Thu.Jun 06, 2024

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Procurement Training Reimagined: SCMDOJO Launches Procurement Track

SCMDOJO

Do you dream of confidently navigating the ever-changing procurement world, not confused with what procurement training to opt for? Are you ready to ditch the “cost-cutter” label and become a strategic mastermind? The SCMDOJO Procurement Track isn’t just another training program – it’s your key to unlocking a commanding presence in the field.

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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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Trending Sources

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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.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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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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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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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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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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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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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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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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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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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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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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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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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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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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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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