Sat.Oct 19, 2024 - Fri.Oct 25, 2024

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4 Challenges in Supply Chain Digitization and Solutions

All Things Supply Chain

In an era where technological advancements are necessary for staying competitive, the digitization of supply chains represents a pivotal shift in operational excellence.

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2024 U.S. Presidential Election Special Series

Art of Procurement

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.

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The revenue generation

Procurement Leaders

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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Amazon to end same-day delivery service from retailers’ local stores

Supply Chain Dive

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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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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Can U.S. Ports Find Middle Ground on Automation Before Second Strike?

Supply Chain Brain

As negotiations between the ILA and USMX continue, the issue of automation at ports remains a point of contention.

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Procurement 6 – October 25th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – October 25th, 2024 appeared first on Art of Procurement.

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McDonald’s sues Tyson, JBS and other beef producers for allegedly fixing prices

Supply Chain Dive

The fast food giant, which is the world's largest buyer of beef, alleges major meat companies conducted illegal acts to drive down supplies.

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UN Report: Future-Proofing Supply Chains a 'Strategic Necessity'

Supply Chain Brain

The UNCTAD's report released on October 22 found that container trade measured in tons of cargo grew by just 0.3% in 2023.

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The value (ROI) of risk management

Spend Matters

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.

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A Detailed Comparison of edX Supply Chain Courses vs. SCMDOJO Academy

SCMDOJO

As businesses become increasingly global, professionals in the supply chain field must keep up with new technologies, trends, and best practices. With numerous platforms offering online courses, including edX supply chain courses and SCMDOJO academy , it can be challenging to choose the one that best fits your needs, especially when it comes to specialized fields like supply chain management.

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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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Air freight demand largely unfazed by ILA port strike

Supply Chain Dive

Shippers took early action to avoid strike-related backlogs. Experts urge similar strategies ahead of another potential stoppage in January.

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USPS Proposes End to Dual Shipping Label Policy

Supply Chain Brain

Private shippers will typically use dual labels to identify both the USPS and a private mail carrier as possible delivery agents for a parcel.

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Spend Matters Future 5 2024 – Introducing COVALYZE

Spend Matters

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them. For the Future 5, Spend Matters analysts scour the market to find new specialist solution providers that can answer a burning need of procurement practitioners today.

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Best Strategic Purchasing Approaches for 2024

Procurement Freelancers

Everyone Is Feeling the Pinch Costs are going up, and things feel risky. You might… The post Best Strategic Purchasing Approaches for 2024 first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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UPS, FedEx shipping discounts counter growing surcharges

Supply Chain Dive

Per-package ground parcel rates reached their lowest level since 2021, according to the TD Cowen/AFS Freight Index.

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How to Deploy Multi-Tier Supply Chain Intelligence for Resilience

Supply Chain Brain

Multi-tier supply chain intelligence has the potential to strongly enhance the resilience of the supply chain, making it an invaluable asset to organizations.

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Spendscape by McKinsey: Vendor Analysis (Part 1) — Spend and CO2 analytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

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.

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The last 30 seconds of Kris Timmermans’ DPW presentation is shocking – but not in a good way

Procurement Insights

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.

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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?

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Unwrapping Hershey’s $250M supply chain upgrade

Supply Chain Dive

The chocolate maker's Advancing Agility and Automation Initiative leans on digitization to boost visibility and optimize manufacturing and procurement.

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How Additive Manufacturing Is Reshaping U.S. Industries and Supply Chains

Supply Chain Brain

In recent years, reshoring has evolved from a strategic consideration to a central priority for both policymakers and businesses. A key element of the reshoring push is additive manufacturing.

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Zoom in on Geopolitical Risk

Spend Matters

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).

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What Is Procurement?

Procurement Insights

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.

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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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CPKC, CSX receive approval to create Mexico-Southeast U.S. link

Supply Chain Dive

The railroads are creating the interchange to compete for intermodal service between the two countries.

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Busiest U.S. Trade Hub Beat Pandemic Cargo Record in Q3

Supply Chain Brain

The LA and Long Beach ports, which together account for roughly a third of all U.S. container imports, each had their busiest ever peak season.

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Amazon Business Reshape 2024

Spend Matters

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.

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Procurement Strategy And The Human Element

Procurement Insights

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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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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Top UPS shippers temper holiday volume forecasts

Supply Chain Dive

A condensed peak season is expected to increase in-store shopping activity, which could blunt home delivery demand.

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Oregon Looks to Build West Coast's First Ship-to-Rail Port Terminal

Supply Chain Brain

Roughly two million import and export containers are expected to move through the Port of Coos Bay each year once the new terminal is up and running.

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Spendscape by McKinsey: Vendor Analysis (Part 2) —  Spend and CO2 analytics product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary

Spend Matters

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.

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Essential Guide to Supplier Collaboration

Jaggaer

Essential Guide to Supplier Collaboration Supplier collaboration is redefining success across industries. It’s no longer just about maintaining good relationships; it’s about turning those connections into engines of innovation, efficiency, and sustainability. Strong supplier partnerships drive new product development, unlock cost efficiencies, and ensure supply chains are adaptable to changing market conditions.

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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.