ProcurePort
NOVEMBER 2, 2023
Procurement Sourcing Overview: Procurement sourcing is finding and choosing suppliers to get things an organization needs. It involves identifying, evaluating, negotiating, selecting, managing contracts, and maintaining supplier relationships. Importance and Strategies: Good procurement sourcing saves money, ensures quality, reduces risk, and allows for innovation.
Procurement Insights
OCTOBER 29, 2023
Direct and indirect procurement have never looked more different. And I expect a decoupling of the two areas in 2024. I see a decoupling of direct and indirect on the horizon based on the evidence at hand — at least in the near term. – Jason Busch, LinkedIn Post (October 27th, 2023) My thoughts on the above. Great post, as usual, Jason Busch !
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Spend Matters
OCTOBER 30, 2023
Tomorrow October 31, 11:00 a.m. EST, the Spend Matters analyst team will host a webinar ‘ Shaping the Future of Procurement : An Inside Look at the 10th Annual Spend Matters 50/50 Lists.’ Compiling these lists has been tricky, but now the team can treat all attendees with a glimpse of how the future of procurement is shaping up. A major focus will be on the methodology behind how the analysts determine which companies are worth watching and knowing.
Spend Matters
NOVEMBER 1, 2023
This Spend Matters Vendor Analysis provides an overview of CobbleStone Software and its sourcing, contract lifecycle management (CLM) and e-procurement solution. CobbleStone is best known for its end-to-end CLM for legal, procurement, sales and risk teams. Its AI system, VIDSOM®, is present throughout its modules. CobbleStone is a no-code solution that over 1,000 companies have chosen in its 25+ years.
Advertiser: GEP
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.
All Things Supply Chain
OCTOBER 30, 2023
The global supply chain is facing a labor shortage that has slowed down manufacturing and shipping times. As a result, prices continue to rise and economic stagnation has gotten worse.
Art of Procurement
NOVEMBER 2, 2023
“Coke is everywhere. In fact, when I travel to the developing world, Coke feels ubiquitous. […] If we can understand. The post Coca-Cola’s Project Last Mile appeared first on Art of Procurement.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Procurement Templates
OCTOBER 28, 2023
3 Quotes Procurement Process: Smart Strategies for Success In today’s fiercely competitive business landscape, refining every step is essential for a company to maintain its competitive edge. In procurement, acquiring goods and services at the right price is fundamental. This is where the Three Quote Procurement Process comes in. This article will break it down for you, explaining what it is and the best ways to make it work for you.
Supply Chain Dive
OCTOBER 31, 2023
The pricing environment has shifted in favor of shippers with demand cooling off, according to the TD Cowen/AFS Freight Index.
Supply Chain Brain
OCTOBER 29, 2023
With near-term consumer demand uncertain, and high interest rates likely to continue for some time, corporate belts are tightening. So what are companies spending money on today?
ProcurePort
OCTOBER 30, 2023
Competitive advantage is what sets your business apart from competitors and can take various forms, including cost leadership, differentiation, focus, innovation, and service excellence. Effective procurement practices play a vital role in gaining a competitive advantage by reducing costs, sourcing unique materials, focusing on niche markets, driving innovation, and building strong supplier relationships.
Advertiser: ZoomInfo
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.
Positive Purchasing
NOVEMBER 1, 2023
Written by Jonathan O’Brien , leading procurement expert and CEO of Positive Purchasing Ltd. Jonathan and his team work with global blue-chip organizations to help transform their procurement capability. With Chat GPT almost becoming mainstream now, tech development is moving so fast it could give you a nosebleed. Not to be outdone, here at Positive Purchasing, we have released Capella, a new world-leading digital tool to guide users to the optimum category strategy – so I thought it would
Supply Chain Dive
NOVEMBER 3, 2023
The logistics giant’s “deep learning models” incorporate weather and traffic conditions for more accurate projections, CEO Raj Subramaniam said at a CNBC event.
