All Things Supply Chain
OCTOBER 21, 2024
In an era where technological advancements are necessary for staying competitive, the digitization of supply chains represents a pivotal shift in operational excellence.
Procurement Leaders
OCTOBER 21, 2024
There are many ways that procurement brings financial value to an organisation – from the consistent delivery of year-on-year savings and cost avoidance to the strengthening of working capital positions and cash flow. But perhaps the most progressive of impacts that CPOs can pursue is to drive revenue generation – using procurement’s powers and relationships to deliver top-line impact.
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Art of Procurement
OCTOBER 20, 2024
There are two weeks to go until the 2024 U.S. Presidential Election. Interest, speculation, and tension have been building all. The post 2024 U.S. Presidential Election Special Series appeared first on Art of Procurement.
Supply Chain Dive
OCTOBER 23, 2024
The program, called Amazon Today, will operate until Jan. 24 as the company looks to reduce overlap in its fast shipping offerings.
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Supply Chain Brain
OCTOBER 21, 2024
Private shippers will typically use dual labels to identify both the USPS and a private mail carrier as possible delivery agents for a parcel.
Spend Matters
OCTOBER 23, 2024
As part of our third-party/supply chain risk management (TPRM/SCRM) series, today we address the ROI of risk management. As we inferred in our exploration of the types and sources of risk, risk management done well can reap rewards, just as risk management ignored can reap chaos. The breadth and depth of risk types and sources can be overwhelming for organizations and even costly if left unchecked.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Dive
OCTOBER 21, 2024
The fast food giant, which is the world's largest buyer of beef, alleges major meat companies conducted illegal acts to drive down supplies.
Supply Chain Brain
OCTOBER 23, 2024
While Boeing’s latest 35% pay offer was a bump from its initial 25% increase, workers are still angered by the failure to reinstate their defined-benefit pension plan.
Spend Matters
OCTOBER 23, 2024
Geopolitical supply chain risk covers conflicts and political issues and actions across the world that affect regions and borders, economic issues (around the likes of regulations, commodities, natural resources and trade), military risks (around foreign policy and escalating conflict) and social risks (around environment, health outbreaks and safety).
Arkestro
OCTOBER 22, 2024
In today's fast-paced business environment, procurement teams are often trapped in reactive cycles, limited from providing strategic foresight.
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 Dive
OCTOBER 21, 2024
The chocolate maker's Advancing Agility and Automation Initiative leans on digitization to boost visibility and optimize manufacturing and procurement.
Supply Chain Brain
OCTOBER 23, 2024
As negotiations between the ILA and USMX continue, the issue of automation at ports remains a point of contention.
Spend Matters
OCTOBER 21, 2024
This Spend Matters Vendor Analysis provides an overview of Spendscape by McKinsey and its solution for spend and CO2 analytics. Analytics are vital to the success of a procurement team, as data-driven decision making, improving efficiency and productivity, risk management, cost reduction and much more all depend on solid analytics. While many tools include analytics in the loosest sense, it takes an expertly designed analytics-focused tool to deliver the full value possible.
Procurement Insights
OCTOBER 24, 2024
The following is a DPW post on LinkedIn : Why do some companies scale AI while others get stuck in the proof of concept stage? Accenture research reveals that 75% of executives fear their business won’t survive without scaling AI in the next 5 years. Yet, 76% are struggling to make it happen. At hashtag#DPWAmsterdam , Accenture’s Kris Timmermans highlighted 3 key factors that drive the shift from experimental to exponential AI impact.
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
Supply Chain Dive
OCTOBER 24, 2024
The state’s Smackover Formation region may contain up to 19 million tons of the critical mineral, more than enough to meet projected global demand in 2030.
Supply Chain Brain
OCTOBER 22, 2024
Although it's unclear what exactly it is that's sparked this recent increase, most of the threats appear to be coming from anonymous accounts on social media.
Spend Matters
OCTOBER 21, 2024
During the week of September 23, I represented Spend Matters at the Amazon Business Reshape 2024 event in Dallas, Texas. The event, which hosted over 1,100 attendees (a 28% year-over-year increase), detailed Amazon Business’s growth, revealing that it has reached over $35 billion in annualized sales and serves more than 6 million business customers.
Procurement Insights
OCTOBER 20, 2024
Here is an excerpt from a LinkedIn post by Jose Bustillio that caught my attention this morning: I stepped into the room. The energy was great! Everyone was dressed to impress, and the music? It was loud, but the kind that makes you want to move. You know that feeling, right? Lol. I couldn’t help but start to dance a little, but just discreetly, lol.
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 Dive
OCTOBER 24, 2024
A condensed peak season is expected to increase in-store shopping activity, which could blunt home delivery demand.
Supply Chain Brain
OCTOBER 23, 2024
Multi-tier supply chain intelligence has the potential to strongly enhance the resilience of the supply chain, making it an invaluable asset to organizations.
Spend Matters
OCTOBER 21, 2024
This second part of the Spend Matters Vendor Analysis on Spendscape by McKinsey’s spend and CO2 analytics solution details its strengths and opportunities. It also looks at the voice of the customer and what considerations may factor in choosing Spendscape as a potential solution provider. Part 1 of the series provided a history and overview of Spendscape’s solution and the solution’s roadmap/vision.
Procurement Insights
OCTOBER 21, 2024
EDITOR’S NOTE: The following is the discussion stream resulting from a thought-provoking interview between Shaun Syversten and David Loseby which illustrates perfectly why the agent-based model is critical to ProcureTech initiative success. Shaun Syversten: “Economics, unfortunately, as originally conceived” – “many others probably before” How much do you rely on logic when making decisions in procurement?
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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.
Supply Chain Dive
OCTOBER 21, 2024
Per-package ground parcel rates reached their lowest level since 2021, according to the TD Cowen/AFS Freight Index.
Supply Chain Brain
OCTOBER 23, 2024
While Boeing’s latest 35% pay offer was a bump from its initial 25% increase, workers are still angered by the failure to reinstate their defined-benefit pension plan.
Spend Matters
OCTOBER 22, 2024
This content does not express the views or opinions of Spend Matters. In today’s fast-paced business environment, procurement teams are often trapped in reactive cycles, limited from providing strategic foresight. A key solution is embracing digitalization, specifically by integrating orchestration, automation and artificial intelligence (AI) into procurement processes.
The Good Spending
OCTOBER 24, 2024
S SaaS is booming—but at what cost? The market is set to skyrocket, potentially reaching $1 trillion by the early 2030s—up from the current $240-$320 billion range. But this explosive growth hides a disturbing flipside. 2. The hidden cost: unused licenses and soaring spend. Nearly 50% of SaaS licenses go unused, while companies add an average of six new apps each month, building on an already bloated base of 269 apps.
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Supply Chain Dive
OCTOBER 23, 2024
While lower demand may be driving the decline, shippers still have potential carrier surcharges to factor in.
Supply Chain Brain
OCTOBER 24, 2024
The acquisition by CSX and CPKC will create a new interchange in Alabama that will connect shippers in Mexico, Texas and the Southeast U.S.
Spend Matters
OCTOBER 24, 2024
Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , COVALYZE, Halo Ai , ivoflow and True ValueHub. To warrant such attention, these vendors must have a product that is ideally 2-to-5 years old, is used by more than five customers and displays an innovative applic
Procurement Bulletin
OCTOBER 20, 2024
How AI is Changing the Manufacturing Industry 93% of manufacturing business leaders are already using AI in some form in their business(!!!). Of course the biggest concern is how does AI affect human jobs? This report takes a closer look. AI is Powering Shift to Nuclear Speaking of AI, running all those AI chatbots requires a lot of power (a LOT).
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.
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