Sat.Sep 09, 2023 - Fri.Sep 15, 2023

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Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

In an era marked by growing environmental concerns and the urgent need for sustainable practices, procurement has emerged as a pivotal player in fostering sustainability within organizations. Procurement, traditionally seen as a function focused on sourcing goods and services at the best possible prices, has now evolved into a strategic driver for sustainability.

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The power of diversity in procurement: Driving business success through inclusion — Part 3 (Technology)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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Trending Sources

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5 Common Myths About GPOs

Art of Procurement

At Categorypalooza 2023, Brian Halpin, VP and General Manager at Procure Analytics, led a session on the complexities and opportunities. The post 5 Common Myths About GPOs appeared first on Art of Procurement.

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — SAP

Spend Matters

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.

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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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Leveraging Procurement Software with ERP Integration

Fraxion

The advantage of procurement software with ERP integration Companies are looking for ways to stay competitive, and it is no secret that having efficient and streamlined processes is vital to staying ahead of the curve. One critical aspect of business operations is Enterprise Resource Planning (ERP), a comprehensive software system that integrates various departments and functions within an organization.

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Supply Chain Weekly Wrap-Up 09/08/2023-09/14/2023

All Things Supply Chain

Tesla reinvents carmaking with breakthrough Tesla is reportedly on the verge of a game-changing development in electric vehicle (EV) manufacturing.

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The Warehouse Lights bet-short stories

ABC of Procurement

This is a real-life story on how procurement sometimes has to support the supplier even if the stakeholders are against the idea. The post The Warehouse Lights bet-short stories first appeared on ABC of Procurement.

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THE BIG INTERVIEW WITH LAURA DANIEL

Procurement Heads

For Procurement Heads’ latest Big Interview, Laura spoke with Gemma Burman about her career in procurement and what challenges she and other procurement leaders currently face in the industry. How did you get into Procurement? So, like most people, I didn’t choose procurement. I think it chose me. I started my career at nPower, a large utility company.

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Dollar General braces for $95M profit hit as it clears inventory

Supply Chain Dive

While it works to reduce stock levels, the discounter is also investing in new planning tools to help manage flows at stores and distribution centers.

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The Supply Chain Has a New Paradigm

Supply Chain Brain

Now volatility is end to end, and supply chain planning extends beyond order fulfillment to sustainability and resiliency. The good news: They’ve updated the operator’s manual.

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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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The power of supplier diversity in procurement: Driving business success through inclusion — Part 2 (ROI)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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Powering the future: The synergy of IBM and AWS partnership

IBM Supply Chain Blog

We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge. IBM and AWS have been working together since 2016 to provide secure, automated solutions for hybrid cloud environments.

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Where AI Actually Matters in the Supply Chain

The Network Effect

AI is big in supply chain management, but there are places it is ideally suited to, and other areas that are highly problematic. Ranjit Notani explains.

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Key Considerations in Evaluating the Popular Near-Shoring Trend

Supply Chain Brain

Near-shoring operations shouldn't be done lightly, but only after looking internally at business goals and externally at the market to make an informed decision.

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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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FDA issues warning letters to 3 baby formula makers

Supply Chain Dive

Perrigo, ByHeart and Mead Johnson received letters as part of the agency's ongoing review of formula manufacturing after years of constrained supply and recalls.

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Analyst Eye on intake management solutions – Where are they going?

Spend Matters

The term ‘intake management’ has existed for years in a procurement context, but only relatively recently has its role become firmly implemented within the source-to-pay (S2P) software market. That is a result of the added value procurement is required to bring to stakeholders, the need for process user friendliness and adoption, and the so far weakly implemented management of the front end of the end-to-end procurement process.

