Sat.Jul 15, 2023 - Fri.Jul 21, 2023

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Choosing a Contract Management Tool

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Choosing a Contract Management Tool Choosing a contract management tool is crucial for your business as you need to select what suits your company the best. However, what are the factors that you need to consider when choosing one?

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Five Ways That Analytics Help Insulate Against Volatility

Supply Chain Brain

Leveraging analytics software with supply chain data helps shippers predict freight market trends, lower operating costs, negotiate rates more effectively and respond to disruption quickly.

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Latest research: High-velocity procurement

Procurement Leaders

In partnership with Tradeshift: Making the right move before anyone else can deliver significant business benefits.

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Procurement Costs Increase, But Top Performers See Increased Advantage

SCMR (Supply Chain Management Review)

New research from The Hackett Group found that top-performing procurement organizations spend 21% less on operations than their peers.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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Inflation is Inflicting Pain on Supply Chains. Here’s How to Ease It.

Supply Chain Brain

As inflation lingers, the tough times for the freight industry are likely to continue. But shippers and carriers have the power to combat rising costs.

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Supply Chain Weekly Wrap-Up 07/14/2023-07/20/2023

All Things Supply Chain

Mercedes-Benz incorporates ChatGPT in Supply Chain Mercedes-Benz plans to integrate OpenAI’s ChatGPT technology into its manufacturing processes and vehicles.

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CPO SPOTLIGHT: STEPHEN DAY

Procurement Heads

For our latest CPO Spotlight, Stephen spoke with Sagar Bhardwaj , Head of Practice – Consumer, about what has changed for him professionally since he last spoke with Procurement Heads. How much has changed for you professionally since your last Head2Head with us? Our organisation is up and running, we have Category Managers, and we have regional teams.

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Wheat Prices Continue to Rise Following Russia's Threats on Ukraine-Bound Ships

Supply Chain Brain

Wheat prices grew by 8.2% on the European stock exchange from July 18 to July 19 while U.S. wheat futures rose by 8.5%.

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OnTrac expands into major Texas markets

Supply Chain Dive

The parcel carrier's growing delivery network can now reach 80% of the U.S. population.

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US Stone Supplier – Industry and Applications, Benefits, Types, Pricing, and Reviews

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter US Stone Supplier — Industry and Applications, Benefits, Types, Pricing, and Reviews US Stone Industry and Applications The US stone industry is a major economic driver generating billions of dollars in revenue each year and employing hundreds of thousands of people.

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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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Importance of Contract Management in Achieving Value for Money in the Procurement System

SCMDOJO

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues. In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices.

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Contract Negotiations Set to Resume Between UPS and Teamsters Next Week

Supply Chain Brain

UPS said that it is pleased to be continuing contract negotiations and that it's prepared to meet some of the union’s demands for better pay and more benefits.

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UPS, Teamsters to resume contract negotiations next week

Supply Chain Dive

A return to the bargaining table is welcome news for shippers, as the union says it will strike Aug. 1 if a tentative deal isn't reached.

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Should You Form an LLC for Online Dropshipping Business? – All you Need to Know

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Junior Procurement Management Kickstart your career and become a procurement expert Access To All Unlimited access to all courses & templates Platform F

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

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.

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Every Body’s Talking: Learning to Interpret Body Language

Positive Purchasing

The Fact Is We All Negotiate Whether it’s with our partner, our parents, children, friends, suppliers, customers or even our colleagues, when we want somebody to do something, we may well need to persuade them. And this is very much what negotiation is – persuading somebody else to either see something our way, or to do something that we want.

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Maersk Breaks Ground on Atlanta-Based Air Cargo Hub

Supply Chain Brain

The new location offers direct planeside recovery, immediate unit load device (ULD) transfers to the facility and reduced processing fees.

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Canada West Coast port longshore workers resume strike

Supply Chain Dive

Maritime employers had already ratified a deal when an ILWU Canada division rejected it, leading longshore workers to again walk off the job on Tuesday.

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Warehouse Management — Everything About Supply Chain

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Junior Procurement Management Kickstart your career and become a procurement expert Access To All Unlimited access to all courses & templates Platform F

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Freight Procurement Simplified: Bids from Hours to Minutes

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

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SupplyChainBrain: Will AI Drive the Next Wave of Supply Disruptions?

Arkestro

All Case Studies Whitepapers Webinars Videos Press Blog Featured News Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency read more Koch Engineered Solutions Achieves Procurement and Supply Chain Success with Arkestro read more In The News SupplyChainBrain: Will AI Drive the Next Wave of Supply Disruptions?

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TSMC Postpones Starting Production at Its Arizona Factory

Supply Chain Brain

The organization said that it will not be able to begin manufacturing chips in 2024, as originally planned, due to a skilled worker shortage.

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Are supply chains ready for nearshoring?

Supply Chain Dive

As companies consider realistic options for diversifying their supply chains, one Supply Chain Dive panelist asked if partners are ready to respond to new changes.

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Supplier Order Management Software – Everything You Should Know

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Junior Procurement Management Kickstart your career and become a procurement expert Access To All Unlimited access to all courses & templates Platform F

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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.

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Zarrin Lilani on How Women Lead in Supply Chain

Let's Talk Supply Chain

Zarrin Lilani on How Women Lead in Supply Chain At Let’s Talk Supply Chain, we’re passionate about closing the gender gap to expand innovation through diversity. Making this hard dichotomy shift isn’t just about good business ethics either. It’s a business investment in an industry that’s anything but predictable. Research shows that women in supply chain empower more curiosity and agility—empowering breakthrough business outcomes at organizations across the globe—these are the women whose stori

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Tesla Looking to Make Its German Plant Europe’s Biggest Car Factory

Supply Chain Brain

If Germany approves the expansion plans, Tesla’s gigafactory will be able to increase its battery storage capacity to 100 gigawatt hours per year from 50 gigawatt hours currently.

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General Mills adds warehouse automation to streamline supply chain

Supply Chain Dive

The company implemented warehouse automation in four locations and has "other projects in the works,” a spokesperson said.

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NVIDIA Wants Another Part of the Chip Pie

Procurement Bulletin

Renewable Energy Will Generate a Third of World’s Electricity by 2030 As the OG companies of O&G (oil & gas) clamber to get into renewable energy, a new report by non-profit Rocky Mountain Institute (RMI) finds that one third of the world’s electricity will be powered by wind and solar by 2030 (that’s very soon for the math challenged).

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

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.

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Productiv: Vendor Analysis — SaaS buying and management solution overview, roadmap, competitors, tech selection tips, analyst insights

Spend Matters

This Spend Matters Insider vendor analysis provides an overview of Productiv and its SaaS procurement and management solution. Managing applications and procuring SaaS manually can cause critical pain points, such as siloed systems and poor alignment across stakeholders. Procurement, Finance and IT teams often lack a single source of truth, relying instead on spreadsheets, documents and contracts scattered across various platforms.

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How the U.S. and EU Hope to Loosen Asia’s Grip on the Global Semiconductor Market

Supply Chain Brain

The U.S. and Europe will need to stimulate more innovation and reward manufacturers if they hope to loosen Asia's grip on the global semiconductor market.

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How Canada’s West Coast port labor negotiations unfolded: a timeline

Supply Chain Dive

Months of talks led to a nearly two-week strike and cargo standstill, but concluded after a settlement was proposed by government mediators.

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351: Transform Your Freight Forwarding Business, with GoFreight

Let's Talk Supply Chain

Today I’m joined by GoFreight , an all-in-one software provider that is on a mission to build a global company that is customer-obsessed, values innovation in technology, and solves problems with deep empathy and brilliant simplicity. GoFreight is a customer-first SaaS company that is revolutionizing the logistics and supply chain industry. Passionate about providing best-in-class solutions and customer service, GoFreight consolidates the complexities of running a freight forwarding business fro

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

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.