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.
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.
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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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 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.
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.
Watch: How AI Has Transformed the Logistics Landscape
Supply Chain Brain
AUGUST 21, 2023
Robotics and artificial intelligence are changing more than the warehouse, says Ray Roberts, enterprise sales executive at Logiwa. An example: Autonomous vehicles are becoming more active in trucking.
Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations
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.
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.
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.
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.
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.
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
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.
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.
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.
Huawei Accused of Building Secret Manufacturing Facilities in China
Supply Chain Brain
AUGUST 23, 2023
By constructing facilities under the names of other companies, Huawei can circumvent U.S. restrictions, allowing the organization to indirectly purchase American chip manufacturing equipment.
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.
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.
How food freshness sensors could impact supply chains
Supply Chain Dive
AUGUST 23, 2023
Expiration and date labels on packaging can cause confusion and food waste. Companies and researchers around the world are testing inks, pH sensors, hydrogels and other approaches to change that.
Watch: Creating Purpose-Driven Supply Chains
Supply Chain Brain
AUGUST 23, 2023
For a business wanting to cultivate a better world, it all starts with the supply chain, says Carlos Londono, vice president of supply chain at restaurant chain Chipotle Mexican Grill.
The Ultimate Guide to Transportation and Load Building Optimization
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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.
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.
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.
How China’s New Restrictions on Critical Minerals Will Affect Global Sourcing Strategies
Supply Chain Brain
AUGUST 20, 2023
The latest skirmish in the trade war between the U.S. and China provides yet another reminder of why American high-tech manufacturers need to diversify their supply of critical raw materials.
How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software
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.
2018 Call for Code Winner Project OWL advances its natural disaster communication network
IBM Supply Chain Blog
AUGUST 24, 2023
For disaster-prone areas, fragile connectivity remains a major problem, often going offline in critical moments. Aerospace enterprises face a similar challenge when trying to run consistent high-altitude connectivity while operating in remote locations, which can also be very expensive. This is where Project OWL comes into play: developing new technologies to help address these challenges.
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.
Target’s operating profit leaps 273% after long battle against inventory
Supply Chain Dive
AUGUST 21, 2023
The spike follows last year’s painful stock clearing that “laid the groundwork for the recovery and profitability,” its CEO said.
Gebrüder Weiss and Atinkana Create a More Sustainable Way to Transport Coffee
Supply Chain Brain
AUGUST 25, 2023
Gebrüder Weiss said it takes about ten weeks to get coffee to Europe via sailing ships, meaning the company transports 14 tons of coffee to Switzerland once a year.
The Evolution of Control Towers to Command Centers
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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.
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