ProcurePort
OCTOBER 2, 2023
In today’s rapidly evolving business landscape, procurement professionals are constantly seeking ways to enhance efficiency, reduce costs, and make data-driven decisions. Technology has greatly improved spend analysis in recent years, with Artificial Intelligence leading the way. This article discusses the advantages of using AI for spend analysis in procurement.
Procurement Software
OCTOBER 3, 2023
The topic of supplier consolidation is a popular one, especially across indirect procurement spend. If we take the 80/20 rule, then 80% of the supply base usually accounts for just 20% of an organisation’s total spend. Furthermore, the vast majority of P2P issues and day-to-day firefighting usually comes from this long tail of non-core, non-strategic suppliers.
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Una
OCTOBER 3, 2023
Why Procurement Should Care About UX Insight into why procurement should care about UX and how sourcing can improve the user experience to build its brand and drive value. By Hugo Britt | October 3, 2023 Search Search User Experience (UX) is all about what the user of a product – such as a webpage – experiences when interacting with that product. Companies spend millions designing and constantly refining their online UX because it’s so high-impact.
Spend Matters
OCTOBER 4, 2023
Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.
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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
OCTOBER 2, 2023
EDITOR’S NOTE: Thanks to James Meads , whose post on LinkedIn inspired my comments below. You have probably seen this from me before, but it is worth a revisit here. In 1998, I developed one of the industry’s first algorithm-driven web-based RA solutions with the generous support of the government’s Scientific Research & Experimental Development Program (SR&ED) for the DND.
Supply Chain Dive
OCTOBER 2, 2023
The improvements target challenging facility processes like unloading trailers, sorting small packages and moving irregularly sized shipments.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Procurement Freelancers
OCTOBER 5, 2023
In the intricate business world, procurement is crucial to ensuring that a company runs smoothly… The post A Guide to the Key Responsibilities of a Procurement Agent first appeared on Procurement Blog | Procurement & Supply Chain News.
SCMDOJO
OCTOBER 4, 2023
Industrial settings are at high risk of fire through machinery, flammable substances, dust and debris from production processes , electrical hazards, or hot conditions caused by welding, soldering and brazing operations. The need to put in place adequate protection measures is essential, and measures such as fire shutter doors should be considered to reduce the risk of fire spreading and causing more damage.
Supply Chain Dive
OCTOBER 3, 2023
As climate milestones approach, there is still much work to be done in measuring and reducing footprints. Procurement and supply chain teams will play a key role.
Supply Chain Brain
OCTOBER 3, 2023
With the omnichannel becoming the standard for fulfillment, decisions on allocation and replenishment become far more complicated than just meeting demand at the store level.
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.
Procurement Freelancers
OCTOBER 6, 2023
In modern business, every organization aims to minimize costs and operations. Sourcing agents are typically… The post Understanding the Costs Associated with Sourcing Agents first appeared on Procurement Blog | Procurement & Supply Chain News.
IBM Supply Chain Blog
OCTOBER 4, 2023
At IBM, we believe we can make greater progress together. Our purpose is to be the catalyst that makes the world work better—and our partners are key to this mission. Together with our partners and clients, we work to solve the most complex challenges with AI and hybrid cloud. Last year, we launched our “ Common Grounds ” video series to showcase the value of partnership and how we’re better together.
Supply Chain Dive
OCTOBER 2, 2023
Companies are shifting from layoffs to attrition and hiring freezes to manage headcount, as companies note greater optimism for future growth in the industry.
Supply Chain Brain
OCTOBER 4, 2023
Supply chain leaders are trying to understand the best way to integrate artificial intelligence and large language models into their existing set of tools.
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
Procurement Freelancers
OCTOBER 2, 2023
Procurement contract management is a critical part of the sourcing process. It entails supervising the… The post The Top Skills Every Freelance Procurement Contract Manager Should Have first appeared on Procurement Blog | Procurement & Supply Chain News.
Art of Procurement
OCTOBER 5, 2023
“If all printers were determined not to print anything till they were sure it would offend nobody, there would be. The post Books As a Proxy for Free Thought appeared first on Art of Procurement.
Spend Matters
OCTOBER 2, 2023
This third part of our three-part Spend Matters Vendor Analysis 2023 update focuses on a deeper overview of each part of SAP Ariba’s offering for P2P, with a detailed look at each of its modules. We also cap off the series with an analyst summary. The first provides a history and overview of SAP Ariba’s P2P solution and a company-level SWOT analysis and profiles of competitors.
Supply Chain Brain
OCTOBER 5, 2023
Contrary to popular belief, automation doesn't spell an end to the presence of humans in manufacturing and distribution environments, according to Mark Juelich, president of Industrial Procurement Services.
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
OCTOBER 5, 2023
The complaint says sellers are cornered into using Fulfillment by Amazon, squeezing out alternative providers. Here’s how.
SCMR (Supply Chain Management Review)
OCTOBER 6, 2023
The struggle to sell the C-suite on S&OP priorities can be a challenge, but Carol Cunningham has found success in doing just that and shared her secrets at the recent ASCM Connect 2023 conference.
Spend Matters
OCTOBER 3, 2023
In part 1 , Ian Nethercot, head of supply chain at IT marketplace and advisory service Probrand talked to us about what challenges his customers are facing in the world of IT buying. He cites a greater need for visibility around supply availability, price and supplier honesty. In part 2 he goes further and addresses how that barrier can be lifted by a digital enabler.
Supply Chain Brain
OCTOBER 4, 2023
John Donigian, senior director of product strategy with Moody’s Analytics, discusses the importance of promoting visibility, collaboration and data exchange across the extended supply chain.
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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
OCTOBER 5, 2023
The healthcare institution is leveraging data to improve forecasting, in addition to streamlining its reporting and purchasing operations to consolidate its supply chain operations.
IBM Supply Chain Blog
OCTOBER 3, 2023
If you play fantasy football, you are no stranger to data-driven decision-making. Every week during football season, an estimated 60 million Americans pore over player statistics, point projections and trade proposals, looking for those elusive insights to guide their roster decisions and lead them to victory. But numbers only tell half the story. For the past seven years, ESPN has worked closely with IBM to help tell the whole tale.
Spend Matters
OCTOBER 2, 2023
This second part of our three-part Spend Matters Vendor Analysis 2023 update focuses on the strengths and weaknesses of SAP Ariba’s P2P solution. This content is for members only. Visit the site and log in/register to read. The post SAP Ariba: Vendor Analysis, 2023 Update (Part 2) — P2P solution strengths and weaknesses, tech selection tips appeared first on Spend Matters.
Supply Chain Brain
OCTOBER 5, 2023
As the need for better and more efficient ways to dispose of waste grows, so does the expense and resources needed to deal with it. Recycling alone is insufficient to manage packaging waste effectively.
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
OCTOBER 5, 2023
Organizations must define the role of automation in their planning process to support more agile decision-making.
IBM Supply Chain Blog
OCTOBER 3, 2023
IT is under enormous pressure. The expectation is 24/7/365 performance while also delivering increasingly better customer experiences at the lowest possible cost. The reality is that it’s difficult to keep apps performing as designed, especially in modern, cloud-native environments with microservices and Kubernetes. Cloud costs are out of control, and teams spend too much time fixing instead of innovating.
Spend Matters
OCTOBER 2, 2023
This first part of a three-part Vendor Analysis of SAP Ariba’s P2P offering provides a company background, a high-level overview of the P2P solution, a SWOT analysis and a list of the solution’s competitors. The second part focuses on the solutions strengths and weaknesses and offers selection tips. The third concludes the series with an in-depth look at the P2P solution and an analyst summary.
Supply Chain Brain
OCTOBER 4, 2023
The sanctions and charges, which were brought on by the U.S. Attorney’s Offices in Florida as well as the Federal Treasury Department on October 3, were strongly condemned by China.
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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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