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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Ocean freight rates surge further as Red Sea crisis develops

Supply Chain Dive

Shipping experts warn that additional rate increases, capacity shortages and delays are on the way.

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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From Reactive to Resilient: Charting Your Supply Chain Maturity

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.

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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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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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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.

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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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Top financial services trends of 2024

IBM Supply Chain Blog

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. While high interest rates and inflation concerns are carrying over into the new year, financial services trends signal to prepare for major changes in real-time by staying up-to-date on all financial services-related matters, including in banking and capital

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?