Mon.Oct 21, 2024

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4 Challenges in Supply Chain Digitization and Solutions

All Things Supply Chain

In an era where technological advancements are necessary for staying competitive, the digitization of supply chains represents a pivotal shift in operational excellence.

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The revenue generation

Procurement Leaders

There are many ways that procurement brings financial value to an organisation – from the consistent delivery of year-on-year savings and cost avoidance to the strengthening of working capital positions and cash flow. But perhaps the most progressive of impacts that CPOs can pursue is to drive revenue generation – using procurement’s powers and relationships to deliver top-line impact.

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McDonald’s sues Tyson, JBS and other beef producers for allegedly fixing prices

Supply Chain Dive

The fast food giant, which is the world's largest buyer of beef, alleges major meat companies conducted illegal acts to drive down supplies.

Price 117
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USPS Proposes End to Dual Shipping Label Policy

Supply Chain Brain

Private shippers will typically use dual labels to identify both the USPS and a private mail carrier as possible delivery agents for a parcel.

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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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UPS, FedEx shipping discounts counter growing surcharges

Supply Chain Dive

Per-package ground parcel rates reached their lowest level since 2021, according to the TD Cowen/AFS Freight Index.

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Dept. of Commerce Invests $93M in Pair of Chip Manufacturing Projects

Supply Chain Brain

Once the facilities are up and running, they are expected to boost Infinera's domestic semiconductor manufacturing capacity by 10 times.

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More Trending

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Maersk Raises Guidance Again as Red Sea Attacks Boost Rates

Supply Chain Brain

Maersk had already raised its 2024 profit forecast in May, June and August, as the Red Sea conflict was having a larger than previously expected impact.

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Spendscape by McKinsey: Vendor Analysis (Part 1) — Spend and CO2 analytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Spendscape by McKinsey and its solution for spend and CO2 analytics. Analytics are vital to the success of a procurement team, as data-driven decision making, improving efficiency and productivity, risk management, cost reduction and much more all depend on solid analytics. While many tools include analytics in the loosest sense, it takes an expertly designed analytics-focused tool to deliver the full value possible.

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Watch: How Supply Chain Bottlenecks Are Jeopardizing Europe’s Net-Zero Targets

Supply Chain Brain

Stefan Benett, managing director with Inverto, discusses the challenges of obtaining sufficient production capacity and raw materials to keep Europe’s energy sector on track to achieve “net-zero” emissions targets.

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Amazon Business Reshape 2024

Spend Matters

During the week of September 23, I represented Spend Matters at the Amazon Business Reshape 2024 event in Dallas, Texas. The event, which hosted over 1,100 attendees (a 28% year-over-year increase), detailed Amazon Business’s growth, revealing that it has reached over $35 billion in annualized sales and serves more than 6 million business customers.

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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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Yobe Launches Next-Generation Voice Extraction Solution For Enterprises

Supply Chain Brain

The system even captures emotional cues like frustration or satisfaction, helping businesses gain deeper insights into customer sentiment, improve operational efficiency and deliver enhanced user experience.

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The Save Mart Companies closing two California distribution centers

Supply Chain Dive

The move will impact 527 workers as the regional grocer aims to "maximize supply chain efficiencies" in a competitive environment.

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Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike

Supply Chain Brain

A tentative deal between Boeing and the union doesn’t guarantee that workers will also fall in line.

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Spendscape by McKinsey: Vendor Analysis (Part 2) —  Spend and CO2 analytics product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary

Spend Matters

This second part of the Spend Matters Vendor Analysis on Spendscape by McKinsey’s spend and CO2 analytics solution details its strengths and opportunities. It also looks at the voice of the customer and what considerations may factor in choosing Spendscape as a potential solution provider. Part 1 of the series provided a history and overview of Spendscape’s solution and the solution’s roadmap/vision.

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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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Case Study: An NGO Helps Multinationals to Tackle Modern-Day Slavery with AI

Supply Chain Brain

With the help of a market-leading AI platform, companies can help to bring about a safer and just future for workers around the globe and their organizations to succeed.

