Tue.Oct 01, 2024

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CPO Crunch: A productive event

Procurement Leaders

We would all love to be more productive. After all, getting more output from the same, if not fewer, resources is one of the guiding principles of a growth-based strategy. It’s why countless CPOs have told us that it will be a key priority for them next year, and, by extension, it’s why a good proportion of our community activities in 2025 will focus on the productivity conundrum.

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Strike at U.S. Ports Brings Debate Over Automation Front and Center

Supply Chain Brain

Even if the dispute between the ILA and USMX is resolved quickly, the battle over automation at U.S. ports is set to rage on for a good long while to come.

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Layoffs mount amid low manufacturing demand: September PMI

Supply Chain Dive

The presidential election, an East Coast port strike and the impact of Hurricane Helene are creating a flurry of challenges for manufacturers this fall.

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Embracing the Future at Graceland: Insights from the Basware Premier Event

Spend Matters

During the week of September 9th, I attended the Basware Premier Event in Memphis — a fantastic gathering that delved into several key topics, including touchless invoice processing to accelerate workflows, the importance of ROI assessments and how AI can enhance AP outcomes. A customer panel shared their experiences with processing thousands of invoices and how Basware supported them in improving accuracy.

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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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Why FedEx still doesn’t have a new contract with its pilots

Supply Chain Dive

A federal mediator rejected a union request to be released from supervised negotiations as pilots push for better pay and retirement benefits.

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Shippers, Carriers Scramble to Deal with U.S. Port Workers’ Strike

Supply Chain Brain

Alternative East Coast ports — including Montreal, where half of the terminals are shut down by a strike — will not be able to handle large scale diversions.

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U.S. Imposes Duties on Solar Panels From Southeast Asia

Supply Chain Brain

The determination marks an early victory for domestic panel makers, who say cheap imports are harming their operations.

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Aldi plans to reach net-zero emissions targets by 2050

Supply Chain Dive

The grocer’s parent company said it will focus on refining various operations, including product sourcing and refrigeration, to achieve its goal.

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How’s your PO management? Start with the basics before moving on to AI

Spend Matters

This content does not express the views or opinions of Spend Matters Given the persistent economic uncertainty and inflation-induced price increases, reducing purchasing costs remains a priority for most procurement stakeholders in 2024, followed by ensuring supply continuity and combating rising prices. To guarantee that the business receives the necessary goods and services at the best quality-price ratio, procurement professionals strive to streamline purchase order management practices and i

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AOP Introducing… SimpliContract

Art of Procurement

SimpliContract is on a mission to create what its Founder and CEO, Guru Venkatesan, calls a “connected contract experience.” Contract. The post AOP Introducing… SimpliContract appeared first on Art of Procurement.

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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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ILA Workers Strike for First Time in 47 Years

Supply Chain Brain

The strike affects ports with the combined capacity to handle as much as half of all U.S. trade volumes.

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Top supply chain conferences to watch in 2025

Supply Chain Dive

Next year’s trade shows will focus on adopting technology innovations, navigating logistics risks and securing new talent.

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Autonomous Sourcing: The Key to AI-Enhanced, Efficient Procurement

Supply Chain Brain

Autonomous sourcing platforms, driven by artificial intelligence, are achieving significant returns on investment, according to a new report by research firm HFS.

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Late Night Edition: What is the connection between CPO leadership effectiveness and ProcureTech implementation success or failure?

Procurement Insights

In one of today’s discussion streams, I asked the question why have we made so little progress in addressing the challenges that we face in procurement. Here is an answer I received: “ Jon W. Hansen Wrong prioritization! „Sorry, no time for improvements, we are too busy with stupid useless activities!“ And: weak CPOs.” – Procurement Executive, Trainer, Consultant Here is my response: Right to the point; I respect that.

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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

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Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea

Supply Chain Brain

The 900-foot ship was hit by an uncrewed surface vessel 64 nautical miles northwest of the rebel-held port city of Hodeidah.

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Is Procurement a back office function in 2024?

Procurement Software

1999. The year I first tasted procurement. I was doing a summer job as a Buying Assistant in an automotive gearbox manufacturing company in my hometown. Procurement, or purchasing as it was usually called back then, was definitely a back office function. Yes, there was some sourcing and supplier management involved as part of the team’s activity. The majority of their work though was tactical and administrative buying.

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Watch: Where Are Order Management Systems Falling Short?

Supply Chain Brain

Deanna Kaufman, vice president of product management with Körber Supply Chain Software, argues that every order management system (OMS) today must be “borderless.

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Two Simple Images: Why The Akirolabs’ Webinar Is In My All-Time Top 3 List

Procurement Insights

I am going to show you two simple yet powerfully insightful images with corresponding links to demonstrate why the best ProcureTech solutions don’t come from tech companies. In 1998, my company’s solution was structured around levels “three to five,” as depicted in the above graphic. Here are the corresponding reference links that explain how we got there and what we achieved: Are you chasing solutions or solving problems?

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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.

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What’s new in Fraxion: Mobile app features and enhancements

Fraxion

We’re excited to introduce the latest enhancements to our Mobile app. The new features include purchase order (PO) visibility and downloads, receiving capabilities, and predictive defaults for request line items.

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Beyond the Fine Print: The Smart Guide to Contract Negotiation

Shapiro Negotiations Institute

Contracts. The lifeblood of business and often the bane of our existence. We’ve all been there – staring down a 50-page document, wondering if we’re about to strike gold or step on a landmine. Your palms might get a little sweaty, and your coffee intake might spike, but deep down, you know this is where the magic happens. It’s here where real deals are made and broken.

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ILA 'Muddying Waters' with Claims of $30K Freight Rates

Supply Chain Brain

The union recently claimed that carriers "are gouging their customers," alleging that it now costs $30,000 to ship a single container. Not so, says freight rate analytics company, Xeneta.

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