Tue.Jan 16, 2024

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CPO Crunch: Get involved, early

Procurement Leaders

Procurement Leaders’ CPO community will gather next Thursday to discuss the concept of early supplier involvement – a simple idea that formalises how key suppliers are involved early enough to contribute maximum value to a buying organisation’s strategic initiatives. Those procurement functions pursuing a deliberate supplier-enabled innovation programme will see the early involvement of suppliers as a positive thing.

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FedEx warns of delivery delays due to winter weather

Supply Chain Dive

The company's Express unit has activated contingency plans following "substantial disruptions" at a critical U.S. hub.

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Trending Sources

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How to Prevent Procurement Fraud With Analytics

Supply Chain Brain

Unmonitored supply chains, underlying inventory assets, a host of third parties, and frequent transactions make the manufacturing and retail industries a sweet spot for procurement and inventory fraud schemes.

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Join us at the forefront of AI for business: Think 2024

IBM Supply Chain Blog

You want to use AI to accelerate productivity and innovation for your business. You need to move beyond experimentation to scale. You have to move fast. Join us in Boston for Think 2024, a unique and engaging experience that will guide you on your AI for business journey, no matter where you are on the road. From building AI readiness with a thoughtful hybrid cloud approach, to scaling AI across core business functions and industry needs, to embedding AI into the heart of your enterprise strateg

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

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.

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Chocolate maker outsources packing operations after labor constraints

Supply Chain Dive

Rocky Mountain Chocolate Factory's mid-quarter transition was "difficult but critically needed" to help meet holiday demand, its CEO said.

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New Year Insights for the procurement solutions and services marketplace 2024: Simfoni

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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As Red Sea Crisis Drags On, Shippers Eye Alternatives

SCMR (Supply Chain Management Review)

While shifting Asian cargo from East Coast to West Coast U.S. ports adds time and cost, it is one option shippers have to counter continued risk in the Red Sea.

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Maximizing supply chain efficiency: The crucial role of payments in B2B marketplaces

Supply Chain Dive

While B2B marketplaces hold immense potential for optimizing supply chain dynamics, their success hinges on addressing the intricate nature of payments. The convergence of digital and traditional practices is key to unlocking the full potential of marketplaces.

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Accelerating sustainable modernization with Green IT Analyzer on AWS

IBM Supply Chain Blog

Businesses are increasingly embracing data-intensive workloads, including high-performance computing, artificial intelligence (AI) and machine learning (ML). These technologies drive innovation on their hybrid, multicloud journeys while focusing on resilience, performance, security and compliance. Companies are also striving to balance this innovation with growing environmental, social and governance (ESG) regulations.

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Ryder opens fulfillment center for Lexmark

Supply Chain Dive

The 1 million-square-foot facility in Indiana will add new delivery capabilities for the imaging and technology company.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

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.

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Stellantis Letting Go of Thousands of Italian, U.S. Workers

Supply Chain Brain

Stellantis will temporarily lay off 2,250 Italian workers after announcing plans to cut the jobs of 539 supplemental workers in the U.S.

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Episode 148: Optimization of Procurement in the Automotive Industry with Robert ?a?kovi?

Una

EPISODE 148 Optimization of Procurement in the Automotive Industry with Robert Čačković By Kelly Barner | January 17, 2024 Procurement professionals often talk about how they ‘fell’ into the field without a plan. And while this means procurement has a diverse range of skill sets in their ranks, it does leave many teams without a solid educational foundation like what might be found in marketing or operations.

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Michelin to Pause Spanish Production Due to Red Sea Crisis

Supply Chain Brain

Michelin suspended shifts at Spanish plants during the weekend of January 13 due to raw material delivery delays that arrive by sea from Asia.

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The advantages of holistic facilities management

IBM Supply Chain Blog

Beyond the traditional challenges of today’s markets, many organizations must also address the challenges of real estate and facilities management. These issues include managing rising real estate costs, increasing lease rates, new sustainability goals and under-utilized hybrid work environments. Successfully managing your facilities can directly impact employee productivity and customer satisfaction.

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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

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Port Houston cargo volumes dip 15% YoY in November

Supply Chain Dive

Despite the drop, total containers processed increased significantly from pre-pandemic levels.

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Chevron Still Plans to Ship Cargo Along Red Sea Route, CEO Says

Supply Chain Brain

The California-based oil giant is working with naval authorities in the U.S. and Middle East to move its cargoes through the region, said CEO Mike Wirth.

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How to build a successful product development strategy

IBM Supply Chain Blog

To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes.

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Investors to Back Resolution Calling for Shell to Align with Paris Agreement

Supply Chain Brain

The resolution has already received support from Scottish Widows, Candriam and Rathbones Group, as well as the French asset management firm Amundi.

