Sustainable Procurement: What it is and its Importance
SCMDOJO
AUGUST 22, 2023
Discover the power of sustainable procurement in enhancing supply chain resilience and brand reputation and learn about its importance.
Sat.Aug 19, 2023 - Fri.Aug 25, 2023
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Understanding The Different Types Of Procurement Contracts
Procurement Freelancers
AUGUST 19, 2023
Purchasing things and services to satisfy the business’s demands is one of the most critical… The post Understanding The Different Types Of Procurement Contracts first appeared on Procurement Blog | Procurement & Supply Chain News.
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Benefits of Implementing Procurement Software
ProcurePort
AUGUST 21, 2023
1. Greater Cost Savings Optimized Spend Analysis: One of the primary advantages of leveraging procurement technology is the potential for cost savings. Advanced systems analyze spending, ensuring every dollar is accounted for and purchases follow company policies and contracts. Discount Management: With procurement technology, companies can seamlessly track supplier discounts or promotional offers, ensuring they […] The post Benefits of Implementing Procurement Software appeared first on P
2024 planning: Supporting growth by expanding strategic procurement and optimising operating models
Procurement Leaders
AUGUST 25, 2023
Under increased pressure to save money, CPOs are being asked to do more with less. With the emergence of ESG and resilience in recent years as top priorities alongside the function’s bread and butter of cost savings, teams must now simultaneously deliver on short- and long-term corporate goals while maintaining the maximum levels of operational efficiency.
GEP Spend Category Outlook Report 2025
Advertiser: GEP
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.
The Market Speaks: Procurement practitioner requirements and the tech vendor response — The Classification Guru
Spend Matters
AUGUST 23, 2023
Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. But we also endeavor to grow our understanding of the wants and needs of the customers using that tech – the practitioners.
Supply Chain Weekly Wrap-Up 08/18/2023-08/24/2023
All Things Supply Chain
AUGUST 25, 2023
Panama Canal delays causing unrest for Shippers The Panama Canal is currently facing disruptions due to low water levels and restrictions imposed to conserve water.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
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From Blocks to Bites: A Cheese-Inspired Approach to Change Management
Art of Procurement
AUGUST 22, 2023
Bear with me for a moment… Close your eyes and imagine someone handing you a large block of your favorite. The post From Blocks to Bites: A Cheese-Inspired Approach to Change Management appeared first on Art of Procurement.
Top 10 TikTokers to Take Off your Supply Chain
SCMDOJO
AUGUST 21, 2023
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” That was fun, right? In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains. Beyond dance moves, they offer bite-sized insights for success, promising to elevate you above inefficiencies.
The 5 Largest Microchip Companies in the World
All Things Supply Chain
AUGUST 23, 2023
In the fast-paced world of technology, microchips are the unsung heroes that power our devices, from smartphones to self-driving cars.
Globus Maritime Places $75.5M Order for Two Bulk Carriers
Supply Chain Brain
AUGUST 24, 2023
The company said that the vessels will be built at a reputable Japanese shipyard and will be delivered during the second half of 2026.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
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.
Amazon, FedEx and United Airlines join Hawai?i fire recovery efforts
Supply Chain Dive
AUGUST 23, 2023
The state’s Department of Transportation has waived wharfage charges for inbound humanitarian shipments at Maui’s Port of Kahului.
The Importance of Supplier Audits in Risk Management
Procurement Freelancers
AUGUST 25, 2023
The landscape of organizations is constantly evolving, underscoring the significance of risk management. As international… The post The Importance of Supplier Audits in Risk Management first appeared on Procurement Blog | Procurement & Supply Chain News.
How Do You Define Your ERP System?
SCMR (Supply Chain Management Review)
AUGUST 21, 2023
The ERP system sits at the center of the other supply chain systems and the overall connectivity. As the source of truth, this is where the foundational data should be stored.
Ocean Carrier EBIT Fell by 90% Year-on-Year During Q2 2023
Supply Chain Brain
AUGUST 24, 2023
Orient Overseas Container Line (OOCL) had the largest EBIT per TEU during Q2 2023 at $305, a massive drop-off from Q2 2022, which was over $1,500 per TEU.
From Reactive to Resilient: Charting Your Supply Chain Maturity
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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.
Walmart, Alphabet’s Wing team up for drone delivery in Texas
Supply Chain Dive
AUGUST 24, 2023
Two stores in the Dallas-Fort Worth area will offer the service for customers within a 6-mile radius by the end of the year.
