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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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.
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.
Load Optimization: A Sustainable Way To Reduce Transportation Costs
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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.
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.
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.
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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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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.
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.
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.
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.
Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations
Advertiser: GEP
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.
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.
Four Ways to Reduce Your Scope 3 Emissions From Within
Supply Chain Brain
APRIL 24, 2024
While the effort may be more challenging than Scope 1 and 2 reporting, there are many things a company can do to reduce Scope 3 carbon emissions.
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?
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.
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
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.
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.
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
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.
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.
"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.
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.
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.
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.
The Ultimate Guide to Transportation and Load Building Optimization
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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.
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
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.
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.
How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software
Advertiser: GEP
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.
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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