuselage.

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Driving supply chain flexibility in an uncertain and volatile world

SCMR (Supply Chain Management Review)

The SC-Flexibility Drivers Matrix creates a roadmap to creating the versatility modern supply chains require.

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Parcel carrier ADL Final Mile boosts Florida presence via acquisition

Supply Chain Dive

The purchase of Sonic Transportation and Logistics comes as ADL eyes more deals to fuel its growth.

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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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From Apprentice to Pro: AI’s workforce promotion awaits

SCMR (Supply Chain Management Review)

Artificial intelligence is infiltrating the workplace in ways far beyond managing a robot workforce.

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Imports Surge Under U.S. Trade ‘Loophole’ Surge

Supply Chain Brain

The customs loophole has allowed e-commerce giants Temu and Shein to flood the country with cheap imports.

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Navigating unchartered waters for competitive advantage

SCMR (Supply Chain Management Review)

Strategies for weaponizing supply chain/network management capabilities in uncertain times.

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Magnus Mondays: Direct Materials P2P — Is That a Thing?

CPO Rising

Today I’m wrapping up our mini-series on direct materials and what differentiates it from indirect by looking at the transactional side — also known as procure to pay (P2P).

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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