Thu.Jun 06, 2024

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Cost cutting is procurement execs’ top 2024 priority: Hackett

Supply Chain Dive

With interest rates still high and global elections creating economic uncertainty, many companies are being conservative about spending.

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Out-Of-Control Ship in Charleston Harbor Causes Bridge Closure

Supply Chain Brain

Police cleared traffic, cyclists and pedestrians from the eight-lane bridge before the ship arrived, keeping it closed for 10 minutes as the ship steamed underneath, authorities said.

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Estée Lauder globally deploys new integrated business planning process

Supply Chain Dive

The new process will leverage artificial intelligence and other recently adopted technology to improve inventory forecast accuracy, per executives.

Inventory 101
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Sending a Powerful Message About America’s Pharmaceutical Independence

Art of Procurement

Victor Suarez is a retired Colonel from the United States Army. He worked for the U.S. Department of Health and. The post Sending a Powerful Message About America’s Pharmaceutical Independence appeared first on Art of Procurement.

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

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Employers should include workers in AI plans, DOL says

Supply Chain Dive

The agency outlined a list of eight “AI Principles for Developers and Employers” last month, following up on a 2023 directive from the White House.

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Tive Releases Solo Lite Tracker to Monitor Shipments for Ocean Carriers

Supply Chain Brain

Solo Lite has global coverage in more than 186 countries, and includes a more environmentally-friendly non-lithium battery-powered option.

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Transfix sells brokerage to NFI, pivots its business

Supply Chain Dive

The digital firm will focus on selling software as a service.

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OneRail acquires Orderbot in Boost to Delivery Fulfillment Capabilities

Supply Chain Brain

OneRail says the acquisition will allow its last-mile delivery network to use Orderbot's inventory and order management systems to speed up fulfillment.

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How much supply chain visibility is too much visibility?

Procurement Insights

Here are five critical “touchpoints” in the supply chain. How does “visualizing spending, benchmarking suppliers, and maximizing profits” impact the following areas individually and collectively? To what degree does a breakdown or inefficiency at one point have a ripple effect through the other E2E touchpoints? How does it impact the “savings passed on across the supply chain, resulting in higher or lower product costs for consumers?

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10 Practical Steps To Reduce Scope 3 Emissions

Scope 3 emissions – which account for 70 – 80% of an organization’s emissions – are complex and multifaceted. They form the bulk of an organization’s environmental impact. It’s no surprise that enterprises still struggle to track and manage these emissions. '10 Practical Steps to Reduce Scope 3 Emissions' guides you through the essential phases of identifying, analyzing, and mitigating these emissions.

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Governor Scraps Controversial NYC Congestion Tolling Plan

Supply Chain Brain

A lawsuit from the Trucking Association of New York filed on May 30 claimed the tolls were unfairly targeting delivery trucks with the highest rates.

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How Predictive Procurement Orchestration is Revolutionizing Sourcing for Manufacturers as the Foundation for AI Transformation

Arkestro

Resources / Analyst Reports / How Predictive Procurement Orchestration is Revolutionizing Sourcing for Manufacturers as the Foundation for AI Transformation How Predictive Procurement Orchestration is Revolutionizing Sourcing for Manufacturers as the Foundation for AI Transformation Download Now Let's Talk There is a massive opportunity to obliterate and not just simply automate how things are done. — Spend Matters Summary This analyst report from Spend Matters discusses the pressing need f

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Why CFOs Hold the Key to Successful Software Selection

Supply Chain Brain

Chief financial officers are pivotal in navigating supply chain uncertainty. They must take a strategic approach to software evaluation to maximize investments and mitigate risks.

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From 100 to 1000: How High-Performing CPOs Use 100 Day Plans to Achieve Escape Velocity

Arkestro

Resources / eBooks / From 100 to 1000: How High-Performing CPOs Use 100 Day Plans to Achieve Escape Velocity From 100 to 1000: How High-Performing CPOs Use 100 Day Plans to Achieve Escape Velocity Download Now Let's Talk The CPOs who handle the stress and the long hours of the job with grace and humility share one thing in common: they absolutely love what they do, and the harder it gets, the more they love it. — Len DeCandia Former Johnson & Johnson CPO Summary In this eBook, we provid

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Watch: How Can Your WMS Flex When You're Growing Your Business?

