Sat.Dec 31, 2022 - Fri.Jan 06, 2023

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4 Predictions on Procurement’s Top Trends in 2023

Arkestro

A new year offers an opportunity to reflect on the past, learn from it, and prepare for the future. Of course, old problems don’t suddenly disappear because one year ends and a new one begins. But hopefully, we can incorporate what we’ve learned into our day-to-day, creating a better—more resilient—path going forward. In 2022, procurement faced challenges on multiple fronts.

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Supplier Integration — The Ultimate Guide of 2023

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Supplier Integration — The Ultimate Guide of 2023. Supplier integration enables a robust supply chain process. However, not many people know how to collaborate with their suppliers. . For this article, we will discuss what supplier integration is.

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professionals

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The best request for proposal (RFP) questions to ask vendors

RPF360

Whether it's your first RFP or your 101st, sometimes we end up staring blankly at our team, wondering if we've covered all our bases. Learn how to identify and manage sources of vendor risk throughout the RFP and contract review process. The post The best request for proposal (RFP) questions to ask vendors appeared first on RFP360.

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Supply Chain Weekly Wrap-Up 12/30/2022-01/05/2023

All Things Supply Chain

Apple supplier Luxshare reportedly win contract to produce iPhones The share price of Luxshare Precision, a Chinese manufacturing company for Apple, has rose more than 3%, after reports of a…

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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The Big Interview with Rebecca Howard

Procurement Heads

For Procurement Heads ‘ latest Big Interview, Rebecca spoke to Will Cooke about her career, SRM and sustainable procurement. How did you get into procurement? I got into procurement through a graduate procurement programme at British Airways in 1997. Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches.

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Mediation vs Negotiation — 5 Key Differences

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. Mediation vs Negotiation — 5 Key Differences. Mediation and negotiation are both used as alternative dispute resolution techniques based on give and take to resolve disputes. However, how would you know if you are using negotiation or mediation?

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Automakers face Senate probe over forced labor in supply chains

Supply Chain Dive

The chamber’s finance committee is questioning major manufacturers following reports of materials linked to the Xinjiang region of China.

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Welcome to the New Normal

Supply Chain Brain

The pandemic brought supply chain management into the global consciousness in a way it’s never been before. Welcome to 2023.

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PunchOut Catalog — The Ultimate Guide of 2023

Procurement Tactics

33 Procurement Interview Questions in 2023. Download Whitepaper →. . Or receive our famous weekly newsletter. PunchOut Catalog — The Ultimate Guide of 2023. A PunchOut catalog is a dream come true for many procurement professionals that use an e-procurement system. . It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system.

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How worried should procurement be about the relaxation of China’s ‘zero-Covid’ policy?

Procurement Leaders

On the face of it, Chinese President Xi Jinping’s recent decision to abandon much of the country’s strict ‘zero-Covid’ protocols in December 2022 has the potential to be a boon for global businesses. After three years of severe restrictions, the opening up of the world’s second-largest market provides huge trading opportunities that could have knock-on benefits for the global economy.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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UPS to extend demand surcharges beyond peak season

Supply Chain Dive

The updated fees, which will be lower than those implemented during the holidays, will take effect Jan. 15.

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The Biggest Problems with Supplier Diversity Programs and How to Fix Them

Supply Chain Brain

Chief procurement officers have allocated time, resources and money to supplier diversity initiatives but they’re still insipid. Here’s a better way to grow your diverse supplier pool — and your ROI. .

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Putting the retail supply chain in reverse

SCMR (Supply Chain Management Review)

Retailers that don’t consider product returns their biggest source of supply may want to rethink their reverse logistics approaches for 2023.

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Episode 96: The Importance of Standardizing Carbon Reporting with Saleh ElHattab

Una

EPISODE 96. The Importance of Standardizing Carbon Reporting with Saleh ElHattab. By Kelly Barner | January 4, 2023. Most corporate sustainability programs are rooted in passion and a desire to continue doing well while preserving and investing in the environment. That passion is important, but it needs to be supported by quantitative standards. Not only does this make progress possible, but it also holds everyone accountable for the commitments they have made.

