August, 2024

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CPO Crunch: The gold standard of supply chain sustainability

Procurement Leaders

In this Olympic year, it was fitting that we handed out some gold medals at Ovation – Procurement Leaders’ CPO summit that took place last month in the Netherlands. Sadly we didn’t have any real gold medals, but the construct of competition did provide the motivation for CPOs to recognise their peers who they believed were doing something extraordinary to drive progress in sustainability.

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Adaptability and Resilience: The Twin Pillars of Sustainable Success

Supply Chain Queen

Sustainability strategies often revolve around two key concepts: adaptability and resilience. Both are crucial for creating sustainable systems, but they approach challenges in different ways. Here’s a breakdown of how each strategy works: Adaptability Adaptability focuses on the ability of a system or organization to change in response to new conditions.

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USPS sees steep drop in expedited shipping demand

Supply Chain Dive

The agency's Priority Mail Services volume dropped by 40.7% for the quarter that ended June 30 as shippers moved to more cost-effective options.

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Fishing for Truth in the Seafood Supply Chain

Art of Procurement

Oceana is a marine conservation nonprofit that has focused on seafood mislabeling for years, or “fish fraud” as it is. The post Fishing for Truth in the Seafood Supply Chain appeared first on Art of Procurement.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

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.

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Unlocking Cost Savings with Foreign-Trade Zones

Supply Chain Brain

The concept behind Foreign-Trade Zones (FTZs) is not hard to grasp — they act as secured places for receiving cargo into the U.S. without incurring tariffs, yet. Then, there are multiple ways those tariffs can be reduced. And yet, many companies are failing to make the most of FTZs to reduce costs, because they’re intimidated by the legal and organizational hurdles.

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Preliminary Market Engagement Notice

Procurement Templates

17 Preliminary market engagement notices (1) If a contracting authority carries out preliminary market engagement, the authority must— (a) publish a preliminary market engagement notice before publishing a tender notice, or (b) provide reasons for not doing so in the tender notice. (2) A “preliminary market engagement notice” means a notice setting out— (a) that the contracting authority intends to conduct, or has conducted, preliminary market engagement, and (b) any other information specified

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Improving B2B Relationships Through Better Supply Chain Practices

All Things Supply Chain

As a supply chain manager, you understand the importance of reliability.

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UPS plans surge fee for all China-to-US imports

Supply Chain Dive

The charge is based on billable weight and will impact 12 other countries and territories, starting Sept. 15.

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Freight Electrification as a Service

Art of Procurement

The need for freight, and its impact on humanity, can be traced back as far as the Silk Road across. The post Freight Electrification as a Service appeared first on Art of Procurement.

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Nature’s Network: What Supply Chains Can Learn from Mushroom Mycelium

Supply Chain Queen

Beneath the surface of the forest floor lies a hidden marvel of nature—the mycelium network of mushrooms. This intricate web connects trees, plants, and other organisms, enabling them to exchange nutrients, information, and resources. Remarkably, this natural system operates with principles that can profoundly inform and improve human-engineered supply chains, particularly as we strive for.

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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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Procurement Supply Chain Shocks in 2024: An Overview

Procurement Templates

The global supply chain in 2024 faces a myriad of challenges that continue to disrupt procurement processes across industries. The interplay of economic, geopolitical, environmental, and technological factors has created a volatile environment, compelling organizations to rethink their procurement strategies. In this post, we will explore the major procurement supply chain shocks in 2024, their causes, and the potential responses organizations are adopting to mitigate their impact.

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CPO Crunch: Why CPOs oughta start thinking about water

Procurement Leaders

Many of us take access to fresh water for granted. It’s on tap. It’s recyclable. Readily available supplies mean it’s not something we have to worry about. Yet, as CDP’s Miriam Denis Le Seve and Sonya Bhonsle told Procurement Leaders members during a recent Risk and Sustainability Cohort Call, four billion people experience severe water scarcity for at least one month each year.

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The Importance Of High-Quality Metal Components In Supply Chain Reliability

All Things Supply Chain

Picture a grand orchestra where each instrument must perform flawlessly to create a harmonious symphony.

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Walmart opens ocean shipping network to marketplace sellers

Supply Chain Dive

The box retailer’s cross border network provides full container load freight service from China to the U.S.

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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 (Lost) Art of Accepting Criticism

Art of Procurement

I’ve had a number of conversations recently about my content, not the content itself, but the process I go through. The post The (Lost) Art of Accepting Criticism appeared first on Art of Procurement.

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Procurement CV – a rant (again)

ABC of Procurement

Do you want to create a CV that every Procurement Manager will notice? Here are some tips from someone who reviews and hires based on them. The post Procurement CV – a rant (again) first appeared on ABC of Procurement.

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Attempting Digital Transformation? Try Embracing Team Resistance

Supply Chain Brain

A survey from Gartner found that effectively responding to team resistance and incorporating feedback increased the odds of transformation success by 62%.

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CPO Crunch: Data-sharing is caring

Procurement Leaders

Data has become the lifeblood of business. Much like ice-cold gelato on a summer’s day, leaders just can’t get enough of it. The challenge, as we all well know, is finding the right data, at the right time, and applying it to the right situations to elevate both the quality and impact of decision-making. But as a senior procurement performance manager at one FMCG company shared during a recent Data and Digital Strategy Cohort call, procurement could overcome this challenge by looking to both ext

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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 Digitalization is Fundamental to Retail Sustainability

All Things Supply Chain

A new study found that 90% of organizations are planning to enhance their ESG investments over the next three years, with a significant focus on improving data management systems using artificial…

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Canada’s rail networks edge closer to disruption

Supply Chain Dive

Soon after regulators said any labor action would be legal as early as Aug. 22, CPKC threatened to lock out some workers.

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Will FedEx Freight hit the open road?

Art of Procurement

When you read news that a company is thinking about spinning off a division, it is usually because that division. The post Will FedEx Freight hit the open road? appeared first on Art of Procurement.

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IntelAgree: Vendor Analysis — Contract lifecycle management solution overview, roadmap, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of IntelAgree and its contract lifecycle management (CLM) solution. The provider offers end-to-end CLM capabilities and increasingly arises in conversations with practitioners at mid-market firms or large enterprises that are considering a CLM solution. IntelAgree focuses on using AI (including generative AI) to address contract management pain points.

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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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100 Great Supply Chain Partners 2024

Supply Chain Brain

The latest supply-chain news, analysis, trends and tools for executives in the supply chain management industry.

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CPO Crunch: Descend in style

Procurement Leaders

A couple of weeks ago I hosted a CPO Connect call during which we spoke to Sandro Scharlibbe, the former CPO of tier-1 automotive supplier Brose and the newly appointed CEO of Küster Holding. Sandro will be well known to many in the Procurement Leaders community – not least for the many awards he and his team picked up during his time as CPO – but also the work he championed on supplier-enabled innovation, which helped inspire many activities we hosted back in the pre-Covid days.

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Entrepreneurs Can Navigate the Essentials of Business Contracts With This Guide

All Things Supply Chain

Establishing effective business contracts is crucial for securing the foundations of any enterprise. These documents serve not only as safeguards but also as frameworks for clear operational guidelines.

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Shippers maintain diverse carrier mixes in 2024: project44

Supply Chain Dive

Retailers and direct-to-consumer companies aren't scaling back their options in a competitive delivery environment.

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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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Procurement Pipeline Notice

Procurement Templates

A pipeline notice is intended to give the market place and indication or heads up of upcoming procurement opportunities for the following 18 months. Contracting Authorities are not bound by the information in the notice as this can change over time when requirements become clearer. Actual requirements are in the tender notice 93 Pipeline notices (1) This section applies in relation to any contracting authority that considers that, in the coming financial year, it will pay more than £100 million

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Leveraging supply chain disruptions to accelerate digital transformation

Spend Matters

This content does not express the views or opinions of Spend Matters. “Never waste a good crisis” is a phrase worth pondering in the realm of digital transformation for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change.

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Enhancing IoT Connectivity and Security in the Supply Chain and Logistics Industry

Supply Chain Brain

Embracing end-to-end, full stack IoT technology is pivotal for the future of supply chain and logistics management.

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Navigating Uncertain Waters: What Acquisitions Like Jaggaer Being Acquired By Vista Equity Partners Means for the Procurement World

Procurement Insights

EDITOR’S NOTE: 75% of all solution providers will be gone by the end of 2025. Based on the above post, I was asked to provide a high-level overview of my take on the pending AI Bubble Burst and identify three companies I thought would emerge relatively unscathed and whole. As I am not generally a fan of the M&A game—or, as I call it, market share grabs to boost portfolios with replaceable parts, e.g., solution providers—I could not ignore the timing of the Jaggaer acquisition.

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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.