Procurement Leaders

JULY 15, 2024

Being a chief procurement officer might be the best job in the world. That’s quite the statement but, writing this from the grounds of Château St. Gerlach near Maastricht as Procurement Leaders’ annual CPO retreat Ovation reaches its conclusion, I’m left in no doubt that it’s one based on reality. Why? That becomes clearer when you take a moment to step back and consider the sphere of influence and scope of impact that procurement has.

Chief Procurement Officer 130

Chief Procurement Officer Influencing Sustainability Business strategy 130

Art of Procurement

JULY 18, 2024

Section 321 of the U.S. Tariff Act of 1930 contains a small provision known as ‘de minimis,’ a Latin phrase. The post De Minimis: Supply Chain Trifles the Law Should be Concerned With appeared first on Art of Procurement.

Supply chain 131

Supply chain Supply Procurement Risk management 131

All Things Supply Chain

JULY 15, 2024

As supply chains continue to grow in scope and complexity, so do contractor safety risks.

Supply chain 130

Supply chain Risk Supply Supply chain management 130

Supply Chain Dive

JULY 15, 2024

The workwear brand is tapping the U.S. Cotton Trust Protocol and Better Cotton initiative in a bid for greater traceability and transparency over its supply chain.

Supply Chain Efficiency 134

Supply Chain Efficiency Sourcing Bidding Sustainability 134

Advertisement

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.

Supply Chain Optimization

Procurement Leaders

JULY 16, 2024

In partnership with Ivalua: CPOs must be prepared to pilot at pace, fail and learn from their mistakes to accelerate the adoption of AI and capture the full value that the technology offers

Procurement 100

Procurement 100

Supply Chain Brain

JULY 15, 2024

Tom Moore and Keith Moore, CEOs of, respectively, ProvisionAi and Autoscheduler.AI, talk about how AI is helping to solve problems in supply chains — and where it's more a matter of hype.

Supply chain 116

Supply chain Supply 116

Supply Chain Dive

JULY 16, 2024

The Supply Chain Information Highway’s next phase of development will include additional rail cargo and export visibility, among other features.

Export 127

Export Supply chain Supply 127

Spend Matters

JULY 15, 2024

In the realm of modern business operations, effective financial management is not just a task, it’s the heartbeat that drives growth and sustains operations. Imagine a company navigating a complex network of supplier negotiations, payment terms and cash flow management. This is where procurement steps in as the strategic architect, shaping the path to financial optimization.

Supplier negotiation 107

Supplier negotiation Sustainability Negotiation Networking 107

Supply Chain Brain

JULY 18, 2024

Chief information officers today face increasing pressure to keep pace with advances in technology. And that brings the role of the integration platform as a service (iPaaS) into prominence.

105

105

Procurement Freelancers

JULY 17, 2024

Starting an online store is exciting, but you may face many obstacles you can’t overcome.… The post Is a Product Sourcing Agent Right for My E-Commerce Business? first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing 98

Sourcing Supply chain Procurement Supply 98

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.

Supply chain

Supply Chain Dive

JULY 15, 2024

The terminal is slated to begin operations as early as 2026, serving industries such as manufacturing, agriculture and consumer goods.

136

136

SCMDOJO

JULY 16, 2024

Transportation is a complex system, and even minor inefficiencies can have a ripple effect. This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. We’ll delve into each challenge and explore potential solutions: 1. Demand Fluctuations: Challenge: Seasonal variations, daily sales fluctuations, and unpredictable demand patterns can lead to underutilized vehicles.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Route optimization Agile and Lean Supply Chain 97

Supply Chain Brain

JULY 17, 2024

Just over 49% of workers voted in favor of unionizing, ending a two-year-long fight where employees held a series of strikes in a push for higher pay.

111

111

Procurement Freelancers

JULY 14, 2024

Getting business agreements handled properly is essential for businesses. It means taking care of contracts… The post 7 Steps to Streamline Your Procurement Contract Management first appeared on Procurement Blog | Procurement & Supply Chain News.

Contract management 98

Contract management Procurement contracts Contract Management 98

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

Bidding

Supply Chain Dive

JULY 16, 2024

The retailer’s implementation of a new warehouse management system is a key component of its efforts to bolster its omnichannel capabilities.

Management 126

Management 126

Procurement Insights

JULY 16, 2024

Email No. 1 Hello, ABC Solution Provider. I had a productive call with the prospective client practitioner this morning. After providing them with added industry insight regarding competitors in the market and understanding their decision-making process, here is what I know: Their priorities regarding a solution provider – feet on the ground presence regionally is important.

Data 90

Data Import Sourcing 90

Supply Chain Brain

JULY 14, 2024

The best way that industrial supply chains can prepare for an uncertain future is to imagine the most extreme outcomes playing out — in opposite directions.

Supply chain 115

Supply chain Supply 115

Art of Procurement

JULY 17, 2024

Procurement intake processes are often misunderstood by other areas of the business, and having to constantly guide distributed buyers through. The post AOP Introducing… Tonkean Enterprise Copilot appeared first on Art of Procurement.

Buyers 59

Buyers Procurement 59

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.

Supply Chain Optimization

Supply Chain Dive

JULY 17, 2024

The Bipartisan Infrastructure Law is funding 13 economically significant projects to address traffic and freight bottlenecks.

133

133

Procurement Insights

JULY 19, 2024

Over the past few decades, I have written about and interviewed some of the top professionals in this area, including Forrest Breyfogle. Here is the link to the first Six Sigma case study of Forrest’s that I posted on my YouTube channel in 2008 – [link] Watching that video today, the case study seems as relevant now as it did then—maybe even more so.

Purchasing 66

Purchasing Supply chain Supply 66

Supply Chain Brain

JULY 18, 2024

With concerns over transit delays in the Red Sea and the looming threat of an East Coast and Gulf port longshoremen strike, retailers began restocking shelves in June.

110

110

The Good Spending

JULY 14, 2024

When I came across the notion of the opportunity cost , I realized I was barely adding it to my TCO calculations. The Notion of Opportunity Cost Opportunity cost is a fundamental economic concept representing the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. In simpler terms, it's the value of the best alternative foregone.

Contract 59

Contract Budget Procurement Strategy 59

Advertisement

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.

Supply Chain Optimization

Supply Chain Dive

JULY 19, 2024

The parties had seen talks stall since June after a local dispute arose over the use of automated gates.

133

133

Procurement Insights

JULY 19, 2024

The # 1 thing you can do to guarantee your procure tech succeeds? Be agent-based, NOT equation-based. Lead with problem-solving, people, and process, then technology, not equation-based, which is technology, process, and people. Jon W. Hansen , one of the top voices of procurement argues that with this mentality YOUR TEAM will always succeed, regardless of the technology.

Procurement 52

Procurement Supply chain Supply 52

Supply Chain Brain

JULY 17, 2024

Predictive AI models will power smarter inventory distribution, greater pick path efficiency and dynamic order grouping, thereby improving accuracy, reducing costs and accelerating throughput.

Inventory 105

Inventory 105

Art of Procurement

JULY 19, 2024

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – July 19th, 2024 appeared first on Art of Procurement.

Procurement 52

Procurement 52

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.

Procurement

Supply Chain Dive

JULY 18, 2024

Leaders of the digital infrastructure climate group iMasons Climate Accord called for using third-party verified assessments for data center suppliers.

Suppliers 122

Suppliers Data 122

Skill Dynamics

JULY 19, 2024

Procurement transformation, although innovative and beneficial, often arises alongside a resistance to change, lack of skills and data issues within teams. It isn’t always easy to get everyone onboard, however you can lay the groundwork to make the process as simple as possible, with clear visibility for the team involved. Let’s take a look at how you can develop and implement your procurement strategy roadmap from start to finish and address key challenges you may face along the way, as w

Procurement strategies 52

Procurement strategies Strategy Procurement supply chain budgeting 52

Supply Chain Brain

JULY 14, 2024

This white paper highlights the impact BANI is having on the supply chain and shows how logistics professionals can manage challenges that defy imagination.

Logistics 105

Logistics Supply chain Management Supply 105

Finale Inventory

JULY 18, 2024

Retail inventory management is a fundamental part of running a successful ecommerce business. With the evolving landscape of online retail, staying ahead is crucial. Effective strategies can optimize inventory control and enhance overall efficiency. This article outlines key aspects of retail inventory management and future trends shaping the industry.

Inventory 52

Inventory Supply Chain Efficiency Management Real-time Visibility 52

Advertisement

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.

Real-time Visibility