Procurement Insights

DECEMBER 19, 2023

An article I wrote about Tide detergent reveals a secret that every solution provider should know – the power of a LOSS LEADER! Below is my reply to one of the many comments the article’s subject matter inspired. It also provides a direct tie-in to how procurement solution providers can stand out from what has become a mind-numbing competitive landscape.

Procurement solutions 72

Procurement solutions Price Procurement Budget 72

Supply Chain Brain

DECEMBER 20, 2023

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

Procurement 119

Procurement Supply chain Data Supply 119

Spend Matters

DECEMBER 19, 2023

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re 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.

Procurement solutions 95

Procurement solutions Procurement Ethics Risk 95

All Things Supply Chain

DECEMBER 20, 2023

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

Supply chain 263

Supply chain Supply 263

Advertisement

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.

Supply Chain Optimization

Supply Chain Dive

DECEMBER 22, 2023

Using alternative routes like the Cape of Good Hope not only means longer transit times but higher freight costs. Here’s what shipping experts had to say.

Risk 130

Risk 130

Supply Chain Brain

DECEMBER 19, 2023

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.

132

132

Spend Matters

DECEMBER 20, 2023

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.

Procurement solutions 109

Procurement solutions Procurement Procurement team Data 109

Supply Chain Dive

DECEMBER 18, 2023

Decades of investments in logistics infrastructure, trade deals and becoming a manufacturing hub are paying off as shippers look to nearshore production.

Logistics 132

Logistics 132

Supply Chain Brain

DECEMBER 19, 2023

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.

Supply chain resilience 122

Supply chain resilience Supply chain Supply 122

SCMR (Supply Chain Management Review)

DECEMBER 22, 2023

The Cleveland Clinic is the top healthcare supply chain according to Gartner, which also recognized the Mayo Clinic and Intermountain Health as Masters for their continued excellence.

Supply chain 96

Supply chain Supply 96

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

IBM Supply Chain Blog

DECEMBER 18, 2023

One of the largest sources of data is all around us—that is, geospatial data. This is information relating to the Earth’s surface, its climate, the people who live on it, its ecosystems and more. Geographic information systems (GIS ) visualize and make sense of this data, helping people and businesses better understand the patterns and relationships of our world.

Data 96

Data Sourcing Management Sustainability 96

Supply Chain Dive

DECEMBER 19, 2023

“Our year-end growth reflects the strength of the U.S. economy powered by the American consumer,” said Port of Los Angeles Executive Director Gene Seroka.

121

121

Supply Chain Brain

DECEMBER 20, 2023

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

Risk management 126

Risk management Risk Management Procurement 126

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. Making sure the correct spare parts are easily accessible when needed can greatly boost profits and how well it operates. Yet, handling spare parts can be tricky and needs careful planning and execution. In this detailed guide, you’ll delve into the most effective ways to manage spare parts.

Supply Chain Efficiency 94

Supply Chain Efficiency Inventory control Management supply chain budgeting 94

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

Bidding

IBM Supply Chain Blog

DECEMBER 20, 2023

Hybrid cloud has become the IT infrastructure of choice, providing the interoperability and portability organizations need to access data where and when they need it. Yet navigating the complexities of building and managing a hybrid environment poses unique challenges. To capture the most value from hybrid cloud, business and IT leaders must develop a solid hybrid cloud strategy supporting their core business objectives.

Strategy 93

Strategy Real-time Visibility Data e2e 93

Supply Chain Dive

DECEMBER 21, 2023

The medtech company alleges that Western Shelter Systems quit crucial integration work for battle-ready CT scanners, hurting Siemens’ ability to supply the military.

Suppliers 120

Suppliers Supply 120

Supply Chain Brain

DECEMBER 17, 2023

Most corporate survival strategies are crafted to help businesses withstand any number of unanticipated supply chain disruptions. But how many are poised to profit from times of adversity?

Supply chain resilience 105

Supply chain resilience Supply chain Supply Strategy 105

Art of Procurement

DECEMBER 17, 2023

Long time listeners of the Art of Procurement podcast will know that the team hosts a related podcast, Dial P. The post 2023 Dial P for Procurement Year in Review appeared first on Art of Procurement.

Procurement 91

Procurement Risk management Risk Management 91

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.

Supply Chain Optimization

Supply Chain Trend

DECEMBER 22, 2023

We’ve entered an AI era where 76% of work can be augmented or automated. The IBP paradigm has hardly changed for 30 years, the decision needle has not moved enough. However, only 3% of companies apply automated execution and 7% autonomous end to end planning. 2% of managers apply best practice decision methods. Hardly a recipe for improving planning & decision making.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Supply Chain Dive

DECEMBER 18, 2023

Shipments from the fast fashion companies are frequently dominating export routes from China and Hong Kong, according to Xeneta’s chief airfreight officer.

Export 120

Export 120

Supply Chain Brain

DECEMBER 18, 2023

By adapting their strategies, leveraging technology, and embracing innovative concepts like "keep it" returns and buy-online-return-in-store (BORIS) incentives, retailers can better manage the influx of returned items.

Management 111

Management Innovation Strategy 111

Art of Procurement

DECEMBER 21, 2023

With all the recent buzz about electric vehicles (EVs), not to mention the push towards sustainability and emissions reduction, it. The post Troubling Times for Electric Trucking appeared first on Art of Procurement.

Sustainability 90

Sustainability Procurement Risk management Contract 90

Advertisement

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.

Supply Chain Optimization

Spend Matters

DECEMBER 18, 2023

This Spend Matters Vendor Analysis provides an overview of Gatekeeper and its contract lifecycle management (CLM) and third-party risk management (TPRM) solution. A fast-growing provider, Gatekeeper offers an interesting value proposition, combining CLM with native TPRM functionalities, two areas that are often linked but usually addressed with disparate software tools.

Risk management 95

Risk management Contract Risk Management 95

Supply Chain Dive

DECEMBER 18, 2023

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

143

143

Supply Chain Brain

DECEMBER 20, 2023

North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.

98

98

IBM Supply Chain Blog

DECEMBER 18, 2023

In the most recent version of its “Cloud Hype Cycle,” Gartner placed multi-cloud network operations in the “peak of inflated expectations, perilously close to the ‘trough of disappointment.'” While this may reflect the state of both hybrid and multicloud networking at an aggregate level, there is an abundance of nuance lurking underneath Gartner’s assessment.

Networking 87

Networking Data Innovation Management 87

Advertiser: GEP

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

Procurement

Spend Matters

DECEMBER 21, 2023

Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and services 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.

Procurement solutions 90

Procurement solutions Procurement e2e Real-time Visibility 90

Supply Chain Dive

DECEMBER 20, 2023

Smaller producers are snatching up market space left by supply constraints of Huy Fong Food’s popular spicy condiment.

Supply 132

Supply 132

Supply Chain Brain

DECEMBER 18, 2023

Traditionally, it’s been tough to gather detailed, timely feedback on employees’ experiences, mood, suggestions and likelihood of quitting. Until now.

115

115

SCMR (Supply Chain Management Review)

DECEMBER 18, 2023

Traditionally, vendors viewed vendor compliance as a burdensome cost. Truthfully, it is to a certain extent. But it also can be an investment that can be turned internally and used to benefit the vendor company widely.

85

85

Advertisement

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.

Real-time Visibility