December, 2023

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According to the Next Gen Rebels, this is what Procurement will look like in 2024

Procurement Insights

EDITOR’S NOTE: Who are the Next Gen (Procurement) Rebels? Check out the article Procurement’s Most Wanted List: Who Are The Next Gen Rebels? to discover who these industry movers and shakers are. The best way to predict or anticipate the future of procurement is to talk to those professionals who want to influence the future versus being a spectator of it.

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How Generative AI Promises to Transform Procurement

Supply Chain Brain

As the landscape of supply chains grows increasingly complex and data-driven, the role of artificial intelligence becomes more critical in streamlining procurement processes.

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Procurement leaders face lack of talent to meet future needs: report

Supply Chain Dive

The profession has growing needs for data and technology as well as general business skills, according to a recent survey by Gartner.

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What “technology musicians” are in your procurement automation orchestra pit?

Procurement Insights

EDITOR’S NOTE: Yesterday’s post certainly started to stimulate some thought-provoking feedback from people like Dave Jones and R.Gökhan Hüner. The following are their respective comments and my corresponding response. Dave Jones, MCIPS (and Next Gen Rebel) Great post. Failure to involve end users in tech decisions and subsequent implementation is the main reason things fail.

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From Rigid To Resilient: Why Enterprises Need Shopify's Modular Commerce Now

Speaker: Benjamin Woll

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Shopify’s modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how Shopify’s composable approach helps modernize commerce stacks while maintaining control over critical systems.

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Three Ways to Enhance Procurement Value Through Risk Management

Supply Chain Brain

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

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Optimizing the Supply Chain for Improved Productivity During the Busiest Time of Year

All Things Supply Chain

The holiday season is here, and businesses are working to provide the best customer experience through optimizing their supply chains.

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Reading FedEx Ground the RICO Act

Art of Procurement

The Racketeer Influenced and Corrupt Organizations Act, better known as RICO, is usually associated with organized crime. In 1992, it. The post Reading FedEx Ground the RICO Act appeared first on Art of Procurement.

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Shipping lines avoid Suez Canal as Red Sea attacks continue

Supply Chain Dive

Carriers' move to reroute or pause vessel transits could add time and monetary costs for shippers.

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Forge a path to sustainable growth

Procurement Leaders

Today marks an inflection point for the world and for procurement. Climate change, artificial intelligence, geopolitical uncertainty, and demographic changes are among the trends reshaping the world as we know it. This great reshaping brings with it challenges, but also opportunities – especially for procurement. From driving down carbon emissions to embedding new autonomous AI technologies and reformatting supply chains, the function is one of the central enablers of these trends and the grow

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Container Lines Rerouting Ships Away From Suez Canal in Response to Red Sea Missile Attacks

Supply Chain Brain

Every major commercial shipping line is rerouting vessels away from the Suez Canal in response to the recent series of missile attacks by Houthi militants in the Red Sea.

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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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Is Technology Ready To Stem The Tide Of Supply Chain Health And Safety Hazards?

All Things Supply Chain

The US supply chain underwent huge changes as a result of Covid-19 pandemic and it has never fully recovered.

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A Guide to Procure-to-Pay (P2P) Process

ProcurePort

In the dynamic landscape of modern business operations, the Procure-to-Pay (P2P) process stands as a linchpin, connecting the various facets of supply chain management into a seamless and efficient workflow. P2P encapsulates a series of meticulously orchestrated steps that begin with the identification of a need for goods or services and culminate in the completion […] The post A Guide to Procure-to-Pay (P2P) Process appeared first on ProcurePort Blog.

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Get your IT team battle-ready for the next holiday rush 

IBM Supply Chain Blog

Last year, almost 200 million people shopped on Black Friday. Online alone, they spent more than $9 billion. This holiday season, shoppers are ready to shop again and they’re prepared to spend even more. Are your IT systems ready to handle any spikes and keep everyone jolly? Or are you worried that incidents—finicky apps, slow page loads or even downtime— might ruin the holiday spirit along with your bottom line?

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FedEx redesigns air network to boost speed, profits

Supply Chain Dive

The company’s “Tricolor” initiative aims to serve e-commerce growth and shifting volume mix.