Supply Chain Brain

When bringing on a new client, expanding into a new facility, or even opening a micro-fulfillment-based store, it's critical to have the flexibility in your warehouse management system that allows you to flex your operations as needed, says Chris O'Stean, vice president of solutions consulting at Softeon.

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Does Procurement Need to Work From the Office?

Una

Does Procurement Need to Work From the Office? The nature of procurement work is changing and considering the remote work debate, does procurement really need to work from the office? By Hugo Britt | June 11, 2024 Search Search The dust has definitely not yet settled around the remote working debate. The percentage of US companies offering flexibility increased from 51% to 62% last year , but 38% still prefer an in-person workforce.

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Product Marketing vs. Demand Generation: Their Key Differences

The Thomas Blog

Marketing products and planning campaigns to create customer demand can be essential to a marketer's strategy for attracting new customers. In product marketing, the focus is on showing a product or service to potential customers by highlighting its benefits. On the other hand, demand generation aims to create interest and produce new potential customer contacts through various channels and marketing strategies.

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Episode 169: Aspiring to Generous Leadership with Joe Davis

Una

EPISODE 169 Aspiring to Generous Leadership with Joe Davis By Kelly Barner | June 12, 2024 There will always be challenges to overcome – personally, professionally, and combined – but by finding the courage to work in community and to receive all each employee has to give, leaders can allow themselves and their teams to attain a new level of achievement.

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The What, Why and How of Total Procurement Orchestration

By 2027, Gartner predicts that 40% of sourcing will be handled outside of the procurement function. How can procurement pros ensure that the process is efficient and unified for all users? For a synchronized and democratized approach to procurement, leaders are embracing total procurement orchestration solutions. The What, Why and How of Total Procurement Orchestration details how a multi-level orchestration strategy streamlines procurement processes.

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Supply Chain Management Inefficiencies Threaten Organizations’ Competitive Advantage, New JAGGAER Research Reveals

Jaggaer

The post Supply Chain Management Inefficiencies Threaten Organizations’ Competitive Advantage, New JAGGAER Research Reveals appeared first on JAGGAER.

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Procurement’s Role in Building Social License

Una

Procurement's Role in Building Social License Organizations are recognizing procurement’s role in building social license to foster stronger ties in the communities in which they operate. By Hugo Britt | June 13, 2024 Search Search The residents of a small town in the Midwest were up in arms. A major manufacturing company had just announced plans to build a new production facility on the outskirts of their community.

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EU Nears Decision on New Tariffs For Chinese EVs

Supply Chain Brain

China has signaled that it plans to retaliate against any new EU tariffs with a 25% tax of its own on cars imported from Europe.

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What's new in Fraxion: Invoice batching

Fraxion

We’re pleased to announce the latest feature release for our procure-to-pay suite: invoice batching. This innovative feature enables the grouping of multiple approved invoices into batches for payment, saving time and increasing efficiency when processing payments for statements that include multiple invoices.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Podcast | How to Hang on to Your Warehouse Workers

Supply Chain Brain

Want to keep your warehouse workers in a tough labor market? Give them the right tools to do their jobs.

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Intake and Orchestration in procurement: How do the solution providers define its role? – Zip

Spend Matters

Spend Matters continues its focus on Intake and Orchestration as this quarter’s theme of special interest with a viewpoint on the importance of this market segment from Nick Heinzmann, Head of Research at e-procurement and intake management specialist, Zip. Our analyst recently wrote that it was Zip which “productized and popularized intake,” and that today, for something that did not really exist a few years ago, it is the fastest-growing procurement tech market.

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U.S. Seeks to Increase Pressure on Houthis in Threat to Yemen-War Truce

Supply Chain Brain

Leaders in Washington, D.C. have been striving to broker a cease-fire deal in Gaza for several months, with limited success.

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