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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Trending Sources

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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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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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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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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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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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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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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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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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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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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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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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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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The Role of Supplier Auditors: Ensuring Quality and Compliance

Procurement Freelancers

The role of supplier auditors is to ensure quality and compliance. By scrutinizing suppliers’ processes,… The post The Role of Supplier Auditors: Ensuring Quality and Compliance first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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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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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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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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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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As EV production ramps up, semiconductor supply chain concerns grow

SCMR (Supply Chain Management Review)

As more automakers ramp up electric vehicle production, the chips needed to operate them are growing in demand. But that is putting new pressures on the supply chains needed to produce these specialized chips.

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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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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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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Blue Burro Technology (DraftOnce solution): Vendor Analysis — Procurement document drafting solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of DraftOnce, a contract drafting solution by Blue Burro Technology. Unlike traditional contract lifecycle management (CLM) solutions, DraftOnce does not focus on the full contract lifecycle. Its sole purpose is document preparation (specifically procurement contracts). As it is not a full CLM solution, DraftOnce can complement existing CLM systems or, depending on an organization’s needs, replace them outright.

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How P&G stays on top of its game

SCMR (Supply Chain Management Review)

P&G has transformed its supply chain in the past 10 years, and it continues to be among the world’s most successful supply chains. Fares Sayegh has been there through it all and explains how it happened.

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Teamsters Union Threatening Strike Against Yellow Corp.

Supply Chain Brain

The union said that a board overseeing the Teamsters' pension and welfare funds will suspend benefits starting July 23 unless Yellow Corp. makes the payments it missed July 15.

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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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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.

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Analyst Eye on travel and expense management tool innovation since the coronavirus pandemic

Spend Matters

Every week, Spend Matters analysts turn their eye toward the procurement tech trends they observe in the marketplace. This week, Meena Ibrahim discusses her specialist area of expense management and how it has evolved for the post-pandemic world. According to an industry poll by Global Business Travel Association , business travel has jumped back to 63% of pre-pandemic travel levels and is expected to continue to grow.

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The Fashion Supply Chain, by Design

SCMR (Supply Chain Management Review)

Listen as Rosemary Coates and Danielle Malconian, owner of Vikki Vi Apparel and CEO of Plus By Design, discuss the world of apparel and fashion. Rosemary Coates, executive director of the Reshoring Institute, hosts this episode of The Frictionless Supply Chain.

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United, Pilots Agree in Principle to New Labor Deal

Supply Chain Brain

The deal will help ease pressure on United, which has come under criticism after a series of delays and cancellations to flights, even as it experiences soaring demand.

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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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The Evolution of Control Towers to Command Centers

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.