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7 reasons carrier partnerships matter when shipping cross-border freight

Supply Chain Dive

Discover 7 key reasons why the right carrier partnership is crucial for shipping cross-border freight.

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Fleetio, Razor Tracking Partner on Fleet Management Platform

Supply Chain Brain

The cloud- and mobile-based system automates maintenance management for fleets, by taking in recall alerts, tracking fuel use, and logging vehicle inspections.

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Procurement Strategy And The Human Element

Procurement Insights

EDITOR’S NOTE: The following is the discussion stream resulting from a thought-provoking interview between Shaun Syversten and David Loseby which illustrates perfectly why the agent-based model is critical to ProcureTech initiative success. Shaun Syversten: “Economics, unfortunately, as originally conceived” – “many others probably before” How much do you rely on logic when making decisions in procurement?

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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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431: Fleet Logistics Made Easy, with TSG Fleet

Let's Talk Supply Chain

   Today I’m joined by TSG Fleet , the one-stop-shop for large private fleets. TSG, part of the Transportation Services Group of companies, is a leader in outdoor industrial storage for Southern California and North Texas. And, as a full-service center for local, regional and national private fleets and intermodal carriers, TSG also provides maintenance and repair to dry vans, containers, chassis, refrigerated trailers, and straight truck vans.

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Value Chain Traceability: A Major Challenge for the Sustainable Fashion Industry

Supply Chain Brain

Technology is already playing a key role in enabling fashion brands to make huge strides in tracking their supply chains and positioning themselves at the forefront of sustainable development.

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Nurturing Innovation at the MEMA Annual Auto Conference

Arkestro

Nurturing Innovation at the MEMA Annual Auto Conference Cultivate the Future of Automotive with Arkestro The MEMA Original Equipment Suppliers Annual Conference is a two-day event which brings the supplier and manufacturer communities together to foster connections in the heart of the automotive world. This event empowers attendees by providing critical information from industry leaders and creates invaluable connections with great networking opportunities.  Suburban Collection Showplace 46100

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Hi, Jon – Zip $2 Billion Valuation, is it hype or reality?

Procurement Insights

I love the active engagement within my community – including the comments and questions I receive in the virtual mail or message bag every day. It was not surprising that one of the most frequent questions I received today related to the $2 billion Zip valuation. More specifically, what did I think about it? Here are my preliminary thoughts: As for Zip, while great news for investors, it doesn’t necessarily mean much for improving the 80% initiative failure rate.

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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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Karen Betancourt talks moving up and taking others with you

Let's Talk Supply Chain

Hurricane Milton has disrupted Florida’s logistics networks, impacting everything from road and rail transportation to portal operations. The storm has fueled effects that may disrupt industries for weeks or even months. Understanding how the industry can rebound means looking back at how logistics teams have tackled disruptions in the past and proven recovery plans.

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7 Best Practices for Finance Contract Management

ContractSafe

Learn the seven essential best practices for finance contract management in order to streamline processes, mitigate risks, and ensure compliance.

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431: Fleet Logistics Made Easy, with TSG Fleet

Let's Talk Supply Chain

  Today I’m joined by TSG Fleet , the one-stop-shop for large private fleets. TSG, part of the Transportation Services Group of companies, is a leader in outdoor industrial storage for Southern California and North Texas. And, as a full-service center for local, regional and national private fleets and intermodal carriers, TSG also provides maintenance and repair to dry vans, containers, chassis, refrigerated trailers, and straight truck vans.

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Magnus Mondays — SAP Spend Connect: Data, Intelligence, and Suite

CPO Rising

I spent last week in Las Vegas attending SAP Spend Connect. Spend Connect is the evolution of the old Ariba Live and now covers the entirety of SAP Intelligent Spend… The post Magnus Mondays — SAP Spend Connect: Data, Intelligence, and Suite appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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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.