Sat.Sep 23, 2023 - Fri.Sep 29, 2023

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Procurement vs. Warehouse – war or cooperation?

ABC of Procurement

Both Procurement and Warehousing are part of the Supply Chain. But so often their interest are exactly opposite. How to find the right balance? The post Procurement vs. Warehouse – war or cooperation? first appeared on ABC of Procurement.

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Unlocking Efficiency and Savings: The Benefits of E-Sourcing Tools in Procurement

ProcurePort

In today’s fast-paced business landscape, procurement plays a pivotal role in an organization’s success. Efficient procurement processes can lead to substantial cost savings, improved supplier relationships, and enhanced overall competitiveness. To achieve these objectives, many businesses are turning to e-sourcing tools, revolutionizing the traditional procurement landscape.

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Trending Sources

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9 Ways to Recruit Top Procurement Talent in Today’s Competitive Market

SCMR (Supply Chain Management Review)

Over the past year, there has been an uptick in procurement recruitment, a trend driven by global disruptions that exposed vulnerabilities in supply chains.

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

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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Streamline Your Sourcing and Procurement for Success.

Procurement Freelancers

With companies becoming more competitive today, it’s important to improve sourcing and procurement processes. Increased… The post Streamline Your Sourcing and Procurement for Success. first appeared on Procurement Blog | Procurement & Supply Chain News.

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Supply Chain Weekly Wrap-Up 09/22/2023-09/28/2023

All Things Supply Chain

Electric car rules could cost carmakers billions The European Automobile Manufacturers Association (ACEA) has warned that new Brexit trade rules related to electric vehicles (EVs) could cost European manufacturers £3.

More Trending

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Only 38% of businesses are tracking Scope 3 emissions: IBM report

Supply Chain Dive

Greenhouse gases used in supply chains represent the largest source of most industries’ carbon footprint, but many firms are just beginning to account for them.

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A Manufacturing Supercycle Has Begun

SCMR (Supply Chain Management Review)

Thanks to a trio of bills passed in the past few years, investment in U.S. manufacturing is at all-time highs, and that means the economy could be poised to take off again.

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Real-time transaction data analysis with IBM Event Automation

IBM Supply Chain Blog

As the pace and volume of digital business continue to increase, organizations are facing mounting pressure to accelerate the speed at which they do business. The ability to quickly respond to shifting customer and market dynamics has become key for contending with today’s growing digital economy. In a survey run by IDC, a leading provider of global IT research and advice, 43% of technology leaders indicated that they were “planning to deliver innovative digital products and services

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Lego Abandons Effort to Make Bricks From Recycled Plastic Bottles

Supply Chain Brain

The project to make bricks from recycled drinks bottles instead of oil-based plastic would actually have led to higher carbon emissions over the product’s lifetime, Lego said.

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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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FedEx testing AI-powered, trailer-loading robots

Supply Chain Dive

The collaboration with Dexterity AI aims to help the delivery giant more efficiently load the wide variety of shipments it handles.

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Supply Chain Management With JDE Managed Services: Everything You Need to Know

SCMDOJO

Supply chain management professionals know the essentiality of Enterprise Resource Planning (ERP): these software systems automate everything from procurement, inventory, and financials, as well as assist with customer relations and human relations. Of those programs, JD Edwards (JDE) is the most well-respected, being used in thousands of organizations worldwide thanks to its ease of use and comprehensive functionality.

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How Home Depot is Meeting Green Goals

Procurement Bulletin

How Home Depot is Meeting Green Goals ESG has gained a lot of attention over recent years and Home Depot is showing other companies how they made use of purchase orders to help meet their green goals by working with manufacturers to move to battery-operated machines. Apple’s Failure to Build Key Part of New iPhones Apple has been working at moving away from external chip producers by designing its own chips for their products.

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Five Tactics for Enabling Smart and Sustainable Supply Chains

Supply Chain Brain

Data-driven, predictive and agile supply chains can help companies achieve their net-zero emissions goals by enabling end-to-end efficiency.

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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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FTC, 17 states sue Amazon for ‘exploiting its monopoly power’

Supply Chain Dive

The e-commerce giant defended the practices outlined in the lawsuit, saying they “spur competition and innovation across the retail industry.

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Building an Efficient Company From Top to Bottom

SCMDOJO

Companies operate on a balance between expenses and revenue. When revenue outpaces the cost of doing business, profitability is attained. When revenue is unable to keep up with expenses, the business will start to lose money. How an organization uses its available resources is one of the main priorities for leadership to determine. If you are running a business or fulfilling an executive position, part of this responsibility rests on your shoulders.