The Benefits of Outsourcing Procurement Services to Consultants
Procurement Freelancers
AUGUST 22, 2023
To pursue efficient operations and stronger financial performance, organisations are leveraging external procurement resources. The… The post The Benefits of Outsourcing Procurement Services to Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.
Market or roadway mayhem? A fundamental supply chain dilemma
SCMR (Supply Chain Management Review)
AUGUST 22, 2023
The trucking industry is strongly tied to overall economic performance, but the rigidity it faces from labor, equipment, and regulations make it difficult to scale up and down quickly, leading to boom-and-bust cycles.
OPEC May Need to Cut Again as Fragile Members Recover, Citi Says
Supply Chain Brain
AUGUST 24, 2023
Iran, Iraq, Libya, Nigeria and Venezuela will add roughly 900,000 barrels a day of production this year and at least the same in 2024, the bank estimates.
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?
Amazon Shipping relaunches, offering sellers delivery on outside channels
Supply Chain Dive
AUGUST 21, 2023
The service can deliver goods in two to five business days for shipments within the contiguous U.S.
Will generative AI make the digital twin promise real in the energy and utilities industry?
IBM Supply Chain Blog
AUGUST 22, 2023
A digital twin is the digital representation of a physical asset. It uses real-world data (both real time and historical) combined with engineering, simulation or machine learning (ML) models to enhance operations and support human decision-making. Overcome hurdles to optimize digital twin benefits To realize the benefits of a digital twin, you need a data and logic integration layer, as well as role-based presentation.
Is an Amazon Shipping Reboot in the Offering?
SCMR (Supply Chain Management Review)
AUGUST 25, 2023
Reports indicate Amazon is planning to once again compete with FedEx and UPS by relaunching its Amazon Shipping for outside shippers.
The Gap Between Retail Winners and Losers Will Widen This Coming Peak Season
Supply Chain Brain
AUGUST 23, 2023
The winners this season are going to be companies that keep their loyal customers close, and maintain a real focus on customer service. They'll also be deploying AI.
GEP Outlook Report 2025
Advertiser: GEP
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
Ford SK On, EcoProBM partner to shorten North American EV supply chain
Supply Chain Dive
AUGUST 22, 2023
The nearly $1 billion EV battery facility in Québec will produce cathode materials for the automaker.
Enable: Vendor Analysis — Rebate management solution overview, roadmap, competitors, tech selection tips, analyst summary
Spend Matters
AUGUST 21, 2023
This Spend Matters Vendor Analysis provides an overview of Enable and its rebate management solution. Managing B2B rebates has become difficult in the current supply chain environment because the complexity of supply chains and deals has increased and processes and solutions have failed to evolve at the same pace as rebates. Rebates come in many different forms and vary by industry, which makes keeping track of them and maximizing savings hard.
The Power of Digital Twins is Being Drained as Customers are Left Behind
SCMR (Supply Chain Management Review)
AUGUST 24, 2023
As more supply chains build digital twins, few are adding their customers to the modeling, leaving gaps in their ability to drive better outcomes.
Over 40% of Supply Chain Employees Are Women
Supply Chain Brain
AUGUST 23, 2023
A record-breaking 26% of C-suite and executive-level positions in the supply chain industry are now held by women.
10 Ways to Leverage Buyer Signals and Drive Revenue
Advertiser: ZoomInfo
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.
New York City proposes larger cargo bikes for deliveries
Supply Chain Dive
AUGUST 25, 2023
Increasing the maximum bicycle width by one foot would help the city's efforts to cull truck traffic and emissions, according to its transportation department.
Analyst Eye on avoiding the supplier silence treatment – the silent slope
Spend Matters
AUGUST 22, 2023
When price rises for raw materials, such as copper or wheat, are market-driven or are defined by market fluctuations, the procurement professional can be sure their supplier will be on the phone to set expectations of cost increases. But it’s not a two-way street. When market prices fall, you can be sure the phone won’t be ringing off the hook! This is what our senior research analyst Bertrand Maltaverne calls the ‘silent slope.
Signs of Improvement Appear Even as U.S.-Bound Shipments Fall Again in July
SCMR (Supply Chain Management Review)
AUGUST 23, 2023
U.S.-bound shipments fell year-over-year in July but signs of improvement are beginning to appear, reports S&P Global Market Intelligence.
Teamsters Ratify Five-Year Contract with UPS
Supply Chain Brain
AUGUST 23, 2023
The union said that over 86% of participating teamsters voted to approve the contract, which will now be in retroactive effect August 1.
Load Optimization: A Sustainable Way To Reduce Transportation Costs
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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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