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The Evolving Retailer's Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Manufacturers strain to attract talent as more than 740K jobs go unfilled

Supply Chain Dive

Companies are raising wages and adding flexibility in a bid to entice workers.

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Empower Your Workforce to Succeed with Satellite IoT

Supply Chain Brain

When workers are armed with cutting-edge technology that enables them to do their jobs efficiently, burnout is reduced, and retention rates improve.

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Increasing Drug Manufacturing Operating Capacity

Procurement Bulletin

Increasing Drug Manufacturing Operating Capacity. If there’s one thing we learned from 2022, over-reliance on overseas suppliers or having all your eggs in one basket exposed how vulnerable many supply chains were. One industry set up to ramp up local operating capacity is drug manufacturing. As many American drug manufacturing facilities are only operating at below 50% capacity, there’s still a lot to accommodate without having to invest in new and larger operations without over-rel

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Adding New Dimensions to the Kraljic Matrix

The Good Spending

The Kraljic matrix is still an excellent procurement tool, yet somewhat simplistic. Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. This article proposed an elegant scenario, which I applied to add at least three more dimensions to the Kraljic matrix.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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Walmart made over 6,000 drone deliveries in 2022

Supply Chain Dive

While the retailer seeks to eventually deliver 1 million packages by drone annually, an executive said it's encouraged by the initial response.

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How to Avoid Demurrage, Detention and Storage Charges

Supply Chain Brain

Two years of logistics logjams have burdened ocean shippers with costly increases in demurrage, detention and storage fees.

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It’s time to move beyond just-in-time and just-in-case

SCMR (Supply Chain Management Review)

Ultimately, the goal for managers is still to create the most efficient supply chain possible for their inventory management. Rather than committing to just-in-time or just-in-case, an unpredictable world demands that managers mitigate risks by always being agile.

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The Basics of Group Purchasing

Una

The Basics of Group Purchasing. Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. By Mackenzie Oakley | January 5, 2023. Search. While cost savings is likely at the forefront of any procurement initiative, the profession continues to evolve with more focus than ever being placed on risk reduction, sustainability, strengthening supplier relationships, compliance and business continuity.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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4 benefits of supplier segmentation

Supply Chain Dive

By categorizing vendors, procurement managers can focus on maximizing the value of supplier relationships.

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California Braces for Its Next Deluge as Pacific Storms Line Up

Supply Chain Brain

A powerful stream of densely moist air flowing off the Pacific Ocean is forecast to bring 3 to 6 inches of rain to a wide area from Eureka to San Francisco January 4 into January 5.

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Infographic: Meet customer expectations trough last-mile logistics

SCMR (Supply Chain Management Review)

The infographic below presents key ways that customer behavior has changed, how that behavior has made an impact on last-mile deliveries, and ways that organizations can make last-mile deliveries more reliable and cost-effective.

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3 Key Messages for Procurement Leaders in 2023

Art of Procurement

Over the course of the year, the Art of Procurement team is privileged to speak to a LOT of people. The post 3 Key Messages for Procurement Leaders in 2023 appeared first on Art of Procurement.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Winter weather stymied on-time deliveries in days before Christmas

Supply Chain Dive

Project44 data shows how challenging conditions on Dec. 23 and Dec. 24 soured what was overall a smooth peak season for last mile delivery performance.

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Smarter Data Management Can Relieve Tech Supply Chain Woes

Supply Chain Brain

Data storage managers should aim to extend the life of their data center hardware, move data to the cloud whenever possible, and delete data that is simply wasting space and money.

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Remodeling supply chain teams for data ROI

SCMR (Supply Chain Management Review)

How are practitioners harnessing these talents to innovate and improve supply chain performance?

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New Year Insights for the procurement solutions and services marketplace 2023: Certa

Spend Matters

Categories: Best Practice , Commentary , Procurement Strategy & Planning Tags: EU , Insights Series For several years now, Spend Matters has been collecting and publishing a series of articles about predictions and insights on procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year is no different and we’ve framed the subject around “insights,” highlighting providers' observations from the year they’ve left behind and how th

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?