Emerging Trends in Logistics Training: Preparing for Tomorrow’s Challenges
All Things Supply Chain
APRIL 24, 2024
Navigating the ever-evolving landscape of logistics requires a keen understanding of emerging trends.
Wed.Apr 24, 2024
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Port of Baltimore preps new alternate channel for larger vessel traffic
Supply Chain Dive
APRIL 24, 2024
The limited access channel could help draw more commercial activity back to the port after the collapse of the Francis Scott Key Bridge.
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Trending Sources
Reinventing Defensive Supply Chain Risk With AI
Supply Chain Brain
APRIL 24, 2024
Moving from risk-reduction mode (defense) to opportunity-creation mode (offense) requires a mindset change and more advanced processes, technologies and talent.
GLS US launches direct delivery to and from Europe
Supply Chain Dive
APRIL 24, 2024
The carrier integrated its services with its parent's European network, which could help it stand out among FedEx and UPS alternatives.
GEP Spend Category Outlook Report 2025
Advertiser: GEP
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.
Gartner Warns 'Real Risk' Supply Chain Leaders Could Misuse GenAI
Supply Chain Brain
APRIL 24, 2024
Gartner's report warns that a focus on using GenAI to cut down on labor costs could alienate supply chain workers.
White House earmarks $1.5B in push for freight decarbonization
Supply Chain Dive
APRIL 24, 2024
Federal funds will support the electrification of ports and electric truck charging infrastructure, among other projects.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
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Coupa Inspire 2024: New product announcements centered around ‘Margin Multiplier’ theme
Spend Matters
APRIL 24, 2024
Spend Matters analysts attended Coupa Inspire Americas 2024 in Las Vegas, the company’s 11th annual Inspire conference and its largest to date. In their first dispatch our analysts cover Coupa CEO Leagh Turner’s opening speech, which touched on Coupa’s five initiatives to bridge the customer “margin erosion zone:” assisting customers with growth, efficiency, productivity, resiliency and sustainability.
Watch: Challenges in Today’s Supply Chains — and How Technology Can Help
Supply Chain Brain
APRIL 24, 2024
Technology, including AI, offers help with almost all challenges in today's supply chains. But it's important to separate hype from reality, says Amin Sikander, president of Synkrato.
Daato: Vendor Analysis — ESG compliance solution overview, competitors, user considerations, analyst summary
Spend Matters
APRIL 24, 2024
In this Spend Matters Vendor Analysis, we give an overview of Daato, an ESG compliance solution built to address the challenges companies face with complying to different reporting frameworks. The regulatory landscape that procurement professionals have to navigate is constantly changing. New regulations are frequently being introduced, especially regarding sustainability.
European Parliament Approves Human Rights 'Due Diligence' Directive
Supply Chain Brain
APRIL 24, 2024
The law requires select EU companies to mitigate against business practices like forced labor, pollution, and various other human rights abuses.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
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.
How to prevent prompt injection attacks
IBM Supply Chain Blog
APRIL 24, 2024
Large language models (LLMs) may be the biggest technological breakthrough of the decade. They are also vulnerable to prompt injections , a significant security flaw with no apparent fix. As generative AI applications become increasingly ingrained in enterprise IT environments, organizations must find ways to combat this pernicious cyberattack. While researchers have not yet found a way to completely prevent prompt injections, there are ways of mitigating the risk.
Battery Recycling Shatters the Myth of Electric-Vehicle Waste
Supply Chain Brain
APRIL 24, 2024
The latest advances in battery recycling, including by leading U.S. battery recycler Redwood Materials, are shrinking EVs’ footprint.
Lowe’s taps DoorDash for on-demand deliveries
Supply Chain Dive
APRIL 24, 2024
The partnership marks DoorDash’s entry into the home improvement category as the company grows its roster of retailers.
Boeing Posts $355M Loss in First Quarter of 2024
Supply Chain Brain
APRIL 24, 2024
The planemaker saw revenue fall 8% year-over-year in Q1, in what CEO David Calhoun called a "tough moment" in a letter to employees.
GEP Outlook Report 2025
Advertiser: GEP
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
Who is responsible for the success of procurement’s digital AI transformation?
Procurement Insights
APRIL 24, 2024
“ Gartner states that 85% of AI projects fail due to unclear objectives and obscure R&D project management processes. Also, 87% of R&D projects never get to the production phase, while 70% of clients indicated minimal or even no impact from AI. Nov 6, 2023” – Neurons Lab Should analyst performance be assessed by the successful implementations of the providers they list in their Dynamic Analyst Solution Map?
Key Trends and Themes for Supply Chain and Logistics in 2024
SCMDOJO
APRIL 24, 2024
In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. And we know that numbers don’t lie. According to industry reports, over half of business leaders acknowledge the need for supply chain improvements, with 52% believing they could enhance their operations.
The Benefits of Cashless Procurement Systems
NLPA (Next Level Purchasing Association)
APRIL 24, 2024
The global supply chain is undergoing a metamorphosis. Traditional methods are struggling to keep pace with the complexity and dynamism of modern commerce. In this evolving landscape, cashless procurement systems are emerging as a powerful tool for businesses to streamline operations, enhance transparency, and gain a competitive edge. A Procurement Revolution: Embracing Cashless Systems At its core, a cashless procurement system eliminates the use of physical cash in the procurement process.
NRF Urges Congress to Pass Legislation to Fight Organized Retail Crime
Supply Chain Brain
APRIL 24, 2024
The NRF argues a federal response to organized retail crime is critical, as law enforcement agencies across jurisdictions often lack sufficient resources to quickly catch and prosecute retail criminals.
10 Ways to Leverage Buyer Signals and Drive Revenue
Advertiser: ZoomInfo
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.
The Pivotal Role of Early Procurement Involvement: A Sage’s Guide
World of Procurement blog
APRIL 24, 2024
In the intricate tapestry of the procurement process, early engagement is not merely a step but a fundamental strategy that can significantly shape the outcome. The role of procurement has evolved from transactional to strategic, signaling a transformative shift in its impact on business success. As we traverse this path of enlightenment together, let us delve into why early procurement involvement is vital, the challenges of late engagement, and the pioneering solutions that are shaping the fut
Data privacy examples
IBM Supply Chain Blog
APRIL 24, 2024
An online retailer always gets users’ explicit consent before sharing customer data with its partners. A navigation app anonymizes activity data before analyzing it for travel trends. A school asks parents to verify their identities before giving out student information. These are just some examples of how organizations support data privacy , the principle that people should have control of their personal data, including who can see it, who can collect it, and how it can be used.
"Why Supply Chain Sustainability Matters and How to Improve It"
World of Procurement blog
APRIL 24, 2024
As businesses increasingly recognize the importance of sustainability and the role they play in environmental and social issues, the focus is turning to the supply chain. A company's supply chain encompasses the entire network of suppliers, manufacturers, distributors, and other partners involved in the production, distribution, and disposal of products and services.
Biden Administration Raises Salary Threshold for Overtime Pay
Supply Chain Brain
APRIL 24, 2024
Starting on July 1, the threshold will increase from $35,568 to $43,888, and then again to $58,656 on January 1, 2025.
From Reactive to Resilient: Charting Your Supply Chain Maturity
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In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.
How to Create a Procurement Policy
World of Procurement blog
APRIL 24, 2024
In the vast and vibrant landscape of procurement, a robust policy does not merely serve as a guideline—it is the bedrock upon which successful procurement practices are built. With a blend of wisdom, insight, and foresight, let us delve into the critical endeavor of creating a procurement policy that not only sets the standard but elevates your procurement processes to new heights.
Navigating the Procurement Business Processes: A Comprehensive Guide
World of Procurement blog
APRIL 24, 2024
Welcome, esteemed colleagues and burgeoning professionals, to another elucidative exploration in the world of procurement. Today, we voyage through the intricate web of procurement business processes. Delve into this rich tapestry with us, as we unravel the complexities and illuminate the path to procurement excellence. Understanding the Procurement Process At its core, the procurement process is a strategic axis around which the efficiency, effectiveness, and ethical standards of a business rev
Top 15 Procurement Certifications you should know about
World of Procurement blog
APRIL 24, 2024
In the dynamic and ever-evolving world of procurement and supply chain management, staying at the forefront of professional development is not just advantageous – it’s imperative. For those committed to this challenging and rewarding field, acquiring the right certifications can significantly boost your expertise, credibility, and career prospects. Today, we delve into the top 15 procurement certifications that stand as beacons of knowledge, skill, and proficiency in the industry, with a particu
Mastering the RFQ: A Strategic Guide for Procurement Success
World of Procurement blog
APRIL 24, 2024
In the orchestra of procurement processes, each instrument plays a vital role in achieving the symphony of successful procurement outcomes. Today, we delve into the Request for Quotation (RFQ), a critical piece in this ensemble, elucidating its nuances and how it harmonizes with the broader procurement strategy. With World of Procurement as your conductor, let us enrich your repertoire with the knowledge and insights needed to master the RFQ process.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
Advertiser: ZoomInfo
As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.
The Art and Science of Buying Versus Procurement: Navigating the Nuances
World of Procurement blog
APRIL 24, 2024
In the kaleidoscopic world of procurement, understanding the nuances between buying and procurement stands as a beacon of insight for professionals aiming to master the craft. Both realms encapsulate crucial aspects of acquisition strategies but diverge in scope, complexity, and approach. Let’s embark on an enlightening journey to demystify these concepts, unfolding their key differences, similarities, and the quintessential skills and best practices that define them.
Unveiling the Strategic Tool in Procurement: The RFI
World of Procurement blog
APRIL 24, 2024
In the ever-evolving landscape of procurement, the ability to gather insightful information, understand market capabilities, and forge synergistic relationships with suppliers is paramount. This is where the Request for Information (RFI) emerges as a pivotal instrument for procurement professionals. At World of Procurement, we stand as your sage guide, unraveling the RFI’s utility and best practices to empower your procurement journey.
The Critical Role of a Statement of Work in Procurement
World of Procurement blog
APRIL 24, 2024
Within the professional milieu of procurement, the Statement of Work (SOW) is not just a document, but a foundational pillar for project success and accountability. Mastering the SOW is akin to a sculptor learning to chisel marble—without this skill, the end result may disappoint. Hence, we delve into the intricacies of the SOW, understanding that this instrument can be the linchpin in either fortifying or undermining your business outcomes.
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