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359: Women in Supply Chain, Alexis Mizell-Pleasant

Let's Talk Supply Chain

 In today’s episode of Women In Supply Chain, I’m joined by Alexis Mizell-Pleasant – editor, writer, content creator and veteran. Alexis served in the U.S. Navy as an Engineer and Supervisor in the Reactor department engine room onboard the USS Ronald Reagan, before embracing her passion for writing and pursuing a career in media. Benefitting from a diverse resume of communications experience, Alexis is currently Managing Editor of Food Logistics and Supply & Demand Chain Executive magazine

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The Food Supply Chain at Risk: How Can We Secure it?

Supply Chain Brain

Enhanced visibility, paired with purpose-built tools designed to monitor the organization’s most critical applications, along with a strategic response plan, can help manufacturers stay ahead of the curve.

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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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Unlocking Cost Savings: The Role Of A Purchasing Consultant In Optimising Procurement Strategies

Procurement Freelancers

In an era where every penny counts, businesses are seeking ways to streamline their operations… The post Unlocking Cost Savings: The Role Of A Purchasing Consultant In Optimising Procurement Strategies first appeared on Procurement Blog | Procurement & Supply Chain News.

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Warehouse Layout Optimization for Efficient Inventory Management

SCMDOJO

Warehouses seem like a confusing maze filled with rows of shelves, stacks of goods, and a beehive of activity. Have you ever thought about how these warehouses are actually designed? Or how the warehouse staff always seem to know exactly where everything is located? This is where warehouse layout optimization come into play. Welcome to the world of smart warehouse layout optimization – where the right planning, designing, and execution can take the space from chaotic to systematic!

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RFID on packaging gains traction amid food safety and waste concerns

Supply Chain Dive

A tracking system traditionally used for nonperishable items could become more common on certain types of packaging ahead of future traceability requirements from the U.S. Food and Drug Administration.

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Ramping Up Supply Chain Resilience with AI-Powered CLM

Supply Chain Brain

Business systems can’t operate with true effectiveness as stand-alone functions; they must work together for businesses to harvest the most value from their data.

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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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Selecting Supplier Auditors: A Strategic Approach For Businesses

Procurement Freelancers

In the interconnected world of business, supply chains are the primary backbone of organizations. They… The post Selecting Supplier Auditors: A Strategic Approach For Businesses first appeared on Procurement Blog | Procurement & Supply Chain News.

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The Cold, Hard Facts About Cold Chain Logistics

Art of Procurement

The term “cold chain” was first used in 1908 to describe meat industry storage and transportation in and out of. The post The Cold, Hard Facts About Cold Chain Logistics appeared first on Art of Procurement.

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Amazon unveils end-to-end supply chain services

Supply Chain Dive

Through Supply Chain by Amazon, sellers can have Amazon handle their logistics from manufacturers to customers.

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How to Create and Build a Cyber-Resilient Organization

Supply Chain Brain

Building a cyber-resilient organization is no longer something supply chains can wait to do or invest in over time. It has become a critical priority.

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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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Data breach prevention: 5 ways attack surface management helps mitigate the risks of costly data breaches

IBM Supply Chain Blog

Organizations are wrestling with a pressing concern: the speed at which they respond to and contain data breaches falls short of the escalating security threats they face. An effective attack surface management (ASM) solution can change this. According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 million this year.

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3 steps to unlock spend synergies through unified language

Spend Matters

This content does not express the views or opinions of Spend Matters. As a procurement professional myself, I have witnessed and been part of many procurement teams of different maturity levels and sizes. Their shared mission? Enabling business objectives — whether it’s growth, innovation, cost-cutting, compliance or risk management — by gaining control over the addressable spend across the company.

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Kroger taps the brakes on automated fulfillment center rollout

Supply Chain Dive

The grocery chain plans to hold off on building new e-commerce sites with the robotics firm Ocado, aiming to focus on automation at its current sites.

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U.S. Department of Commerce Publishes Text of Landmark Indo-Pacific Supply Chain Agreement

Supply Chain Brain

The proposed Supply Chain Agreement is designed to enable IPEF partners to work together collaboratively through information exchange, sharing of best practices, collective response to disruptions, and supporting labor rights.

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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.