Wed.Nov 01, 2023

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Navigating The Procurement Tech Landscape

Positive Purchasing

Written by Jonathan O’Brien , leading procurement expert and CEO of Positive Purchasing Ltd. Jonathan and his team work with global blue-chip organizations to help transform their procurement capability. With Chat GPT almost becoming mainstream now, tech development is moving so fast it could give you a nosebleed. Not to be outdone, here at Positive Purchasing, we have released Capella, a new world-leading digital tool to guide users to the optimum category strategy – so I thought it would

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Panama Canal Cuts Ship Numbers Further

Supply Chain Brain

Earlier this year, authorities cut the number of ships passing through the canal for the first time ever.

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Flexport buys Convoy’s tech stack, plans to relaunch truckload service

Supply Chain Dive

Convoy’s network of more than 80,000 carriers will help Flexport build out its nascent trucking services, CEO Ryan Petersen said.

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Watch: The Big Changes in Supply Chain Network Strategy

Supply Chain Brain

Richard Thompson, international director of supply chain and logistics solutions with JLL, reviews the major changes that are occurring in supply chain network strategy in the post-COVID era.

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Enterprise ABM Marketing Tools: A Marketer's Guide

Savvy B2B marketers know that a great account-based marketing (ABM) strategy leads to higher ROI and sustainable growth. In this guide, we’ll cover: What makes for a successful ABM strategy? What are the key elements and capabilities of ABM that can make a real difference? How is AI changing workflows and driving functionality? This Martech Intelligence Report on Enterprise Account-Based Marketing examines the state of ABM in 2024 and what to consider when implementing ABM software.

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DHL Supply Chain shutters Ohio customer facility

Supply Chain Dive

The logistics provider plans to lay off more than 260 employees, starting Dec. 31.

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Vendor Lock-In is Inhibiting Technological Advancement in the Manufacturing Industry

Supply Chain Brain

Vendors that provide flexibility and the easiest connectivity options will be the ones that come out on top over the single-minded, rigid vendors.

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How Starlink's Innovative Mesh Network Principles Can Revolutionize the Logistics Industry

Supply Chain Brain

Ultimately, mesh networks can handle fluctuations in supply and demand, optimize routes, and create transparency and accountability in the supply chain.

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Murky economy leads manufacturers to cut staff, expectations: PMI

Supply Chain Dive

The ISM and S&P Global purchasing managers’ indices both showed manufacturers are making adjustments in light of soft demand.

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Toyota to Hike Pay for U.S. Hourly Workers After UAW-Detroit Deals

Supply Chain Brain

Workers at U.S. plants operated by Toyota are not unionized. But UAW President Shawn Fain has vowed to expand his union’s reach beyond the Detroit three by 2028.

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UPS plans for Happy Returns to power its consolidated returns service

Supply Chain Dive

The offering will lower handling costs for larger retail customers as the company looks to grow "ahead of the market," CEO Carol Tomé said.

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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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Transnet Starts South Africa Rail Reform With Key Unit Formed

Supply Chain Brain

The company has requested a bailout from the state of about 100 billion rand ($5.3 billion) over the next two years.

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CobbleStone Software: Vendor Analysis — Sourcing, contract lifecycle management and e-procurement solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of CobbleStone Software and its sourcing, contract lifecycle management (CLM) and e-procurement solution. CobbleStone is best known for its end-to-end CLM for legal, procurement, sales and risk teams. Its AI system, VIDSOM®, is present throughout its modules. CobbleStone is a no-code solution that over 1,000 companies have chosen in its 25+ years.

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3 B2B Integration Use Cases You Will See in 2024

Supply Chain Brain

Your supply chain is predictably unpredictable, especially when it comes to integration. As your trading partner’s expectations continue to rise, and more applications are added to your technology stack, it’s imperative to identify integration gaps within core revenue processes such as load tender-to-invoice or order-to-cash.

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UPS pursues greater delivery density to reduce emissions

Supply Chain Dive

The company is trying to increase its deliveries-per-stop ratio from 1.28 to 1.4, leaning on technologies like machine learning to do so, an executive said.

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4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. The reason for its rise? AI increases teams’ productivity by predicting and automating actions that require manual effort. In other words, the research that takes reps hours, AI can do in seconds. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data.

