Fri.Oct 04, 2024

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Procurement 6 – October 4th, 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 – October 4th, 2024 appeared first on Art of Procurement.

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Port of New York and New Jersey set to reopen following ILA strike

Supply Chain Dive

The port will resume discharging cargo tonight, with two terminals opening this weekend for trucking activity.

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Cultivating an AI Mindset: Smart Trust

Supply Chain Trend

AI is infiltrating our personal lives and the workplace, and soon will be everywhere and irreplaceable in everything you do. At home and in the workplace. Developing and cultivating an AI Mindset will become a must for the modern knowledge worker. In a series of short blogs, I will explore three elements of an AI mindset. In this blog, Trust. Granting Trust to AI Within seconds of meeting someone new, we unconsciously identify if we can trust this person.

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Why Is Free Speech Bad For Procurement?

Procurement Insights

“Jon, I sometimes get ostracized by my own Procurement community when I make a statement that a lot of the new age procurement tech is still trying to make the “horses run faster”… they are still very much centered around a source to contract and a procure to pay tool. and you can only add enough juice to make the legacy processes run faster, more efficiently.” – “SK” Sanjeev Kumar Roy (October 4th, 2024) The above comment to one of my posts stopped me cold in my tr

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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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Flexport cuts 2% of staff in latest round of layoffs

Supply Chain Dive

The reorganization was “a natural next step” for the logistics provider after the acquisition of Shopify Logistics, a spokesperson said.

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Can Amazon “Reshape” the Procurement Industry

CPO Rising

As one of the few industry analysts with roughly a quarter century focused on and working in procurement, it was surprising to me how little I knew about the multi-billion… The post Can Amazon “Reshape” the Procurement Industry appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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U.S. Dockworkers Go Back to Work as Talks Extended to January

Supply Chain Brain

While the ILA and USMX found common ground on wages, the remaining issues may prove to be thornier ones.

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Giant Eagle slashing delivery wait times

Supply Chain Dive

The regional grocer is expanding its partnership with omnichannel platform Flybuy to reduce wait times for drivers.

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The ABCs of procurement in schools: How to simplify and save

Fraxion

In private, independent, and charter schools, balancing spending and budgets with educational priorities is essential to ensure resources are allocated efficiently and educational goals are met. With teachers and staff already stretched thin by curricular and student needs, time-consuming tasks like procurement can divert valuable focus. Procurement automation can transform how schools manage purchasing, expenses, and accounts payable, reducing the administrative burden for staff and giving educ

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Zip Forward 2024: Forging paths to sustainable success

Spend Matters

On September 25, Zip hosted its second annual ‘ Zip Forward ‘ Conference in San Francisco, California. Headlined “forging paths to sustainable success,” the event attracted roughly 400 live attendees and featured Zip’s new branding and the announcement of new features. Zip also hosted panels, Q&A sessions and more with various procurement and finance leaders from Prudential, Pixar, Arm, Coinbase and others.

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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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ILA-USMX deal praised by Biden, industry leaders

Supply Chain Dive

The two sides agreed to a three-month extension of the current master contract, reopening ports and allowing cargo flow to resume.