August, 2023

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Solving the procurement problem: Too many tools, not enough data

Spend Matters

Procurement professionals and IT leaders tasked with managing software procurement today can often only focus on the top 20% of vendors. Why? It’s a convergence of three main factors: lack of data, limited resources and inefficient tooling. SaaS and vendor management has become increasingly complex Procurement and IT are being inundated with software access, vendor intake and renewal requests.

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Sustainable Procurement: What it is and its Importance

SCMDOJO

Discover the power of sustainable procurement in enhancing supply chain resilience and brand reputation and learn about its importance.

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Trending Sources

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The 10 Biggest Shipping Companies in the World

All Things Supply Chain

The global economy relies heavily on the shipping industry, the backbone of international trade. A seamless and efficient supply chain is vital for the movement of goods across continents.

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The Importance of Investment in Ports for the Future of the Supply Chain

Supply Chain Brain

Healthy, modernized seaports are essential for the profitability of businesses and investors everywhere. Our new white paper answers these questions and details the areas of seaports where investments will bring the biggest payback.

Import 105
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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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The Market Speaks: Procurement practitioner requirements and the tech vendor response — Simfoni

Spend Matters

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. But we also endeavor to grow our understanding of the wants and needs of the customers using that tech – the practitioners.

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The Big Interview with Fraser Macdonald

Procurement Heads

For Procurement Heads’ latest Big Interview, he spoke with  Sagar Bhardwaj  about his procurement career. How did you get into Procurement? My career in procurement started when I completed my apprenticeship in business and administration at 17, working within the local authority where I was part of the property management and investment team and was involved in the publication of pin notices, quick quotes and mini competitions.

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How Amazon Shipping could shake up the parcel delivery industry

Supply Chain Dive

While not yet a heavy hitter against FedEx and UPS, experts say the service’s straightforward fees could entice small- and medium-sized businesses.

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Supply Chain Weekly Wrap-Up 08/04/2023-08/10/2023

All Things Supply Chain

GM blames supplier for EV production delay General Motors (GM) CEO Mary Barra disclosed that issues with an automation equipment supplier have caused unforeseen delays in the company’s electric vehicle…

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357: Leverage the Power of Shipping Intelligence, with Reveel

Let's Talk Supply Chain

Today I’m joined by Reveel, a forward-thinking digital platform that is on a mission to level the playing field with innovative shipping intelligence technology that gives businesses control over their parcel shipping expenses. Reveel is the leading Parcel Shipping Intelligence Platform that enables companies to level the playing field with FedEx and UPS.

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Top 10 TikTokers to Take Off your Supply Chain

SCMDOJO

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” That was fun, right? In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains. Beyond dance moves, they offer bite-sized insights for success, promising to elevate you above inefficiencies.

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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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Navigating the Challenges of Freelance Buyers: Tips and Tricks

Procurement Freelancers

With the work environment transforming, a growing proportion of people are considering freelancing as a… The post Navigating the Challenges of Freelance Buyers: Tips and Tricks first appeared on Procurement Blog | Procurement & Supply Chain News.

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From Blocks to Bites: A Cheese-Inspired Approach to Change Management

Art of Procurement

Bear with me for a moment… Close your eyes and imagine someone handing you a large block of your favorite. The post From Blocks to Bites: A Cheese-Inspired Approach to Change Management appeared first on Art of Procurement.

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Inside Hershey’s $1B push to boost its supply chain capacity

Supply Chain Dive

The multi-year undertaking will allow the candy maker to balance existing capacity with future flexibility, an executive said.

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Supply Chain Weekly Wrap-Up 08/18/2023-08/24/2023

All Things Supply Chain

Panama Canal delays causing unrest for Shippers The Panama Canal is currently facing disruptions due to low water levels and restrictions imposed to conserve water.

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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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354: Stop Supply Chain Chaos and Get One Step Ahead, with Osa Commerce

Let's Talk Supply Chain

  Today I’m joined by Osa Commerce , an innovative software provider that is on a mission to tackle data chaos in the supply chain. Osa specialize in connecting, unifying, and automating commerce operations for retailers, logistics providers and their customers. With its advanced AI-powered collaborative visibility platform and intelligent decision-making capabilities, Osa powers supply chains to sell wherever their customers are, so they can focus on scalable growth – and be one step ahead.

