Sat.Dec 30, 2023 - Fri.Jan 05, 2024

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Procurement Jobs And How To Get Hired

Procurement Templates

UK Agencies, not in any particular order: Michael Page Procurement & Supply Chain Bramwith Consulting Hays Procurement 1st Executive Procurement PeopleCloud Portfolio Procurement Procurement Heads Edbury Daley Reed Procurement & Supply Chain Barclay Meade Procurement & Supply Chain Standing out in a job application process can be challenging, but it’s definitely possible.

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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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Trending Sources

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Increase Picking Density with Mezzanines, Pick Towers, and Automation

Supply Chain Brain

Warehouse operators can increase the density of their pick operations by installing pick towers and mezzanines within their current facilities, boosting throughput inside their existing building.

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Red Sea attacks: Ocean shipping rates jump more than 50% in key lanes

Supply Chain Dive

Rates from Asia to the U.S. East Coast reached $3,900 per FEU in the past week, with additional surcharges to start this month, according to Freightos.

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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.

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Contract Management Responsibilities Checklist

Procurement Templates

Creating a comprehensive contract management checklist involves several key steps to ensure effective oversight and compliance. Here’s a detailed checklist you can use: Contract Initiation: Define contract objectives and requirements. Identify stakeholders and their roles. Establish contract terms and conditions. Preparation and Drafting: Create a draft reflecting agreed-upon terms.

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Cultural, Country Differences Can Influence Nearshoring Decisions

SCMR (Supply Chain Management Review)

While nearshoring can be a risk mitigation tool, it’s important for businesses to consider the differences between countries, including cultural, trade and even weather patterns, which can lead to road closures or weight reductions.

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AI’s transformative role in empowering companies to optimize procurement

Supply Chain Dive

Here’s a look at how the technology is making waves in supplier management, predictive analytics and more, from Vroozi's Shaz Khan.

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IBM’s new watson large speech model brings generative AI to the phone 

IBM Supply Chain Blog

Most everyone has heard of large language models, or LLMs, since generative AI has entered our daily lexicon through its amazing text and image generating capabilities, and its promise as a revolution in how enterprises handle core business functions. Now, more than ever, the thought of talking to AI through a chat interface or have it perform specific tasks for you, is a tangible reality.

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

Spend Matters

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.

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New Actions from the White House Highlight the Difficulty of Tracing Forced Labor in Supply Chains

Supply Chain Brain

While recent actions won’t end the issue of forced labor entirely, this may well be a meaningful milestone in the long-running effort.

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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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UPS plans reduced sorting operations, layoffs at Louisville hub

Supply Chain Dive

The carrier will lay off an undisclosed number of employees at the facility, which was the center of a brief Teamsters strike threat in December.

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A brief history of cryptography: Sending secret messages throughout time

IBM Supply Chain Blog

Derived from the Greek words for “hidden writing,” cryptography is the science of obscuring transmitted information so that only the intended recipient can interpret it. Since the days of antiquity, the practice of sending secret messages has been common across almost all major civilizations. In modern times, cryptography has become a critical lynchpin of cybersecurity.

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

Spend Matters

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.

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69% of Employees Said They Experienced Burnout in 2023

Supply Chain Brain

71% of employees said burnout impacted their work with 45% saying they’re not as enthusiastic as they could be, while another 26% said they only performed their required responsibilities.

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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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FedEx Express sees ‘significant headwind’ from reduced US Postal Service volume

Supply Chain Dive

Strategic shifts from both carriers complicate efforts to renew their air transportation contract, which expires in September.

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Global Container Shipping Industry Sets Sights on Tech Investment, Capacity Concerns

SCMR (Supply Chain Management Review)

Supply chain professionals in the global container shipping industry expect more technology investment and positive growth in the market in 2024.

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

Spend Matters

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.

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Physical Operations, Politics Will Be Suppliers’ Biggest Hurdles in 2024

Supply Chain Brain

Physical operations will present the biggest challenge to companies at the beginning of 2024 with the ongoing conflict in the Middle East coupled with climate issues disrupting shipping networks.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

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.

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Evolving supply chains need talent with the gift for seeing end-to-end

Supply Chain Dive

As supply chains transform, teams will need to step out of their siloed functions and focus on organization-wide priorities, Kearney experts write.

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Disruption Challenges Procurement Leaders to Steady Supply Chains

SCMR (Supply Chain Management Review)

Disruption has significantly altered the landscape for procurement leaders, challenging their ability to maintain stable supply chains and make strategic decisions. There are some options, though, to help mitigate the challenges.

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Opstream: Vendor Analysis — Intake solution overview, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Opstream’s intake solution. Opstream aims to revolutionize the way companies buy and manage spending through its procurement platform. With a focus on providing full visibility and control over spending before it happens, Opstream offers a self-service, AI-driven system that caters to cross-functional teams and ensures quick implementation.

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Due Diligence Checklist: A Step-by-Step Guide to Managing Third-Party Bribery and Corruption Risk in 2023

Supply Chain Brain

Companies operating in today’s global business environment must navigate ever-strengthening anti-bribery and corruption regulations. A due diligence checklist takes you step-by-step through the information you need to consider to help carry out a thorough investigation when you’re contemplating a new commercial relationship, a prospective business partner or monitoring an existing one.

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The Ultimate Guide to Transportation and Load Building Optimization

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.

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65% of employees say they experienced burnout in 2023

Supply Chain Dive

Although employee burnout is decreasing slightly, most workers say it’s still negatively affecting their job performance.

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Episode 146: Calling All Solution Enthusiasts! with A’Keela Johnson

Una

EPISODE 146 Calling All Solution Enthusiasts! with A'Keela Johnson By Kelly Barner | January 3, 2024 Procurement is used to dealing with a whole series of stereotypes associated with the profession: bean counters… pencil sharpeners… and penny pinchers, just to name a few. Those nicknames stand in sharp contrast to the value procurement delivers on a daily basis – value that extends far beyond savings to improve the competitive position of the whole company.

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Q4 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 15 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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Commercial Suez Canal Traffic Down Almost 60% Since Houthi Attacks Began

Supply Chain Brain

An estimated 181 vessels that were originally supposed to travel through the Suez Canal have been rerouted around Africa since the Houthi attacks began.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

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.

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Consumers could return $82.1B worth of holiday merchandise, survey finds

Supply Chain Dive

To address the rising cost of returns, 44% of retailers have increased return or restocking fees, according to CBRE and Optoro.

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A Calvin and Hobbes Take on Procurement’s View of Technology in 2023

Procurement Insights

I would like to end the year with a Robertson Davies quote followed by a trio of three Calvin and Hobbes comic strips in which I look to you to tell me which one best represents procurement’s view of technology in 2023. And now, your choices for the Calvin and Hobbes comic strip that best represents procurement’s view of technology in 2023: Option #1 – Still Waiting For Tech ROI Option #2 – Actively Avoiding The Tech Question Option #3 – Standing Pat EDITOR’S

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Procurement’s New Year resolutions for tackling supplier risk

Spend Matters

This content does not express the views or opinions of Spend Matters. After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

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Vietnamese EV Maker Planning Battery Plant in India

Supply Chain Brain

VinFast said in October 2023it would build assembly factories in India and Indonesia that each have an annual capacity of up to 50,000 cars and a capital expenditure of up to $200 million at first.

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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.