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The Role of Sourcing Agents in Global Supply Chains

Procurement Freelancers

Supply chains are growing globally and are becoming more complicated to manage. With companies sourcing… The post The Role of Sourcing Agents in Global Supply Chains first appeared on Procurement Blog | Procurement & Supply Chain News.

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Mexico’s Future as U.S. Go-To Trade Partner Depends on Investment, Infrastructure

Supply Chain Brain

The reason Mexico didn’t rise as a great near-shore market before was that supply chain resiliency just wasn’t top of mind in the last few decades, when landed cost was king.

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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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AI will revolutionize packaging, but strong controls are needed: Pack Expo speakers

Supply Chain Dive

“Packaging is the hardest piece to corral” due to the complexity of the sector’s data, said Specright founder and CEO Matthew Wright.

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SAP Ariba: Vendor Analysis 2023 Update (Part 2) — S2C solution strengths and weaknesses, tech selection tips

Spend Matters

Part 2 of this Spend Matters Vendor Analysis 2023 update focuses on the strengths and weaknesses of SAP Ariba’s S2C solutions. We also look at the elements to consider when looking at SAP Ariba solutions as potential options. This content is for members only. Visit the site and log in/register to read. The post SAP Ariba: Vendor Analysis 2023 Update (Part 2) — S2C solution strengths and weaknesses, tech selection tips appeared first on Spend Matters.

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The Competitive Expectations Behind the Google Antitrust Trial

Art of Procurement

Google is currently defending themselves in court because the U.S. Department of Justice claims they have violated the Sherman Antitrust. The post The Competitive Expectations Behind the Google Antitrust Trial appeared first on Art of Procurement.

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Watch: Building the Supply Chain From the Ground Up

Supply Chain Brain

A successful supply chain transformation begins with "changing the narrative," says George Raptis, vice president of operations at JP Outfitters. Among other things, the company had to stop viewing itself as "small.

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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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In observability, “automation” is spelled I-N-S-T-A-N-A

IBM Supply Chain Blog

Modern application environments need real-time automated observability to have visibility and insights into what is going on. Because of the highly dynamic nature of microservices and the numerous interdependencies among application components, having an automated approach to observability is essential. That’s why traditional solutions like New Relic struggle to keep up with monitoring in cloud-native environments.

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SAP Ariba: Vendor Analysis 2023 Update (Part 1) — S2C solution overview, market analysis, company SWOT, competitors

Spend Matters

This is the first in a three-part series that covers SAP Ariba’s source-to-contract (S2C) offerings, a subset of SAP’s larger platform. Since its initial founding as Ariba in 1996, SAP Ariba has maintained a longstanding reputation in the digital procurement space for its downstream procure-to-pay (P2P) product. While Ariba’s pre-SAP Ariba history is complex, there is little doubt today that any procurement organization evaluating S2C offerings will have SAP Ariba on their longlist — and likely

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UPS to buy MNX Global Logistics as it grows healthcare portfolio

Supply Chain Dive

The proposed deal will also provide UPS with added technology and reach, as MNX already serves more than 100 countries and territories.

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Port of LA, Long Beach and Shanghai Planning Trans-Pacific Green Shipping Corridor

Supply Chain Brain

Under the plan, carrier partners will deploy reduced or zero lifecycle carbon-capable ships on the Trans-Pacific routes starting in 2025.

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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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Closing the breach window, from data to action

IBM Supply Chain Blog

Accelerate threat detection and response (TDR) using AI-powered centralized log management and security observability It is not news to most that cyberattacks have become easier to launch and harder to stop as attackers have gotten smarter and faster. For those defending against cyberthreats, things continue to get more complicated. The list of challenges is long: cloud attack surface sprawl, complex application environments, information overload from disparate tools, noise from false positives

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Analyst eye on how purchasing must really become supply management

Spend Matters

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. While Kraljic had his own vision when putting forward his method, Spend Matters Senior Analyst Bertrand Maltaverne believes that these decades later you can jokingly say “Purchasing must really become supply management.

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‘Shock and dismay’: Bankrupt Mitchell Gold has thousands of furniture shipments stuck in logistics limbo

Supply Chain Dive

Ryder and other providers are storing millions of dollars worth of products in warehouses as they await payment from a company that is out of cash.

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Russia Expects 2023 Trade Volumes with China to Exceed $200B

Supply Chain Brain

Trade between China and Russia grew substantially during the first seven months of 2023 to $134.1 billion, a 26.5% increase compared to 2022.

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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.