Tue.Oct 29, 2024

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Boost Your Business with Procurement and Sourcing

Procurement Freelancers

Does it feel like your business is spending too much money? You’re not alone. Think… The post Boost Your Business with Procurement and Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

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Apple Ships $6B of iPhones From India in Shift Away from China

Supply Chain Brain

Apple exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier

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Trending Sources

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Tumbler manufacturer Stanley using AI to predict supply disruptions

Supply Chain Dive

Stanley 1913 expects to improve scenario planning and supply chain visibility with the Kinaxis Maestro platform.

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Webinar — The considerations that haunt Spend Matters 50/50 lists

Spend Matters

On October 31 at 10:30 a.m. ET, the Spend Matters Analyst Team will celebrate Halloween by treating all to a webinar that shares the insights they have derived while compiling this year’s 50 to Watch, 50 to Know and Future 5 lists. These lists mark the 11 th year in which Spend Matters highlights the best in procurement technology development and innovation.

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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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ABS: 'Significant Potential' for Nuclear-Powered LNG Carrier Ships

Supply Chain Brain

According to the study from the ABS, a nuclear-powered vessel wouldn't need to refuel, although its reactor would need to be replaced every six years.

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Giant Eagle initiates warehouse management system upgrades

Supply Chain Dive

The grocery retailer is now using a cloud-based platform at three distribution centers, with plans to expand to the rest of its network by next summer.

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Follow up to yesterday’s “Do you see what I see in this screenshot” post

Procurement Insights

What do you see in the graphic below? – [link] Here is what I see: Best of Suite – In theory, end-to-end back-end platforms consisting of multiple Best of Breed front-end bolt-on ProcureTech solutions. (Think Mendocino Project, DUET, and Microsoft Office concept) Best of Breed – Bolt-on systems transformed to front-end Apps (up to 75% of which will be gone by the end of 2025 via acquisition, absorption, or closing down) Build Your Own Suite – The early stages of the Agent

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Data Is the Catalyst for True Collaboration in Shipper-Carrier Partnerships

Supply Chain Brain

To navigate the uncertainty surrounding rate negotiations, shippers and carriers are rethinking how they approach their contracts.

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Dawn Foods names new supply chain SVP

Supply Chain Dive

Ahmet Hepdogan will oversee procurement, distribution services and supply chain for the bakery ingredients distributor.

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Port of Montreal Dockworkers Plan Indefinite Strike at Two Terminals

Supply Chain Brain

Dockworkers at the Port of Montreal have been without a labor agreement since their previous deal expired at the end of 2023.

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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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The Three Reasons Why Most ProcureTech Solution Providers Won’t Be Around After 2025

Procurement Insights

Michael Lamoureux – okay, gloves off When you read the following post , keep one word in mind: solipsistic! Many factors will contribute to the AI Bubble Burst in 2025, which will be more challenging in some ways but concentrated on specific industries. A big part of that is because most solution providers have these fatal flaws: They continue to use a tech-first equation-based development and implementation model.

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Automated Line Item Suggested Pricing Leads to Success

Arkestro

Resources / Blog / Automated Line Item Suggested Pricing Leads to Success Automated Line Item Suggested Pricing Leads to Success AI and machine learning is taking procurement by storm and once time consuming tasks are becoming streamlined through technology and data-driven processes. With so much potential to leverage, 79% of corporate strategists report that AI and analytics will be critical to business success over the next couple of years.

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How Learning in the Flow of Work (LIFOW) is Reshaping Financial Training – And How We Fit Right In

Shapiro Negotiations Institute

Put hundreds of banking industry training leaders in a room and watch what happens. That’s exactly what our Director of Business Development Erica McNulty discovered at this year’s Bank Trainers Conference in St. Louis after countless discussions with Training and HR Managers from banks and credit unions across the country. Their message rang loud and clear: traditional training methods have hit their limit, and they want real solutions that work in today’s world.

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Hedging Consumer Behavior Bets in Warehouse Planning

Supply Chain Brain

Distribution and warehouse professionals face another challenging period, with consumer behaviors changing faster than ever before.

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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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Trucking rates, demand to stay lackluster for rest of year, analysts say

Supply Chain Dive

Pricing is expected to remain relatively flat for LTL and truckload rates in Q4, according to the TD Cowen/AFS Freight Index.

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Crushing It with Customer Success - Dan Gianfreda from DeepStream

The Procuretech Podcast

In this episode of The Procurement Software Podcast, host James Meads interviews Dan Gianfreda, the new CEO of DeepStream, to explore how procurement teams can move from reactive to proactive tech adoption. Focusing on key procurement challenges and organisational maturity, Dan shares actionable insights to help procurement leaders make smarter, value-driven technology decisions aligned with their team's capabilities.

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Q3 2024 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 16 vendors

Spend Matters

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.