September, 2022

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7 Purchasing Negotiation Strategies Every Buyer Should Use

ProcurePort

• In procurement, the balance of power can shift towards the suppliers for many reasons. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • In other cases, demand far outweighs supply, making it hard for buyers to negotiate. Such circumstances make it important for procurement teams […].

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Operational Procurement — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. Or receive our famous weekly newsletter. Operational Procurement — Everything You Should Know. Operational procurement sustains every business to do its daily operation. But many people are not familiar with this term. . Do not worry if you do not know operational procurement as this article will help you understand it.

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The Best Strategies for Ensuring On-Time Deliveries

All Things Supply Chain

Today’s consumer industry prioritizes efficiency more than anything else.

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The Top 8 Supply Chain Superpowers! - Supply Chain Game Changer™

Supply Chain Game Changer

Supply Chain professionals discretely exercise a set of Supply Chain Superpowers that make extraordinary contributions every single day.

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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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Episode 81: How to Persuade Anyone, Anytime with Simon Horton

Una

Episode 81: How to Persuade Anyone, Anytime with Simon Horton. By Kelly Barner | September 7, 2022. The power of persuasion is at play all the time and in all settings. Sometimes it is as simple as swaying a group of friends to agree with your restaurant preference, but other times there is far more at stake. Hostage negotiators and diplomats regularly find themselves in situations where their skills are needed to save lives and preserve stability.

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[Pod] Procurement 6 – September 02, 2022

Art of Procurement

Procurement 6 is a new short podcast from Art of Procurement that will be published in the Art of Procurement. The post [Pod] Procurement 6 – September 02, 2022 appeared first on Art of Procurement.

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Watch: AI Has a Role to Play in Global Sustainability

Supply Chain Brain

Artificial intelligence has an important role to play in promoting sustainability across the supply chain, says Erin Halka, senior director with Blue Yonder.

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RoPA: 5 Rules To Keep Your Business Data Protected

SCMDOJO

The damage caused by cyber attacks in 2022 till now is estimated to be around a whopping $6 trillion. The concern over data protection and GDPR Requirements is increasing for both individuals and corporations. While regulatory authorities are taking consistent measures to ensure data security , such laws and guidelines are only as effective as your application of them.

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Supply Chain's Moment of Truth Has Arrived! - Supply Chain Game Changer™

Supply Chain Game Changer

As we emerge from the pandemic Supply Chain is facing its moment of truth. Do we go back to old ways or start the Supply Chain Renaissance.?

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Episode 82: Winning at the Game of Risk with Rohit Hajela

Una

Episode 82: Winning at the Game of Risk with Rohit Hajela. By Kelly Barner | September 14, 2022. The speed of change is so fast these days that we are living in the future already. As a result, risks from cybersecurity and ransomware are increasing – as are the costs and business implications associated with them. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Rohit Hajela.

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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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[Pod] Setting the Standard for Procurement in Western Africa w/ Steve Ashcroft

Art of Procurement

“Perhaps I shouldn’t say this in a public sphere, but within our class of multilateral development banks, my ideal is. The post [Pod] Setting the Standard for Procurement in Western Africa w/ Steve Ashcroft appeared first on Art of Procurement.

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Automakers race to build EV battery supply chains in North America

Supply Chain Dive

Auto companies are pouring billions of dollars into new facilities and supplier agreements as they strain to secure needed raw materials.

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Four Emerging Supply Chain Jobs of the Future

Supply Chain Brain

There's been a a dramatic leap in awareness of the importance of supply chain management, one that will come with many opportunities for both employees and employers.

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3 practical benefits of a circular supply chain

Strategic Sourceror

Nations, states, businesses and institutions aren't the only ones "going green" nowadays — supply chain processes are as well. From eco-friendly warehouses to logistics entities investing in all-electric trucks to help with carbon emissions reduction, organizations aren't just advocating for sustainable supply chain practices, they're carrying them out by practicing what they support.

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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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How Smart CEOs Leverage Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! Being a CEO is tough enough, let alone how difficult it is if you don’t have all of the skills and knowledge needed. Many CEOs have a background in Finance or Sales and Marketing or Engineering, or are just entrepreneurs. But few have in-depth experience in Supply Chain, let alone understand how to leverage Supply Chain.

