September, 2023

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Spend Matters: Uniting manufacturing CFOs and procurement for margin expansion

Arkestro

As the economy teeters between a so-called ‘soft landing’ and all-out recession, an emerging consensus across C-suites has taken shape: the time to cut costs is now. Once again, all eyes are on procurement. A recent study from CreditSafe showed an eye-popping 95% of North American manufacturers plan to push for cost reductions with their suppliers in the next six to twelve months.

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Nerves of U.S. Steel

Art of Procurement

“You can’t unscramble eggs.” – J.P. Morgan U.S. Steel was formed in 1901 when J.P. Morgan financed the merger of. The post Nerves of U.S. Steel appeared first on Art of Procurement.

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7 focus areas for negotiating procurement contracts

Supply Chain Dive

Reviewing clauses and KPI disclosures can help procurement managers minimize supply chain risks.

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The power of supplier diversity in procurement: Driving business success through inclusion — Part 1 (Definition and Importance)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Unpacking the Complexities of Services Procurement

Art of Procurement

Art of Procurement recently polled our community to identify the most complex challenge procurement must overcome when managing a services. The post Unpacking the Complexities of Services Procurement appeared first on Art of Procurement.

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Navigating the Complex Supply Chain of the Diamond Industry

All Things Supply Chain

The diamond industry has long been associated with luxury, beauty, and timeless elegance.

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U.S. to Spend $1.4B on Railroad Infrastructure

Supply Chain Brain

Freight rail infrastructure has come under scrutiny recently amid derailments, accidents involving hazardous materials, and blocked crossings.

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FedEx testing AI-powered, trailer-loading robots

Supply Chain Dive

The collaboration with Dexterity AI aims to help the delivery giant more efficiently load the wide variety of shipments it handles.

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Unlocking Efficiency and Savings: The Benefits of E-Sourcing Tools in Procurement

ProcurePort

In today’s fast-paced business landscape, procurement plays a pivotal role in an organization’s success. Efficient procurement processes can lead to substantial cost savings, improved supplier relationships, and enhanced overall competitiveness. To achieve these objectives, many businesses are turning to e-sourcing tools, revolutionizing the traditional procurement landscape.

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Getting a Kiss From a World Class Supply Chain

Art of Procurement

Founded in 1894 by Milton Hershey, The Hershey Company has seen their share of ups and downs. Not only have. The post Getting a Kiss From a World Class Supply Chain appeared first on Art of Procurement.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Supply Chain Weekly Wrap-Up 09/08/2023-09/14/2023

All Things Supply Chain

Tesla reinvents carmaking with breakthrough Tesla is reportedly on the verge of a game-changing development in electric vehicle (EV) manufacturing.

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Procurement vs. Warehouse – war or cooperation?

ABC of Procurement

Both Procurement and Warehousing are part of the Supply Chain. But so often their interest are exactly opposite. How to find the right balance? The post Procurement vs. Warehouse – war or cooperation? first appeared on ABC of Procurement.

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Five Tactics for Enabling Smart and Sustainable Supply Chains

Supply Chain Brain

Data-driven, predictive and agile supply chains can help companies achieve their net-zero emissions goals by enabling end-to-end efficiency.

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UPS gains critical exemption to operate drones beyond line of sight

Supply Chain Dive

A new ground-based surveillance system will allow UPS to fly Matternet M2 drones without a visual line of sight throughout the route, setting the stage for increased delivery activity.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

In an era marked by growing environmental concerns and the urgent need for sustainable practices, procurement has emerged as a pivotal player in fostering sustainability within organizations. Procurement, traditionally seen as a function focused on sourcing goods and services at the best possible prices, has now evolved into a strategic driver for sustainability.

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THE BIG INTERVIEW WITH LAURA DANIEL

Procurement Heads

For Procurement Heads’ latest Big Interview, Laura spoke with Gemma Burman about her career in procurement and what challenges she and other procurement leaders currently face in the industry. How did you get into Procurement? So, like most people, I didn’t choose procurement. I think it chose me. I started my career at nPower, a large utility company.

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Supply Chain Weekly Wrap-Up 09/01/2023-09/07/2023

All Things Supply Chain

First American Uranium Reports on New Mexico’s Past Uranium Mining First American Uranium is highlighting the historical uranium production in New Mexico, particularly in the Grants district, where the company’s…

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Mainframe and the cloud? It’s easy with open source

IBM Supply Chain Blog

This is part four in a five-part series on mainframe modernization. The secret to mainstreaming the mainframe into today’s modern, cloud-centric IT environments is to make the experience of working with the mainframe like the experience of working off the mainframe—especially the developer experience (DX). Historically, working on the mainframe was an entirely different experience from the distributed world.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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Strategic Responses to Supply Chain Trends

Supply Chain Brain

Companies are always going to face the unexpected and unpredictable. The hard part is knowing how to prepare for these supply chain trends strategically.

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Port of Los Angeles sees the first volume increase in 13 months

Supply Chain Dive

Container volumes at the port were up 3% YoY in August.

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The power of diversity in procurement: Driving business success through inclusion — Part 3 (Technology)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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CPO SPOTLIGHT: JON WILLESCROFT

Procurement Heads

For our latest CPO Spotlight, Jon spoke with James Dobbin about how he entered the world of procurement and some of the challenges CPOs currently face. You went to the University of Bath, achieving a BSc honours in Business Administration. What made you choose a career in procurement? Could you tell us a bit about your career journey so far? The University of Bath was – and I think still is – a real centre of excellence for Procurement and Supply Chain.

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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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Supply Chain Weekly Wrap-Up 09/15/2023-09/21/2023

All Things Supply Chain

Amazon and Maersk renew biofuel partnership The demand for sustainable ocean transportation services is growing, with a wide range of industries, including fashion, retail, automotive, and more, seeking eco-friendly shipping…

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Generative AI: Meet your partner in customer service

IBM Supply Chain Blog

Brands that deliver an excellent customer experience (CX) will always be more resilient than those that don’t. Giving our customers personalized support at every stage of their journey is proven to earn their longtime loyalty—and keep them from switching to a competitor. The challenge, however, is that many teams operate in siloes that inhibit them from applying their customer insights in meaningful ways.

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Three Trends to Watch During Peak Season 2023

Supply Chain Brain

For retailers, time is running out for peak-season planning. That’s why it’s important to study your existing peak-season data.

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UPS unveils 5.9% shipping rate increase, higher peak season surcharges

Supply Chain Dive

The rate hike applies to Ground, Air and International services and will take effect Dec. 26.

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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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Where AI Actually Matters in the Supply Chain

The Network Effect

AI is big in supply chain management, but there are places it is ideally suited to, and other areas that are highly problematic. Ranjit Notani explains.

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What is ABC Classification? How to Calculate ABC Classification

SCMDOJO

Unlock efficient inventory management with ABC classification. Learn the steps, benefits, and use SCMDOJO's tool for quick analysis.

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Supply Chain Weekly Wrap-Up 08/25/2023-08/31/2023

All Things Supply Chain

Shell to Shelve Plan to Shrink Its Carbon Footprint Shell Plc’s Chief Executive Officer, Wael Sawan, has terminated the company’s ambitious carbon offsets program, a plan to develop environmental projects…

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Data is essential: Building an effective generative AI marketing strategy

IBM Supply Chain Blog

Generative AI is powering a new world of creative, customized communications, allowing marketing teams to deliver greater personalization at scale and meet today’s high customer expectations. The potential of this powerful new tool spans the entire end-to-end marketing process, from internal communications and productivity to customer-facing channels and product support.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic