July, 2024

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Supply Chain Shortages And Its Impact On Manufacturing

All Things Supply Chain

Globally, supply chain issues have become a pressing challenge, particularly impacting the manufacturing sector.

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Chinese Hackers Targeting Ships Across Europe With Malware on USB Sticks

Supply Chain Brain

Several USB sticks with malware have been found plugged into computers on freight vessels in Norway, Greece and the Netherlands dating back to January.

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Chasing a Common Supply Chain Objective: Saving Lives

Art of Procurement

For over a decade, one public-private partnership has worked to make lifesaving medicines available in the most remote parts of. The post Chasing a Common Supply Chain Objective: Saving Lives appeared first on Art of Procurement.

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CPO Crunch: Together, Better, Further, Stronger

Procurement Leaders

Last month, I spoke about how important it is for companies to collaborate with one another – and, of course, with their suppliers – if they are to make meaningful progress on reducing their Scope 3 footprint. As members of Procurement Leaders’ Risk and Sustainability Strategy Cohort gathered last week to discuss this topic in more depth, a sustainable procurement executive at one chemicals company illustrated both the scale of the challenge – and the potential power of thinking collaborativel

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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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Amazon expands air cargo operations with Sun Country Airlines

Supply Chain Dive

The carrier will operate eight additional 747 freighters for Amazon, which is adjusting its airfreight strategy.

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Luminance: Vendor Analysis — CLM solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Luminance and its solution for contract lifecycle management (CLM). Luminance offers legal-grade AI for the full spectrum of document review, from generation and review to post-execution analysis. The Luminance AI enhances and expedites the entire contract lifecycle process, including drafting, negotiating and understanding key features of executed contracts, all while maintaining compliance.

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More Trending

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Nurturing Career Growth in the New Era of Supply Chain

Supply Chain Brain

The supply chain discipline has become a C-suite concern that drives competitive advantage and customer excellence — one that requires expansive leadership skills and technical prowess.

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The Great Supply Train Robbery

Art of Procurement

According to the New York Times, about 20 million containers move through the ports of Los Angeles and Long Beach. The post The Great Supply Train Robbery appeared first on Art of Procurement.

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CPO Crunch: Take time to zoom in and help stamp out modern slavery

Procurement Leaders

A couple of years ago, the CPO of a major international chemicals company shared an image with me. At first glance, it was innocuous. Only when he pointed it out, did I notice a footprint on the floor of the factory that the image was of. And only after he had brought my attention to the scale of that footprint did it dawn on me that it belonged to a child.

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USMX says there is ‘forward movement’ to resolving ILA issues

Supply Chain Dive

The parties had seen talks stall since June after a local dispute arose over the use of automated gates.

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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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ProcureVue: Vendor Analysis — Spend Analytics solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of ProcureVue and its solution for spend analytics. It is common for the data held by Procurement (and indeed the business) to become so large and so messy that it is no longer possible to manage it in-house, whether because of time or software constraints. This is where the many vendors like ProcureVue in the procurement space that are designed to tackle this problem come in.

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The Advantages of Big Data Analytics in Suppliers Management

All Things Supply Chain

Traditionally, purchasing and supply management (PSM) has strongly relied on data management, as procurement managers need to dispose of, clean, and update data of different natures to compare suppliers’ performance,…

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New Report Says Supply Chains Must Embrace AI Now, or Be Left in the Dust

Supply Chain Brain

The progress of supply chains in adopting AI varies widely. So does the return on investment. But according to one recent study, there’s one strategy that guarantees failure: doing nothing.

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De Minimis: Supply Chain Trifles the Law Should be Concerned With

Art of Procurement

Section 321 of the U.S. Tariff Act of 1930 contains a small provision known as ‘de minimis,’ a Latin phrase. The post De Minimis: Supply Chain Trifles the Law Should be Concerned With appeared first on Art of Procurement.

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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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Being a CPO: Probably the best job in the world

Procurement Leaders

Being a chief procurement officer might be the best job in the world. That’s quite the statement but, writing this from the grounds of Château St. Gerlach near Maastricht as Procurement Leaders’ annual CPO retreat Ovation reaches its conclusion, I’m left in no doubt that it’s one based on reality. Why? That becomes clearer when you take a moment to step back and consider the sphere of influence and scope of impact that procurement has.

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Ports of Indiana to build sea container terminal

Supply Chain Dive

The terminal is slated to begin operations as early as 2026, serving industries such as manufacturing, agriculture and consumer goods.

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Empowering financial health: Enhancing working capital efficiency and early payment opportunities

Spend Matters

In the realm of modern business operations, effective financial management is not just a task, it’s the heartbeat that drives growth and sustains operations. Imagine a company navigating a complex network of supplier negotiations, payment terms and cash flow management. This is where procurement steps in as the strategic architect, shaping the path to financial optimization.

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Retail Inventory Management: 15 Best Practices for 2024 | Ecommerce

Finale Inventory

Retail inventory management is a fundamental part of running a successful ecommerce business. With the evolving landscape of online retail, staying ahead is crucial. Effective strategies can optimize inventory control and enhance overall efficiency. This article outlines key aspects of retail inventory management and future trends shaping the industry.

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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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Drug Supply Chains Need Better Visibility

Supply Chain Brain

Better communication is needed about the flow of drugs, from the manufacturer, through the distribution network to the hospital and, at the end, how those medications are being prescribed.

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Coca-Cola’s Project Last Mile

Art of Procurement

“Coke is everywhere. In fact, when I travel to the developing world, Coke feels ubiquitous. […] If we can understand. The post Coca-Cola’s Project Last Mile appeared first on Art of Procurement.

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CPO Crunch: Let’s get rational about ESG

Procurement Leaders

When it comes to ESG, there have been growing murmurs of discontent recently as political figures – predominantly in the US – attempt to push back on its growing influence. The arguments, which I won’t explore in detail here, are focused around whether markets are being manipulated and whether investors and corporations are being forced down a particular route unwillingly due to the reach of increasing regulation.

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FedEx, UPS roll out ‘exceptional discounts’ to SMB customers

Supply Chain Dive

The rivals' pricing battle has kept delivery rates lower and benefited shippers, according to the TD Cowen/AFS Freight Index.

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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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Debunking 5 common myths about Predictive Procurement Orchestration

Spend Matters

This content does not express the views or opinions of Spend Matters. Over 50% of organizations have automated their procurement processes, with around 35% using AI in procurement — an impressive increase from 29% in 2020. This evolution enables procurement teams to make superior decisions, initiate more events and cover broader ground without additional resources.

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How to Improve Employee Retention with eLearning

Skill Dynamics

Are you struggling to keep a consistent team? Or finding skills shortages amongst staff as key talent leaves? Employee retention is an inevitable issue, however having a strategy for retaining your top talent can ensure your very best employees feel valued enough to stay. As the world of work shifts further towards remote and virtual environments, businesses need to offer flexibility to try and compete.

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Extreme Weather Along South African Coast Could Bring Shipping Delays

Supply Chain Brain

An intense cold front bringing snow to some areas of the country is resulting in damaging coastal winds, rains and waves that threaten infrastructure.

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Procurement 6 – July 12th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – July 12th, 2024 appeared first on Art of Procurement.

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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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CPO Crunch: Collaboration the key to progress on Scope 3

Procurement Leaders

Scope 3 data has emerged as an increasingly important topic within the Procurement Leaders community as supply chain sustainability has evolved from being a nice to have to a procurement imperative. Yet preliminary findings from our ESG glide path research ( participate in the survey ) indicate that more than one-quarter of procurement teams do not currently collect upstream emissions data about their suppliers and, of those that do, only half use primary data obtained from suppliers directly.

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UPS defends higher peak surcharges ahead of shorter holiday season

Supply Chain Dive

The magnitude of the added fees surprised one analyst, but CEO Carol Tomé said the carrier's pricing is in line with anticipated demand.

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Debunking 5 Common Myths About Predictive Procurement Orchestration

Arkestro

Over 50% of organizations have automated their procurement processes, with around 35% using AI in procurement — an impressive increase from 29% in 2020. This evolution enables procurement teams to make superior decisions, initiate more events, and cover broader ground without additional resources.

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Q2 2024 Insider roundup: A deep dive into intake management and orchestration; following procurement tech market movements; updated coverage of 16 vendors

Spend Matters

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

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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