Supply Chain Brain
NOVEMBER 2, 2023
When consumers are informed about the carbon cost of shipping and the environmental impact of their choices, they are empowered to make decisions that align with their values.
SCMR (Supply Chain Management Review)
NOVEMBER 3, 2023
Meeting the demands of a modern supply chain requires the integration of physical and digital strategies to enhance efficiency, cost flexibility, and sustainability, in other words, a phygital approach.
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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.
IBM Supply Chain Blog
NOVEMBER 2, 2023
When it comes to modern IT infrastructure, the role of Kubernetes —the open-source container orchestration platform that automates the deployment, management and scaling of containerized software applications (apps) and services—can’t be underestimated. According to a Cloud Native Computing Foundation (CNCF) report (link resides outside ibm.com), Kubernetes is the second largest open-source project in the world after Linux and the primary container orchestration tool for 71% of
Supply Chain Dive
NOVEMBER 2, 2023
A new action guide by the National League of Cities points to emerging policies and technologies to combat increasing air pollution, greenhouse gas emissions and traffic congestion.
Supply Chain Brain
OCTOBER 30, 2023
The program has been so successful, the company intends to expand it, adding more participants over the next 12 months.
SCMR (Supply Chain Management Review)
NOVEMBER 3, 2023
Accenture has made two acquisition announcements this week, announcing the intention to acquire procurement firm The Shelby Group and reverse logistics specialists OnProcess Technology.
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?
Spend Matters
NOVEMBER 2, 2023
Spend Matters is delighted to announce the 2023 roster for our ‘Future 5’ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative appl
Supply Chain Dive
NOVEMBER 3, 2023
Looking ahead, the company expects further headwinds as market conditions worsen, CEO Vincent Clerc said in an earnings call.
Supply Chain Brain
OCTOBER 30, 2023
The role of plastic in logistics cannot be boiled down to "friend or foe." Instead, plastic should be seen as a dynamic material that requires continuous evaluation and improvement.
SCMR (Supply Chain Management Review)
OCTOBER 31, 2023
Companies are facing the desire to increase inventory risk management strategies while balancing cash flow needs according to a new McKinsey survey.
Advertiser: GEP
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
Spend Matters
OCTOBER 30, 2023
This addendum to the Spend Matters Vendor Analysis for Brooklyn Solutions (the new name of Brooklyn Vendor Assurance that we covered in 2021) focuses on the main changes at company and product levels. The supplier management solution (SxM) also offers considerable contract management depth due to its historical and unchanged focus on post-contract activities.
Supply Chain Dive
NOVEMBER 2, 2023
The incident is impacting elements of the aerospace and defense company's parts and distribution business, said a Boeing spokesperson.
Supply Chain Brain
NOVEMBER 2, 2023
To navigate the year ahead, firms should act now to build policies, implement processes, and partner with third-party experts to create sustainable supply chain logistics and improved data processes.
SCMR (Supply Chain Management Review)
NOVEMBER 2, 2023
An overreliance on mini-bids to keep freight costs down has become detrimental to the shipper/carrier relationship and fails to produce the expected cost savings.
Advertiser: ZoomInfo
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.
Spend Matters
NOVEMBER 2, 2023
The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. In an ever-crowded space it’s hard for those who rely on these platforms and systems to keep ahead of the latest developments. For that reason, Spend Matters analysts make it their mission to scour the market to find those new solution providers that can fulfil a very specialist role to fulfill the procurement needs of toda
Supply Chain Dive
OCTOBER 31, 2023
The 1.5 million square-foot facility in Lancaster, Texas will enable faster delivery as the retailer prepares for the holiday season.
Supply Chain Brain
OCTOBER 31, 2023
This report delves into the crucial relationship between last mile delivery solutions and preparedness for potential supply chain disruptions, notably major carrier strikes.
SCMR (Supply Chain Management Review)
NOVEMBER 1, 2023
As regulations around reporting Scope 3 supply chain emissions ramp up, questions on whether it is possible to accurately measure them, and whether it will even change behavior, have emerged.
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