All Things Supply Chain
MARCH 18, 2024
Ever since the horse and cart was replaced by its motorised successor, the humble diesel truck has evolved each year to become an increasingly efficient machine, capable of carrying heavier…
Procurement Leaders
MARCH 25, 2024
Question: What’s driving your thinking when it comes to the rollout of artificial intelligence in procurement? Is it the efficiencies that might be gained from harnessing the technology? How about the insights that might be available? Or is it more fundamental, such as the potential new business models that might become possible? Or – whisper it quietly – the risks you face from not thinking about it at all?
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Supply Chain Dive
MARCH 26, 2024
The company is consolidating locations as part of its "Network of the Future" initiative, which aims to reduce its labor needs and save $3 billion by 2028.
Procurement Templates
MARCH 28, 2024
Happy Easter. It’s a time for reflection and the resurrection of Jesus. Spend the time reiving your tired body and enjoy time with loved ones. My Valentines Satire post was rather popular so here is the Easter one! Procurement Parody: An Easter Reflection In the solemn glow of Easter, as we celebrate renewal and rebirth, let us turn our attention to a ritual as ancient and mystifying as the resurrection itself: procurement.
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Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.
ProcurePort
MARCH 28, 2024
Negotiation is at the heart of procurement. Whether you’re securing the best prices, managing supplier contracts, or resolving disputes, the ability to negotiate effectively is crucial for procurement professionals. In business today, being good at negotiation is more than just getting a good deal. It’s also about creating lasting relationships, reducing risks, and creating value […] The post Essential Negotiation Skills for Procurement Professionals appeared first on ProcurePo
Art of Procurement
MARCH 21, 2024
The last few years have not been kind to retailers. Inventory misalignment has dragged down revenue and working capital. Companies. The post Treasure Hunting with TJX appeared first on Art of Procurement.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Procurement Leaders
MARCH 26, 2024
For many procurement and supply chain leaders, it is standard practice to involve suppliers early when developing new products and services. But does it work? Early supplier involvement is a term that has evolved since the 1990s, when the world discovered that Japanese automotive OEMs such as Toyota and Honda outperformed their competitors in terms of design quality and time-to-market.
Supply Chain Dive
MARCH 20, 2024
Consulting experts, prioritizing data analytics and highlighting sustainability efforts can help ensure reliable operations in the face of global disruption.
Supply Chain Brain
MARCH 31, 2024
Logistics and supply chain professionals are moving away from the short-term survival thinking that characterized the pandemic period.
Procurement Templates
MARCH 8, 2024
It’s time to celebrate! International Women’s Day is a wonderful occasion to celebrate the social, economic, cultural, and political achievements of women worldwide, while also advocating for gender equality. It’s a day to honour the contributions of women in every sphere of life and to recognize the progress that has been made, while also acknowledging the work that still needs to be done to achieve full gender parity.
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?
SCMR (Supply Chain Management Review)
MARCH 12, 2024
Many supply chains have developed plans to navigate through disruptions, but fewer have detailed crisis management plans to implement should the unthinkable happen.
All Things Supply Chain
MARCH 27, 2024
Amidst escalating attacks and a seemingly unending crisis, the Red Sea predicament is poised to disrupt trade volumes significantly and pose formidable challenges to shippers’ operational strategies at least in…
Procurement Leaders
MARCH 18, 2024
A few weeks ago, I wrote about how procurement, R&D and sustainability were being rolled under one leadership at Mars Wrigley. It’s a fascinating blueprint for how procurement is being viewed as a catalyst for sustainability – supporting the strategic involvement of suppliers in product development while embedding ESG across core business, and I’ll be watching developments with interest.
Supply Chain Dive
MARCH 7, 2024
Carrier executives are beginning to show optimism for a rate recovery, which could spell rising costs for customers.
Advertiser: GEP
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.
Supply Chain Brain
MARCH 5, 2024
The world’s major ocean container lines can’t get enough of big new ships — never mind the threat of severe overcapacity and a resulting downward pressure on freight rates.
Procurement Templates
MARCH 7, 2024
A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managing procurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services. Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement process
SCMR (Supply Chain Management Review)
MARCH 6, 2024
PepsiCo is known for its iconic food and beverage items, but it required partnering with other organizations to truly remake its supply chain on a journey to be “always everywhere” for its customers.
All Things Supply Chain
MARCH 25, 2024
Ever peeked behind the curtain to see how your favorite products come to life? Social media’s doing exactly that, pulling back the veil on manufacturing like never before.
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
Procurement Leaders
MARCH 11, 2024
Hands up if you’re either thinking about, have recently been through or currently undergoing a procurement operating model change. I have a suspicion – if you were to play the game – that a lot of virtual hands would be reaching for the sky right now. Why? Anecdotally, I’ve had several conversations with CPOs recently that have landed on the issue, which is one sure indicator, but another stronger indicator was last week’s CPO community call on the subject.
Supply Chain Dive
MARCH 26, 2024
While the port is still processing trucks, the loss of the Francis Scott Key Bridge will disrupt port operations for some time.
Supply Chain Brain
MARCH 19, 2024
Geopolitical risks are disrupting global supply chains and compelling business leaders to take third-party risk management more seriously.
Procurement Templates
MARCH 6, 2024
Ok, so we all agree that us procurement people are powerhouses to yield good results, well most of the time! We all love a good simile or metaphor or what ever it is, and they can be quite useful in getting down to the core qualities of something in one fell swoop. In a busy department, when trying to get to know your workmates, there is good way of getting to know each other, what fruit would you be?
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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.
Spend Matters
MARCH 25, 2024
Complementing our recent research into AI in procurement solution use cases and our wider theme around AI in general , Spend Matters has been undertaking a series of interviews with senior procurement practitioners to gauge the level of interest in, and infiltration of, AI and generative AI (GenAI) in the practical lives of the procurement organization today.
All Things Supply Chain
MARCH 4, 2024
The counterfeiting merchandise market has boomed over the last few years.
Procurement Leaders
MARCH 4, 2024
“Procurement is not a job, it’s a responsibility,” are words that will be nagging at the minds of a hundred procurement executives, following an impassioned speech by Henkel CPO Bertrand Conqueret in Frankfurt last week. As a founding member of Together for Sustainability (TfS) and a cofounder of the Sustainable Procurement Pledge, Bertrand was taking advantage of a prompt offered by the outgoing CPO of Innio, Thomas Janvier.
Supply Chain Dive
MARCH 14, 2024
Learning and development pros can encourage short bursts of instruction to help workers make progress in small chunks.
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
Supply Chain Brain
MARCH 17, 2024
When it comes to assessing supply chain risks, planners generally don’t place natural disasters at the top of the list. But with the growing number of extreme weather events, that could change in the coming years.
Procurement Templates
MARCH 3, 2024
I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. Can you spot the mistakes! She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right. A RFQ is used for low cost purchases and a PQQ is typically used for higher cost tenders.
Spend Matters
MARCH 5, 2024
Today Spend Matters is delighted to announce the release of its Spring 2024 SolutionMap and TechMatch℠ procurement technology rankings, which include 79 procurement technology vendors. Known as the most data-centric functionality assessment of procurement technologies in the industry, SolutionMap Insider put these 79 procurement technology vendors through rigorous functionality and capability assessments via 500+ RFI requirements across 12 source-to-pay (S2P) categories, with mandatory demos and
SCMR (Supply Chain Management Review)
MARCH 21, 2024
More procurement leaders are trying to implement AI and automation into their operations, shifting gears from a what’s possible to a how-to-implement strategy.
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