Sat.Feb 25, 2023 - Fri.Mar 03, 2023

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Why Are Procurement Managers Quitting Their Jobs?

Procurement Software

For this week’s opinion piece, I’m looking at a recent article from Procurious. It comments on some data that was released by LinkedIn, showing that there are an increasing number of supply chain professionals and procurement managers who are quitting their jobs. If I quote the article: According to data released by LinkedIn to Bloomberg, in 2020-2021, the average number of supply chain managers who left their jobs, called the ‘separation rate’, increased by 28%.

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3 supply chain challenges AI is solving

SCMR (Supply Chain Management Review)

In recent years, technology advancements such as automation, connectivity, and data analytics have provided opportunities for the supply chain industry to make genuine breakthroughs.

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The Procurement Talent Shortage

Una

Pain Points in Procurement Series The Procurement Talent Shortage Discover ways to rectify the procurement talent shortage by attracting and keeping top sourcing candidates. By Hugo Britt | February 28, 2023 Search Welcome to Una’s Pain Points in Procuremenet series. Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges.

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Conditional Proposals — The Ultimate Guide

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Conditional Proposals — The Ultimate Guide Conditional proposals can help you avoid giving something too important for you, especially if the other party does not want to compromise. However, how to utilize it? For this article, we are going to tackle what a conditional proposal is.

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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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Top challenges & priorities for CFOs in 2023

Fraxion

As businesses work to recover from the pandemic, they are now facing a new wave of economic uncertainty that will test the resilience of their CFOs. In recent years, the role of the CFO has expanded to encompass a more strategic and transformational focus, requiring more collaboration with the C-Suite, and serving as a trusted advisor to the CEO. In addition to traditional financial responsibilities, CFOs must also drive talent acquisition and retention, automation, technology, digital operation

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Supply Chain Weekly Wrap-Up 02/24/2023-03/02/2023

All Things Supply Chain

China calls out Australia after rare material deal is blocked China has called out the Australian government for blocking a bid by a Chinese-linked company to boost its ownership in…

Bidding 246

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Vendor selection process: Reduce stress with these pro tips

RPF360

The vendor selection process is stressful, but these easy steps can help make it more manageable. Explore vendor selection criteria, weighted scoring basics and best practices from our friends at Lockton Companies HR Technology and Outsourcing. The post Vendor selection process: Reduce stress with these pro tips appeared first on RFP360.

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How to Benchmark Supplier Diversity Performance

Art of Procurement

If there were a shortlist of core procurement skills, benchmarking would undoubtedly be on it. And yet, for the ease. The post How to Benchmark Supplier Diversity Performance appeared first on Art of Procurement.

Suppliers 143
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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today. While inflation has eased from 9.1% last June to 6.5% in December and is expected to fall to 3.1% by the end of this year, business and academic economists pol

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CPO Spotlight: Jeremy Smith

Procurement Heads

For Procurement Heads ‘ latest CPO Spotlight, James Dobbin caught up with Jeremy to hear how much has changed at 4C. Since our last conversation as part of our Big Interview series, how much has changed for you personally and at 4C? I guess personally the biggest change, personally, is that I was recently promoted to Managing Director. That has been interesting, in a good way.

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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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Episode 104: Leveraging the Power of a Procurement Task Force with Harold Hendrickx

Una

EPISODE 104 Leveraging the Power of a Procurement Task Force with Harold Hendrickx By Kelly Barner | March 1, 2023 With the last few years being as unpredictable as they have been, procurement has experienced a number of mindset shifts – all of which have increased our agility and resilience. In fact, procurement has undergone so many changes that comparisons to the approaches and team models seen in military settings are not out of line.

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Are Gig Workers Independent Contractors or Employees?

Supply Chain Brain

For the good of the economy at large, we need to grow income opportunities for the nation’s workforce while ensuring fair treatment of workers.

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Amazon closes, cancels more warehouses as cost-cutting persists

Supply Chain Dive

The e-commerce giant canceled, closed or delayed 99 facilities in its U.S. fulfillment network, according to a firm tracking the company. Amazon disputed its findings.

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Spring Interim Networking Event

Procurement Heads

In advance of the new financial year, this will be an opportunity for networking and discussion around all things procurement and interim management. If interim management within procurement is your specialism, or indeed if your business has had requirements for quality interim managers in this space, then please join us for a drink or two! Spaces are strictly on a first come first served basis, so please register your interest now by completing the form below to avoid disappointment.

