ProcurePort
DECEMBER 7, 2023
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.
Supply Chain Brain
DECEMBER 6, 2023
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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Una
DECEMBER 5, 2023
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.
ProcurePort
DECEMBER 7, 2023
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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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.
Procurement Insights
DECEMBER 7, 2023
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.
All Things Supply Chain
DECEMBER 6, 2023
Artificial intelligence (AI) in the workforce has significantly changed several industries. One of the sectors facing a major transformation is supply chain management.
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
DECEMBER 7, 2023
The beverage giant is focused on efficiency in its operations and working with communities, Pepsi’s senior director overseeing water strategy told Supply Chain Dive.
IBM Supply Chain Blog
DECEMBER 8, 2023
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?
All Things Supply Chain
DECEMBER 4, 2023
The holiday season is here, and businesses are working to provide the best customer experience through optimizing their supply chains.
SCMR (Supply Chain Management Review)
DECEMBER 7, 2023
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.
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
DECEMBER 8, 2023
The union's leader gave the delivery giant until Monday to rectify the situation impacting a subset of workers at a package sortation hub.
Supply Chain Brain
DECEMBER 4, 2023
With the help of data analysis and intelligent systems, companies are able to more efficiently manage product returns, repairs, recycling and other processes
Procurement Bulletin
DECEMBER 3, 2023
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.
SCMR (Supply Chain Management Review)
DECEMBER 5, 2023
Complex digital supply chains spanning multiple countries and continents offer invaluable flexibility and cost efficiencies, but also growing cybersecurity risks.
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
DECEMBER 4, 2023
An Illinois federal jury found Cal-Maine and other egg giants liable for limiting the supply of the protein in 2004-2008 in an effort to drive up costs. Damages are set to be awarded to companies such as Nestlé, Kraft and Kellogg.
Supply Chain Brain
DECEMBER 6, 2023
Retailers that embark on supply chain transformation are well-positioned to confront challenges and stay competitive in a rapidly changing marketplace.
Art of Procurement
DECEMBER 7, 2023
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.
IBM Supply Chain Blog
DECEMBER 6, 2023
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.
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
DECEMBER 8, 2023
The three-year strategy to modernize operations includes a plan to overhaul the CPG's Barron, Wisconsin, plant to better support brands.
Supply Chain Brain
DECEMBER 6, 2023
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.
Spend Matters
DECEMBER 5, 2023
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.
IBM Supply Chain Blog
DECEMBER 7, 2023
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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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.
Supply Chain Dive
DECEMBER 5, 2023
The St. Louis and Minneapolis facilities are building on the Walmart-owned retailer’s plan to advance its end-to-end supply chain capabilities.
Supply Chain Brain
DECEMBER 5, 2023
Marli Hall, director of communications and member services with the National Motor Freight Traffic Association, explains how the cybersecurity threat to trucking can be addressed before an incident occurs.
Spend Matters
DECEMBER 6, 2023
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.
SCMR (Supply Chain Management Review)
DECEMBER 8, 2023
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.
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.
Supply Chain Dive
DECEMBER 7, 2023
The partnership marks the first national consumer electronics retailer available on the DoorDash marketplace.
Supply Chain Brain
DECEMBER 5, 2023
An “unprecedented” collaboration between global shipping lines will focus on regulatory measures needed to create the right investment conditions for shipping’s green transition.
IBM Supply Chain Blog
DECEMBER 4, 2023
The Digital Operational Resilience Act (DORA) is a landmark piece of legislation in the European Union (EU) that is designed to help fortify the operational resilience of the financial sector, making it fit for purpose in the digital age. DORA has several objectives, including to comprehensively address information and communications technology (ICT) risk management in the financial services sector and harmonize the ICT risk management regulations that already exist in individual EU member state
SCMR (Supply Chain Management Review)
DECEMBER 4, 2023
Healthcare supply chains have undergone rapid change as evidenced by some of the top-level findings from Gartner’s upcoming Healthcare Supply Chain Top 25 rankings.
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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.
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