Fri.Mar 01, 2024

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February manufacturing output declines, notes ISM

SCMR (Supply Chain Management Review)

The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 16th consecutive month.

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When it comes to blockchain, AI, and algorithms for procurement, “there is nothing new under the sun!”

Procurement Insights

In my fall 2004 analyses of a study on the use of web-based applications, I made the following observation: It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes of all transactional stakeholders, starting at the local or regional level. In other words, your organization gains control of it’s spend environment by relinquishing centralized functional control in favor of operational efficien

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Ethical Procurement is a Process Not to be Ignored

SCMR (Supply Chain Management Review)

Procurement processes must now consider ethical sourcing as a key element, and one that can significantly harm the organization if not followed.

Ethics 89
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FAA gives Boeing 90 days to address safety, quality control issues

Supply Chain Dive

An expert panel, which included representatives from NASA and labor unions, found the aircraft maker’s implementation of its safety culture confusing and inadequate.

Quality 81
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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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Harnessing generative AI for smarter supplier negotiations

SCMR (Supply Chain Management Review)

Project seeks to “place a data scientist in the pockets” of procurement professionals.

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Manufacturing pulling out of the ‘malaise’ despite some performance dips: PMI

Supply Chain Dive

While some metrics like employment and production were down based on the ISM's monthly report, economists remain optimistic about the year ahead.

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Redefining Procurement’s Value and Shifting Mindsets

Art of Procurement

Procurement has undergone a significant evolution, embracing responsibilities in margin protection, supply continuity, risk management, sustainability, and innovation. Yet, despite. The post Redefining Procurement’s Value and Shifting Mindsets appeared first on Art of Procurement.

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Gartner® Top 4 Predictions for Procurement in 2024

Arkestro

Resources / Blog / Gartner® Top 4 Predictions for Procurement in 2024 Gartner® Top 4 Predictions for Procurement in 2024 If the last five years have taught procurement professionals anything, it’s that things can change in an instant. From a global pandemic completely disrupting supply chains to the emergence of artificial intelligence (AI) as a game-changing technology to automate sourcing, the industry is on a fast track to depart from the status quo of procurement in decades past.

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Climate Activists Target London Insurers

Supply Chain Brain

In Europe, there were protests and actions in France, Germany and Switzerland. In the U.S., rallies took place in New York City, Houston, San Francisco, Portland and Denver.

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CPO Rising Listicle: Make AP Smarter with Six Recommendations

CPO Rising

Fridays (in 2024) means that it’s time for another CPO Rising Listicle. As AP leaders push deeper into 2024, they should remain focused on achieving their top priorities while also keeping an eye on the future.

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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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New Bid from GXO Steps Up Bidding War for U.K.'s Wincanton

Supply Chain Brain

The GXO bid complicates efforts by Ceva’s parent, container line CMA CGM, to expand its logistics reach.

Bidding 52
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Streamlining Your Business With Effective Supplier Sourcing Solutions

Procurement Freelancers

Today’s business world is highly competitive and choosing the right supplier is crucial to staying…