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Walmart Supply Chain: Building a Successful Integrated Supply Chain for Sustainable Competitive Advantage

SCMDOJO

Introduction The global business landscape has witnessed an increasingly fierce competition, pushing companies to seek effective strategies to maintain and enhance their competitiveness. Among these strategies, the role of supply chain capability stands out as a key factor in driving success. A well-optimized supply chain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market.

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The Importance of Supplier Audits in Risk Management

Procurement Freelancers

The landscape of organizations is constantly evolving, underscoring the significance of risk management. As international… The post The Importance of Supplier Audits in Risk Management first appeared on Procurement Blog | Procurement & Supply Chain News.

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The Problem with Performative ESG

Art of Procurement

Although we talk about ESG programs all the time, they actually haven’t been with us for very long. ESG initiatives. The post The Problem with Performative ESG appeared first on Art of Procurement.

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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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Norfolk Southern outage could lead to weeks of disruptions

Supply Chain Dive

The railroad is still investigating the cause of the Monday outage, but does not believe it was a cybersecurity incident.

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Supply Chain Weekly Wrap-Up 07/28/2023-08/03/2023

All Things Supply Chain

Amazon opens robotics FC in Detroit Amazon has opened its first operations facility in Detroit, a robotics fulfilment center (FC) spanning 823,000 square feet.

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Big Oil Investing in Carbon Management

Procurement Bulletin

Chipmaker, Arm files for IPO Arm, the British chipmaker owned by Japan’s Softbank, saw Nvidia hit $13.5 billion in revenue in the most recent quarterly earnings report and though, “Hey, I want some of that too!” As the British chipmaker pivots to an AI-led strategy, they have filed for an IPO in New York instead of the UK. Big Oil Investing in Carbon Management As the world begins to move to electric for vehicles and transportation and the focus shifts to cleaner energy sources

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7 Reasons Why You Should Reduce Inventory

SCMDOJO

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. In this article, we’ll explore seven compelling reasons why you should reduce inventory and how it can be a game-changer for your business.

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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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The Importance Of Supplier Auditors In Ensuring Quality And Compliance

Procurement Freelancers

Ensuring the calibre and conformance of vendors: Is this something you desire? Well, look no… The post The Importance Of Supplier Auditors In Ensuring Quality And Compliance first appeared on Procurement Blog | Procurement & Supply Chain News.

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[Pod] Strengthening Your Corporate Culture to Survive Challenging Economic Times

Art of Procurement

“Procurement needs to be a friend. They need to have relationships. Without relationships, the price on a piece of paper. The post [Pod] Strengthening Your Corporate Culture to Survive Challenging Economic Times appeared first on Art of Procurement.

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Want to Help with Hurricane Idalia Relief? Here’s How

SCMR (Supply Chain Management Review)

As Hurricane Idalia made landfall on Wednesday morning along the Florida coast, the need for logistics and supply chain support following the storm will be great. ALAN’s executive director offers advice on how to get involved.

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The 5 Largest Microchip Companies in the World

All Things Supply Chain

In the fast-paced world of technology, microchips are the unsung heroes that power our devices, from smartphones to self-driving cars.

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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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353: Women in supply chain™, Holly Pearce

Let's Talk Supply Chain

In today’s episode of Women In Supply Chain, I’m joined by Holly Pearce, a self-confessed supply chain champion! Holly has over 20 years of industry experience, working at the director level across multiple global organizations. Currently the Director of Logistics for C+D Trojan, she is a transformation champion, seeking to improve supply chain processes and customer experience through continuous improvement, vertical integration, and shared visibility.

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Ensuring Safe Material Handling in Warehouses

SCMDOJO

Ensuring the safe material handling of these materials is not just a matter of policy or regulation; it’s the linchpin of efficient warehouse operations and by extension, effective Supply Chain Management. The Importance of Material Handling in Warehouses Material handling is one of the most important warehouse activities. It involves the movement, storage, control, and protection of goods throughout the process of manufacturing, distribution, consumption, and disposal.

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The Benefits of Outsourcing Procurement Services to Consultants

Procurement Freelancers

To pursue efficient operations and stronger financial performance, organisations are leveraging external procurement resources. The… The post The Benefits of Outsourcing Procurement Services to Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

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Analyst Eye on scanning the dark web

Spend Matters

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the development of dark web monitoring as a tool in cyber supply chain risk management. “During a recent product demo,” Meena Ibrahim, Spend Matters Research Analyst, recalls, “a supplier intelligence provider mentioned its partnership with a platform that uses the dark web to uncover supply chain risk.

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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.