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Challenges And Opportunities In The Food & Beverage Industry

The Thomas Blog

The Food and Beverage Services Global Market Report expects the global market to grow from $3.2 trillion in 2021 to $3.7 trillion in 2022. It's a promising outlook, given that just a few years ago, Fortune reported an $18 billion loss for the top 25 U.S. food and beverage companies. As the newer generations move away from processed foods in favor of seeking healthier alternatives with cleaner labels, companies are adapting and pressing forward — t hat trend continues to grow at an excessive pace

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Audria Allies on Advocating for Yourself and Other Women in Supply Chain

Let's Talk Supply Chain

Over the last three years, we’ve all seen the human side of supply chain as frontline workers and supply chain leaders have found solutions to keep communities thriving through a decade defined by constant disruption. Between climate-driven events, COVID closures, and continually growing talent gaps, the human side of supply chain is an important element that needs to come into focus—both the impacts of supply chain disruption on consumers, their communities, and families.

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Railroads cut service in preparation for potential strike

Supply Chain Dive

Shippers are calling on Congress to intervene if railroads cannot reach an agreement with two of the largest unions by the end of the week.

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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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How AI Technology Can Improve Inventory Management

Supply Chain Brain

There’s a pressing need to make inventory management more flexible, resilient and stable. Many companies are turning to artificial intelligence as a solution.

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Port of LA urges shippers to return as operations return to normal

Strategic Sourceror

Of the United States' over 900 shipping ports, the Port of Los Angeles is the country's largest. In addition to being the entire continent's busiest, the LA authority has maintained this distinction for more than 20 years in a row, moving more shipping containers annually than any other at 9.2 million. But for the better part of two years now, the Port of Los Angeles has been the most problematic port, beset by supply chain pinch points and bottlenecks that have beleaguered the busin

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The Importance of Cloud Storage in Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How Cloud Computing Can Help Supply Chain! The supply chain industry is changing at an alarming rate as new technological innovations launch. Cloud storage is one of the technologies that have significantly revolutionized supply chain management. This page will look at ways in which cloud storage has impacted the supply chain sector.

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Redefining the Value Proposition of Procurement

Una

Redefining the Value Proposition of Procurement. By Hugo Britt | September 15, 2022. For Director of Global Sourcing for Medline Industries Brian Chaplin, being a sourcing hero means listening, learning, and taking action. “ It’s about being an active listener, being able to learn… and then driving change. That’s key for me. The people that I think are heroes are able to put aside what they think and truly listen to buyers, purchasing managers , and senior managers, and really learn from t

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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 complete guide to corporate travel management

Spendesk

Business travel can be hellish to manage. With employees flying all over the world, there are flights to book, accommodation to arrange, and an endless list of miscellaneous costs and tasks to keep on top of.

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UPS, FedEx and USPS suspend some services as Hurricane Ian hits Florida

Supply Chain Dive

Hundreds of ZIP codes and cities are affected as the hurricane’s landfall on Wednesday led to flooding and destruction in the southwest part of the state.

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No Time for Final-Mile Complacency

Supply Chain Brain

Congestion and inflation appear to be easing and schedule reliability has improved, but market signals suggest more of a lull in the current supply chain chaos than an end in sight.

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3 reasons why supply remains tight for food retailers

Strategic Sourceror

For food retailers, be they major supermarket grocery chains or one-location mom-and-pop shops, supply chain disruptions come with the territory. Unexpectedly elevated demand, weak harvests for berries and melons or unreliable wholesalers leave shelves spotty and customers disappointed from time to time. But rarely have so many food retailers encountered supply chain challenges all at once, despite being long removed from the worst of the pandemic.

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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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7 Ways the Right Pallet Racking Optimizes Warehouse Efficiency!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Pallet Racking Selection! Are you thinking of streamlining your warehouse operations to increase efficiency and productivity? If so, worry no more as this guide gives practical insights on selecting the right pallet racking , which is critical to optimizing your warehouse efficiency.

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Six Ways to Improve Your Category Strategy Development

Una

Six Ways to Improve Your Category Strategy Development. By Hugo Britt | September 13, 2022. When is the last time you referred to your category strategy? Without ongoing, data-driven category strategy development, procurement professionals will struggle to drive continuous improvement and stay aligned with the business. 6 ways to improve your category strategy.

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What are Autonomous Robots?? 8 Applications for Today’s AMRs

Let's Talk Supply Chain

What is autonomy? For humans, autonomy is what allows us to do tasks, like walking, talking, waving, opening doors, pushing buttons, and changing light bulbs. In robots, autonomy is no different. Autonomous robots, just like humans, can also make their own decisions and then perform an action accordingly.?A truly autonomous robot?is one that can?perceive?

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FedEx CEO says Ground contractors ready to deliver for the holidays

Supply Chain Dive

Interest in a peak season program signals delivery providers are willing to ramp up capacity, despite concerns that some may sit out Black Friday.

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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.