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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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Neom

Procurement Templates

Have you seen the procurement jobs for Neom? Neom, a brainchild of Saudi Arabia’s visionary leadership, is an ambitious project aiming to forefront change in humanity’s future. With an estimated cost exceeding $500 billion, largely funded by Saudi Arabia’s government initiatives, Neom unfolds as a multifaceted initiative poised to revolutionize sectors globally.

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AI Technology Ensures Supply Chain Integrity Beyond the Holidays

Supply Chain Brain

By adopting AI technology to analyze critical enterprise-wide contract data and gain insights into supplier practices, companies can identify red flags and deviations from compliance standards

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The Final Wrap-up of this year – the ATSC Awards 2023

All Things Supply Chain

It’s that time of year again for recaps, and the All Things Supply Chain blog has traditionally joined in this positive habit.

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2-Way vs. 3-Way Matching: What’s the Difference?

ProcurePort

In the ever-evolving landscape of financial management, precision is paramount. The complexities of modern business demand meticulous processes to ensure accuracy, especially in the realms of procurement and accounting. Two methodologies, 2-Way and 3-Way Matching, have emerged as critical players in this pursuit of financial integrity. This article explains the differences between matching systems and […] The post 2-Way vs. 3-Way Matching: What’s the Difference?

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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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New Year Insights for the procurement solutions and services marketplace 2024: Efficio

Spend Matters

Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. We are highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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‘We need everyone on this journey’: How PepsiCo is reducing water use in its supply chain

Supply Chain Dive

The beverage giant is focused on efficiency in its operations and working with communities, Pepsi’s senior director overseeing water strategy told Supply Chain Dive.

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Daily Planner

Procurement Templates

When you sometimes just want a physical sheet that you can scribble on and a nice planner to boot. Download and print Beige-Minimalist-Daily-Planner-procuremen-templates Download You might also like Team Meeting Agenda The post Daily Planner appeared first on Procurement Templates.

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AI and the Supply Chain: What’s in Store in ’24?

Supply Chain Brain

The transportation and logistics industry is still lagging far behind other sectors in taking basic steps toward automation of manual processes.

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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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HR Tech Entrepreneur Gergo Vari: AI’s Impact on Future Supply Chain Jobs

All Things Supply Chain

Artificial intelligence (AI) in the workforce has significantly changed several industries. One of the sectors facing a major transformation is supply chain management.

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Maximizing the Advantages of a Purchase Order Approval Process

ProcurePort

Understanding the Purchase Order Approval Process At its core, a Purchase Order (PO) Approval Process is a structured workflow that organizations follow to authorize and monitor the procurement of goods and services. It typically involves several stages, including the initiation of a purchase request, creation and submission of a purchase order, and final approval from […] The post Maximizing the Advantages of a Purchase Order Approval Process appeared first on ProcurePort Blog.

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Why CPG Shippers Need to Smooth Flows in Their Supply Chains

SCMR (Supply Chain Management Review)

Volatility is costly and disruptive to operations. Consumer packaged goods supply chains face volatile transportation flows due mostly to variations in consumer behavior, but technology can help smooth those flows.

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UPS and FedEx’s tough year in 6 charts

Supply Chain Dive

Data shows both carriers faced waning package volumes as pricing power shifted in their customers' favor.

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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 Leader Becky Simon on Having a Heart of Service

Let's Talk Supply Chain

As the year draws to a close, we can look back on all the progress women in supply chain made this year and the powerful gains ahead. 2023 marks the year women in supply chain returned to the post-pandemic workforce in full force. These advancements turned heads at the C-suite and executive level. 26% of all executives, including CSO, SVP, EVP, and CPO positions, are filled by women—an all-time high up almost 20% from a year prior.

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White House Hosts First Meeting of Supply Chain Resilience Council

Supply Chain Brain

While most supply chain disruptions have dissipated, continued challenges led to the White House giving supply chains another bump in the news cycle with its inaugural meeting of the Council on Supply Chain Resilience.

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Types of Procurement Reports: Definition & Benefits

SCMDOJO

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process. From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance.

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The Role of Procure-to-Pay Software in Today’s Business

ProcurePort

Efficiency and Accountability Boost: P2P is critical software that automates procurement, reducing mistakes and speeding up decision-making by removing manual inefficiencies. -Real-time visibility, data analytics, and integration with emerging technologies enhance efficiency, cost savings, and financial control, fostering transparency and accountability across procurement operations.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever