Procurement Insights

SEPTEMBER 20, 2023

EDITOR’S NOTE: In her September 18th, 2023 article Regenerative Procurement is the new Procurement , Elvire Regnier writes, “Procurement performance is assessed primarily on the basis of price reduction. Cost reductions and avoided costs are, in the vast majority of cases, not recognized by finance departments.” The misalignment to which Elvire refers results from equation-based versus agent-based modelling.

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Supply Chain Brain

SEPTEMBER 19, 2023

At a time when procurement is having trouble attracting and retaining top talent, there’s an opportunity to invest in people, by adopting AI-powered tools.

Strategy 59

Strategy Procurement 59

Arkestro

SEPTEMBER 18, 2023

Resources / Infographics / The State of Procurement: Opportunities Lost The State of Procurement: Opportunities Lost Many of today’s procurement departments struggle with precision and efficiency, leading them to fall short of their goals and potential. Because of this, many departments are experiencing diminishing returns and lost opportunities. Here are the four most common challenges.

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supply chain budgeting Procurement Supply Chain Optimization Supply Chain Efficiency 52

Spend Matters

SEPTEMBER 21, 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.

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Supply Chain Efficiency Procurement Sustainability Supply chain 88

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Supply Chain Optimization

Supply Chain Brain

SEPTEMBER 21, 2023

Andrew Leto founder and chief executive officer of online truck freight procurement platform Emerge, has a habit of looking for gaps in the logistics industry that can be filled via emerging technologies.

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All Things Supply Chain

SEPTEMBER 22, 2023

Amazon and Maersk renew biofuel partnership The demand for sustainable ocean transportation services is growing, with a wide range of industries, including fashion, retail, automotive, and more, seeking eco-friendly shipping…

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Supply Chain Dive

SEPTEMBER 18, 2023

Whether it's due to natural disasters, geopolitical tensions, economic downturns, or unforeseen events, companies need to be prepared to withstand changes in the supply chain to maintain their operations and serve their customers.

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IBM Supply Chain Blog

SEPTEMBER 19, 2023

Generative artificial intelligence (AI) burst into the mainstream in 2023, lighting a fire under businesses to integrate enterprise-grade versions into their processes. By 2024, 60% of C-suite executives are planning to pilot or operate generative AI in some way, indicating that generative AI’s public-facing platforms have awakened the world to its groundbreaking capabilities For Communications Service Providers (CSPs) and Network Equipment Providers (NEPs), in particular, generative AI ho

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All Things Supply Chain

SEPTEMBER 21, 2023

We are excited to announce that the CPO Summit returns on November 2-4th of November at the JW Marriott Marquis Miami, Miami, FL USA!

Chief Procurement Officer 260

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Supply Chain Brain

SEPTEMBER 21, 2023

Utilities should set their procurement technology strategy to implement a fully integrated global I.T. system infrastructure that incorporates procure-to-pay operations with fully automated workflows.

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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

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. In this comprehensive guide for 2023, we’ve compiled a list of essential procurement synonyms, shedding light on the subtle distinctions that set each term apart.

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IBM Supply Chain Blog

SEPTEMBER 21, 2023

Generative AI and large language models are poised to impact how we all access and use information. But as organizations race to adopt these new technologies for business, it requires a global ecosystem of partners with industry expertise to identify the right enterprise use-cases for AI and the technical skills to implement the technology. During TechXchange , IBM’s premier technical learning event in Las Vegas last week, IBM Partner Plus members including our Strategic Partners, reseller

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All Things Supply Chain

SEPTEMBER 18, 2023

The diamond industry has long been associated with luxury, beauty, and timeless elegance.

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Supply Chain Brain

SEPTEMBER 19, 2023

Current law does not allow the FMC to enforce federal anti-trust laws against foreign-owned ocean carriers — which covers all major ones.

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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

SCMR (Supply Chain Management Review)

SEPTEMBER 19, 2023

By identifying friction points and eliminating them so that planners do not perceive new tools as a risk to their job performance, leaders will develop trust among their teams that will lead to greater adoption.

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Supply Chain Dive

SEPTEMBER 22, 2023

For now the manufacturer expects modest effects as a handful of plants at the Big Three automakers stand idle. But that could worsen if workers at other plants strike.

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Spend Matters

SEPTEMBER 19, 2023

In our ever-increasingly connected world and the “hyper-globalized” supply chains that keep it running, a natural disaster tends to have widespread effects well beyond ground zero. While the local impact to humans, property and the wider ecosystem caused by floods, fires and other catastrophic events can be devastating, the ripple effects can reach across the globe and affect business everywhere.

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Supply Chain Brain

SEPTEMBER 20, 2023

For retailers, time is running out for peak-season planning. That’s why it’s important to study your existing peak-season data.

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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

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Picture this: You’re at your local supermarket, eagerly exploring the fresh produce section. You carefully select a carton of ripe, juicy fresh-cut strawberries, envisioning them as the star ingredient in your weekend’s mouthwatering desserts. You’re all set to enjoy a delightful culinary adventure. But as you savor your first bite of a luscious strawberry shortcake, you receive a notification on your smartphone.

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Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply chain 101

Let's Talk Supply Chain

SEPTEMBER 22, 2023

Working your way up in supply chain for a seat at the table may still not be simpler for women, even with growing market needs and challenges presenting new opportunities. Women still make up less than half of the supply chain workforce and just 21% of executive-level supply chain roles—backsliding a little from previous years. However, while women in supply chain have more challenges breaking through to executive-level positions, female professionals (founders included) comprise 19% of the supp

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Spend Matters

SEPTEMBER 18, 2023

In this Spend Matters Insider Vendor Analysis Update, we give an updated and more complete overview of Resilinc (originally briefly covered in 2022), a solution built to reduce risks in supply chains to make them more resilient. Supply chains have been the focus of much news in the last few years. Disruption after disruption created shortages that stopped factories and emptied shelves and warehouses.

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Risk management Risk Supply chain Management 106

Supply Chain Brain

SEPTEMBER 18, 2023

profitability is taking a back seat to technology transformation, supply chain and operational challenges, according to a survey released September 18 by Jefferson Wells.

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Supply Chain Optimization

IBM Supply Chain Blog

SEPTEMBER 20, 2023

Few technologies have taken the world by storm the way artificial intelligence (AI) has over the past few years. AI and its many use cases have become a topic of public discussion no longer relegated to tech experts. AI—generative AI, in particular—has tremendous potential to transform society as we know it for good, boost productivity and unlock trillions in economic value in the coming years.

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Procurement Bulletin

SEPTEMBER 17, 2023

Amazon Launches Supply Chain Solution In its continued race to dominate e-commerce, Amazon announced a new automated supply chain service for sellers aptly named, Supply Chain by Amazon. The solution offers an end-to-end automated solution to help sellers bring product from manufacturing directly to their customers. (Is it me or did this sound like an ad for Amazon’s Supply Chain service?

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Spend Matters

SEPTEMBER 20, 2023

In this Spend Matters Vendor Analysis we provide an overview of Anvil Analytical and its solution for spend analytics (including contract and inflation analytics) and CO2 analytics. In today’s dynamic business landscape, data is the currency that drives decision making and fuels innovation. Usable data is a critical tool for organizations seeking to optimize their operations, enhance efficiency and drive sustainable growth.

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Market analysis Contract Sustainability Buyers 103

Supply Chain Brain

SEPTEMBER 20, 2023

Today, CFOs, CIOs and general counsels are facing a reality that demands the fusion of two crucial elements: visibility to maintain the smooth flow of the supply chain, and compliance with stringent regulations.

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Supply chain resilience Supply chain Supply Demand 105

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

SCMR (Supply Chain Management Review)

SEPTEMBER 21, 2023

3 companies and 3 individuals have been recognized with Association for Supply Chain Management Awards of Excellence for their dedication in advancing the field of supply chain management.

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Procurement Freelancers

SEPTEMBER 17, 2023

A procurement agent is the linchpin of an entire supply chain. They make sure that… The post Navigating the World of Procurement: Tips for New Agents first appeared on Procurement Blog | Procurement & Supply Chain News.

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IBM Supply Chain Blog

SEPTEMBER 20, 2023

The simple answer: spear phishing is a special type of phishing attack. Phishing is any cyberattack that uses malicious email messages, text messages, or voice calls to trick people into sharing sensitive data (e.g., credit card numbers or social security numbers), downloading malware, visiting malicious websites, sending money to the wrong people, or otherwise themselves, their associates or their employers.

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Spend Matters

SEPTEMBER 19, 2023

Find out how Spend Matters holistically helps Solution Providers >> I don’t often get to ‘take to the digital boards’ of Spend Matters these days anymore, but a snarky-ish post I made on LinkedIn has led to so much public and private reaction and conversation (a month later!) that I felt obligated to dive deeper. Here’s the post I made: On the surface, it seems like harmless fun, right?

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Influencing Strategy Suppliers Data 101

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