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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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Europe Turns Gas Crisis Into Renewable Energy Revolution

Procurement Bulletin

Europe Turns Gas Crisis Into Renewable Energy Revolution In an amazing display of action, Europe has turned its gas crisis from just a year ago into a revolution of clean energy. At the end of 2022, Europe’s combined renewable energy production (wind and solar) overtook natural gas. Breakthrough in Battery Recycling One of the biggest criticisms of electric vehicles (I own one!

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Innovations to Supply Chain and Logistics: Where Are They Happening?

Supply Chain Brain

Descartes studied 1,000 supply chain and logistics executives in North America and Europe, to determine where they’re placing their innovation emphasis and technology deployment focus.

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FedEx urges customers to shift volumes from UPS to avoid strike risks

Supply Chain Dive

The carrier is telling shippers to act before March 31 if they want to avoid potential disruption this summer.

Risk 118
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[Pod] Procurement 6 – March 3rd, 2023

Art of Procurement

Procurement 6 is a new short podcast from Art of Procurement that will be published in the Art of Procurement. The post [Pod] Procurement 6 – March 3rd, 2023 appeared first on Art of Procurement.

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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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Supply Chain Design Meets the Reshoring Trend

SCMR (Supply Chain Management Review)

Companies are rethinking globalization and repositioning more of their operations and sourcing closer to home. Here’s how the trend is affecting supply chain design.

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Say Goodbye to Supply Chain Woes With Berkshire Grey and Locus Robotics' Best-in-Class Integrated Solution

Supply Chain Brain

Achieve peak performance without breaking the bank: cost-effective ways to solve for peak without hiring more labor or expanding space.

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Inside a federally funded strategy to strengthen US lithium supply chains

Supply Chain Dive

The U.S. is behind in its goal to capture domestic production of battery materials. Here’s what one Energy Department-backed group says needs to happen to catch up.

Strategy 115
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Shifting Procurement’s Mindset to Face the Challenges of 2023

Una

Shifting Procurement's Mindset to Face the Challenges of 2023 and Beyond Advice for shifting procurement’s mindset to face current-day challenges head on and how to continue driving change, solving problems, and creating value amidst adversity. By Hugo Britt | March 2, 2023 Search Ever since he burst into America’s collective consciousness in the 1930s, Superman has seemed unstoppable.

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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

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This year, focus on supply chain staffing

SCMR (Supply Chain Management Review)

People are central to overcoming supply chain obstacles in 2023.

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In a Tight Labor Market, Growing DCs Choose Robotics

Supply Chain Brain

Warehouse automation is gaining traction among operators of manual distribution and fulfillment centers amid demand pressures, customer expectations driving e-commerce, workforce churn and shortages, and an emerging mix of larger and more complex facilities catering to last-mile delivery.

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Amazon pulls back from UPS as it builds out logistics empire

Supply Chain Dive

While UPS' priorities have shifted, Amazon’s capabilities have transformed. But both face obstacles that could complicate plans to reduce business with each other.

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Modern Warehousing: 3 Ways How Technology is Changing the Game

SCMDOJO

Modern warehousing has come a long way, and technological advancements have played a significant role in the evolution of the industry. With new technologies and advances in distribution center design, modern warehouses are becoming more efficient, accurate, and cost-effective than ever before. In addition, technology integration has enhanced the efficiency and accuracy of warehousing and distribution centers, from internet-connected devices to drones and robots.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Stressed out supply chains: Elevated freight and labor costs still an issue

SCMR (Supply Chain Management Review)

Even as some easing has taken place, increased freight and labor costs are keeping the pressure on supply chains.

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Chinese Cars Rise in Russia After Fury Drove Western Brands Out

Supply Chain Brain

The rewards Chinese companies are reaping in Russia are small compared to the geopolitical risks they’re taking.

Risk 98
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FedEx Express to lean on third-party carriers for less urgent shipments

Supply Chain Dive

The growth in deferred packages has given the delivery giant incentive to overhaul its network in a bid for long-term savings.

Bidding 108
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[Pod] Key Takeaways From Digital Outcomes 2023 w/ Philip Ideson and Kelly Barner

Art of Procurement

“I was fascinated to realize that all of these different speakers who had not coordinated in any way beforehand, and. The post [Pod] Key Takeaways From Digital Outcomes 2023 w/ Philip Ideson and Kelly Barner appeared first on Art of Procurement.

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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.