Sat.Mar 30, 2024 - Fri.Apr 05, 2024

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Navigating the Future: Emerging Careers in Supply Chain Logistics for Graduates

All Things Supply Chain

In today’s rapidly evolving global marketplace, the field of supply chain logistics stands at the forefront of innovation and efficiency, offering a wealth of opportunities for recent college graduates.

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Influence of Air on COGS

ABC of Procurement

Do you think air can not influence your COGS (Unless you sell compressed air)? It can, and here is a real example. The post Influence of Air on COGS first appeared on ABC of Procurement.

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Even with +1, China is still #1

Art of Procurement

China’s role in the global supply chain is changing right before our eyes, leaving foreign buyers to feel the discomfort. The post Even with +1, China is still #1 appeared first on Art of Procurement.

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Route to Market

Procurement Templates

Procurement Route to Market Template Introduction: Provide an overview of the project or requirement. Briefly outline the purpose of procurement. Objectives: Define the specific objectives of the procurement process. Clarify the desired outcomes and deliverables. Scope of Work: Detail the scope of work or services to be procured. Include any technical specifications or requirements.

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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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Why should I opt for E-procurement?

ProcurePort

Businesses are always looking for ways to make their operations more efficient and save money in the fast-paced digital world. One such avenue that has gained significant traction in recent years is electronic procurement, commonly known as e-procurement. E-procurement uses digital tech to streamline the procurement process, from finding suppliers to buying and managing contracts. […] The post Why should I opt for E-procurement?

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CPO Crunch: Why do you do what you do?

Procurement Leaders

An exercise we’ve carried out on a few occasions over the years at Procurement Leaders has been to ask chief procurement officers to share the value propositions they have in place for their function. It’s useful because it forces extremely busy people to take a step back and think deeply about why they do what they do. What are the ultimate goals of those negotiations with suppliers?

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UPS wins US Postal Service air cargo contract, usurping FedEx

Supply Chain Dive

The delivery giant will ramp up its activity with the agency after a transition period, eventually moving the majority of its domestic air cargo.

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How to Choose the Best Suppliers with E-Sourcing Software

ProcurePort

In today’s fast-paced business environment, maintaining a competitive edge requires innovation and efficiency. Businesses can improve operations by using e-sourcing software for procurement. It is a game-changer in this area. Let’s delve deeper into how e-sourcing software can revolutionize procurement processes and drive bottom-line growth.

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Pain Ahead for Chocolate-Lovers

Procurement Bulletin

Pain Ahead for Chocolate-Lovers We mentioned this just a couple of weeks ago, but cocoa futures has reached new highs this past week. The shortages in cocoa supply are mainly due to climate and weather events which can severely affect commodity prices such as cocoa. Baltimore Bridge Collapse In an absolutely tragic accident, a Sri Lankan-bound container ship lost power and rammed into the Fraser Scott Key bridge in Baltimore, almost collapsing the entire bridge.

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Why Congestion Could Be on the Horizon for Port of L.A. Headed into Peak Months

Supply Chain Brain

A growing economy, drought conditions at the Panama Canal, and systems not designed to plan for trucking schedules could all spell trouble for the Port of LA in the months to come.

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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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Taiwan earthquake’s impact on chip industry likely to be ‘moderate,’ experts say

Supply Chain Dive

The island is home to nearly all of the world’s most advanced chip production, making even small delays precarious for semiconductor supply chains.

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Top Performers Investing in, Benefitting from AI

SCMR (Supply Chain Management Review)

Top-performing supply chains are investing in AI/ML at twice the rate of lower-performing supply chains, and they are using those investments to drive business momentum, Gartner has found.

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Real-World Supply Chain Robotics

The Network Effect

The post Real-World Supply Chain Robotics appeared first on The Network Effect.

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Panama Canal Will Need Rest of Year to Recover From Drought

Supply Chain Brain

La Niña is expected to usher in ample rains in a matter of weeks, providing relief after record dryness afflicted the key transit channel in 2023.

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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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Baltimore bridge collapse pressures some key trucking lanes

Supply Chain Dive

Flatbed loads surged 57% week over week from Baltimore, DAT Freight & Analytics reported.

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Meet AI in Vendor Management Systems

Spend Matters

Over the last several years, a mix of traditional and generative AI (GenAI) have made their way into vendor management solutions and changed how contingent labor and service workers are engaged and managed. This started with the adoption of traditional AI, which is now common to almost every VMS tool that enters the market. GenAI has more recently begun to appear in newer VMS tools through large language Models (LLMs), providing the creation of outputs not seen with traditional AI.

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The advantages and disadvantages of private cloud 

IBM Supply Chain Blog

The popularity of private cloud is growing, primarily driven by the need for greater data security. Across industries like education, retail and government, organizations are choosing private cloud settings to conduct business use cases involving workloads with sensitive information and to comply with data privacy and compliance needs. In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028,

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Finding Calm in the Chaos: How 3PLs Can Navigate Today’s Unruly Supply Chain

Supply Chain Brain

Brands, carriers, and third-party logistics providers are rapidly adapting their operations to address a chaotic shipping landscape and skyrocketing customer demands.

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The 2nd Generation of Innovation Management: A Survival Guide

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?

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FedEx, UPS adding delivery fees in parts of New York, Los Angeles, Chicago

Supply Chain Dive

The surcharges from both carriers will take effect this month in 82 ZIP codes across the U.S., many covering major urban areas.

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Q1 2024 Insider roundup: A deep dive into AI; following procurement tech market movements; updated coverage of 18 vendors

Spend Matters

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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Using generative AI to accelerate product innovation

IBM Supply Chain Blog

Generative artificial intelligence (GenAI) can be a powerful tool for driving product innovation, if used in the right ways. We’ll discuss select high-impact product use cases that demonstrate the potential of AI to revolutionize the way we develop, market and deliver products to customers. Stacking strong data management, predictive analytics and GenAI is foundational to taking your product organization to the next level. 1.

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With Suppliers Running at Near-Capacity, Is the ‘COVID Effect’ Finally Fading?

Supply Chain Brain

Are global supply chains finally shaking off the after-effects of the pandemic? The latest findings from GEP’s Global Supply Chain Volatility Index suggest that might be the case.

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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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Railroads add capacity to mitigate East Coast disruptions

Supply Chain Dive

Norfolk Southern has no deadline for when it will cease any solutions at the port.

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Meet AI in Intake and Orchestration

Spend Matters

Artificial intelligence (AI) comes in many different forms (for a complete history of AI in procurement, check out our recently published autoaugmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. This article explores the current state of AI in the intake and orchestration marketspace, including a capabilities overview, a high-level market overview and an introduction to the emerging field o

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Essential Freelance Procurement Contract Management Tips

Procurement Freelancers

Good contract management acts as a compass in the maze of freelance work. It guides… The post Essential Freelance Procurement Contract Management Tips first appeared on Procurement Blog | Procurement & Supply Chain News.

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Baltimore Ship Accident Has East Coast Ports Scrambling to Absorb Cargo

Supply Chain Brain

U.S. East Coast ports are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are clearing debris from the destroyed Francis Scott Key Bridge.

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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.

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Stop doom-scrolling your supply chain

Supply Chain Dive

Disruption is the reality of the modern world. How can you ensure your supply chain handles it without total fallout?

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The future of AI-enhanced third-party management

Spend Matters

This Spend Matters Brand Studio article was written in conjunction with Certa. Compliance and risk management is a growing and interesting use case of GenAI for procurement, finance and, of course, legal operations. The technology opens up a wealth of capabilities not previously possible for the procurement practitioner in terms of data availability, end-to-end visibility, cost, time and risk reduction, and ultimately the overall health of the third-party network.

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How would you answer the question: how do I apply AI in procurement?

Procurement Insights

The above question is nothing unique except for one thing—it is the perfect example of the power of peer-to-peer social engagement and interaction. It is also the perfect example of how solution providers should pause and listen to become a part of the practitioner dialogue versus trying to control it by pumping out “look at us” information or touting the features, functions, and benefits of their “AI technology.” Over the past 40-plus years, I have been in high-tech and

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Secondary Route Lets Small Vessels into Baltimore Port for First Time Since Bridge Collapse

Supply Chain Brain

A majority of the vessels permitted in the secondary channel will be ones helping with cleanup efforts for the collapsed Baltimore bridge.

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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.