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Department of Commerce to Establish U.S. Artificial Intelligence Safety Institute

Supply Chain Brain

The Institute is set to lead the U.S. government’s efforts on AI safety and trust, particularly for evaluating the most advanced AI models.

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Jacksonville Port Authority cargo volumes rise 16% in September

Supply Chain Dive

Cargo volumes growth at Jaxport came from the addition of two new services and an upsize in vessel in one service, a spokesperson said.

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Jabil Acquires ProcureAbility

SCMR (Supply Chain Management Review)

Global supply chain and manufacturing solutions provider Jabil has acquired procurement firm ProcureAbility for an undisclosed sum.

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Top Trends in Procurement Services Likely to Become Popular in 2024

Procurement Freelancers

The field of procurement is evolving at a fast pace as we approach the new… The post Top Trends in Procurement Services Likely to Become Popular in 2024 first appeared on Procurement Blog | Procurement & Supply Chain News.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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Episode 139: Speaking the Language of Non-Verbal Communication with Laura Scarfe

Una

EPISODE 139 Speaking the Language of Non-Verbal Communication with Laura Scarfe By Kelly Barner | November 1, 2023 As human beings, being able to read and use non-verbal cues can determine the outcome of a situation, keeping us safe or strengthening the bonds we build with those around us. For procurement professionals in particular, being aware of non-verbal communication is absolutely essential, especially in situations of high intensity or where first impressions make the difference in measur

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Thanks to all who made NextGen a success

SCMR (Supply Chain Management Review)

Last month, I had the pleasure of attending the NextGen Supply Chain Awards in Chicago. It was my first time attending the conference, which was in its fifth year, and I came away impressed with both the content and the quality of professionals I met in Chicago.

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The Evolving Landscape of Talent Acquisition in Procurement

NLPA (Next Level Purchasing Association)

In recent times, the role of Chief Procurement Officers (CPOs) has shifted towards actively competing for the most skilled professionals to staff their procurement teams. This trend has gained momentum, with CPOs exploring innovative strategies to secure the best talent. To keep up with the changing dynamics of talent acquisition in procurement, it’s essential to remain informed about the latest developments.

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Some Good, Some Not-So-Good in Latest ISM Manufacturing Report

SCMR (Supply Chain Management Review)

Manufacturing output again contracted in October, according to the new edition of the Manufacturing Report on Business issued by the Institute for Supply Management.

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How to Create Sales Email Sequences That Convert

Modern go-to-market teams know it takes more than one email to break through the noise. Multiple touchpoints means more ways to get your pitch right — and, potentially, more ways to be wrong. The good news? Once you know how to write compelling, one-off emails to entice prospective customers, you can easily do the same across a short sequence of emails.

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371: Going Beyond Visibility – From Risk to Resilience: How Technology Is Transforming Global Supply chains

Let's Talk Supply Chain

  Last week on episode two of our mini-series with WiseTech Global , we dove deep into the world of customs and compliance, shedding light on the complexities and intricacies of international regulations. And, as we explored all of those topics, one thing became abundantly clear – there are inherent risks lurking in the shadows. So, today in episode three, we are continuing that exploration by asking a big question: How should we approach and manage these risks, not just within the compliance

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U.S. Bank Reports Lower Q2 Freight Payments, Expenditures

SCMR (Supply Chain Management Review)

Freight shipment volumes and spend declined again in the second quarter according to new data released by U.S. Bank.

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Yellow’s LTL Competitors Benefit From its Demise

Supply Chain Brain

As Yellow’s business disperses across a range of operators, other LTL carriers are holding the line on freight rates.

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Ardent Partners Hires Magnus Bergfors, former Gartner Analyst

CPO Rising

[Publisher’s Note: It goes without saying that we’re excited to make today’s announcement. I have known Magnus for more than a decade, first as the lead analyst at rival firm, Gartner, and more recently as a customer at several solution providers.

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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?

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U.S. Truck Shipment Volumes and Spend Decline for Third Quarter in a Row

Supply Chain Brain

While the overall economy continues to grow, U.S. Bank said, the truck freight economy is still impacted by many factors, including consumer spending on experiences over tangible goods.

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