Mon.Oct 14, 2024

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Tackling Child Labor in Global Supply Chains

All Things Supply Chain

Imagine walking into your local supermarket and picking up a bar of chocolate or a new smartphone without a second thought.

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CPO Crunch: Keep calm and carry on

Procurement Leaders

There are so many powerful and disruptive forces in play globally in the modern era that the volume of alerts, red flags and supply chain issues can soon become dizzying. CPOs are in the eye of the storm, managing disruption after disruption – from extreme weather to port strikes to out-and-out war. And these past two weeks have had all of these and more.

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Plans Are Nothing, Planning Is Everything — Are You Prepared to Compete in Any Environment?

Supply Chain Brain

The COVID-19 years showed us that the worldwide supply chain was unprepared for the global disruption that defined 2020 and beyond. Recovery was a challenge for most, as they scrambled to address old problems alongside a host of new ones.

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4 reasons why all companies need real-time inventory visibility

Supply Chain Dive

Real-time inventory visibility is no longer a luxury. It’s a necessity.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Boeing to Cut Workforce by 10% as Strike Eats Into Reserves

Supply Chain Brain

Boeing has already initiated a range of cost-cutting plans as it grapples with dwindling reserves and low output.

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Wesco taps Relex to upgrade supply chain operations

Supply Chain Dive

The Midwest convenience store chain plans to integrate the automation technology across 55 of its stores.

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FDA outlines new Drug Supply Chain Security Act exemptions

Supply Chain Dive

Several groups have been granted additional time to comply with the more than 10-year-old legislation.

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Buying and Selling Through Rebate Programs? Here’s How to Evaluate Them

Supply Chain Brain

Without detailed tracking, you won’t know how well they work and what might need to change.

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Why Do We Have to Bother With Transactional Costs?

The Good Spending

The true cost of a Purchase Order In today's business environment, transactional efficiency in procurement processes is crucial in maintaining smooth operations and optimizing costs. One of the most common aspects of procurement is processing purchase orders (POs). Whether running a small business or a large enterprise, understanding the cost per PO is essential for identifying inefficiencies and improving the transactional cost.

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Turkey Turns to World Bank to Finance $4B Railway Project

Supply Chain Brain

The railway would cross the Yavuz Sultan Selim suspension bridge, one of the longest and widest of its kind in the world.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Procurement Magazine: How Arkestro is Shaping the Future of Sourcing

Arkestro

Arkestro's Predictive Procurement Orchestration received two awards from the Sourcing Industry Group, which honours those shaping the future of sourcing

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Five Things You Need to Consider Before Pinning Your Industrial Space to the Ground

Supply Chain Brain

After a period of overcapacity, demand for industrial space, including warehouses and manufacturing facilities, is growing, and lease rates are rising as a result. Companies therefore need to be more careful than ever as they weigh a variety of factors when considering distribution network design and investment.

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Real-Life Lessons from Kongsberg Maritime and Boston Beer: Tackling Category Complexity

Jaggaer

Does today’s rise in category complexity increase the delays, complications, and headaches in your procurement operations? Complexity has become a significant concern in the world of procurement. Yet instead of eroding profits and monopolizing your time, complexity in the categories can be addressed effectively when you have the right strategies in place.

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Delivery Driver Retention Will Make or Break the Holiday Season

Supply Chain Brain

Driver turnover is worse than ever. Notwithstanding the state of the market, it’s critical to retain drivers heading into the holiday season.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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How to Find U.S.-Based Suppliers

The Thomas Blog

American manufacturers have increasingly been looking to optimize their production and sourcing processes by bringing them closer to home. These reshoring efforts involve moving production or shifting sourcing from overseas back to the U.S., which can reduce shipping costs, shorten lead times, improve sustainability and help companies avoid supply chain issues brought on by geopolitical uncertainties and sheer distance.

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DPW 2024 Wrap-up

Positive Purchasing

The Positive Purchasing Team is Back from DPW - What an Experience! Fresh from the bustling halls of Beurs van Berlage in Amsterdam, the Positive Purchasing team has returned with insights, stories, and a renewed sense of purpose in procurement after attending this year’s DPW Amsterdam event. The overarching theme? ’10X’ which emphasizes the need for organizations to think and act ten times bigger than their current capacity.

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Building The Bridge Between The Build Versus Buy Debate

Procurement Insights

“ Joël Collin-Demers this is what I have exactly done over the last decade in both the public and private sectors. Unfortunately, the companies get ahead of themselves and market what is in progress and market themselves trying to gain clients!” – Jenti Vantertuig’s response to the following comment from Joël Collin-Demers. EDITOR’S NOTE: Given our professional agree-to-disagree discussion over the weekend, it may surprise some that, in this instance, I agree with J

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Magnus Mondays — Conferences, Innovations, and Sore Feet

CPO Rising

This time of the year is always full of conferences and last week was certainly a whirlwind! Early Tuesday morning I flew down to Amsterdam for Keelvar Konnect and on… The post Magnus Mondays — Conferences, Innovations, and Sore Feet appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Fraxion recognized as a Market Leader in Procurement Software by FeaturedCustomers

Fraxion

We're thrilled to share that Fraxion was recognized as a Market Leader in the Procurement Software category of the FeaturedCustomers Fall 2024 Customer Success Report. This achievement highlights our customers' positive experiences and the commitment of our team in delivering top-tier procurement solutions.

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Zapro.ai: Vendor Analysis — Source-to-pay solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Zapro.ai and its solution for Sourcing, Contracts, Procurement, AP Automation, Vendor Onboarding, Budgets, Reporting & Analytics and Vendor Risk Management. Companies seeking support in areas across the source-to-pay (S2P) process can struggle with managing multiple tools. Zapro.ai aims to provide a unified approach to managing the entire procurement cycle and eliminate fragmented systems.