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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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U.S.-bound imports are up in December and down for all of 2023, reports S&P Global

SCMR (Supply Chain Management Review)

December imports, at 2.2 million TEU (Twenty-Foot Equivalent Units), increased 9% in December, matching November’s annual percentage gain. For all of calendar year 2023, S&P reported that imports fell 8.5%, to 28.9 million TEU, while the fourth quarter posted an 8% annual improvement.

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Strategies for Building Knowledge in a Volatile World

Supply Chain Brain

There are strategies that leaders can employ to help themselves and their teams capitalize on the knowledge they need to tackle a world filled with uncertainty, complexity and ambiguity.

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Lead Generation: Definition, Strategies, KPIs

The Thomas Blog

Lead generation. Image Credit: Shutterstock.com/Funtap Finding and nurturing new consumers or clients is a key component of lead generation. It’s critical to any modern company. The whole goal is to guide mere prospects toward your products or services and make them more likely to buy. Leads come in many forms, and each reaches engagement stages and purchasing readiness at different times.

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Unlocking Value Creation: The Evolving Role of Procurement

NLPA (Next Level Purchasing Association)

In today’s competitive business landscape, maximizing value creation is no longer a privilege. It’s a necessity. Procurement, traditionally focused on cost reduction, is undergoing a transformation to become a strategic driver of value creation for organizations. The Expanding Definition of Value Creation in Procurement Historically, the value delivered by procurement was measured primarily by cost savings.

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The Ultimate Guide to Transportation and Load Building Optimization

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.

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Why we urgently need visionary Procurement Leaders

Procurement Software

Could more visionary procurement leaders be the cure for procurement teams not getting the recognition they deserve? We often don’t have the necessary organisational clout to orchestrate change. Is a lack of vision and creativity the culprit? This is a more editorial piece compared to what we typically publish. I desperately feel that there’s an urgent need to have this debate.

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How to Qualify an Inbound Lead: Process, Techniques, and Measuring Success

The Thomas Blog

Qualifying inbound leads is the most critical early step in the sales process. You can be sure that your sales team is focusing their efforts on leads with the highest potential for conversion. Every client-related action has a potential zero return, and this is made considerably more likely by poor qualification at initial or early engagement. Qualified leads.

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Retail Supply Chain & Logistics Expo to Take Place in February 2024

Supply Chain Brain

Explore a range of cutting-edge solutions encompassing AI, machine learning, transportation management systems, advanced planning systems, data analysis, automation solutions and more. These innovations can transform a product's journey, enhancing its overall effectiveness.

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13 Strategic Methods for Small Business Lead Generation

The Thomas Blog

In the ever-growing and competitive landscape of small businesses, lead generation is vital to your sustainable growth. Effective lead generation enables small businesses to expand their reach and build robust, loyal customer bases. To effectively generate leads, however, it is essential to consider and employ strategic approaches that maximize results.

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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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Materne North America Squeezes Out Significant Savings on Packaging with Arkestro

Arkestro

Press Releases / Materne North America Squeezes Out Significant Savings on Packaging with Arkestro Materne North America Squeezes Out Significant Savings on Packaging with Arkestro Maker of GoGo SqueeZ Uses Predictive Procurement Orchestration to Save $1 Million in Product Packaging Costs and Expand Supplier Base SAN FRANCISCO, CA, January 16, 2023 – Materne North America , also known as GoGo squeeZ, is the global leader in “applesauce in a pouch.

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Local Lead Generation: Meaning, Strategies, and Advantages

The Thomas Blog

Local lead generation describes methods and processes for attracting and/or retaining the attention of potential customers/clients who are geographically co-located with the business. It's a marketing strategy used to drive particularly proximal local traffic or inquiries from individuals or businesses within a short distance. Local lead generation.

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When does a negotiation reach a conclusion, e.g., when is it really over?

Procurement Insights

I have been negotiating as either a buyer or a seller for most of my life. For example, I still can’t understand why, after considerable research and diligently outlining the many advantages in point form, my parents wouldn’t let me get a pet monkey when I was 10. That proves that sometimes, no matter how well-prepared you are, the other side of the table remains unreasonable.

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B2B Lead Generation Marketing: Definition, Strategies, and Benefits

The Thomas Blog

B2B lead generation. Image Credit: Shutterstock.com/Wright Studio There’s an important distinction between sales qualified leads (SQLs) and marketing qualified leads (MQLs) when it comes to B2B lead generation. Maximize your marketing effects by listing your organization in niche directories and building a strong SEO plan of action. In addition to cutting expenses, these strategies expand and generate sales prospects.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro