Sat.Dec 02, 2023 - Fri.Dec 08, 2023

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The Role of Procure-to-Pay Software in Today’s Business

ProcurePort

Efficiency and Accountability Boost: P2P is critical software that automates procurement, reducing mistakes and speeding up decision-making by removing manual inefficiencies. -Real-time visibility, data analytics, and integration with emerging technologies enhance efficiency, cost savings, and financial control, fostering transparency and accountability across procurement operations.

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Procurement Leaders: It's Time to Keep Shining

Supply Chain Brain

C-suite and senior executive leaders have grown to rely on procurement to weigh in on board-level topics — and now they’re craving more insight.

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Why You Should Hire Older Individuals to Work In Procurement

Una

Why You Should Hire Older Individuals to Work in Procurement Learn why it makes sense to hire older individuals to work in procurement and take advantage of their talent and experience. By Hugo Britt | December 5, 2023 Search Search In this article, we’ll cover why it makes sense to bring experienced, seasoned individuals into the world of procurement, regardless of the number of candles on their birthday cake.

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What Is Three-Way Matching & Why Is It Important?

ProcurePort

Three-Way Matching Overview – Three-way matching involves comparing purchase orders, invoices, and receiving reports to ensure accuracy in quantities, prices, and terms. – It is a critical financial control mechanism that detects errors, prevents fraud, fosters vendor relationships, ensures regulatory compliance, and contributes to cost control and budgeting.

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From Rigid To Resilient: Why Enterprises Need Shopify's Modular Commerce Now

Speaker: Benjamin Woll

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Shopify’s modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how Shopify’s composable approach helps modernize commerce stacks while maintaining control over critical systems.

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For Practitioners Only – How Have You Used Your Data To Improve Your Procurement Outcomes?

Procurement Insights

EDITOR’S NOTE: Here is an excerpt from my response to a LinkedIn post that was championing the importance of data. Data Management as easy as 1,2,3 Does anyone in this discussion stream believe that eating right, getting regular exercise, and at least 8 hours of sleep AREN’T good for you? I went through the list of the 100 people who reacted to this post, and while there are certainly practitioners, an equal number of providers are giving their thumbs up.

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Optimizing the Supply Chain for Improved Productivity During the Busiest Time of Year

All Things Supply Chain

The holiday season is here, and businesses are working to provide the best customer experience through optimizing their supply chains.

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How Apparel and Retail Companies Are Implementing Intelligent Returns

Supply Chain Brain

With the help of data analysis and intelligent systems, companies are able to more efficiently manage product returns, repairs, recycling and other processes

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Get your IT team battle-ready for the next holiday rush 

IBM Supply Chain Blog

Last year, almost 200 million people shopped on Black Friday. Online alone, they spent more than $9 billion. This holiday season, shoppers are ready to shop again and they’re prepared to spend even more. Are your IT systems ready to handle any spikes and keep everyone jolly? Or are you worried that incidents—finicky apps, slow page loads or even downtime— might ruin the holiday spirit along with your bottom line?

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HR Tech Entrepreneur Gergo Vari: AI’s Impact on Future Supply Chain Jobs

All Things Supply Chain

Artificial intelligence (AI) in the workforce has significantly changed several industries. One of the sectors facing a major transformation is supply chain management.

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Teamsters threaten UPS strike in Louisville after layoffs

Supply Chain Dive

The union's leader gave the delivery giant until Monday to rectify the situation impacting a subset of workers at a package sortation hub.

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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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Warehousing and Storage Most Stressful Industry in U.S., Report Finds

Supply Chain Brain

Ninety-three percent of the workers in the warehousing/storage industry reported they were paid hourly while an additional 12% said they had to take on another job.

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Maintaining Cybersecurity in a Growing Digital Supply Chain

SCMR (Supply Chain Management Review)

Complex digital supply chains spanning multiple countries and continents offer invaluable flexibility and cost efficiencies, but also growing cybersecurity risks.

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Analyst Eye on the AI tech race

Spend Matters

Artificial intelligence (AI) has (unsurprisingly) become a bit of a buzzword in the procurement industry, causing Spend Matters to devote an entire page to the question of AI in procurement. The buzz over the general applications of generative AI (GenAI), however, threaten to obscure the other radical (albeit niche) changes that our analyst team has deemed worthy of highlighting among this year’s Future 5.

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Best Buy to offer deliveries via DoorDash

Supply Chain Dive

The partnership marks the first national consumer electronics retailer available on the DoorDash marketplace.

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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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Is Artificial Intelligence a Solution for Modern Slavery?

Supply Chain Brain

How humans can partner with AI to tackle the pressing societal issue of slavery, for a more resilient and sustainable global supply chain.

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Maximizing Return on Innovation Investment: 6 Ingredients for Success

SCMR (Supply Chain Management Review)

Learning these six ingredients for delivering innovation from invention serve as a compass for organizations navigating this dynamic market and striving to maximize return on innovation investment.

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SpendQube: Vendor Analysis — Spend Analytics solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis we provide an overview of SpendQube and its solution for spend analytics. In today’s rapidly evolving business landscape, every organization strives to make informed choices, optimize resources and drive profitability. Usable data is vital to this decision making. For procurement practitioners, spend analytics tools are indispensable assets.

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Amazon targets low inventory, inbound transportation costs with new seller fees

Supply Chain Dive

The company said the added fulfillment charges will average $0.15 per unit sold once they take effect next year.

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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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Transforming Supply Chains for the World’s Largest Retailers

Supply Chain Brain

Retailers that embark on supply chain transformation are well-positioned to confront challenges and stay competitive in a rapidly changing marketplace.

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AI Used in EV Battery Tech Research

Procurement Bulletin

AI Used in EV Battery Tech Research Last week, we wrote about Swedish battery startup, Northvolt, that has reportedly developed an EV battery made of sodium-ion that doesn’t involve in-demand and expensive materials that current batteries require (e.g. lithium-ion batteries). Further to this, the startup is using AI to help in their research and development of new battery technology.

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Omnea: Vendor Analysis — Intake management solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we provide an overview of Omnea and its intake management solution. Omnea is a fairly new vendor in the intake space, looking to solve complex and inefficient procurement processes through procurement automation and centralized intake. The vendor takes a comprehensive approach, focusing on the spend control narrative and offering a unified solution that takes a variety of pain points in procurement and supplier management, most notably helping its customers

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Wish launches small parcel delivery service

Supply Chain Dive

WishPost Smart Parcel will allow shippers who don't sell on the e-commerce platform to use its logistics capabilities.

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The Evolving Retailers 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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Eight Keys to Vetting Suppliers for Success

Supply Chain Brain

Many smaller manufacturers aren’t equipped with the resources necessary to hire supply chain specialists that solely focus on vetting suppliers.

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Will the world fiddle while Bangladesh burns?

Art of Procurement

On November 7th, a minimum wage increase was announced for ready-made garment factory workers in Bangladesh. The increase took workers. The post Will the world fiddle while Bangladesh burns? appeared first on Art of Procurement.

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Reskilling your workforce in the time of AI

IBM Supply Chain Blog

As the adoption of AI and other technologies continues to expand, it will transform how we perform work with the potential to disrupt 83 million jobs globally and create 69 million new roles by 2025, according to the World Economic Forum. Like other groundbreaking technologies before it, the evolution of AI will create opportunities for new industries, new jobs and new approaches to existing ones.

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Why Hormel is investing $200M in its supply chain

Supply Chain Dive

The three-year strategy to modernize operations includes a plan to overhaul the CPG's Barron, Wisconsin, plant to better support brands.

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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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Can the Blue-Collar Sector Fix Its Gen Z Problem?

Supply Chain Brain

Only 14% of Gen Zers would consider industrial work as a career, and 26% said they would only take on industrial work as a short-term career.

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Safer Transportation: Linking Personality Traits to Distracted Driving

SCMR (Supply Chain Management Review)

Research has found some correlation between personality traits and distracted driving behaviors. But there is question on whether businesses can use that information to improve employee safety.

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Data center consolidation: Strategy and best practices

IBM Supply Chain Blog

The modern pace of data creation is staggering. The average organization produces data constantly—perhaps even continuously—and soon it’s investing in servers to provide ample storage for that information. In time, and probably sooner than expected, the organization accrues more data and outgrows that server, so it invests in multiple servers.

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CN to buy Iowa Northern Railway as US biofuels market booms

Supply Chain Dive

The railroad is handling increased grain volumes as more shippers choose to send their products to Midwest processing facilities.

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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.